Forex Market Review: Dollar Firms, German Ifo Rises
United States of America. The US dollar is strengthening against the pound and the yen, while showing mixed performance against the euro.
Markets
22
December
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By Sagar Dua - 444
HSBC outlines a clear medium-term outlook: the bank expects the Australian dollar to outperform in 2026, with the GBP/AUD exchange rate potentially declining toward the 1.90 level by the end of the year.
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By Sagar Dua
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During the Asian session, the USD/CAD pair is correcting around 1.3785 amid weak macroeconomic data from Canada.
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By Sagar Dua
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The USD/JPY pair is trading within a long-term upward trend, forming a corresponding ascending channel. Last week, prices reached two-month highs near 157.75 following the outcome of the Bank of Japan’s policy meeting.
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By Sagar Dua
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The Dow Jones Industrial Average is trading in a local sideways range near 48,154.0.
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By Sagar Dua
- 438
EUR/USD. The European currency remains relatively stable against the US dollar, correcting near the 1.1726 level, as investors refrain from opening new positions ahead of the start of the Christmas holiday period.
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By Sagar Dua
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The XAU/USD pair continues to gain ground, holding near fresh record highs around 4400.0 as the market waits for new directional catalysts. However, most investors are expected to step aside this week ahead of the Christmas holidays. Today at 15:30 (GMT+2), the United States will release the Chicago Fed National Activity Index for September, which is being published with a delay due to the recent record government shutdown. At the same time, traders continue to assess the likelihood of monetary policy easing by the Federal Reserve in the coming year. As a reminder, in December the regulator cut interest rates by 25 basis points to 3.75%, as expected, and maintained its forward guidance, projecting only one additional 25-basis-point rate cut in 2026. Market participants, however, are pricing in at least two rate reductions under the current economic conditions.
19
December
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By Sagar Dua
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The US dollar is strengthening against the euro, the British pound, and the Japanese yen.
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By Sagar Dua
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The euro–US dollar exchange rate (EUR/USD) briefly climbed toward the 1.18 area on Tuesday before retreating to around 1.1720 on Wednesday. The pullback was largely driven by short-covering activity in the market.
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By Sagar Dua
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Oil prices continue their corrective movement, trading below the 56.00 level this week as the market reacts to the current fundamental environment.
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By Sagar Dua
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The USD/CHF pair is trading in a corrective trend near the 0.7950 level, preparing for a potential continuation of the decline amid stabilisation in the Swiss franc.
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By Sagar Dua
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The EUR/USD pair is trading within a corrective trend near 1.1716, amid stabilization of the US dollar and the European Central Bank’s (ECB) current monetary policy stance.
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By Sagar Dua
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During the Asian session, the US Dollar Index is trading higher, testing the 98.15 level for a potential upside breakout while holding near the December 11 highs updated last Wednesday. Market activity remains subdued amid the absence of key macroeconomic data from the United States.
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