ไทม์ไลน์ข่าวสาร forex

ศุกร์, มกราคม 30, 2026

The Euro is in a bearish trend since mid-November, with price action pinned to the support area around 0.8650 after failing to rise above the 0.8700 level earlier this week.

.fxs-major-currency-prices-wrapper{border:1px solid #dddedf;background:#fff;margin-bottom:32px;width:100%;float:left}.fxs-major-currency-prices-title{color:#1b1c23;font-size:16px;font-style:italic;font-weight:700;line-height:22.4px;text-transform:uppercase;background:#f3f3f8;padding:8px 16px;margin:0}.fxs-major-currency-prices-content{color:#49494f;font-weight:300;padding:0;font-size:14.72px;line-height:20px;margin:8px 16px}table.fxs-major-currency-prices-currency-prices-table{width:100%;text-align:center;border-collapse:collapse;font-size:1rem}table.fxs-major-currency-prices-currency-prices-table th{background-color:#f2f2f2}table.fxs-major-currency-prices-currency-prices-table td{color:#fff}table.fxs-major-currency-prices-currency-prices-table td.green{background-color:#9cd6cd}table.fxs-major-currency-prices-currency-prices-table td.red{background-color:#faafb5}table.fxs-major-currency-prices-currency-prices-table td.blue-grey{background-color:#888a93}.fxs-major-currency-prices-currency-prices-legend{font-size:11px;margin:8px;color:#49494f}@media (min-width:680px){.fxs-major-currency-prices-content{font-size:16px;line-height:21.6px}.fxs-major-currency-prices-title{font-size:19.2px;line-height:27.2px}}.fxs-major-currency-prices-currency-price td.dark-green{background-color:#39ad9a}.fxs-major-currency-prices-currency-price td.light-green{background-color:#9cd6cd}.fxs-major-currency-prices-currency-price td.gray{background-color:#888a93}.fxs-major-currency-prices-currency-price td.light-red{background-color:#faafb5}.fxs-major-currency-prices-currency-price td.strong-red{background-color:#f55e6a}EUR/GBP ticked up to 0.8670, but remains close to the support area at 0.8650.German GDP beat expectations in Q4, but investors await Eurozone data to confirm the economic improvement.The pair is trading right above the neckline of a large Head & Shoulders formation.
The Euro is in a bearish trend since mid-November, with price action pinned to the support area around 0.8650 after failing to rise above the 0.8700 level earlier this week. Strong shop price inflation in the UK and murmurs of further ECB easing have weighed down the pair this week.

Data from Germany released on Friday showed that Gross Domestic Product grew above expectations in the third quarter, providing some support for the Euro. Investors, however, will await Eurozone GDP and German inflation figures to confirm the economic improvement.
Technical Analysis: EUR/GBP is at the neckline of a bearish Head & Shoulders
The daily chart shows the EUR/GBP trading at 0.8670 at a short distance from the neckline of a large Head & Shoulders formation, at 0.8650. Technical indicators support the bearish view. The Moving Average Convergence Divergence is flat around the zero line while the Relative Strength Index (RSI) remains in bearish territory, unable to return above the key 50 level.A confirmation below the 0.8650 level, which has limited losses several times in January, might lure bears to retest mid-August lows, at the 0.8600 area. Further down, the next target would be at late June lows around 0.8515. Resistance levels are at the 0.8700-08710 area (January 27, 28 highs) and the January 21 high, at 0.8745.(The technical analysis of this story was written with the help of an AI tool.) Pound Sterling Price This week The table below shows the percentage change of British Pound (GBP) against listed major currencies this week. British Pound was the strongest against the US Dollar. USD EUR GBP JPY CAD AUD NZD CHF USD -0.33% -0.56% -0.23% -1.16% -0.86% -1.31% -0.67% EUR 0.33% -0.23% 0.13% -0.84% -0.53% -0.99% -0.35% GBP 0.56% 0.23% 0.02% -0.60% -0.31% -0.76% -0.11% JPY 0.23% -0.13% -0.02% -0.94% -0.64% -1.06% -0.44% CAD 1.16% 0.84% 0.60% 0.94% 0.18% -0.13% 0.49% AUD 0.86% 0.53% 0.31% 0.64% -0.18% -0.46% 0.19% NZD 1.31% 0.99% 0.76% 1.06% 0.13% 0.46% 0.65% CHF 0.67% 0.35% 0.11% 0.44% -0.49% -0.19% -0.65% The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the British Pound from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent GBP (base)/USD (quote).

The Euro (EUR) drifts lower on Friday, and trades at 1.1920 at the time of writing, with support at the 1.1900 area in focus.

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Reports that Trump prepares to announce Kevin Warsh as the next Fed Chair on Friday have soothed investors.In Europe, the Eurozone GDP and German HICP are likely to drive Euro pairs.The Euro (EUR) drifts lower on Friday, and trades at 1.1920 at the time of writing, with support at the 1.1900 area in focus. The US Dollar (USD) has trimmed some losses on speculation that Kevin Warsh will be the next Federal Reserve (Fed) Chairman, and hopes that another government shutdown can be avoided.US President Donald Trump is expected to reveal the name of the person who will replace Jerome Powell as the head of the Fed, and all signs point to former Fed Governor Kevin Warsh. The market has reacted positively to the news, on the belief that Warsh will guarantee the central bank’s independence rather than act on Trump's command. Beyond that, news that US Senate Democrats and Republicans have reached an agreement on a package of spending bills has boosted hopes that another government shutdown can be averted, providing additional support for the Greenback.US economic data released on Thursday was mixed. Factory Orders bounced up beyond forecasts, but Initial Jobless Claims were also higher than expected, and the trade deficit widened. On Friday, the preliminary Eurozone Q4 Gross Domestic Product (GDP) and German Harmonised Index of Consumer Prices (HICP) will grab the attention during the European session. Later on, all eyes will be on the US Producer Price Index (PPI) data for December. Euro Price Today The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the strongest against the Australian Dollar. USD EUR GBP JPY CAD AUD NZD CHF USD 0.29% 0.29% 0.48% 0.20% 0.69% 0.45% 0.33% EUR -0.29% 0.00% 0.17% -0.09% 0.40% 0.16% 0.05% GBP -0.29% -0.00% 0.17% -0.09% 0.40% 0.16% 0.04% JPY -0.48% -0.17% -0.17% -0.25% 0.23% -0.01% -0.12% CAD -0.20% 0.09% 0.09% 0.25% 0.48% 0.24% 0.13% AUD -0.69% -0.40% -0.40% -0.23% -0.48% -0.23% -0.35% NZD -0.45% -0.16% -0.16% 0.01% -0.24% 0.23% -0.12% CHF -0.33% -0.05% -0.04% 0.12% -0.13% 0.35% 0.12% The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent EUR (base)/USD (quote).
Daily Digest market Movers: Warsh's name soothes marketsThe US Dollar is trimming some of the losses seen over the last two weeks after the name of Kevin Warsh has emerged as the next Fed Chair, soothing investors who were concerned about the central bank's autonomy. Beyond that, hopes that a deal to avoid an immediate US shutdown is still possible and some profit-taking ahead of the weekend have contributed to giving some oxygen to the battered US Dollar.In Europe, the recent Euro rally is starting to raise concerns about the competitiveness of European products in foreign markets and the growing downside risks for inflation, which has prompted the first calls for interest rate cuts since last summer. If more European Central Bank (ECB) officials follow this path, we might see a deeper Euro correction.In the Eurozone, German GDP figures revealed that growth accelerated to 0.3% in Q4, from a flat reading in the previous quarter, and beating expectations of a 0.2% improvement. Year-on-year, the German economy grew 0.4% from 0.3% in Q3.Investors, however, are likely to wait for the Eurozone data to confirm the improving economic growth. The region's GDP is expected to have slowed down to a 0.2% growth in the quarter and 1.2% year on year, down from 0.3% and 1.4% respective advances in the previous quarter. Somewhat later, the preliminary German HICP is expected to show a 0.2% contraction in January, following a 0.2% growth in the previous month, although the yearly inflation is seen as steady at 2%.In the US, Producer Price Index (PPI) figures for December are forecast to have moderated to a 2.7% yearly growth, from 3% in the previous month, while the core PPI is seen easing to 2.9% year-on-year, from 3% in the previous month.
Technical Analysis: EUR/USD corrects lower, with support at 1.1900 under pressureThe EUR/USD rally has lost steam as the last two days' lower highs suggest that sellers are taking control, although support at 1.1895 is limiting losses for now. Technical indicators show increasing bearish momentum. The Moving Average Convergence Divergence (MACD) histogram has slipped below zero on the 4-hour chart, and the red bars are expanding, while the Relative Strength Index (RSI) is attempting to break the key 50 level on the same time frame.

A confirmation below the mentioned 1.1895 area (January 28, 29 lows) increases negative pressure towards the January 27 low, at 1.1850, and the January 23 low near 1.1730. To the upside, resistances are at the January 29 high, near the 1.2000 psychological level, and the January 27 high, at 1.2082.(The technical analysis of this story was written with the help of an AI tool.) Fed FAQs What does the Federal Reserve do, how does it impact the US Dollar? Monetary policy in the US is shaped by the Federal Reserve (Fed). The Fed has two mandates: to achieve price stability and foster full employment. Its primary tool to achieve these goals is by adjusting interest rates. When prices are rising too quickly and inflation is above the Fed’s 2% target, it raises interest rates, increasing borrowing costs throughout the economy. This results in a stronger US Dollar (USD) as it makes the US a more attractive place for international investors to park their money. When inflation falls below 2% or the Unemployment Rate is too high, the Fed may lower interest rates to encourage borrowing, which weighs on the Greenback. How often does the Fed hold monetary policy meetings? The Federal Reserve (Fed) holds eight policy meetings a year, where the Federal Open Market Committee (FOMC) assesses economic conditions and makes monetary policy decisions. The FOMC is attended by twelve Fed officials – the seven members of the Board of Governors, the president of the Federal Reserve Bank of New York, and four of the remaining eleven regional Reserve Bank presidents, who serve one-year terms on a rotating basis. What is Quantitative Easing (QE) and how does it impact USD? In extreme situations, the Federal Reserve may resort to a policy named Quantitative Easing (QE). QE is the process by which the Fed substantially increases the flow of credit in a stuck financial system. It is a non-standard policy measure used during crises or when inflation is extremely low. It was the Fed’s weapon of choice during the Great Financial Crisis in 2008. It involves the Fed printing more Dollars and using them to buy high grade bonds from financial institutions. QE usually weakens the US Dollar. What is Quantitative Tightening (QT) and how does it impact the US Dollar? Quantitative tightening (QT) is the reverse process of QE, whereby the Federal Reserve stops buying bonds from financial institutions and does not reinvest the principal from the bonds it holds maturing, to purchase new bonds. It is usually positive for the value of the US Dollar.

The Dollar is poised for a potential recovery following the expected nomination of Kevin Warsh as the new Federal Reserve Chair. This development is seen as a positive sign for the Dollar, which has been seeking a catalyst for recovery.

The Dollar is poised for a potential recovery following the expected nomination of Kevin Warsh as the new Federal Reserve Chair. This development is seen as a positive sign for the Dollar, which has been seeking a catalyst for recovery. However, further positive catalysts may be necessary to sustain this momentum, especially in light of upcoming economic data releases, notes ING FX Strategist Francesco Pesole.Warsh's nomination and Dollar outlook"Warsh has been amongst the most market-friendly candidates, as he is a former Fed governor with a history of hawkish views, especially on balance sheet reduction. Given how adamant Trump has been on reducing rates, it’s safe to assume Warsh has taken a more dovish stance during the interview process – but this pick may suggest a desire to calm speculation on Fed independence loss.""It appears this could at least lower the risks of another major leg lower in the dollar for now. That said, there is a clear interest in buying the EUR/USD dip around 1.190 despite plenty of signals that the USD drop is too stretched relative to rates and the macro story.""Another positive catalyst for the USD may well be needed to break the bearish tendency and take it on a steadier recovery."(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)

Italy Unemployment came in at 5.6%, below expectations (5.8%) in December

United Kingdom Mortgage Approvals came in at 61.013K, below expectations (64.8K) in December

United Kingdom Net Lending to Individuals (MoM) meets forecasts (£6.1B) in December

United Kingdom M4 Money Supply (YoY) up to 4.7% in December from previous 4.3%

United Kingdom M4 Money Supply (MoM) meets expectations (0.3%) in December

United Kingdom Consumer Credit below forecasts (£1.7B) in December: Actual (£1.524B)

Silver prices (XAG/USD) fell on Friday, according to FXStreet data. Silver trades at $100.67 per troy ounce, down 13.63% from the $116.56 it cost on Thursday.

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United Kingdom Mortgage Approvals came in at 61.01K below forecasts (64.8K) in December

Portugal Gross Domestic Product (QoQ) came in at 0.8%, above forecasts (0.5%) in 4Q

Portugal Gross Domestic Product (YoY) fell from previous 2.4% to 1.9% in 4Q

Rabobank's report notes that Gold has seen a significant retracement, ending its record-breaking streak. The precious metal is currently down about 8% from its peak, influenced by market reactions to potential changes in US monetary policy.

Rabobank's report notes that Gold has seen a significant retracement, ending its record-breaking streak. The precious metal is currently down about 8% from its peak, influenced by market reactions to potential changes in US monetary policy. The report emphasizes the ongoing uncertainty in the market despite concerns over geopolitical tensions.Gold's streak comes to an end"The record-breaking streaks in gold and silver have also ended – at least for now. The precious metals are currently down about 8% and 12% from their peaks, respectively.""The retracements are notable, but we wouldn’t say that the debasement trade or diversification from the US have now stopped."(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)

Germany Hesse CPI (YoY) declined to 2.1% in January from previous 2.2%

Germany Hesse CPI (MoM) declined to 0% in January from previous 0.1%

Spain Current Account Balance: €0.21B (November) vs previous €7.18B

Germany Saxony CPI (YoY) rose from previous 1.9% to 2.3% in January

Germany Saxony CPI (MoM) dipped from previous 0.2% to 0% in January

Germany Brandenburg CPI (MoM) dipped from previous 0.4% to 0% in January

Italy Gross Domestic Product (QoQ) above expectations (0.2%) in 4Q: Actual (0.3%)

Italy Gross Domestic Product (YoY) registered at 0.8% above expectations (0.5%) in 4Q

Germany North Rhine-Westphalia CPI (MoM) climbed from previous 0% to 0.1% in January

Germany North Rhine-Westphalia CPI (YoY) climbed from previous 1.8% to 2% in January

Germany Brandenburg CPI (YoY): 2.2% (January)

Germany Baden-Wuerttemberg CPI (MoM): 0% (January) vs previous 0.2%

Germany Baden-Wuerttemberg CPI (YoY) climbed from previous 1.9% to 2.1% in January

Germany Gross Domestic Product w.d.a (YoY) increased to 0.6% in 4Q from previous 0.3%

Germany Bavaria CPI (YoY) climbed from previous 1.7% to 2.1% in January

Germany Bavaria CPI (MoM) remains unchanged at 0% in January

Germany Bavaria CPI (YoY) remains unchanged at 1.7% in January

Germany Gross Domestic Product (QoQ) registered at 0.3% above expectations (0.2%) in 4Q

Germany Gross Domestic Product (YoY) registered at 0.4% above expectations (0.3%) in 4Q

Bob Savage, Head of Markets Macro Strategy at BNY, discusses the U.S. Dollar's influence on equity markets, highlighting that USD weakness is reshaping sector dynamics within the S&P 500. It notes that a weaker dollar supports sectors with international exposure and alters capital flows.

Bob Savage, Head of Markets Macro Strategy at BNY, discusses the U.S. Dollar's influence on equity markets, highlighting that USD weakness is reshaping sector dynamics within the S&P 500. It notes that a weaker dollar supports sectors with international exposure and alters capital flows. The analysis emphasizes the growing importance of currency dynamics alongside inflation in driving investment decisions.Impact of USD weakness on sectors"A weaker dollar alters future earnings, shifts global competitiveness, and redirects capital flows across regions and asset classes. For equity investors, the implications extend beyond simple export exposure.""The volatility of the USD – and what it does to underlying stock returns – is back in focus for investors and reinforces the negative feedback loop around USD hedging.""Most importantly, USD weakness alters sector relationships as the U.S. economy evolves. Consider the shift since 1998: U.S. exports moved from industrial goods to tech-driven services, changing the USD’s impact on Industrials."(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)

Germany Unemployment Change below expectations (4K) in December: Actual (0K)

Germany Unemployment Rate s.a. meets forecasts (6.3%) in December

Netherlands, The Gross Domestic Product n.s.a (YoY) unchanged at 1.8% in 4Q

Societe Generale analysts expect the disinflation narrative to dominate in 2026, driven by moderating wage growth and supportive commodity dynamics. They forecast headline inflation to average 1.7% in 2026, down from 2.1% in 2025.

Societe Generale analysts expect the disinflation narrative to dominate in 2026, driven by moderating wage growth and supportive commodity dynamics. They forecast headline inflation to average 1.7% in 2026, down from 2.1% in 2025. Analysts highlight two-sided risks that could impact this outlook, including factors like China's excess supply and energy markets.Inflation trends and forecasts"We still expect the disinflation narrative to dominate in 2026, even if two‑sided risks could slightly alter the picture. An optical decline in inflation is likely, although the usual seasonal uncertainty in January means the outcome should be interpreted with some caution.""We expect disinflation to dominate 2026, driven by moderating wage growth and supportive commodity dynamics, particularly in Brent and agricultural prices. We forecast headline inflation to average 1.7% in 2026, down from 2.1% in 2025, though risks remain two‑sided, including China’s excess supply, FX, energy markets, Germany’s fiscal stance, and demographic pressures.""The disinflationary trend should start in January, when base effects and softer annual regulated price resets (insurance, energy, health, communication, etc) are set to lower headline inflation to 1.7% yoy from 1.9% in December, though methodological changes increase uncertainty."(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)

Spain Harmonized Index of Consumer Prices (MoM) came in at -0.7%, above expectations (-0.8%) in January

Spain Consumer Price Index (YoY) down to 2.4% in January from previous 2.9%

Spain Consumer Price Index (MoM) down to -0.4% in January from previous 0.3%

Austria Gross Domestic Product (QoQ) dipped from previous 0.4% to 0.2% in 4Q

Spain Gross Domestic Product - Estimated (YoY) down to 2.6% in 4Q from previous 2.8%

Austria Producer Price Index (MoM) down to -0.3% in December from previous 0.3%

Austria Producer Price Index (YoY) dipped from previous -1.3% to -1.9% in December

Spain Gross Domestic Product - Estimated (QoQ) above forecasts (0.6%) in 4Q: Actual (0.8%)

Spain Harmonized Index of Consumer Prices (YoY) registered at 2.5% above expectations (2.4%) in January

Spain Gross Domestic Product (YoY) came in at 2.6% below forecasts (2.8%) in 3Q

The USD is experiencing mixed trading, regaining some ground against core majors after earlier losses. The undertone remains bearish, with concerns about Fed policy autonomy impacting investor sentiment.

The USD is experiencing mixed trading, regaining some ground against core majors after earlier losses. The undertone remains bearish, with concerns about Fed policy autonomy impacting investor sentiment. The DXY index is close to key support levels, and minor gains may attract sellers, note Scotiabank Chief FX Strategist Shaun Osborne and FX Strategist Eric Theoret.USD trading mixed with bearish undertone"Some investors at least are not persuaded that sound policies are being pursued, and we still rather think that the USD’s outlook is handicapped by investor worries about risks to the Fed policy autonomy.""While the DXY is trading firmer again this morning, gains largely reflect a consolidation in price at very soft levels.""The index pierced key support at 96.20/30 briefly yesterday and remains close to that point this morning."(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)

France Producer Prices (MoM) declined to 0.2% in December from previous 1.1%

France Nonfarm Payrolls (QoQ): -0.1% (4Q) vs previous 0%

The Federal Statistics Office of Germany is set to release preliminary Q4 Gross Domestic Product (GDP) data for Germany at 09:00 GMT, and Eurostat will likely report flash Eurozone GDP figures for the same period at 10:00 GMT on Friday.

.fxs-faq-module-wrapper{border:1px solid #dddedf;background:#fff;margin-bottom:32px;width:100%;float:left;font-family:Roboto,sans-serif}.fxs-faq-module-title{color:#1b1c23;font-size:16px;font-style:italic;font-weight:700;line-height:22.4px;text-transform:uppercase;background:#f3f3f8;padding:8px 16px;margin:0}.fxs-faq-module-container{padding:16px;width:100%;box-sizing:border-box;display:flex;flex-direction:column;gap:12px}.fxs-faq-module-section{padding-bottom:16px;border-bottom:1px solid #ececf1;margin-bottom:0}.fxs-faq-module-section:last-child{border:none;margin-bottom:0}.fxs-faq-module-container input[type=checkbox]{display:none}.fxs-faq-module-header{padding:4px 0;background-color:#fff;border:none;position:relative;cursor:pointer;margin:0}.fxs-faq-module-header label{display:block;cursor:pointer}.fxs-faq-module-header label span{display:block;width:calc(100% - 50px)}.fxs-faq-module-header label:after,.fxs-faq-module-header label:before{content:"";position:absolute;top:50%;right:16px;width:8px;height:2px;background-color:#49494f;transition:all .2s ease-in-out;transition-delay:0}.fxs-faq-module-header label:after{transform:rotate(45deg) translateX(-4px)}.fxs-faq-module-header label:before{transform:rotate(-45deg) translateX(4px)}.fxs-faq-module-header label:after,.fxs-faq-module-header label:before{transition:transform .3s ease-in-out}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-header label:after{transform:rotate(45deg) translateX(4px)}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-header label:before{transform:rotate(-45deg) translateX(-4px)}.fxs-faq-module-content{max-height:0;overflow:hidden;transition:all .3s ease-in-out;color:#49494f;font-weight:300;padding:0;font-size:14.72px;line-height:20px;margin:0}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-content{max-height:1000px;margin-top:8px}@media (min-width:680px){.fxs-faq-module-title{font-size:19.2px;line-height:27.2px}.fxs-faq-module-header{font-size:19.2px;line-height:25.92px}.fxs-faq-module-content{font-size:16px;line-height:21.6px}} The German/Eurozone Q4 GDP OverviewThe Federal Statistics Office of Germany is set to release preliminary Q4 Gross Domestic Product (GDP) data for Germany at 09:00 GMT, and Eurostat will likely report flash Eurozone GDP figures for the same period at 10:00 GMT on Friday.Germany’s preliminary GDP is forecast to grow 0.2% quarter-over-quarter (QoQ) in the fourth quarter, after stagnating in the prior quarter. Meanwhile, the economic growth is expected to hold steady at 0.3% Year-over-year (YoY) in Q4.Meanwhile, seasonally adjusted flash Eurozone GDP is projected to rise 0.2% QoQ in Q4, easing from 0.3% previously, while annual growth is seen slowing to 1.2% from 1.4%.How could the German/Eurozone Q4 GDP affect EUR/USD?The EUR/USD pair could come under pressure if GDP data from Germany and the Eurozone meet expectations. Markets will also focus on December unemployment figures for both regions, along with Germany’s January Consumer Price Index (CPI).European Central Bank (ECB) policymaker Martin Kocher warned that further Euro (EUR) appreciation could prompt the central bank to resume interest-rate cuts. Following his comments, markets slightly increased expectations for a summer move, with the implied probability of a July cut rising to around 25% from about 15%. The ECB meets next week and is widely expected to keep rates unchanged.The EUR/USD pair struggles as the US Dollar (USD) rises on speculation that US President Donald Trump will nominate former Fed Governor Kevin Warsh as the next Federal Reserve chair. Trump said late Thursday he would announce his choice on Friday morning, with markets favoring Warsh, who is seen as a more hawkish option.Technically, the EUR/USD pair is trading around 1.1920 at the time of writing. The technical analysis of the daily chart suggests an ongoing bullish bias as the pair is remaining within the ascending channel pattern. The pair could approach the initial barrier at the upper boundary of the channel around 1.2050, followed by 1.2082, the highest since June 2021. On the downside, the immediate support lies at the nine-day Exponential Moving Average (EMA) of 1.1870, followed by the lower channel boundary around 1.1840. German economy FAQs What is the effect of the German Economy on the Euro? The German economy has a significant impact on the Euro due to its status as the largest economy within the Eurozone. Germany's economic performance, its GDP, employment, and inflation, can greatly influence the overall stability and confidence in the Euro. As Germany's economy strengthens, it can bolster the Euro's value, while the opposite is true if it weakens. Overall, the German economy plays a crucial role in shaping the Euro's strength and perception in global markets. What is the political role of Germany within the Eurozone? Germany is the largest economy in the Eurozone and therefore an influential actor in the region. During the Eurozone sovereign debt crisis in 2009-12, Germany was pivotal in setting up various stability funds to bail out debtor countries. It took a leadership role in the implementation of the 'Fiscal Compact' following the crisis – a set of more stringent rules to manage member states’ finances and punish ‘debt sinners’. Germany spearheaded a culture of ‘Financial Stability’ and the German economic model has been widely used as a blueprint for economic growth by fellow Eurozone members. What are German Bunds? Bunds are bonds issued by the German government. Like all bonds they pay holders a regular interest payment, or coupon, followed by the full value of the loan, or principal, at maturity. Because Germany has the largest economy in the Eurozone, Bunds are used as a benchmark for other European government bonds. Long-term Bunds are viewed as a solid, risk-free investment as they are backed by the full faith and credit of the German nation. For this reason they are treated as a safe-haven by investors – gaining in value in times of crisis, whilst falling during periods of prosperity. What are German Bund Yields? German Bund Yields measure the annual return an investor can expect from holding German government bonds, or Bunds. Like other bonds, Bunds pay holders interest at regular intervals, called the ‘coupon’, followed by the full value of the bond at maturity. Whilst the coupon is fixed, the Yield varies as it takes into account changes in the bond's price, and it is therefore considered a more accurate reflection of return. A decline in the bund's price raises the coupon as a percentage of the loan, resulting in a higher Yield and vice versa for a rise. This explains why Bund Yields move inversely to prices. What is the Bundesbank? The Bundesbank is the central bank of Germany. It plays a key role in implementing monetary policy within Germany, and central banks in the region more broadly. Its goal is price stability, or keeping inflation low and predictable. It is responsible for ensuring the smooth operation of payment systems in Germany and participates in the oversight of financial institutions. The Bundesbank has a reputation for being conservative, prioritizing the fight against inflation over economic growth. It has been influential in the setup and policy of the European Central Bank (ECB).

AUD/USD is likely to trade in a range between 0.6980 and 0.7085. For AUD to continue rising, it must close above 0.7100, while the strong support level is set at 0.6960.

AUD/USD is likely to trade in a range between 0.6980 and 0.7085. For AUD to continue rising, it must close above 0.7100, while the strong support level is set at 0.6960. Recent price action suggests a slowdown in upward momentum, note UOB Senior Technical Strategist Quek Ser Leang and Economist Lee Sue Ann.Range-trading expected for AUD/USD"For AUD to continue to rise, it must close above 0.7100.""The likelihood of AUD closing above 0.7100 is not high but it will remain intact as long as 0.6960 is not breached."(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)

Here is what you need to know on Friday, January 30:

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US Dollar Price Today The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the strongest against the Australian Dollar. USD EUR GBP JPY CAD AUD NZD CHF USD 0.35% 0.38% 0.55% 0.26% 0.77% 0.53% 0.37% EUR -0.35% 0.03% 0.18% -0.09% 0.42% 0.18% 0.01% GBP -0.38% -0.03% 0.17% -0.12% 0.39% 0.15% -0.01% JPY -0.55% -0.18% -0.17% -0.29% 0.22% -0.03% -0.19% CAD -0.26% 0.09% 0.12% 0.29% 0.51% 0.26% 0.11% AUD -0.77% -0.42% -0.39% -0.22% -0.51% -0.24% -0.41% NZD -0.53% -0.18% -0.15% 0.03% -0.26% 0.24% -0.16% CHF -0.37% -0.01% 0.01% 0.19% -0.11% 0.41% 0.16% The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote). Despite the comeback, the Greenback is on track for its second straight weekly slide, heavily undermined by Trump’s erratic international policies and attacks on the Fed’s independence.Trump on Thursday threatened to impose a 50% tariff on all aircraft sold from Canada into the United States (US), accusing Canada of unfairly blocking certification of Gulfstream business jets.Citing Trump, Reuters reported on Thursday that he plans to speak with Iran, even as the Pentagon prepares for possible military action and the United States increases its naval presence in the Middle East.Additionally, the White House said that Trump signed an executive order that would impose tariffs on countries that provide oil to Cuba.Looking ahead, the focus remains on Trump’s nomination of the next Fed Chair and the US Producer Price Index (PPI) data for the next direction in the Greenback.Ahead of that, the preliminary German and Eurozone Gross Domestic Product (GDP) reports for the fourth quarter of 2025 will grab some attention.Across the G10 currency space, AUD/USD stays deep in the red below 0.7000 amid profit taking ahead of next week’s likely Reserve Bank of Australia (RBA) interest rate hike.USD/JPY flirts with 154.00 as the Japanese Yen (JPY) holds softer Tokyo CPI-inspired losses amid reduced bets for an early interest rate hike by the Bank of Japan (BoJ). EUR/USD trims losses to regain 1.1900, but sellers remain in control ahead of key German/ Eurozone GDP data.GBP/USD holds correction at around 1.3750, pressured by the ongoing USD recovery.  Gold falls nearly 4% to trade near $5,200 in early Europe, having tested the $5,100 threshold in the Asian session.WTI extends the pullback from five-month highs of $66.25, currently trading around $64, as Trump seems open to talk to Iran. US Dollar FAQs What is the US Dollar? The US Dollar (USD) is the official currency of the United States of America, and the ‘de facto’ currency of a significant number of other countries where it is found in circulation alongside local notes. It is the most heavily traded currency in the world, accounting for over 88% of all global foreign exchange turnover, or an average of $6.6 trillion in transactions per day, according to data from 2022. Following the second world war, the USD took over from the British Pound as the world’s reserve currency. For most of its history, the US Dollar was backed by Gold, until the Bretton Woods Agreement in 1971 when the Gold Standard went away. How do the decisions of the Federal Reserve impact the US Dollar? The most important single factor impacting on the value of the US Dollar is monetary policy, which is shaped by the Federal Reserve (Fed). The Fed has two mandates: to achieve price stability (control inflation) and foster full employment. Its primary tool to achieve these two goals is by adjusting interest rates. When prices are rising too quickly and inflation is above the Fed’s 2% target, the Fed will raise rates, which helps the USD value. When inflation falls below 2% or the Unemployment Rate is too high, the Fed may lower interest rates, which weighs on the Greenback. What is Quantitative Easing and how does it influence the US Dollar? In extreme situations, the Federal Reserve can also print more Dollars and enact quantitative easing (QE). QE is the process by which the Fed substantially increases the flow of credit in a stuck financial system. It is a non-standard policy measure used when credit has dried up because banks will not lend to each other (out of the fear of counterparty default). It is a last resort when simply lowering interest rates is unlikely to achieve the necessary result. It was the Fed’s weapon of choice to combat the credit crunch that occurred during the Great Financial Crisis in 2008. It involves the Fed printing more Dollars and using them to buy US government bonds predominantly from financial institutions. QE usually leads to a weaker US Dollar. What is Quantitative Tightening and how does it influence the US Dollar? Quantitative tightening (QT) is the reverse process whereby the Federal Reserve stops buying bonds from financial institutions and does not reinvest the principal from the bonds it holds maturing in new purchases. It is usually positive for the US Dollar.

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $64.00 during the early European trading hours on Friday. The WTI price falls after hitting its highest since late September as oversupply concerns weigh on the price. 

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The WTI price falls after hitting its highest since late September as oversupply concerns weigh on the price. Crude oil global production exceeded consumption throughout 2025, leading to significant stockpile builds. This, in turn, weighs on the black gold price. The International Energy Agency (IEA) estimated a substantial surplus will continue through 2026, with an average oversupply of more than 3.7 million barrels per day (bpd) for the year.Furthermore, a renewed US Dollar (USD) demand could undermine the USD-denominated commodity price. The Greenback rebounds after a report that Trump and Senate Democrats struck a deal to avoid a US government shutdown. The US Senate could vote as soon as Thursday night to approve a government funding package after Democrats reached a deal with Trump to strip out the full-year spending bill for the Department of Homeland Security (DHS).On the other hand, the potential downside for the WTI might be limited after US President Donald Trump warned Iran to make a nuclear deal or face military strikes. Trump stated on Wednesday that US ships he ordered to the region were ready to fulfill their mission “with speed and violence, if necessary.” Iran responded with a threat to strike back against the US, Israel, and those who support them. Heightened geopolitical risk in Iran, OPEC’s fourth-largest crude oil producer at 3.2 million bpd, could boost the WTI price in the near term.  WTI Oil FAQs What is WTI Oil? WTI Oil is a type of Crude Oil sold on international markets. The WTI stands for West Texas Intermediate, one of three major types including Brent and Dubai Crude. WTI is also referred to as “light” and “sweet” because of its relatively low gravity and sulfur content respectively. It is considered a high quality Oil that is easily refined. It is sourced in the United States and distributed via the Cushing hub, which is considered “The Pipeline Crossroads of the World”. It is a benchmark for the Oil market and WTI price is frequently quoted in the media. What factors drive the price of WTI Oil? Like all assets, supply and demand are the key drivers of WTI Oil price. As such, global growth can be a driver of increased demand and vice versa for weak global growth. Political instability, wars, and sanctions can disrupt supply and impact prices. The decisions of OPEC, a group of major Oil-producing countries, is another key driver of price. The value of the US Dollar influences the price of WTI Crude Oil, since Oil is predominantly traded in US Dollars, thus a weaker US Dollar can make Oil more affordable and vice versa. How does inventory data impact the price of WTI Oil The weekly Oil inventory reports published by the American Petroleum Institute (API) and the Energy Information Agency (EIA) impact the price of WTI Oil. Changes in inventories reflect fluctuating supply and demand. If the data shows a drop in inventories it can indicate increased demand, pushing up Oil price. Higher inventories can reflect increased supply, pushing down prices. API’s report is published every Tuesday and EIA’s the day after. Their results are usually similar, falling within 1% of each other 75% of the time. The EIA data is considered more reliable, since it is a government agency. How does OPEC influence the price of WTI Oil? OPEC (Organization of the Petroleum Exporting Countries) is a group of 12 Oil-producing nations who collectively decide production quotas for member countries at twice-yearly meetings. Their decisions often impact WTI Oil prices. When OPEC decides to lower quotas, it can tighten supply, pushing up Oil prices. When OPEC increases production, it has the opposite effect. OPEC+ refers to an expanded group that includes ten extra non-OPEC members, the most notable of which is Russia.

Turkey Trade Balance dipped from previous -8B to -9.3B in December

The GBP is soft against the USD, underperforming most G10 currencies in quiet trading. Political risks remain a concern, particularly regarding potential leadership challenges.

The GBP is soft against the USD, underperforming most G10 currencies in quiet trading. Political risks remain a concern, particularly regarding potential leadership challenges. Despite this, the GBP's correlation to risk reversals is high, indicating some underlying support, note Scotiabank Chief FX Strategist Shaun Osborne and FX Strategist Eric Theoret.GBP under pressure from political risks"We remain attentive to headlines related to a leadership challenge against the prime minister.""While this is not an automatic sell signal, it does suggest a need for caution."(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)

Germany Import Price Index (YoY) above expectations (-2.6%) in December: Actual (-2.3%)

Germany Import Price Index (MoM) above forecasts (-0.4%) in December: Actual (-0.1%)

AUD/USD depreciates after three days of gains, trading around 0.7000 during the early European hours on Friday. Daily chart analysis indicates that the pair is remaining within the ascending channel pattern, indicating a persistent bullish bias.

.fxs-major-currency-prices-wrapper{border:1px solid #dddedf;background:#fff;margin-bottom:32px;width:100%;float:left}.fxs-major-currency-prices-title{color:#1b1c23;font-size:16px;font-style:italic;font-weight:700;line-height:22.4px;text-transform:uppercase;background:#f3f3f8;padding:8px 16px;margin:0}.fxs-major-currency-prices-content{color:#49494f;font-weight:300;padding:0;font-size:14.72px;line-height:20px;margin:8px 16px}table.fxs-major-currency-prices-currency-prices-table{width:100%;text-align:center;border-collapse:collapse;font-size:1rem}table.fxs-major-currency-prices-currency-prices-table th{background-color:#f2f2f2}table.fxs-major-currency-prices-currency-prices-table td{color:#fff}table.fxs-major-currency-prices-currency-prices-table td.green{background-color:#9cd6cd}table.fxs-major-currency-prices-currency-prices-table td.red{background-color:#faafb5}table.fxs-major-currency-prices-currency-prices-table td.blue-grey{background-color:#888a93}.fxs-major-currency-prices-currency-prices-legend{font-size:11px;margin:8px;color:#49494f}@media (min-width:680px){.fxs-major-currency-prices-content{font-size:16px;line-height:21.6px}.fxs-major-currency-prices-title{font-size:19.2px;line-height:27.2px}}.fxs-major-currency-prices-currency-price td.dark-green{background-color:#39ad9a}.fxs-major-currency-prices-currency-price td.light-green{background-color:#9cd6cd}.fxs-major-currency-prices-currency-price td.gray{background-color:#888a93}.fxs-major-currency-prices-currency-price td.light-red{background-color:#faafb5}.fxs-major-currency-prices-currency-price td.strong-red{background-color:#f55e6a}AUD/USD may test the 0.7094 barrier, the highest since February 2023.The 14-day Relative Strength Index is at 79, suggesting stretched momentum, limiting further gains.Primary support sits near the confluence at the lower ascending channel and nine-day EMA around 0.6931.AUD/USD depreciates after three days of gains, trading around 0.7000 during the early European hours on Friday. Daily chart analysis indicates that the pair is remaining within the ascending channel pattern, indicating a persistent bullish bias.The AUD/USD pair stands firmly above the rising nine-day Exponential Moving Average (EMA) and the 50-day EMA, underscoring a persistent bullish bias. The short-term average accelerates above the medium-term gauge, reinforcing positive momentum.The 14-day Relative Strength Index (RSI) is at 76.86 (overbought), which could precede a pause or a shallow pullback. RSI has cooled from peak extremes but remains overbought, so momentum stays positive even as upside could slow.The AUD/USD pair could test the 0.7094, the highest level since February 2023, which was recorded on January 29. Further advances would support the pair to test the upper boundary of the ascending channel around 0.7140.On the downside, the primary support lies at confluence around the lower ascending channel boundary at the nine-day EMA of 0.6931. A break below the channel and the short-term average would cause the emergence of the bearish bias and put downward pressure on the AUD/USD pair to approach the 50-day EMA at 0.6728.AUD/USD: Daily Chart(The technical analysis of this story was written with the help of an AI tool.) Australian Dollar Price Today The table below shows the percentage change of Australian Dollar (AUD) against listed major currencies today. Australian Dollar was the weakest against the US Dollar. USD EUR GBP JPY CAD AUD NZD CHF USD 0.35% 0.39% 0.55% 0.24% 0.74% 0.51% 0.36% EUR -0.35% 0.05% 0.20% -0.11% 0.40% 0.17% 0.01% GBP -0.39% -0.05% 0.15% -0.15% 0.35% 0.13% -0.04% JPY -0.55% -0.20% -0.15% -0.30% 0.20% -0.05% -0.19% CAD -0.24% 0.11% 0.15% 0.30% 0.50% 0.26% 0.12% AUD -0.74% -0.40% -0.35% -0.20% -0.50% -0.23% -0.39% NZD -0.51% -0.17% -0.13% 0.05% -0.26% 0.23% -0.16% CHF -0.36% -0.01% 0.04% 0.19% -0.12% 0.39% 0.16% The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Australian Dollar from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent AUD (base)/USD (quote).

US stocks mostly fell on Thursday, driven by losses in tech shares as investor concerns over AI capital expenditures resurfaced. European and Asian stock markets traded mixed, notes HSBC.

US stocks mostly fell on Thursday, driven by losses in tech shares as investor concerns over AI capital expenditures resurfaced. European and Asian stock markets traded mixed, notes HSBC.Market overview and key movements"US stocks mostly fell on Thursday, led by losses in tech shares amid renewed investor concerns over hefty AI capex. The S&P 500 ended a volatile session 0.1% lower, while the tech-heavy Nasdaq dropped 0.7%.""The Euro Stoxx 50 lost 0.7%. The German DAX dropped 2.1% on tech stock weakness, while the French CAC closed almost flat (+0.1%).""Japan’s Nikkei 225 ended flat, and Korea’s Kospi rallied 1.0%. Hong Kong’s Hang Seng and China’s Shanghai Composite advanced 0.5% and 0.2%, respectively, as media reports of easing of property sector regulations lifted developer shares. Elsewhere, India’s Sensex was up 0.3%."(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)

France Consumer Spending (MoM) came in at -0.6%, below expectations (-0.4%) in December

France Gross Domestic Product (QoQ) in line with forecasts (0.2%) in 4Q

UOB Group analysts Quek Ser Leang and Lee Sue Ann suggest that EUR/USD could see further strength, potentially reaching 1.2150. The report indicates that as long as the strong support level at 1.1890 holds, the upward momentum remains intact.

UOB Group analysts Quek Ser Leang and Lee Sue Ann suggest that EUR/USD could see further strength, potentially reaching 1.2150. The report indicates that as long as the strong support level at 1.1890 holds, the upward momentum remains intact. The EUR is expected to trade within a range of 1.1920 and 1.2000 in the near term.Potential for further strength in EUR/USD"The sharp spike higher is likely to fuel further EUR strength, potentially to 1.2150.""While upward momentum has since slowed somewhat, we will maintain our view as long as 1.1890 continues to hold."(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)

The USD/CHF pair rebounds to near 0.7685 during the early European session on Friday, bolstered by renewed US Dollar (USD) demand. US President Donald Trump and Senate Democrats struck a deal to avoid a US government shutdown, supporting the Greenback against the Swiss Franc (CHF).

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US President Donald Trump and Senate Democrats struck a deal to avoid a US government shutdown, supporting the Greenback against the Swiss Franc (CHF). The US December Producer Price Index (PPI) data will be in the spotlight later on Friday. The US Senate could vote as soon as Thursday night to approve a government funding package after Democrats reached a deal with US President Donald Trump to strip out the full-year spending bill for the Department of Homeland Security (DHS). The USD edges higher following this headline. However, it is unclear how quickly the House can and will process those funding bills after the Senate passes them. The shutdown deadline is midnight on Friday.Traders will closely monitor the developments surrounding   Trump’s Fed Chair pick on Friday. The US president said late Thursday that he will announce his choice to replace Jerome Powell as the chair of the Federal Reserve (Fed)  on Friday morning. Former Fed Governor Kevin Warsh is increasingly seen as the frontrunner following a reported meeting with Trump at the White House.  On the other hand, renewed concerns over political uncertainty in the United States (US) or rising geopolitical tensions could boost safe-haven currencies such as the Swiss Franc and create a headwind for the pair. The Swiss National Bank (SNB) Chairman Martin Schlegel notes that if the CHF continues to appreciate, it could increase pressure on the central bank. Analysts believe the SNB is likely to adopt a cautious approach and wait for new inflation projections before considering any policy adjustment, while ruling out a return to negative rates for now. Swiss Franc FAQs What key factors drive the Swiss Franc? The Swiss Franc (CHF) is Switzerland’s official currency. It is among the top ten most traded currencies globally, reaching volumes that well exceed the size of the Swiss economy. Its value is determined by the broad market sentiment, the country’s economic health or action taken by the Swiss National Bank (SNB), among other factors. Between 2011 and 2015, the Swiss Franc was pegged to the Euro (EUR). The peg was abruptly removed, resulting in a more than 20% increase in the Franc’s value, causing a turmoil in markets. Even though the peg isn’t in force anymore, CHF fortunes tend to be highly correlated with the Euro ones due to the high dependency of the Swiss economy on the neighboring Eurozone. Why is the Swiss Franc considered a safe-haven currency? The Swiss Franc (CHF) is considered a safe-haven asset, or a currency that investors tend to buy in times of market stress. This is due to the perceived status of Switzerland in the world: a stable economy, a strong export sector, big central bank reserves or a longstanding political stance towards neutrality in global conflicts make the country’s currency a good choice for investors fleeing from risks. Turbulent times are likely to strengthen CHF value against other currencies that are seen as more risky to invest in. How do decisions of the Swiss National Bank impact the Swiss Franc? The Swiss National Bank (SNB) meets four times a year – once every quarter, less than other major central banks – to decide on monetary policy. The bank aims for an annual inflation rate of less than 2%. When inflation is above target or forecasted to be above target in the foreseeable future, the bank will attempt to tame price growth by raising its policy rate. Higher interest rates are generally positive for the Swiss Franc (CHF) as they lead to higher yields, making the country a more attractive place for investors. On the contrary, lower interest rates tend to weaken CHF. How does economic data influence the value of the Swiss Franc? Macroeconomic data releases in Switzerland are key to assessing the state of the economy and can impact the Swiss Franc’s (CHF) valuation. The Swiss economy is broadly stable, but any sudden change in economic growth, inflation, current account or the central bank’s currency reserves have the potential to trigger moves in CHF. Generally, high economic growth, low unemployment and high confidence are good for CHF. Conversely, if economic data points to weakening momentum, CHF is likely to depreciate. How does the Eurozone monetary policy affect the Swiss Franc? As a small and open economy, Switzerland is heavily dependent on the health of the neighboring Eurozone economies. The broader European Union is Switzerland’s main economic partner and a key political ally, so macroeconomic and monetary policy stability in the Eurozone is essential for Switzerland and, thus, for the Swiss Franc (CHF). With such dependency, some models suggest that the correlation between the fortunes of the Euro (EUR) and the CHF is more than 90%, or close to perfect.

South Africa Private Sector Credit climbed from previous 7.79% to 8.74% in December

NZD/USD halts its winning streak that began on January 16, trading around 0.6050 during the Asian hours on Friday. The pair remains subdued following the ANZ – Roy Morgan Consumer Confidence, which climbed to 107.2 in January from 101.5 in December, marking its highest level since August 2021.

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The pair remains subdued following the ANZ – Roy Morgan Consumer Confidence, which climbed to 107.2 in January from 101.5 in December, marking its highest level since August 2021.The NZD/USD pair may regain its ground as the New Zealand Dollar (NZD) could receive support from increased bets of a near-term interest rate hike by the Reserve Bank of New Zealand (RBNZ).Upbeat economic data, led by last week’s inflation upside surprise, has bolstered expectations that the Reserve Bank of New Zealand could begin policy tightening later this year. While the RBNZ is broadly expected to keep rates unchanged in February, markets are increasingly pricing in a hike as early as July, with a strong chance of a move by September.The US dollar (USD) advanced on speculation that President Donald Trump will nominate former Fed Governor Kevin Warsh as the next Federal Reserve chair. Trump said late Thursday he would announce his choice on Friday morning, with markets favoring Warsh, who is seen as a more hawkish option.However, gains in the greenback may be capped as elevated geopolitical tensions and policy uncertainty in Washington weigh on investor confidence. Recent developments include Trump’s threat of tariffs on countries exporting oil to Cuba and warnings to Iran of possible military action unless it agrees to a nuclear deal. New Zealand Dollar FAQs What key factors drive the New Zealand Dollar? The New Zealand Dollar (NZD), also known as the Kiwi, is a well-known traded currency among investors. Its value is broadly determined by the health of the New Zealand economy and the country’s central bank policy. Still, there are some unique particularities that also can make NZD move. The performance of the Chinese economy tends to move the Kiwi because China is New Zealand’s biggest trading partner. Bad news for the Chinese economy likely means less New Zealand exports to the country, hitting the economy and thus its currency. Another factor moving NZD is dairy prices as the dairy industry is New Zealand’s main export. High dairy prices boost export income, contributing positively to the economy and thus to the NZD. How do decisions of the RBNZ impact the New Zealand Dollar? The Reserve Bank of New Zealand (RBNZ) aims to achieve and maintain an inflation rate between 1% and 3% over the medium term, with a focus to keep it near the 2% mid-point. To this end, the bank sets an appropriate level of interest rates. When inflation is too high, the RBNZ will increase interest rates to cool the economy, but the move will also make bond yields higher, increasing investors’ appeal to invest in the country and thus boosting NZD. On the contrary, lower interest rates tend to weaken NZD. The so-called rate differential, or how rates in New Zealand are or are expected to be compared to the ones set by the US Federal Reserve, can also play a key role in moving the NZD/USD pair. How does economic data influence the value of the New Zealand Dollar? Macroeconomic data releases in New Zealand are key to assess the state of the economy and can impact the New Zealand Dollar’s (NZD) valuation. A strong economy, based on high economic growth, low unemployment and high confidence is good for NZD. High economic growth attracts foreign investment and may encourage the Reserve Bank of New Zealand to increase interest rates, if this economic strength comes together with elevated inflation. Conversely, if economic data is weak, NZD is likely to depreciate. How does broader risk sentiment impact the New Zealand Dollar? The New Zealand Dollar (NZD) tends to strengthen during risk-on periods, or when investors perceive that broader market risks are low and are optimistic about growth. This tends to lead to a more favorable outlook for commodities and so-called ‘commodity currencies’ such as the Kiwi. Conversely, NZD tends to weaken at times of market turbulence or economic uncertainty as investors tend to sell higher-risk assets and flee to the more-stable safe havens.

The EUR/USD pair attracts fresh sellers following the previous day's good two-way price swings and retests sub-1.1900 levels during the Asian session on Friday.

.fxs-major-currency-prices-wrapper{border:1px solid #dddedf;background:#fff;margin-bottom:32px;width:100%;float:left}.fxs-major-currency-prices-title{color:#1b1c23;font-size:16px;font-style:italic;font-weight:700;line-height:22.4px;text-transform:uppercase;background:#f3f3f8;padding:8px 16px;margin:0}.fxs-major-currency-prices-content{color:#49494f;font-weight:300;padding:0;font-size:14.72px;line-height:20px;margin:8px 16px}table.fxs-major-currency-prices-currency-prices-table{width:100%;text-align:center;border-collapse:collapse;font-size:1rem}table.fxs-major-currency-prices-currency-prices-table th{background-color:#f2f2f2}table.fxs-major-currency-prices-currency-prices-table td{color:#fff}table.fxs-major-currency-prices-currency-prices-table td.green{background-color:#9cd6cd}table.fxs-major-currency-prices-currency-prices-table td.red{background-color:#faafb5}table.fxs-major-currency-prices-currency-prices-table td.blue-grey{background-color:#888a93}.fxs-major-currency-prices-currency-prices-legend{font-size:11px;margin:8px;color:#49494f}@media (min-width:680px){.fxs-major-currency-prices-content{font-size:16px;line-height:21.6px}.fxs-major-currency-prices-title{font-size:19.2px;line-height:27.2px}}.fxs-major-currency-prices-currency-price td.dark-green{background-color:#39ad9a}.fxs-major-currency-prices-currency-price td.light-green{background-color:#9cd6cd}.fxs-major-currency-prices-currency-price td.gray{background-color:#888a93}.fxs-major-currency-prices-currency-price td.light-red{background-color:#faafb5}.fxs-major-currency-prices-currency-price td.strong-red{background-color:#f55e6a}EUR/USD meets with some supply on Friday amid a modest pickup in the USD demand.The intraday technical setup favors bearish traders and backs the case for further losses.A break below the 38.2% Fibo. level would set the stage for an extension of the downfall.The EUR/USD pair attracts fresh sellers following the previous day's good two-way price swings and retests sub-1.1900 levels during the Asian session on Friday. Spot prices, however, recover around 25 pips from the daily low and currently trade around the 1.1920-1.1925 region, down 0.35% for the day.The US Dollar (USD) gains some positive traction and looks to build on its recovery from a four-year low, touched earlier this week. Meanwhile, the European Central Bank (ECB)  flagged growing concerns over the Euro's (EUR) quick appreciation against the USD, which turns out to be another factor exerting some pressure on the EUR/USD pair.From a technical perspective, intraday weakness below the 100-hour Simple Moving Average (SMA) could be seen as a fresh trigger for the EUR/USD bears. Spot prices, however, showed resilience below the 1.1900 mark and bounced off the 38.2% Fibonacci retracement level of the latest leg up from the monthly swing low, touched last week.Meanwhile, the Moving Average Convergence Divergence (MACD) line slips below the Signal line in negative territory, with a small negative histogram suggesting fading upside momentum. The Relative Strength Index (RSI) sits at 42, reinforcing a consolidative tone and warranting caution before positioning for deeper EUR/USD losses.The 38.2% Fibo. retracement at 1.1892 offers initial support, with the 50% retracement at 1.1832 below. A recovery could target the 23.6% retracement at 1.1967, whereas a break under the initial support would risk extending the pullback from the 1.2080-1.2085 region, or the highest level since June 2021, touched earlier this week.(The technical analysis of this story was written with the help of an AI tool.)EUR/USD 1-hour chart US Dollar Price Today The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the strongest against the Australian Dollar. USD EUR GBP JPY CAD AUD NZD CHF USD 0.25% 0.32% 0.46% 0.16% 0.55% 0.39% 0.29% EUR -0.25% 0.06% 0.22% -0.10% 0.30% 0.14% 0.03% GBP -0.32% -0.06% 0.15% -0.16% 0.24% 0.07% -0.03% JPY -0.46% -0.22% -0.15% -0.31% 0.08% -0.09% -0.19% CAD -0.16% 0.10% 0.16% 0.31% 0.39% 0.22% 0.13% AUD -0.55% -0.30% -0.24% -0.08% -0.39% -0.16% -0.27% NZD -0.39% -0.14% -0.07% 0.09% -0.22% 0.16% -0.11% CHF -0.29% -0.03% 0.03% 0.19% -0.13% 0.27% 0.11% The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote).

USD/INR rebounded after modest losses in the previous session, driven by weak Asian risk sentiment and flow pressures. Traders note the Reserve Bank of India (RBI) remains a key backstop against a move beyond the psychological 92.00 level.

.fxs-major-currency-prices-wrapper{border:1px solid #dddedf;background:#fff;margin-bottom:32px;width:100%;float:left}.fxs-major-currency-prices-title{color:#1b1c23;font-size:16px;font-style:italic;font-weight:700;line-height:22.4px;text-transform:uppercase;background:#f3f3f8;padding:8px 16px;margin:0}.fxs-major-currency-prices-content{color:#49494f;font-weight:300;padding:0;font-size:14.72px;line-height:20px;margin:8px 16px}table.fxs-major-currency-prices-currency-prices-table{width:100%;text-align:center;border-collapse:collapse;font-size:1rem}table.fxs-major-currency-prices-currency-prices-table th{background-color:#f2f2f2}table.fxs-major-currency-prices-currency-prices-table td{color:#fff}table.fxs-major-currency-prices-currency-prices-table td.green{background-color:#9cd6cd}table.fxs-major-currency-prices-currency-prices-table td.red{background-color:#faafb5}table.fxs-major-currency-prices-currency-prices-table td.blue-grey{background-color:#888a93}.fxs-major-currency-prices-currency-prices-legend{font-size:11px;margin:8px;color:#49494f}@media (min-width:680px){.fxs-major-currency-prices-content{font-size:16px;line-height:21.6px}.fxs-major-currency-prices-title{font-size:19.2px;line-height:27.2px}}.fxs-major-currency-prices-currency-price td.dark-green{background-color:#39ad9a}.fxs-major-currency-prices-currency-price td.light-green{background-color:#9cd6cd}.fxs-major-currency-prices-currency-price td.gray{background-color:#888a93}.fxs-major-currency-prices-currency-price td.light-red{background-color:#faafb5}.fxs-major-currency-prices-currency-price td.strong-red{background-color:#f55e6a} .fxs-faq-module-wrapper{border:1px solid #dddedf;background:#fff;margin-bottom:32px;width:100%;float:left;font-family:Roboto,sans-serif}.fxs-faq-module-title{color:#1b1c23;font-size:16px;font-style:italic;font-weight:700;line-height:22.4px;text-transform:uppercase;background:#f3f3f8;padding:8px 16px;margin:0}.fxs-faq-module-container{padding:16px;width:100%;box-sizing:border-box;display:flex;flex-direction:column;gap:12px}.fxs-faq-module-section{padding-bottom:16px;border-bottom:1px solid #ececf1;margin-bottom:0}.fxs-faq-module-section:last-child{border:none;margin-bottom:0}.fxs-faq-module-container input[type=checkbox]{display:none}.fxs-faq-module-header{padding:4px 0;background-color:#fff;border:none;position:relative;cursor:pointer;margin:0}.fxs-faq-module-header label{display:block;cursor:pointer}.fxs-faq-module-header label span{display:block;width:calc(100% - 50px)}.fxs-faq-module-header label:after,.fxs-faq-module-header label:before{content:"";position:absolute;top:50%;right:16px;width:8px;height:2px;background-color:#49494f;transition:all .2s ease-in-out;transition-delay:0}.fxs-faq-module-header label:after{transform:rotate(45deg) translateX(-4px)}.fxs-faq-module-header label:before{transform:rotate(-45deg) translateX(4px)}.fxs-faq-module-header label:after,.fxs-faq-module-header label:before{transition:transform .3s ease-in-out}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-header label:after{transform:rotate(45deg) translateX(4px)}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-header label:before{transform:rotate(-45deg) translateX(-4px)}.fxs-faq-module-content{max-height:0;overflow:hidden;transition:all .3s ease-in-out;color:#49494f;font-weight:300;padding:0;font-size:14.72px;line-height:20px;margin:0}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-content{max-height:1000px;margin-top:8px}@media (min-width:680px){.fxs-faq-module-title{font-size:19.2px;line-height:27.2px}.fxs-faq-module-header{font-size:19.2px;line-height:25.92px}.fxs-faq-module-content{font-size:16px;line-height:21.6px}}USD/INR appreciates due to weak Asian risk sentiment and flow pressures.The Indian Rupee recorded a 92.51 low on Wednesday, pressured by NDF-related dollar buying.The INR faces added pressure from higher dollar demand linked to bullion imports and persistent equity outflows.USD/INR rebounded after modest losses in the previous session, driven by weak Asian risk sentiment and flow pressures. Traders note the Reserve Bank of India (RBI) remains a key backstop against a move beyond the psychological 92.00 level.The Indian Rupee (INR) hit a record of 92.51 against the US Dollar (USD) on Wednesday, weighed down by dollar buying linked to NDF maturities and a chronic demand–supply imbalance.The INR faces additional pressure due to higher dollar demand tied to bullion imports, persistent equity outflows, and rising depreciation expectations, while slow exporter hedging continued to limit dollar supply.Most economists polled by Reuters expect the Reserve Bank of India (RBI) to keep its key policy rate at 5.25% through 2026, as the central bank evaluates the economic impact of previous interest rate cuts.US Dollar gains on a strong dollar policyThe US Dollar Index (DXY), which measures the value of the US Dollar against six major currencies, has recovered its recent losses from the previous session and is trading around 96.50 at the time of writing.Bloomberg reported late Thursday that US President Donald Trump said that he will announce his choice to replace Jerome Powell as the chair of the Federal Reserve (Fed) on Friday morning. Trump said that his pick will do a "good job" and that he wants the US central bank to cut rates when there are signs of economic growth.The Greenback found support after Treasury Secretary Scott Bessent reaffirmed the US commitment to a “strong dollar policy,” pushing back against earlier comments from US President Donald Trump that suggested tolerance for a weaker currency. Bessent stressed that solid US fundamentals and sound policy settings should continue to draw capital inflows, rejecting speculation of any US intervention to sell dollars against the Japanese Yen (JPY).The US Federal Reserve (Fed) decided to keep interest rates unchanged at its January meeting on Wednesday, pointing to still-elevated inflation and resilient economic growth.Fed Chair Jerome Powell noted during the post-meeting press conference that job gains have moderated and the unemployment rate has shown signs of stabilization, adding that the Fed is “well positioned” to assess incoming data on a meeting-by-meeting basis and remains off a preset path for future rate decisions.Morgan Stanley analysts said in a note that further policy easing largely hinges on clear evidence of disinflation, which they expect to emerge later in 2026. As a result, they maintain their forecast for rate cuts in June and September.US President Donald Trump would soon announce his nominee to replace Fed Chair Jerome Powell, fueling speculation that the next chair could favor faster interest rate cuts.Indian Prime Minister Narendra Modi’s government has agreed to immediately cut duties on select vehicles priced above EUR 15,000, with rates set to gradually fall to 10%, easing market access for automakers such as Volkswagen, Mercedes-Benz, and BMW.USD/INR hovers around 92.00 amid persistent bullish momentumUSD/INR is trading around 92.10 at the time of writing. Daily chart analysis points to a sustained bullish bias, with the pair remaining within an ascending channel pattern. However, the 14-day Relative Strength Index (RSI) at 69.72 sits just below the overbought threshold, confirming firm bullish momentum.The nine-day Exponential Moving Average (EMA) stands above the 50-day EMA, with the short-term average rising and maintaining upside pressure. The expanding separation between them supports a continuation of the trend.The initial resistance is seen at the January 28 all-time high of 92.51. A break above this level would support the USD/INR pair to approach the upper boundary of the ascending channel near 93.60. On the downside, the immediate support lies at the lower channel support around 92.00, followed by the nine-day Exponential Moving Average (EMA) at 91.71. Further declines would expose the 50-day EMA at 90.46.USD/INR: Daily Chart(The technical analysis of this story was written with the help of an AI tool.) US Dollar Price Today The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the strongest against the Australian Dollar. USD EUR GBP JPY CAD AUD NZD INR USD 0.36% 0.40% 0.52% 0.24% 0.66% 0.51% 0.06% EUR -0.36% 0.04% 0.15% -0.10% 0.30% 0.15% -0.30% GBP -0.40% -0.04% 0.13% -0.17% 0.26% 0.11% -0.35% JPY -0.52% -0.15% -0.13% -0.28% 0.14% -0.02% -0.44% CAD -0.24% 0.10% 0.17% 0.28% 0.42% 0.26% -0.19% AUD -0.66% -0.30% -0.26% -0.14% -0.42% -0.15% -0.60% NZD -0.51% -0.15% -0.11% 0.02% -0.26% 0.15% -0.46% INR -0.06% 0.30% 0.35% 0.44% 0.19% 0.60% 0.46% The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote). Indian Rupee FAQs What are the key factors driving the Indian Rupee? The Indian Rupee (INR) is one of the most sensitive currencies to external factors. The price of Crude Oil (the country is highly dependent on imported Oil), the value of the US Dollar – most trade is conducted in USD – and the level of foreign investment, are all influential. Direct intervention by the Reserve Bank of India (RBI) in FX markets to keep the exchange rate stable, as well as the level of interest rates set by the RBI, are further major influencing factors on the Rupee. How do the decisions of the Reserve Bank of India impact the Indian Rupee? The Reserve Bank of India (RBI) actively intervenes in forex markets to maintain a stable exchange rate, to help facilitate trade. In addition, the RBI tries to maintain the inflation rate at its 4% target by adjusting interest rates. Higher interest rates usually strengthen the Rupee. This is due to the role of the ‘carry trade’ in which investors borrow in countries with lower interest rates so as to place their money in countries’ offering relatively higher interest rates and profit from the difference. What macroeconomic factors influence the value of the Indian Rupee? Macroeconomic factors that influence the value of the Rupee include inflation, interest rates, the economic growth rate (GDP), the balance of trade, and inflows from foreign investment. A higher growth rate can lead to more overseas investment, pushing up demand for the Rupee. A less negative balance of trade will eventually lead to a stronger Rupee. Higher interest rates, especially real rates (interest rates less inflation) are also positive for the Rupee. A risk-on environment can lead to greater inflows of Foreign Direct and Indirect Investment (FDI and FII), which also benefit the Rupee. How does inflation impact the Indian Rupee? Higher inflation, particularly, if it is comparatively higher than India’s peers, is generally negative for the currency as it reflects devaluation through oversupply. Inflation also increases the cost of exports, leading to more Rupees being sold to purchase foreign imports, which is Rupee-negative. At the same time, higher inflation usually leads to the Reserve Bank of India (RBI) raising interest rates and this can be positive for the Rupee, due to increased demand from international investors. The opposite effect is true of lower inflation.

The AUD/JPY cross drifts lower near 107.70 during the early European session on Friday. The expectations of coordinated US-Japan intervention could provide some support to the Japanese Yen (JPY) against the Australian Dollar (AUD).

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The expectations of coordinated US-Japan intervention could provide some support to the Japanese Yen (JPY) against the Australian Dollar (AUD). Japan’s Prime Minister Sanae Takaichi warned last week that officials stand ready to take necessary steps against speculative and highly abnormal market moves.On the other hand, the upside for the JPY might be limited as softer-than-expected Japan’s Tokyo Consumer Price Index (CPI) trims near-term Bank of Japan (BoJ) hike expectations. Data released by the Statistics Bureau of Japan on Friday revealed that the headline Tokyo CPI rose 1.5% YoY in January, the slowest pace since March 2022, compared to 2.0% in the previous month. Meanwhile, Tokyo Core CPI inflation eased to 2.0% year-on-year in January,  the slowest pace since October 2024, down from a 2.3% increase in December and below market expectations of 2.2%. This report reinforces expectations that the Japanese central bank will remain cautious on further rate hikes.Technical Analysis:In the daily chart, AUD/JPY holds well above the rising 20-day SMA and the 100-day EMA, underscoring an entrenched bullish trend. Both averages slope higher, confirming upward bias and providing dynamic support. RSI at 63.64 remains in positive territory after easing from prior overbought readings, signaling vigorous yet moderated momentum. Immediate resistance emerges at the upper Bollinger Band at 108.35, while first support aligns with the middle band at 106.45. A daily close above resistance could extend gains, whereas a pause there would favor a pullback toward the mid-band.Price hovers near the upper Bollinger Band, indicating persistent bullish pressure and stretched conditions. The bands have widened in recent sessions, flagging rising volatility and momentum. The 20-day SMA continues to ascend, keeping a supportive tone on pullbacks, while the 100-day EMA far below anchors the broader uptrend. (The technical analysis of this story was written with the help of an AI tool.) Japanese Yen FAQs What key factors drive the Japanese Yen? The Japanese Yen (JPY) is one of the world’s most traded currencies. Its value is broadly determined by the performance of the Japanese economy, but more specifically by the Bank of Japan’s policy, the differential between Japanese and US bond yields, or risk sentiment among traders, among other factors. How do the decisions of the Bank of Japan impact the Japanese Yen? One of the Bank of Japan’s mandates is currency control, so its moves are key for the Yen. The BoJ has directly intervened in currency markets sometimes, generally to lower the value of the Yen, although it refrains from doing it often due to political concerns of its main trading partners. The BoJ ultra-loose monetary policy between 2013 and 2024 caused the Yen to depreciate against its main currency peers due to an increasing policy divergence between the Bank of Japan and other main central banks. More recently, the gradually unwinding of this ultra-loose policy has given some support to the Yen. How does the differential between Japanese and US bond yields impact the Japanese Yen? Over the last decade, the BoJ’s stance of sticking to ultra-loose monetary policy has led to a widening policy divergence with other central banks, particularly with the US Federal Reserve. This supported a widening of the differential between the 10-year US and Japanese bonds, which favored the US Dollar against the Japanese Yen. The BoJ decision in 2024 to gradually abandon the ultra-loose policy, coupled with interest-rate cuts in other major central banks, is narrowing this differential. How does broader risk sentiment impact the Japanese Yen? The Japanese Yen is often seen as a safe-haven investment. This means that in times of market stress, investors are more likely to put their money in the Japanese currency due to its supposed reliability and stability. Turbulent times are likely to strengthen the Yen’s value against other currencies seen as more risky to invest in.

Japan Housing Starts (YoY) came in at 1.3%, above forecasts (-4.1%) in December

Japan Annualized Housing Starts rose from previous 0.718M to 0.771M in December

Japan Construction Orders (YoY) up to 20.2% in December from previous 9.5%

Gold (XAU/USD) is witnessing heavy liquidation for the second straight day on Friday, following the parabolic rise of more than 25% since the beginning of this month and a series of record highs set over the past two weeks or so.

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The US Dollar (USD) gains some positive traction amid the optimism over a Senate deal to fund the federal government through the remainder of the fiscal year. This helps ease near-term political uncertainty and turns out to be a key factor undermining the safe-haven precious metal.However, the risk of the Federal Reserve (Fed) losing its independence, along with prospects for lower US interest rates, might keep a lid on any meaningful USD appreciation and support the lower-yielding Gold. Moreover, US President Donald Trump's tariff threats and persistent geopolitical uncertainties might continue to weigh on investors' sentiment, which should further contribute to limiting losses for the bullion. This warrants some caution before confirming that the XAU/USD pair has topped out.Daily Digest Market Movers: Gold is pressured by the optimism over the government funding deal, modest USD strengthDemocrats and the White House have struck a deal to temporarily fund the Department of Homeland Security as lawmakers rush to pass the spending package by Friday to avoid a partial US government shutdown. The US Dollar gets a minor boost in reaction to the news, prompting fresh selling around the Gold during the Asian session on Friday.Meanwhile, US President Donald Trump said on Thursday that he wanted to avoid using military force against Iran, further boosting investors' confidence. Market players, however, remain on edge amid Trump's threat to impose 50% tariffs on Canada-made aircraft until American-made Gulfstream jets receive certification in Canada.Trump took another jab at Federal Reserve Chairman Jerome Powell and said on Truth Social that the US central bank should substantially lower interest rates. The Fed, however, resisted the unprecedented political pressure and decided to leave rates unchanged on Wednesday while signaling that it would continue to adopt a cautious approach.Trump said that he will announce his choice to replace Jerome Powell as the next Fed chair on Friday morning amid the rising probability of Kevin Warsh's appointment. Nevertheless, investors remain worried about the freedom of monetary authorities from direct political interference in formulating policies, which should cap any further USD gains.On the geopolitical front, the US continues to deploy warships and fighter jets across the Middle East. Adding to this, US Secretary of War Pete Hegseth stated that America is fully prepared to act decisively under President Trump’s orders. This, in turn, raises the risk of a military confrontation and could also benefit the safe-haven commodity.Separately, Russia had reiterated its invitation for Ukrainian President Volodymyr Zelensky to come to Moscow for peace talks, though a deal remains elusive amid profound differences between the two countries' negotiating stances. In fact, Ukraine outright rejected Russia's demand to cede all of the Donbas region to end the nearly four-year war.Traders now look forward to the release of the US Producer Price Index (PPI), due later during the North American session. Apart from this, comments from influential FOMC members and the new Fed chair announcement will play a key role in driving the USD demand, which, in turn, should provide a fresh impetus to the non-yielding yellow metal.Gold needs to break through the ascending trend line and $5,100 to back case for further losses
The Moving Average Convergence Divergence (MACD) line on the 4-hour chart has slipped below the Signal line, and both stand beneath zero; the widening negative histogram suggests building bearish pressure. That said, the Relative Strength Index (RSI) at 50 tempers conviction, keeping momentum balanced near key supports. A rising trend line from $4,526.24 underpins the structure, offering support at $5,174.74; a sustained bounce from that area could reassert the recovery, while a close below it would expose deeper retracement levels.Measured from the $4,261.33 low to the $5,594.20 high, the 38.2% retracement at $5,085.05 offers first support, with the 50% retracement at $4,927.77 below. If bears press through trend-line support, focus would shift to the 38.2% retracement, while a recovery could target the 23.6% retracement at $5,279.64; with MACD weak and RSI neutral, upside would need improving momentum to overcome nearby barriers.(The technical analysis of this story was written with the help of an AI tool.) Gold FAQs Why do people invest in Gold? Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government. Who buys the most Gold? Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves. How is Gold correlated with other assets? Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal. What does the price of Gold depend on? The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.

Gold prices fell in India on Friday, according to data compiled by FXStreet.

.fxs-faq-module-wrapper{border:1px solid #dddedf;background:#fff;margin-bottom:32px;width:100%;float:left;font-family:Roboto,sans-serif}.fxs-faq-module-title{color:#1b1c23;font-size:16px;font-style:italic;font-weight:700;line-height:22.4px;text-transform:uppercase;background:#f3f3f8;padding:8px 16px;margin:0}.fxs-faq-module-container{padding:16px;width:100%;box-sizing:border-box;display:flex;flex-direction:column;gap:12px}.fxs-faq-module-section{padding-bottom:16px;border-bottom:1px solid #ececf1;margin-bottom:0}.fxs-faq-module-section:last-child{border:none;margin-bottom:0}.fxs-faq-module-container input[type=checkbox]{display:none}.fxs-faq-module-header{padding:4px 0;background-color:#fff;border:none;position:relative;cursor:pointer;margin:0}.fxs-faq-module-header label{display:block;cursor:pointer}.fxs-faq-module-header label span{display:block;width:calc(100% - 50px)}.fxs-faq-module-header label:after,.fxs-faq-module-header label:before{content:"";position:absolute;top:50%;right:16px;width:8px;height:2px;background-color:#49494f;transition:all .2s ease-in-out;transition-delay:0}.fxs-faq-module-header label:after{transform:rotate(45deg) translateX(-4px)}.fxs-faq-module-header label:before{transform:rotate(-45deg) translateX(4px)}.fxs-faq-module-header label:after,.fxs-faq-module-header label:before{transition:transform .3s ease-in-out}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-header label:after{transform:rotate(45deg) translateX(4px)}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-header label:before{transform:rotate(-45deg) translateX(-4px)}.fxs-faq-module-content{max-height:0;overflow:hidden;transition:all .3s ease-in-out;color:#49494f;font-weight:300;padding:0;font-size:14.72px;line-height:20px;margin:0}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-content{max-height:1000px;margin-top:8px}@media (min-width:680px){.fxs-faq-module-title{font-size:19.2px;line-height:27.2px}.fxs-faq-module-header{font-size:19.2px;line-height:25.92px}.fxs-faq-module-content{font-size:16px;line-height:21.6px}} Gold prices fell in India on Friday, according to data compiled by FXStreet.The price for Gold stood at 15,451.65 Indian Rupees (INR) per gram, down compared with the INR 15,972.87 it cost on Thursday.The price for Gold decreased to INR 180,233.00 per tola from INR 186,304.40 per tola a day earlier.Unit measureGold Price in INR1 Gram15,451.6510 Grams154,523.30Tola180,233.00Troy Ounce480,614.30FXStreet calculates Gold prices in India by adapting international prices (USD/INR) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of publication. Prices are just for reference and local rates could diverge slightly. Gold FAQs Why do people invest in Gold? Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government. Who buys the most Gold? Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves. How is Gold correlated with other assets? Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal. What does the price of Gold depend on? The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up. (An automation tool was used in creating this post.)

The GBP/USD pair attracts some sellers near 1.3760 during the early European session on Friday. The US Dollar (USD) edges higher against the Pound Sterling (GBP) after US President Donald Trump and Senate Democrats struck a deal to avoid a US government shutdown.

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The US Dollar (USD) edges higher against the Pound Sterling (GBP) after US President Donald Trump and Senate Democrats struck a deal to avoid a US government shutdown. Traders will keep an eye on the US Producer Price Index (PPI) data later on Friday. The US Senate could vote as soon as Thursday night to approve a government funding package after Democrats reached a deal with Trump to strip out the full-year spending bill for the Department of Homeland Security (DHS). The Greenback gains ground against the GBP in an immediate reaction to this headline. Trump said on Thursday he planned to announce his pick to replace Federal Reserve (Fed) Chair Jerome Powell on Friday, with speculation intensifying that the nod will go to former Fed governor Kevin Warsh. "So overall, the market reaction, it's been positive for the U.S. dollar because a Warsh appointment would not only play to the view that Fed independence will be protected, it would also play to the view that whilst some reforms should be expected, it's not going to really dramatically change the Fed. And in particular, it's also not going to necessarily mean that now we have a Fed that is at the whims of what President Trump or any other president would like them to do,” said Rodrigo Catril, Senior FX Strategist, ‌National Australia ‌Bank, Sydney. The Bank of England (BoE) is expected to hold interest rates steady at 3.75% when policymakers meet next week, following a 25 basis points (bps) cut announced in the December policy meeting. Economists anticipate the next rate reduction to occur in April or June at the earliest, with an end-of-year rate projection of around 3.0% to 3.25%. Pound Sterling FAQs What is the Pound Sterling? The Pound Sterling (GBP) is the oldest currency in the world (886 AD) and the official currency of the United Kingdom. It is the fourth most traded unit for foreign exchange (FX) in the world, accounting for 12% of all transactions, averaging $630 billion a day, according to 2022 data. Its key trading pairs are GBP/USD, also known as ‘Cable’, which accounts for 11% of FX, GBP/JPY, or the ‘Dragon’ as it is known by traders (3%), and EUR/GBP (2%). The Pound Sterling is issued by the Bank of England (BoE). How do the decisions of the Bank of England impact on the Pound Sterling? The single most important factor influencing the value of the Pound Sterling is monetary policy decided by the Bank of England. The BoE bases its decisions on whether it has achieved its primary goal of “price stability” – a steady inflation rate of around 2%. Its primary tool for achieving this is the adjustment of interest rates. When inflation is too high, the BoE will try to rein it in by raising interest rates, making it more expensive for people and businesses to access credit. This is generally positive for GBP, as higher interest rates make the UK a more attractive place for global investors to park their money. When inflation falls too low it is a sign economic growth is slowing. In this scenario, the BoE will consider lowering interest rates to cheapen credit so businesses will borrow more to invest in growth-generating projects. How does economic data influence the value of the Pound? Data releases gauge the health of the economy and can impact the value of the Pound Sterling. Indicators such as GDP, Manufacturing and Services PMIs, and employment can all influence the direction of the GBP. A strong economy is good for Sterling. Not only does it attract more foreign investment but it may encourage the BoE to put up interest rates, which will directly strengthen GBP. Otherwise, if economic data is weak, the Pound Sterling is likely to fall. How does the Trade Balance impact the Pound? Another significant data release for the Pound Sterling is the Trade Balance. This indicator measures the difference between what a country earns from its exports and what it spends on imports over a given period. If a country produces highly sought-after exports, its currency will benefit purely from the extra demand created from foreign buyers seeking to purchase these goods. Therefore, a positive net Trade Balance strengthens a currency and vice versa for a negative balance.

New Zealand ANZ – Roy Morgan Consumer Confidence up to 107.2 in January from previous 101.5

West Texas Intermediate (WTI) Oil price depreciates after three days of gains, trading around $64.00 per barrel during the Asian hours on Friday. However, WTI stayed on track for roughly 12% monthly gains, underpinned by a rising geopolitical risk premium.

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However, WTI stayed on track for roughly 12% monthly gains, underpinned by a rising geopolitical risk premium.Geopolitical risks stayed elevated after Iran warned it would “defend itself and respond like never before” in reaction to fresh threats from US President Donald Trump, who urged Tehran to enter nuclear talks. Iran cautioned that it would retaliate if provoked.Tensions intensified further after the European Union designated Iran’s Islamic Revolutionary Guard Corps as a terrorist organization. Adding to the strain, reports suggested the US was increasing its military presence near Iran, while Tehran announced live-fire military drills in the strategically critical Strait of Hormuz, amplifying concerns over regional security.Markets are focused on how these tensions could affect shipping through the Strait of Hormuz, a vital chokepoint between Iran and the Arabian Peninsula through which crude Oil and LNG tankers transit daily. Westpac Strategy Group said regime change in Iran would likely be chaotic, unlike the US-led removal of Maduro or surgical strikes on Fordow, according to Dow Jones Newswires.The Trump administration loosened some sanctions on Venezuela’s Oil industry on Thursday to attract US investment after President Nicolas Maduro was removed earlier this month. The US Treasury approved transactions involving Venezuela’s government and state-run PDVSA, enabling US companies to produce, sell, transport, and refine Venezuelan-origin Oil.Earlier this month, Oil prices also found support from production outages in Kazakhstan, US freeze-offs, and tighter US curbs on Russian Oil purchases, helping lift prices this year despite expectations of oversupply. WTI Oil FAQs What is WTI Oil? WTI Oil is a type of Crude Oil sold on international markets. The WTI stands for West Texas Intermediate, one of three major types including Brent and Dubai Crude. WTI is also referred to as “light” and “sweet” because of its relatively low gravity and sulfur content respectively. It is considered a high quality Oil that is easily refined. It is sourced in the United States and distributed via the Cushing hub, which is considered “The Pipeline Crossroads of the World”. It is a benchmark for the Oil market and WTI price is frequently quoted in the media. What factors drive the price of WTI Oil? Like all assets, supply and demand are the key drivers of WTI Oil price. As such, global growth can be a driver of increased demand and vice versa for weak global growth. Political instability, wars, and sanctions can disrupt supply and impact prices. The decisions of OPEC, a group of major Oil-producing countries, is another key driver of price. The value of the US Dollar influences the price of WTI Crude Oil, since Oil is predominantly traded in US Dollars, thus a weaker US Dollar can make Oil more affordable and vice versa. How does inventory data impact the price of WTI Oil The weekly Oil inventory reports published by the American Petroleum Institute (API) and the Energy Information Agency (EIA) impact the price of WTI Oil. Changes in inventories reflect fluctuating supply and demand. If the data shows a drop in inventories it can indicate increased demand, pushing up Oil price. Higher inventories can reflect increased supply, pushing down prices. API’s report is published every Tuesday and EIA’s the day after. Their results are usually similar, falling within 1% of each other 75% of the time. The EIA data is considered more reliable, since it is a government agency. How does OPEC influence the price of WTI Oil? OPEC (Organization of the Petroleum Exporting Countries) is a group of 12 Oil-producing nations who collectively decide production quotas for member countries at twice-yearly meetings. Their decisions often impact WTI Oil prices. When OPEC decides to lower quotas, it can tighten supply, pushing up Oil prices. When OPEC increases production, it has the opposite effect. OPEC+ refers to an expanded group that includes ten extra non-OPEC members, the most notable of which is Russia.

The Japanese Yen (JPY) attracts fresh sellers during the Asian session after data released this Friday showed that consumer inflation in Tokyo – Japan's capital city – fell sharply to a nearly four-year low in January. This eases pressure on the Bank of Japan (BoJ) to raise interest rates soon.

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This eases pressure on the Bank of Japan (BoJ) to raise interest rates soon. Furthermore, worries about Japan's financial health amid Prime Minister Sanae Takaichi's reflationary policies and political uncertainty ahead of the snap election on February 8 undermine the JPY. This, along with a modest US Dollar (USD) strength, lifts the USD/JPY pair closer to the 154.00 mark and the 100-day Simple Moving Average (SMA) pivotal resistance.However, expectations of coordinated US-Japan intervention to strengthen the JPY might hold back bearish traders from placing aggressive bets. Meanwhile, trade uncertainties fueled by US President Donald Trump's tariff threats and geopolitical risks keep a lid on the recent optimism. This is evident from the cautious mood around the equity markets, which might further contribute to limiting losses for the safe-haven JPY. The USD, on the other hand, might struggle to attract any meaningful buyers amid bets for more rate cuts by the US Federal Reserve (Fed) and concerns about the central bank's independence. This, in turn, might cap the USD/JPY pair.Japanese Yen is pressured by weak Tokyo CPI report, fiscal health concerns and political uncertaintyA government report released earlier this Friday showed that the headline Consumer Price Index (CPI) in Tokyo – Japan's capital city – fell from 2.0% prior to 1.5% in January, marking its weakest reading since February 2022.Adding to this, core CPI, which excludes volatile fresh food prices, declined to 2% from 2.3% in December, while a gauge that excludes both fresh food and energy prices eased to 2.4% in January from 2.6% in the previous month.The data points to softer demand-driven price pressure and reduces the urgency for the Bank of Japan to tighten its monetary policy further, following December’s decision to raise the benchmark rate to 0.75%, or a 30-year high.Japan's Prime Minister Sanae Takaichi is basing her snap election campaign on expanded stimulus measures and has pledged to suspend the consumption tax on food, raising concerns about the country's fiscal sustainability.Chatter of an unusual rate check by the New York Federal Reserve last Friday followed a similar move from Japan’s Ministry of Finance, raising the chance of a joint US-Japan intervention to stem weakness in the Japanese Yen.US President Donald Trump on Thursday announced plans to decertify all Canada-made aircraft and warned of imposing 50% tariffs on such planes until American-made Gulfstream jets receive certification in Canada.This marks a fresh escalation of tensions between the two North American countries, which, along with rising US-Iran tensions and the protracted Russia-Ukraine war, should contribute to limiting losses for the safe-haven JPY.In fact, the US continues to deploy warships and fighter jets across the Middle East. Adding to this, US Secretary of War Pete Hegseth stated that America is fully prepared to act decisively under President Trump’s orders.Russia had reiterated its invitation for Ukrainian President Volodymyr Zelensky to come to Moscow for peace talks, though a deal remains elusive amid profound differences between the two countries' negotiating stances.Meanwhile, the US Dollar gets a minor lift amid rumors that Kevin Warsh will be the new Fed Chair, further lending support to the USD/JPY pair. Trump will announce his pick for the next Fed chair on Friday morning.Traders will further take cues from the release of the US Producer Price Index (PPI), which, along with Fed speak, would drive the USD demand and provide some impetus to the USD/JPY pair heading into the weekend.USD/JPY bulls await sustained move and acceptance above 100-day SMA before placing fresh betsThe 100-day Simple Moving Average (SMA) continues to rise to 153.98, while the USD/JPY pair holds just beneath it, keeping the near-term tone heavy against an otherwise upward-sloping trend filter. A recovery above this dynamic barrier would stabilize the outlook.The Moving Average Convergence Divergence (MACD) stays in negative territory, and its recent contraction hints at easing downside pressure. The Relative Strength Index (RSI) prints 37.81, below the 50 midline but recovering from prior oversold territory, suggesting bearish momentum is moderating.Measured from the 159.13 high to the 152.07 low, the 38.2% Fibonacci retracement level at 154.77 should cap initial rebounds. A daily close above the latter would improve the recovery profile and could extend gains as momentum normalizes, whereas failure to clear the said barrier would keep rallies contained and maintain a cautious bias.(The technical analysis of this story was written with the help of an AI tool.) Economic Indicator Tokyo CPI ex Food, Energy (YoY) The Tokyo Consumer Price Index (CPI), released by the Statistics Bureau of Japan on a monthly basis, measures the price fluctuation of goods and services purchased by households in the Tokyo region. The index is widely considered as a leading indicator of Japan’s overall CPI as it is published weeks before the nationwide reading. The gauge excluding food and energy is widely used to measure underlying inflation trends as these two components are more volatile. The YoY reading compares prices in the reference month to the same month a year earlier. Generally, a high reading is seen as bullish for the Japanese Yen (JPY), while a low reading is seen as bearish. Read more. Last release: Thu Jan 29, 2026 23:30 Frequency: Monthly Actual: 2% Consensus: 2.2% Previous: 2.3% Source: Statistics Bureau of Japan

The USD/CAD pair recovers some lost ground to near 1.3520 during the Asian trading hours on Friday. The US Dollar (USD) strengthens against the Canadian Dollar (CAD) ahead of US President Donald Trump’s Federal Reserve (Fed) chair announcement.

.fxs-faq-module-wrapper{border:1px solid #dddedf;background:#fff;margin-bottom:32px;width:100%;float:left;font-family:Roboto,sans-serif}.fxs-faq-module-title{color:#1b1c23;font-size:16px;font-style:italic;font-weight:700;line-height:22.4px;text-transform:uppercase;background:#f3f3f8;padding:8px 16px;margin:0}.fxs-faq-module-container{padding:16px;width:100%;box-sizing:border-box;display:flex;flex-direction:column;gap:12px}.fxs-faq-module-section{padding-bottom:16px;border-bottom:1px solid #ececf1;margin-bottom:0}.fxs-faq-module-section:last-child{border:none;margin-bottom:0}.fxs-faq-module-container input[type=checkbox]{display:none}.fxs-faq-module-header{padding:4px 0;background-color:#fff;border:none;position:relative;cursor:pointer;margin:0}.fxs-faq-module-header label{display:block;cursor:pointer}.fxs-faq-module-header label span{display:block;width:calc(100% - 50px)}.fxs-faq-module-header label:after,.fxs-faq-module-header label:before{content:"";position:absolute;top:50%;right:16px;width:8px;height:2px;background-color:#49494f;transition:all .2s ease-in-out;transition-delay:0}.fxs-faq-module-header label:after{transform:rotate(45deg) translateX(-4px)}.fxs-faq-module-header label:before{transform:rotate(-45deg) translateX(4px)}.fxs-faq-module-header label:after,.fxs-faq-module-header label:before{transition:transform .3s ease-in-out}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-header label:after{transform:rotate(45deg) translateX(4px)}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-header label:before{transform:rotate(-45deg) translateX(-4px)}.fxs-faq-module-content{max-height:0;overflow:hidden;transition:all .3s ease-in-out;color:#49494f;font-weight:300;padding:0;font-size:14.72px;line-height:20px;margin:0}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-content{max-height:1000px;margin-top:8px}@media (min-width:680px){.fxs-faq-module-title{font-size:19.2px;line-height:27.2px}.fxs-faq-module-header{font-size:19.2px;line-height:25.92px}.fxs-faq-module-content{font-size:16px;line-height:21.6px}}USD/CAD gains traction around 1.3520 in Friday’s Asian session. Trump threatened a 50% aircraft tariff on Canada over a jet certification fight. Traders await Trump’s Fed Chair pick on Friday morning. The USD/CAD pair recovers some lost ground to near 1.3520 during the Asian trading hours on Friday. The US Dollar (USD) strengthens against the Canadian Dollar (CAD) ahead of US President Donald Trump’s Federal Reserve (Fed) chair announcement. The US Producer Price Index (PPI) report will be released later on Friday.  Trump on Thursday threatened to impose a 50% tariff on all aircraft sold from Canada into the United States (US), accusing Canada of unfairly blocking certification of Gulfstream business jets. Renewed trade tensions and uncertainty could weigh on the Loonie and act as a tailwind for the pair in the near term.Trump said late Thursday that he will announce his choice to replace Jerome Powell as the chair of the Federal Reserve (Fed)  on Friday morning, per Bloomberg. Former Fed Governor Kevin Warsh is increasingly seen as the frontrunner following a reported meeting with Trump at the White House. Traders will closely monitor the developments surrounding potential implications for Fed independence and the interest rate outlook. The Wall Street Journal reported on Thursday that Trump and Senate Democrats struck a deal that could avert a government shutdown and buy more time to negotiate restrictions on the administration’s immigration crackdown. Market concerns eased after this headline, which lifted the Greenback against the CAD. Nonetheless, it is unclear how quickly the House can and will process those funding bills after the Senate passes them. The shutdown deadline is midnight on Friday. The Greenback’s rebound may prove short-lived if market concerns resume, particularly over the Fed’s independence and the risk of a US government shutdown, which could continue to weigh on the USD.  Canadian Dollar FAQs What key factors drive the Canadian Dollar? The key factors driving the Canadian Dollar (CAD) are the level of interest rates set by the Bank of Canada (BoC), the price of Oil, Canada’s largest export, the health of its economy, inflation and the Trade Balance, which is the difference between the value of Canada’s exports versus its imports. Other factors include market sentiment – whether investors are taking on more risky assets (risk-on) or seeking safe-havens (risk-off) – with risk-on being CAD-positive. As its largest trading partner, the health of the US economy is also a key factor influencing the Canadian Dollar. How do the decisions of the Bank of Canada impact the Canadian Dollar? The Bank of Canada (BoC) has a significant influence on the Canadian Dollar by setting the level of interest rates that banks can lend to one another. This influences the level of interest rates for everyone. The main goal of the BoC is to maintain inflation at 1-3% by adjusting interest rates up or down. Relatively higher interest rates tend to be positive for the CAD. The Bank of Canada can also use quantitative easing and tightening to influence credit conditions, with the former CAD-negative and the latter CAD-positive. How does the price of Oil impact the Canadian Dollar? The price of Oil is a key factor impacting the value of the Canadian Dollar. Petroleum is Canada’s biggest export, so Oil price tends to have an immediate impact on the CAD value. Generally, if Oil price rises CAD also goes up, as aggregate demand for the currency increases. The opposite is the case if the price of Oil falls. Higher Oil prices also tend to result in a greater likelihood of a positive Trade Balance, which is also supportive of the CAD. How does inflation data impact the value of the Canadian Dollar? While inflation had always traditionally been thought of as a negative factor for a currency since it lowers the value of money, the opposite has actually been the case in modern times with the relaxation of cross-border capital controls. Higher inflation tends to lead central banks to put up interest rates which attracts more capital inflows from global investors seeking a lucrative place to keep their money. This increases demand for the local currency, which in Canada’s case is the Canadian Dollar. How does economic data influence the value of the Canadian Dollar? Macroeconomic data releases gauge the health of the economy and can have an impact on the Canadian Dollar. Indicators such as GDP, Manufacturing and Services PMIs, employment, and consumer sentiment surveys can all influence the direction of the CAD. A strong economy is good for the Canadian Dollar. Not only does it attract more foreign investment but it may encourage the Bank of Canada to put up interest rates, leading to a stronger currency. If economic data is weak, however, the CAD is likely to fall.

Silver price (XAG/USD) halts its seven-day winning streak, trading around 113.30 during the Asian hours on Friday.

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The precious metal retreated from its fresh record high of 121.66, reached on January 29, as profit-taking set in, though prices remained on track for over 60% monthly gains amid elevated economic and geopolitical uncertainty.Geopolitical risks remained elevated after Iran warned it would “defend itself and respond like never before” following fresh threats from President Trump. Tensions escalated further as the European Union designated Iran’s Islamic Revolutionary Guard Corps a terrorist organization.Reports also pointed to the US boosting its military presence near Iran, while Tehran announced live-fire military drills in the strategically vital Strait of Hormuz, heightening concerns over regional security.Silver’s safe-haven rally was fueled by fading confidence in US assets after President Donald Trump downplayed the dollar’s four-year low while escalating tariff threats and criticizing the Federal Reserve (Fed).US President Donald Trump plans to announce his choice to replace Fed Chair Jerome Powell on Friday morning. Trump said his nominee would do a “good job” and expressed a desire for rate cuts when economic growth shows strength, per Bloomberg.The Fed, meanwhile, held interest rates steady, citing resilient economic activity and early signs of labor-market stabilization, while noting inflation remains elevated and the outlook uncertain. Markets expect the central bank to deliver its next rate cut in June. Silver FAQs Why do people invest in Silver? Silver is a precious metal highly traded among investors. It has been historically used as a store of value and a medium of exchange. Although less popular than Gold, traders may turn to Silver to diversify their investment portfolio, for its intrinsic value or as a potential hedge during high-inflation periods. Investors can buy physical Silver, in coins or in bars, or trade it through vehicles such as Exchange Traded Funds, which track its price on international markets. Which factors influence Silver prices? Silver prices can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can make Silver price escalate due to its safe-haven status, although to a lesser extent than Gold's. As a yieldless asset, Silver tends to rise with lower interest rates. Its moves also depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAG/USD). A strong Dollar tends to keep the price of Silver at bay, whereas a weaker Dollar is likely to propel prices up. Other factors such as investment demand, mining supply – Silver is much more abundant than Gold – and recycling rates can also affect prices. How does industrial demand affect Silver prices? Silver is widely used in industry, particularly in sectors such as electronics or solar energy, as it has one of the highest electric conductivity of all metals – more than Copper and Gold. A surge in demand can increase prices, while a decline tends to lower them. Dynamics in the US, Chinese and Indian economies can also contribute to price swings: for the US and particularly China, their big industrial sectors use Silver in various processes; in India, consumers’ demand for the precious metal for jewellery also plays a key role in setting prices. How do Silver prices react to Gold’s moves? Silver prices tend to follow Gold's moves. When Gold prices rise, Silver typically follows suit, as their status as safe-haven assets is similar. The Gold/Silver ratio, which shows the number of ounces of Silver needed to equal the value of one ounce of Gold, may help to determine the relative valuation between both metals. Some investors may consider a high ratio as an indicator that Silver is undervalued, or Gold is overvalued. On the contrary, a low ratio might suggest that Gold is undervalued relative to Silver.

US President Donald Trump and Senate Democrats struck a deal that could avert a government shutdown and buy more time to negotiate restrictions on the administration’s immigration crackdown, the Wall Street Journal reported on Thursday.

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It is unclear how quickly the House can and will process those funding bills after the Senate passes them. The shutdown deadline is midnight on Friday.Market reaction At the time of writing, the US Dollar Index (DXY) is up 0.34% on the day at 96.48. US Dollar FAQs What is the US Dollar? The US Dollar (USD) is the official currency of the United States of America, and the ‘de facto’ currency of a significant number of other countries where it is found in circulation alongside local notes. It is the most heavily traded currency in the world, accounting for over 88% of all global foreign exchange turnover, or an average of $6.6 trillion in transactions per day, according to data from 2022. Following the second world war, the USD took over from the British Pound as the world’s reserve currency. For most of its history, the US Dollar was backed by Gold, until the Bretton Woods Agreement in 1971 when the Gold Standard went away. How do the decisions of the Federal Reserve impact the US Dollar? The most important single factor impacting on the value of the US Dollar is monetary policy, which is shaped by the Federal Reserve (Fed). The Fed has two mandates: to achieve price stability (control inflation) and foster full employment. Its primary tool to achieve these two goals is by adjusting interest rates. When prices are rising too quickly and inflation is above the Fed’s 2% target, the Fed will raise rates, which helps the USD value. When inflation falls below 2% or the Unemployment Rate is too high, the Fed may lower interest rates, which weighs on the Greenback. What is Quantitative Easing and how does it influence the US Dollar? In extreme situations, the Federal Reserve can also print more Dollars and enact quantitative easing (QE). QE is the process by which the Fed substantially increases the flow of credit in a stuck financial system. It is a non-standard policy measure used when credit has dried up because banks will not lend to each other (out of the fear of counterparty default). It is a last resort when simply lowering interest rates is unlikely to achieve the necessary result. It was the Fed’s weapon of choice to combat the credit crunch that occurred during the Great Financial Crisis in 2008. It involves the Fed printing more Dollars and using them to buy US government bonds predominantly from financial institutions. QE usually leads to a weaker US Dollar. What is Quantitative Tightening and how does it influence the US Dollar? Quantitative tightening (QT) is the reverse process whereby the Federal Reserve stops buying bonds from financial institutions and does not reinvest the principal from the bonds it holds maturing in new purchases. It is usually positive for the US Dollar.

On Friday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 6.9678 compared to the previous day's fix of 6.9771 and 6.9459 Reuters estimate.

.fxs-faq-module-wrapper{border:1px solid #dddedf;background:#fff;margin-bottom:32px;width:100%;float:left;font-family:Roboto,sans-serif}.fxs-faq-module-title{color:#1b1c23;font-size:16px;font-style:italic;font-weight:700;line-height:22.4px;text-transform:uppercase;background:#f3f3f8;padding:8px 16px;margin:0}.fxs-faq-module-container{padding:16px;width:100%;box-sizing:border-box;display:flex;flex-direction:column;gap:12px}.fxs-faq-module-section{padding-bottom:16px;border-bottom:1px solid #ececf1;margin-bottom:0}.fxs-faq-module-section:last-child{border:none;margin-bottom:0}.fxs-faq-module-container input[type=checkbox]{display:none}.fxs-faq-module-header{padding:4px 0;background-color:#fff;border:none;position:relative;cursor:pointer;margin:0}.fxs-faq-module-header label{display:block;cursor:pointer}.fxs-faq-module-header label span{display:block;width:calc(100% - 50px)}.fxs-faq-module-header label:after,.fxs-faq-module-header label:before{content:"";position:absolute;top:50%;right:16px;width:8px;height:2px;background-color:#49494f;transition:all .2s ease-in-out;transition-delay:0}.fxs-faq-module-header label:after{transform:rotate(45deg) translateX(-4px)}.fxs-faq-module-header label:before{transform:rotate(-45deg) translateX(4px)}.fxs-faq-module-header label:after,.fxs-faq-module-header label:before{transition:transform .3s ease-in-out}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-header label:after{transform:rotate(45deg) translateX(4px)}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-header label:before{transform:rotate(-45deg) translateX(-4px)}.fxs-faq-module-content{max-height:0;overflow:hidden;transition:all .3s ease-in-out;color:#49494f;font-weight:300;padding:0;font-size:14.72px;line-height:20px;margin:0}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-content{max-height:1000px;margin-top:8px}@media (min-width:680px){.fxs-faq-module-title{font-size:19.2px;line-height:27.2px}.fxs-faq-module-header{font-size:19.2px;line-height:25.92px}.fxs-faq-module-content{font-size:16px;line-height:21.6px}} On Friday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 6.9678 compared to the previous day's fix of 6.9771 and 6.9459 Reuters estimate. PBOC FAQs What does the People's Bank of China do? The primary monetary policy objectives of the People's Bank of China (PBoC) are to safeguard price stability, including exchange rate stability, and promote economic growth. China’s central bank also aims to implement financial reforms, such as opening and developing the financial market. Who owns the PBoC? The PBoC is owned by the state of the People's Republic of China (PRC), so it is not considered an autonomous institution. The Chinese Communist Party (CCP) Committee Secretary, nominated by the Chairman of the State Council, has a key influence on the PBoC’s management and direction, not the governor. However, Mr. Pan Gongsheng currently holds both of these posts. What are the main policy tools used by the PBoC? Unlike the Western economies, the PBoC uses a broader set of monetary policy instruments to achieve its objectives. The primary tools include a seven-day Reverse Repo Rate (RRR), Medium-term Lending Facility (MLF), foreign exchange interventions and Reserve Requirement Ratio (RRR). However, The Loan Prime Rate (LPR) is China’s benchmark interest rate. Changes to the LPR directly influence the rates that need to be paid in the market for loans and mortgages and the interest paid on savings. By changing the LPR, China’s central bank can also influence the exchange rates of the Chinese Renminbi. Are private banks allowed in China? Yes, China has 19 private banks – a small fraction of the financial system. The largest private banks are digital lenders WeBank and MYbank, which are backed by tech giants Tencent and Ant Group, per The Straits Times. In 2014, China allowed domestic lenders fully capitalized by private funds to operate in the state-dominated financial sector.

AUD/USD loses ground after three days of gains, trading around 0.7030 during the Asian hours on Friday. The pair remains subdued following the release of Australia’s Producer Price Index (PPI), which climbed 3.5% year-over-year (YoY) in the fourth quarter of 2025, the same pace as in Q3.

.fxs-faq-module-wrapper{border:1px solid #dddedf;background:#fff;margin-bottom:32px;width:100%;float:left;font-family:Roboto,sans-serif}.fxs-faq-module-title{color:#1b1c23;font-size:16px;font-style:italic;font-weight:700;line-height:22.4px;text-transform:uppercase;background:#f3f3f8;padding:8px 16px;margin:0}.fxs-faq-module-container{padding:16px;width:100%;box-sizing:border-box;display:flex;flex-direction:column;gap:12px}.fxs-faq-module-section{padding-bottom:16px;border-bottom:1px solid #ececf1;margin-bottom:0}.fxs-faq-module-section:last-child{border:none;margin-bottom:0}.fxs-faq-module-container input[type=checkbox]{display:none}.fxs-faq-module-header{padding:4px 0;background-color:#fff;border:none;position:relative;cursor:pointer;margin:0}.fxs-faq-module-header label{display:block;cursor:pointer}.fxs-faq-module-header label span{display:block;width:calc(100% - 50px)}.fxs-faq-module-header label:after,.fxs-faq-module-header label:before{content:"";position:absolute;top:50%;right:16px;width:8px;height:2px;background-color:#49494f;transition:all .2s ease-in-out;transition-delay:0}.fxs-faq-module-header label:after{transform:rotate(45deg) translateX(-4px)}.fxs-faq-module-header label:before{transform:rotate(-45deg) translateX(4px)}.fxs-faq-module-header label:after,.fxs-faq-module-header label:before{transition:transform .3s ease-in-out}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-header label:after{transform:rotate(45deg) translateX(4px)}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-header label:before{transform:rotate(-45deg) translateX(-4px)}.fxs-faq-module-content{max-height:0;overflow:hidden;transition:all .3s ease-in-out;color:#49494f;font-weight:300;padding:0;font-size:14.72px;line-height:20px;margin:0}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-content{max-height:1000px;margin-top:8px}@media (min-width:680px){.fxs-faq-module-title{font-size:19.2px;line-height:27.2px}.fxs-faq-module-header{font-size:19.2px;line-height:25.92px}.fxs-faq-module-content{font-size:16px;line-height:21.6px}}AUD/USD retreated after reaching a three-year high of 0.7094 on Thursday.Australia’s PPI rose 3.5% YoY in Q4 2025, unchanged from the pace seen in Q3.The US Treasury said China’s large external surpluses reflect a substantially undervalued exchange rate.AUD/USD loses ground after three days of gains, trading around 0.7030 during the Asian hours on Friday. The pair remains subdued following the release of Australia’s Producer Price Index (PPI), which climbed 3.5% year-over-year (YoY) in the fourth quarter of 2025, the same pace as in Q3.However, the Australian Dollar (AUD) may regain its ground as hotter-than-expected Australian inflation data, released earlier this week, boosted the odds of a Reserve Bank of Australia (RBA) rate hike as early as next week.Markets now price in over a 70% chance of a 25-basis-point (bps) hike by the RBA from the 3.6% cash rate, up from 60% before the release, with rates fully priced at 3.85% by May and around 4.10% by September.US Treasury noted in a semi-annual foreign-exchange report released on Thursday, “Given China’s extremely large and growing external surpluses and now substantially undervalued exchange rate, it is important that the Chinese authorities allow the RMB exchange rate to strengthen in a timely and orderly manner in line with macroeconomic fundamentals,” reported by Bloomberg.Bloomberg also reported late Thursday that US President Donald Trump said that he will announce his choice to replace Jerome Powell as the chair of the Federal Reserve (Fed) on Friday morning. Trump said that his pick will do a "good job" and that he wants the US central bank to cut rates when there are signs of economic growth. Australian Dollar FAQs What key factors drive the Australian Dollar? One of the most significant factors for the Australian Dollar (AUD) is the level of interest rates set by the Reserve Bank of Australia (RBA). Because Australia is a resource-rich country another key driver is the price of its biggest export, Iron Ore. The health of the Chinese economy, its largest trading partner, is a factor, as well as inflation in Australia, its growth rate and Trade Balance. Market sentiment – whether investors are taking on more risky assets (risk-on) or seeking safe-havens (risk-off) – is also a factor, with risk-on positive for AUD. How do the decisions of the Reserve Bank of Australia impact the Australian Dollar? The Reserve Bank of Australia (RBA) influences the Australian Dollar (AUD) by setting the level of interest rates that Australian banks can lend to each other. This influences the level of interest rates in the economy as a whole. The main goal of the RBA is to maintain a stable inflation rate of 2-3% by adjusting interest rates up or down. Relatively high interest rates compared to other major central banks support the AUD, and the opposite for relatively low. The RBA can also use quantitative easing and tightening to influence credit conditions, with the former AUD-negative and the latter AUD-positive. How does the health of the Chinese Economy impact the Australian Dollar? China is Australia’s largest trading partner so the health of the Chinese economy is a major influence on the value of the Australian Dollar (AUD). When the Chinese economy is doing well it purchases more raw materials, goods and services from Australia, lifting demand for the AUD, and pushing up its value. The opposite is the case when the Chinese economy is not growing as fast as expected. Positive or negative surprises in Chinese growth data, therefore, often have a direct impact on the Australian Dollar and its pairs. How does the price of Iron Ore impact the Australian Dollar? Iron Ore is Australia’s largest export, accounting for $118 billion a year according to data from 2021, with China as its primary destination. The price of Iron Ore, therefore, can be a driver of the Australian Dollar. Generally, if the price of Iron Ore rises, AUD also goes up, as aggregate demand for the currency increases. The opposite is the case if the price of Iron Ore falls. Higher Iron Ore prices also tend to result in a greater likelihood of a positive Trade Balance for Australia, which is also positive of the AUD. How does the Trade Balance impact the Australian Dollar? The Trade Balance, which is the difference between what a country earns from its exports versus what it pays for its imports, is another factor that can influence the value of the Australian Dollar. If Australia produces highly sought after exports, then its currency will gain in value purely from the surplus demand created from foreign buyers seeking to purchase its exports versus what it spends to purchase imports. Therefore, a positive net Trade Balance strengthens the AUD, with the opposite effect if the Trade Balance is negative.

Gold price (XAU/USD) holds positive ground around $5,405 during the early Asian session on Friday. The precious metal hit a record high near $5,600 before paring gains due to profit-taking in the previous session.

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The precious metal hit a record high near $5,600 before paring gains due to profit-taking in the previous session. Traders will closely monitor the developments surrounding President Donald Trump’s pick for the new Federal Reserve (Fed) Chair. The US Producer Price Index (PPI) report is due later on Friday.  Bloomberg reported late Thursday that Trump will announce his choice to replace Jerome Powell as the chair of the Fed on Friday morning. Trump said that his pick will do a "good job" and reiterated his expectation that the central bank’s new leader will lower interest rates. A more dovish chair would increase bets on further interest-rate cuts this year, which could lift the Gold price. Lower interest rates could reduce the opportunity cost of holding Gold, supporting the non-yielding precious metal.Geopolitical uncertainty could boost traditional safe-haven assets such as Gold. Trump on Wednesday urged Iran to “come to the table” and negotiate a “fair and equitable deal,” or the next US attack would be far worse. Iran responded with a threat to strike back against the US, Israel, and those who support them.On the other hand, traders might book some profits in the near term as the yellow metal has surged nearly 100% over the last 12 months. “We are seeing a dramatic sell-off after precious metals made new recent all-time highs,” said David Meger, director of metals trading at High Ridge Futures. Gold FAQs Why do people invest in Gold? Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government. Who buys the most Gold? Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves. How is Gold correlated with other assets? Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal. What does the price of Gold depend on? The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.

Australia Private Sector Credit (YoY) rose from previous 7.4% to 7.7% in December

Australia Private Sector Credit (MoM) came in at 0.8%, above forecasts (0.6%) in December

Australia Producer Price Index (QoQ) registered at 0.8%, below expectations (1.1%) in 4Q

Australia Producer Price Index (YoY): 3.5% (4Q)

US President Donald Trump said that he will announce his choice to replace Jerome Powell as the chair of the Federal Reserve (Fed)  on Friday morning, Bloomberg reported late Thursday.

.fxs-faq-module-wrapper{border:1px solid #dddedf;background:#fff;margin-bottom:32px;width:100%;float:left;font-family:Roboto,sans-serif}.fxs-faq-module-title{color:#1b1c23;font-size:16px;font-style:italic;font-weight:700;line-height:22.4px;text-transform:uppercase;background:#f3f3f8;padding:8px 16px;margin:0}.fxs-faq-module-container{padding:16px;width:100%;box-sizing:border-box;display:flex;flex-direction:column;gap:12px}.fxs-faq-module-section{padding-bottom:16px;border-bottom:1px solid #ececf1;margin-bottom:0}.fxs-faq-module-section:last-child{border:none;margin-bottom:0}.fxs-faq-module-container input[type=checkbox]{display:none}.fxs-faq-module-header{padding:4px 0;background-color:#fff;border:none;position:relative;cursor:pointer;margin:0}.fxs-faq-module-header label{display:block;cursor:pointer}.fxs-faq-module-header label span{display:block;width:calc(100% - 50px)}.fxs-faq-module-header label:after,.fxs-faq-module-header label:before{content:"";position:absolute;top:50%;right:16px;width:8px;height:2px;background-color:#49494f;transition:all .2s ease-in-out;transition-delay:0}.fxs-faq-module-header label:after{transform:rotate(45deg) translateX(-4px)}.fxs-faq-module-header label:before{transform:rotate(-45deg) translateX(4px)}.fxs-faq-module-header label:after,.fxs-faq-module-header label:before{transition:transform .3s ease-in-out}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-header label:after{transform:rotate(45deg) translateX(4px)}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-header label:before{transform:rotate(-45deg) translateX(-4px)}.fxs-faq-module-content{max-height:0;overflow:hidden;transition:all .3s ease-in-out;color:#49494f;font-weight:300;padding:0;font-size:14.72px;line-height:20px;margin:0}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-content{max-height:1000px;margin-top:8px}@media (min-width:680px){.fxs-faq-module-title{font-size:19.2px;line-height:27.2px}.fxs-faq-module-header{font-size:19.2px;line-height:25.92px}.fxs-faq-module-content{font-size:16px;line-height:21.6px}} US President Donald Trump said that he will announce his choice to replace Jerome Powell as the chair of the Federal Reserve (Fed)  on Friday morning, Bloomberg reported late Thursday.Trump said that his pick will do a "good job" and that he wants the US central bank to cut rates when there are signs of economic growth.Market reaction At the time of writing, the US Dollar Index (DXY) is up 0.22% on the day at 96.37. Fed FAQs What does the Federal Reserve do, how does it impact the US Dollar? Monetary policy in the US is shaped by the Federal Reserve (Fed). The Fed has two mandates: to achieve price stability and foster full employment. Its primary tool to achieve these goals is by adjusting interest rates. When prices are rising too quickly and inflation is above the Fed’s 2% target, it raises interest rates, increasing borrowing costs throughout the economy. This results in a stronger US Dollar (USD) as it makes the US a more attractive place for international investors to park their money. When inflation falls below 2% or the Unemployment Rate is too high, the Fed may lower interest rates to encourage borrowing, which weighs on the Greenback. How often does the Fed hold monetary policy meetings? The Federal Reserve (Fed) holds eight policy meetings a year, where the Federal Open Market Committee (FOMC) assesses economic conditions and makes monetary policy decisions. The FOMC is attended by twelve Fed officials – the seven members of the Board of Governors, the president of the Federal Reserve Bank of New York, and four of the remaining eleven regional Reserve Bank presidents, who serve one-year terms on a rotating basis. What is Quantitative Easing (QE) and how does it impact USD? In extreme situations, the Federal Reserve may resort to a policy named Quantitative Easing (QE). QE is the process by which the Fed substantially increases the flow of credit in a stuck financial system. It is a non-standard policy measure used during crises or when inflation is extremely low. It was the Fed’s weapon of choice during the Great Financial Crisis in 2008. It involves the Fed printing more Dollars and using them to buy high grade bonds from financial institutions. QE usually weakens the US Dollar. What is Quantitative Tightening (QT) and how does it impact the US Dollar? Quantitative tightening (QT) is the reverse process of QE, whereby the Federal Reserve stops buying bonds from financial institutions and does not reinvest the principal from the bonds it holds maturing, to purchase new bonds. It is usually positive for the value of the US Dollar.

The US Treasury stated that the Chinese Yuan is “substantially undervalued” and called on China to allow its exchange rate to strengthen in a timely and orderly way, Bloomberg reported on Thursday. 

.fxs-faq-module-wrapper{border:1px solid #dddedf;background:#fff;margin-bottom:32px;width:100%;float:left;font-family:Roboto,sans-serif}.fxs-faq-module-title{color:#1b1c23;font-size:16px;font-style:italic;font-weight:700;line-height:22.4px;text-transform:uppercase;background:#f3f3f8;padding:8px 16px;margin:0}.fxs-faq-module-container{padding:16px;width:100%;box-sizing:border-box;display:flex;flex-direction:column;gap:12px}.fxs-faq-module-section{padding-bottom:16px;border-bottom:1px solid #ececf1;margin-bottom:0}.fxs-faq-module-section:last-child{border:none;margin-bottom:0}.fxs-faq-module-container input[type=checkbox]{display:none}.fxs-faq-module-header{padding:4px 0;background-color:#fff;border:none;position:relative;cursor:pointer;margin:0}.fxs-faq-module-header label{display:block;cursor:pointer}.fxs-faq-module-header label span{display:block;width:calc(100% - 50px)}.fxs-faq-module-header label:after,.fxs-faq-module-header label:before{content:"";position:absolute;top:50%;right:16px;width:8px;height:2px;background-color:#49494f;transition:all .2s ease-in-out;transition-delay:0}.fxs-faq-module-header label:after{transform:rotate(45deg) translateX(-4px)}.fxs-faq-module-header label:before{transform:rotate(-45deg) translateX(4px)}.fxs-faq-module-header label:after,.fxs-faq-module-header label:before{transition:transform .3s ease-in-out}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-header label:after{transform:rotate(45deg) translateX(4px)}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-header label:before{transform:rotate(-45deg) translateX(-4px)}.fxs-faq-module-content{max-height:0;overflow:hidden;transition:all .3s ease-in-out;color:#49494f;font-weight:300;padding:0;font-size:14.72px;line-height:20px;margin:0}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-content{max-height:1000px;margin-top:8px}@media (min-width:680px){.fxs-faq-module-title{font-size:19.2px;line-height:27.2px}.fxs-faq-module-header{font-size:19.2px;line-height:25.92px}.fxs-faq-module-content{font-size:16px;line-height:21.6px}} The US Treasury stated that the Chinese Yuan is “substantially undervalued” and called on China to allow its exchange rate to strengthen in a timely and orderly way, Bloomberg reported on Thursday. The department said in a semi-annual foreign-exchange report released Thursday “Given China’s extremely large and growing external surpluses and now substantially undervalued exchange rate, it is important that the Chinese authorities allow the RMB exchange rate to strengthen in a timely and orderly manner in line with macroeconomic fundamentals.”Market reaction At the time of writing, the AUD/USD pair is up 0.09% on the day at 0.7052. US-China Trade War FAQs What does “trade war” mean? Generally speaking, a trade war is an economic conflict between two or more countries due to extreme protectionism on one end. It implies the creation of trade barriers, such as tariffs, which result in counter-barriers, escalating import costs, and hence the cost of living. What is the US-China trade war? An economic conflict between the United States (US) and China began early in 2018, when President Donald Trump set trade barriers on China, claiming unfair commercial practices and intellectual property theft from the Asian giant. China took retaliatory action, imposing tariffs on multiple US goods, such as automobiles and soybeans. Tensions escalated until the two countries signed the US-China Phase One trade deal in January 2020. The agreement required structural reforms and other changes to China’s economic and trade regime and pretended to restore stability and trust between the two nations. However, the Coronavirus pandemic took the focus out of the conflict. Yet, it is worth mentioning that President Joe Biden, who took office after Trump, kept tariffs in place and even added some additional levies. Trade war 2.0 The return of Donald Trump to the White House as the 47th US President has sparked a fresh wave of tensions between the two countries. During the 2024 election campaign, Trump pledged to impose 60% tariffs on China once he returned to office, which he did on January 20, 2025. With Trump back, the US-China trade war is meant to resume where it was left, with tit-for-tat policies affecting the global economic landscape amid disruptions in global supply chains, resulting in a reduction in spending, particularly investment, and directly feeding into the Consumer Price Index inflation.

US President Donald Trump on Thursday threatened to impose a 50% tariff on all aircraft sold from Canada into the United States (US), accusing Canada of unfairly blocking certification of Gulfstream business jets.

.fxs-faq-module-wrapper{border:1px solid #dddedf;background:#fff;margin-bottom:32px;width:100%;float:left;font-family:Roboto,sans-serif}.fxs-faq-module-title{color:#1b1c23;font-size:16px;font-style:italic;font-weight:700;line-height:22.4px;text-transform:uppercase;background:#f3f3f8;padding:8px 16px;margin:0}.fxs-faq-module-container{padding:16px;width:100%;box-sizing:border-box;display:flex;flex-direction:column;gap:12px}.fxs-faq-module-section{padding-bottom:16px;border-bottom:1px solid #ececf1;margin-bottom:0}.fxs-faq-module-section:last-child{border:none;margin-bottom:0}.fxs-faq-module-container input[type=checkbox]{display:none}.fxs-faq-module-header{padding:4px 0;background-color:#fff;border:none;position:relative;cursor:pointer;margin:0}.fxs-faq-module-header label{display:block;cursor:pointer}.fxs-faq-module-header label span{display:block;width:calc(100% - 50px)}.fxs-faq-module-header label:after,.fxs-faq-module-header label:before{content:"";position:absolute;top:50%;right:16px;width:8px;height:2px;background-color:#49494f;transition:all .2s ease-in-out;transition-delay:0}.fxs-faq-module-header label:after{transform:rotate(45deg) translateX(-4px)}.fxs-faq-module-header label:before{transform:rotate(-45deg) translateX(4px)}.fxs-faq-module-header label:after,.fxs-faq-module-header label:before{transition:transform .3s ease-in-out}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-header label:after{transform:rotate(45deg) translateX(4px)}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-header label:before{transform:rotate(-45deg) translateX(-4px)}.fxs-faq-module-content{max-height:0;overflow:hidden;transition:all .3s ease-in-out;color:#49494f;font-weight:300;padding:0;font-size:14.72px;line-height:20px;margin:0}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-content{max-height:1000px;margin-top:8px}@media (min-width:680px){.fxs-faq-module-title{font-size:19.2px;line-height:27.2px}.fxs-faq-module-header{font-size:19.2px;line-height:25.92px}.fxs-faq-module-content{font-size:16px;line-height:21.6px}} US President Donald Trump on Thursday threatened to impose a 50% tariff on all aircraft sold from Canada into the United States (US), accusing Canada of unfairly blocking certification of Gulfstream business jets.Key quotesWe are hereby decertifying their Bombardier Global Express and all aircraft made in Canada until such time as Gulfstream, a great American company, is fully certified. 

Canada is effectively banning sale of Gulfstream products in Canada through this same certification process. Market reaction At the time of writing, the USD/CAD pair is down 0.50% on the day at 1.3489. Tariffs FAQs What are tariffs? Tariffs are customs duties levied on certain merchandise imports or a category of products. Tariffs are designed to help local producers and manufacturers be more competitive in the market by providing a price advantage over similar goods that can be imported. Tariffs are widely used as tools of protectionism, along with trade barriers and import quotas. What is the difference between taxes and tariffs? Although tariffs and taxes both generate government revenue to fund public goods and services, they have several distinctions. Tariffs are prepaid at the port of entry, while taxes are paid at the time of purchase. Taxes are imposed on individual taxpayers and businesses, while tariffs are paid by importers. Are tariffs good or bad? There are two schools of thought among economists regarding the usage of tariffs. While some argue that tariffs are necessary to protect domestic industries and address trade imbalances, others see them as a harmful tool that could potentially drive prices higher over the long term and lead to a damaging trade war by encouraging tit-for-tat tariffs. What is US President Donald Trump’s tariff plan? During the run-up to the presidential election in November 2024, Donald Trump made it clear that he intends to use tariffs to support the US economy and American producers. In 2024, Mexico, China and Canada accounted for 42% of total US imports. In this period, Mexico stood out as the top exporter with $466.6 billion, according to the US Census Bureau. Hence, Trump wants to focus on these three nations when imposing tariffs. He also plans to use the revenue generated through tariffs to lower personal income taxes.

Japan Large Retailer Sales: 2% (December) vs previous 5%

Japan Industrial Production (YoY): 2.6% (December) vs -2.2%

Japan Retail Trade s.a (MoM) dipped from previous 0.6% to -2% in December

Japan Retail Trade (YoY) came in at -0.9% below forecasts (0.7%) in December

Japan Industrial Production (MoM) registered at -0.1% above expectations (-0.4%) in December

The EUR/USD pair gains ground to near 1.1965 during the early Asian session on Friday. Unpredictable US trade policy and questions over the independence of the Federal Reserve (Fed) weigh on the US Dollar (USD) against the Euro (EUR). 

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Unpredictable US trade policy and questions over the independence of the Federal Reserve (Fed) weigh on the US Dollar (USD) against the Euro (EUR). The Greenback faced some selling pressure earlier this week after US President Donald Trump seemed to shrug off the currency's weakness, though it recovered some lost ground after Treasury Secretary Scott Bessent said a day later that Washington has a strong-dollar policy. Concerns over US policy volatility could undermine the Greenback and create a tailwind for the major pair in the near term. "Concerns that investors have about trade and geopolitical policies that have been wheeled out in the U.S. at the moment have been potentially negative for the dollar," said Shaun Osborne, chief currency strategist at Scotiabank.Trump said that he would announce his nominee to chair the Fed “next week” and reiterated his expectation that the central bank’s new leader will lower interest rates. This headline raises worries about the independence of the US central bank and might contribute to the USD’s downside. Traders await the preliminary reading of Gross Domestic Product (GDP) for the fourth quarter (Q4) from the Eurozone and Germany, which will be published on Friday. Also, the flash German Consumer Price Index (CPI) report is due later in the day. However, if the reports show weaker-than-expected outcomes, this could drag the shared currency lower against the USD. On the US docket, the Producer Price Index (PPI) report and Fed’s Alberto Musalem speech will be closely watched.  Euro FAQs What is the Euro? The Euro is the currency for the 20 European Union countries that belong to the Eurozone. It is the second most heavily traded currency in the world behind the US Dollar. In 2022, it accounted for 31% of all foreign exchange transactions, with an average daily turnover of over $2.2 trillion a day. EUR/USD is the most heavily traded currency pair in the world, accounting for an estimated 30% off all transactions, followed by EUR/JPY (4%), EUR/GBP (3%) and EUR/AUD (2%). What is the ECB and how does it impact the Euro? The European Central Bank (ECB) in Frankfurt, Germany, is the reserve bank for the Eurozone. The ECB sets interest rates and manages monetary policy. The ECB’s primary mandate is to maintain price stability, which means either controlling inflation or stimulating growth. Its primary tool is the raising or lowering of interest rates. Relatively high interest rates – or the expectation of higher rates – will usually benefit the Euro and vice versa. The ECB Governing Council makes monetary policy decisions at meetings held eight times a year. Decisions are made by heads of the Eurozone national banks and six permanent members, including the President of the ECB, Christine Lagarde. How does inflation data impact the value of the Euro? Eurozone inflation data, measured by the Harmonized Index of Consumer Prices (HICP), is an important econometric for the Euro. If inflation rises more than expected, especially if above the ECB’s 2% target, it obliges the ECB to raise interest rates to bring it back under control. Relatively high interest rates compared to its counterparts will usually benefit the Euro, as it makes the region more attractive as a place for global investors to park their money. How does economic data influence the value of the Euro? Data releases gauge the health of the economy and can impact on the Euro. Indicators such as GDP, Manufacturing and Services PMIs, employment, and consumer sentiment surveys can all influence the direction of the single currency. A strong economy is good for the Euro. Not only does it attract more foreign investment but it may encourage the ECB to put up interest rates, which will directly strengthen the Euro. Otherwise, if economic data is weak, the Euro is likely to fall. Economic data for the four largest economies in the euro area (Germany, France, Italy and Spain) are especially significant, as they account for 75% of the Eurozone’s economy. How does the Trade Balance impact the Euro? Another significant data release for the Euro is the Trade Balance. This indicator measures the difference between what a country earns from its exports and what it spends on imports over a given period. If a country produces highly sought after exports then its currency will gain in value purely from the extra demand created from foreign buyers seeking to purchase these goods. Therefore, a positive net Trade Balance strengthens a currency and vice versa for a negative balance.

Japan Unemployment Rate in line with expectations (2.6%) in December

Japan Tokyo CPI ex Fresh Food (YoY) below forecasts (2.2%) in January: Actual (2%)

Japan Tokyo Consumer Price Index (YoY) declined to 1.5% in January from previous 2%

Japan Tokyo CPI ex Food, Energy (YoY) registered at 2%, below expectations (2.2%) in January

Japan Jobs / Applicants Ratio registered at 1.19 above expectations (1.18) in December

South Korea Service Sector Output climbed from previous 0.7% to 1.1% in December

South Korea Industrial Output (YoY) came in at -0.3%, above expectations (-2.1%) in December

South Korea Industrial Output Growth above expectations (0.5%) in December: Actual (1.7%)

Statistics Bureau of Japan will publish its data for January on Friday at 23.30 GMT. The Tokyo CPI measures the price fluctuation of goods and services purchased by households in the Tokyo region, excluding fresh food, whose prices often fluctuate depending on the weather.

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50px)}.fxs-faq-module-header label:after,.fxs-faq-module-header label:before{content:"";position:absolute;top:50%;right:16px;width:8px;height:2px;background-color:#49494f;transition:all .2s ease-in-out;transition-delay:0}.fxs-faq-module-header label:after{transform:rotate(45deg) translateX(-4px)}.fxs-faq-module-header label:before{transform:rotate(-45deg) translateX(4px)}.fxs-faq-module-header label:after,.fxs-faq-module-header label:before{transition:transform .3s ease-in-out}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-header label:after{transform:rotate(45deg) translateX(4px)}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-header label:before{transform:rotate(-45deg) translateX(-4px)}.fxs-faq-module-content{max-height:0;overflow:hidden;transition:all .3s ease-in-out;color:#49494f;font-weight:300;padding:0;font-size:14.72px;line-height:20px;margin:0}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-content{max-height:1000px;margin-top:8px}@media (min-width:680px){.fxs-faq-module-title{font-size:19.2px;line-height:27.2px}.fxs-faq-module-header{font-size:19.2px;line-height:25.92px}.fxs-faq-module-content{font-size:16px;line-height:21.6px}} The Japan Tokyo CPI OverviewStatistics Bureau of Japan will publish its data for January on Friday at 23.30 GMT. The Tokyo CPI measures the price fluctuation of goods and services purchased by households in the Tokyo region, excluding fresh food, whose prices often fluctuate depending on the weather. The index is widely considered as a leading indicator of Japan’s overall CPI, as it is published weeks before the nationwide reading. The Tokyo CPI ex Fresh Food, Energy is expected to show an increase of 2.2% YoY in January versus 2.3% prior, while Tokyo CPI ex Fresh Food is projected to show a rise of 2.2% YoY during the same period, compared to 2.3% in December.How could the Japan Tokyo CPI affect USD/JPY?USD/JPY trades on a negative note on the day in the lead up to the Japan Tokyo CPI report. The major pair loses ground as the US Dollar (USD) weakens amid worries about the Federal Reserve (Fed) independence and concerns over another US government shutdown.If data comes in hotter than expected, it could lift the Japanese Yen  (JPY), with the first upside barrier seen at the 100-day Exponential Moving Average (EMA) of 154.22. The next resistance level emerges at the January 26 high of 155.35, en route to the January low of 155.68.To the downside, the January 29 low of 152.68 will offer some comfort to buyers. Extended losses could see a drop to the January 28 low of 152.18. The next contention level is located at the October 28 low of 2025 at 151.76. Economic Indicator Tokyo Consumer Price Index (YoY) The Tokyo Consumer Price Index (CPI), released by the Statistics Bureau of Japan on a monthly basis, measures the price fluctuation of goods and services purchased by households in the Tokyo region. The index is widely considered as a leading indicator of Japan’s overall CPI as it is published weeks before the nationwide reading. The YoY reading compares prices in the reference month to the same month a year earlier. Generally, a high reading is seen as bullish for the Japanese Yen (JPY), while a low reading is seen as bearish. Read more. Next release: Thu Jan 29, 2026 23:30 Frequency: Monthly Consensus: - Previous: 2% Source: Statistics Bureau of Japan Japanese Yen FAQs What key factors drive the Japanese Yen? The Japanese Yen (JPY) is one of the world’s most traded currencies. Its value is broadly determined by the performance of the Japanese economy, but more specifically by the Bank of Japan’s policy, the differential between Japanese and US bond yields, or risk sentiment among traders, among other factors. How do the decisions of the Bank of Japan impact the Japanese Yen? One of the Bank of Japan’s mandates is currency control, so its moves are key for the Yen. The BoJ has directly intervened in currency markets sometimes, generally to lower the value of the Yen, although it refrains from doing it often due to political concerns of its main trading partners. The BoJ ultra-loose monetary policy between 2013 and 2024 caused the Yen to depreciate against its main currency peers due to an increasing policy divergence between the Bank of Japan and other main central banks. More recently, the gradually unwinding of this ultra-loose policy has given some support to the Yen. How does the differential between Japanese and US bond yields impact the Japanese Yen? Over the last decade, the BoJ’s stance of sticking to ultra-loose monetary policy has led to a widening policy divergence with other central banks, particularly with the US Federal Reserve. This supported a widening of the differential between the 10-year US and Japanese bonds, which favored the US Dollar against the Japanese Yen. The BoJ decision in 2024 to gradually abandon the ultra-loose policy, coupled with interest-rate cuts in other major central banks, is narrowing this differential. How does broader risk sentiment impact the Japanese Yen? The Japanese Yen is often seen as a safe-haven investment. This means that in times of market stress, investors are more likely to put their money in the Japanese currency due to its supposed reliability and stability. Turbulent times are likely to strengthen the Yen’s value against other currencies seen as more risky to invest in.
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การเตือนความเสี่ยง: การเทรดมีความเสี่ยง เงินทุนของคุณมีความเสี่ยง Exinity Limited มีการกำกับดูแลโดย FSC (มอริเชียส)
การเตือนความเสี่ยง: การเทรดมีความเสี่ยง เงินทุนของคุณมีความเสี่ยง Exinity Limited มีการกำกับดูแลโดย FSC (มอริเชียส)