Fed

As the first week of November progresses, renewed weakness in the Japanese yen is once again becoming evident in the short term. This dynamic can be seen in the recent performance of USD/JPY, which has posted two consecutive bullish sessions and gained more than 0.7%, reflecting a return of buying interest in the dollar while the yen continues to lose momentum.

Fed rate-hike bets topping 70% have pressured markets, including precious metals and U.S. indices, toward key support levels. Could these levels signal a turning point ahead of the U.S. midterm elections?

The trading week is approaching its end and, for now, a neutral tone continues to dominate the euro's short-term price action. EUR/USD has recorded a move of only around -0.15% during the week, highlighting the pair's inability to establish a clear direction in favor of either the euro or the U.S. dollar.

With just one trading session left before the week comes to an end, the strength that has recently emerged around the Canadian dollar has once again become relevant. This can be observed in the recent performance of USD/CAD, which has declined nearly 0.3% over the last two trading sessions.

FOMC Chairman Warsh fell short of delivering a clear hint that the Fed would raise rates again in December, resulting in a modestly less-hawkish-than-anticipated short-term interpretation of the event - what does that mean for the US dollar?

The U.S. Dollar Index is retesting its 2026 highs as Treasury yields climb, oil prices stay elevated, and December rate hike bets top 70%.

French debt was the market's obsession a week ago. Now, short-term correlations suggest technology sentiment may be calling more of the shots, with central bank decisions and heavyweight tech earnings threatening to accelerate the euro's decline.

Over the last few trading sessions, gold has managed to stage a modest recovery. The precious metal has gained more than 1.7% across the last two sessions, a move that has introduced some buying momentum after several weeks of sustained pressure on prices. For now, this rebound appears to be driven largely by the cautious atmosphere dominating markets ahead of the Federal Reserve's monetary policy decision.

Fed Funds futures traders are pricing in ~90% odds that the FOMC leaves rates unchanged this week, but the big question is whether FOMC Chairman Warsh can deliver a true hawkish hike.

As the trading week progresses, a cautious tone is becoming increasingly evident around the Australian dollar. This can be observed in the recent performance of AUD/USD, where price action has remained largely unchanged over the last three trading sessions, recording a move of barely 0.1%. This behavior highlights a clear lack of direction within the market.

A new trading week is underway and the euro continues to show signs of weakness in the short term. This can be seen in the recent performance of EUR/USD, which has fallen nearly 0.5% over the last three trading sessions, reflecting a relatively consistent loss of momentum in the European currency.

Recent trading sessions have not been particularly eventful for EUR/USD price action in the short term. In fact, recent moves have been limited to roughly 0.2%, highlighting a clear lack of direction within the market.