The USD/CAD pair oscillates in a narrow trading band near its lowest level since September 23 touched earlier this Monday, and seems vulnerable to slide further amid a bearish fundamental backdrop.
The Nasdaq 100 pushed higher early Friday but faced resistance as market sentiment wavers on Fed rate cut speculation and AI valuation concerns, though the longer-term trend toward $26,000 remains intact.
AUD/USD has extended its rally ahead of the FOMC decision, boosted by expectations of a Fed rate cut and diverging RBA policy.
The GBP/USD pair surged to multi-week highs as traders price in a Fed rate cut and await UK GDP data. With bullish technical indicators and rising market optimism, the pair is targeting the 1.3500 resistance, though upcoming macro data could influence short-term direction.
EUR/USD holds firm above the 50-day EMA and flashes a green Supertrend signal as traders await the Fed’s rate decision; 1.1800 remains the next key resistance.
EUR/USD edges higher to start the week and trades in positive territory above 1.1650 in the European session.