Fundamental

The Japanese Yen (JPY) is not having the best year-end.

Gold (XAU/USD) started the year on a bullish note and registered impressive gains in the first quarter. Following a consolidation phase during the summer months, the precious metal surged higher in the third quarter and reached an all-time record high of $4,381 in October.

Having wrapped up 2025 on a positive note, the Pound Sterling (GBP) eyes another meaningful and upbeat year against the US Dollar (USD) at the start of 2026.

USD/CHF remains stable after CPI data, with SNB influence and long-term rate dynamics supporting a bullish bias within the current range.

EUR/USD continues to trade within its long-held range as dollar strength caps rallies near 1.18 and support remains near 1.15.

AUD/USD remains stuck in consolidation despite a small bounce, with weak momentum and firm USD strength keeping rallies as selling opportunities.