Fundamental

USD/JPY bounced after early weakness as core PCE data met expectations, with technical support holding and focus shifting to next week’s FOMC rate decision and Powell’s guidance.

EUR/USD remains directionless ahead of the FOMC decision, with the euro struggling to gain momentum amid neutral inflation data and growing expectations for stronger U.S. economic performance.

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.