FxAnalysis

The Australian Dollar (AUD) extends its needle-like ascent on Thursday, prompting AUD/USD to finally surpass the 0.6600 hurdle for the first time since early October.

With the Japanese Yen basket trading close to all-time low, will we see Bank of Japan intervention as Governor Ueda hints at higher rates at the December meeting – our focus is EUR/JPY where the technical and fundamental picture highlights selling rallies, with the weekly chart showing possible comp

EUR/USD trades with a bullish bias ahead of key Eurozone inflation data, supported by rising European bond yields and softening U.S. rate expectations, with a breakout toward 1.18 in sight.

Gold continues its strong bullish trend, trading near $4200 amid USD weakness and rising rate cut expectations, with technical signals pointing to a potential breakout toward record highs.

NZD/USD extends its recovery to 0.57740, gaining momentum on broad USD weakness, but with U.S. inflation data and Fed decisions ahead, near-term volatility and possible reversals remain key risks.

USD/MYR continues its sharp decline, hitting long-term lows near 4.1100 as broad USD weakness and expectations of a Fed rate cut pressure the pair, with potential to test the 4.1000 level.