US dollar news

USD/JPY: A very choppy market as the Bank of Japan continues to be the focus of traders, as Friday is its next interest rate decision.

USD/CAD: The US dollar is likely to strengthen against the CAD, with the 1.45 level above as a significant barrier, creating a buy-on-the-dip scenario

EUR/USD: Trump tariff tweets continue to cause volatility and this is a market in which to buy cheap US dollars

The USD/MYR has seen a sudden glimpse of selling the past two days and has moved from the 4.4900 level to a value around 4.440 as of this writing.

The NZD/USD has been able to produce some upwards mobility early this week which essentially saw the 0.56000 level tested and is now producing ratios next to the 0.56560 mark as of this morning.

GBP/USD: High volatility and a bearish outlook for the British pound with the potential bounce presenting an opportunity to short

BTC/USD: Bitcoin continues to look bullish, though seems to have hit a bit of a brick wall near the $110,000 level

USD/MXN: Choppy markets, as Trump turns up the heat with tariff threats on Mexico. This is a market that will continue to look at the region between 20 MXN and 21 MXN as a major barrier

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USD/CHF: Long-term, the US dollar is bullish against the Swiss Franc, right now this is a potential “buy on the dips” market just waiting to happen

This market has seen a rebound, rising to a high of 1.2338, up from this month’s low of 1.2100.

Bitcoin resumed the uptrend, nearing its all-time high of 109,217 as excitement about the new pro-crypto administration continued

This pair will likely continue rising as bulls target the important resistance level at 0.6350

The USD/BRL remains within higher price boundaries as 6.0000 has seemingly become an inflection point again for financial institutions and speculators.

The USD/SGD has seen sharp price action early today, essentially mirroring global Forex as financial institutions filter the power change in the U.S political sphere that is impacting outlooks.

Price action is suggesting that a near-term rise is likely, but it seems like its not going to go very far.

USD/MXN: The peso is in a holding pattern as we wait to see how aggressive Trumps Mexico policy will be

Ethereum: Looking bullish, short-term pullbacks continue to trigger buying, with a “value area” at the $3400 level

USD/CHF: Looking at a short-term drift lower, while a massive bottoming pattern forms, creating a potential buy-on-the-dip scenario

The EUR/USD exchange rate rose as the US dollar index dropped by over 1%. It rose to a high of 1.0430, its highest swing since January 7, and about 2.45% from its lowest level this month. So, what next for the euro after Donald Trump’s inauguration?

Bitcoin: Continuing to look bullish, with pressure building to break out of the $110,000 to $110,000 range

Bitcoin price surged to a record high of $109,217 and then pared back some of those gain after Donald Trump became the US president. The BTC/USD pair retreated to 103,350 as some investors started to take profits.

USD/CAD: Volatility as Trump threatens tariffs, and the political situation remains uncertain making Canada untenable for investment

Despite a bullish surge, long term the Aussie is looking bearish with its reliance on a struggling Chinese economy

USD/JPY: The ¥155 level now offers a significant amount of support, while the interest rate differential between the two currencies will continue to favor the greenback

EUR/USD: Euro presents the opportunity for a rally to fade and enjoy a brief selling opportunity

GBP/USD: Right now USD is overbought and GBP oversold though it is just a matter of time before the pair drops with the 1.21 level as the area to watch

AUD/USD: Despite a bullish surge, long term the Aussie is looking bearish with its reliance on a struggling Chinese economy

Hoy, con la investidura de Trump, el EUR/USD se estabiliza cerca de 1.0270. Si Trump anuncia guerras comerciales, el dólar podría fortalecerse, llevando el par a paridad.

U.S financial institutions will be mostly closed today because of the Martin Luther King Jr. holiday, but USD/MXN has seen buying escalate early this morning as President Trump prepares to take office.

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The USD/ZAR has traded lower early this morning and is near the 18.68550 ratio with a wide spread been demonstrated, this as U.S financial institutions prepare for the entrance of President Trump.

A major jump may be coming if it breaks above the 0.92 level significantly as this could lead to an 800-pip move

I wrote in my previous BTC/USD forecast almost one week ago that the technical picture had more bearish, with the price printing a series of lower highs and heading towards an area of very key support above $91,000.

The GBP/USD exchange rate resumed its downward trend after the recent UK and US economic numbers. The pair dropped to a low of 1.2170 and is nearing its lowest level since October 2023. It has fallen by almost 10% from its highest level in 2024.

The EUR/USD exchange rate was unchanged on Monday morning ahead of a data-lite week and key macro events like Donald Trump swearing in and the World Economic Forum event in Davos, Switzerland. The pair was trading at 1.0270, a few pips above this month’s low of 1.0178.

The British Pound has fallen a bit during the trading session on Friday, which in and of itself isn't surprising because we've seen it do that all week.

During my analysis of Bitcoin, the first thing that comes to the forefront is the fact that Bitcoin is rallying rather significantly, as we have broken through a significant short-term swing high, and now that we are above there, it looks like Bitcoin could continue to go looking to the upside. After all, the market had been in a major consolidation range, and now it looks like Bitcoin might go lo…

During my daily analysis of the major currency pairs, the AUD/USD pair is one that has caught my attention as we are hanging around the 0.62 level. The 0.62 level is an area that’s been important multiple times, so I think you should pay close attention to what goes on here. All things being equal, looks like a market that is going to be very noisy and choppy, and of course the fact that the area …

During my daily analysis of the major indices around the world, the NASDAQ 100 is always one of the first ones I look at, as it can give you a good idea as to what risk appetite might end up being. After all, these are some of the largest technology companies in the world, and therefore we need to have more of a “risk on attitude” in order to throw money at them.

The AUD/USD exchange rate remained on edge ahead of Donald Trump’s inauguration in the United States. The pair retreated below the psychological point at 0.6200, a few points above this month’s low of 0.6133.

The USD/CAD pair rose initially during the trading session on Friday, reaching the top of the recent consolidation area before giving back quite a bit of the gains. By doing so, it shows just how noisy and choppy the markets are right now, considering the currency markets are typically a lot less volatile than stock markets, which have been a bit of a monster themselves. That being said, this is a…

During the daily analysis that I do of major currency pairs, the USD/JPY pair has captured my attention as we tried to break down below the ¥155 level, which is an area that has been important multiple times. In fact, it is almost as if the level acts like a brick wall, so that tells you just how much support there is there.

Markets are seeing rising risk-on sentiment as economic data points towards an increasing likelihood of US rate cuts in the foreseeable future.

After opening this past Monday with strong selling and falling below the 1.02000 level, the EUR/USD did show some ability to create upwards momentum, but its price action remains uninspiring for bulls.

WTI Crude Oil did go above the 79.000 USD price level this past Wednesday, a mark not seen since August 2024, but then reversed lower and closing on Friday near the 77.055 ratio.

Get the weekly Forex forecast for major currency pairs for the week of January 20-25, 2025 here.

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The USD/CHF is drifting a little bit lower but it’s probably worth noting that the market is in the midst of a major hammer from the previous session.

During my daily analysis of exotic currency pairs, it’s worth noting that the USD/MXN pair has been very strong, as interest rates in America continue to climb.

The US dollar initially rallied a bit during the trading session, and that of course includes the British pound.

During my daily analysis of major currency pairs, the EUR/USD pair is one that I always check first, and right now it looks like it’s very neutral.

In my daily analysis of major currency pairs, the AUD/USD is what I find very interesting, as we are hanging around the 0.62 level.

The NASDAQ 100 did try to rally a bit during the course of the early hours on Thursday but really has just petered out as the downtrend line has caused a bit of trouble.

The dollar has rallied a bit against the Brazilian Real gaining about 80 basis points during the trading session on Thursday as we continue to see a lot of upward momentum for the greenback.

The US dollar rallied fairly significantly during the trading session on Thursday, but you can see we are giving back a little bit at the end of the session.