News & Analysis

Weak GDP figures saw interest rates traders fully price in three 25bp RBA cuts by Feb 2026. And AUD/USD could have traded much lower on Wednesday, were it not for a stronger yuan coming to the Aussies rescue later in the day.

Gold prices are trading just 5% off the record high with the December range taking shape above uptrend support. Battle lines drawn on the XAU/USD weekly technical chart.

A rebound off trend support keeps the focus on a breakout of the weekly range heading into NFPs on Friday. Battle lines drawn on the DXY short-term technical charts.

EURUSD, Dow Forecast: The EURUSD maintains its rebound above the key 1.0333 level, while the Dow pauses near record highs above 45,000, and the DXY holds steady at critical support ahead of Friday's NFP.

Today's growth figures are unlikely to force the RBA into any easing action, but it has been enough to weigh on the Australian dollar and ASX 200. And this could allow EUR/AUD to continue higher after a 4-day retracement.

Having fallen over 5% from the November high already, the two days of indecision around support alongside a bullish divergence suggest USD/JPY could be vulnerable to some bullish mean reversion.

Australian Dollar is poised for a breakout with AUD/USD coiling just above support near the yearly lows. Battle lines drawn on the Aussie short-term technical charts.

Euro rallied 2.5% off the yearly low with EUR/USD carving the December opening-range just below a key pivot zone. Battlelines drawn on the short-term technical charts.

Risk sentiment and rate differentials are dictating directional risks for USD/NOK and NOK/JPY. With weakening ties to US rates and oil, and carry trade flows dominating NOK/JPY, we look at setups as we head toward year-end.