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USD/CAD Eyes Break Below 1.3750 as DXY Hits Eight‑Week Low Ahead of Canadian CPI
The US Dollar Index (DXY) is trading near an eight‑week low around 98.13 as Fed‑cut odds rise, while the Bank of Canada signals rates are 'about the right level' and Canadian CPI is expected to firm — creating a potential short opportunity on USD/CAD.
Bitcoin Rallies as Dollar Weakness Boosts EUR/USD Rebound
A softer US dollar on cooling inflation signals and dovish Fed tone lifted risk assets, pushing Bitcoin higher while EUR/USD staged a technical rebound. Traders should weigh volatility and correlation risks when planning crypto trading and forex trading strategies.
GBP/USD Falls After UK GDP Contracts for Second Month
UK monthly GDP contracted 0.1% in October, the second consecutive decline and a sizeable miss versus consensus, triggering immediate selling pressure on the Pound and heavier moves in GBP crosses. Short-term opportunities appear in GBPUSD and EURGBP as markets price weaker BoE policy and higher political risk.
Gold Rallies Above $4,300 After Fed Rate Cut; XAU/USD Eyes Record Highs
Gold surged past $4,300/oz after the Fed cut rates 25 bps and Powell signalled further easing may be possible, pushing real yields lower and boosting safe-haven demand. Traders should watch technical resistance near $4,350–4,381 and support around $4,250 for near-term trade setups.
Russell 2000 Hits Record High After Fed Rate Cut — What It Means for Bitcoin (BTCUSD)
The Russell 2000 printed a five-year record high after the Fed cut 25bps and launched a $40bn T‑bill purchase program. We examine implications for Bitcoin (BTCUSD), trading opportunities, and practical risk management for traders.
CFTC Withdraws 'Actual Delivery' Guidance; BTC Strengthens as USD Weakness Lifts AUD/USD
The CFTC withdrew its 2020 'actual delivery' guidance, easing operational constraints for exchanges and supporting BTCUSD. At the same time, US data and a weaker dollar are driving tactical gains in AUD/USD and other risk-sensitive FX pairs.
USD/JPY Tests 156.00 Ahead of BoJ Decision; Break Could Push Pair Toward 158.00
USD/JPY has edged above 156.00 as risk-on flows and concerns over Japan's fiscal outlook leave the pair poised for further gains ahead of the BoJ decision on Dec 18–19. Traders should monitor a sustained close above 156.00 for trend-following opportunities and respect key supports at 155.00–154.00.
USD/JPY Dips After Dovish Fed Signal as BoJ Hike Looms; EUR/USD Clears 1.1700
Weaker US jobs data and a 25bp Fed rate cut pushed markets toward a softer dollar, driving USD/JPY lower and helping EUR/USD clear 1.1700. Traders should weigh short-term USD/JPY setups against the risk of a BoJ rate move and fiscal reflation in Japan.
Gold Jumps After Fed 25bp Cut; XAU/USD Eyes $4,300 Close
Gold rallied after the Federal Reserve cut rates by 25 basis points and signalled a pause, driving USD weakness and lifting XAU/USD toward key resistance near $4,300. EUR/USD also extended gains as softer US labour data weighed on the dollar.