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India Industrial Output up to 6.7% in November from previous 0.4%
India Industrial Output up to 6.7% in November from previous 0.4%
Gold Price Forecast: XAU/SD retreats to the $4,445 area in thin trading
Gold (XAU/USD) has dropped about $80 from the all-time highs at $4,550 area hit last week to session lows at $4,445 on Monday, weighed by hopes of a peace deal in Ukraine and a moderate recovery of the US Dollar, amid thin year-end trading.Precious metals retreated sharply on Monday, after US Presid
NZD/USD weakens on US Dollar rebound ahead of Fed Minutes release
NZD/USD trades around 0.5810 on Monday at the time of writing, down 0.40% on the day, marking a third consecutive day of losses.
WTI holds gains near $57.50 due to potential supply concerns
West Texas Intermediate (WTI) Oil price rebounds after registering 2.5% losses in the previous session, trading around $57.30 per barrel during the European hours on Monday. Crude Oil prices rise as investors weigh the risk of a global supply glut amid potential delays to a Ukraine peace deal.
USD/CAD Price Forecast: Attracts bids below 78.6% Fibo retracement at 1.3670
The USD/CAD pair trades 0.18% higher to near 1.3700 during the European trading session on Monday. The Loonie pair gains as the Canadian Dollar (CAD) is under pressure amid thin liquidity in markets at the start of a holiday-shortened week.
Pound Sterling trades calm near recent highs amid hopes of BoE moderate easing cycle
The Pound Sterling (GBP) trades calmly against its major peers at the start of the last week of 2025, holding steady around 1.3500 against the US Dollar (USD). The British currency remains broadly firm as investors expect the Bank of England (BoE) to follow a moderate monetary easing cycle in 2026.
GBP/JPY Price Forecast: Pound fails at the 211.50 area, drifts toward 210.05
The Yen is trimming recent losses against its main peers on Monday, which has triggered a nearly 100-pip reversal on the GBP/JPY. The pair is trading near 210.50 at the time of writing after pulling back from session highs at 211.43.
USD/JPY Price Forecast: Falls toward 156.00 after breaking below nine-day EMA
USD/JPY retraces its recent gains registered in the previous session, trading around 156.10 during the European hours on Monday. On the daily chart, technical analysis indicates the 14-day Relative Strength Index (RSI) sitting at 52.80 (neutral) after easing from recent readings.
EUR/USD drifts away from three-month highs in thin year-end trading
EUR/USD is trading lower for the fourth consecutive day on Monday, changing hands near 1.1770 after having peaked at levels right above 1.1800 last week, as the US Dollar (USD) recovers slightly in a calm trading session.
EUR/GBP stays below 0.8750 as eyes focus on ECB, BoE outlook
EUR/GBP inches lower after registering gains in the previous session, trading around 0.8720 during the early European hours on Monday. The currency cross depreciates as the Pound Sterling (GBP) gains on a cautious tone surrounding the Bank of England’s (BoE) policy outlook.
USD/INR edges higher on pent-up US Dollars' demand
The Indian Rupee (INR) opens mildly lower against the US Dollar (USD) at the start of the last week of 2025.
Sweden Trade Balance (MoM) rose from previous 1.5B to 11.6B in November
Sweden Trade Balance (MoM) rose from previous 1.5B to 11.6B in November
EUR/JPY weakens below 184.00 as BoJ signals further tightening
The EUR/JPY cross attracts some sellers to around 183.80 during the early European session on Monday. The Japanese Yen (JPY) strengthens against the Euro (EUR) as the Bank of Japan’s (BoJ) Summary of Opinions from the December policy meeting reinforced expectations of continued tightening in 2026.
Forex Today: Gold and Silver correct from record peaks
Here is what you need to know on Monday, December 29:
Australian Dollar holds ground on hawkish RBA tone
The Australian Dollar (AUD) rises against the US Dollar (USD), reaching a 14-month high of 0.6727 on Monday. The AUD/USD pair strengthens as the Aussie Dollar finds support amid growing expectations of interest rate hikes from the Reserve Bank of Australia (RBA).
Gold drifts lower as traders take profits after record high
Gold price (XAU/USD) retreats from a record high near $4,550 during the early European trading hours on Monday as traders book some profits ahead of holidays. A renewed US Dollar (USD) could also weigh on the precious metal, as it makes Gold more expensive for non-US buyers, pressuring prices.
USD/CHF ticks up to near 0.7900 as US Dollar edges higher
The USD/CHF pair edges up to near 0.7900 during the late Asian trading session on Monday. The Swiss Franc pair trades mildly higher as the US Dollar (USD) ticks up, with the US Dollar Index (DXY) rising to near 98.15.
Russia S&P Global Manufacturing PMI declined to 48.1 in December from previous 48.3
Russia S&P Global Manufacturing PMI declined to 48.1 in December from previous 48.3
Pound Sterling Price News and Forecast: GBP/USD loses momentum, pressured by renewed US Dollar demand
The GBP/USD pair loses momentum near 1.3485 during the early European session on Monday, pressured by renewed US Dollar (USD) demand. The potential downside for a major pair might be limited, as the Bank of England (BoE) guided that monetary policy will remain on a gradual downward path.
GBP/USD Price Forecast: Softens below 1.3500 but retains positive technical outlook
The GBP/USD pair loses momentum near 1.3485 during the early European session on Monday, pressured by renewed US Dollar (USD) demand. The potential downside for a major pair might be limited, as the Bank of England (BoE) guided that monetary policy will remain on a gradual downward path.
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