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6 01, 2026

Looks set for fresh rally above 212.20

By |2026-01-06T07:59:57+02:00January 6, 2026|Forex News, News|0 Comments

The GBP/JPY pair posts a fresh multi-year high at 212.15 during the Asian trading session on Tuesday. The pair trades firmly as the Japanese Yen (JPY) underperforms across the board, even as Bank of Japan (BoJ) Governor Kazuo Ueda has signaled that there will be more interest rate hikes in the near term.

Japanese Yen Price Today

The table below shows the percentage change of Japanese Yen (JPY) against listed major currencies today. Japanese Yen was the weakest against the New Zealand Dollar.

USD EUR GBP JPY CAD AUD NZD CHF
USD -0.06% -0.05% 0.05% 0.02% -0.17% -0.18% -0.03%
EUR 0.06% 0.02% 0.09% 0.08% -0.10% -0.12% 0.03%
GBP 0.05% -0.02% 0.08% 0.07% -0.12% -0.13% 0.01%
JPY -0.05% -0.09% -0.08% -0.03% -0.21% -0.23% -0.08%
CAD -0.02% -0.08% -0.07% 0.03% -0.18% -0.20% -0.05%
AUD 0.17% 0.10% 0.12% 0.21% 0.18% -0.01% 0.13%
NZD 0.18% 0.12% 0.13% 0.23% 0.20% 0.01% 0.14%
CHF 0.03% -0.03% -0.01% 0.08% 0.05% -0.13% -0.14%

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Japanese Yen from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent JPY (base)/USD (quote).

“BoJ expected to continue raising interest rates if economy and prices move in line with our forecast,” Governor Ueda said on Monday, and added that adjusting the degree of monetary support will help achieve “sustained growth and stable inflation”.

This week, investors will focus on the Overall Household Spending data for November, which will be published on Friday. The data is expected to have declined at a moderate pace of 1% against a 3% contraction in October.

Meanwhile, the Pound Sterling (GBP) trades higher against its peers, except antipodeans, as the market sentiment turns positive after the risks of a United States (US)-Venezuela clash subsiding. The British currency is expected to be majorly driven by market expectations for the Bank of England’s (BoE)monetary policy outlook amid a light United Kingdom (UK) economic calendar week.

GBP/JPY technical analysis

In the daily chart, GBP/JPY trades at 211.92 as of writing. The 20-day Exponential Moving Average (EMA) rises and provides support at 210.04. Price holds above this rising gauge, preserving the bullish bias.

The 14-day Relative Strength Index (RSI) at 70.84 is positive but carries risks of stretched momentum.

As long as the pair remains above the ascending 20-day EMA, the trend is positive and could extend towards 215.00. While a close below 210.04 could invite a corrective pullback towards the December 19 low of 208.00.

(The technical analysis of this story was written with the help of an AI tool.)

Bank of Japan FAQs

The Bank of Japan (BoJ) is the Japanese central bank, which sets monetary policy in the country. Its mandate is to issue banknotes and carry out currency and monetary control to ensure price stability, which means an inflation target of around 2%.

The Bank of Japan embarked in an ultra-loose monetary policy in 2013 in order to stimulate the economy and fuel inflation amid a low-inflationary environment. The bank’s policy is based on Quantitative and Qualitative Easing (QQE), or printing notes to buy assets such as government or corporate bonds to provide liquidity. In 2016, the bank doubled down on its strategy and further loosened policy by first introducing negative interest rates and then directly controlling the yield of its 10-year government bonds. In March 2024, the BoJ lifted interest rates, effectively retreating from the ultra-loose monetary policy stance.

The Bank’s massive stimulus caused the Yen to depreciate against its main currency peers. This process exacerbated in 2022 and 2023 due to an increasing policy divergence between the Bank of Japan and other main central banks, which opted to increase interest rates sharply to fight decades-high levels of inflation. The BoJ’s policy led to a widening differential with other currencies, dragging down the value of the Yen. This trend partly reversed in 2024, when the BoJ decided to abandon its ultra-loose policy stance.

A weaker Yen and the spike in global energy prices led to an increase in Japanese inflation, which exceeded the BoJ’s 2% target. The prospect of rising salaries in the country – a key element fuelling inflation – also contributed to the move.

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6 01, 2026

XAU/USD appears in a win-win situation ahead of key US jobs data

By |2026-01-06T06:34:33+02:00January 6, 2026|Forex News, News|0 Comments


Gold is looking to build on the previous over 2.5% rally early Tuesday, retaking the $4,450 level as prospects of further US Federal Reserve (Fed) interest rate cuts this year continue to act as a headwind to the US Dollar (USD) recovery.  

Gold cheers softer US Dollar, geopolitical woes

Gold has found fresh buyers, sitting at weekly highs above $4,450, after having dipped to near the $4,430 region earlier on. The latest leg up in Gold could be attributed to the renewed selling interest around the USD amid improving risk sentiment.

Markets shrug off the US-Venezuela geopolitical tensions, now viewing the US intervention as limited, shifting their focus back toward the expectations surrounding future rate cuts by the Fed heading in the US labor data releases due later this week.

The dovish Fed bets returned to the fore on Monday and smashed the USD alongside the US Treasury bond yields after the US ISM Manufacturing PMI declined to 47.9 in December, against the forecast of 48.3.

Slowing US economic momentum and labor market conditions continue to remain a drag on the Greenback, as markets now eagerly await the US ADP monthly Employment Change and JOLTS Job Openings data due on Wednesday before Friday’s Nonfarm Payrolls showdown.

However, if the geopolitical tensions over the US and Venezuela gather steam again, a fresh bout of USD buying could re-emerge on safe haven flows, which will likely cap the Gold price upside. All eyes are on China’s and Russia’s response to the US military aggression.

Meanwhile, the overthrown Venezuelan President Nicolas Maduro pleaded not guilty before a New York Federal court on Monday to multiple charges.

US President Donald Trump’s capture of him on Saturday rattled world leaders and left officials in Caracas scrambling to regroup, per Reuters.

Gold price technical analysis: Daily chart

In the daily chart, the 21-day Simple Moving Average (SMA) climbs above the 50-, 100-, and 200-day SMAs, signaling firm bullish alignment. All SMAs advance and the price holds above them, reinforcing buyers’ control. The 21-day SMA at $4,349.26 supports the near-term bias, while the 50-day SMA at $4,201.11 underpins the broader trend.

The 14-day Relative Strength Index (RSI) stands at 64.41, positive and shy of overbought, suggesting momentum favors the upside. Should pullbacks emerge, the rising 21-day SMA could cap losses, while a deeper retracement would look toward the 100-day SMA at $3,985.64. The bullish tone would persist while XAU/USD trades above these moving averages.

(The technical analysis of this story was written with the help of an AI tool)

Economic Indicator

ADP Employment Change

The ADP Employment Change is a gauge of employment in the private sector released by the largest payroll processor in the US, Automatic Data Processing Inc. It measures the change in the number of people privately employed in the US. Generally speaking, a rise in the indicator has positive implications for consumer spending and is stimulative of economic growth. So a high reading is traditionally seen as bullish for the US Dollar (USD), while a low reading is seen as bearish.



Read more.

Next release:
Wed Jan 07, 2026 13:15

Frequency:
Monthly

Consensus:
45K

Previous:
-32K

Source:

ADP Research Institute



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6 01, 2026

Looks to build on strength above 1.1735 hurdle

By |2026-01-06T05:57:33+02:00January 6, 2026|Forex News, News|0 Comments

The EUR/USD pair attracts fresh buyers near the 1.1710 area during the Asian session on Tuesday and builds on the previous day’s solid bounce from the 1.1660 area, or a nearly four-week low. Spot prices currently trade around the 1.1735 region, up 0.10% for the day, and seem poised to climb further amid a supportive fundamental backdrop.

The US Dollar (USD) drifts lower for the second straight day and moves further away from its highest level since December 10, touched on Monday, amid dovish US Federal Reserve (Fed) expectations. Furthermore, bets that the European Central Bank (ECB) is done cutting rates seem to support the shared currency and act as a tailwind for the EUR/USD pair.

An intraday strength beyond the 1.1735 confluence – comprising the 100-hour Simple Moving Average (SMA) and the 50% Fibonacci retracement level of the 1.1808-1.1660 fall – validates the positive outlook. Moreover, the Moving Average Convergence Divergence (MACD) has turned positive and edges higher, hinting at improving upside momentum.

Adding to this, the Relative Strength Index (RSI) at 59 supports further gains, with the 61.8% Fibo. retracement level, around mid-1.1700s, forming the next resistance. A push through these barriers would strengthen the corrective tone, whereas failure to clear them would leave EUR/USD vulnerable to renewed consolidation within the recent range.

(The technical analysis of this story was written with the help of an AI tool)

EUR/USD 1-hour chart

Euro FAQs

The Euro is the currency for the 20 European Union countries that belong to the Eurozone. It is the second most heavily traded currency in the world behind the US Dollar. In 2022, it accounted for 31% of all foreign exchange transactions, with an average daily turnover of over $2.2 trillion a day.
EUR/USD is the most heavily traded currency pair in the world, accounting for an estimated 30% off all transactions, followed by EUR/JPY (4%), EUR/GBP (3%) and EUR/AUD (2%).

The European Central Bank (ECB) in Frankfurt, Germany, is the reserve bank for the Eurozone. The ECB sets interest rates and manages monetary policy.
The ECB’s primary mandate is to maintain price stability, which means either controlling inflation or stimulating growth. Its primary tool is the raising or lowering of interest rates. Relatively high interest rates – or the expectation of higher rates – will usually benefit the Euro and vice versa.
The ECB Governing Council makes monetary policy decisions at meetings held eight times a year. Decisions are made by heads of the Eurozone national banks and six permanent members, including the President of the ECB, Christine Lagarde.

Eurozone inflation data, measured by the Harmonized Index of Consumer Prices (HICP), is an important econometric for the Euro. If inflation rises more than expected, especially if above the ECB’s 2% target, it obliges the ECB to raise interest rates to bring it back under control.
Relatively high interest rates compared to its counterparts will usually benefit the Euro, as it makes the region more attractive as a place for global investors to park their money.

Data releases gauge the health of the economy and can impact on the Euro. Indicators such as GDP, Manufacturing and Services PMIs, employment, and consumer sentiment surveys can all influence the direction of the single currency.
A strong economy is good for the Euro. Not only does it attract more foreign investment but it may encourage the ECB to put up interest rates, which will directly strengthen the Euro. Otherwise, if economic data is weak, the Euro is likely to fall.
Economic data for the four largest economies in the euro area (Germany, France, Italy and Spain) are especially significant, as they account for 75% of the Eurozone’s economy.

Another significant data release for the Euro is the Trade Balance. This indicator measures the difference between what a country earns from its exports and what it spends on imports over a given period.
If a country produces highly sought after exports then its currency will gain in value purely from the extra demand created from foreign buyers seeking to purchase these goods. Therefore, a positive net Trade Balance strengthens a currency and vice versa for a negative balance.

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6 01, 2026

XAG/USD rises to near $72.50 due to bullish bias

By |2026-01-06T04:32:39+02:00January 6, 2026|Forex News, News|0 Comments


Silver price (XAG/USD) gains nearly 4%, trading around $75.50 during the European hours on Monday. The technical analysis of the daily chart timeframe suggests the price of the precious metal remains within an ascending channel pattern, suggesting a persistent bullish bias.

The 14-day Relative Strength Index (RSI) at 66.57 remains bullish without entering overbought territory. RSI has turned higher again, reinforcing improving bullish pressure.

The nine-day Exponential Moving Average (EMA) rises well above the 50-day EMA, and the XAG/USD pair holds over both, preserving an upward bias. Both averages maintain positive slopes after a sustained advance. Momentum stays supportive while the metal consolidates above the rising nine-day EMA, keeping the path of least resistance to the upside.

The short-term average remains bullish and keeps the topside in focus, and opens a path toward resistance at the upper boundary of the ascending channel around $83.10. A break above the channel would help the Silver price to approach the record high of $85.87, which was recorded on December 29, 2025.

On the downside, the immediate support aligns at the nine-day EMA of $72.38, followed by the lower ascending channel boundary around $72.10. A daily close below the channel would open a correction toward the 50-day EMA at $60.85.

XAG/USD: Daily Chart

Silver FAQs

Silver is a precious metal highly traded among investors. It has been historically used as a store of value and a medium of exchange. Although less popular than Gold, traders may turn to Silver to diversify their investment portfolio, for its intrinsic value or as a potential hedge during high-inflation periods. Investors can buy physical Silver, in coins or in bars, or trade it through vehicles such as Exchange Traded Funds, which track its price on international markets.

Silver prices can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can make Silver price escalate due to its safe-haven status, although to a lesser extent than Gold’s. As a yieldless asset, Silver tends to rise with lower interest rates. Its moves also depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAG/USD). A strong Dollar tends to keep the price of Silver at bay, whereas a weaker Dollar is likely to propel prices up. Other factors such as investment demand, mining supply – Silver is much more abundant than Gold – and recycling rates can also affect prices.

Silver is widely used in industry, particularly in sectors such as electronics or solar energy, as it has one of the highest electric conductivity of all metals – more than Copper and Gold. A surge in demand can increase prices, while a decline tends to lower them. Dynamics in the US, Chinese and Indian economies can also contribute to price swings: for the US and particularly China, their big industrial sectors use Silver in various processes; in India, consumers’ demand for the precious metal for jewellery also plays a key role in setting prices.

Silver prices tend to follow Gold’s moves. When Gold prices rise, Silver typically follows suit, as their status as safe-haven assets is similar. The Gold/Silver ratio, which shows the number of ounces of Silver needed to equal the value of one ounce of Gold, may help to determine the relative valuation between both metals. Some investors may consider a high ratio as an indicator that Silver is undervalued, or Gold is overvalued. On the contrary, a low ratio might suggest that Gold is undervalued relative to Silver.

(The technical analysis of this story was written with the help of an AI tool.)



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6 01, 2026

XAU/USD recovers its bullish stance on geopolitical turmoil, tepid US data

By |2026-01-06T02:31:31+02:00January 6, 2026|Forex News, News|0 Comments


XAU/USD Current price: $4,445

  • United States intervention in Venezuela spurred demand for safe-haven Gold.
  • The US ISM Manufacturing PMI contracted to 47.9 in December, worse than expected.
  • The XAU/USD pair is technically bullish after bouncing from its 20-day SMA.

Spot Gold trades around the $4,450 level on Monday, sharply up on a daily basis amid broad US Dollar (USD) weakness. The bright metal found support throughout the first half of the day on geopolitical turmoil, extending its advance afterwards on the back of poor United States (US) data.

The world found out on Saturday that US President Donald Trump ordered a strike on Venezuela, capturing President Nicolás Maduro and his wife and bringing them to the US to be judged on narco-terrorism, among other charges. The news triggered global noise and boosted demand for the safe-haven metal, as caution rules.

Early in the American session, the USD suffered a setback following the release of the December Institute for Supply Management (ISM) Manufacturing Purchasing Managers’ Index (PMI). The index came in at 47.9, below the expected 48.3, and worse than the 48.2 posted in November. The report also showed that the Employment Index improved slightly to 44.9 from 44 in November, while the Prices Paid Index, the inflation component, remained unchanged at 58.5.

The US labor market will take centre stage this week, as the country will release multiple employment-related figures. The ADP employment Change report for December and November JOLTS Job Openings will be out on Wednesday, while weekly unemployment data will be released on Thursday, and the all-mighty Nonfarm Payrolls (NFP) report will be out on Friday.

XAU/USD short-term technical outlook

From a technical point of view, the 4-hour chart shows XAU/USD trades at $4,445.56, roughly $45.50 up for the day. The same chart shows the 20-period Simple Moving Average (SMA) has turned higher but still trails the rising 100-period SMA, both around the $4,370 level. The 200-period SMA, in the meantime, advances at $4,267 underpinning the broader structure. Also, the Momentum indicator stands above 0 and expands, signaling strengthening buying interest. Finally, the Relative Strength Index (RSI) indicator is heading north around 60, in line with the dominant bullish trend.

In the daily chart, XAU/USD bounced after testing a bullish 20-day SMA at $4,343, which also rose above the bullish 100- and 200-day SMAs, all of which reinforce the bullish bias. The Momentum indicator advances above its midline, while the RSI indicator has partially lost its upward strength at around 63, underpinning the broader uptrend.

(The technical analysis of this story was written with the help of an AI tool)



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6 01, 2026

AUD/JPY Forecast Today 05/01:Aussie Dollar Continues

By |2026-01-06T01:55:48+02:00January 6, 2026|Forex News, News|0 Comments

  • Short-term pullbacks are buying opportunities as we wait for value to appear in this pair.

AUDJPY

The Australian dollar spent the first part of the session on Friday rallying against the Japanese yen and even piercing the 105 yen level yet again. That being said, this is a market that continues to see a lot of noise above there, and it should be no surprise that we have, in fact, turned right back around after that move.

All things being equal, this is a market that I still believe in the upside, and it is worth noting that you get paid to hold onto it at the end of every session. We’ve been in an uptrend for a while, and despite the fact that we have flipped the calendar into 2026, I don’t think anything has truly changed.

Market Outlook and Key Support Levels

Short-term pullbacks are buying opportunities as we wait for some type of value. Keep in mind that the Japanese yen is considered to be a safety currency, and the Australian dollar, of course, is considered to be more of a risk-on commodity type of currency.

The 104 yen level should continue to be support and with that being said, I think we have a buy on the dip scenario. The 50-day EMA is all the way down at the 102.26 yen level and rising, so I think that is also dynamic support.

To the upside, if we can finally clear the 105 yen level, it’s likely that we go much higher, perhaps looking to the 107 yen level based on a measured move of the recent consolidation. Keep in mind that the Bank of Japan did recently raise rates, but they can only tighten monetary policy so much as the debt level in Japan is dire, to say the least. With that being the case, I look at this as a market that should continue to pay you over time if you hold it to the long side. I’ve got no interest in getting short, unless of course we get some type of external factor.

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Christopher Lewis has been trading Forex and has over 20 years experience in financial markets. Chris has been a regular contributor to Daily Forex since the early days of the site. He writes about Forex for several online publications, including FX Empire, Investing.com, and his own site, aptly named The Trader Guy. Chris favours technical analysis methods to identify his trades and likes to trade equity indices and commodities as well as Forex. He favours a longer-term trading style, and his trades often last for days or weeks.

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6 01, 2026

Natural Gas Price Forecast: Hammer Forms After Fresh Retracement Low

By |2026-01-06T00:30:37+02:00January 6, 2026|Forex News, News|0 Comments


78.6% Retracement Recovery Adds Short-Term Significance

There are two indicators to note when looking to see if there is some significance to Monday’s new retracement low. An internal uptrend line was close to Monday’s low and marked potential dynamic support. More significant is the relationship to the 78.6% Fibonacci retracement at $3.45. It was broken to the downside earlier in Monday’s session but has since been recovered. Natural gas is on track to end the day with a bull hammer candle and a recovery of the 78.6% retracement, which will confirm with a daily close above the level. So, the daily close is set to show support near the Fibonacci level.

First Close Below 200-Day Average Since October

Despite the minor short-term signs of strength, today’s decline put natural gas below the 200-day moving average for the first time since late October, and it is set to close in a similar, relatively bearish position. Signs of strong support was possible near the 200-day line since it had not been tested as support after it was reclaimed at the end of October. The bearish failure confirmed by a daily close below the 200-day average today will suggest that downside pressure may yet remain.

Reclaim Levels Needed to Confirm Improving Demand

The 200-day line is now at $3.57, and Friday’s lower daily high is at $3.70. Although a reclaim of the 200-day average will show improving demand, a sustained breakout above a lower daily high will provide greater assurance that demand is continuing to improve and that the reclaim of the 200-day line may be sustainable.

Lower ABCD Projection Defines Deeper Downside Risk

If sellers remain in charge before a bounce, there is another potential target a little lower than what has been seen so far, at $3.26. That target is the 78.6% projection for a falling ABCD pattern that defines the measured moves of the bearish correction that followed the $5.50 peak in early-December.

For a look at all of today’s economic events, check out our economic calendar.



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5 01, 2026

EUR/USD, GBP/USD and EUR/GBP Forecasts – US Dollar Finds a Bid

By |2026-01-05T23:54:40+02:00January 5, 2026|Forex News, News|0 Comments

The interest rate differential between the two currencies is negligible at best now, so we’re not even playing along those lines. We’re just trying to figure out whether or not the Bank of England is going to start a larger rate-cutting cycle or not. We already know that the Federal Reserve is likely to cut rates again once or twice, but there are also a lot of questions as to when.

I think you’ve got a lot of concern here playing out, but the British pound has outperformed most of its contemporaries against the US dollar for some time now, be it up or down. It seems to be either stronger or less bad than other currencies, so I expect the dollar to have more of a fight here than it will against other currencies.

EUR/GBP Technical Analysis

The Euro has fallen pretty significantly against the British pound early in the session as we look like we are rolling over at a major resistance barrier. At this point, I think you have to look at this through the prism of a market that is just simply reflecting the reality that the Euro is a lot weaker than the pound against most currencies. So, when you match the two together, this trade makes perfect sense.

We have smashed through a short-term trendline and we’ve smashed through significant support. At this point, I anticipate that this market will continue to go lower, probably down to the 0.86 level initially, and then possibly even lower than that. We’ll just have to wait and see, but this is a pair that I am most certainly interested in shorting, and as a result, I think you have to look at this as an opportunity.

For a look at all of today’s economic events, check out our economic calendar.

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5 01, 2026

AT&T price gives in to negative pressures – Forecast today

By |2026-01-05T22:29:32+02:00January 5, 2026|Forex News, News|0 Comments


AT&T Inc. (T) declined in its latest intraday trading after colliding with resistance at its 50-day SMA, which exposed the stock to mounting negative pressure. This pressure intensified with the emergence of negative signals from the RSI after reaching severely overbought levels, exaggerated relative to price action, while the main bearish trend continues to dominate the short term.

 

Therefore we expect the stock price to decline in the upcoming trading sessions, as long as resistance at $25.00 holds, to target the key support level at $24.00.

 

Today’s price forecast: Bearish





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5 01, 2026

Weekly Crude Oil Forecast – 05th to 12th January 2026

By |2026-01-05T20:27:33+02:00January 5, 2026|Forex News, News|0 Comments


The WTI crude oil price is showing signs of bottoming after hitting a key support level at $55.40. It has plunged by over 25% from its highest level in 2025 and is hovering near its lowest level in years.

WTI Crude Oil to React Mildly to Venezuela Crisis

Crude oil prices will be in the spotlight on Monday as the market comes to terms with the recent developments in Venezuela, where Donald Trump staged a major attack and arrested the country’s president.

In his press conference, Trump insisted that the United States will now be in charge of the country, with its large energy companies investing billions of dollars.

In theory, the fall of the Maduro regime should be bearish for oil prices. For one, with the US in control, it means that sanctions will be lifted and that production will be boosted.

However, in reality, Venezuela is still a small player in the oil market, producing less than 1 million barrels of oil a day. Also, American investments will take years to materialize. And worse, regime changes often lead to destabilization of countries and supply.

The other main catalyst for the WTI crude oil price will be the OPEC+ meeting in which officials are expected to stick with their plans to pause supply increases in the first quarter. The cartel increased supply rapidly last year, leading to concerns about oversupply in the market.

Meanwhile, the US will publish the first inventory report on Wednesday. The report by the EIA is expected to show that inventories dropped by over 1 million in the last week of the month.

Crude Oil Technical Analysis

The weekly chart shows that the WTI crude oil price has been in a strong downward trend in the past few months. It bottomed at $54.40, its lowest level in April and December last year.

Oil has formed a double-bottom pattern, which is made up of two lower swings and a a neckline, which is at $77.32.

However, technical indicators suggest that oil may continue falling in the near term. For one, the price remains below the 50-week and 100-week Exponential Moving Averages (EMA). The MACD and the Relative Strength Index (RSI) have continued falling in the past few weeks.

Therefore, the most likely oil forecast is neutral with a bullish bias. The bullish outlook will remain as long as it is above the double-bottom pattern point at $55.39. A drop below that level will point to more downside, potentially to $50.

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