This site uses cookies to provide you with a great user experience. By visiting monetamarkets.com, you accept our cookie policy.
Allow all
This site uses cookies to provide you with a great user experience. By visiting monetamarkets.com, you accept our cookie policy.
Allow all
This website is operated by Moneta Markets Ltd, which is not authorised or regulated by the UK Financial Conduct Authority (FCA) and does not offer or promote services to UK residents. Access to this website is restricted in the UK and the content is not intended for distribution to, or use by, any person located in the UK. If you believe you have reached this website in error, please exit the page now
Please note that Moneta Markets operates this website and its services are not directed at residents of your jurisdiction.
The information on this site is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
If you have arrived here in error, we kindly advise you to exit the site.
Continue to Site
Global markets are trading cautiously as policy uncertainty continues to shape investor positioning, keeping the US Dollar supported while boosting demand for traditional safe havens. The Japanese Yen and Gold both attract buying interest amid intervention concerns, geopolitical risks, and lingering political uncertainty, while the Chinese Yuan remains steady under close PBOC management. Meanwhile, trade policy worries and partial US shutdown risks weigh on sentiment, adding to broader market defensiveness.
USD/CNY is trading near the lower end of its recent range after the PBOC set the daily fixing at 6.9608, slightly stronger than the previous reference. The move underscores continued official efforts to stabilize the Yuan amid uneven domestic growth momentum and persistent global policy uncertainty.
Geopolitical Risks: Global geopolitical tensions remain a background risk but are not driving immediate price action.
US Economic Data: Mixed US macro signals continue to influence Dollar positioning.
FOMC Outcome: Ongoing uncertainty over the Fed’s policy trajectory limits directional conviction.
Trade Policy: Lingering US-China trade concerns keep authorities cautious on excessive currency moves.
Monetary Policy: PBOC’s fixing guidance reflects an intent to curb volatility and manage expectations.
Trend: Sideways consolidation.
Resistance: 6.9800
Support: 6.9400
Forecast: USD/CNY is likely to remain range-bound as long as fixing guidance remains firm.
Market Sentiment: Neutral with a cautious bias.
Catalysts: Daily PBOC fixings, US-China policy developments.
USD/CAD has softened toward the 1.3650 area as concerns over a potential partial US government shutdown and renewed trade policy uncertainty weigh on the US Dollar, while stable oil prices offer modest support to the Canadian Dollar.
Geopolitical Risks: Global uncertainty continues to influence risk-sensitive currencies.
US Economic Data: Recent data has done little to offset growing fiscal and political concerns.
FOMC Outcome: Fed policy uncertainty limits aggressive USD buying.
Trade Policy: Trade-related concerns undermine broader USD sentiment.
Monetary Policy: Diverging Fed-BoC expectations remain a key structural factor.
Trend: Mild corrective pullback.
Resistance: 1.3720
Support: 1.3600
Forecast: USD/CAD may remain under mild pressure unless risk sentiment deteriorates sharply.
Market Sentiment: Cautiously bearish.
Catalysts: US fiscal headlines, oil price movements, Fed commentary.
USD/JPY has edged lower as the Japanese Yen strengthens on renewed intervention fears, though domestic political uncertainty in Japan continues to cap sustained upside for the currency.
Geopolitical Risks: Risk-off undertones support safe-haven Yen demand.
US Economic Data: Stable US data keeps yield differentials broadly intact.
FOMC Outcome: Fed uncertainty limits directional conviction.
Trade Policy: Global trade tensions reinforce defensive positioning.
Monetary Policy: Speculation over potential official intervention weighs on USD/JPY upside.
Trend: Mild bearish bias.
Resistance: 147.80
Support: 146.20
Forecast: USD/JPY may trade sideways to lower while intervention risks persist.
Market Sentiment: Defensive, Yen-supportive.
Catalysts: Japanese official comments, global risk sentiment shifts.
Gold has rebounded above the $4,800 level as safe-haven demand strengthens amid geopolitical tensions and heightened policy uncertainty, with traders closely watching developments surrounding potential US-Iran talks.
Geopolitical Risks: Middle East tensions continue to underpin safe-haven demand.
US Economic Data: Resilient data limits expectations for rapid Fed easing.
FOMC Outcome: Uncertainty around the Fed’s policy path supports hedging demand.
Trade Policy: Trade-related risks provide secondary support.
Monetary Policy: Higher-for-longer rate expectations cap upside but fail to derail momentum.
Trend: Bullish continuation.
Resistance: $4,850
Support: $4,720
Forecast: Gold may remain supported unless geopolitical risks ease materially.
Market Sentiment: Bullish with a defensive tilt.
Catalysts: Geopolitical headlines, US yields, Fed communication.
AUD/USD is holding firm as markets price in expectations that the RBA may raise interest rates in February, marking its first hike in over two years, amid persistent domestic inflation pressures.
Geopolitical Risks: Global uncertainty limits aggressive risk-on positioning.
US Economic Data: Stable US data supports the Dollar but lacks upside momentum.
FOMC Outcome: Fed caution tempers USD strength.
Trade Policy: China-linked trade dynamics remain relevant for the Aussie.
Monetary Policy: Hawkish RBA expectations provide underlying support.
Trend: Gradual recovery.
Resistance: 0.6650
Support: 0.6550
Forecast: AUD/USD may see further upside if RBA hike expectations strengthen.
Market Sentiment: Cautiously bullish.
Catalysts: RBA commentary, inflation data, China-related developments.
Overall, markets remain in a risk-aware stance as investors balance central bank expectations, geopolitical developments, and fiscal uncertainties. The Dollar’s resilience reflects its defensive appeal, while gains in the Yen and Gold highlight persistent demand for safety. With central bank decisions, trade dynamics, and geopolitical headlines in focus, near-term market direction is likely to stay sensitive to policy signals and risk sentiment shifts.
Ready to trade global markets with confidence? Join Moneta Markets today and unlock 1000+ instruments, ultra-fast execution, ECN spreads from 0.0 pips, and more! Start now with Moneta Markets!
