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4 weeks ago | 
fxdailyreport.com | Usman Ahmed |Daffa Zaky
The USD/CAD pair remains under pressure for the fourth consecutive session, hovering around 1.4260 during Thursday’s Asian trading hours. The weakness is largely due to...
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Jan 24, 2025 | 
fxdailyreport.com | Usman Ahmed
The USD/CHF pair remains subdued near 0.9045 in Friday’s early European session, as the US Dollar (USD) faces headwinds following dovish remarks by US President Donald Trump. During his virtual address at the World Economic Forum in Davos, Trump advocated for lower interest rates globally, emphasizing that declining oil prices should trigger immediate rate cuts.
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Jan 24, 2025 | 
fxdailyreport.com | Usman Ahmed
EUR/GBP is trading higher near 0.8440 on Friday, recovering from prior session losses as investors await preliminary January PMI data from the Eurozone and the UK. The pair benefits from a stronger Euro, buoyed by improved risk sentiment following US President Donald Trump’s call for global interest rate cuts. Trump highlighted falling oil prices as justification for immediate rate reductions, pressuring global central banks, including the US Federal Reserve.
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Jan 23, 2025 | 
fxdailyreport.com | Usman Ahmed
The AUD/USD pair trades in a narrow range, staying below the immediate resistance of 0.6300 during Thursday’s North American session. The market remains cautious as US President Donald Trump has yet to unveil a comprehensive tariff plan, leaving investors to speculate on his intentions. While Trump has hinted at imposing 25% tariffs on Canada and Mexico and 10% on China starting February 1, the lack of a detailed policy keeps risk-sensitive assets like the Australian Dollar (AUD) subdued.
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Jan 23, 2025 | 
fxdailyreport.com | Usman Ahmed
NZD/USD remains on the back foot for the third consecutive session, hovering near 0.5660 during Thursday’s European session. The pair struggles to gain traction as the US Dollar (USD) strengthens, supported by hawkish sentiment surrounding the Federal Reserve’s (Fed) monetary policy outlook. The CME FedWatch tool shows that markets expect the Fed to maintain its current interest rate range of 4.25%-4.50% over the next three meetings.
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Jan 22, 2025 | 
fxdailyreport.com | Usman Ahmed
The USD/CAD pair sees dip-buying interest after a sharp pullback but struggles to gain momentum beyond the mid-1.4300s. A modest recovery in US Treasury bond yields supports the US Dollar (USD), pulling it away from a two-week low revisited Tuesday. On the other hand, the Canadian Dollar (CAD) faces headwinds from expectations of continued Bank of Canada (BoC) rate cuts in 2025, following a decline in Canada’s annual inflation rate to 1.8% in December.
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Jan 22, 2025 | 
fxdailyreport.com | Usman Ahmed
The USD/JPY pair rises during the North American session, trading above the 156.00 mark with a 0.41% gain. Support for the pair stems from US President Donald Trump’s aggressive trade rhetoric targeting China, Canada, Mexico, and the EU. Trump mentioned a potential 10% tariff on Chinese goods starting February 1 and hinted at duties on European goods, boosting demand for the US Dollar (USD).
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Jan 21, 2025 | 
fxdailyreport.com | Usman Ahmed
The GBP/USD pair traded under bearish pressure on Tuesday, dropping below 1.2300 as the US Dollar (USD) gains traction following tariff threats from US President Donald Trump. GBP/USD hovers around 1.2250 when writing, down 0.6% daily. The pair experienced a sharp rally on Monday, registering a 1.3% gain amid broad USD selling driven by speculation that Trump would not announce immediate tariffs during his inauguration.
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Jan 21, 2025 | 
fxdailyreport.com | Usman Ahmed
The EUR/USD pair remains under pressure on Tuesday, trading below 1.0400 as risk-off sentiment and sustained US Dollar (USD) demand weigh on the Euro. After gaining over 1% on Monday, the pair has given up its momentum amid renewed geopolitical and trade concerns. The USD rallied following US President Donald Trump’s comments threatening tariffs on imports from Mexico and Canada, as well as potential penalties on China if a TikTok deal is not approved.
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Jan 20, 2025 | 
fxdailyreport.com | Usman Ahmed
USD/CHF trades near 0.9070 during Tuesday’s Asian session, stabilizing after earlier volatility tied to US President Donald Trump’s inauguration. The US Dollar faced initial downward pressure as Trump appeared to strengthen ties with Chinese President Xi Jinping. Key factors, such as the TikTok deal and hints of a softer tariff approach, contributed to market uncertainty.
