FOREX.com

1 week ago | forex.com | David Scutt

USD/NOK SummaryNorges Bank caught markets napping with a surprise 25bp cut on Thursday, lowering the sight deposit rate to 4.25%—the first move lower in five years. The krone slumped on the decision, but the move didn’t stick. While rate differentials briefly weighed on USD/NOK, geopolitical risk has been the dominant force. The pair remains tightly linked to Brent crude and S&P 500 futures, acting as a proxy for Middle East tensions.

1 week ago | forex.com | David Song

British Pound Outlook: GBP/USDGBP/USD continues to rebound from a fresh monthly low (1.3383) after dipping below 50-Day SMA (1.3398) for the first time since April, and the exchange rate may stage further attempts to test the February 2022 high (1.3644) after failing to close below the moving average.

1 week ago | forex.com | David Scutt

SummaryJapanese price pressures continue to build, sending underlying inflation even further away from the Bank of Japan’s target, piling pressure on policymakers to resume their rate hiking cycle despite elevated uncertainty abroad.

1 week ago | forex.com | David Scutt

NZD/USD SummaryThe New Zealand economy may have started 2025 with a bang, but that wasn’t enough to support the Kiwi dollar on Thursday with the pair sinking to multi-week lows as risk aversion returned. Having taken out some key downside levels, there’s scope for the move to extend further—especially if risk appetite were to sour. Strong Growth is Yesterday’s NewsNew Zealand’s economy grew 0.8% in Q1, comfortably ahead of the RBNZ’s 0.4% forecast, with strength concentrated in goods production.

1 week ago | forex.com | David Scutt

XAG/USD SummarySilver’s bullish run may be coming to an end. Sitting in a rising wedge and with momentum indicators rolling over, the ducks look to be lining up for a potential downside break. Throw in signs the U.S. dollar may have bottomed—an adversary to commodity prices—and the unwind could be sizeable, especially if risk appetite were to evaporate.