Niko

Buckle up, forex fiends – we’ve got quite a week ahead of us! All eyes are on two potential big market movers: Trump’s inauguration ceremony and what could be a game-changing Bank of Japan meeting.

This week our currency strategists focused on the U.K. and U.S. CPI updates for potential high-quality setups in the British pound & U.S. dollar.

Gold is knocking on a key long-term resistance zone. Will XAU/USD bears show up to drag the precious metal lower?

USD/JPY is quickly approaching a critical support zone. Will there be enough demand at this level to sustain the pair’s longer-term uptrend?

GBP/CAD has calmed down from its steep declines! Could this signal a longer-term bounce for the pair?

If U.S. inflation remains elevated, expectations of higher-for-longer interest rates could keep the USD supported against major currencies like the CHF and AUD.

Dollar traders seem to be biting their nails ahead of the U.S. CPI release, as a huge miss could revive aggressive Fed rate cut expectations. Will we see a breakdown on USD/CAD and USD/JPY if this happens?

Gold was knocked down after hitting $2,700 earlier this month. But buyers showed up at a key support zone, increasing the odds of the yellow metal extending its 2025 gains.

This Kiwi pair has formed lower highs and lower lows inside a falling channel on its 4-hour time frame. Is the trend still our friend or can we see a breakout and reversal soon?

If U.K. CPI comes in hot, traders could scale back expectations for BOE rate cuts. Here’s why GBP/CHF and GBP/NZD are on my radar if that scenario plays out!