Daily Forex News By XtreamForex

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HLP Loss Sparks Selloff as Retail Interest Fades

Hyperliquid (HYPE) prices just keep falling as the token slipped past key support levels this week, down almost 8%—that’s three straight weeks in the red. What’s driving it? The big story is the $4.9 million loss suffered by Hyperliquid Provider (HLP), the market maker behind the DEX. That blow came after a Popcat (POPCAT) trader faked a massive buy wall, shook up the order book, and set off a wave of liquidations.

Right after the incident, the DEX hit pause on its Arbitrum bridge. You can still deposit and withdraw, but it rattled the community. Retail traders have clearly lost confidence. Just look at CoinGlass: HYPE futures open interest crashed from $2.08 billion in late October to $1.56 billion now. That’s a big drop in risk appetite.

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GBP/USD Stays Weak as Reeves Scraps Tax Hike Plan

The British Pound just can’t catch a break. GBP/USD hangs around 1.3150, marking its third sluggish day in a row. Traders aren’t exactly jumping for joy after Chancellor Rachel Reeves dropped the income-tax hike plans. The Office for Budget Responsibility did cut its deficit forecast—from £35 billion down to £20 billion—but investors aren’t impressed. There’s a lot of talk now about the UK’s long-term financial health. Instead of bold tax increases, the government seems set to tinker with thresholds and salary-sacrifice rules. People aren’t convinced that’s enough.

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Australian Dollar Strengthens as China’s Economy Grows on a Year-on-Year Basis

Because China’s economy has expanded over the last year, the Australian Dollar rose in value. It climbed versus the US dollar on Monday, extending a two-day winning streak. Steady Chinese interest rates further bolster the Aussie’s standing against the greenback.

China’s central bank kept key interest rates steady—3% for one year, 3.5% for five. Because Australia often trades with China, shifts in the Chinese economy frequently impact the Australian dollar.

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Gold Prices Stuck as Fed Rate Cut Hopes Fade

Gold Prices are going down as it got evident on Friday, where XAU/USD slipped again as traders gave up on the idea of a Fed rate cut in December. All week, the metal’s been stuck in a narrow band—not much momentum either way. The market seems confused, honestly. Thursday’s US jobs report only stirred the pot. The numbers blew past expectations, showing the job market’s still running hot. That lines up with the Fed’s recent signals: they’re in no rush to cut rates. The Dollar’s loving it, sticking close to its highest point since May. That strong greenback keeps putting pressure on gold, since it doesn’t pay interest.

Strong Jobs Data Props Up Dollar, But Gold Isn’t Totally Out

The US just added 119,000 jobs in September—way above what most people thought. Wages are still climbing, up 3.8% over the past year, and unemployment nudged up to 4.4%. Put all that together, and it matches what the Fed’s been saying lately: policymakers can’t seem to agree, and now markets see just a 35% shot at a December rate cut, at least if you go by the CME FedWatch Tool.

But the Dollar isn’t running wild. Worries about a possible US government shutdown are still floating around, keeping a lid on growth sentiment. Global stocks look shaky, which gives gold a bit of support, too. And don’t forget the geopolitical risks—Ukraine’s open to US-backed talks, and that kind of headline keeps some safe-haven demand alive for gold, at least for now.

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EUR/JPY Slides Down as Investors Keep an Eye on German GDP Data

EUR/JPY is going down today, hovering in the mid-180s. Sellers are showing up as the Japanese Yen gets a little boost from talk about possible government intervention. Still, the pair isn’t dropping much—everyone’s just waiting to see what Germany’s latest GDP numbers have to say.

Intervention Talk Puts Yen in the Spotlight

There’s been a fresh round of intervention rumours, and that’s helped the Yen. Japan’s finance minister made it clear they’re ready to step in if the currency gets too wild. Other officials have hinted at the same thing. They don’t want the Yen to get too weak and mess with the economy. Meanwhile, the Bank of Japan hasn’t ruled out a rate hike in December. Governor Ueda pointed out the obvious: a weaker Yen pushes inflation higher, and inflation’s already been running above target for years. So, between intervention talk and the chance of a rate hike, the Yen’s got some support, which keeps EUR/JPY from climbing.

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NZD/USD Goes Down Toward 0.5700 While Breaking the Short-term Barrier

On the last Wednesday in November, the NZD/USD gained momentum, going up more than 1%, sitting near 0.5690 in Asia’s session. This time, it climbed past the nine-day EMA, hinting at fresh short-term power. But let’s be real—the bigger trend still points down. The daily chart makes that obvious, so investors aren’t exactly piling in right now.

A bit of calm shows up in the short-term signals; however, the 50-day EMA still hangs above, holding back buyers. The nine-day EMA now acts as a support zone. For real change, buyers need to break past that 50-day level; without it, slipping back remains likely, particularly if NZD/USD fails to hold recent gains.

Support Levels Hold as Buyers Test the Waters

The RSI (Relative Strength Index) holds near 52 – steady and it’s climbing slowly, hinting at gains if demand stays strong. Should momentum fade, watch 0.5650 as a support level, along with the nine-day EMA at about 0.5640. If those give way, sellers could push harder toward the support at 0.5550. A breakdown past that opens room for another leg down to April’s bottom around 0.5485. The multi-year low in April, which is close to 0.5485, may be revisited by traders.

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GBP/USD Rises Once More as Dollar Expectations of a Rate Cut

GBP/USD climbed higher this week, hitting above 1.3250 on Thursday—marking six days straight of upward moves. What’s driving it? Well, the dollar’s getting weaker because more traders now expect a rate cut from the Fed come December. Despite the recent mixed bag of US economic data, most people continue to hold a more dovish view, which keeps the dollar on its back foot.
Take a look at the CME Fed Watch Tool—markets now give an 84% chance the Fed will cut rates by 25 basis points, way up from last week. Not even stronger US Durable Goods Orders or fewer Initial Jobless Claims could shake this outlook. Investors seem pretty convinced that easing inflation and political pressure will push the Fed to loosen policy soon.

Dollar Drops Even as Data Beats Expectations

Recent US numbers showed Initial Jobless Claims dropping to 216,000, beating forecasts and pointing to a solid labor market. Normally, you’d expect that to help the Dollar, but right now everyone’s focused on what the Fed does next. There’s also talk that the White House is eyeing new Fed chair candidates who favor lower rates, which just adds to the Dollar’s struggles.

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USD/CAD Is Above 1.4000 While Markets Await Crucial Information

USD/CAD is firm and holding onto mild gains this Friday in the Asia Market. It is holding near 1.4030. The US Dollar’s getting a little lift, but not much—everyone’s still betting on a Federal Reserve rate cut in December. All eyes are also on Canada’s Q3 GDP numbers, set to drop later today. That release could shake things up for the pair.

Fed’s Dovish Comments Fuel Rate-Cut Bets

Lately, top Fed officials have made it pretty clear they’re leaning toward easing. San Francisco Fed President Mary Daly openly backed a rate cut, citing a soft labor market. Christopher Waller, the governor of the Fed, agreed, stating that a 25 basis point cut is warranted due to the poor state of the labor market. Of course, they’ll still watch the data. But the market’s already made up its mind. The CME FedWatch Tool shows traders are pricing in an 87% chance of a December rate cut—way up from just 39% last week. That keeps the US Dollar afloat, but it’s not enough to push it much higher.

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EUR/JPY Pair Nears 180.70; Market Banks on Eurozone HICP Data

EUR/JPY rises near 180.70 as traders snap up the pair after three straight days of losses. Buyers stepped in once the price bounced off the 180.00 level, and now everyone’s watching for the latest Eurozone inflation numbers (HICP) to set the tone.

The Expectation is that the ECB Will Keep Rates Steady

Right now, the Euro’s got some support. People expect the ECB to keep rates steady for a while, especially with the flash HICP release just around the corner. Forecasts put headline inflation at 2.1% year-on-year for November and core inflation at 2.5%. Recent numbers out of France, Spain, and Italy didn’t show much price pressure, but Germany’s data came in a bit hotter than expected. All this mixed data adds up to one thing: the ECB probably won’t cut rates anytime soon. That’s giving the Euro some momentum and keeping EUR/JPY on firmer ground.

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Wall Street Rebounds as Fed Rate-Cut Expectations Strengthen

Wall Street came roaring back on Tuesday. Traders suddenly seemed a lot more confident that the Fed’s going to cut rates soon, and you could feel that energy everywhere. People started shifting their positions ahead of this week’s big inflation data. Treasury yields calmed down, companies sounded a little more hopeful, and the main stock indices just took off right from the opening bell.

Indices Rise Ahead of Key PCE Inflation Report

By the time morning rolled around, the S&P 500 had climbed half a percent. The Dow was up 0.4%, and the Nasdaq stole the show with a solid 1% jump. At the open, the Dow shot up 127 points. S&P and Nasdaq both started strong too, rising 0.27% and 0.45%. All eyes are on Friday’s Personal Consumption Expenditures (PCE) Price Index—that’s the inflation number the Fed actually cares about. The results from that report will probably set the tone for what happens with rates this December. Folks investing in bonds maintained their composure, but they were very confident. The 10-year Treasury rate moved higher, climbing to 4.11% from 4.09% earlier, while the 2-year declined little, to 3.52%. Nothing unusual transpired; instead, there was a peaceful hope in the air.

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Wall Street Rebounds as Fed Rate-Cut Expectations Strengthen

Wall Street came roaring back on Tuesday. Traders suddenly seemed a lot more confident that the Fed’s going to cut rates soon, and you could feel that energy everywhere. People started shifting their positions ahead of this week’s big inflation data. Treasury yields calmed down, companies sounded a little more hopeful, and the main stock indices just took off right from the opening bell.

Indices Rise Ahead of Key PCE Inflation Report

By the time morning rolled around, the S&P 500 had climbed half a percent. The Dow was up 0.4%, and the Nasdaq stole the show with a solid 1% jump. At the open, the Dow shot up 127 points. S&P and Nasdaq both started strong too, rising 0.27% and 0.45%. All eyes are on Friday’s Personal Consumption Expenditures (PCE) Price Index—that’s the inflation number the Fed actually cares about. The results from that report will probably set the tone for what happens with rates this December. Folks investing in bonds maintained their composure, but they were very confident. The 10-year Treasury rate moved higher, climbing to 4.11% from 4.09% earlier, while the 2-year declined little, to 3.52%. Nothing unusual transpired; instead, there was a peaceful hope in the air.

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GBP/USD Drops Below 1.3350 as the USD Accelerates

Early on Thursday, GBP/USD is trading around 1.3330, retreating from its recent two-month high. The main story? The US Dollar bounced back, even though American economic data has been underwhelming. People are keeping an eye on the calendar—big US numbers are on the way, especially the Weekly Initial Jobless Claims Report. Right now, there’s caution in the air, but with everyone talking about a possible Fed rate cut next week, the Pound isn’t falling too far.

Fed Rate Cut Hopes and the Kevin Hassett Factor

Soft US numbers, like the latest Manufacturing PMI and ADP jobs data, have traders doubling down on a December Fed rate cut. FedWatch odds are now near 90% for a 25-basis-point cut, and markets expect more easing in 2025. That takes some pressure off the Dollar, which gives GBP/USD a bit of breathing room for now.

But there’s another angle: possible changes at the Fed. Trump says he’ll announce his pick for the next Fed Chair early next year, and Kevin Hassett—known for pushing aggressive rate cuts—is in the running. If Hassett gets the job, expect a more dovish Fed, and that could pull the Dollar down over time.

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GBP/USD Holds Steady at 1.3330 While Traders Wait for US PCE Data

GBP/USD isn’t really going anywhere right now, hovering near 1.3330 in Friday’s Asian hours. Everyone’s just waiting for the US PCE inflation numbers—the data got delayed, so traders are playing it safe until they see what the Fed might do next. Nobody wants to make big bets on the Pound or the Dollar before getting a clearer signal on interest rates.

Fed Rate Cut Bets Lift GBP/USD—But BoE Expectations Limit Gains

The US Dollar’s feeling a bit soft as talk of a Fed rate cut grows louder. The CME FedWatch Tool puts odds of a quarter-point cut next week at almost 89%, and that’s helping support GBP/USD for now. Still, there’s a ceiling. Worries about the UK economy and chatter about the Bank of England also cutting rates—maybe as soon as December—are holding the Pound back. Markets are giving a 90% chance of a BoE cut, so any serious push higher for GBP/USD keeps running into resistance.

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AUD/JPY Weakens Following RBA’s Decision to Maintain Rates Above 3.6%


AUD/JPY in the early Asian hours on Tuesday floated near 103.20 levels, after the Reserve Bank of Australia (RBA) kept its Official Cash Rate at 3.6%. The cut had been widely anticipated by markets; however, the more dovish tone from officials helped keep mild pressure on the Aussie, dragging it through 103.50.

RBA Cautious on Inflation Outlook

In its statement, the Australian central bank indicated that recent inflation pressures may also partially stem from temporary factors, though broadening price growth still needs to be closely watched. And policymakers said they will remain cautious and monitor the economic outlook as new data is released. The decision reinforced perceptions that the RBA is set to stay on the sidelines for now, keeping a lid on AUD gains across the board.

Worries Over Earthquakes May Affect BoJ Outlook

In the meantime, investors are also keeping an eye on Japan after Learning of a powerful earthquake. Analysts said that, depending on the extent of the damage the world’s third-largest economy sustained, the Bank of Japan (BoJ) could postpone a widely expected rate hike next week. The bank’s forthcoming meeting, on December 18–19, is now the subject of extra uncertainty, which could in turn weigh on the Yen in the sessions ahead.

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EUR/USD stays calm near 1.1625 as traders await Fed outcome

EUR/USD remains muted around 1.1625 as buyers exercise caution while trading ahead of the US Federal Reserve interest rate announcement. The pair maintained its low intensity tone through the early European session and struggled to capitalize on the overnight recovery move from over one-month lows. Investors are sitting on their hands before a US Federal Reserve interest rate decision, with markets expecting another 25 basis-point cut. With the Fed scheduled to run a play that would make it three cuts in a row, interest rates will be cut to 3.50%–3.75%, their lowest level in nearly three years.

Investors will closely watch the press conference from Fed Chair Jerome Powell, including his remarks on rate expectations for next year. And if Powell does sound more hawkish on inflation or the cuts in 2025 may be smaller, the US Dollar could rise—and hence pressure the EUR/USD pair in the short term.

Us Inflation Worries Hold Back Long-term Rate Cut Hopes

Fresh data out of the US boosts the Dollar. The most recent JOLTS report announced a stronger-than-expected 7.67 million job openings, easily beating estimates. That is an indication that the US labor market is still healthy, which suggests it will be increasingly difficult for the Fed to follow up with an extensive range of rate cuts over a longer period. Some analysts now think rate cuts in 2026 may not be quite as steep.

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EUR/USD Keeps The Lower Bound Of Range Post-Fed Cut, Market Awaits Jobless Claims

The EUR/USD was trading around 1.1690 in the early European session on Thursday, touching lower with no clear direction. In the aftermath of the Federal Reserve’s latest rate cut, the market’s reaction was muted — more a polite nod than an emphatic leap. And market veterans often refer to such pauses as the market “taking stock”, in a neutral, battery-recharging mode rather than necessarily signalling a new trend.

Not Just the Cut, Powell’s Tone Sets Expectations

The Fed lowered its benchmark rate to a range of 3.50%–3.75%, though the focus was on Chair Jerome Powell’s cautious words. Officials signalled openness to waiting and reassessment, and that tone seems to matter more for traders than the 0.25-point move itself. That new recalibration was apparent in price action: Fed policy tools are now showing a higher probability that the next interest rate move will be a hold. In other words, the market responded to nuance — to the hint that the cut was not the start of a series of them — rather than to the cut itself.

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US Dollar Index Slips Near 98 as Markets Bet on Bigger 2026 Rate Cuts Than the Fed

The US Dollar Index just can’t seem to catch a break, as on Thursday, it hovered nervously above 98, barely holding on after dropping to a new seven-week low at 98.13. Traders are increasingly leaning toward the view that the Fed will have to cut rates much deeper by 2026 than officials are willing to admit. That’s left the dollar looking weak and heavy, a mood that’s lingered ever since the Fed’s meeting on Wednesday.

Washington kept the pressure up, too. White House spokeswoman Karoline Leavitt said President Trump wants even lower borrowing costs. This came right after the Fed’s modest quarter-point cut. It’s another sign that political voices could keep pushing the Fed to loosen things up. Still, if you look at the Fed’s own projections, they’re only projecting one cut next year. So the gap between what traders expect and what the Fed’s saying is still very real.

Dollar Struggles, With Most Majors Pairs Outperforming

Currencies this week told the same story: the dollar lost ground against nearly all its major rivals. The Swiss franc led the pack, but the dollar also slipped against the euro, pound, Aussie, and kiwi. Only the yen came off worse. The mix isn’t exactly disastrous, but it does show a currency drifting—mostly edging lower, with no real direction.

Meanwhile, the CME FedWatch tool says traders haven’t waited for the Fed to spell things out. The odds of at least two cuts by October 2026 have jumped to about 58%. On top of that, weaker US economic data earlier in the week made people even more convinced the Fed will give in to market pressure, whether they like it or not.

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USD/CAD Steady Near 1.3770 as Markets Wait for US Jobs Data

USD/CAD today, during the Asian session, is trading flat at around 1.3770. This steady movement indicates that traders are awaiting an important update from the United States. Attention now turns to the NFP (Nonfarm Payrolls) – because it reflects labour market statistics for both October and November. Traders have been looking to stay alert and cautious until that report is released, and, henceforth, we’ve seen range-bound conditions in the pair.

Why the U.S. Jobs Numbers Matter

The US NFP report provides a glimpse of how well or how poorly the job market is in the US. This information is worth tracking, as it could sway the future direction of US Federal Reserve interest rate policy. The Fed has already reduced interest rates by 75 basis points this year, primarily in response to signs of a slowing job market. As per predictions, the Unemployment Rate of the USA remained steady at 4.4% during November. The data isn’t providing a positive bias for the greenback, say more losses ahead.

Traders are also waiting for the US Retail Sales and business activity figures to be released along with NFP. Retail Sales should tick up 0.2%, which would point to unchanged consumer spending.

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AUD/JPY Technical Analysis: Softens below 104.00 but Uptrend Remains Firm

AUD/JPY tried to push higher early in the European session but ran out of steam just before hitting 104.00. After bouncing from the ¥101 area, the pair hit some resistance that kept it in check. Most of that weakness came after Japanese officials surprised the market by warning they might step in if the Yen moved too quickly. The finance ministry repeated its usual message: they’re ready to act if things get out of hand.

On top of that, senior currency officials spoke up, calling the Yen’s recent swings “excessive. Traders took notice and pulled back on bets against the Yen, which gave it a quick boost and dragged AUD/JPY a bit lower. Even so, the drop didn’t go far—there wasn’t much real selling pressure behind it.

RBA Technicals and Outlook Favour the Pair

Meanwhile, Australia’s side of the story is still solid. The Reserve Bank of Australia’s December meeting minutes showed the board is getting more worried about stubborn inflation. They even talked about hiking rates again next year if inflation doesn’t cool down. That kind of talk usually keeps the Aussie dollar supported.

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EUR/USD Keeps Above 1.1800 As It Retraces From Three-Month Peak

EUR/USD remains in a holding pattern—likely to continue. For the most part, the EUR/USD has wasted the recovery effort since bottoming at 1.1168 (three-month low) by inching closer to 1.1808 last week but so far failing short of reaching that high again for a second day. But narrow that gap, buyers have not let off the hook yet as price is still trading higher for a third straight day.

On the daily chart, the uptrend is intact. An upward movement is usually open when price action remains with an ascending channel. Momentum seems a little hot, though. The 14-day RSI at 71 is deep into overbought territory. That doesn’t scream “reversal,” but it does indicate the market might struggle a bit or drift sideways for some time before resuming off to the races.

When things run up this quickly, traders get a little jumpy. So, it wouldn’t shock anyone to see some sideways action or consolidation right around these levels.

Technical Structure Continues to Favor Buyers
From a technical standpoint, the bias stays bullish. The nine-day EMA has crossed above the 50-day EMA, and the price has remained above both. That shows buyers are still driving the trend, and demand isn’t drying up.

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