Forex Market Impacted by AUD/USD Dip and Anticipated Federal Reserve Decision
· Forex · QuoteReporter
Forex Market Impacted by AUD/USD Dip and Anticipated Federal Reserve Decision
Published: November 20, 2025
Market Overview
The Federal Reserve is likely to hold off on cutting rates in December due to the stronger-than-expected September jobs data. Despite the government shutdown, nonfarm payrolls added 119,000 jobs, significantly more than the expected 50,000. This reinforces the stance of Cleveland Fed’s Hammack, who supports keeping rates at the current ‘barely restrictive’ level. She indicated that the central bank could be nearing the end of a short rate-cutting cycle.
The AI chipmaker Nvidia’s robust quarterly earnings sent a strong signal regarding the demand for AI infrastructure, which helped boost global tech stocks. However, concerns persist over whether this demand indicates an AI bubble in the markets. Elsewhere, existing home sales in October recorded a minor increase despite the government shutdown. Nonetheless, supply has started to decrease and prices continue to rise. Billionaire investor Ray Dalio believes we are in a bubble, though he advises against selling just yet.
Major Currency Pairs Performance
| Currency Pair | Price | Daily % | Weekly % | Monthly % |
|---|---|---|---|---|
| EUR/USD | 1.15278 | -0.07% | -0.80% | -0.83% |
| USD/JPY | 157.46400 | +0.21% | +1.93% | +4.19% |
| GBP/USD | 1.30666 | +0.07% | -0.80% | -2.11% |
| USD/CHF | 0.80560 | +0.05% | +1.51% | +0.82% |
| AUD/USD | 0.64395 | -0.58% | -1.44% | -0.55% |
| USD/CAD | 1.41045 | +0.41% | +0.60% | +0.73% |
| NZD/USD | 0.55896 | -0.22% | -1.58% | -2.23% |
Performance Charts
Best Daily Performer
Technical Analysis: 1. The USD/CAD pair currently exhibits a bullish trend, as demonstrated by its position in the upper 86% of its 20-day range and consistent gains over daily, weekly, and monthly periods.
2. The pair is trading above both its 50-day and 200-day Simple Moving Averages (SMAs), suggesting a strong upward momentum, and the support/resistance trendlines further confirm the bullish bias.
3. The short-term outlook remains bullish, however, traders should watch for any potential pullbacks for profit-taking opportunities, while maintaining a watch on key resistance levels.
Worst Daily Performer
Technical Analysis: 1. The AUD/USD pair is currently on a bearish trend, evidenced by its position below both the 50-day and 200-day SMAs and its continued decline across all timeframes.
2. The pair is very near its 20-day range low, indicating strong selling pressure. The resistance trendline is a key level to watch for any trend reversal.
3. In the short term, the bearish sentiment is expected to prevail unless there is a significant breakout above the resistance trendline, which could lead to a trend reversal.
Normalized Performance – All Majors (3 Months)
Disclaimer
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