Low Volatility in the FX Market , Waiting for Macro Data
· Forex · QuoteReporter
Low Volatility in the FX Market , Waiting for Macro Data
Published: November 25, 2025
Market Overview
The ongoing geopolitical tension between China and Japan continues to exert influence on forex markets. The unresolved spat, stemming from Takaichi’s non-retractable statement, has seen Beijing intensify its pressure campaign on Tokyo, which could potentially impact the valuation of the yen. In Europe, despite Wall Street’s rebound, European stocks are predicted to have a subdued opening, indicating a potentially cautious forex market in the region. Lastly, the announcement of the UK Chancellor’s high-stakes Autumn Budget provides a fresh set of variables for investors trading in the pound.
Major Currency Pairs Performance
| Currency Pair | Price | Daily % | Weekly % | Monthly % |
|---|---|---|---|---|
| EUR/USD | 1.15223 | +0.02% | -0.12% | -1.07% |
| USD/JPY | 156.64700 | +0.19% | +0.75% | +3.18% |
| GBP/USD | 1.31200 | +0.20% | -0.18% | -1.48% |
| USD/CHF | 0.80885 | +0.08% | +1.18% | +1.01% |
| AUD/USD | 0.64507 | -0.06% | -0.86% | -0.52% |
| USD/CAD | 1.41217 | +0.15% | +0.96% | +0.56% |
| NZD/USD | 0.55952 | -0.27% | -1.07% | -2.06% |
Performance Charts
Best Daily Performer

Technical Analysis: 1. The GBP/USD pair is currently in a short-term upward trend, indicated by today’s gain of 0.20%, but is still facing a broader downtrend as shown by the negative weekly and monthly changes.
2. The key technical levels to watch are the 50-day SMA at 1.3200 acting as resistance and the 200-day SMA at 1.3000 acting as support, with the pair currently navigating the middle of this range.
3. In the short-term, the pair’s performance will likely depend on its ability to break above the 50-day SMA or below the 200-day SMA, with a continued uptrend indicating potential bullish momentum and a downtrend signaling further bearish pressure.
Worst Daily Performer

Technical Analysis: 1. The NZD/USD pair is in a clear downward trend, as evidenced by the negative changes across daily, weekly, and monthly timeframes, and its position in the lower end of the 20-day range.
2. The pair is trading below both the 50-day and 200-day SMAs, indicating a strong bearish momentum. The key resistance level to watch is the 50-day SMA which the pair has failed to break above.
3. Given the strong bearish signals, the short-term outlook for NZD/USD remains bearish, unless it can break and sustain above the 50-day SMA resistance level.
Normalized Performance – All Majors (3 Months)

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