We’re pleased to have you here with us at the iXBroker team, and we’re excited to bring you another insightful piece today, a full report and analysis of last week’s Forex market.
USD/CAD
USD/CAD price – 07/12/2025
The U.S. dollar tumbled against the Canadian dollar this week, with losses accelerating after stronger-than-expected Canadian employment data drove a fresh bid into the loonie. The pair continues to trade with sharp mood swings, and the upcoming FOMC decision on Wednesday could flip momentum yet again. Traders should brace for heightened volatility as USD/CAD reacts to shifting rate expectations.
ERU/JPY
EUR/JPY price – 07/12/2025
EUR/JPY traded in a tight range throughout the week following an explosive upside move earlier in the month. The pair remains driven by interest-rate differentials, and with the BOJ constrained in how far it can raise rates, buyers continue to step in on short-term pullbacks. Value hunters are eyeing ¥184 as the next potential upside target.
Bitcoin
Bitcoin price – 07/12/2025
Bitcoin saw another choppy week marked by indecision and fading bullish momentum. Despite attempts to carve out a base over the past two weeks, the market has struggled to attract sustained buying interest. The $80,000 level remains a critical floor—holding above it keeps recovery hopes intact. A decisive break below, however, could trigger a deeper selloff.
Nasdaq 100
NASDAQ 100 price – 07/12/2025
The NASDAQ 100 briefly retreated before reversing higher, reaffirming support near the 25,000 zone. With the FOMC decision on deck, price action may become increasingly sensitive to shifts in policy expectations. The broader trend remains constructive, and the index still appears positioned for long-term upside despite near-term uncertainty.
Gold
Gold price – 07/12/2025
Gold posted wide swings this week but held the line at the $4,200 support area. A breakdown below that level could expose the market to further downside, but for now, price action suggests consolidation rather than reversal. The broader trend remains bullish, with buyers continuing to target the key $4,400 resistance zone over time.
Silver
Silver price – 07/12/2025
Silver’s rally extended into another volatile week, briefly testing the $60 mark before retreating. The market remains overstretched amid a powerful short squeeze, and while the move can persist, timing becomes critical for traders. Pullbacks are likely to attract fresh buyers, with the $55 region emerging as an important support zone.
Crude oil
Crude oil price – 07/12/2025
Crude oil finished the week higher but remains capped by a key descending trendline, with the $60 level acting as major resistance. Strong supply conditions and concerns over demand destruction continue to limit upside potential. Sellers are likely to re-engage on rallies unless fundamental dynamics shift meaningfully.
EUR/USD
EUR/USD price – 07/12/2025
EUR/USD rallied toward 1.17 this week, though the pair remains confined within a broader consolidation range. Traders appear reluctant to push the euro higher ahead of Wednesday’s FOMC meeting. As usual, the market may respond more strongly to Powell’s press-conference guidance than the rate decision itself. Until then, expect choppy, range-bound trading.
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