U.S. dollar jumps as French political turmoil fuels demand for safe havens. Euro dips on Macron’s snap election call while GBP, CAD, and JPY face pressure amid dollar strength. Market focus shifts to geopolitical risk and currency outlooks for EUR/USD, GBP/USD, USD/CAD, and USD/JPY. Read analysis by Vladimir Zernov at FX Empire.
USD/JPY soars past 157 as the yen weakens amid Japan’s political transition and fiscal concerns. Despite BoJ’s rate hike, markets doubt aggressive tightening soon. Meanwhile, a hawkish Fed and U.S. strength keep pressure on the yen. #Forex #USDJPY #BoJ
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U.S. dollar tests weekly highs amid persistent inflation and strong jobs data, fueling speculation on Fed policy. EUR/USD faces pressure around 1.0650 support, GBP/USD struggles with BoE caution, while USD/CAD and USD/JPY reflect divergent central bank outlooks. Full analysis by James Hyerczyk on FXEmpire.
EUR/USD faced renewed selling pressure on October 7 as bearish momentum resumed. The pair slipped below key supports amid a stronger dollar, weak Eurozone data, and sustained downtrends confirmed by moving averages and technical indicators. Watch 1.0485 and 1.0440 for support; resistance near 1.0565 keeps the bearish outlook intact. Traders should prepare for continued downside risks in the near term. #ForexAnalysis #EURUSD
USD/JPY hits a two-month high, driven by US Treasury yields and political shifts in Japan. Market eyes widened interest rate gap as BOJ maintains loose policy amid Kishida’s approval slide and cabinet reshuffle talks. Technicals show strong bullish momentum, but overbought conditions hint at near-term caution. #Forex #USDJPY #JapanPolitics
USD/CAD keeps its bullish pace, approaching key resistance at 1.4000 amid a strong US dollar and softer Canadian economic data. Hawkish Fed signals, robust US labor stats, and rising Treasury yields support the uptrend. Watch for a breakout that could target 1.4100 next.
AUD/USD remains volatile post-RBA policy hold at 4.35%. The central bank’s cautious stance reflects ongoing inflation uncertainty amid mixed domestic data and global headwinds—including China’s slowdown and commodity swings. With the Fed’s path still pivotal, traders should watch incoming data closely for clues on the next move.
GBP/USD update for 7 October 2025: Price remains range-bound between support at 1.2050–1.2000 and resistance near 1.2120–1.2175. Technicals show bearish moving averages and neutral RSI, signaling consolidation. Watch for a breakout above 1.2175 to confirm upside momentum amid mixed UK data and a cautious Fed stance. Stay alert to economic releases impacting volatility.
— Gary Christie, DailyForex.com
