US government shutdown could last up to 3 weeks, raising uncertainty across financial markets. Forex traders expect increased volatility in the US dollar, with risk aversion pushing flows toward safe-haven currencies. Delayed economic data and political gridlock heighten pressure on major currency pairs.
China’s steady gold reserve buildup is reshaping global markets and forcing a revaluation of gold prices worldwide. As Beijing drives de-dollarization and strengthens the yuan, gold is becoming a key strategic asset beyond traditional inflation hedging. Insights based on analysis by Flavio Tosti, FXStreet.
USD/JPY showed mixed signals last week, consolidating below 157.70 resistance with support near 155.50. Momentum softened amid cautious sentiment and potential Japanese intervention risks. Watch for a clear break above 157.70 to confirm renewed bullish strength; otherwise, range-bound trading likely to continue near 155.50–157.70. #Forex #USDJPY #TechnicalAnalysis
USD/CAD posted a strong weekly rebound from 1.3602, signaling a possible short-term bottom and retest of resistance near 1.3800. Key levels to watch: support at 1.3602/1.3487, resistance at 1.3798/1.3845. Fed-BoC policy divergence and crude oil prices remain key drivers. Sustained break above 1.3845 needed to confirm bullish momentum. #Forex #USDCAD #TechnicalAnalysis
AUD/USD faces bearish pressure but shows signs of stabilizing near 0.6570 support. A break above 0.6700 could spark a short-term recovery toward 0.6800. Traders remain cautious as the pair tests key moving averages amid mixed global economic cues. Stay tuned for evolving market dynamics.
GBP/USD heads into a critical week as sterling consolidates within a well-defined range amid mixed macroeconomic signals. Technicals show a neutral to slightly bullish bias with key support at 1.2600 and resistance near 1.2800. Watch BoE commentary and US data for cues shaping the next directional move.
Buyers are gaining momentum in EUR/USD but key resistance near 1.0600 remains firm. Technical signals point to a battle between bulls and bears as traders watch for a breakout or a pullback. Full analysis by Adam Lemon on InvestingLive.com.
https://investinglive.com/technical-analysis/eurusd-technicals-eurusd-buyers-are-making-a-play-but-there-has-been-a-limit-so-far-20251003/
USD/JPY sustained bullish momentum last week, rebounding above the 20-day MA and hitting 157.70 resistance. Key supports stand at 153.59 and 151.86, with potential upside toward 160.00 and 161.80. Technicals and macro fundamentals, including Fed’s hawkish stance vs. BOJ’s dovish policy, favor continued USD strength. Traders should watch for a MACD signal of short-term consolidation ahead. Full analysis: ActionForex.com
USD/CAD posted a mostly sideways weekly range below key resistance near 1.3760. Technical indicators suggest consolidation with a slight bullish bias, while fundamentals reflect mixed US data and stable oil prices supporting CAD. Watch for breaks of 1.3761 resistance or 1.3486 support to gauge next directional sway. Upcoming US and Canadian economic releases will be critical drivers. (Source: Action Forex)
AUD/USD faced pressure last week amid hawkish Fed signals, mixed Australian data, and fragile risk sentiment. Technically, the pair remains in a consolidation phase with resistance near 0.6700-0.6750 and support around 0.6580. A decisive break could shape near-term direction. — Original analysis credit: ActionForex.com
