U.S. dollar strength extends beyond June’s rally as robust U.S. growth, hawkish Fed policies, and global central bank divergence drive demand. Interest rate differentials and geopolitical uncertainties bolster the greenback’s appeal, pressuring rivals like the euro and sterling. The dollar’s momentum shapes Forex dynamics heading into H2 2024. #Forex #USD
AUD/USD remains near 0.6600 as the US Dollar weakens amid fears of a US government shutdown and softer-than-expected PMI data. Market uncertainty and signs of slower US growth continue to weigh on the greenback while the Australian Dollar benefits from stable economic conditions and changing RBA policy expectations. Traders are closely watching fiscal developments and data releases for further direction. Original reporting by Venkatesh Balasubramanian, FXStreet.
Weekly Forex Forecast (Oct 6-10, 2025):
DXY approaches strong resistance near 107.70; a break above could target 109.00, but signs of overbought conditions warn of a possible pullback toward 106.00–105.00.
EURUSD remains pressured below 1.0750; support at 1.0450 key, with potential lows near 1.0350 if broken. Watch for short-term rebounds but overall bearish bias intact.
GBPUSD tests support around 1.2150; should it hold, look for rallies toward 1.2350, else deeper declines may follow.
XAUUSD struggles near $1980; strong support near $1930 crucial. A sustained break above $2000 could fuel renewed upside momentum.
Traders should monitor key technical levels alongside Fed and ECB developments for clues to next moves. Analysis based on Justin Bennett at Daily Price Action.
MUFG forecasts the euro will strengthen to 1.26 against the US dollar within the next 12 months. This outlook reflects expectations of a nearing end to Fed rate hikes, a relatively hawkish ECB stance, and a correction from the dollar’s historically high valuation. These factors combined could reshape currency dynamics in the year ahead.
US Dollar shows continued strength as major pairs near key levels. EUR/USD tests critical support around 1.0500, GBP/USD struggles below 1.2300 resistance, while USD/JPY gains momentum amid intervention watch. USD/CAD follows USD trends ahead. Stay tuned for updated setups this week. Source: Forex.com by James Stanley.
USD/CAD has been range-bound, but RBC warns that the upcoming Canadian jobs report could spark a sharp move in the loonie. A stronger-than-expected employment print may prompt a notable CAD rally, reflecting shifting market positioning and potential BoC rate outlook changes.
AUD/USD holds steady near 0.6600 amid rising concerns over a potential US government shutdown and weaker-than-expected US manufacturing PMI data. The US dollar faces selling pressure as recession fears grow, while Australian economic resilience and stable commodity prices support the Aussie. Market focus remains on policy signals from the Federal Reserve and Reserve Bank of Australia in this cautious environment.
US Dollar price action is key as traders watch EUR/USD testing critical 1.0500 support amid Eurozone headwinds, GBP/USD breaking down from its channel on slowing UK growth, USD/JPY showing resilience versus yen weakness, and USD/CAD influenced by commodity trends. Volatility driven by Fed outlook and global macro remains elevated. Stay tuned for tactical setups. #ForexAnalysis #USD
USD/JPY shows signs of topping after hitting key resistance near 150.00. Technical indicators like bearish engulfing candles and RSI divergence suggest a pullback. Coupled with easing US inflation and dovish Fed signals, a short-term decline toward 148.00 and below looks probable. Analysis by Alejandro Zambrano at FXStreet.
Beijing’s strategic gold accumulation signals a pivotal revaluation in global gold pricing. Driven by diversification from the US dollar, yuan internationalization, and geopolitical risk mitigation, China’s central bank is reshaping market dynamics. Understanding these shifts is key for investors amid rising global uncertainties. #GoldMarket #ChinaPolicy #GlobalFinance
