EUR/USD trades within a symmetrical wedge pattern ahead of the US Personal Consumption Expenditures inflation report. A breakout above 1.0890 may target 1.0950 and 1.1000, while a breakdown below 1.0780 could push prices toward March lows. Market awaits key data that could influence Fed policy.
EUR/USD faces resistance near 1.1700 as U.S. GDP growth surpasses 3.8%, boosting expectations for further Fed tightening. Meanwhile, the eurozone shows weakness amid ECB caution, widening the yield gap and pressuring the euro. Technicals suggest bearish momentum ahead. #Forex #EURUSD
EUR/USD climbs as US core PCE data signals cooling inflation, boosting expectations for a Fed rate cut as soon as September. The dollar weakens, helping the euro rebound from recent lows, though medium-term risks remain amid economic divergence between the US and eurozone.
EUR/USD rallies as Fed rate cut expectations rise following softer-than-expected PCE inflation data. The easing inflation signals boost bets on monetary easing this year, pressuring the dollar and lifting the euro toward key resistance near 1.0750. Markets await further Fed guidance.
Last week’s Federal Reserve, ECB, and BoE meetings confirmed no near-term rate cuts, fueling US dollar strength and euro weakness.
– **DXY** reclaimed 105.00; watch resistance at 106.00–106.50 for breakout potential.
– **EUR/USD** dropped below 1.0800; support at 1.0700 critical to hold.
– **GBP/USD** faces pressure with BoE’s cautious tone; key levels near 1.2300.
– **USD/JPY** steadied above 145.00 amid risk sentiment swings.
Follow Justin Bennett’s analysis on Forex Factory for detailed setups and market context going into the new week.
The US dollar extended gains as the Federal Reserve maintains a hawkish outlook, supported by rising Treasury yields and strong economic data. This momentum put pressure on other major currencies, with the euro and pound slipping amid weaker economic signals and dovish central bank comments.
USD/JPY nears the critical 150.00 level as strong U.S. jobs data and Fed policy speculation fuel dollar gains against the yen. Watch for potential volatility and intervention around this key technical barrier. Traders eye support at 147.80 and resistance near 150.00 amid ongoing market shifts. #Forex #USDJPY
EUR/USD rallied near 1.0600 on softer US Core PCE data, raising speculation that the Fed may pivot to rate cuts early next year. Weaker inflation figures eased pressure on the dollar, while subdued ECB hawkishness supported the euro’s rebound. Markets now price in a growing chance of Fed easing by H1 2026.
EUR/USD rallies as US Core PCE inflation comes in below expectations, fueling bets on earlier Fed rate cuts. Softer inflation data shifts market sentiment toward monetary easing, pushing the dollar lower and boosting the euro. Traders eye key technical levels amid evolving policy outlook.
Weekly Forex Forecast: DXY remains range-bound, eyes on Fed policy and inflation data as resistance near 105.50 holds. EUR/USD tests support around 1.0650 amid ECB rate cut bets and moderating Eurozone inflation. GBP/USD looks poised near 1.25 support ahead of UK GDP and labor data, with BoE rate decision in focus. USD/JPY faces resistance near 146 amid mixed BOJ signals and US yield trends. Key data and central bank guidance to set the tone this week.
