EUR/USD closed near 1.0770 after a mixed week marked by resistance below 1.0900 and gains halted by stronger U.S. data. Technicals lean neutral to slightly bearish with key support at 1.0723 and resistance near 1.0886. Watch for ECB-Fed policy divergence as inflation and growth trends shape next moves.
This week, watch USD/JPY closely as Japan’s Q2 GDP and July inflation data could influence the BoJ’s policy stance. With the Fed’s hawkish outlook pushing yields higher, will USD/JPY break the 145 resistance? Key U.S. indicators and BoJ’s dovish stance remain critical factors. #Forex #USDJPY
Elliott Wave analysis of USD/CAD as of September 8, 2025, shows the pair navigating Primary wave C lower after completing waves A and B in a long-term corrective structure. With the Federal Reserve poised for possible 2026 rate cuts and the Bank of Canada remaining dovish amid mixed oil prices, wave (5) of C targets the 1.2700–1.2500 area. Watch key retracements and invalidation levels closely.
US Dollar Weekly Analysis: The recent volatility raises the question—are we facing a prolonged USD sell-off or a short-term correction? While softer US data and shifting Fed signals add uncertainty, the dollar’s resilience amid mixed global cues suggests caution. Monitoring macro trends and central bank moves remains key to gauging the dollar’s next chapter. #Forex #USDAnalysis
As we enter a new trading week, the U.S. Dollar Index (DXY) remains range-bound between 104.00 and 105.80, awaiting fresh Fed signals. EUR/USD is bouncing off support near 1.0670 but faces resistance around 1.0800 amid ECB cautiousness and Eurozone political risks. GBP/USD shows bearish pressure, struggling below key levels as Brexit uncertainties linger. NZD/USD continues to test downside momentum with global growth concerns weighing. Traders should watch central bank cues and economic data for potential breakout opportunities. Stay vigilant.
— Weekly Forex Forecast by Justin Bennett
The U.S. dollar slid sharply after job growth slowed to just 22,000 new positions, far below expectations. This weak labor report has shaken markets and raised doubts about further Fed rate hikes. EUR/USD surged above 1.0800, GBP/USD climbed past 1.2750, while USD/CAD and USD/JPY saw notable declines. Watch these pairs closely as Fed policy outlooks shift with economic data.
Japanese Yen Weekly Forecast: Will USD/JPY break 145? With Japan’s Q1 GDP and inflation data due this week alongside key U.S. retail sales and jobless claims reports, markets watch central bank policy divergence closely. Fed’s “higher for longer” vs BoJ’s dovish stance sets the stage for potential volatility. Stay tuned as fundamentals and yields shape the pair’s near-term path. Analysis by James Hyerczyk, FX Empire.
The Canadian Dollar lost ground on Friday as bullish momentum faded. Declining crude oil prices, softer Bank of Canada rate hike expectations, and stronger U.S. economic data pressured CAD, pushing USD/CAD higher toward resistance near 1.3680. Traders should monitor oil trends and monetary policy signals for next moves.
The US dollar faces a critical juncture as recent declines raise questions about a sustained sell-off versus a temporary pullback. Federal Reserve’s data-dependent stance, mixed economic signals, and global factors create uncertainty for the dollar index’s path. Traders should watch key support near 104 and Fed communications closely to gauge the greenback’s true direction.
Weekly Forex Forecast from Justin Bennett for Forex Factory:
DXY consolidates near 104.50, holding a symmetrical triangle with resistance at 105.00 and support at 104.20. CPI and PPI data will be key.
EUR/USD struggles below 1.0800 amid bearish momentum; watch 1.0860 resistance and support at 1.0720. Eurozone softness favors USD strength.
GBP/USD trades in a broad range between 1.2515 and 1.2815; focus on 1.2660 resistance and 1.2580 support amid mixed UK data.
NZD/USD remains sensitive to risk sentiment, with support around 0.6350 and resistance near 0.6450 as global growth concerns loom.
Stay tuned to macro updates and technical levels for potential breakouts or reversals this week.
