US dollar gains strength as markets anticipate key US economic data and the Federal Reserve’s next move. With hawkish signals and robust GDP and labor reports, the greenback rallies while euro, pound, and Asian currencies face pressure. Stay tuned for Friday’s Non-Farm Payrolls and PMI updates that could drive further volatility. Original insights by Mitrade News Team.
USD/JPY surges past 149 boosted by stronger US ISM Manufacturing PMI, with bullish momentum building toward the key 150 level. All eyes now on upcoming Nonfarm Payrolls—could it spark a decisive break above 150? Technicals favor bulls but watch for Japan’s intervention risk. #Forex #USDJPY #NFP
USD/CAD remains under persistent bearish pressure, unable to break key resistance near 1.3620 as the pair trades below the 50-day EMA with weak momentum indicators. Diverging central bank policies favor the Canadian dollar, supported by stronger domestic data and rising oil prices, while softer U.S. economic figures weigh on the greenback. Unless the pair moves above 1.3680, downward risks toward 1.3440 and 1.3360 persist in the near term.
AUD/USD advances as Australia’s Q1 GDP growth of 0.8% surpasses forecasts, highlighting economic resilience amid global challenges. Strong consumer spending and exports boost confidence, prompting expectations of a more hawkish RBA stance. Market eyes potential for further AUD gains.
The US Dollar Index (DXY) surged as stronger-than-expected US ISM Services PMI signals resilience in the economy. Market sentiment shifts away from imminent Fed rate cuts, pressuring EUR/USD and GBP/USD. Technical outlook points to continued dollar strength amid policy divergence.
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USD/JPY continues its bullish momentum, breaking past 146.50 and supported by rising 50- and 100-day EMAs, ascending channels, and strong MACD and RSI readings. Diverging US-Japan monetary policies and carry trade demand reinforce the uptrend. Watch resistance at 147.50 and 149.00 closely.
USD/CAD continues to face persistent bearish pressure as bullish momentum stalls below key resistance at 1.3600. Technical indicators and price action suggest a likely move toward support near 1.3480, with further downside possible if that level breaks. Oil price resilience and the Bank of Canada’s steady policy stance support the Canadian dollar, reinforcing the current bearish trend.
Analysis credit: Economies.com – September 3, 2025. #forex #USDCAD #trading
USD/JPY and AUD/USD are navigating range-bound volatility as markets digest US inflation data. April’s core CPI aligned with expectations, keeping Fed rate cut bets alive but cautious. USD/JPY consolidates amid BOJ-Fed divergence and intervention fears, while AUD/USD gains on eased rate hike concerns and risk-friendly flows. Traders should watch key support/resistance levels and upcoming data for next directional cues. #Forex #TradingOutlook
GBP/USD breaks key support at 1.2590, signaling bearish momentum amid weak UK data and a stronger US dollar. Technicals confirm downside risk toward 1.2500, aligning with a hawkish Fed tone and market sentiment shifts. Full analysis inspired by economies.com. #Forex #GBPUSD #TradingAnalysis
