European markets close with the dollar steady and stocks easing as traders await key US PCE inflation data and month-end flows. Markets remain cautious ahead of Federal Reserve guidance, with currency pairs holding tight ranges and volatility expected heading into June.
EUR/USD maintains key support near 1.0800 but bullish momentum is fading as RSI rolls over and volume weakens. The pair faces resistance around 1.0880–1.0900, with a rising wedge pattern signaling potential reversal. Further gains depend on stronger data or shifts in market sentiment.
Elliott Wave analysis of USDJPY as of Sept 1, 2025 shows a completed five-wave impulse and a corrective phase underway. A double zig-zag correction suggests short-term rallies may mislead before bearish potential unfolds. Key support near 145 and 141.75 likely targets ahead. #Forex #USDJPY #ElliottWave
The Dow Jones Industrial Average fell nearly 0.5% after July’s Core PCE inflation data surprised markets by rising faster than expected. Sticky inflation raises doubts about the timing of Federal Reserve rate cuts, igniting volatility across equities and bonds. Investors are recalibrating policy outlooks amid persistent price pressures.
Weekly Forex Analysis: As June 2024 progresses, EUR/USD remains subdued despite ECB’s rate cut and dovish tone, confined within a sideways range near key technical levels. GBP/USD and AUD/USD face pressures amid mixed UK data and commodity price shifts. US economic releases and central bank guidance will be crucial in setting near-term trends across major pairs. Traders should watch breakout levels around 1.09 for EUR/USD and 1.25 for GBP/USD, with risk sentiment and geopolitical developments influencing market dynamics.
European market wrap: The US dollar held steady amid cautious trading in equities, which eased slightly across major European indexes. Investors remain focused on the upcoming US Core PCE Price Index report and month-end positioning, awaiting data that could influence Fed policy and market direction. Bonds showed mild safe-haven demand as risk appetite moderated ahead of key US economic releases.
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EUR/USD remains resilient, holding firm above the key 1.0800 support level as markets await crucial US economic data this week. Investors are eyeing core PCE inflation, jobless claims, and GDP figures closely, looking for clues on the Federal Reserve’s next moves. The currency pair’s near-term direction will hinge on these outcomes amid cautious risk sentiment and differing monetary policy paths between the Fed and ECB. Stay tuned for potential volatility shifts in the world’s most-traded forex pair. #EURUSD #Forex #USD #Euro
Elliott Wave analysis of USDJPY as of Sept 1, 2025 suggests the pair is in the final stages of a five-wave impulsive move from 2021 lows. If wave (5) completes near 150.60, a corrective pullback could be imminent, signaling a potential shift in trend. Traders should watch for confirmation.
Dow Jones slides over 250 points as July’s hotter-than-expected PCE inflation data signals persistent price pressures. Elevated inflation raises odds of prolonged Fed tightening, dimming hopes for near-term rate cuts and spooking equity markets.
