EUR/USD holds steady near 1.0810 despite stronger-than-expected US Q2 GDP growth of 2.1%. The dollar remains under pressure due to cautious Fed rate hike expectations, softer inflation data, and broad risk appetite. Meanwhile, the ECB’s hawkish stance supports euro resilience amid mixed Eurozone economic signals. Traders watch key technical levels for next moves.
ASX 200 futures hint at a possible bearish correction after failing to sustain a move above the key 9000 level. Rising bond yields, softer commodity prices, and cautious Fed outlook key factors shaping near-term market sentiment. Traders advised to watch technical signals closely. #ASX200 #MarketOutlook
USD/CAD has completed a key five-wave bullish sequence, approaching strong resistance near 1.3900. A corrective ABC pattern is unfolding, with potential retracements toward 1.3650–1.3600 support zones. Watch upcoming BoC and Fed policy moves for directional clues as technical and fundamental factors converge. Analysis adapted from MENAFN’s August 28, 2025 report.
AUD/USD remains range-bound between 0.6462 and 0.6539 as markets balance divergent signals. Fed’s higher-for-longer stance supports USD strength, while cautious RBA policy and commodity volatility keep the Aussie in check. Watch for shifts in global risk appetite and economic data to guide the next move.
GBP/USD is showing signs of bullish momentum, testing key resistance around 1.2700 amid encouraging UK economic data and technical support near 1.2600. Traders will watch for a sustained break above this level to confirm further upside. Insights from Economies.com (Aug 29, 2025). #Forex #GBPUSD
GBP/USD is attempting to gain bullish momentum after a period of volatility. Key resistance lies near 1.2750-1.2820, with support around 1.2630. Positive UK data and softer US Fed signals could fuel gains, while failure to break resistance may lead to deeper retracements. Details via Economies.com analysis, Economies Team. #Forex #GBPUSD #MarketAnalysis
Gold’s near-term technical outlook hinges on upcoming U.S. labor market data as prices consolidate after recent gains. Key support lies near $1915–$1920 and $1865 (200-day SMA), while resistance clusters around $1950 and $1985–$2000. The RSI suggests neutral momentum, leaving gold poised to react to labor reports that will shape Fed policy expectations and influence yields and the dollar. Traders should watch nonfarm payrolls and unemployment figures closely to gauge gold’s next move.
After a strong 2024 rally, the ASX 200 faces a bearish correction following rejection near 9000 resistance. Technical signals like RSI divergence and a flattening MACD suggest fading momentum. Inflation persistence and a hawkish RBA are key headwinds. Traders brace for pullback toward 7550 support. #ASX200 #StockMarketOutlook
USD/CAD continues its bullish momentum into late August 2025, currently in the fifth wave of an Elliott Wave impulse pattern as identified by Walid Salah El Din on MENAFN. With the pair testing resistance near 1.3900–1.4000, traders should watch for a potential ABC corrective phase afterward. Technical indicators like 50- and 200-day moving averages support this uptrend, but the RSI signals possible short-term pullbacks amid overbought conditions.
AUD/USD momentum is gaining steam after price decisively broke above a tight cluster of moving averages (20, 50, 100-day), flipping prior resistance into support. This technical breakout suggests growing bullish conviction with potential targets near 0.6750 and beyond. Traders will watch closely as fundamentals align.
