USD/CAD climbed last week as mounting U.S. inflation data and persistent trade barriers pressured the Canadian dollar. Falling oil prices and weak Canadian employment figures added to CAD headwinds. Trade tensions on lumber and exports continue to weigh on Canada’s economy, challenging near-term USD/CAD outlook.
EUR/USD advanced amid mixed US economic data that tempered dollar strength. Retail sales showed modest growth, industrial output remained resilient, while consumer sentiment softened slightly, creating uncertainty over Fed’s next moves. Market focus now shifts to the upcoming Trump-Putin meeting, which could shape geopolitical risks and influence currency direction.
Weekly Forex Forecast: 17th to 22nd August 2025 by Dr. Michael Duane Archer on DailyForex.com highlights central bank divergences, key economic data releases, and geopolitical risks as major drivers. EUR/USD faces bearish pressure below 1.0700 amid Fed-ECB policy gaps, GBP/USD struggles under mixed UK data near 1.2500, while USD/JPY bullish momentum persists despite overbought signals. Traders should watch support and resistance levels closely in a volatile week ahead.
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EUR/USD showed modest gains last week as the U.S. dollar weakened amid rising bets on a Federal Reserve rate cut in September. Soft inflation data and dovish Fed remarks weighed on the dollar, while the ECB maintained a cautious stance with no immediate policy changes expected. Traders remain watchful as mixed economic signals shape monetary policy outlooks.
Japanese Yen faces pressure as investors await Japan’s inflation data and Fed Chair Powell’s speech at Jackson Hole. Diverging policies between BoJ’s ultra-loose stance and Fed’s tightening continue to weigh on the Yen. Key CPI figures and Fed signals will shape USD/JPY direction this week. #Forex #JPY #JacksonHole
USD/CAD climbs as rising trade barriers and tariff uncertainties weigh on the Canadian dollar. Mixed Canadian economic data and dovish BoC outlook contrast with strong U.S. indicators and Fed hawkishness, pushing the pair higher. Traders should watch evolving trade tensions and central bank signals closely.
EUR/USD edges higher as mixed U.S. economic data presents a nuanced outlook—retail sales steady, manufacturing sentiment strong, inflation pressures contained. Markets now focus on the upcoming Trump-Putin meeting amid ongoing geopolitical risks and Eurozone sentiment improvements.
Weekly Forex Forecast: 17–22 August 2025 highlights focus on US Fed minutes, UK inflation/employment data, Eurozone PMI, and Japanese releases. USD shows resilience amid global risks; EUR struggles with dovish ECB expectations; GBP eyes UK economic reports for direction. Key technical levels suggest cautious trading. Stay tuned for updates and manage risk accordingly.
EWM Interactive’s August 18, 2025 Elliott Wave analysis suggests EUR/USD remains in a larger bearish trend despite recent corrective gains. The five-wave impulse down points to continued downside risk, with the current A-B-C correction likely nearing completion. Key resistance near 1.0650 must hold to keep the bearish outlook valid. Traders should watch for reversal signals around this level.
