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.
Japanese Yen faces pressure amid dovish BoJ stance while markets await critical Japanese inflation data and Jackson Hole symposium insights. Fed’s tone on rates and U.S. data releases to shape USD/JPY trajectory this week. #Forex #JPY #JacksonHole
USD/CAD faces upward pressure amid rising U.S.-Canada trade tensions and disappointing Canadian economic data. Strong U.S. growth and hawkish Fed expectations contrast with Canada’s slowing GDP, weaker retail sales, and cautious BoC outlook. The loonie remains vulnerable as trade barriers and softer domestic indicators weigh on confidence.
EUR/USD strengthens amid mixed US economic data—retail sales soften, industrial production surprises—and growing focus on the upcoming Trump-Putin meeting. Markets weigh uneven US growth signals and geopolitical developments as the euro gains ground against the dollar.
Weekly Forex Forecast: 17th to 22nd August 2025
As August progresses, forex markets face a balance between summer liquidity and potential volatility from key economic releases. Central bank divergences, inflation signals, and geopolitical tensions will shape price action. Watch for the Federal Reserve meeting minutes, Eurozone CPI, UK inflation data, and Australian employment figures. EUR/USD struggles near support at 1.0650 while GBP/USD waits on UK CPI and retail sales for direction. Stay disciplined and monitor technical levels as unexpected moves may emerge this week.
Credit to Adam Lemon, DailyForex.
Elliott Wave analysis of the S&P 500 as of August 18, 2025 suggests a completed five-wave bullish advance is followed by a corrective A-B-C pattern. The index appears to be in wave C, likely signaling deeper declines ahead before any sustained rebound. Understanding these wave dynamics can clarify potential market moves. #ElliottWave #SP500 #MarketAnalysis
Japanese Yen Weekly Outlook: After last week’s pressure from rising U.S. Treasury yields and strong U.S. data, the focus shifts to Japan’s July inflation figures and the Jackson Hole Symposium. Market eyes core CPI trends and BoJ policy signals for potential yen support amid persistent USD strength. #Forex #JPY #BoJ
USD/CAD surged last week amid rising U.S. economic strength and hawkish Fed signals, while the Canadian dollar weakened due to disappointing employment, falling exports, and mounting protectionist threats. Trade tensions and oil market volatility continue to pressure CAD, setting the stage for further divergence in the coming week. Traders should watch for BoC policy shifts and U.S. inflation data as key drivers ahead.
