AUD/USD looks set to trade range-bound between 0.6580 and 0.6620, according to UOB Group’s analysis. Momentum remains subdued with no clear directional bias. Breaks beyond this zone could lead to limited follow-through moves as markets await fresh catalysts amid ongoing global uncertainties. Traders should watch for key support at 0.6580 and resistance near 0.6620.
FTSE 100 approaches the key 9,500 level, fueled by strong earnings and commodity gains, while GBP/USD remains range-bound amid central bank caution. Meanwhile, gold eyes the $4,000 mark, supported by geopolitical tensions and inflation concerns. Market watchers should brace for potential volatility as these critical thresholds are tested.
— Analysis by Chris Beauchamp, IG Group
Gold prices are surging toward a historic $4,000 per ounce as persistent inflation, negative real yields, central bank gold buying, and global uncertainties drive investor demand and bullish momentum. The precious metal’s rally reflects a broad shift amid challenging economic and geopolitical conditions.
USD/JPY breaks above 150.37 amid Sanae Takaichi’s rising political influence, signaling continued expansionary policies and yen weakness. Combined with a strong USD and BoJ’s dovish stance, markets eye potential intervention as the pair pushes higher. Source: FX Leaders, Skerdian Meta.
USD/CAD bulls set sights on 1.4050 as crude oil prices surge above $90 and Fed signals potential dovish pivot. Oil gains support CAD, but cautious Fed outlook and US yield dynamics keep USD strong. Key technicals back an upward move amid evolving macro trends. #Forex #USDCAD #Oil
AUD/USD is expected to remain within a lower trading range as downside risks persist, with key support near 0.6580 and resistance around 0.6620. Recent consolidation reflects cautious market sentiment amid USD strength and mixed Australian data, suggesting limited directional momentum ahead. Traders should watch for range-bound moves rather than strong breakouts. Analysis adapted from FXStreet and UOB Group.
FTSE 100 edges closer to 9,500 amid strong corporate earnings and a softer pound, while gold tests the $4,000 level supported by inflation worries and geopolitical tensions. Meanwhile, GBP/USD trades within a range as markets digest mixed UK data and await further clarity on monetary policy.
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Weekly Forex Forecast by Adam Lemon at DailyForex.com offers insights on EUR/USD, USD/CAD, and S&P 500 for the week beginning October 5, 2025. Watch for continued volatility driven by interest rate dynamics, economic data releases, and geopolitical factors. EUR/USD shows bearish momentum amid ECB caution and Fed strength. USD/CAD gains support from a firm U.S. dollar and weakening Canadian economy. The S&P 500 remains volatile as markets digest inflation and growth concerns. Traders should monitor key support and resistance levels and central bank updates for potential trading opportunities.
The Japanese yen fell to a two-month low against the US dollar after Sanae Takaichi’s unexpected victory in the LDP internal election. Her support for Abenomics signals continued loose monetary policy and sustained low interest rates, putting downward pressure on the yen amid rising expectations for US rate hikes.
