The U.S. dollar is nearing weekly lows amid shifting Fed expectations and mixed economic data. EUR/USD and GBP/USD show resilience with positive technical setups, while USD/CAD gains from commodity strength. USD/JPY remains sensitive to risk appetite shifts. Market focus stays on central bank signals and global economic indicators for next moves.
U.S. Dollar tests weekly lows amid mixed U.S. data and Fed uncertainty, pressuring USD across major pairs. EUR/USD nears key resistance at 1.0900, GBP/USD tests 1.2750 amid strong UK data, USD/CAD and USD/JPY reflect risk sentiment shifts. Watch central bank cues and economic releases for next moves. Credit: Christopher Lewis, FX Empire.
U.S. Dollar hits new weekly lows amid soft economic data and market bets on Fed easing. EUR/USD and GBP/USD gain as ECB and BOE outlooks shift, while USD/CAD and USD/JPY face pressure from narrowing yield gaps and risk sentiment. Key levels to watch this week. #ForexAnalysis
Dow Jones and S&P 500 dropped over 1% as bets on Fed rate cuts fade amid resilient US economic data. Investors now eye key upcoming releases for clues on inflation and employment, shaping near-term markets and risk sentiment.
Political tensions surrounding UK Prime Minister Keir Starmer’s administration are weighing on the British pound, pushing GBP/USD closer to the key 1.3100 level. Uncertainty over government unity, fiscal policies, and inflation outlook are driving volatility in the currency markets amid a complex global environment.
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British Pound slipped to around 1.31 against the US Dollar following weak UK GDP data showing a 0.1% contraction. Market sentiment shifted as concerns mount over slowing growth, rising borrowing costs, and a cautious Bank of England outlook. The policy gap with the Fed continues to weigh on GBP/USD. Analysis by Bradley Gibbs, CurrencyNews.co.uk.
The British Pound slipped below 1.31 against the US Dollar after UK GDP growth for September came in below expectations. Weaker services sector performance and cautious BoE rate outlook intensified selling pressure on GBP/USD, highlighting concerns over the UK’s economic recovery amid global headwinds.
GBP/USD tumbles below 1.31 amid renewed UK political instability and sluggish economic data. Uncertainty over government leadership and Brexit tensions weigh heavily, while a strong US Dollar and cautious BoE outlook add further pressure. Technical indicators point to continued downside risk.
AUD/USD and GBP/USD face pivotal moves this week as markets digest Australia’s jobs report, a UK data-heavy schedule, and crucial US inflation figures. US CPI remains key, with sticky core inflation likely to shape Fed policy bets and USD direction. Watch AUD jobs data for clues on RBA’s stance, while UK data will test Sterling after the BoE’s dovish tilt. Technicals show AUD/USD near support, GBP/USD sensitive to UK growth signals. Stay alert for volatility ahead.
— Matt Weller, Senior Market Analyst, FOREX.com
