Uncategorized

Weekly Forex Forecast (Oct 6-10, 2025) by Justin Bennett, Daily Price Action:

• DXY shows strong bullish momentum, consolidating above 106.30; watch resistance at 107.25 and 107.90. A drop below 106.30 risks a correction toward 105.60.
• EURUSD remains pressured below 1.0680, testing channel support near 1.0530. A break lower targets 1.0500–1.0480, while a bounce could reach 1.0680 resistance.
• GBPUSD continues downside move beneath 1.2100 amid cautious BOE signals, key support at 1.2000. Resistance lies near 1.2200.
• XAUUSD (Gold) holds above key support at $1940, eyeing resistance at $1975; watch inflation data and dollar strength for direction.

Focus on technical patterns and fundamentals for opportunities this week.

Weekly Forex Forecast (Oct 6-10, 2025) by Justin Bennett, Daily Price Action:

DXY remains bullish above 106.50, eyeing resistance near 108.00–108.50; a close below 106.50 could trigger correction toward 105.80 or 104.70.

EURUSD stays pressured under 1.0630; sustained selling may push price toward 1.0500 or lower, while a weekly close above 1.0630 is needed to shift momentum toward 1.0750.

GBPUSD faces resistance at 1.2200; downside risk targets 1.2000 support, with bulls needing a break above 1.2200 to reclaim control.

XAUUSD (Gold) consolidates above $1950; a decisive move above $1985 could extend gains toward $2020, while failure may revisit $1920 support.

Traders should watch key levels closely as these markets navigate critical inflection points this week.

Weekly Forex Forecast (Oct 6-10, 2025):
DXY approaches strong resistance near 107.70; a break above could target 109.00, but signs of overbought conditions warn of a possible pullback toward 106.00–105.00.
EURUSD remains pressured below 1.0750; support at 1.0450 key, with potential lows near 1.0350 if broken. Watch for short-term rebounds but overall bearish bias intact.
GBPUSD tests support around 1.2150; should it hold, look for rallies toward 1.2350, else deeper declines may follow.
XAUUSD struggles near $1980; strong support near $1930 crucial. A sustained break above $2000 could fuel renewed upside momentum.
Traders should monitor key technical levels alongside Fed and ECB developments for clues to next moves. Analysis based on Justin Bennett at Daily Price Action.

US Dollar price action is key as traders watch EUR/USD testing critical 1.0500 support amid Eurozone headwinds, GBP/USD breaking down from its channel on slowing UK growth, USD/JPY showing resilience versus yen weakness, and USD/CAD influenced by commodity trends. Volatility driven by Fed outlook and global macro remains elevated. Stay tuned for tactical setups. #ForexAnalysis #USD

Beijing’s recent gold price revaluation marks a strategic shift as China strengthens its reserves to bolster yuan stability and hedge against geopolitical risks. This move reshapes global gold markets, challenging US dollar dominance and accelerating the trend toward de-dollarization in international finance.

GBP/USD enters Q4 2025 at a crossroads: will renewed UK fiscal credibility strengthen sterling, or will the US Federal Reserve’s policy stance keep the dollar dominant? BoE’s cautious inflation fight and fiscal challenges contrast with Fed’s direction—traders weigh which catalyst will tip the balance as year-end approaches. Read Fiona Cincotta’s analysis for detailed insights.

Pound Sterling trades with mild gains near 1.3435 against the USD during Friday’s session as markets weigh Bank of England signals, mixed UK data, and softer US dollar dynamics. Watch key support at 1.3400 and resistance around 1.3450-1.3500 amid cautious risk sentiment.

Pound Sterling shows mild gains against the US Dollar, trading near 1.3435 during Friday’s session. GBP/USD remains rangebound amid cautious market sentiment, influenced by elevated inflation concerns, Bank of England’s policy signals, and ongoing global uncertainties. Key technical levels to watch: support around 1.3400 and resistance near 1.3475. Traders await fresh catalysts for directional clarity.
(Analysis based on Haresh Menghani, FXStreet)

GBP/USD recently hit resistance at its simple moving average, signaling a key technical barrier. This may pause or reverse current bullish momentum as traders watch for potential breakout or rejection. Combined with evolving monetary policies and economic data, the pair’s next move will be closely monitored. Stay tuned for updates.
Credit: Economies.com

GBP/USD snapped its three-day winning streak, closing slightly lower but staying range-bound amid mixed signals from UK and US economic data. With Fed cautious on rate cuts and BoE outlook uncertain, the pair remains locked between 1.2600 and 1.2800, reflecting ongoing market indecision and balanced positioning.