USD/CAD is eyeing the 1.4050 resistance level amid a strong U.S. dollar, rising oil prices, and a dovish Fed stance. While oil supports the Canadian dollar, the Fed’s cautious outlook and looming rate cuts bolster USD strength. Watch key economic data and Fed signals for next moves.
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
GBP/CAD faces volatility as UK budget concerns weigh on sterling, while CAD struggles amid falling oil prices. Uncertainty over fiscal policy and mixed economic data keep the pair under pressure heading into Q4 2024.
EUR/USD’s fragile recovery from 10-month lows faces renewed bearish pressure as dollar strength persists, Eurozone data weakens, and ECB signals pause. With Fed’s hawkish stance and US Treasury yields near 16-year highs, the euro remains vulnerable amid ongoing divergence and mixed fundamentals.
EUR/USD faces persistent pressure as recovery attempts falter, with bearish sentiment dominating amid divergent central bank policies, weak Eurozone data, and strong Fed hawkishness. The euro struggles to sustain gains against a robust US dollar, suggesting limited upside in the near term.
Friday’s strong US jobs data sent the dollar sharply higher, pushing yields and the DXY to multi-year highs. While the rally reflects robust economic fundamentals and Fed hawkishness, technical and positioning signals hint the dollar may be nearing a short-term peak. Markets will watch if the greenback can sustain this momentum or if profit-taking sets in amid cautious Fed expectations.
The Canadian dollar faced strong pressure last week as falling oil prices and weaker trade data weighed on the currency. Meanwhile, solid U.S. economic reports and hawkish Fed signals bolstered the USD, pushing USD/CAD to multi-week highs. The outlook for CAD remains challenged heading into Q4 amid softening demand and economic signals.
USD/CAD saw notable volatility last week as the Canadian dollar weakened amid slipping oil prices and disappointing trade data. With crude prices down 8% and a larger-than-expected trade deficit, the CAD struggled despite stable BoC policy. Meanwhile, strong US economic data and higher Treasury yields supported the USD. Watch for further CAD pressure unless oil stabilizes or Canadian data improves.
Weekly Forex Forecast for October 5, 2025: EUR/USD faces ongoing bearish pressure with key resistance near 1.0600; a break above 1.0750 could shift momentum. USD/CAD remains supported above 1.3550 as bullish patterns suggest upside potential. Watch S&P 500 for cues amid global economic uncertainties. Stay informed with DailyForex.com insights.
As we head into October 5-10, 2025, forex markets face critical moves. EUR/USD remains range-bound between 1.0570 and 1.0700 amid mixed ECB and Fed signals. GBP/USD treads water around 1.2150–1.2290 with Bank of England cautious on rate cuts. Traders should watch for breakouts confirming new trends. Insights adapted and expanded from DailyForex analysis. Stay informed and trade wisely.
