Pound sterling rises 0.26% against the US dollar amid ongoing US government shutdown. Political gridlock is fueling dollar weakness and shifting investor sentiment, driving GBP/USD higher despite broader risk-off market conditions. Traders watch for further volatility as the fiscal impasse continues.
Forex Technical Major Pairs Analysis – October 3, 2025: EUR/USD holds bearish momentum below key resistance at 1.0700 with support at 1.0470. GBP/USD remains near lows, pressured by UK fundamentals and US dollar strength, key levels at 1.2210 resistance and 1.2050 support. USD/JPY bulls push past 149.70, aiming for 150.00 and beyond amid Fed hawkishness. USD/CAD follows dollar strength despite softer oil prices. Traders should watch critical support and resistance zones ahead of major US data releases. Full analysis by F.X. Ruppert at FXDailyReport.com
Japanese yen faces renewed pressure as LDP victory secures PM Kishida’s dovish stance and BOJ signals continued ultra-loose policy. With the Fed hawkish and yield differentials wide, expect volatility and potential further yen weakness against the USD. #Forex #JPY
Gold prices surged as concerns over a possible U.S. government shutdown heightened safe-haven demand. The combination of political deadlock, a weaker dollar, falling Treasury yields, and strong central bank buying has driven gold toward recent highs, underscoring its role as a hedge amid rising fiscal uncertainty.
The Australian dollar is holding steady around 0.6600 against a weakening US dollar amid disappointing US economic data and cautious market sentiment. Softer US PMI readings, flattening wage growth, and lower Treasury yields weigh on the greenback, while subdued Australian economic data limits AUD upside. Investors await key US inflation figures for clearer direction.
Sterling gains 0.26% against the US dollar as the US government shutdown fuels uncertainty. Despite risk-off sentiment and weaker US economic data, the pound benefits from relatively stable UK outlook and a less dovish Bank of England. Market eyes Fed policy shifts amid ongoing US political deadlock. Credit: VT Markets (https://www.vtmarkets.com/live-updates/as-the-us-government-shutdown-continues-the-pound-sterling-gains-0-26-against-the-dollar/)
The U.S. dollar slumped to its largest weekly loss in months as concerns grow over a potential government shutdown and the Federal Reserve signals a pause or pivot in rate hikes. Market uncertainty is weighing on the greenback amid economic and political risks ahead. Read more: reuters.com
USD/JPY holds steady near 147 as traders eye Bank of Japan’s upcoming policy shift. Markets weigh BoJ’s potential move away from ultra-loose policies amid rising inflation and yen weakness. Key decisions ahead could reshape FX dynamics. #Forex #USDJPY #BoJ
Gold prices surged as worries over a potential US government shutdown drive investors toward safe-haven assets. With Treasury yields easing and the dollar weakening, gold is gaining momentum and eyeing a return to its 2023 highs, supported by positive technical signals and ongoing geopolitical uncertainties.
Forex Technical Analysis (Oct 3, 2025): EUR/USD remains bearish, testing critical support near 1.0500 amid hawkish Fed vs. dovish ECB dynamics; a break lower could target 1.0350, while a wedge pattern hints at corrective upside potential. GBP/USD consolidates near 1.2150 support, with resistance at 1.2280; oversold conditions suggest a possible reversal, though bears hold sway. Stay tuned to upcoming inflation and jobs data for key catalysts. Analysis credit: FXDailyReport.com technical team, with insights from DailyFX and FXStreet.
