ASX set for a weak open as investors react to Wall Street’s cautious mood and await key earnings reports from BlueScope Steel and Charter Hall. Global inflation, mixed US rate signals, and uncertainty in China add pressure ahead of anticipated corporate updates.
GBP/USD remains supported above 1.35 as the British Pound weathers upward pressure from Fed policy tightening. Market focus stays on US rate hike signals and UK economic data, keeping the pair in a delicate balance amid shifting global monetary dynamics.
EUR/USD has broken above key resistance signaling a structural breakout that could lead to new long-term highs. Technical indicators like RSI and moving averages support continued gains, while fundamental factors favor the euro over the dollar. Traders should watch resistance near 1.1200 and 1.1400 for next potential targets.
Japan is moving forward with plans to launch a yen-backed stablecoin, aiming to boost financial innovation and compete globally in fintech. Supported by major banks, regulators, and tech firms, this initiative aligns with Japan’s strategy to modernize payments, enhance security, and foster digital currency adoption.
GBP/USD remains steady around 1.35 despite ongoing Fed rate hike expectations. Sterling faces pressure as divergent central bank policies and mixed UK economic data keep the pair in a cautious trading range. Traders watch closely for signs of a breakout or further consolidation.
— Trading News Team (www.tradingnews.com)
EUR/USD declined for a second consecutive week as resilient U.S. inflation data undermined market bets on a September Fed rate cut. Stronger-than-expected CPI figures prompted traders to delay expectations for easing, while dovish ECB signals and weak eurozone data kept the euro under pressure. Investors will watch upcoming U.S. inflation reports and ECB guidance for clues on the pair’s next move.
US dollar dips as markets digest Fed rate outlook and comments from Key Square’s Lee Bessent, who sees potential rate cuts by July 2024 amid cooling job growth and moderate inflation. Investors reassess Fed policy path, prompting shifts in currency valuations.
GBP/USD remains steady above 1.35 as sterling navigates pressures from a hawkish Federal Reserve and cautious BoE signals. Market focus intensifies ahead of key Fed policy decisions with rate expectations driving volatility and influencing the currency pair’s direction. Stay tuned for further updates. #Forex #GBPUSD
The US dollar extends gains as the Federal Reserve maintains a hawkish outlook, signaling elevated interest rates will persist amid ongoing inflation concerns. Strong US economic data and cautious Fed messaging bolster the greenback, driving capital into safe-haven assets and widening gaps against major currencies.
Weekly Forex Forecast Aug 17-22, 2025: EUR/USD shows mild bullish bias but caution advised near resistance. GBP/USD bullish above 1.2820 targeting 1.2900 amid strong UK data. USD/JPY recovering after pullback. Stay alert for volatility from central bank updates and geopolitical news. Full analysis by Nathan Smith via DailyForex.com
