US payroll revisions showing weaker job growth combined with renewed trade tariff tensions have pushed EUR/USD above 1.1550. Market sentiment shifts as Fed rate cut bets rise amid dollar pressure, while eurozone data offers cautious optimism. Watch for sustained momentum near key resistance levels. #Forex #EURUSD
The British Pound slipped against the Euro and US Dollar after a stronger-than-expected US jobs report. Higher US employment numbers raised bets on Fed rate hikes, pressuring GBP/USD and GBP/EUR. Market focus shifts to central bank policies as economic outlooks diverge. Original analysis by Joel Frank, Currency News.
USDJPY Elliott Wave update: After a corrective A-B-C in 2024, Wave III is unfolding in 2025 with promising bullish momentum. Watch for key resistance breaks as Fed-BoJ policy divergence fuels volatility. Detailed wave structure suggests potential new highs ahead. #ForexAnalysis #USDJPY
USD/CAD tested a 10-week high near 1.2870 midweek before easing back to close around 1.2780 on Friday. Despite the late pullback, the pair posted a 0.7% gain for the week, buoyed by strong US Q2 GDP data and Treasury yields, while Canadian GDP and oil price swings weighed. Market sentiment remains cautiously bullish heading into next week.
AUD/USD slips as softer US jobs data sparks bets on RBA easing. Despite weak NFP suggesting earlier Fed cuts, Aussie comes under pressure amid growing expectations that the Reserve Bank of Australia will pivot to a dovish stance. Domestic outlook drives the pair lower amid mixed global signals.
GBP/USD faces a defining week as technical signals show stalled bullish momentum near 1.2740 resistance, while key supports around 1.2600 hold firm. Diverging UK-US central bank policies and shifting risk sentiment keep volatility elevated. Watch closely for a break above 1.2850 or below 1.2590 to set the next directional trend. Full analysis credits ActionForex.com.
EUR/USD extended its decline on August 1, 2025, closing below key support levels amid continued bearish momentum. The pair remains under 50- and 100-day EMAs near 1.0925, facing resistance around 1.0900 to 1.0930. Technical patterns, including a bearish flag and RSI below 50, suggest further downside potential toward 1.0800 and 1.0755. US dollar strength driven by robust labor data supports the downward trend. Traders should monitor support zones and key indicators before positioning for the days ahead. Analysis adapted from Economies.com.
EWM Interactive’s Elliott Wave analysis of USDJPY signals a nearing potential top after a strong five-wave uptrend since 2021. Indicators suggest price exhaustion and a possible corrective phase ahead, highlighting the importance of cautious positioning in this key forex pair. #USDJPY #ElliottWave
USD/CAD retreated from a 10-week high but secured a 0.7% weekly gain, closing at 1.3285. Sluggish Canadian GDP and falling oil prices pressured CAD, while a resilient US economy and Fed’s hawkish stance supported the USD. Market watchers await next week’s key data for direction. #Forex #USDCAD
Certainly, the AUD/USD pair remains under pressure this week, struggling to break above key resistance near 0.6700 amid ongoing risk-off sentiment and divergent central bank policies. Technical charts suggest the prevailing downtrend is intact, with critical support clustered around 0.6600 and 0.6450. Monitoring macroeconomic data and Fed/RBA guidance will be crucial, as a break below these levels could accelerate bearish momentum, while a sustained move above 0.6750 may signal a corrective rebound. (Analysis based on insights from ActionForex.com, DailyFX, and Investing.com)
