Apollo Global Management’s Chief Economist Torsten Slok warns the pound-to-dollar exchange rate may have peaked for this cycle. Strong US data and persistent core inflation suggest Fed rate cuts are not imminent, challenging GBP/USD’s recent gains. Traders should reassess USD and GBP outlooks amid shifting fundamentals heading into H2 2024.
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EUR/USD showed volatile swings last week as traders reacted swiftly to central bank signals and mixed economic data. The euro faced resistance near 1.0950, while the dollar held firm amid strong U.S. growth and Fed hawkishness. Short-term reversals highlighted cautious sentiment and shifting speculative positions heading into July 20, 2025. Analysis by Jamie Saettele at InsuranceNewsNet.com.
USD/JPY continues to climb above 157, driven by Fed-BoJ policy divergence and strong US economic data. With US yields rising and the Yen lacking intervention support, technical indicators point to sustained bullish momentum. Watch key resistance near 158 and support around 155 for next moves. #Forex #USDJPY #Trading
USD/CAD showed signs of stabilization Tuesday, rebounding after Monday’s dip amid softer US economic data, dovish Fed signals, and rising crude prices supporting the loonie. Key support holds near 1.3540, but upcoming US and Canada economic reports will be crucial for near-term direction.
AUD/USD remains under pressure with key resistance near 0.6577–0.6600 capping the recent corrective rally. Short-term indicators show neutral momentum but a positive MACD crossover hints at potential upside if risk appetite improves. Watch support around 0.6520–0.6500; failure to hold may resume bearish trend. Sustained break above 0.6585 could open path to 0.6625 and beyond. Traders should monitor global macro factors alongside technical signals for clearer direction. #Forex #AUDUSD #TechnicalAnalysis
AUD/USD faces renewed pressure as weaker-than-expected Australian jobs data and a dovish RBA outlook weigh on the Aussie. Meanwhile, a resilient US Dollar supported by hawkish Fed expectations adds to the downside risk. Traders should watch key support levels and upcoming economic releases closely.
Weekly Technical Outlook by Matt Weller at FOREX.com highlights key trends for EUR/USD, GBP/USD, USD/JPY, gold, oil, and SPX500 as markets react to mixed economic data, central bank signals, and geopolitical tensions. Watch for EUR/USD bearish pressure toward 1.0750, GBP/USD sideways near 1.2900, and USD/JPY nearing 160.00 in the week ahead. More details: forex.com/ie/news-and-analysis/eur-usd-gbp-usd-usd-jpy-gold-oil-spx500-weekly-technical-outlook-7-21-2025
USD/JPY is slipping back under pressure after failing to hold above the 157.80 resistance, with a bearish double top pattern signaling further downside risk. Watch key support at 155.70—breach could accelerate losses. Technical indicators confirm fading bullish momentum.
USD/CAD has broken above its bullish correction trend line, signaling a potential continuation of upward momentum. Key technical indicators and support levels suggest strength, while traders watch for breaks above 1.3625 to confirm further gains. Fundamental factors like oil prices and US economic data remain crucial in shaping the pair’s near-term direction. #Forex #USDCAD #Trading
