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United States of America. The US dollar is strengthening against the pound and the yen, while showing mixed performance against the euro.
EUR/USD. The European currency is showing moderate growth during the Asian session, extending the bullish momentum formed the day before: the EUR/USD pair is testing the 1.1780 mark for an upward breakout, while investors are awaiting the results of the two-day US Federal Reserve meeting, which will be released on Wednesday at 20:00 (GMT+2).
United States of America. The U.S. dollar, including on the Forex market, is weakening against the yen, the pound, and the euro.
The USD/JPY pair is trading in the 148.85–146.33 range and may move lower under pressure from expectations of monetary easing by the U.S. Federal Reserve at its Wednesday meeting at 20:00 (GMT+2). Investors are almost certain of a 25-basis-point rate cut to 4.25%, with Fed Chair Jerome Powell likely to justify the move by pointing to a cooling labor market
EUR/USD. The euro is showing mixed dynamics against the U.S. dollar during the Asian session, consolidating near 1.1730 as market activity remains muted while traders wait for fresh catalysts.
The U.S. dollar is gaining against the Chinese yuan in the USD/CNH pair during the morning session, rebounding after a series of declines over the past two weeks. The pair is testing the 7.1160 level to the upside as investors await new catalysts. Markets continue to analyze U.S. inflation data, trying to forecast how it might influence the Federal Reserve’s decision on September 17.
The U.S. dollar is gaining against the Swiss franc in the USD/CHF pair during the Asian session, once again testing the 0.7965 level for an upward breakout while correcting after a moderate decline the previous day.
The U.S. dollar is rising against the yen and the pound but shows mixed dynamics against the euro.
EUR/USD. The euro is trading flat against the U.S. dollar during the Asian session, holding near 1.1720 and preparing to close the week with modest gains, as traders digest German inflation data. In the broader forex market, EUR/USD remains in focus as investors assess eurozone fundamentals against expectations for a Fed rate cut.
The GBP/USD pair is consolidating around 1.3508 as traders await the UK economic report due tomorrow at 08:00 (GMT+2).
During the Asian session, USD/TRY continues its medium- and long-term bullish trend, testing 41.2740 to the upside as traders await U.S. inflation data at 14:30 (GMT+2).
During the Asian session, USD/JPY is testing the 147.70 level to the upside as traders digest fresh inflation data from Japan. The Producer Price Index (PPI) rose from 2.5% to 2.7% y/y in August, while the monthly reading slipped by 0.2% after a 0.2% gain in July, slightly weaker than forecasts for –0.1%. Sentiment was further supported by the BSI manufacturing index, which rebounded sharply from –4.8 points to 3.8 points in Q3, well above expectations of –3.3 points.
EUR/USD. The European currency is showing mixed dynamics in the EUR/USD pair during the Asian session, consolidating near the 1.1700 mark. Market activity remains subdued as investors refrain from opening new positions ahead of the European Central Bank (ECB) meeting results at 14:15 (GMT+2), as well as the release of U.S. consumer inflation data for August.
Forex analysis helps traders figure out where a currency pair might move next and guides their trading decisions. It’s a daily tool for planning entries and exits, based on two main approaches. Fundamental analysis looks at the broader economy: growth, inflation, and especially central bank policy on interest rates. Technical analysis studies past price movements, chart patterns, and signals that tend to repeat over time. Together, these methods give traders a clearer picture of the market and improve decision-making.