United States. The US dollar is strengthening against the Japanese yen today while posting moderate losses against the euro and the British pound.
By Sagar Dua USD/TRY is holding within a strong long-term uptrend near 40.6250, as investors digest a new round of mixed macroeconomic signals out of Turkey.
By Sagar Dua EUR/USD continues its corrective trend, trading near 1.1583 in the Asian session. The euro remains neutral, weighed down by weaker-than-expected business activity data across the bloc.
By Sagar Dua The US dollar is strengthening against both the euro and yen, while showing mixed performance versus the British pound. Investor focus is locked on President Donald Trump’s latest comments: in a CNBC interview today, Trump announced new tariffs on semiconductor and microchip imports, aiming to boost US domestic manufacturing capacity. He also warned that tariffs on pharmaceutical imports could ultimately reach as high as 250%, marking the most aggressive measures to date—although any increase would be phased in over the next 18 months.
By Sagar Dua EUR/USD is trading near the midline of the Bollinger Bands at 1.1640 in the Asian session, with a breakout above this level likely to accelerate bullish momentum towards 1.1841 and 1.1963. Investors are reassessing the monetary policy outlook after the European Central Bank (ECB) left its deposit rate unchanged at 2.00% on July 24, following eight consecutive 25bps rate cuts over the past year. The ECB now projects eurozone CPI at 2.6% over the next 12 months, up from 2.1%, with medium- and long-term forecasts at 2.4% and 2.1%, respectively.
By Sagar Dua The GBP/USD pair is consolidating near 1.3286 as traders await the Bank of England’s key interest rate decision on Thursday (8:00 AM ET). According to Bank of America and other leading analysts, there is a strong likelihood of a 25 basis point rate cut—from 4.25% to 4.00%—which would mark the lowest level since January 2023.
By Sagar Dua The US dollar is under pressure against the British pound and shows mixed performance versus the yen and euro as traders digest the latest July jobs report. Nonfarm payrolls disappointed at 77,000 versus the expected 106,000, with unemployment ticking up to 4.2%. Last month’s figure was revised sharply lower, signaling labor market cooling. Rising inflation risk keeps the Federal Reserve on alert, with most analysts expecting at least one rate cut before year-end.
By Sagar Dua The USD/CHF pair lost ground last week after failing to break above the 0.8150 resistance, driven by the release of US labor data. Unemployment edged up to 4.2%, while payrolls rose by just 77,000—well below the 106,000 forecast. The June figure was sharply revised from 147,000 to just 14,000. Healthcare saw the largest job gains (+55,000), while government employment declined by 12,000. Average hourly earnings matched expectations, rising 0.3% month-over-month and 3.9% year-over-year.
By Sagar Dua The AUD/USD pair is consolidating in a mild uptrend near 0.6483 in early Asia trading, with the Australian dollar maintaining its positive momentum after last Friday’s sharp decline in the greenback. Economic activity in Australia is showing modest improvement: according to the latest Australian Bureau of Statistics (ABS) data, the Producer Price Index (PPI) rose 0.7% in June, down from 0.9% last quarter and below the 0.9% consensus. On a yearly basis, PPI came in at 3.4% versus 3.7% previously—the lowest since 2021. Real estate services (+1.1%) and food production (+8.4%) led price gains, while oil refining plunged -9.0% as crude prices hit a four-year low. Both wholesale and consumer inflation are slowing, increasing the likelihood of further monetary easing from the Reserve Bank of Australia (RBA).
By Sagar Dua The NZD/USD pair is correcting near 0.5917, pressured by a broad pullback in the US dollar and soft data from New Zealand. Investors are digesting the latest building permits report from Stats NZ: seasonally adjusted permits fell by 6.4% in June after a prior 10.0% rise. For the year ending in June, total consents increased by 1.0% to 33,979, while non-residential construction value dropped 0.9% to $9.0 billion NZD. Among 2,627 new residential units approved, 1,302 were standalone homes, 1,169 were townhouses, 116 were apartments, and 40 were retirement units—figures now back to 2018–2020 averages and still well below the 2022 peak.
By Sagar Dua The US Dollar Index (USDX), tracking the dollar against a basket of global currencies, is consolidating near 98.57—off last month’s high at 100.00—as markets digest new personnel moves from President Donald Trump. On August 1, Trump dismissed Bureau of Labor Statistics Commissioner Erica McEntarfer over allegations of job data manipulation tied to the record June jobs revision (-258,000). This perceived stability in labor market data had been one reason the Fed held rates steady for so long. Fed Board member Adriana Kugler was also removed amid suspicions of internal collusion. These actions are increasing political scrutiny of economic agencies and signal that data assessments may shift going forward.
By Sagar Dua During the Asian session, USD/JPY is consolidating around 147.82 as traders digest the latest Bank of Japan (BoJ) meeting outcome. The BoJ left its key policy rate unchanged at 0.50%, reiterating its commitment to a hawkish stance if economic growth and inflation projections are met. Officials highlighted that wage indexation remains a critical factor for achieving the 2.0% inflation target. BoJ Governor Kazuo Ueda also noted that the recent US-Japan trade agreement, particularly the revision of import tariffs on Japanese autos, has reduced uncertainty for Japan’s export-driven economy and alleviated some of the constraints on future policy tightening. Following the BoJ meeting, the quarterly “Outlook for Economic Activity and Prices” report raised the core CPI growth forecast for the 2025 fiscal year from 2.2% to 2.7%.
By Sagar Dua United States. The US dollar is losing ground against the euro, yen, and pound as forex participants digest weaker-than-expected July labor data. Unemployment rose from 4.1% to 4.2%, nonfarm payrolls reached just 77,000 (versus a 106,000 forecast), and the prior month’s figure was sharply revised down from 147,000 to 14,000. Healthcare led hiring (+55,000), while government jobs dropped by 12,000. Average hourly earnings met expectations at 0.3% m/m, and rose 3.9% y/y (vs. 3.8% expected). Amid cooling labor momentum, the Fed faces a trade-off between curbing inflation and avoiding recession. Meanwhile, President Trump raised tariffs for Canada (35%), Taiwan (20%), and India (25%), with more duties on other trading partners taking effect today.
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.
