Forex Market Review: Dollar Firms, German Ifo Rises
United States of America. The US dollar is strengthening against the pound and the yen, while showing mixed performance against the euro.
Markets
29
October
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By Sagar Dua - 390
The USD/JPY pair is trading sideways near 152.37, maintaining relative stability as U.S. officials express interest in Japan’s potential rate adjustments.
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By Sagar Dua
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EUR/USD. The euro is losing ground against the U.S. dollar as traders await new market drivers — most notably the results of today’s Federal Reserve policy meeting at 20:00 (GMT+2).
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By Sagar Dua
- 139
The U.S. dollar is showing a modest recovery in the USD/CHF pair, rebounding after a bearish start to the session. The instrument is testing 0.7945 for a breakout to the upside as traders await the results of the Federal Reserve’s policy meeting at 20:00 (GMT+2).
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By Sagar Dua
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The euro is weakening against the U.S. dollar (EUR/USD) as traders await new catalysts. The key event is today’s Federal Reserve meeting, with the decision expected at 20:00 (GMT+2). Analysts are nearly unanimous that the Fed will cut rates by 25 basis points to 4.00%. While the chances of a deeper easing cycle are growing, this is not yet seen as the main scenario. Fed officials are also expected to maintain a dovish tone, as inflation data has shown weaker growth than forecast. The regulator may even announce the end of its quantitative tightening (QT) program amid liquidity concerns in the banking sector.
28
October
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By Sagar Dua
- 354
The EUR/USD pair may rise toward 1.1725 and higher as investor appetite for risk assets strengthens, while gold prices have fallen by 3.36% since the start of the week and the U.S. dollar has declined by 0.3%. Market optimism is supported by expectations of easing U.S.–China trade tensions: yesterday, officials from China and U.S. Treasury Secretary Scott Bessent announced that both sides had reached a basic consensus, and President Donald Trump said that the first agreements could be signed as early as Thursday.
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By Sagar Dua
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The AUD/USD pair is trading around 0.6565 amid expectations surrounding the upcoming meeting between Donald Trump and Xi Jinping in South Korea later this week, where the two leaders are expected to reach new agreements and potentially sign a deal.
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By Sagar Dua
- 566
The FTSE 100 index shows a short-term upward trend, trading around 9655.0 amid a correction in the bond market.
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By Sagar Dua
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EUR/USD. The euro is strengthening against the U.S. dollar, holding near 1.1665 as investors and forex traders refrain from opening new positions ahead of the U.S. Federal Reserve and European Central Bank meetings scheduled for Wednesday at 20:00 (GMT+2) and Thursday at 15:15 (GMT+2), respectively.
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By Sagar Dua
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During the morning session, the USD/CAD pair remains near 1.3990 as investors refrain from opening new positions ahead of the upcoming monetary policy meetings of the Bank of Canada and the U.S. Federal Reserve, scheduled for tomorrow at 15:45 (GMT+2) and 20:00 (GMT+2), respectively. Both regulators are expected to cut interest rates by 25 basis points — to 2.25% in Canada and 4.00% in the U.S. Traders will focus on policymakers’ comments regarding future actions: U.S. officials may lower borrowing costs once more by year-end, while their Canadian counterparts are likely nearing the end of their easing cycle.
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By John Isige - 334
The British pound is gaining strength against the U.S. dollar, extending a modest bullish momentum formed earlier. The GBP/USD pair is testing the 1.3360 level for a potential breakout, while traders await fresh market catalysts.
27
October
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By Sagar Dua
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The USD/CHF pair trades around 0.7966, showing readiness for a potential decline as the Swiss franc maintains its stability amid persistent safe-haven demand.
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By Sagar Dua
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The USD/CAD pair is correcting around 1.3991, maintaining a generally stable trend amid positive macroeconomic data from Canada.
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