???? Forex Market Overview
???? USD (US Dollar)
Outlook:
Bullish
Key Drivers:
Anticipation of Federal Reserve's interest rate decision later this week.
US CPI (inflation data) released last Friday showed a slight uptick → strengthening dollar sentiment.
Safe-haven demand remains strong due to global uncertainties.
EUR (Euro)
Outlook:
Neutral to Bearish
Key Drivers:
Weak German industrial output and soft Eurozone inflation numbers are weighing on EUR.
Political uncertainty in France still lingers, affecting EUR/USD stability.
???? GBP (British Pound)
Outlook:
Cautiously Bullish
Key Drivers:
Strong wage growth data and stable BOE commentary last week.
Markets are awaiting UK unemployment & CPI data mid-week.
???? JPY (Japanese Yen)
Outlook: Weak
Key Drivers:
Bank of Japan continues ultra-loose monetary policy.
Yen remains under pressure as carry trades dominate.
???? AUD (Australian Dollar)
Outlook:
Bearish
Key Drivers:
China's weak economic recovery is dragging down Aussie.
RBA (Reserve Bank of Australia) minutes due this week — traders cautious.
???? Popular Pairs to Watch
EUR/USD
Trend: Downtrend
Resistance: 1.0890
Support: 1.0810
Comment: Watch for breakout near 1.0800; sell signals favored under 1.0850.
GBP/USD
Trend: Consolidating upward
Resistance: 1.2940
Support:
1.2830
Comment:
Break above 1.2940 could open door to 1.3000.
USD/JPY
Trend:
Strong uptrend
Resistance:
162.30
Support:
160.85
Comment:
Buy on dips remains the strategy unless BOJ surprises.
AUD/USD
Trend: Bearish
Resistance: 0.6730
Support: 0.6640
Comment: Selling rallies near 0.6700 preferred.
Key Economic Events (Today & Tomorrow)
Time (GMT) Country Event Forecast
06:00
UK Rightmove House Price Index —
09:00
EU Industrial Production (MO) -0.2%
12:30
US NY Empire State Manufacturing Index -6.0
All Day Global Fed Speakers, BOE & ECB Watch High Impact Expected