Forex Report: Cautious sentiment ahead of U.S. jobless claims, German consumer climate in focus, USD/CHF surges.

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# Forex Report: Cautious sentiment ahead of U.S. jobless claims, German consumer climate in focus, USD/CHF surges.

DXY_candlestick_1m_20250925_0748 Chart

## Forex and Global News
In today’s forex and global news, the market sentiment remains cautious as investors await key economic data from the U.S., particularly the weekly jobless claims which could influence the Federal Reserve’s monetary policy. The EUR/USD pair has stabilized around 1.1750 after a bearish trend, erasing earlier weekly gains due to mounting pressure. Meanwhile, the DXY is slightly up at 97.81, reflecting a daily change of 0.0604%.

In commodities, gold prices are struggling to regain momentum after a correction from record highs of $3,791, as traders look for direction from upcoming U.S. data and Fed commentary. The geopolitical landscape also remains tense, with China urging its companies to avoid aggressive pricing strategies in the U.S. market, potentially impacting trade relations.

Additionally, the UK banking sector is pressing for policy stability ahead of a critical budget, indicating growing impatience for reforms. Overall, the forex market is navigating through a mix of economic indicators and geopolitical developments, contributing to a cautious atmosphere among traders.

## Economic Calendar Events Today
All times are in US Eastern Time (New York).

Date Time Cur Imp Event Actual Forecast
2025-09-25 02:00 🇪🇺 Medium GfK German Consumer Climate (Oct) -22.3 -23.3
2025-09-25 03:30 🇨🇭 High SNB Interest Rate Decision (Q3) 0.00% 0.00%
2025-09-25 03:30 🇨🇭 Medium SNB Monetary Policy Assessment
2025-09-25 04:00 🇨🇭 Medium SNB Press Conference
2025-09-25 04:00 🇪🇺 Medium ECB Economic Bulletin
2025-09-25 08:30 🇺🇸 Medium Continuing Jobless Claims 1,930K
2025-09-25 08:30 🇺🇸 Medium Core Durable Goods Orders (MoM) (Aug) -0.1%
2025-09-25 08:30 🇺🇸 Medium Core PCE Prices (Q2) 2.50%
2025-09-25 08:30 🇺🇸 High Durable Goods Orders (MoM) (Aug) -0.3%
2025-09-25 08:30 🇺🇸 High GDP (QoQ) (Q2) 3.3%
2025-09-25 08:30 🇺🇸 Medium GDP Price Index (QoQ) (Q2) 2.0%
2025-09-25 08:30 🇺🇸 Medium Goods Trade Balance (Aug) -95.70B
2025-09-25 08:30 🇺🇸 High Initial Jobless Claims 233K
2025-09-25 08:30 🇺🇸 Medium Retail Inventories Ex Auto (Aug)
2025-09-25 09:00 🇺🇸 Medium FOMC Member Williams Speaks
2025-09-25 10:00 🇺🇸 Medium Existing Home Sales (MoM) (Aug)
2025-09-25 10:00 🇺🇸 High Existing Home Sales (Aug) 3.96M
2025-09-25 10:00 🇺🇸 Medium FOMC Member Bowman Speaks
2025-09-25 13:00 🇺🇸 Medium 7-Year Note Auction
2025-09-25 13:00 🇺🇸 Medium Fed Vice Chair for Supervision Barr Speaks
2025-09-25 15:30 🇺🇸 Medium FOMC Member Daly Speaks
2025-09-25 16:30 🇺🇸 Medium Fed’s Balance Sheet
2025-09-25 19:30 🇯🇵 Medium Tokyo Core CPI (YoY) (Sep) 2.8%

On September 25, 2025, key economic events are set to impact FX markets, particularly focusing on the Euro (EUR), Swiss Franc (CHF), and US Dollar (USD).

The GfK German Consumer Climate index for October showed an actual reading of -22.3, surpassing expectations of -23.3. This unexpected improvement may lend support to the EUR, suggesting a slight uptick in consumer confidence amid ongoing economic challenges.

In Switzerland, the Swiss National Bank (SNB) is expected to maintain its interest rate at 0.00% during the Q3 decision, with no surprises anticipated. The subsequent monetary policy assessment and press conference may provide additional insights into the SNB’s outlook, potentially impacting the CHF if any shifts in tone regarding inflation or economic growth are noted.

For the USD, a series of critical economic indicators will be released at 08:30 AM ET, including Core Durable Goods Orders and GDP data, with forecasts suggesting slight contractions. Any deviations from these expectations could lead to volatility in the USD. Notably, FOMC members are scheduled to speak throughout the day, which may further influence market sentiment surrounding US monetary policy.

Overall, the EUR may strengthen slightly against the USD, while the CHF remains stable ahead of the SNB’s announcements.

## Major FX Group

Name Symbol Price Daily (%) 5D (%) 1W (%) 1M (%) 3M (%) 6M (%) YTD (%) 12M (%) MA50 MA100 MA200 RSI MACD
EUR/USD – Euro / U.S. Dollar EURUSD 1.1740 -0.0681 -0.4331 -0.7301 1.0462 0.4087 8.6936 12.82 4.9039 1.1680 1.1584 1.1137 56.38 0.0034
USD/JPY – U.S. Dollar / Japanese Yen USDJPY 148.74 -0.0430 0.5326 1.2553 0.6176 2.7928 -1.4001 -5.2613 4.0374 147.66 146.30 148.65 46.64 0.0319
GBP/USD – British Pound / U.S. Dollar GBPUSD 1.3447 -0.0372 -0.8042 -1.3407 -0.0484 -2.0238 3.8216 7.1551 0.1465 1.3472 1.3489 1.3114 50.20 0.0009
USD/CHF – U.S. Dollar / Swiss Franc USDCHF 0.7958 0.1384 0.4151 0.9463 -1.2863 -0.6355 -9.7118 -11.8950 -5.4319 0.8013 0.8081 0.8453 41.04 -0.0029
AUD/USD – Australian Dollar / U.S. Dollar AUDUSD 0.6591 0.0455 -0.4065 -0.9245 1.6957 0.6828 4.5926 5.9646 -4.5530 0.6541 0.6517 0.6400 59.66 0.0024
USD/CAD – U.S. Dollar / Canadian Dollar USDCAD 1.3899 0.0216 0.7773 0.9376 0.2865 1.8757 -2.8551 -3.1415 3.5616 1.3779 1.3760 1.4008 55.78 0.0006
NZD/USD – New Zealand Dollar / U.S. Dollar NZDUSD 0.5820 0.0516 -1.2102 -1.9243 -0.4989 -3.9444 1.4572 3.1967 -8.3781 0.5920 0.5958 0.5839 46.39 -0.0014

EUR_USD_-_Euro___U.S._Dollar_candlestick_20250925_0748 Chart

USD_JPY_-_U.S._Dollar___Japanese_Yen_candlestick_20250925_0748 Chart

GBP_USD_-_British_Pound___U.S._Dollar_candlestick_20250925_0748 Chart

USD_CHF_-_U.S._Dollar___Swiss_Franc_candlestick_20250925_0748 Chart

AUD_USD_-_Australian_Dollar___U.S._Dollar_candlestick_20250925_0748 Chart

USD_CAD_-_U.S._Dollar___Canadian_Dollar_candlestick_20250925_0748 Chart

NZD_USD_-_New_Zealand_Dollar___U.S._Dollar_candlestick_20250925_0748 Chart

The current analysis of key FX pairs reveals a generally neutral market sentiment, with no pairs exhibiting extreme overbought or oversold conditions. The EUR/USD pair shows an RSI of 56.38 and a positive MACD, indicating a stable bullish momentum without nearing overbought territory. Similarly, the USD/JPY and GBP/USD pairs maintain RSI levels of 46.64 and 50.20, respectively, reflecting a balanced market.

Conversely, the USD/CHF pair is notably bearish with an RSI of 41.04 and a negative MACD, suggesting potential weakness. In contrast, the AUD/USD and USD/CAD pairs exhibit moderate bullishness with RSIs of 59.66 and 55.78, respectively, but remain below the overbought threshold.

Overall, while some pairs are leaning towards bullishness, none are currently in overbought or oversold conditions, indicating a potential for sideways movement or consolidation in the near term. Traders should remain vigilant for

## Cross FX Group

Name Symbol Price Daily (%) 5D (%) 1W (%) 1M (%) 3M (%) 6M (%) YTD (%) 12M (%) MA50 MA100 MA200 RSI MACD
EUR/GBP EURGBP 0.8727 -0.0458 0.3507 0.5855 1.0924 2.4536 4.6528 5.2473 4.7106 0.8668 0.8585 0.8486 65.73 0.0017
EUR/JPY EURJPY 174.57 -0.1133 0.0768 0.4939 1.6816 3.1976 7.1549 6.8427 9.1126 172.42 169.42 165.27 65.56 0.6099
EUR/CHF EURCHF 0.9341 0.0857 -0.0161 0.2017 -0.2414 -0.2350 -1.8916 -0.6171 -0.8134 0.9357 0.9358 0.9391 42.51 -0.0007
EUR/AUD EURAUD 1.7811 -0.1178 -0.0123 0.2014 -0.6027 -0.2626 3.9178 6.4487 9.9085 1.7857 1.7773 1.7386 56.84 -0.0016
GBP/JPY GBPJPY 200.03 -0.0615 -0.2608 -0.0879 0.5848 0.7348 2.3874 1.5361 4.2041 198.90 197.31 194.71 55.90 0.3085
GBP/CHF GBPCHF 1.0703 0.1403 -0.3649 -0.3825 -1.3166 -2.6159 -6.2497 -5.5632 -5.2723 1.0794 1.0901 1.1069 34.13 -0.0029
AUD/JPY AUDJPY 98.00 0.0112 0.1011 0.2968 2.3006 3.4780 3.1154 0.3913 -0.7223 96.55 95.31 95.07 58.04 0.4261
AUD/NZD AUDNZD 1.1324 0.0265 0.8909 1.0142 2.1994 4.9004 3.0945 2.6939 4.1703 1.1040 1.0932 1.0961 73.83 0.0061
CHF/JPY CHFJPY 186.88 -0.1891 0.1079 0.3114 1.9393 3.4600 9.2233 7.5284 10.02 184.24 181.01 175.99 68.35 0.7873
NZD/JPY NZDJPY 86.53 -0.0046 -0.6954 -0.7023 0.1041 -1.2507 0.0289 -2.2480 -4.7003 87.43 87.16 86.72 42.20 -0.1003

crosses_normalized_3m_20250925_0748 Chart

Currently, the AUD/NZD pair stands out with an RSI of 73.83, indicating an overbought condition that may prompt a corrective pullback. In contrast, the GBP/CHF pair shows an oversold condition with an RSI of 34.13 and a bearish MACD, suggesting potential for a rebound. The EUR/CHF is also in oversold territory (RSI 42.51), with a negative MACD, indicating weakness. Other pairs like EUR/GBP and EUR/JPY remain in neutral territory, with RSIs around 65, suggesting a continuation of current trends. Traders should monitor these indicators closely for potential entry and exit points.

## Exotics and Emerging

Name Symbol Price Daily (%) 5D (%) 1W (%) 1M (%) 3M (%) 6M (%) YTD (%) 12M (%) MA50 MA100 MA200 RSI MACD
USD/TRY – U.S. Dollar / Turkish Lira USDTRY 41.47 0.0379 0.1715 0.4046 1.1333 4.0495 9.1174 17.46 21.56 40.94 40.18 38.41 77.37 0.1493
USD/ZAR – U.S. Dollar / South African Rand USDZAR 17.35 0.1484 0.0460 -0.1565 -1.5023 -2.8683 -4.7077 -7.5492 0.6895 17.63 17.75 18.13 25.70 -0.1036
USD/THB – U.S. Dollar / Thai Baht USDTHB 32.16 0.4059 0.8467 1.1957 -0.9852 -1.1374 -4.8802 -5.7969 -1.2376 32.23 32.46 33.18 46.89 -0.1142
USD/SEK – U.S. Dollar / Swedish Krona USDSEK 9.3999 0.0980 0.6013 1.2524 -1.9707 -1.1369 -5.8933 -14.7311 -6.7427 9.5115 9.5492 10.02 43.08 -0.0531
USD/NOK – U.S. Dollar / Norwegian Krone USDNOK 9.9374 0.0393 0.6943 1.3148 -1.9023 -1.1842 -5.2051 -12.2728 -4.3611 10.10 10.12 10.54 36.53 -0.0702
USD/DKK – U.S. Dollar / Danish Krone USDDKK 6.3591 0.0740 0.4481 0.7448 -1.0399 -0.3416 -7.9432 -11.2700 -4.5662 6.3918 6.4455 6.7189 36.46 -0.0210
USD/MXN – U.S. Dollar / Mexican Peso USDMXN 18.42 0.0570 0.3229 0.6320 -1.3902 -2.4118 -9.1633 -10.7051 -4.5820 18.63 18.85 19.57 23.06 -0.0956
USD/PLN – U.S. Dollar / Polish Zloty USDPLN 3.6334 0.0523 0.5518 1.0114 -0.8509 0.1905 -6.1907 -11.5330 -4.3356 3.6442 3.6745 3.8151 40.26 -0.0117
USD/HUF – U.S. Dollar / Hungarian Forint USDHUF 333.90 0.2652 1.3317 1.3283 -2.3493 -2.3122 -10.1352 -15.4708 -5.2086 338.30 344.17 362.16 31.82 -2.6367
USD/CZK – U.S. Dollar / Czech Koruna USDCZK 20.69 0.0430 0.4515 0.6739 -2.0641 -2.1331 -10.3629 -14.3440 -7.5829 20.95 21.27 22.37 31.99 -0.1253

exotics_normalized_3m_20250925_0748 Chart

In the current analysis of key FX pairs, USD/TRY is significantly overbought with an RSI of 77.37, alongside a bullish MACD and MA50 above both MA100 and MA200, indicating potential for a corrective pullback. Conversely, USD/ZAR is oversold with an RSI of 25.70 and a bearish MACD, suggesting a potential reversal or recovery opportunity. Other pairs, such as USD/MXN and USD/HUF, also display oversold conditions with RSIs below 30, warranting caution. Overall, traders should closely monitor these indicators to identify potential entry and exit points amidst prevailing market conditions.