Forex Report: Euro struggles amid French instability, Swiss Consumer Climate improves, USD/JPY declines slightly.

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# Forex Report: Euro struggles amid French instability, Swiss Consumer Climate improves, USD/JPY declines slightly.

DXY_candlestick_1m_20251010_0745 Chart

## Forex and Global News
In today’s forex market, the euro (EUR) remains under pressure, with EUR/USD trading at 1.1575 after hitting a two-month low of 1.1540, influenced by ongoing political instability in France. The Japanese yen (JPY) is also facing headwinds as the EUR/JPY pair drops to around 176.70, reflecting a bearish sentiment following Komeito’s exit from Japan’s ruling coalition, which raises concerns over political stability. The British pound (GBP) is experiencing a bearish correction, falling below the 203.00 level against the yen, aiming for support at 202.40.

In commodities, gold (XAU/USD) continues to struggle below the $4,000 mark, maintaining a negative bias despite attempts to rebound from recent lows, as geopolitical risks and Federal Reserve policy expectations loom large.

Overall, market sentiment is cautious amid these geopolitical developments and political upheavals, impacting major currencies and commodities. The U.S. Dollar Index (DXY) is trading at 99.33, reflecting a daily change of 0.0272%.

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

Date Time Cur Imp Event Actual Forecast
2025-10-10 03:00 🇨🇭 Medium SECO Consumer Climate -37 -38
2025-10-10 08:30 🇨🇦 Medium Employment Change (Sep) 2.8K
2025-10-10 08:30 🇨🇦 Medium Unemployment Rate (Sep) 7.2%
2025-10-10 10:00 🇺🇸 Medium Michigan 1-Year Inflation Expectations (Oct)
2025-10-10 10:00 🇺🇸 Medium Michigan 5-Year Inflation Expectations (Oct)
2025-10-10 10:00 🇺🇸 Medium Michigan Consumer Expectations (Oct) 51.7
2025-10-10 10:00 🇺🇸 Medium Michigan Consumer Sentiment (Oct) 54.1
2025-10-10 12:01 🇷🇺 Medium CPI (MoM) (Sep)
2025-10-10 12:01 🇷🇺 Medium CPI (YoY) (Sep)
2025-10-10 13:00 🇺🇸 Medium U.S. Baker Hughes Oil Rig Count
2025-10-10 13:00 🇺🇸 Medium U.S. Baker Hughes Total Rig Count
2025-10-10 14:00 🇺🇸 Medium Federal Budget Balance (Sep) 50.0B

On October 10, 2025, several key economic events are poised to impact foreign exchange (FX) markets.

At 03:00 ET, the SECO Consumer Climate for Switzerland reported at -37, slightly better than the forecast of -38. This may provide a modest boost to the Swiss Franc (CHF) as it suggests a less pessimistic outlook among consumers.

At 08:30 ET, Canada will release its Employment Change and Unemployment Rate for September, with expectations set at a gain of 2.8K jobs and an unemployment rate of 7.2%. Any significant deviation from these forecasts could lead to volatility in the Canadian Dollar (CAD).

The U.S. data at 10:00 ET, including Michigan Consumer Sentiment expected at 54.1 and Consumer Expectations at 51.7, will be closely watched. Stronger-than-expected sentiment could support the U.S. Dollar (USD), while weak figures could raise concerns about economic growth.

Lastly, the Federal Budget Balance for September is anticipated at a surplus of $50 billion, which could further influence USD dynamics. Overall, the day’s events suggest a cautious trading environment, with potential for significant currency movements depending on the data releases.

## 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 1.1577 0.0865 -1.2632 -1.2632 -1.0745 -1.0745 2.8350 11.25 5.7906 1.1692 1.1636 1.1207 32.64 -0.0017
USD/JPY – U.S. Dollar / Japanese Yen USDJPY 152.83 -0.1274 3.8593 3.8593 3.6888 4.4713 6.3180 -2.6536 2.4598 148.04 146.81 148.26 71.03 1.0690
GBP/USD – British Pound / U.S. Dollar GBPUSD 1.3292 -0.0602 -1.1501 -1.1501 -1.6944 -2.1177 2.3085 5.9200 1.7117 1.3473 1.3500 1.3161 37.32 -0.0031
USD/CHF – U.S. Dollar / Swiss Franc USDCHF 0.8056 -0.0868 1.0765 1.0765 1.0410 1.1146 -1.8471 -10.8100 -6.3767 0.8008 0.8044 0.8403 64.58 -0.0003
AUD/USD – Australian Dollar / U.S. Dollar AUDUSD 0.6556 -0.0610 -0.6379 -0.6379 -0.4359 -0.5763 5.3444 5.4019 -2.4027 0.6554 0.6535 0.6418 43.84 0.0004
USD/CAD – U.S. Dollar / Canadian Dollar USDCAD 1.4021 0.0143 0.4305 0.4305 1.2595 2.6706 0.5018 -2.2913 2.2736 1.3831 1.3761 1.3985 80.15 0.0043
NZD/USD – New Zealand Dollar / U.S. Dollar NZDUSD 0.5750 0.0174 -1.1943 -1.1943 -2.9700 -4.8283 0.0368 1.9555 -5.2860 0.5882 0.5946 0.5846 32.89 -0.0032

EUR_USD_-_Euro___U.S._Dollar_candlestick_20251010_0745 Chart

USD_JPY_-_U.S._Dollar___Japanese_Yen_candlestick_20251010_0745 Chart

GBP_USD_-_British_Pound___U.S._Dollar_candlestick_20251010_0745 Chart

USD_CHF_-_U.S._Dollar___Swiss_Franc_candlestick_20251010_0745 Chart

AUD_USD_-_Australian_Dollar___U.S._Dollar_candlestick_20251010_0745 Chart

USD_CAD_-_U.S._Dollar___Canadian_Dollar_candlestick_20251010_0745 Chart

NZD_USD_-_New_Zealand_Dollar___U.S._Dollar_candlestick_20251010_0745 Chart

Analyzing the current technical indicators for key FX pairs reveals distinct overbought and oversold conditions.

The USD/JPY is nearing overbought territory with an RSI of 71.03 and a positive MACD of 1.0690, indicating strong bullish momentum. This suggests potential for a price correction if buying pressure wanes. Conversely, the USD/CAD is significantly overbought at an RSI of 80.15, accompanied by a positive MACD, signaling an imminent pullback as the market may be saturated with buyers.

On the other hand, the EUR/USD and NZD/USD exhibit oversold conditions with RSIs of 32.64 and 32.89, respectively, and negative MACDs, indicating bearish momentum. These pairs may present buying opportunities as they approach potential reversal points. GBP/USD and AUD/USD remain in neutral territory, with RSIs of 37.32 and 43.84, suggesting a lack of decisive movement. Overall, traders should closely

## Cross FX Group

Name Symbol Price Daily (%) 5D (%) 1W (%) 1M (%) 3M (%) 6M (%) YTD (%) 12M (%) MA50 MA100 MA200 RSI MACD
EUR/GBP EURGBP 0.8708 0.1610 -0.1296 -0.1296 0.6124 1.0619 0.5044 5.0181 4.0084 0.8678 0.8619 0.8512 47.52 0.0007
EUR/JPY EURJPY 176.91 -0.0390 2.5393 2.5393 2.5678 3.3552 9.3232 8.2773 8.4001 172.99 170.67 165.94 67.21 0.9078
EUR/CHF EURCHF 0.9324 0.0107 -0.2247 -0.2247 -0.0857 0.0172 0.9102 -0.7980 -0.9665 0.9360 0.9356 0.9389 41.11 -0.0009
EUR/AUD EURAUD 1.7661 0.1474 -0.6173 -0.6173 -0.6173 -0.4711 -2.3612 5.5522 8.4328 1.7843 1.7805 1.7448 34.83 -0.0033
GBP/JPY GBPJPY 203.14 -0.1892 2.6680 2.6680 1.9334 2.2685 8.7817 3.1168 4.2219 199.35 198.07 194.94 67.12 0.8835
GBP/CHF GBPCHF 1.0707 -0.1585 -0.0914 -0.0914 -0.6588 -1.0270 0.4230 -5.5279 -4.7750 1.0785 1.0855 1.1034 47.93 -0.0019
AUD/JPY AUDJPY 100.15 -0.1854 3.1729 3.1729 3.2005 3.8404 11.97 2.5916 -0.0339 97.01 95.92 95.12 72.84 0.7623
AUD/NZD AUDNZD 1.1400 -0.0701 0.5560 0.5560 2.6075 4.4606 5.2965 3.3831 3.0346 1.1133 1.0985 1.0977 71.84 0.0069
CHF/JPY CHFJPY 189.73 -0.0348 2.7809 2.7809 2.6594 3.3464 8.3592 9.1671 9.4618 184.89 182.56 176.81 67.47 1.2380
NZD/JPY NZDJPY 87.85 -0.1171 2.6071 2.6071 0.5897 -0.5828 6.3459 -0.7659 -2.9744 87.06 87.22 86.62 62.97 0.0834

crosses_normalized_3m_20251010_0745 Chart

In the current analysis of key FX pairs, the AUD/JPY and AUD/NZD are exhibiting overbought conditions with RSI values above 70, indicating potential reversals. The MACD for both pairs remains positive, suggesting underlying bullish momentum. Conversely, EUR/CHF and EUR/AUD are in oversold territory with RSI readings below 30, compounded by negative MACD values, which may indicate further downside potential. The GBP/JPY and EUR/JPY are approaching overbought levels, yet their MACD remains bullish, indicating a continuation of upward momentum. Traders should closely monitor these dynamics for potential trading opportunities and reversals in the coming sessions.

## 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 41.82 -0.0038 0.4289 0.4289 1.3648 4.1368 9.9507 18.45 22.08 41.19 40.49 38.77 95.80 0.1702
USD/ZAR – U.S. Dollar / South African Rand USDZAR 17.27 0.3534 -0.0284 -0.0284 -1.5308 -2.5715 -11.3981 -7.9910 -2.1236 17.52 17.66 18.07 39.40 -0.0949
USD/THB – U.S. Dollar / Thai Baht USDTHB 32.71 -0.0611 0.8323 0.8323 2.9912 0.3682 -3.2821 -4.1858 -2.4165 32.23 32.38 33.08 79.86 0.1246
USD/SEK – U.S. Dollar / Swedish Krona USDSEK 9.5264 -0.0797 1.4150 1.4150 1.5174 0.3035 -3.0427 -13.5836 -8.3280 9.4658 9.5162 9.9347 58.94 -0.0092
USD/NOK – U.S. Dollar / Norwegian Krone USDNOK 10.09 0.1629 1.1158 1.1158 1.1056 0.1241 -6.3844 -10.9575 -6.3846 10.05 10.08 10.47 58.96 -0.0147
USD/DKK – U.S. Dollar / Danish Krone USDDKK 6.4508 -0.0867 1.3050 1.3050 1.1281 1.1711 -2.7321 -9.9905 -5.3652 6.3841 6.4143 6.6727 68.02 0.0101
USD/MXN – U.S. Dollar / Mexican Peso USDMXN 18.40 0.0892 -0.0668 -0.0668 -1.2017 -1.0836 -10.6570 -10.8205 -5.4848 18.57 18.74 19.47 48.02 -0.0586
USD/PLN – U.S. Dollar / Polish Zloty USDPLN 3.6770 -0.0652 1.2845 1.2845 1.2524 1.2732 -2.7643 -10.4715 -6.3392 3.6415 3.6588 3.7906 62.95 0.0020
USD/HUF – U.S. Dollar / Hungarian Forint USDHUF 337.41 -0.1465 1.7358 1.7358 0.5127 -0.9395 -6.1593 -14.5815 -7.4118 336.40 341.32 358.82 63.99 -0.5077
USD/CZK – U.S. Dollar / Czech Koruna USDCZK 21.01 -0.2725 1.5659 1.5659 1.0097 -0.1008 -5.6032 -13.0359 -9.2139 20.87 21.11 22.19 64.97 -0.0089

exotics_normalized_3m_20251010_0745 Chart

In the current forex landscape, USD/TRY is significantly overbought with an RSI of 95.80, indicating potential for a correction, despite a bullish MACD of 0.1702. Conversely, USD/ZAR shows oversold conditions with an RSI of 39.40 and a bearish MACD at -0.0949, suggesting possible upward momentum. USD/THB, with an RSI of 79.86, is also overbought, though its MACD remains positive, indicating strong bullish sentiment. Other pairs like USD/DKK and USD/PLN are nearing neutral territory, while USD/NOK and USD/SEK show bearish tendencies. Traders should monitor these indicators closely for potential reversals or trend continuations