Forex Report: GBP rallies towards 1.3600 amid bullish sentiment, South Africa’s GDP beats expectations, USD/JPY plunges.

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# Forex Report: GBP rallies towards 1.3600 amid bullish sentiment, South Africa’s GDP beats expectations, USD/JPY plunges.

DXY_candlestick_1m_20250909_1141 Chart

## Forex and Global News
In today’s forex market, the British pound (GBP) showed strength against the U.S. dollar (USD), pushing towards 1.3600 as bullish sentiment persisted despite overbought conditions. The Australian dollar (AUD) also advanced, reaching its highest level since late July, trading above 0.6600 ahead of important U.S. Nonfarm Payrolls revisions and inflation data. Conversely, the euro (EUR) experienced consolidation around 1.1750 after briefly touching 1.1780, as traders awaited key economic indicators.

Geopolitical tensions influenced market sentiment, particularly with Israel’s order for a full evacuation of Gaza City amid escalating conflict, drawing international scrutiny. Additionally, the political landscape in France worsened with the resignation of another prime minister, which may further impact the eurozone’s stability.

In commodities, gold (XAU/USD) continued its upward trajectory, testing levels above $3,650, supported by a bearish USD sentiment. The U.S. Dollar Index (DXY) traded at 97.41, reflecting a slight daily decline of -0.0164%. Overall, the market remains cautious ahead of critical economic releases.

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

Date Time Cur Imp Event Actual Forecast
2025-09-09 05:30 🇿🇦 Medium GDP Annualized (QoQ) (Q2) 0.8% 0.5%
2025-09-09 05:45 🇪🇺 Medium German 10-Year Bund Auction 2.250%
2025-09-09 06:00 🇪🇺 Medium Eurogroup Meetings
2025-09-09 07:30 🇪🇺 Medium German Buba President Nagel Speaks
2025-09-09 10:00 🇺🇸 Medium Payrolls Benchmark, n.s.a.
2025-09-09 12:00 🇺🇸 Medium EIA Short-Term Energy Outlook
2025-09-09 13:00 🇺🇸 Medium 3-Year Note Auction
2025-09-09 16:30 🇺🇸 Medium API Weekly Crude Oil Stock
2025-09-09 21:30 🇨🇳 Medium CPI (MoM) (Aug) 0.1%
2025-09-09 21:30 🇨🇳 Medium CPI (YoY) (Aug) -0.2%
2025-09-09 21:30 🇨🇳 Medium PPI (YoY) (Aug) -2.9%

On September 9, 2025, several economic events are poised to influence FX markets significantly.

The South African Rand (ZAR) received a boost as Q2 GDP Annualized (QoQ) was reported at 0.8%, exceeding expectations of 0.5%. This positive surprise could strengthen the ZAR against major currencies as it indicates resilience in the South African economy.

In the Eurozone, the German 10-Year Bund Auction yielded 2.250%. While no forecast was provided, market participants will be closely watching the demand for German debt, which could impact the Euro (EUR) if the auction results are perceived as weak.

The Eurogroup Meetings and remarks from German Bundesbank President Nagel, scheduled for this morning, may also provide insights into Eurozone monetary policy direction, potentially influencing the EUR.

In the U.S., the Payrolls Benchmark and EIA Short-Term Energy Outlook are set for release, with expectations around labor market dynamics and energy prices that could affect the US Dollar (USD).

Later in the day, China’s CPI and PPI figures are crucial, with CPI expected at -0.2% YoY, which may further pressure the Chinese Yuan (CNY) if deflationary trends persist.

Overall, these events will likely create volatility in the FX markets, particularly for the ZAR and EUR, while the USD and CNY are also in focus.

## 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 1.1751 -0.1360 0.7766 0.2995 0.6367 2.7413 7.9435 12.92 5.9870 1.1668 1.1533 1.1063 60.13 0.0017
USD/JPY – U.S. Dollar / Japanese Yen USDJPY 146.58 -0.5590 -0.9454 -0.3420 -0.1743 1.2034 -1.1451 -6.6333 2.8740 147.31 145.85 148.83 43.49 0.0898
GBP/USD – British Pound / U.S. Dollar GBPUSD 1.3570 0.1402 0.9554 0.1629 0.8807 0.4574 4.6722 8.1353 3.3247 1.3477 1.3461 1.3064 56.15 0.0010
USD/CHF – U.S. Dollar / Swiss Franc USDCHF 0.7937 0.0630 -1.2565 -0.8061 -1.4882 -3.4334 -9.9879 -12.1275 -5.9530 0.8018 0.8120 0.8507 34.04 -0.0014
AUD/USD – Australian Dollar / U.S. Dollar AUDUSD 0.6613 0.2273 1.0482 0.8571 1.3376 1.3145 4.5105 6.3183 -0.8665 0.6523 0.6491 0.6389 72.88 0.0015
USD/CAD – U.S. Dollar / Canadian Dollar USDCAD 1.3808 0.0580 0.1080 0.4408 0.5498 1.0221 -3.8554 -3.7757 1.8131 1.3745 1.3763 1.4024 42.40 0.0012
NZD/USD – New Zealand Dollar / U.S. Dollar NZDUSD 0.5953 0.1683 1.2224 0.7908 -0.2867 -1.7511 3.7650 5.5550 -3.5376 0.5946 0.5963 0.5835 57.10 -0.0013

EUR_USD_-_Euro___U.S._Dollar_candlestick_20250909_1141 Chart

USD_JPY_-_U.S._Dollar___Japanese_Yen_candlestick_20250909_1141 Chart

GBP_USD_-_British_Pound___U.S._Dollar_candlestick_20250909_1141 Chart

USD_CHF_-_U.S._Dollar___Swiss_Franc_candlestick_20250909_1141 Chart

AUD_USD_-_Australian_Dollar___U.S._Dollar_candlestick_20250909_1141 Chart

USD_CAD_-_U.S._Dollar___Canadian_Dollar_candlestick_20250909_1141 Chart

NZD_USD_-_New_Zealand_Dollar___U.S._Dollar_candlestick_20250909_1141 Chart

In the current forex landscape, several key pairs exhibit notable overbought and oversold conditions. The AUD/USD is approaching overbought territory with an RSI of 72.88, indicating potential for a corrective pullback, especially as the MACD remains positive. Conversely, the USD/CHF, with an RSI of 34.04 and a negative MACD, suggests it is in oversold conditions, presenting a potential buying opportunity if momentum shifts.

The EUR/USD and GBP/USD pairs show neutral RSI readings (60.13 and 56.15, respectively) with positive MACD values, indicating stable bullish momentum without immediate overbought concerns. The USD/JPY and USD/CAD are also in neutral territory, albeit closer to bearish signals given their lower RSI readings of 43.49 and 42.40, respectively.

Traders should monitor these indicators closely for potential reversals or continuations in trends, particularly in the AUD/USD and USD/CHF pairs.

## Cross FX Group

Name Symbol Price Daily (%) 5D (%) 1W (%) 1M (%) 3M (%) 6M (%) YTD (%) 12M (%) MA50 MA100 MA200 RSI MACD
EUR/GBP EURGBP 0.8657 -0.2650 -0.2029 0.1156 -0.2604 2.2488 3.1025 4.4031 2.5492 0.8657 0.8567 0.8464 55.49 0.0006
EUR/JPY EURJPY 172.21 -0.6748 -0.1959 -0.0633 0.4433 3.9702 6.6924 5.4001 9.0117 171.87 168.20 164.46 51.70 0.3540
EUR/CHF EURCHF 0.9324 -0.0536 -0.5175 -0.5334 -0.8834 -0.8170 -2.8598 -0.7980 -0.3495 0.9355 0.9361 0.9389 36.90 0.0001
EUR/AUD EURAUD 1.7770 -0.3589 -0.2576 -0.5423 -0.6813 1.4183 3.2959 6.2037 6.9200 1.7888 1.7765 1.7309 24.10 -0.0016
GBP/JPY GBPJPY 198.92 -0.3996 0.0121 -0.1706 0.7159 1.6916 3.4867 0.9756 6.3106 198.51 196.32 194.26 47.69 0.2757
GBP/CHF GBPCHF 1.0769 0.2047 -0.3203 -0.6495 -0.6275 -3.0047 -5.7888 -4.9808 -2.8288 1.0805 1.0928 1.1095 32.32 -0.0011
AUD/JPY AUDJPY 96.90 -0.3148 0.0578 0.4812 1.1345 2.5169 3.2928 -0.7406 1.9581 96.07 94.66 95.03 71.76 0.2861
AUD/NZD AUDNZD 1.1107 0.0631 -0.1842 0.0549 1.6182 3.1070 0.7118 0.7259 2.8616 1.0970 1.0885 1.0951 79.26 0.0050
CHF/JPY CHFJPY 184.69 -0.5996 0.3334 0.4786 1.3500 4.8357 9.8438 6.2671 9.3988 183.70 179.65 175.16 64.99 0.4440
NZD/JPY NZDJPY 87.23 -0.3814 0.2551 0.4306 -0.4690 -0.5711 2.5680 -1.4618 -0.7837 87.56 86.94 86.77 51.65 -0.1352

crosses_normalized_3m_20250909_1141 Chart

Current analysis of key FX pairs reveals notable overbought and oversold conditions. The AUD/NZD pair is significantly overbought, with an RSI of 79.26 and a positive MACD, indicating potential price corrections ahead. Similarly, AUD/JPY, with an RSI of 71.76, also suggests overbought territory. Conversely, EUR/CHF and GBP/CHF are oversold, with RSIs of 36.90 and 32.32, respectively, and negative MACDs, signaling potential buying opportunities. The overall market sentiment for pairs like EUR/GBP and EUR/JPY remains neutral, as their RSIs are within a balanced range. Monitoring these conditions will be crucial for informed trading decisions.

## 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 41.27 -0.0068 0.2779 0.3162 1.5176 5.3001 12.79 16.90 21.40 40.63 39.84 38.02 89.30 0.1862
USD/ZAR – U.S. Dollar / South African Rand USDZAR 17.47 -0.0418 -1.0564 -0.8455 -1.2763 -1.2254 -4.7283 -6.9150 -1.9770 17.71 17.88 18.16 39.85 -0.0362
USD/THB – U.S. Dollar / Thai Baht USDTHB 31.65 -0.0632 -1.9213 -1.9517 -1.9638 -2.9141 -6.2778 -7.2908 -6.0636 32.39 32.63 33.31 20.00 -0.1089
USD/SEK – U.S. Dollar / Swedish Krona USDSEK 9.3662 0.1476 -0.5966 -0.1503 -1.9711 -2.2781 -7.1734 -15.0368 -9.0499 9.5605 9.5843 10.11 32.70 -0.0517
USD/NOK – U.S. Dollar / Norwegian Krone USDNOK 9.9662 -0.0882 -0.6964 -0.2095 -2.3813 -1.3010 -6.2596 -12.0186 -6.9257 10.15 10.18 10.61 24.13 -0.0476
USD/DKK – U.S. Dollar / Danish Krone USDDKK 6.3555 0.1355 -0.7108 -0.2334 -0.5825 -2.5465 -7.2475 -11.3203 -5.5652 6.3966 6.4718 6.7596 40.67 -0.0088
USD/MXN – U.S. Dollar / Mexican Peso USDMXN 18.63 -0.1490 -0.4335 -0.1212 0.0943 -2.2733 -7.6777 -9.7261 -6.5932 18.69 18.98 19.67 33.55 -0.0116
USD/PLN – U.S. Dollar / Polish Zloty USDPLN 3.6217 0.3297 -0.6592 -0.4113 -0.5492 -2.5746 -5.8124 -11.8179 -6.1566 3.6458 3.6921 3.8419 47.62 -0.0038
USD/HUF – U.S. Dollar / Hungarian Forint USDHUF 334.73 0.1712 -0.7128 -0.6521 -1.4570 -4.4453 -8.6595 -15.2599 -5.7088 340.27 346.97 365.45 43.91 -1.4027
USD/CZK – U.S. Dollar / Czech Koruna USDCZK 20.71 0.1489 -1.1163 -0.6233 -1.0241 -4.2823 -9.7874 -14.2645 -8.1910 21.03 21.42 22.55 39.51 -0.0672

exotics_normalized_3m_20250909_1141 Chart

In the current analysis of key FX pairs, USD/TRY is significantly overbought with an RSI of 89.30, indicating potential for a price correction, despite a bullish MACD. Conversely, USD/ZAR, USD/THB, USD/NOK, and USD/SEK exhibit oversold conditions with RSIs below 40 and negative MACDs, suggesting potential buying opportunities as they may be undervalued. The moving averages for these pairs indicate a bearish trend, particularly for USD/NOK and USD/THB, where prices are well below their 50, 100, and 200-day MAs. Traders should exercise caution and monitor for potential reversals in these oversold pairs.