## Forex and Global News
In today’s forex and global news, Japan’s long-term bond yields surged to multi-decade highs, with the 30-year bond yield reaching 3.286% and the 20-year yield at 2.695%. This spike reflects rising inflation concerns and could influence the yen’s performance as investors reassess interest rate expectations.
Geopolitical tensions were highlighted by Chinese President Xi Jinping’s remarks about the world facing “peace or war,” coinciding with a military parade in Beijing attended by leaders, including Russia’s Putin and North Korea’s Kim. This backdrop of escalating tensions may weigh on risk sentiment, impacting the USD and JPY.
In Europe, markets opened positively, recovering from previous declines as traders monitored bond yields. This sentiment could support the euro against the dollar, especially as the DXY remains under pressure at 98.44, down 0.0640%.
Overall, the forex market is reacting to a blend of rising bond yields, geopolitical uncertainty, and shifting investor sentiment, particularly affecting major currencies like the EUR, USD, and JPY.
## Economic Calendar Events Today
All times are in US Eastern Time (New York).
| Date | Time | Cur | Imp | Event | Actual | Forecast |
|---|---|---|---|---|---|---|
| 2025-09-03 | 02:00 | 🇷🇺 | Medium | S&P Global Services PMI (Aug) | 50.0 | |
| 2025-09-03 | 03:15 | 🇪🇺 | Medium | HCOB Spain Services PMI (Aug) | 53.2 | 54.4 |
| 2025-09-03 | 03:30 | 🇬🇧 | Medium | BoE MPC Member Mann Speaks | ||
| 2025-09-03 | 03:30 | 🇪🇺 | Medium | ECB President Lagarde Speaks | ||
| 2025-09-03 | 03:45 | 🇪🇺 | Medium | HCOB Italy Services PMI (Aug) | 52.1 | |
| 2025-09-03 | 03:50 | 🇪🇺 | Medium | HCOB France Services PMI (Aug) | 49.7 | |
| 2025-09-03 | 03:55 | 🇪🇺 | Medium | HCOB Germany Services PMI (Aug) | 50.1 | |
| 2025-09-03 | 04:00 | 🇪🇺 | Medium | HCOB Eurozone Composite PMI (Aug) | 51.1 | |
| 2025-09-03 | 04:00 | 🇪🇺 | Medium | HCOB Eurozone Services PMI (Aug) | 50.7 | |
| 2025-09-03 | 04:30 | 🇬🇧 | Medium | S&P Global Composite PMI (Aug) | 53.0 | |
| 2025-09-03 | 04:30 | 🇬🇧 | Medium | S&P Global Services PMI (Aug) | 53.6 | |
| 2025-09-03 | 05:30 | 🇪🇺 | Medium | German 10-Year Bund Auction | ||
| 2025-09-03 | 05:30 | 🇿🇦 | Medium | GDP Annualized (QoQ) (Q2) | ||
| 2025-09-03 | 08:00 | 🇧🇷 | Medium | Industrial Production (YoY) (Jul) | 0.3% | |
| 2025-09-03 | 08:30 | 🇨🇦 | Medium | Labor Productivity (QoQ) (Q2) | -0.2% | |
| 2025-09-03 | 09:15 | 🇬🇧 | Medium | BoE MPC Treasury Committee Hearings | ||
| 2025-09-03 | 10:00 | 🇺🇸 | Medium | Factory Orders (MoM) (Jul) | -1.3% | |
| 2025-09-03 | 10:00 | 🇺🇸 | High | JOLTS Job Openings (Jul) | 7.380M | |
| 2025-09-03 | 13:30 | 🇺🇸 | Medium | FOMC Member Kashkari Speaks | ||
| 2025-09-03 | 14:00 | 🇺🇸 | Medium | Beige Book | ||
| 2025-09-03 | 16:30 | 🇺🇸 | Medium | API Weekly Crude Oil Stock | ||
| 2025-09-03 | 21:30 | 🇦🇺 | Medium | Trade Balance | 4.880B |
On September 3, 2025, several economic events are poised to influence FX markets, particularly concerning the Euro (EUR) and British Pound (GBP).
The S&P Global Services PMI for Russia (RUB) reported an unchanged figure of 50.0, indicating stable service sector activity, though lacking any growth momentum. In the Eurozone, the HCOB Services PMIs from Spain, Italy, France, and Germany are under scrutiny. Spain’s PMI came in at 53.2, below the forecast of 54.4, signaling potential weakness in the services sector. The composite PMI for the Eurozone is expected to show modest growth at 51.1, with services PMI at 50.7, suggesting stagnation.
The GBP is also in focus with the S&P Global Services PMI expected at 53.6. Any deviation from this forecast could impact GBP volatility. Additionally, speeches from BoE member Mann and ECB President Lagarde may provide insights into future monetary policy, influencing EUR and GBP sentiment.
In the U.S., factory orders are projected to decline by 1.3%, which could strengthen the USD if actual figures exceed expectations. The JOLTS job openings data will also be closely watched for signs of labor market strength. Overall, these events suggest potential volatility, especially for the EUR and GBP, amid mixed signals from the services sector across Europe.
## 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 | 1.1633 | -0.0687 | -0.4157 | -0.0551 | 0.3998 | 1.8469 | 7.8333 | 11.79 | 5.1100 | 1.1670 | 1.1520 | 1.1039 | 43.33 | 0.0010 |
| USD/JPY – U.S. Dollar / Japanese Yen | USDJPY | 148.79 | 0.2000 | 1.3652 | 0.9033 | 0.9848 | 4.2471 | 0.4632 | -5.2237 | 1.4122 | 146.97 | 145.58 | 148.97 | 45.24 | -0.0105 |
| GBP/USD – British Pound / U.S. Dollar | GBPUSD | 1.3365 | -0.1718 | -1.0816 | -0.8437 | 0.5649 | -1.3810 | 3.7228 | 6.5017 | 1.6970 | 1.3495 | 1.3452 | 1.3046 | 33.29 | 0.0005 |
| USD/CHF – U.S. Dollar / Swiss Franc | USDCHF | 0.8057 | 0.0994 | 0.5127 | 0.2414 | 0.2102 | -1.5001 | -8.7873 | -10.7989 | -5.3643 | 0.8017 | 0.8127 | 0.8529 | 40.34 | -0.0008 |
| AUD/USD – Australian Dollar / U.S. Dollar | AUDUSD | 0.6517 | -0.0613 | -0.2357 | 0.3263 | 0.7404 | 0.4055 | 2.9171 | 4.7749 | -3.9824 | 0.6522 | 0.6484 | 0.6387 | 44.80 | 0.0004 |
| USD/CAD – U.S. Dollar / Canadian Dollar | USDCAD | 1.3796 | 0.0871 | 0.3360 | -0.2704 | 0.1285 | 0.8546 | -3.4644 | -3.8593 | 2.2130 | 1.3731 | 1.3767 | 1.4029 | 47.38 | 0.0010 |
| NZD/USD – New Zealand Dollar / U.S. Dollar | NZDUSD | 0.5854 | -0.2046 | -0.5282 | -0.0752 | -1.0176 | -2.8769 | 2.0463 | 3.7996 | -6.0427 | 0.5959 | 0.5964 | 0.5834 | 31.50 | -0.0024 |
In the current forex landscape, several key pairs exhibit notable overbought and oversold conditions. The GBP/USD and NZD/USD are particularly concerning, with RSIs of 33.29 and 31.50, respectively, indicating they are nearing oversold territory. The negative MACD readings for both pairs further suggest bearish momentum, warranting caution for potential short positions.
Conversely, the EUR/USD, USD/JPY, and AUD/USD maintain neutral RSI levels, suggesting a lack of significant momentum in either direction. However, the USD/JPY’s negative MACD indicates potential bearish pressure, while the other pairs display a mixed outlook with MACD values close to zero.
The MA crossovers for these pairs show that the EUR/USD and AUD/USD are trading above their longer-term MAs, indicating a bullish bias, although the momentum is weak. Traders should closely monitor these pairs for potential reversals or continuation patterns, particularly in light of the prevailing market sentiment.
## Cross FX Group
| Name | Symbol | Price | Daily (%) | 5D (%) | 1W (%) | 1M (%) | 3M (%) | 6M (%) | YTD (%) | 12M (%) | MA50 | MA100 | MA200 | RSI | MACD |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| EUR/GBP | EURGBP | 0.8705 | 0.1496 | 0.6894 | 0.8107 | -0.1445 | 3.2891 | 3.9875 | 4.9820 | 3.3737 | 0.8644 | 0.8563 | 0.8455 | 50.05 | -0.0001 |
| EUR/JPY | EURJPY | 173.02 | 0.1233 | 0.9028 | 0.8169 | 1.3561 | 6.1342 | 8.3006 | 5.8965 | 6.5565 | 171.49 | 167.67 | 164.16 | 47.55 | 0.1876 |
| EUR/CHF | EURCHF | 0.9367 | 0.0000 | 0.0417 | 0.1336 | 0.5539 | 0.2612 | -1.6918 | -0.3405 | -0.5858 | 0.9354 | 0.9357 | 0.9387 | 42.51 | 0.0001 |
| EUR/AUD | EURAUD | 1.7850 | -0.0056 | -0.1728 | -0.3745 | -0.3306 | 1.4349 | 4.7886 | 6.6818 | 9.4662 | 1.7895 | 1.7769 | 1.7267 | 48.51 | 0.0010 |
| GBP/JPY | GBPJPY | 198.76 | -0.0121 | 0.2183 | 0.0186 | 1.5123 | 2.7598 | 4.1540 | 0.8924 | 3.0951 | 198.38 | 195.78 | 194.11 | 47.42 | 0.2304 |
| GBP/CHF | GBPCHF | 1.0761 | -0.1299 | -0.6325 | -0.6610 | 0.7150 | -2.9194 | -5.4485 | -5.0514 | -3.8131 | 1.0821 | 1.0928 | 1.1104 | 42.07 | 0.0002 |
| AUD/JPY | AUDJPY | 96.92 | 0.1436 | 1.0805 | 1.1945 | 1.6882 | 4.6415 | 3.3549 | -0.7201 | -2.6673 | 95.83 | 94.34 | 95.10 | 49.51 | 0.0548 |
| AUD/NZD | AUDNZD | 1.1133 | 0.1710 | 0.3011 | 0.4158 | 1.7818 | 3.3926 | 0.8653 | 0.9617 | 2.2032 | 1.0936 | 1.0866 | 1.0950 | 76.20 | 0.0049 |
| CHF/JPY | CHFJPY | 184.69 | 0.1241 | 0.8739 | 0.6757 | 0.7960 | 5.8668 | 10.16 | 6.2688 | 7.1841 | 183.31 | 179.16 | 174.87 | 56.13 | 0.1746 |
| NZD/JPY | NZDJPY | 87.03 | -0.0287 | 0.7699 | 0.7746 | -0.0976 | 1.1906 | 2.4629 | -1.6832 | -4.7778 | 87.60 | 86.80 | 86.84 | 36.16 | -0.3391 |
Currently, the AUD/NZD pair stands out with an RSI of 76.20, indicating overbought conditions, while the MACD is positive, suggesting bullish momentum. In contrast, the NZD/JPY exhibits oversold conditions with an RSI of 36.16 and a negative MACD, signaling potential bearish pressure. Other pairs, such as EUR/CHF and GBP/CHF, also display oversold conditions with RSIs below 43, coupled with weak MACD values, indicating a lack of upward momentum. The remaining pairs, including EUR/GBP and GBP/JPY, show neutral conditions, with RSIs around 50 and MACDs near zero, suggesting a consolidation phase rather than clear directional bias.
## 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 | 41.16 | 0.0160 | 0.0586 | 0.3097 | 1.1967 | 4.8395 | 12.82 | 16.60 | 21.38 | 40.49 | 39.68 | 37.85 | 85.85 | 0.1900 |
| USD/ZAR – U.S. Dollar / South African Rand | USDZAR | 17.73 | 0.3044 | 0.2779 | 0.6218 | -1.5662 | -0.4404 | -2.1711 | -5.5151 | -0.3647 | 17.72 | 17.94 | 18.17 | 52.64 | -0.0383 |
| USD/THB – U.S. Dollar / Thai Baht | USDTHB | 32.38 | 0.2477 | 0.3720 | -0.1542 | 0.0309 | -0.6139 | -3.9141 | -5.1525 | -5.2385 | 32.44 | 32.69 | 33.38 | 46.03 | -0.0287 |
| USD/SEK – U.S. Dollar / Swedish Krona | USDSEK | 9.4561 | -0.0317 | -0.2347 | -1.0559 | -1.9829 | -1.2637 | -6.9134 | -14.2213 | -7.7296 | 9.5666 | 9.6002 | 10.15 | 36.10 | -0.0358 |
| USD/NOK – U.S. Dollar / Norwegian Krone | USDNOK | 10.04 | 0.0399 | -0.2593 | -0.8798 | -2.0588 | -0.6768 | -7.7700 | -11.3856 | -5.2184 | 10.15 | 10.20 | 10.64 | 32.50 | -0.0364 |
| USD/DKK – U.S. Dollar / Danish Krone | USDDKK | 6.4199 | 0.1201 | 0.4751 | 0.1067 | -0.3157 | -1.6993 | -7.1560 | -10.4217 | -4.7380 | 6.3952 | 6.4804 | 6.7777 | 46.72 | -0.0072 |
| USD/MXN – U.S. Dollar / Mexican Peso | USDMXN | 18.76 | 0.1982 | 0.5874 | 0.5425 | -0.5735 | -2.2894 | -7.4867 | -9.0751 | -5.4274 | 18.71 | 19.05 | 19.72 | 54.90 | -0.0227 |
| USD/PLN – U.S. Dollar / Polish Zloty | USDPLN | 3.6640 | 0.0519 | 0.4654 | 0.1985 | -0.3882 | -2.1341 | -5.2527 | -10.7880 | -4.9999 | 3.6448 | 3.6971 | 3.8515 | 48.68 | -0.0034 |
| USD/HUF – U.S. Dollar / Hungarian Forint | USDHUF | 339.59 | 0.0082 | 0.0793 | -0.1285 | -1.0294 | -3.7771 | -8.2197 | -14.0301 | -4.2092 | 340.78 | 348.08 | 366.82 | 46.56 | -0.9396 |
| USD/CZK – U.S. Dollar / Czech Koruna | USDCZK | 21.05 | 0.1070 | 0.3519 | 0.0119 | -0.6284 | -3.0421 | -9.2240 | -12.8679 | -6.8976 | 21.05 | 21.47 | 22.63 | 46.27 | -0.0482 |
In the current analysis, USD/TRY is significantly overbought with an RSI of 85.85, indicating potential for a corrective pullback despite a positive MACD and bullish MA crossovers. In contrast, USD/ZAR, USD/THB, USD/SEK, USD/NOK, and USD/DKK are in neutral to oversold territory, with RSIs below 50 and negative MACDs, suggesting bearish momentum. The USD/NOK and USD/SEK pairs, with RSIs of 32.50 and 36.10 respectively, indicate oversold conditions, potentially offering buying opportunities if reversal signals emerge. Monitoring these pairs closely will be crucial for identifying potential entry and exit points amid current market dynamics.
