Forex Report: Market awaits Fed clarity post-Powell’s dovish signals, Singapore’s Core CPI shows stability, USD/JPY gains traction.

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# Forex Report: Market awaits Fed clarity post-Powell’s dovish signals, Singapore’s Core CPI shows stability, USD/JPY gains traction.

DXY_candlestick_1m_20250825_0737 Chart

## Forex and Global News
The forex market is reacting to several key developments as traders await further clarity from the Federal Reserve following Chair Jerome Powell’s dovish remarks at the Jackson Hole Economic Symposium. The USD/JPY pair has seen some upward movement, trading near 147.50, although capped by hawkish signals from the Bank of Japan. Meanwhile, GBP/USD is under pressure, trading around 1.3495, as renewed demand for the US Dollar weighs on the pair. The EUR/USD has also pulled back to around 1.1700 after reaching four-week highs, reflecting a broader retracement in the wake of Powell’s speech.

In Asia, the People’s Bank of China set the USD/CNY reference rate at 7.1161, a slight adjustment from the previous fix, while China’s stock market continues to rise, driven by households with record savings. Commodities such as gold are experiencing profit-taking, with prices retreating below $3,370 after a volatile session. Overall, market sentiment remains cautious as traders digest the implications of US monetary policy and global economic indicators. The DXY is currently at 97.80, down 0.0572%.

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

Date Time Cur Imp Event Actual Forecast
2025-08-25 01:00 Medium Core CPI (YoY) (Jul) 0.50%
2025-08-25 01:00 Medium CPI (YoY) (Jul) 0.6% 0.7%
2025-08-25 02:30 🇨🇭 Medium Employment Level (Q2) 5.532M
2025-08-25 04:00 🇪🇺 Medium German Business Expectations (Aug) 90.2
2025-08-25 04:00 🇪🇺 Medium German Current Assessment (Aug) 86.7
2025-08-25 04:00 🇪🇺 Medium German Ifo Business Climate Index (Aug) 88.7
2025-08-25 08:00 🇺🇸 Medium Building Permits (Jul) 1.354M
2025-08-25 09:30 🇪🇺 Medium German Buba Balz Speaks
2025-08-25 10:00 🇺🇸 High New Home Sales (Jul) 635K
2025-08-25 10:00 🇺🇸 Medium New Home Sales (MoM) (Jul)
2025-08-25 19:15 🇺🇸 Medium FOMC Member Williams Speaks
2025-08-25 21:30 🇦🇺 Medium RBA Meeting Minutes

On August 25, 2025, several key economic events are expected to influence FX markets.

The Singaporean data releases at 01:00 ET include the Core CPI YoY for July, which came in at 0.50%, and the overall CPI YoY, reported at 0.6%, slightly below the forecast of 0.7%. This underperformance may exert downward pressure on the Singapore Dollar (SGD) as it suggests weaker inflationary pressures.

Moving to Europe, the German Ifo Business Climate Index and related metrics will be released at 04:00 ET, with expectations set at 88.7 for the index, 90.2 for Business Expectations, and 86.7 for Current Assessment. Any significant deviation from these forecasts could impact the Euro (EUR), particularly if the data indicates a deteriorating business sentiment.

In the U.S., Building Permits and New Home Sales figures will be reported at 08:00 ET and 10:00 ET, respectively. The forecasts for these indicators are crucial for the USD, as stronger housing data could bolster expectations for economic resilience.

Lastly, speeches from FOMC member Williams at 19:15 ET may provide insights into future monetary policy, further influencing the USD. Overall, markets will be closely monitoring these releases for potential volatility in currency pairs.

## 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 1.1715 -0.0341 0.6225 0.0719 -0.3499 2.8671 11.32 12.58 5.3776 1.1653 1.1479 1.1000 61.18 0.0011
USD/JPY – U.S. Dollar / Japanese Yen USDJPY 147.26 0.1333 -0.3195 -0.0034 0.1728 3.2274 -1.2202 -6.2015 0.7230 146.75 145.51 149.21 52.83 0.1913
GBP/USD – British Pound / U.S. Dollar GBPUSD 1.3510 -0.0592 0.1721 -0.3421 -0.0003 -0.4070 6.5925 7.6571 3.1475 1.3498 1.3412 1.3017 66.91 0.0009
USD/CHF – U.S. Dollar / Swiss Franc USDCHF 0.8022 0.0000 -0.6896 -0.5455 0.9222 -2.2208 -10.1076 -11.1864 -5.8119 0.8033 0.8155 0.8554 42.73 0.0006
AUD/USD – Australian Dollar / U.S. Dollar AUDUSD 0.6497 0.0924 0.6569 -0.2451 -1.5185 0.2468 2.2686 4.4534 -3.1484 0.6517 0.6457 0.6387 53.33 -0.0014
USD/CAD – U.S. Dollar / Canadian Dollar USDCAD 1.3828 0.0072 -0.2741 0.0941 1.3738 0.6712 -3.3054 -3.6363 1.6511 1.3719 1.3788 1.4036 58.57 0.0038
NZD/USD – New Zealand Dollar / U.S. Dollar NZDUSD 0.5871 0.0682 -0.4525 -0.9715 -2.7516 -2.0635 2.4413 4.1010 -4.4371 0.5979 0.5949 0.5834 43.68 -0.0031

EUR_USD_-_Euro___U.S._Dollar_candlestick_20250825_0737 Chart

USD_JPY_-_U.S._Dollar___Japanese_Yen_candlestick_20250825_0737 Chart

GBP_USD_-_British_Pound___U.S._Dollar_candlestick_20250825_0737 Chart

USD_CHF_-_U.S._Dollar___Swiss_Franc_candlestick_20250825_0737 Chart

AUD_USD_-_Australian_Dollar___U.S._Dollar_candlestick_20250825_0737 Chart

USD_CAD_-_U.S._Dollar___Canadian_Dollar_candlestick_20250825_0737 Chart

NZD_USD_-_New_Zealand_Dollar___U.S._Dollar_candlestick_20250825_0737 Chart

Analyzing the current conditions of key FX pairs reveals a mixed sentiment across the market. The EUR/USD pair, with an RSI of 61.18, is approaching overbought territory but remains neutral, complemented by a positive MACD of 0.0011. The GBP/USD pair, at an RSI of 66.91, is nearing overbought levels, suggesting potential resistance ahead, although its MACD remains marginally positive.

Conversely, the USD/CHF pair shows oversold characteristics with an RSI of 42.73 and a weakening MACD, indicating bearish momentum. The AUD/USD and NZD/USD pairs also reflect bearish conditions, with their respective RSIs of 53.33 and 43.68, compounded by negative MACD readings, suggesting further downside risk.

Overall, while the EUR/USD and GBP/USD exhibit bullish tendencies, caution is warranted in pairs like USD/CHF, AUD/USD, and NZD/USD, which may present opportunities for bearish trades as they

## Cross FX Group

Name Symbol Price Daily (%) 5D (%) 1W (%) 1M (%) 3M (%) 6M (%) YTD (%) 12M (%) MA50 MA100 MA200 RSI MACD
EUR/GBP EURGBP 0.8668 0.0231 0.4124 0.3822 -0.3907 3.2556 4.4186 4.5357 2.1351 0.8633 0.8558 0.8446 40.32 0.0003
EUR/JPY EURJPY 172.44 0.1080 0.2570 0.0273 -0.2158 6.1465 9.9433 5.5384 6.0982 170.98 167.02 163.92 71.40 0.3865
EUR/CHF EURCHF 0.9393 -0.0319 -0.1180 -0.5158 0.5233 0.5384 0.0479 -0.0638 -0.7974 0.9360 0.9357 0.9387 58.04 0.0016
EUR/AUD EURAUD 1.8031 -0.1219 -0.0316 0.3043 1.1682 2.6209 8.8717 7.7636 8.8027 1.7879 1.7778 1.7218 63.13 0.0056
GBP/JPY GBPJPY 198.91 0.0805 -0.1601 -0.3562 0.1652 2.7984 5.2878 0.9726 3.9100 198.05 195.15 194.04 75.08 0.3887
GBP/CHF GBPCHF 1.0835 -0.0738 -0.5379 -0.8973 0.9052 -2.6356 -4.1897 -4.3985 -2.8669 1.0841 1.0934 1.1116 62.77 0.0015
AUD/JPY AUDJPY 95.62 0.2180 0.2863 -0.2733 -1.3718 3.4322 0.9939 -2.0507 -2.4932 95.62 93.93 95.25 56.84 -0.0831
AUD/NZD AUDNZD 1.1065 0.0181 1.1102 0.7503 1.2852 2.3542 -0.1597 0.3451 1.3408 1.0900 1.0851 1.0948 70.16 0.0034
CHF/JPY CHFJPY 183.57 0.1511 0.3861 0.5547 -0.7283 5.5845 9.8943 5.6215 6.9539 182.66 178.48 174.62 64.31 0.1058
NZD/JPY NZDJPY 86.42 0.2122 -0.7875 -0.9933 -2.5990 1.0796 1.1707 -2.3768 -3.7682 87.70 86.55 86.98 45.44 -0.3410

crosses_normalized_3m_20250825_0737 Chart

In the current analysis, EUR/JPY and GBP/JPY exhibit overbought conditions, with RSI readings of 71.40 and 75.08, respectively, indicating potential price corrections. Both pairs also show positive MACD values, suggesting bullish momentum, although caution is warranted due to overbought levels. Conversely, EUR/GBP remains neutral with an RSI of 40.32 and a MACD near zero, indicating a stable trend without extreme conditions. AUD/NZD is approaching overbought territory with an RSI of 70.16, while other pairs like AUD/JPY and NZD/JPY are in neutral to slightly bearish territory, highlighting varied market dynamics across these currencies.

## 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 40.99 0.1578 0.3046 0.2328 1.1301 5.1295 12.43 16.11 20.72 40.31 39.50 37.65 80.68 0.1923
USD/ZAR – U.S. Dollar / South African Rand USDZAR 17.52 0.4109 -1.0002 -0.3015 -0.5121 -1.7268 -4.8237 -6.6187 -2.6695 17.76 18.05 18.17 30.17 -0.0523
USD/THB – U.S. Dollar / Thai Baht USDTHB 32.40 0.0309 -0.5525 -0.0925 0.3718 -0.5525 -4.0171 -5.0939 -6.0597 32.48 32.82 33.45 53.82 0.0157
USD/SEK – U.S. Dollar / Swedish Krona USDSEK 9.5239 0.2220 -0.8155 -0.2914 -0.0291 0.2041 -10.0617 -13.6063 -6.9251 9.5789 9.6271 10.20 39.66 -0.0084
USD/NOK – U.S. Dollar / Norwegian Krone USDNOK 10.09 0.2334 -1.8477 -0.7782 -0.2554 0.0178 -9.0776 -10.8939 -4.6017 10.14 10.24 10.67 37.86 0.0032
USD/DKK – U.S. Dollar / Danish Krone USDDKK 6.3738 0.0361 -0.5785 -0.0237 0.3843 -2.6659 -10.0946 -11.0649 -5.0317 6.4043 6.5029 6.7975 39.19 -0.0059
USD/MXN – U.S. Dollar / Mexican Peso USDMXN 18.63 0.2297 -1.0043 -0.5009 0.4917 -3.2000 -8.9347 -9.7057 -4.4150 18.75 19.16 19.77 38.49 -0.0109
USD/PLN – U.S. Dollar / Polish Zloty USDPLN 3.6399 0.2230 -0.0386 0.1513 0.6498 -2.2017 -7.4570 -11.3748 -5.4569 3.6516 3.7099 3.8649 38.08 -0.0046
USD/HUF – U.S. Dollar / Hungarian Forint USDHUF 338.60 0.4063 0.2051 0.4730 0.1983 -4.2042 -11.1256 -14.2802 -4.3178 342.03 349.78 368.21 35.95 -1.2451
USD/CZK – U.S. Dollar / Czech Koruna USDCZK 20.94 0.0134 -0.2772 0.2994 0.3907 -4.0943 -11.5542 -13.3211 -7.1280 21.11 21.58 22.72 40.28 -0.0482

exotics_normalized_3m_20250825_0737 Chart

In the current analysis of key FX pairs, USD/TRY shows extreme overbought conditions with an RSI of 80.68, coupled with a positive MACD, indicating strong bullish momentum. Conversely, USD/ZAR is approaching oversold territory with an RSI of 30.17 and a negative MACD, suggesting potential bearish continuation. Other pairs, including USD/SEK, USD/NOK, and USD/DKK, exhibit weak momentum with RSIs below 40, indicating a lack of buying interest. The MA crossovers across these pairs reinforce the prevailing trends, with USD/TRY distinctly outperforming while USD/ZAR may present a reversal opportunity as it nears oversold levels.