## Forex and Global News
In today’s forex market, the US Dollar Index (DXY) is trading at 98.01, reflecting a slight increase of 0.0194% as traders await critical inflation data from the U.S. and the Eurozone. The dollar has gained momentum following three days of losses, bolstered by expectations of potential interest rate cuts by the Federal Reserve. In contrast, gold prices have declined due to profit-taking, retreating from a five-week high, while the Australian Dollar remains stable, supported by robust private sector credit growth.
Geopolitical tensions are also influencing market sentiment, with Israel conducting significant military operations in Syria and Europe moving to reimpose sanctions on Iran, which could impact energy prices and overall market stability. The upcoming U.S. PCE Price Index data is anticipated to provide further clarity on inflation trends, impacting major currencies like the EUR and GBP. Meanwhile, the New Zealand Dollar has shown strength, nearing 0.5900 against the USD, reflecting positive sentiment towards riskier assets. Overall, market participants are cautious as they navigate these developments.
## Economic Calendar Events Today
All times are in US Eastern Time (New York).
| Date | Time | Cur | Imp | Event | Actual | Forecast |
|---|---|---|---|---|---|---|
| 2025-08-29 | 02:00 | 🇸🇪 | Medium | GDP (YoY) (Q2) | 1.4% | 0.9% |
| 2025-08-29 | 02:00 | 🇸🇪 | Medium | GDP (QoQ) (Q2) | 0.5% | 0.1% |
| 2025-08-29 | 02:00 | 🇪🇺 | Medium | German Retail Sales (MoM) (Jul) | -1.5% | 0.0% |
| 2025-08-29 | 02:45 | 🇪🇺 | Medium | French Consumer Spending (MoM) (Jul) | -0.3% | -0.3% |
| 2025-08-29 | 02:45 | 🇪🇺 | Medium | French CPI (MoM) (Aug) | 0.4% | 0.5% |
| 2025-08-29 | 02:45 | 🇪🇺 | Medium | French GDP (QoQ) (Q2) | 0.3% | 0.3% |
| 2025-08-29 | 02:45 | 🇪🇺 | Medium | French GDP (YoY) (Q2) | 0.8% | 0.7% |
| 2025-08-29 | 02:45 | 🇪🇺 | Medium | French HICP (MoM) (Aug) | 0.5% | 0.5% |
| 2025-08-29 | 03:00 | 🇨🇭 | Medium | KOF Leading Indicators (Sep) | 97.9 | |
| 2025-08-29 | 03:00 | 🇪🇺 | Medium | Spanish CPI (YoY) (Aug) | 2.7% | 2.8% |
| 2025-08-29 | 03:00 | 🇪🇺 | Medium | Spanish HICP (YoY) (Aug) | 2.7% | 2.7% |
| 2025-08-29 | 03:55 | 🇪🇺 | Medium | German Unemployment Change (Aug) | 10K | |
| 2025-08-29 | 03:55 | 🇪🇺 | Medium | German Unemployment Rate (Aug) | 6.3% | |
| 2025-08-29 | 05:00 | 🇪🇺 | Medium | ECB’s De Guindos Speaks | ||
| 2025-08-29 | 07:30 | 🇧🇷 | Medium | Gross Debt-to-GDP ratio (MoM) (Jul) | 77.0% | |
| 2025-08-29 | 08:00 | 🇮🇳 | Medium | GDP Quarterly (YoY) (Q1) | 6.6% | |
| 2025-08-29 | 08:00 | 🇪🇺 | Medium | German CPI (YoY) (Aug) | 2.1% | |
| 2025-08-29 | 08:00 | 🇪🇺 | High | German CPI (MoM) (Aug) | 0.0% | |
| 2025-08-29 | 08:00 | 🇧🇷 | Medium | Unemployment Rate (Jul) | ||
| 2025-08-29 | 08:30 | 🇺🇸 | High | Core PCE Price Index (MoM) (Jul) | 0.3% | |
| 2025-08-29 | 08:30 | 🇺🇸 | High | Core PCE Price Index (YoY) (Jul) | 2.9% | |
| 2025-08-29 | 08:30 | 🇺🇸 | Medium | Goods Trade Balance (Jul) | -90.20B | |
| 2025-08-29 | 08:30 | 🇺🇸 | Medium | PCE Price index (YoY) (Jul) | 2.6% | |
| 2025-08-29 | 08:30 | 🇺🇸 | Medium | PCE price index (MoM) (Jul) | 0.2% | |
| 2025-08-29 | 08:30 | 🇺🇸 | Medium | Personal Spending (MoM) (Jul) | 0.5% | |
| 2025-08-29 | 08:30 | 🇺🇸 | Medium | Retail Inventories Ex Auto (Jul) | ||
| 2025-08-29 | 08:30 | 🇨🇦 | Medium | GDP (MoM) (Jun) | 0.1% | |
| 2025-08-29 | 08:30 | 🇨🇦 | Medium | GDP (YoY) (Q2) | ||
| 2025-08-29 | 08:30 | 🇨🇦 | Medium | GDP (QoQ) (Q2) | ||
| 2025-08-29 | 08:30 | 🇨🇦 | Medium | GDP Annualized (QoQ) (Q2) | -0.6% | |
| 2025-08-29 | 08:31 | 🇨🇦 | Medium | GDP (MoM) | ||
| 2025-08-29 | 09:45 | 🇺🇸 | High | Chicago PMI (Aug) | 46.6 | |
| 2025-08-29 | 10:00 | 🇺🇸 | Medium | Michigan 1-Year Inflation Expectations (Aug) | 4.9% | |
| 2025-08-29 | 10:00 | 🇺🇸 | Medium | Michigan 5-Year Inflation Expectations (Aug) | 3.9% | |
| 2025-08-29 | 10:00 | 🇺🇸 | Medium | Michigan Consumer Expectations (Aug) | 57.2 | |
| 2025-08-29 | 10:00 | 🇺🇸 | Medium | Michigan Consumer Sentiment (Aug) | 58.6 | |
| 2025-08-29 | 11:30 | 🇺🇸 | Medium | Atlanta Fed GDPNow (Q3) | 2.2% | |
| 2025-08-29 | 13:00 | 🇺🇸 | Medium | U.S. Baker Hughes Oil Rig Count | ||
| 2025-08-29 | 13:00 | 🇺🇸 | Medium | U.S. Baker Hughes Total Rig Count | ||
| 2025-08-29 | 15:30 | 🇬🇧 | Medium | CFTC GBP speculative net positions | ||
| 2025-08-29 | 15:30 | 🇺🇸 | Medium | CFTC Crude Oil speculative net positions | ||
| 2025-08-29 | 15:30 | 🇺🇸 | Medium | CFTC Gold speculative net positions | ||
| 2025-08-29 | 15:30 | 🇺🇸 | Medium | CFTC Nasdaq 100 speculative net positions | ||
| 2025-08-29 | 15:30 | 🇺🇸 | Medium | CFTC S&P 500 speculative net positions | ||
| 2025-08-29 | 15:30 | 🇦🇺 | Medium | CFTC AUD speculative net positions | ||
| 2025-08-29 | 15:30 | 🇧🇷 | Medium | CFTC BRL speculative net positions | ||
| 2025-08-29 | 15:30 | 🇯🇵 | Medium | CFTC JPY speculative net positions | ||
| 2025-08-29 | 15:30 | 🇪🇺 | Medium | CFTC EUR speculative net positions |
On August 29, 2025, several key economic events are poised to influence FX markets, particularly the SEK and EUR.
At 02:00 ET, Sweden’s GDP data for Q2 revealed a robust YoY growth of 1.4%, significantly outperforming the forecast of 0.9%. The QoQ growth also beat expectations at 0.5% versus 0.1%. This positive data may strengthen the SEK against major currencies, reflecting economic resilience.
In the Eurozone, the German Retail Sales for July disappointed with a -1.5% change, contrasting sharply with the forecast of 0.0%. This unexpected decline could weigh on the EUR, indicating potential weakness in consumer spending. Conversely, French GDP figures met expectations, showing a steady 0.3% QoQ growth and a YoY increase of 0.8%, which may provide some support to the EUR.
Additionally, the upcoming U.S. Core PCE Price Index at 08:30 ET is highly anticipated, with forecasts of 0.3% MoM and 2.9% YoY. Any deviation from these figures could significantly impact the USD, influencing broader currency movements. Overall, today’s data will be crucial for traders navigating the SEK and EUR in particular.
## 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 | 1.1673 | -0.0428 | 0.5162 | 0.5162 | 1.0567 | 2.5893 | 12.29 | 12.17 | 4.9263 | 1.1664 | 1.1506 | 1.1022 | 52.08 | 0.0007 |
| USD/JPY – U.S. Dollar / Japanese Yen | USDJPY | 147.15 | 0.0816 | -0.8303 | -0.8303 | -0.8677 | 2.3473 | -1.9052 | -6.2683 | 1.8839 | 146.90 | 145.54 | 149.09 | 53.03 | 0.1215 |
| GBP/USD – British Pound / U.S. Dollar | GBPUSD | 1.3494 | -0.1036 | 0.5559 | 0.5559 | 1.0512 | -0.0370 | 7.1046 | 7.5296 | 2.2764 | 1.3499 | 1.3436 | 1.3034 | 54.19 | 0.0010 |
| USD/CHF – U.S. Dollar / Swiss Franc | USDCHF | 0.8018 | -0.0125 | -0.8495 | -0.8495 | -0.4556 | -2.4539 | -10.9032 | -11.2307 | -4.7540 | 0.8025 | 0.8139 | 0.8541 | 44.92 | -0.0000 |
| AUD/USD – Australian Dollar / U.S. Dollar | AUDUSD | 0.6536 | 0.0766 | 1.7198 | 1.7198 | 0.3498 | 1.3962 | 4.8747 | 5.0804 | -3.6429 | 0.6518 | 0.6474 | 0.6387 | 52.82 | -0.0004 |
| USD/CAD – U.S. Dollar / Canadian Dollar | USDCAD | 1.3753 | 0.0145 | -1.0604 | -1.0604 | -0.1517 | -0.3817 | -4.7807 | -4.1589 | 2.0479 | 1.3730 | 1.3777 | 1.4033 | 55.86 | 0.0030 |
| NZD/USD – New Zealand Dollar / U.S. Dollar | NZDUSD | 0.5891 | 0.1360 | 1.1797 | 1.1797 | -1.0683 | -1.4654 | 4.6878 | 4.4557 | -5.7063 | 0.5966 | 0.5960 | 0.5834 | 41.07 | -0.0029 |
Analyzing the current technical indicators for the specified FX pairs, we observe that none are in extreme overbought or oversold conditions, as indicated by their RSI values. EUR/USD, USD/JPY, GBP/USD, and USD/CAD are all comfortably positioned between 50 and 60 on the RSI scale, suggesting a neutral sentiment. The MACD readings for these pairs are positive, indicating bullish momentum; however, the values are relatively low, suggesting a lack of strong buying pressure.
In contrast, USD/CHF and NZD/USD exhibit bearish characteristics with their MACD values at or near zero and RSI levels below 50, indicating potential downward momentum. Notably, USD/CHF’s RSI at 44.92 signals a mild oversold condition, while NZD/USD at 41.07 suggests further weakness.
Overall, the market appears stable, with no significant overbought or oversold signals, but particular attention should be paid to USD/CHF and NZD/USD for potential reversal
## Cross FX Group
| Name | Symbol | Price | Daily (%) | 5D (%) | 1W (%) | 1M (%) | 3M (%) | 6M (%) | YTD (%) | 12M (%) | MA50 | MA100 | MA200 | RSI | MACD |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| EUR/GBP | EURGBP | 0.8647 | 0.0579 | -0.0809 | -0.0809 | -0.0266 | 2.6094 | 4.8096 | 4.2825 | 2.5547 | 0.8638 | 0.8562 | 0.8451 | 35.05 | -0.0002 |
| EUR/JPY | EURJPY | 171.71 | 0.0437 | -0.3540 | -0.3540 | 0.1481 | 4.9683 | 10.12 | 5.0916 | 6.8741 | 171.27 | 167.35 | 164.04 | 51.52 | 0.2155 |
| EUR/CHF | EURCHF | 0.9355 | -0.0641 | -0.3770 | -0.3770 | 0.5514 | 0.0310 | 0.0086 | -0.4681 | -0.1057 | 0.9357 | 0.9355 | 0.9387 | 36.42 | 0.0004 |
| EUR/AUD | EURAUD | 1.7860 | -0.1063 | -1.1736 | -1.1736 | 0.7150 | 1.1921 | 7.0840 | 6.7416 | 8.9018 | 1.7892 | 1.7777 | 1.7242 | 49.56 | 0.0032 |
| GBP/JPY | GBPJPY | 198.57 | -0.0070 | -0.2582 | -0.2582 | 0.1841 | 2.3066 | 5.0728 | 0.7995 | 4.2137 | 198.26 | 195.44 | 194.07 | 62.84 | 0.3003 |
| GBP/CHF | GBPCHF | 1.0819 | -0.1200 | -0.2848 | -0.2848 | 0.5895 | -2.4990 | -4.5708 | -4.5396 | -2.5807 | 1.0832 | 1.0927 | 1.1110 | 47.81 | 0.0007 |
| AUD/JPY | AUDJPY | 96.13 | 0.1531 | 0.8349 | 0.8349 | -0.5565 | 3.7380 | 2.8402 | -1.5263 | -1.8680 | 95.71 | 94.12 | 95.17 | 51.37 | -0.0470 |
| AUD/NZD | AUDNZD | 1.1091 | -0.0721 | 0.5047 | 0.5047 | 1.4099 | 2.8735 | 0.1515 | 0.5809 | 2.1506 | 1.0919 | 1.0858 | 1.0949 | 80.38 | 0.0046 |
| CHF/JPY | CHFJPY | 183.52 | 0.1031 | 0.0182 | 0.0182 | -0.4010 | 4.9392 | 10.11 | 5.5939 | 6.9640 | 183.02 | 178.85 | 174.75 | 65.70 | 0.1532 |
| NZD/JPY | NZDJPY | 86.67 | 0.2440 | 0.3427 | 0.3427 | -1.9226 | 0.8588 | 2.7005 | -2.0943 | -3.9348 | 87.64 | 86.66 | 86.91 | 33.55 | -0.4057 |
In the current analysis of key FX pairs, AUD/NZD stands out as overbought with an RSI of 80.38, suggesting potential reversal risks. Conversely, NZD/JPY appears oversold at an RSI of 33.55, indicating possible upward momentum. EUR/GBP and EUR/CHF also show oversold conditions with RSIs of 35.05 and 36.42, respectively, while both pairs exhibit bearish MACD signals. GBP/JPY, with an RSI of 62.84, remains neutral but shows bullish MACD momentum. Overall, traders should monitor these conditions closely, particularly in the context of potential corrections in overbought pairs and recovery in oversold pairs.
## 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 | 41.14 | 0.0158 | 0.3307 | 0.3307 | 1.4079 | 4.9344 | 12.67 | 16.54 | 20.52 | 40.43 | 39.62 | 37.79 | 81.59 | 0.1905 |
| USD/ZAR – U.S. Dollar / South African Rand | USDZAR | 17.73 | 0.1622 | 0.1281 | 0.1281 | -0.7919 | -0.3152 | -3.8142 | -5.5353 | -0.5609 | 17.74 | 18.00 | 18.18 | 49.45 | -0.0474 |
| USD/THB – U.S. Dollar / Thai Baht | USDTHB | 32.34 | 0.3413 | -0.9798 | -0.9798 | -0.1852 | -0.5841 | -5.0220 | -5.2696 | -5.0025 | 32.46 | 32.73 | 33.40 | 49.24 | -0.0063 |
| USD/SEK – U.S. Dollar / Swedish Krona | USDSEK | 9.4898 | 0.1023 | -1.2829 | -1.2829 | -1.6438 | -0.6085 | -11.7856 | -13.9156 | -6.9136 | 9.5784 | 9.6150 | 10.17 | 47.75 | -0.0124 |
| USD/NOK – U.S. Dollar / Norwegian Krone | USDNOK | 10.08 | 0.0387 | -0.9729 | -0.9729 | -1.2175 | -0.4151 | -10.3904 | -11.0422 | -4.0634 | 10.15 | 10.23 | 10.65 | 40.23 | -0.0154 |
| USD/DKK – U.S. Dollar / Danish Krone | USDDKK | 6.3965 | 0.0547 | -0.4838 | -0.4838 | -1.0006 | -2.4350 | -10.8489 | -10.7482 | -4.5982 | 6.4003 | 6.4915 | 6.7877 | 52.32 | -0.0025 |
| USD/MXN – U.S. Dollar / Mexican Peso | USDMXN | 18.67 | 0.0632 | -0.3485 | -0.3485 | -0.4062 | -3.2596 | -8.7332 | -9.5055 | -5.0518 | 18.73 | 19.11 | 19.74 | 52.32 | -0.0197 |
| USD/PLN – U.S. Dollar / Polish Zloty | USDPLN | 3.6573 | 0.2082 | -0.0956 | -0.0956 | -1.2386 | -1.8183 | -8.6464 | -10.9511 | -5.2464 | 3.6484 | 3.7032 | 3.8582 | 54.89 | -0.0017 |
| USD/HUF – U.S. Dollar / Hungarian Forint | USDHUF | 340.16 | 0.2071 | -0.3048 | -0.3048 | -1.6765 | -4.1100 | -11.5958 | -13.8853 | -3.8036 | 341.41 | 348.91 | 367.52 | 50.12 | -0.8636 |
| USD/CZK – U.S. Dollar / Czech Koruna | USDCZK | 21.02 | 0.1262 | -0.6368 | -0.6368 | -1.2024 | -3.9563 | -12.5080 | -12.9937 | -6.6347 | 21.09 | 21.53 | 22.68 | 54.58 | -0.0275 |
The USD/TRY pair is currently in an overbought state, with an RSI of 81.59, indicating potential for a price correction. The positive MACD at 0.1905 supports the bullish momentum, but caution is warranted given the extreme RSI levels. In contrast, the other pairs, including USD/ZAR and USD/THB, exhibit neutral conditions with RSI values around 49, suggesting a lack of strong directional bias. The MACD readings are also negative for these pairs, indicating bearish sentiment. Overall, while USD/TRY shows clear overbought conditions, the remaining pairs are consolidating, presenting limited trading opportunities.
