Forex Update: Flat EUR/USD as Markets Await Eurozone Data
📰 Forex and Global Market News
Today’s forex market reflects a cautious optimism, driven by easing US-China trade tensions and a focus on upcoming economic data releases. The US Dollar Index (DXY) is trading at 98.50, up 0.0630%, as traders await key inflation figures that could influence Federal Reserve policy.
The Euro (EUR) remains relatively flat against the Dollar, trading around 1.1665, as it grapples with a lack of momentum despite a moderate risk-on sentiment. The British Pound (GBP) has shown resilience, bouncing back from recent lows near 1.3250, as traders anticipate direction from US inflation data. Meanwhile, the Japanese Yen (JPY) is experiencing choppy trading around 202.00 against the GBP, reflecting market indecisiveness.
In commodity markets, gold prices surged to a record high above $4,370 before correcting, driven by geopolitical tensions and inflation fears. Oil prices are also under scrutiny as global demand concerns linger, particularly following China’s mixed economic data, which reported a 4.8% growth but highlighted alarming drops in fixed-asset investment.
Overall, the forex market is poised for volatility as investors digest economic indicators and geopolitical developments in the coming days.
📅 Economic Calendar Events Today
All times are in US Eastern Time (ET)
| Date | Time | Cur | Imp | Event | Actual | Forecast |
|---|---|---|---|---|---|---|
| 2025-10-20 | 02:00 | 🇪🇺 | Medium | German PPI (MoM) (Sep) | -0.1% | 0.1% |
| 2025-10-20 | 04:00 | 🇪🇺 | Medium | ECB’s Schnabel Speaks | ||
| 2025-10-20 | 08:30 | 🇨🇦 | Medium | RMPI (MoM) (Sep) | ||
| 2025-10-20 | 10:00 | 🇺🇸 | Medium | Business Inventories (MoM) (Aug) | 0.1% | |
| 2025-10-20 | 10:00 | 🇺🇸 | Medium | Retail Inventories Ex Auto (Aug) | 0.3% | |
| 2025-10-20 | 10:00 | 🇺🇸 | Medium | US Leading Index (MoM) (Sep) | 0.1% | |
| 2025-10-20 | 10:00 | 🇪🇺 | Medium | ECB’s Schnabel Speaks | ||
| 2025-10-20 | 10:30 | 🇨🇦 | Medium | BoC Business Outlook Survey | ||
| 2025-10-20 | 13:00 | 🇪🇺 | Medium | German Buba Balz Speaks | ||
| 2025-10-20 | 15:00 | 🇪🇺 | Medium | German Buba President Nagel Speaks | ||
| 2025-10-20 | 17:00 | 🇺🇸 | Medium | TIC Net Long-Term Transactions (Aug) | ||
| 2025-10-20 | 21:00 | 🇪🇺 | Medium | German Buba President Nagel Speaks |
**Overview:**
Today’s economic calendar features several significant events that could impact forex markets, particularly focusing on the Eurozone and the US. Key releases include German Producer Price Index (PPI), US business inventories, and leading index data, alongside speeches from European Central Bank (ECB) officials.
**Key Releases:**
1. **German PPI (MoM) – September**: The actual reading was -0.1%, significantly below the forecast of 0.1%. This unexpected decline may indicate weakening price pressures in Germany, potentially impacting the Euro negatively.
2. **US Business Inventories (MoM) – August**: The actual figure is pending, with a forecast of 0.1%. A miss here could signal weaker economic activity, influencing USD sentiment.
3. **US Leading Index (MoM) – September**: Also pending, with a forecast of 0.1%. A lower-than-expected result could heighten concerns about the economic outlook and affect USD trading.
**FX Impact:**
The Euro (EUR) is likely to face downward pressure following the disappointing PPI data, especially against the US Dollar (USD) and Canadian Dollar (CAD). If US data also comes in weaker than expected, it could lead to mixed reactions in USD pairs. Traders should monitor the speeches from ECB officials for any hints on monetary policy direction, which may further influence EUR movements.
💱 Major Currency Pairs
| Name | Symbol | Price | Daily (%) | 5D (%) | 1W (%) | 1M (%) | 3M (%) | 6M (%) | YTD (%) | 12M (%) | MA50 | MA100 | MA200 | RSI | MACD |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| EUR/USD – Euro / U.S. Dollar | EURUSD | 1.1667 | +0.0686 | +0.5579 | +0.5567 | -1.0522 | -0.2355 | +2.7816 | +12.12 | +7.7331 | 1.1693 | 1.1653 | 1.1246 | 42.18 | -0.0021 |
| USD/JPY – U.S. Dollar / Japanese Yen | USDJPY | 150.72 | -0.0696 | -0.6676 | -0.8799 | +1.8730 | +2.2448 | +5.6277 | -3.9982 | +0.4117 | 148.54 | 147.26 | 148.07 | 59.16 | 0.9065 |
| GBP/USD – British Pound / U.S. Dollar | GBPUSD | 1.3422 | -0.0298 | +0.7536 | +0.6435 | -0.9886 | -0.5000 | +1.1213 | +6.9559 | +3.1212 | 1.3475 | 1.3492 | 1.3189 | 48.49 | -0.0027 |
| USD/CHF – U.S. Dollar / Swiss Franc | USDCHF | 0.7932 | -0.0882 | -1.0393 | -1.1367 | +0.0871 | -0.6120 | -3.9791 | -12.18 | -8.3991 | 0.7997 | 0.8026 | 0.8365 | 44.30 | -0.0004 |
| AUD/USD – Australian Dollar / U.S. Dollar | AUDUSD | 0.6502 | -0.0615 | +0.1648 | +0.0554 | -1.7513 | -0.3998 | +1.9729 | +4.5338 | -2.9512 | 0.6554 | 0.6537 | 0.6427 | 36.70 | -0.0021 |
| USD/CAD – U.S. Dollar / Canadian Dollar | USDCAD | 1.4029 | +0.1285 | -0.1139 | +0.2179 | +1.7199 | +2.5827 | +1.3136 | -2.2356 | +1.6911 | 1.3868 | 1.3778 | 1.3973 | 74.04 | 0.0055 |
| NZD/USD – New Zealand Dollar / U.S. Dollar | NZDUSD | 0.5741 | +0.1221 | +0.4549 | +0.2482 | -2.5511 | -3.8296 | -3.6855 | +1.7960 | -5.2752 | 0.5857 | 0.5931 | 0.5849 | 40.50 | -0.0042 |
**Overview:**
The Majors FX group is currently exhibiting mixed signals, with a general bearish undertone as several pairs show negative momentum. The USD is holding strength against most currencies, particularly evident in the USD/CAD pair.
**Key Pairs:**
1. **USD/CAD**: Price at 1.4029, RSI at 74.04 indicates overbought conditions, while the MACD at 0.0055 suggests bullish momentum. Traders should watch for potential resistance around 1.4050.
2. **AUD/USD**: Price at 0.6502, with an RSI of 36.70 indicating oversold conditions, and a MACD of -0.0021 reflecting bearish momentum. A potential support level exists near 0.6450.
3. **EUR/USD**: Price at 1.1667, RSI at 42.18 is neutral-bearish, with a MACD of -0.0021. This pair may face resistance at 1.1700.
**Trading Implications:**
For USD/CAD, a pullback may occur given the overbought RSI, providing a potential short entry. Conversely, AUD/USD’s oversold status may present a buying opportunity if it holds above support at
🔀 Cross Currency Pairs
| Name | Symbol | Price | Daily (%) | 5D (%) | 1W (%) | 1M (%) | 3M (%) | 6M (%) | YTD (%) | 12M (%) | MA50 | MA100 | MA200 | RSI | MACD |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| EUR/GBP | EURGBP | 0.8691 | +0.1267 | -0.2113 | -0.0989 | -0.0632 | +0.2526 | +1.6289 | +4.8131 | +4.4541 | 0.8677 | 0.8636 | 0.8523 | 40.38 | 0.0002 |
| EUR/JPY | EURJPY | 175.80 | +0.0023 | -0.1386 | -0.3492 | +0.7831 | +1.9816 | +8.5407 | +7.5967 | +8.1534 | 173.67 | 171.59 | 166.39 | 58.31 | 0.7497 |
| EUR/CHF | EURCHF | 0.9250 | -0.0324 | -0.5227 | -0.6242 | -0.9901 | -0.8914 | -1.3523 | -1.5853 | -1.3617 | 0.9350 | 0.9351 | 0.9386 | 15.01 | -0.0021 |
| EUR/AUD | EURAUD | 1.7943 | +0.1563 | +0.3956 | +0.5052 | +0.7287 | +0.1898 | +0.7887 | +7.2376 | +11.01 | 1.7840 | 1.7825 | 1.7491 | 55.60 | 0.0026 |
| GBP/JPY | GBPJPY | 202.28 | -0.1170 | +0.0816 | -0.2421 | +0.8641 | +1.7362 | +6.8122 | +2.6812 | +3.5485 | 200.14 | 198.67 | 195.16 | 60.04 | 0.8155 |
| GBP/CHF | GBPCHF | 1.0644 | -0.1595 | -0.3007 | -0.5131 | -0.9141 | -1.1258 | -2.9231 | -6.0837 | -5.5638 | 1.0775 | 1.0828 | 1.1015 | 36.55 | -0.0026 |
| AUD/JPY | AUDJPY | 97.97 | -0.1529 | -0.5300 | -0.8451 | +0.0664 | +1.8198 | +7.7054 | +0.3565 | -2.5678 | 97.35 | 96.25 | 95.13 | 51.21 | 0.2774 |
| AUD/NZD | AUDNZD | 1.1325 | -0.1675 | -0.3256 | -0.1886 | +0.8999 | +3.5692 | +5.8866 | +2.7029 | +2.4530 | 1.1192 | 1.1024 | 1.0988 | 43.59 | 0.0046 |
| CHF/JPY | CHFJPY | 190.03 | +0.0405 | +0.3932 | +0.2735 | +1.7926 | +2.8981 | +10.05 | +9.3380 | +9.6604 | 185.73 | 183.47 | 177.29 | 69.18 | 1.2228 |
| NZD/JPY | NZDJPY | 86.50 | +0.0150 | -0.2065 | -0.6455 | -0.7367 | -1.6621 | +1.7253 | -2.2886 | -4.8709 | 86.96 | 87.30 | 86.56 | 55.11 | -0.1043 |
**Overview:** The Crosses FX group exhibits a mixed trend, with some pairs indicating bullish momentum while others show bearish signals. Overall, the market sentiment appears neutral to slightly bullish.
**Key Pairs:**
1. **CHF/JPY:** Currently at 190.0250, with an RSI of 69.18, nearing overbought territory, and a strong MACD of 1.2228, indicating bullish momentum. Watch for potential resistance around 190.50.
2. **GBP/JPY:** Priced at 202.2810, it has an RSI of 60.04 and a MACD of 0.8155, suggesting bullish momentum. Support can be found around 201.50.
3. **EUR/CHF:** At 0.9250, it shows an RSI of 15.01, indicating oversold conditions, with a negative MACD of -0.0021. This pair may see a potential reversal if it breaks above 0.9300.
**Trading Implications
🌍 Exotic and Emerging Market Currencies
| Name | Symbol | Price | Daily (%) | 5D (%) | 1W (%) | 1M (%) | 3M (%) | 6M (%) | YTD (%) | 12M (%) | MA50 | MA100 | MA200 | RSI | MACD |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| USD/TRY – U.S. Dollar / Turkish Lira | USDTRY | 41.96 | +0.0990 | +0.3250 | +0.3398 | +1.3477 | +3.8379 | +9.5994 | +18.84 | +22.70 | 41.33 | 40.66 | 38.97 | 97.45 | 0.1716 |
| USD/ZAR – U.S. Dollar / South African Rand | USDZAR | 17.31 | -0.3644 | -0.4358 | -0.5837 | -0.1766 | -1.6338 | -6.9747 | -7.7549 | -1.9053 | 17.45 | 17.62 | 18.02 | 53.39 | -0.0330 |
| USD/THB – U.S. Dollar / Thai Baht | USDTHB | 32.71 | -0.1831 | +0.3374 | +0.2759 | +2.5713 | +1.5523 | -2.5328 | -4.1858 | -1.3094 | 32.26 | 32.38 | 33.02 | 69.23 | 0.1347 |
| USD/SEK – U.S. Dollar / Swedish Krona | USDSEK | 9.4264 | +0.1455 | -1.2058 | -0.8646 | +0.8849 | -1.4771 | -1.8160 | -14.49 | -10.59 | 9.4445 | 9.5093 | 9.8787 | 51.12 | 0.0128 |
| USD/NOK – U.S. Dollar / Norwegian Krone | USDNOK | 10.04 | -0.0109 | -1.0968 | -0.5808 | +1.7846 | -1.1299 | -3.7263 | -11.32 | -7.9825 | 10.03 | 10.07 | 10.42 | 55.38 | 0.0261 |
| USD/DKK – U.S. Dollar / Danish Krone | USDDKK | 6.4029 | -0.0500 | -0.5202 | -0.5158 | +1.1400 | +0.3135 | -2.6619 | -10.66 | -7.0332 | 6.3842 | 6.4051 | 6.6487 | 58.92 | 0.0122 |
| USD/MXN – U.S. Dollar / Mexican Peso | USDMXN | 18.38 | +0.0620 | -0.6467 | -0.7434 | +0.1116 | -1.4547 | -6.2732 | -10.89 | -7.2267 | 18.53 | 18.68 | 19.40 | 51.64 | -0.0199 |
| USD/PLN – U.S. Dollar / Polish Zloty | USDPLN | 3.6360 | -0.0989 | -0.9726 | -1.0386 | +0.6238 | +0.2322 | -3.6019 | -11.47 | -8.5702 | 3.6390 | 3.6529 | 3.7743 | 50.20 | 0.0048 |
| USD/HUF – U.S. Dollar / Hungarian Forint | USDHUF | 333.96 | +0.0863 | -0.9999 | -1.1160 | +1.3508 | -2.0904 | -7.0311 | -15.45 | -9.6306 | 335.45 | 339.95 | 356.59 | 52.24 | 0.1933 |
| USD/CZK – U.S. Dollar / Czech Koruna | USDCZK | 20.84 | +0.0230 | -0.5370 | -0.4914 | +1.1554 | -0.9281 | -5.5799 | -13.74 | -10.49 | 20.84 | 21.04 | 22.07 | 56.74 | 0.0213 |
**Overview:**
The Exotics FX group shows mixed signals, with a general bearish sentiment in several pairs, while USD/TRY exhibits extreme overbought conditions.
**Key Pairs:**
1. **USD/TRY**: Currently at 41.9551, the RSI at 97.45 indicates extreme overbought conditions, suggesting a potential reversal. The MACD of 0.1716 supports bullish momentum but warns of an imminent pullback.
2. **USD/THB**: Priced at 32.7100, with an RSI of 69.23, it is nearing overbought territory. The MACD at 0.1347 indicates positive momentum, but caution is advised as it approaches resistance levels.
3. **USD/ZAR**: At 17.3097, the RSI at 53.39 shows a neutral-bullish stance, while the negative MACD (-0.0330) indicates potential bearish momentum.
**Trading Implications:**
For USD/TRY, watch
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