## Forex and Global News (Last 8 Hours)
In the forex market, the US Dollar (USD) continues to strengthen, buoyed by persistent demand amid risk-averse sentiment. The Euro (EUR) is under pressure, trading down 0.1% against the USD, hovering around the 1.1600 mark due to weaker German trade data. The British Pound (GBP) has also slipped against the USD, dropping to a near two-week low below the mid-1.3300s as fresh USD buying emerges. Meanwhile, the GBP/JPY pair has retreated after a four-day rally, trading around 204.40.
The Canadian Dollar (CAD) remains steady as it consolidates against the USD, while gold prices have stabilized near record highs, reflecting ongoing uncertainty in the markets. Overall, the market sentiment is cautious, with traders reassessing central bank policies and geopolitical tensions.
The US Dollar Index (DXY) is currently at 98.96, reflecting a daily change of 0.2370%.
## Economic Calendar Events Today
All times are in US Eastern Time (New York).
| Date | Time | Cur | Imp | Event | Actual | Forecast |
|---|---|---|---|---|---|---|
| 2025-10-09 | 02:00 | 🇪🇺 | Medium | German Trade Balance (Aug) | 17.2B | 15.1B |
| 2025-10-09 | 03:00 | 🇪🇺 | Medium | German Buba Balz Speaks | ||
| 2025-10-09 | 06:00 | 🇪🇺 | Medium | Eurogroup Meetings | ||
| 2025-10-09 | 07:30 | 🇪🇺 | Medium | ECB Publishes Account of Monetary Policy Meeting | ||
| 2025-10-09 | 08:00 | 🇨🇦 | Medium | BoC Senior Deputy Governor Rogers Speaks | ||
| 2025-10-09 | 08:00 | Medium | CPI (YoY) (Sep) | 5.17% | 5.22% | |
| 2025-10-09 | 11:00 | 🇪🇺 | Medium | ECB’s Lane Speaks | ||
| 2025-10-09 | 18:00 | 🇦🇺 | Medium | RBA Assist Gov Kent Speaks |
On October 9, 2025, key economic events with significant implications for G7 FX markets are set to unfold, particularly focusing on the euro (EUR) and Canadian dollar (CAD).
At 02:00 ET, Germany’s August Trade Balance is reported at €17.2 billion, exceeding expectations of €15.1 billion. This stronger-than-anticipated figure may bolster the euro as it indicates robust export performance, reflecting positively on the German economy and potentially influencing the European Central Bank’s (ECB) monetary policy stance.
Subsequently, at 07:30 ET, the ECB publishes the account of its recent monetary policy meeting, which could provide insights into future interest rate decisions. Market participants will be keen to assess any hints regarding the ECB’s approach to inflation and economic growth.
Additionally, at 08:00 ET, the Bank of Canada’s Senior Deputy Governor Rogers will speak, offering potential cues on the BoC’s policy outlook. Given the ongoing economic uncertainties, any dovish or hawkish signals could significantly impact the CAD.
Overall, these events may lead to increased volatility in the EUR and CAD, with traders closely monitoring for surprises that could shift market sentiment and currency valuations.
## G7 Currency Pairs Performance
| Name | Symbol | Price | Daily (%) | 5D (%) | 1W (%) | 1M (%) | 3M (%) | 6M (%) | YTD (%) | 12M (%) | MA50 | MA100 | MA200 | RSI | MACD |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| EUR/USD – Euro / U.S. Dollar | EURUSD | 1.1609 | -0.2320 | -0.9903 | -1.0658 | -1.3606 | -0.8011 | 3.1193 | 11.56 | 5.7696 | 1.1689 | 1.1633 | 1.1201 | 31.16 | -0.0010 |
| USD/JPY – U.S. Dollar / Japanese Yen | USDJPY | 152.81 | 0.1875 | 3.8457 | 3.8930 | 3.6949 | 4.4576 | 6.3041 | -2.6663 | 3.1385 | 148.00 | 146.72 | 148.29 | 71.36 | 0.8888 |
| GBP/USD – British Pound / U.S. Dollar | GBPUSD | 1.3366 | -0.2984 | -0.5997 | -0.8470 | -1.3803 | -1.5728 | 2.8781 | 6.5096 | 2.0708 | 1.3470 | 1.3501 | 1.3157 | 36.39 | -0.0023 |
| USD/CHF – U.S. Dollar / Swiss Franc | USDCHF | 0.8036 | 0.2745 | 0.8256 | 0.8395 | 1.3610 | 0.8635 | -2.0907 | -11.0314 | -6.2748 | 0.8008 | 0.8044 | 0.8403 | 66.80 | -0.0001 |
| AUD/USD – Australian Dollar / U.S. Dollar | AUDUSD | 0.6598 | 0.1062 | -0.0014 | -0.2645 | -0.0014 | 0.0607 | 6.0193 | 6.0772 | -2.1010 | 0.6551 | 0.6533 | 0.6417 | 46.50 | 0.0009 |
| USD/CAD – U.S. Dollar / Canadian Dollar | USDCAD | 1.3958 | 0.0645 | -0.0208 | 0.1327 | 1.1816 | 2.2092 | 0.0502 | -2.7304 | 2.2414 | 1.3831 | 1.3761 | 1.3985 | 80.40 | 0.0043 |
| NZD/USD – New Zealand Dollar / U.S. Dollar | NZDUSD | 0.5774 | -0.2591 | -0.7819 | -0.8212 | -2.8779 | -4.4311 | 0.4543 | 2.3811 | -5.8289 | 0.5884 | 0.5947 | 0.5846 | 31.20 | -0.0030 |
| DXY – US Dollar Index | DXY | 98.96 | 0.2370 | 1.2659 | 1.1313 | 1.1934 | N/A | N/A | N/A | N/A | 98.04 | 98.04 | 98.04 | 66.39 | 0.1561 |
## Charts
## Technical Analysis
In the current technical landscape of G7 currency pairs and the DXY, several key signals present potential trading opportunities.
Starting with the DXY, trading at 98.9570, the RSI at 66.39 suggests a bullish momentum but nearing overbought territory. The MACD at 0.1561 remains positive, indicating sustained upward momentum, while the MA50, MA100, and MA200 are aligned, reinforcing the bullish trend. Traders should monitor for potential pullbacks as the RSI approaches the overbought threshold.
For EUR/USD, priced at 1.1609, the RSI at 31.16 indicates an oversold condition, presenting a potential buying opportunity if bullish reversal signals emerge. The MACD at -0.0010 is bearish, but a divergence could signal a trend reversal.
USD/JPY shows a strong bullish trend with an RSI of 71.36, suggesting overbought conditions. The MACD at 0.8888 supports this bullish outlook, but caution is warranted for potential profit-taking.
In GBP/USD, the RSI at 36.39 and negative MACD indicate bearish pressure, while USD/CAD’s RSI of 80.40 suggests extreme overbought conditions, warranting a potential reversal strategy.
Overall, traders should remain vigilant for reversal signals in oversold pairs and consider profit-taking in overbought scenarios.
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