## Forex and Global News (Last 8 Hours)
In the forex market, the US Dollar (USD) remains resilient amid ongoing government shutdown concerns, with the USD/CHF pair rising 0.30% to 0.8010, marking its highest level in a month. The Dollar Index (DXY) is currently at 99.03, reflecting a daily change of 0.1760%. The GBP/JPY pair continues to gain, climbing to 205.00 as markets adjust expectations regarding the Bank of Japan’s interest rate policies following recent leadership changes. Meanwhile, the Euro (EUR) struggles, with EUR/USD trading below 1.1650 after a 0.5% decline on Tuesday, indicating persistent selling pressure.
The Australian Dollar (AUD) is experiencing volatility, oscillating near 0.6580, while the USD/JPY pair extends its uptrend, reaching its highest level since February 2023. Market sentiment remains cautious, particularly following warnings from the Bank of England about potential market corrections linked to inflated AI valuations. Overall, the forex landscape is characterized by a strong USD and fluctuating performances from other G7 currencies as traders await insights from the upcoming Federal Reserve minutes.
## Economic Calendar Events Today
All times are in US Eastern Time (New York).
| Date | Time | Cur | Imp | Event | Actual | Forecast |
|---|---|---|---|---|---|---|
| 2025-10-08 | 02:00 | 🇪🇺 | Medium | German Industrial Production (MoM) (Aug) | -4.3% | -1.0% |
| 2025-10-08 | 05:15 | 🇪🇺 | Medium | German Buba Vice President Buch Speaks | ||
| 2025-10-08 | 06:30 | 🇪🇺 | Medium | ECB’s Elderson Speaks | ||
| 2025-10-08 | 09:00 | 🇪🇺 | Medium | ECB Supervisory Board Member Tuominen Speaks | ||
| 2025-10-08 | 12:00 | 🇪🇺 | Medium | ECB President Lagarde Speaks |
On October 8, 2025, the Eurozone faced significant economic data that may impact G7 FX markets, particularly the EUR. The German Industrial Production for August reported a sharp decline of -4.3%, starkly below the forecasted -1.0%. This unexpected drop raises concerns about the strength of the German economy and could lead to a bearish sentiment towards the EUR, as investors may reassess growth expectations and potential ECB policy responses.
Throughout the day, several key figures from the European Central Bank (ECB) are scheduled to speak, including Vice President Buch at 5:15 AM, ECB’s Elderson at 6:30 AM, Supervisory Board Member Tuominen at 9:00 AM, and President Lagarde at noon. Market participants will be closely monitoring these speeches for insights into future monetary policy, especially in light of the disappointing industrial production data.
The combination of weak economic indicators and potential dovish signals from ECB officials could lead to increased volatility in the EUR, with a likelihood of depreciation against the USD and other G7 currencies. Traders will be vigilant for any guidance on interest rates or economic outlooks that could further influence currency movements throughout the day.
## 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 | 1.1604 | -0.5059 | -1.0330 | -1.1235 | -0.9320 | -1.0840 | 3.0749 | 11.51 | 5.7240 | 1.1684 | 1.1629 | 1.1195 | 28.75 | -0.0005 |
| USD/JPY – U.S. Dollar / Japanese Yen | USDJPY | 152.79 | 0.6442 | 3.8308 | 3.2366 | 2.9951 | 4.5670 | 6.2888 | -2.6803 | 3.1327 | 147.95 | 146.64 | 148.31 | 73.74 | 0.6965 |
| GBP/USD – British Pound / U.S. Dollar | GBPUSD | 1.3375 | -0.3799 | -0.5328 | -0.5087 | -0.8739 | -1.6041 | 2.9474 | 6.5814 | 2.2184 | 1.3467 | 1.3501 | 1.3153 | 33.34 | -0.0020 |
| USD/CHF – U.S. Dollar / Swiss Franc | USDCHF | 0.8026 | 0.5764 | 0.7001 | 0.8038 | 0.4279 | 1.2195 | -2.2126 | -11.1421 | -6.0825 | 0.8011 | 0.8047 | 0.8408 | 69.75 | -0.0004 |
| AUD/USD – Australian Dollar / U.S. Dollar | AUDUSD | 0.6578 | -0.1518 | -0.3045 | -0.4947 | 0.3585 | 0.6441 | 5.6979 | 5.7556 | -2.6347 | 0.6548 | 0.6532 | 0.6415 | 37.66 | 0.0009 |
| USD/CAD – U.S. Dollar / Canadian Dollar | USDCAD | 1.3958 | 0.0573 | -0.0208 | 0.2478 | 0.8963 | 2.0023 | 0.0502 | -2.7304 | 2.4967 | 1.3829 | 1.3760 | 1.3988 | 81.89 | 0.0043 |
| NZD/USD – New Zealand Dollar / U.S. Dollar | NZDUSD | 0.5775 | -0.4825 | -0.7647 | -0.3622 | -1.9308 | -3.7244 | 0.4717 | 2.3988 | -5.7682 | 0.5886 | 0.5949 | 0.5845 | 27.52 | -0.0029 |
| DXY – US Dollar Index | DXY | 99.03 | 0.1760 | 1.3406 | 1.3509 | 1.6213 | N/A | N/A | N/A | N/A | 98.07 | 98.07 | 98.07 | 69.18 | 0.1090 |
## Charts
## Technical Analysis
In the current technical landscape of G7 currency pairs, notable signals emerge from RSI, MACD, and moving average crossovers.
Starting with EUR/USD, the RSI at 28.75 indicates an oversold condition, suggesting potential for a corrective bounce. However, the MACD remains marginally negative, reflecting bearish momentum. A close above the MA50 at 1.1684 could signal a reversal.
Conversely, USD/JPY exhibits strong bullish momentum, characterized by an RSI of 73.74 and a positive MACD of 0.6965. The price is well above its MA50, MA100, and MA200, indicating sustained strength. Traders may consider pullbacks to enter long positions.
GBP/USD’s RSI at 33.34 and negative MACD signal a bearish trend, with potential support at the MA200 of 1.3153. A break below this level could prompt further selling.
For USD/CHF, the RSI at 69.75 is approaching overbought territory, while the MACD is slightly negative. Traders should watch for a potential reversal near the MA100 at 0.8047.
USD/CAD’s RSI at 81.89 indicates an overbought condition, with a strong MACD. Caution is advised here as corrections could occur.
Finally, the DXY shows bullish momentum with an RSI of 69.18 and MACD at 0.1090, suggesting continued strength in the dollar. Overall,
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