Daily Global Market Overview By zForex

[zForex]

Fed Cut Bets Lift Euro and Metals (09.29.2025)

The U.S. dollar weakened in Monday’s Asian session, fueling gains across major currencies and precious metals. EUR/USD climbed near 1.1720, supported by strong expectations for further Fed easing after August’s inflation data.

The yen firmed to 149 amid U.S. shutdown concerns, while the pound edged up to 1.3415 on dollar softness. In commodities, gold broke above $3,800, hitting fresh records, and silver surged to a 14-year high of $46.64, both buoyed by rate cut bets and safe-haven demand.

Technical Outlook on Charts
EUR/USD Extends Gains as Fed Cut Bets Rise
Yen Strengthens on U.S. Shutdown Fears
Gold Breaks $3,800 on Fed Cut Bets
Pound Rises to 1.3415 on Fed Cut Bets
XAG/USD Hits 14-Year High on Fed Cut Bets

 

[zForex]

Fed–ECB Divergence & Shutdown Risks Mix Markets (09.30.2025)

The euro slipped below $1.1720 in late September, pressured by diverging monetary outlooks as the Fed is expected to deliver more rate cuts while the ECB holds steady.

The Japanese yen softened near 148.7 per dollar amid uncertainty over the BoJ’s policy stance, while sterling firmed to $1.343 following fiscal pledges from UK Chancellor Rachel Reeves. In commodities, gold surged to a record $3,850 and silver hovered near $47, both strengthened by safe-haven demand as U.S. government shutdown risks intensified and investors priced in additional Fed easing.

Technical Outlook on Charts
EUR/USD Retreats as Fed and ECB Diverge
Japanese Yen Softens Amid Policy Uncertainty
Record Gold Rally as Shutdown Worries
Pound Rises to $1.3430 After Reeves’ Fiscal Pledge
Silver Holds Near $47 on Shutdown Risks

 

[zForex]

Shutdown Fears Continue with a Softer Dollar (10.01.2025)

The euro climbed to $1.1740 after stronger inflation data from the Eurozone’s largest economies suggested delayed ECB easing, while the yen held near 148 per dollar despite U.S. tariff concerns.

Gold traded close to record highs at $3,870, supported by safe-haven demand amid U.S. government shutdown risks, while silver hovered near $47 as Fed cut bets strengthened following solid U.S. labor data. Sterling advanced toward $1.3440 on stronger UK growth, extending its three-day rally as the dollar softened.

Technical Outlook on Charts
Euro Rises to $1.1740 on Strong Inflation Data
Yen Holds Gains Despite U.S. Tariff Concerns
Gold Near Record as Shutdown Risks Lift Demand
Stronger UK Growth Lifts Pound to 1.3440
Silver Holds Near $47 on Fed Cut Bets

 

[zForex]

Dollar Weakens on Jobs Miss and Shutdown (10.02.2025)

The euro held firm near $1.1735 after weaker U.S. jobs data and ongoing government shutdown pressures weighed on the dollar. The yen steadied around 147 per dollar following a four-day rally, while speculation about future BOJ tightening kept investors cautious.

Gold hovered close to record highs above $3,870Ü as safe-haven demand persisted, and silver traded near $47.20 amid expectations of another global supply deficit. Sterling extended its rally above $1.3470, supported by steady BoE policy and a softer U.S. dollar.

Technical Outlook on Charts
Euro Holds Firm as U.S. Jobs Miss and Shutdown
USD/JPY Steady After Four-Day Yen Rally Amid Political Impasse
Gold Steadies Close to Record Highs
Sterling Supported by Steady BoE Policy
Silver Holds Near $47.20 as Supply Deficit Looms