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

 

[zForex]

Markets React to Shutdown and Fed Cut Bets (10.06.2025)

Global markets opened the week cautiously as the prolonged U.S. government shutdown entered its second week, weighing on sentiment and driving safe-haven demand.

The euro held near $1.17 as traders priced in further Federal Reserve rate cuts, while the yen weakened after Japan’s leadership shift revived stimulus expectations. Gold surged past $3,930 to a record high, while silver jumped to levels unseen since 2011. The pound edged lower as the dollar regained strength, though Fed easing expectations limited further losses.

Technical Outlook on Charts
Euro Steady as U.S. Shutdown Extends
Yen Nears 150 After Pro-Stimulus Leadership Win
Gold Breaks $3,900 as Traders Flock to Safety
GBP/USD Opens Lower on Firm Dollar
Silver Surges to 2011 Levels as Fed Cut Bets Rise

 

[zForex]

Markets Shift on Political Upheaval and Fed Cut Bets (10.07.2025)

The euro fell to around $1.1705 after French Prime Minister Sébastien Lecornu and his cabinet abruptly resigned, sparking renewed political uncertainty in Europe.

Meanwhile, the yen weakened toward 150.5 per dollar as Japan’s new pro-stimulus leader Sanae Takaichi took office, reinforcing expectations of looser fiscal policy. Gold approached record highs near $3,970 on safe-haven demand amid global unrest and U.S. rate-cut expectations, while silver surged to its highest level since 2011 above $48.3 per ounce. The pound edged lower to $1.3470 as investors weighed persistent U.K. inflation and cautious BoE signals.

Technical Outlook on Charts
Euro Falls After French PM Resigns
JPY Falls as Pro-Stimulus Leader Takes Office
Gold Nears Record on Fed Cut Bets and Global Unrest
GBP/USD Pulls Back, Supported by BoE’s Inflation Caution
Shutdown Uncertainty Lifts Silver

 

[zForex]

Global Markets Shift as Gold Tops $4,000 (10.08.2025)

The euro slipped to around $1.1620 as political turmoil in France continued to pressure sentiment, while the yen fell past 152 per dollar after weak wage data reduced hopes for Bank of Japan tightening.

Gold extended its record-breaking rally beyond $4,000 amid global uncertainty, though overbought conditions hinted at a possible pullback. Sterling eased to $1.3390 on renewed BoE rate cut expectations, and silver steadied near multi-year highs, with technical indicators suggesting caution despite the ongoing uptrend.

Technical Outlook on Charts
Euro Slips on French Political Turmoil
Weak Pay Growth Pushes Yen to Lowest
Gold Rally Extends Beyond $4,000 Amid Global Uncertainty
GBP/USD Slips to 1.3390 Amid Rate Cut Expectations
Silver Steady at Highs, RSI Warns of Caution Ahead

 

[zForex]

Markets Rise on Renewed U.S.–China Tensions (10.13.2025)

The euro held around 1.1620 as investors balanced U.S.–China tariff uncertainty and the prolonged U.S. government shutdown.

The yen weakened toward 152 amid calmer trade sentiment, while gold surged above $4,040, approaching record highs on renewed safe-haven demand. Sterling steadied near 1.3345 as mixed policy signals from the BoE and Fed limited volatility. Meanwhile, silver rallied past $51, supported by geopolitical risks, tightening supply, and expectations of further Fed rate cuts.

Technical Outlook on Charts
EUR/USD Steadies amid U.S.–China Tariff Uncertainty
JPY Slips Toward 152 amid Calm Trade and Political Shifts
Gold Tops $4,040 on Safe-Haven Demand
Pound Little Changed amid Shutdown and Trade Risks
Silver Rallies Past $51 as Geopolitical Risks Rise

 

[zForex]

Markets Driven by Political Risks and Safe-Haven Surge (10.14.2025)

The euro held near $1.16 as France faced a key budget vote amid political divisions, while easing U.S.–China tensions provided limited relief.

The yen weakened toward 152.3 after coalition rifts clouded Japan’s political outlook. Gold soared to a record $4,150 as investors sought safety amid renewed tariff threats and the ongoing U.S. shutdown. Meanwhile, sterling slipped ahead of the U.K. budget announcement, and silver surged above $53, supported by global unrest, supply tightness, and rising Fed cut expectations.

Technical Outlook on Charts
Euro Holds as France Faces Budget Test
Yen Slides as Coalition Rift Clouds Outlook
Gold Surges as U.S.–China Risks Mount
GBP Drops Before Reeves’ Budget Address
Silver Soars Above $53 on Safe-Haven Rush

 

[zForex]

Markets React to Powell’s Dovish Tone (10.15.2025)

The euro advanced to 1.1623 after Fed Chair Jerome Powell’s cautious remarks weighed on the U.S. dollar, while France’s suspension of pension reforms eased political risk.

The yen firmed near 151 as investors sought safety amid Japan’s political uncertainty and escalating U.S.–China trade tensions. Gold soared to a record $4,180 per ounce, driven by Fed rate-cut expectations and geopolitical risks, while silver extended gains above $52 as supply shortages deepened. Meanwhile, sterling recovered above 1.33, supported by growing speculation of gradual BoE easing amid softer UK labor data.

Technical Outlook on Charts
Euro Rises as Powell Turns Cautious
Yen Firms Near 151 on Political Uncertainty
Gold Hits Record $4,180 on Fed Cut Bets
GBP/USD Recovers as BoE Cut Bets Build
Silver Extends Gains as Lease Rates Surge in London

 

[zForex]

Softer Fed Tone and Supply Strains Lift Metals (10.16.2025)

The euro climbed above $1.16 on Thursday as easing French political tensions and a weaker U.S. dollar lifted sentiment.

The yen strengthened for a third day amid political uncertainty in Japan and safe-haven demand, while gold surged to a record $4,230 on dovish Fed comments and renewed U.S.–China friction. Sterling regained ground above 1.34 following softer signals from both the Fed and BoE, and silver traded near all-time highs above $53, driven by tight global supply and strong industrial demand.

Technical Outlook on Charts
Euro Rebounds Above $1.16 on Softer U.S. Dollar
Yen Climbs for Third Day as Dollar Weakens
Gold Hits Record $4,230 on Dovish Fed Signals
Sterling Gains After Fed, BoE Tone Turns Softer
Silver Holds Near All-Time High Amid Supply Deficit

 

[zForex]

Markets Steady as France’s Downgrade Weighs on Optimism (10.21.2025)

The euro held above $1.165 on Tuesday, resilient despite France’s S&P downgrade to A+ amid improved global sentiment and a weaker U.S. dollar.

The yen slipped toward 150.5 as risk appetite strengthened before Japan’s leadership vote, while gold hovered near record highs above $4,340 on renewed Fed rate-cut expectations.

The pound stayed firm after a modest UK GDP rebound, and silver steadied below $52.40 after profit-taking paused its sharp rally.

Technical Outlook on Charts
Euro Steady Above $1.165 Despite France’s S&P Cut
Yen Falls as Risk Appetite Improves
Gold Firms as Rate-Cut Bets, Uncertainty Persist
GBP Steady After UK GDP Rebound in August
Silver Steadies Below $52.40 After Sharp Selloff

 

[zForex]

Euro Weakens and Safe-Haven Demand Eases (10.22.2025)

The euro slipped to $1.16 on Wednesday ahead of the ECB’s pre-meeting quiet period, as investors looked for clues on future monetary policy.

The U.S. dollar strengthened modestly amid improving sentiment and optimism that the U.S. government shutdown could soon end. The yen weakened beyond 152 after Japan’s historic leadership vote brought policy uncertainty, while gold and silver fell sharply as easing U.S.–China tensions reduced safe-haven demand. The pound also retreated after UK borrowing data exceeded expectations, reinforcing concerns about fiscal policy.

Gold dropped 6.2% to around $4,100, its biggest one-day fall since 2013, after hitting a record $4,382 on Monday.

Technical Outlook on Charts:
Euro Weakens Before ECB Quiet Period
Japanese Yen Declines Amid Political Developments
Gold Slides to $4,100 as Dollar Strengthens
Pound Falls as UK Borrowing Exceeds Forecasts
Silver Slides as Safe-Haven Demand Eases

 

[zForex]

Gold Loses Ground, Yen Weakens (23.10.2025)

The euro slipped below $1.16 ahead of delayed U.S. inflation and European PMI figures, while the dollar stayed firm on renewed optimism over U.S.-China trade talks.

Gold fell below $4,090 per ounce after its steepest drop in a decade as profit-taking and stronger risk appetite weighed on demand. Despite the recent pullback, gold remains up 60% year-to-date, supported by expectations of further Federal Reserve stimulus and ongoing geopolitical risks.

Technical Outlook on Charts:
Euro Slips Below $1.16 as Dollar Strengthens
Takaichi’s Fiscal Push Pressures Yen
Gold Extends Losses as Risk Appetite Rises
Pound Declines on Weak Inflation Data
Silver Slides as Focus Shifts to Risk Assets

 

[zForex]

Steady Markets Ahead of U.S. Inflation Data (10.24.2025)

The euro hovered near $1.1620 on Friday as investors awaited key U.S. inflation data expected to show headline and core CPI above 3%.

The dollar firmed slightly, while the yen weakened beyond 152 amid expectations of fresh fiscal stimulus under Japan’s new leadership.

Gold and silver rebounded on renewed geopolitical tensions, with traders eyeing U.S.–China developments.


Technical Outlook on Charts:
Euro Steady Ahead of Key U.S. Inflation Data
Yen Weakens Past 152 on Stimulus Hopes
Gold Gains Ahead of U.S. Inflation Report
Pound Falls as Soft Inflation Fuels BoE Cut Bets
Silver Rebounds on Rising Tensions

 

[zForex]

Markets Gain as Trade Optimism Lifts Sentiment (10.27.2025)

The euro extended gains for a fourth session, trading near $1.1640 on Monday as ECB comments signaled confidence in current policy.

Risk appetite improved globally after reports of progress in U.S.–China trade talks, with President Trump and Xi Jinping expected to meet next week. The yen weakened toward 153, gold and silver slipped as safe-haven demand eased, and the pound found support above $1.33 ahead of key U.S. and U.K. events.

Technical Outlook on Charts:
Euro Rises for Fourth Day as ECB Signals Stability
Yen Slips as Trade Deal Hopes Lift Dollar
Gold Extends Losses as Trade Talks Ease Tensions
Sterling Finds Support Above 1.33 Before Key Events
Silver Steadies Near $48.30 amid Risk Appetite

 

[zForex]

Traders Await Key Economic Data in Steady Markets (10.28.2025)

The euro held near $1.16 on Tuesday, showing limited movement as markets awaited major data releases. Optimism over progress in U.S.–China trade talks supported sentiment ahead of the Trump–Xi meeting, while the ECB is expected to keep rates unchanged.

The yen strengthened to 152 amid trade and defense discussions, gold and silver stayed under pressure as risk appetite improved, and the pound rebounded ahead of the Fed’s rate decision. Investors now focus on Eurozone GDP, inflation, and the Fed’s policy outlook.

Technical Outlook on Charts
Euro Steady Near $1.16 Ahead of Key Data
Yen Firms to 152 Ahead of Takaichi–Trump Talks
Gold Stays Near Two-Week Low
GBP/USD Rebounds Ahead of Fed Rate Decision
Silver Holds Lower on U.S.–China Deal Progress

 

[zForex]

Gold Rebounds Before Fed Decision (10.29.2025)

The yen strengthened beyond 152 per dollar for a second session ahead of the BOJ’s policy decision, with policymakers debating the timeline for rate hikes with easing trade risks and sticky inflation.

The euro traded steady near $1.16 as markets entered a high-stakes week featuring global trade talks, central bank meetings, and key Eurozone data. The ECB is expected to hold rates, while the Fed is set to cut, highlighting diverging policy paths.

Gold rebounded to $3,970 per ounce, supported by expectations of a Fed rate cut and progress in U.S.-China trade negotiations. The metal remains up nearly 50% year-to-date, underpinned by central bank demand and inflation concerns.

Technical Outlook on Charts
Euro Steady Before Key Trade Talks
Yen Strengthens with Policy Debates
Gold Rebounds Before Fed Rate Decision
Pound Slides to Three-Month Low
Silver Extends Losses with Fed Outlook

 

[zForex]

Dollar Gains Weigh on Euro and Pound (10.30.2025)

The euro slipped below $1.16 on Thursday after the Federal Reserve cut rates by 25 basis points and signaled no further easing this year.

The dollar strengthened broadly, pushing the pound to a five-month low near $1.32, while the yen held steady around 152.5 amid BoJ policy uncertainty. Gold and silver saw mild recoveries as investors balanced risk sentiment against lingering concerns over U.S. fiscal stability and trade relations.

Technical Outlook on Charts
Euro Slides Below $1.16 After Fed Cut
Yen Near 152.5 on Policy Uncertainty
Gold Gains on Weaker Dollar Amid Uncertainty
Pound Sinks Below $1.32 on Fiscal Concerns
Silver Eases Slightly After Hitting $48 Barrier

 

[zForex]

Dollar Strength Still Weighs on Euro and Pound (10.31.2025)

The euro held near 1.1550 on Friday after two days of declines, struggling to gain traction as the U.S. dollar consolidated near multi-month highs following the Fed’s hawkish tone.

The yen strengthened modestly on upbeat Tokyo inflation and retail data, while the pound slid below $1.32 amid renewed fiscal concerns. Gold slipped as risk appetite improved, though uncertainty from the prolonged U.S. government shutdown provided some support. Silver stayed firm near $49, maintaining momentum despite easing Fed cut expectations.

Technical Outlook on Charts
EUR/USD Holds Near 1.1550 Despite Mild Buying
Yen Gains as Tokyo Inflation and Retail Sales Rise
Gold Slips as Strong Dollar Caps Gains
Stronger Dollar and Budget Fears Weigh on Pound
Silver Holds Near $49 as Fed Cut Odds Ease