Daily Market Analysis By zForex

[zForex]

Cautious Mood as Powell, Inflation Data, and Trade Talks Loom (09.01.2025)​

The EUR/USD supported by Fed rate cut bets after weak U.S. payrolls and softer ISM services data. Eurozone Q2 GDP rose 0.1% and inflation held at 2%, keeping ECB policy steady after eight cuts since 2022.

Markets now focus on Powell’s Jackson Hole speech, U.S. inflation data, and U.S.–China trade talks, while geopolitical developments around Ukraine remain central to risk sentiment.

Technical Outlook on Charts​

EUR/USD Near 1.1705 on Fed Cut Bets
USD/JPY Higher on Eased BoJ Hike Expectations
Safe-Haven Flows Lift Gold to Multi-Month High
Pound Gains as Markets Expect Fed Easing
Silver Surges Above $40, Highest Since 2011

 

[zForex]

Safe-Haven Demand Lifts Metals Amid Mixed Markets (09.02.2025)​

Precious metals rallied strongly, with silver surging 2% above $40/oz, its highest since 2011, on expectations of a Fed rate cut. San Francisco Fed President Mary Daly backed easing, while a U.S. court ruling against Trump-era tariffs and China’s 70% jump in solar exports added support.

The dollar weakened broadly, lifting the euro above $1.17 for its strongest since late July and keeping the pound above $1.35, its highest since mid-August. Concerns over Fed independence weighed further after a court hearing on Trump’s attempt to remove Governor Cook.

Markets remain focused on upcoming U.S. labor data, which will guide the Fed’s next move and shape global sentiment.

Technical Outlook & Support Resistance Levels​

EUR/USD Slips to 1.1695 on Dollar Strength

USD/JPY Near 147.85 as Yen Weakens

XAU/USD Extends Rally on Fed Cut Bets

GBP/USD Slips to 1.3520 as Dollar Firms

Silver Rallies for Fifth Session, Nears $41

 

[zForex]

Markets Cautious as Fiscal and Policy Risks Mount (09.03.2025)​

On September 3, markets traded cautiously as monetary and fiscal signals drove sentiment. The euro slipped toward $1.16, pressured by surging French and German 30-year yields, their highest since the 2011 debt crisis. Germany’s plan for nearly €500 billion in new debt through 2029 raised fresh fiscal worries.

The yen weakened past 147.5 per dollar as investors awaited wage data for Bank of Japan guidance. Governor Ueda pointed to rising wage growth in a tight labor market, though tariff risks kept policy expectations uncertain.

Gold stayed above $3,530, near record highs, supported by Fed easing bets and safe-haven demand. Silver held around $40.7, close to 2011 peaks, after a 2% jump. Markets priced a 90% chance of a September Fed cut, with Fed’s Daly backing easing if labor risks intensify.

The pound fell below $1.34, its weakest since early August, as 30-year gilt yields hit their highest since 1998. Fiscal concerns mount, with expectations that Chancellor Reeves may introduce new tax measures in the Autumn Budget.

Overall, investors remain highly reactive to central bank moves, fiscal policies, and geopolitical risks, reinforcing a cautious market tone.

Technical Outlook on Charts​

EUR/USD Weakens as Yields Support USD Demand
USD/JPY Climbs to One-Month High Amid Yen Weakness
Gold Hits Record High Ahead of US Jobs Data
GBP/USD Pressured by UK Fiscal Concerns
Silver Consolidates After Reaching 14-Year Peak

 

[zForex]

Dollar Weakness Supports FX and Metals (09.04.2025)​

The dollar softened after weak US labor data, keeping the euro above $1.16 and the pound over $1.34 despite UK fiscal concerns.

The yen also firmed past 148 as the BoJ stuck with its tightening outlook. Gold steadied near $3,540 after a strong rally, while silver eased 1% to $40.5/oz on profit-taking but remained underpinned by Fed cut bets. Attention now turns to Friday’s payrolls for the next key signal.

Euro Steady on Weak US Jobs Data
Yen Strengthens Past 148 as Dollar Softens
Gold Holds at $3,535 Despite Paused Rally
Pound Above $1.34 with Autumn Budget Risks
Silver Slips from $40.50 After 14-Year Highs

 

[zForex]

Dollar Softens as Euro, Metals Rise Ahead of U.S. Jobs Data (09.05.2025)​

Markets traded cautiously in Friday’s Asian session ahead of the key U.S. Nonfarm Payrolls report. The euro rebounded to 1.1670 as traders awaited Eurozone Q2 GDP, with expectations of 1.4% YoY growth, while the U.S. dollar weakened on rising Fed cut bets after soft labor data.

The yen held near 148.50, with focus on NFP for confirmation of labor market cooling. Gold stayed near record highs at $3,352, supported by safe-haven demand, while silver advanced to $40.85, both underpinned by expectations of Fed easing. The pound steadied above $1.34, though fiscal uncertainty limited upside.

Technical Outlook and Support Resistance Levels​

Euro Gains Ahead of GDP, Dollar Softens
USD/JPY Holds 148.50 Ahead of NFP
Gold Holds Near Record Highs Ahead of NFP
Pound Steadies Above $1.34 Ahead of NFP
Silver Rises Ahead of U.S. NFP Report