Daily Market Analysis By zForex

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1036

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

Economic Calendar

Time Cur. Event Forecast Previous
14:00 USD New Home Sales (Sep) 710K 800K
14:30 USD Crude Oil Inventories -0.400M -0.961M
18:00 USD FOMC Statement
18:00 USD Fed Interest Rate Decision 4.00% 4.25%
18:30 USD FOMC Press Conference
1037

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

Economic Calendar

Time Cur. Event Forecast Previous
03:00 JPY BoJ Interest Rate Decision 0.50% 0.50%
09:00 EUR German GDP (QoQ) (Q3) -0.0% -0.3%
11:00 USD New Home Sales 710K 800K
12:30 USD GDP (QoQ) (Q3) 3.0% 3.8%
13:00 EUR German CPI (MoM) (Oct) 0.2% 0.2%
13:15 EUR Deposit Facility Rate (Oct) 2.00% 2.00%
13:15 EUR ECB Interest Rate Decision (Oct) 2.15% 2.15%
13:45 EUR ECB Press Conference
1038

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

Economic Calendar

Time Cur. Event Forecast Previous
10:00 EUR CPI(YoY) 2.1% 2.2%
13:45 USD Chicago PMI(Oct) 42.3 40.6
1039

Dollar Strength Pressures Euro, Pound, and Metals (11.03.2025)

The euro fell toward $1.15, pressured by a stronger dollar and cautious ECB comments that signaled limited room for further easing. ECB officials emphasized data dependence as growth steadied and inflation softened.

Meanwhile, the yen hovered near 154 as the BOJ maintained its cautious tone, while the pound weakened below $1.32 on renewed BoE cut bets and fiscal concerns. Gold slipped below $4,000 amid trade optimism, and silver held firm near $49 as investors reassessed Fed policy expectations.

Technical Outlook on Charts
Euro Slips Toward $1.15 on Cautious ECB Outlook
Cautious BOJ Keeps Yen Under Pressure
Gold Falls Below $4,000 With Trade Optimism
Pound Slides Below $1.32 as BoE Cut Bets Rise
Silver Holds Steady Near $49 on Fed Outlook

Economic Calendar

Time Cur. Event Forecast Previous
14:45 USD S&P Global Manufacturing PMI (Oct) 52.2 52.2
15:00 USD ISM Manufacturing PMI (Oct) 49.2 49.1
15:00 USD ISM Manufacturing Prices (Oct) 62.6 61.9
17:00 USD FOMC Member Daly Speaks
1040

Dollar Weighs on Majors as ECB and BOJ Stay Cautious (11.04.2025)

The euro slipped toward $1.15, its weakest level since July, after cautious ECB remarks signaled limited room for further easing.

The yen traded near 154.3 per dollar as the BOJ maintained its restrained tone, contrasting with the Fed’s hawkish stance. Meanwhile, the pound fell to April lows below $1.32 ahead of the BoE decision, while gold dropped below $4,000 as Fed cut bets eased. Silver remained stable near $48 ahead of key U.S. data, reflecting a cautious tone across markets.

Technical Outlook on Charts
Euro Drops on ECB Caution
Yen Weakens Toward 154 as BOJ Stays Cautious
Gold Falls Below $4,000 as Fed Cut Bets Ease
Pound Slides to April Lows on Fed as Traders Await BoE Decision
Silver Steadies Around $48 Ahead of Key U.S. Data

Economic Calendar

Time Cur. Event Forecast Previous
15:00 USD JOLTS Job Opening (Sep) 7.227M
1 Like
1041

Markets Mixed as ECB Steady Tone Supports Euro (11.05.2025)

Global markets traded cautiously on Wednesday, with EUR/USD stabilizing near 1.1490 as the ECB maintained a steady policy outlook supported by firmer Eurozone data.

The Japanese yen strengthened as risk aversion increased following a pullback in global equities and renewed intervention warnings from Tokyo. Gold and silver gained on safe-haven flows amid U.S. government shutdown concerns, while the British pound hovered near $1.30 ahead of the Bank of England’s policy decision. Investors now look to U.S. ADP employment and ISM PMI data for the next directional cues.

Technical Outlook on Charts
Euro Pauses Slide on ECB Support
Yen Strengthens on Risk Aversion
Gold Gains as Shutdown Fuels Uncertainty
GBP Near $1.30 Ahead of BoE Decision
Silver Recovers as Markets Turn Cautious

Economic Calendar

Time Cur. Event Forecast Previous
13:15 USD ADP Nonfarm Employment Change (Oct) 31K -32K
14:45 USD S&P Global Services PMI (Oct) 55.2 54.2
15:00 USD ISM Non-Manufacturing PMI (Oct) 50.7 50.0
15:00 USD ISM Non-Manufacturing Prices (Oct) 69.4
15:00 USD JOLTS Job Openings (Sep) 7.227M
15:30 USD Crude Oil Inventories -6.858M
1042

Eurozone Private Sector Sees Strongest Growth Since 2023
The HCOB Eurozone Composite PMI rose to 52.5 in October 2025, beating both the flash estimate of 52.2 and September’s 51.2 figure. This marks the region’s fastest expansion since May 2023, reflecting a clear rebound from the muted growth seen earlier in the year. The services sector saw a strong acceleration, whereas manufacturing posted only a marginal improvement.

The upturn was fueled by stronger demand, with new business growing at its quickest rate in two and a half years. Employment also expanded at a 16-month high, though firms’ optimism about future output slightly weakened. Meanwhile, input cost inflation eased for the second month in a row, but output prices rose at the fastest pace in seven months, hinting at persistent price pressures in the services industry.

Producer Prices Extend Decline Amid Lower Energy Costs
Industrial producer prices in the Euro Area fell by 0.1% month-on-month in September 2025, marking a second straight decline and surprising expectations for a flat result. The drop was mainly driven by lower energy prices, which slipped 0.2% after a steeper 1.5% fall in August.

Prices for intermediate and capital goods remained steady, while durable consumer goods rebounded by 0.3% and non-durable goods edged up 0.1%. On a yearly basis, producer prices dropped 0.2%, following August’s 0.6% decline, aligning with market forecasts.

1043

Markets Hold as Fed Signals Caution; Yen Strengthens (11.06.2025)

Major currencies and commodities traded cautiously on Thursday after stronger U.S. labor and services data reduced expectations for further Fed rate cuts this year. EUR/USD steadied near 1.15 after a five-day slide, supported by the ECB’s steady guidance.

The Japanese yen strengthened above 154 as wage growth reinforced expectations that the BOJ could continue normalizing policy. Gold held near recent lows as hawkish Fed signals limited safe-haven demand, while the British pound rebounded ahead of the BoE’s decision. Silver eased after recent short-squeeze driven gains, with traders reassessing the Fed outlook.

Technical Outlook on Charts
EUR/USD Steadies After Five-Day Decline
Stronger Wage Data Lifts Yen Above 154
Gold Stalls Near Lows After Hawkish Fed Signals
Sterling Firms as Traders Await BoE
Silver Retreats After Short-Squeeze Rally

Economic Calendar

Time Cur. Event Forecast Previous
12:00 GBP BoE Interest Rate Decision 4.00% 4.00%
1044

Global Markets Split as Fed Bets Shift (11.07.2025)

Global markets were mixed on Friday as cautious central bank comments and uneven U.S. data shaped investor sentiment. The euro eased after the ECB signaled patience on rate changes, while the yen strengthened amid renewed safe-haven demand as tech stocks slumped.

Gold climbed toward $4,000 per ounce following weak U.S. labor data that revived Fed rate-cut bets. In the U.K., the pound softened after the BoE held rates at 4% with a divided vote, and silver steadied near $48 amid uncertainty over Fed policy direction.

Technical Outlook on Charts
Euro Slips on Guarded ECB Tone
Tech Selloff Improves Yen Appeal
Gold Near $4,000 as Fed Cut Bets Grow
BoE Keeps Rates at 4%, Pound Eases
Silver Pauses as Rate Cut Bets Fade

Economic Calendar

Time Cur. Event Forecast Previous
13:30 USD Average Hourly Earnings (MoM) (Sep) - 0.3%
13:30 USD Nonfarms Payrolls (Sep) - 22K
13:30 USD Unemployment Rate (Sep) - 4.3%