The current forex market shows modest volatility, driven by economic data, central bank policies, and global geopolitical developments. Traders should remain cautious, as sentiment is mostly neutral to slightly bearish across major currency pairs—except EUR/USD, which holds a neutral to slightly bullish outlook. EUR/USD leads the pack, supported by hawkish ECB messaging and weakening US labor data. USD/JPY holds second place, with gains capped by US stagflation concerns and BOJ uncertainty. GBP/USD and USD/CAD trail due to broad USD strength and fragile domestic conditions. Key risks include the deteriorating US labor market and potential global economic slowdown, with central bank decisions likely to trigger further volatility. Traders are advised to closely monitor economic updates, remain flexible with positions, and diversify to manage risk.
Now I am watching EUR/USD.
There is always a risk in trading.
I will watch USD/JPY.
There is also an opportunity to earn here.
Thank you for your response, How long have you been trading?