The forex market remains highly volatile, driven by shifting central bank policies, economic data, and geopolitical developments. Traders should closely monitor USD weakness across key pairs, particularly EUR/USD, GBP/USD, USD/CAD, and USD/JPY. EUR/USD leads with strong bullish momentum due to hawkish ECB signals and soft US labor data. GBP/USD is stabilizing, supported by rising Fed rate cut expectations. While USD/CAD also faces downside pressure from US economic weakness, Canada’s fragile economy limits CAD upside. USD/JPY ranks weakest, weighed down by US jobless claims and potential Bank of Japan policy shifts. Key risks include unexpected US data and global sentiment changes, especially impacting commodity and risk-sensitive currencies. With high volatility expected around upcoming central bank meetings, traders are advised to stay agile and data-driven.