The forex market shows mixed trends as the USD weakens on Fed rate cut expectations & political uncertainty.
- USD/JPY (8/10): Range-bound at 146.40–148.40 as JPY strengthens.
- EUR/USD (7/10): Modest rally from USD weakness; capped by mixed Eurozone data.
- GBP/USD (6/10): Gains supported by USD weakness, but limited by UK uncertainties.
- AUD/USD (5/10): Strength from domestic data, upside capped by global risks.
Risks to Watch:
Global trade uncertainties
US political developments
Volatility from US inflation & Fed commentary
Recommendation: Focus on USD/JPY and EUR/USD, manage positions cautiously, and set protective stop-losses amid high volatility.