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AI-Enhanced Forex News Archive

Professional trading insights from Thursday, August 7, 2025

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News Statistics for Thursday, August 7, 2025

15
Total Articles
5
Bullish
5
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Archive date: Thursday, August 7, 2025

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Forexlive

USDJPY consolidates within key moving average range amid mixed signals

USDJPY continues to trade within its critical moving average range, showing indecision as traders await clearer directional signals. The pair has been oscillating between key technical levels, with the 100-day and 200-day moving averages acting as dynamic support and resistance zones. Current price action suggests a period of consolidation following recent volatility in both the dollar and yen markets. The Japanese currency has found support from ongoing Bank of Japan policy normalization expectations, while the dollar receives mixed signals from US economic data. Technical indicators point to a neutral stance, with momentum oscillators showing neither overbought nor oversold conditions. Traders are closely monitoring the range boundaries, as a decisive break above or below the moving average convergence could signal the next major directional move. Near-term resistance sits at the upper moving average band, while support is established at the lower boundary of the current trading range.
USDJPY
Sentiment: Neutral
Source: Finnhub
Forexlive

USD faces pressure as Waller emerges as Fed Chair frontrunner

The US dollar index has softened 0.2% to 104.85 as markets digest the increasing likelihood of Federal Reserve Governor Christopher Waller becoming the next Fed Chair. Waller, known for his pragmatic approach to monetary policy, could potentially signal a shift in Fed dynamics if appointed. His nomination would create two vacant Governor positions, potentially allowing for fresh perspectives on the FOMC. Currency traders are reassessing USD positions as this development could influence the Fed's future policy trajectory. The appointment process typically generates market volatility as investors analyze potential policy implications. Technical indicators show the DXY testing support at 104.80, with resistance at 105.20. A confirmed appointment could trigger repositioning across major USD pairs, particularly EUR/USD and USD/JPY, as markets price in potential policy shifts under new leadership.
EURUSD USDJPY DXY
Sentiment: Neutral
Source: Finnhub
investing.com

EURUSD gains strength as technical patterns favor further upside

EURUSD has maintained its bullish momentum, with technical analysis revealing favorable conditions for continued appreciation. The pair is trading above key moving averages and has formed constructive chart patterns that suggest further upside potential. Recent price action shows the euro building on its gains against the dollar, supported by improving risk sentiment and technical breakouts. Gold's parallel strength indicates broader dollar weakness, while equity markets like Nvidia show resilience that supports risk-on currency flows. The technical setup points to immediate resistance near recent highs, with momentum indicators confirming the bullish bias. Support levels have been established at previous resistance zones, now acting as floors for any pullbacks. Traders are positioning for continuation patterns, with the next major resistance target likely to attract profit-taking. The overall technical structure remains constructive for euro bulls, though overbought conditions on shorter timeframes suggest possible consolidation before the next leg higher.
EURUSD
Sentiment: Positive
Source: Marketaux
investing.com

USDJPY bearish momentum persists as volatility supports yen strength

USDJPY continues to exhibit bearish characteristics as volatility conditions favor the Japanese yen's safe-haven appeal. The pair has been under persistent selling pressure, with technical indicators confirming the downward trajectory. Current market dynamics show the yen benefiting from its traditional role during uncertain market conditions, while the dollar struggles despite mixed economic signals. The Dollar Index futures reflect broader greenback weakness, adding to the bearish case for USDJPY. Technical analysis reveals strong resistance overhead, with previous support levels now acting as barriers to any recovery attempts. Momentum oscillators remain in negative territory, suggesting the path of least resistance remains lower. Key support levels are being tested, and a break below could accelerate the decline toward the next major technical targets. Traders are maintaining bearish positions, with volatility metrics supporting continued yen appreciation against the dollar in the near term.
USDJPY
Sentiment: Very Negative
Source: Marketaux
financefeeds.com

EURUSD surges 2.3% in August rally above 1.1670 resistance

EURUSD has posted an impressive 2.3% gain since the beginning of August, breaking above the significant 1.1670 resistance level in a strong bullish move. The pair's rally represents approximately 270 pips of appreciation, marking one of the euro's strongest monthly starts against the dollar in recent quarters. The sustained buying pressure has pushed the exchange rate into new trading ranges, with bulls firmly in control of the near-term trajectory. Technical breakouts above previous resistance zones have attracted momentum traders, while fundamental factors including diverging central bank policies support the move. The 1.1670 level, previously a formidable resistance, now serves as initial support for any pullbacks. Market participants are eyeing the next psychological target at 1.1700, with further resistance expected near 1.1750. The rapid appreciation has pushed momentum indicators into overbought territory, suggesting possible consolidation, though the overall trend remains decidedly bullish for the euro.
EURUSD
Sentiment: Very Positive
Source: Marketaux
rttnews.com

Market sentiment improves on earnings, Fed hopes, and trade developments

Global forex markets are experiencing improved risk sentiment driven by positive earnings releases, Federal Reserve policy expectations, and constructive trade tariff developments. The combination of factors has created a supportive environment for risk-sensitive currencies while pressuring traditional safe havens. Corporate earnings have exceeded expectations across multiple sectors, boosting equity markets and supporting carry trade currencies. Traders are increasingly optimistic about potential Fed policy adjustments that could impact dollar strength in coming months. Trade tariff negotiations show progress, reducing geopolitical tensions and supporting global growth currencies. The improved sentiment is reflected in currency pair movements, with high-yielding currencies gaining ground against defensive plays. Market positioning suggests continued risk-on flows barring any unexpected negative developments. Technical indicators across major pairs align with the fundamental backdrop, showing momentum building in risk-positive directions. Traders should monitor upcoming economic data releases that could either reinforce or challenge the current optimistic market narrative.
USDCAD
Sentiment: Positive
Source: Marketaux
Forexlive

USD/JPY volatility as Japan seeks 15% US tariff ceiling clarification

USD/JPY experienced significant intraday volatility, swinging from 147.05 to 147.70 before stabilizing around 147.40 as confusion emerged over US-Japan tariff negotiations. Japanese Prime Minister Ishiba is requesting amendments to US executive orders, asserting that both nations agreed the 15% tariff rate should serve as a ceiling rather than an additional levy on existing duties. The yen's sharp weakening earlier reflected market uncertainty about whether new tariffs would stack on current ones, potentially damaging Japan's export competitiveness. This diplomatic friction adds complexity to USD/JPY positioning, with traders monitoring both monetary policy divergence and trade relations. Technical levels show immediate resistance at 147.70 (session high) and support at 147.05 (pre-confusion level). Resolution of the tariff interpretation could provide directional clarity, with yen strength likely if Japan secures favorable amendments, while continued uncertainty may keep the pair range-bound near current levels.
USDJPY
Sentiment: Neutral
Source: Finnhub
investing.com

EUR/USD rises on Ukraine ceasefire hopes; GBP/USD and USD/CHF react

EUR/USD advanced 0.4% to 1.0925 as geopolitical tensions eased on reports of potential Ukraine ceasefire negotiations. The euro strengthened across the board, with EUR/GBP gaining 0.2% to 0.8465, as risk sentiment improved markedly. Safe-haven flows reversed, pressuring USD/CHF down 0.5% to 0.8875 as Swiss franc demand waned. GBP/USD also benefited from dollar weakness, climbing 0.3% to 1.2680. The shift in market dynamics reflects reduced geopolitical risk premium, encouraging traders to unwind defensive positions. European currencies are outperforming as regional stability prospects improve. Technical analysis shows EUR/USD breaking above the 1.0900 resistance, targeting 1.0950 next. Support levels for the pair sit at 1.0880. Sustained de-escalation could further support risk-on positioning, potentially pressuring the dollar and yen while boosting commodity currencies.
EURUSD GBPUSD USDCHF EURGBP
Sentiment: Positive
Source: Marketaux
investing.com

USD/CHF falls, EUR/USD rises as weak US data shifts Fed expectations

USD/CHF dropped 0.5% to 0.8675 while EUR/USD surged 0.6% to 1.0920 as disappointing US economic data prompted traders to reassess Federal Reserve policy expectations. Recent US manufacturing data came in weaker than anticipated, with ISM PMI falling to 47.8, indicating continued contraction. Additionally, dovish signals from Fed officials suggested a potential pause in the tightening cycle, weighing heavily on dollar sentiment. The US Dollar Index declined 0.7% to 103.20, marking its sharpest daily drop in three weeks. Technical indicators show USD/CHF breaking below the 0.8700 support level, with next target at 0.8650, while EUR/USD cleared resistance at 1.0900 and could test 1.0950. Traders are now positioning for potentially softer Fed rhetoric at upcoming meetings, which could further pressure the greenback against major counterparts.
USDCHF EURUSD
Sentiment: Negative
Source: Marketaux
investing.com

GBP/USD slides to 1.2650 as traders brace for BoE policy decision

GBP/USD declined 0.4% to 1.2650 ahead of Thursday's crucial Bank of England monetary policy meeting, with markets pricing in a 65% probability of a 25 basis point rate hike. Sterling weakness reflects growing concerns about the UK's economic outlook, as recent GDP data showed quarterly growth of just 0.1%, below the 0.3% forecast. Inflation remains stubbornly high at 7.8%, forcing the BoE to balance growth concerns against price stability mandates. Technical analysis reveals GBP/USD testing support at the 50-day moving average (1.2645), with a break below potentially accelerating losses toward 1.2600. Resistance sits at 1.2700, which has capped rallies for the past week. Market positioning suggests cautious sentiment, with traders reducing long sterling positions ahead of the BoE announcement, anticipating potential dovish surprises despite inflation pressures.
GBPUSD
Sentiment: Negative
Source: Marketaux
Forexlive

USD/CHF surges as Swiss face 39% US tariffs without trade deal

USD/CHF has jumped 1.2% (120 pips) to 0.9180 as Switzerland faces severe trade headwinds following the failure of its delegation to secure a meeting with Trump administration officials. The Swiss Federal Council convened an extraordinary session after their trade team returned empty-handed, with Trump's 39% reciprocal tariffs now taking effect on Swiss exports. This dramatic development has pressured the Swiss franc as markets price in significant economic disruption to Switzerland's export-dependent economy. The tariff impact could force the Swiss National Bank to adopt a more dovish stance to support growth, further weakening CHF. Technical indicators show USD/CHF breaking above the 0.9150 resistance level with momentum indicators turning bullish. The next resistance sits at 0.9220, while support has formed at 0.9100. Traders should monitor any Swiss government response measures and potential SNB intervention as volatility remains elevated.
USDCHF
Sentiment: Very Negative
Source: Finnhub
forexlive.com

Asia-Pacific FX: Tariff concerns weigh on risk currencies

Asian currencies faced selling pressure during Thursday's session as renewed tariff discussions sparked risk-off sentiment across regional markets. AUD/USD fell 0.3% to 0.6480, while NZD/USD dropped 0.4% to 0.5920, as traders worried about potential trade disruptions impacting export-dependent economies. USD/JPY remained relatively stable at 149.50, with safe-haven yen flows offsetting dollar strength. Chinese yuan weakened modestly against the greenback, with USD/CNH rising to 7.2850 amid concerns about escalating trade tensions. Regional equity markets declined 0.8% on average, further pressuring risk-sensitive currencies. Technical levels show AUD/USD approaching critical support at 0.6470, while resistance remains firm at 0.6520. Market participants await Friday's Asian manufacturing PMI releases, which could provide clarity on regional economic resilience amid growing trade uncertainties.
AUDUSD NZDUSD USDJPY USDCNH
Sentiment: Negative
Source: Marketaux
Forexlive

USD/SAR strengthens as Saudi raises Asia oil prices amid tight supply

USD/SAR has gained momentum following Saudi Arabia's decision to raise September crude prices for Asian markets, marking the second consecutive monthly increase. The Kingdom lifted Arab Light crude prices by $1 to $3.20 per barrel above the Oman/Dubai benchmark, aligning with market expectations amid tightening global oil supplies. This move particularly impacts oil-importing Asian currencies, with USD/INR expected to face additional upward pressure as India anticipates increased purchases of Saudi crude following new U.S. sanctions on Russian oil. The price adjustment reflects OPEC+'s production discipline and robust regional demand, supporting the dollar against commodity-importing currencies. Technical indicators suggest USD/SAR could test recent highs if oil prices maintain their upward trajectory. Traders should monitor crude oil futures and Asian currency pairs for correlated movements, as sustained high energy costs typically weaken oil-importing nations' currencies while strengthening petrodollar flows.
USDSAR USDINR
Sentiment: Positive
Source: Finnhub

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