Forex Market Update

[Mdraghib]

• USD on the back foot ahead of key U.S. data + possible government shutdown.
• INR found some relief after hitting record lows last week, trading around ₹88.62–88.64. RBI decision in focus.
• USD/JPY touched 149.95, strong momentum but watch support at 147.75.
• USD/CHF hovering near 0.8000, could slip toward 0.7865 before bouncing.
• AUD/NZD still weak, Aussie near 3-week lows.

Big events ahead: U.S. NFP, ISM reports, Eurozone CPI. Expect volatility.

 

[borzy]

Weeks like this punish traders who react to every headline too fast. I prefer to mark key levels first on my HFM charts, then wait for the data reaction, because the first move is often not the clean move