Weekly Forecast
The EUR/USD pair ends the week with modest gains at around 1.1580 after falling to 1.1468, its lowest in over three months. The US Dollar (USD) maintained its positive tone throughout the first half of the week, but changed course on Thursday, although with modest downward strength.
The Pound Sterling (GBP) extended its downtrend and reached seven-month lows near 1.3000 against the US Dollar (USD), before GBP/USD buyers quickly jumped in and recovered some ground.
Bitcoin (BTC) price continues to trade in red, below $101,000 at the time of writing on Friday, having dropped more than 8% so far this week. The decline comes amid mounting selling pressure from long-term holders, who continue to offload their positions.
Despite a promising start to the week, the upside impulse in the US Dollar (USD) fizzled out in the second half of the week, leaving it with modest losses when looking at the weekly chart.
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In-Depth Analysis
In September, inflation rebounded slightly in the United States, the Eurozone and Japan, while remaining stable in the United Kingdom. In the United States, the inflationary impact of tariffs has so far been contained.
The Fed eased its monetary policy, with two expected announcements: the end of the central bank's balance sheet reduction process from 1st December; and a second straight cut (-25 bp) in the Fed Funds target, without unanimity, bringing it to +3.75% - +4.0%, due to downside risks in the labour market.
