25.10.2021 Market Report

EUR/USD

In the view of the analysts at JP Morgan, EUR/USD is foreseen at 1.1400 by December and 1.1200 next year.

GBP/USD

GBP/USD remains firm on the first trading day of the week in the early European session. The pair managed to gather momentum following the previous two session’s fall-off.

USD/JPY

USD/JPY moves lower for the fourth straight day on Monday following the consistent downward pressure on the US dollar.

AUD/USD

AUD/JPY edges higher on Monday following the previous session’s downside momentum.

NZD/USD

NZD/USD holds in the daily support area and consolidates.

USD/CAD

USD/CAD struggles to defend rebound from four-month low.

USD/CHF

USD/CHF manages to start the fresh trading week on a higher note.

CRUDE OIL

WTI rises to the fresh high since October 2014, sidelined of late.

GOLD

The focus shifts to US GDP while XAU/USD bears and bulls fight over $1,800. Analyst Eren Sengezer expects gold to head towards $1,825 before $1,840 on a break above the aforementioned $1,800 resistance.

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