The euro edged higher to 1.1575 after recent declines, stabilizing despite lingering political instability in France and concerns over the prolonged U.S. government shutdown.
The yen weakened as USD/JPY climbed toward 153.05, supported by dollar strength and cautious market sentiment. Gold found renewed support near $3,960, remaining within an ascending channel after easing from record highs. Meanwhile, sterling extended losses to 1.3300 amid risk aversion, and silver advanced toward $49.70, driven by safe-haven demand and expectations of further Fed rate cuts.
| Time | Cur. | Event | Forecast | Previous |
| 12:30 | USD | Average Hourly Earnings (MoM) (Sep) | 0.3% | 0.3% |
| 12:30 | USD | Nonfarm Payrolls (Sep) | 52K | 22K |
| 12:30 | USD | Unemployment Rate (Sep) | 4.3% | 4.3% |
EUR/USD recovered toward 1.1575 during Friday’s Asian session, as traders reassessed sentiment following recent losses. Ongoing political instability in France continues to weigh on the euro, keeping downside risks in focus. Meanwhile, investors remain attentive to any signs of progress in resolving the prolonged US government shutdown.
Technically, 1.1510 is the key support, while resistance is seen at 1.1600.
| R1: 1.1600 | S1: 1.1510 |
| R2: 1.1650 | S2: 1.1450 |
| R3: 1.1720 | S3: 1.1400 |
USD/JPY climbed toward 153.05 in early Asian trading on Friday, supported by renewed dollar strength. Japanese politician Sanae Takaichi said she does not intend to let the yen depreciate excessively, helping to steady sentiment. Meanwhile, the US government shutdown has entered its tenth day, keeping investors cautious.
Resistance is at 153.90, while support holds at 152.40.
| R1: 153.90 | S1: 151.40 |
| R2: 155.10 | S2: 150.80 |
| R3: 156.00 | S3: 149.10 |
Gold attracts renewed buying interest around $3,960, pausing its decline from Wednesday’s record high of $4,059. The US Dollar experiences a modest correction as traders take profits amid a cautious market mood and dovish remarks from Fed officials, ahead of upcoming sentiment figures. On the daily chart, gold continues to trade within an ascending channel, while the RSI has eased from overbought levels.
From a technical perspective, support is around 3925, and resistance is at 4020.
| R1: 4020 | S1: 3925 |
| R2: 4085 | S2: 3885 |
| R3: 4150 | S3: 3840 |
GBP/USD extended its steep decline on Thursday, falling nearly 0.8% to reach 1.3300 for the first time since early August. Rising risk aversion increased demand for the safe-haven US Dollar, while the ongoing US government shutdown with no clear resolution continued to weigh on market sentiment.
From a technical perspective, support is around 1.3230, and resistance is at 1.3390.
| R1: 1.3390 | S1: 1.3320 |
| R2: 1.3480 | S2: 1.3120 |
| R3: 1.3570 | S3: 1.3030 |
Silver prices advanced toward $49.70 during Friday’s Asian session, supported by persistent economic uncertainty, ongoing geopolitical tensions, and rising expectations of Federal Reserve rate cuts. Later in the day, attention will turn to the preliminary University of Michigan Consumer Sentiment report and remarks from Fed officials.
From a technical perspective, resistance is observed at 50.20, while support is located at 48.70.
| R1: 50.20 | S1: 48.70 |
| R2: 51.30 | S2: 47.40 |
| R3: 52.20 | S3: 46.30 |
China’s Uneven Economic ResilienceChina’s economy began the year with a stronger performance than anticipated, primarily fueled by a strong export sector that helped mitigate stagnant domestic consumption. While headline growth suggests a degree of stability, the recovery's internal structure is notably unbalanced. Also, intensifying geopolitical tensions, specifically the energy disruptions tied to the Iran conflict, threaten to dampen the global outlook and undermine China’s economic momentum.
Detail Optimism Supports Markets (04.16.2026)Markets remained supported as optimism around a potential US–Iran agreement kept risk sentiment elevated.
Markets Balance Between Relief and RiskGlobal markets have begun pricing in a more moderate geopolitical outlook, yet the underlying situation remains unsettled. Diplomatic overtures between the United States and Iran have shown a sense of guarded relief following weeks of heightened anxiety regarding energy flows and critical shipping lanes. Interestingly, the failure of disruptions in the Strait of Hormuz to ignite a total energy crisis has challenged traditional market expectations.
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