Weak industrial production data out of Germany contributed to euro weakness, especially as figures revealed a decline in year-over-year and month-over-month production rates. Economic concerns within the Eurozone are dampening investor confidence in the euro, pushing EUR/USD lower in early European trading.

The Japanese yen strengthened due to increased demand for safe-haven assets. The Fed’s mixed messaging on the timing of interest rate cuts in 2024 has prompted some investors to seek safety in the yen amid global economic uncertainties. The USD/JPY pair saw declines as the dollar weakened slightly against the yen, demonstrating how central bank policy shifts and global risk appetite are influencing this currency pair.

Brazil’s inflation data showed an increase beyond what analysts had predicted, intensifying pressure on the real. While the inflation spike could prompt the Brazilian central bank to consider tighter monetary policies, some analysts are wary of the potential impact on economic growth. This situation leaves the Brazilian real vulnerable, as inflation concerns can detract from investor confidence in emerging market currencies.

The euro saw fluctuations today, with economic data from the Eurozone offering mixed signals. Weak industrial production and retail sales figures from major economies, including Germany, have raised concerns about a possible recession, casting a shadow over the euro’s outlook. EUR/USD experienced downward pressure as traders consider the effects of the ongoing European Central Bank policies to address inflation while balancing economic growth. This mixed data has added complexity to the euro’s trading patterns against both the dollar and other major currencies.

Most Asian currencies firmed on Monday as the dollar fell sharply from recent highs after soft labor data, with focus turning squarely to the upcoming presidential election and a Federal Reserve meeting. Focus this week is also on a Reserve Bank of Australia meeting, and a meeting of China’s National People’s Congress, with the latter set to provide more cues on fiscal stimulus. Regional currencies benefited from weakness in the dollar, with the dollar index and dollar index futures both falling about 0.6% each in Asian trade. The greenback was dented by softer-than-expected nonfarm payrolls data on Friday, which showed the U.S. labor market was steadily cooling.

BCA Research advises investors to take a tactical long position on the U.S. dollar, highlighting persistent geopolitical risks that position the greenback as a solid hedge. In a recent report, the investment research firm foresees a hawkish shift in U.S. trade and foreign policy regardless of the election’s outcome, noting that “the global political system is destabilizing.”

NEW YORK/LONDON (Reuters) -Shares on Wall Street scaled record highs on Thursday, lifting stock markets around the world, while U.S. Treasury yields retreated further after the Federal Reserve cut interest rates and as investors processed a second Donald Trump presidency. The Fed lowered rates by 25 basis points on Thursday, as expected, noting that the job market has generally eased while inflation is moving toward its 2% target - saying price pressures had "made progress," compared with prior language that it had "made further progress." “The Fed didn’t rock the boat," said Ryan Detrick, chief market strategist at Carson Group in Omaha, Nebraska. "The big question now is will they cut again in December? Our best guess is they do, as inflation continues to improve.”

I've traded for 6 years and this ONE strategy is all you need to become consistently profitable I've been using it for 2+ years consistently because it keeps printing Take 30 seconds to learn it for yourself:🧵

Forex trading is design for large percentage of people to FAIL. If you are not discipline Forex is not for you❌ If you are not consistent Forex is not for you❌ If you lack Patience Forex is not for you❌ If you can't adapt forex is not for you❌ If you are greedy Forex is not for you❌ You need to develop all these attribute to be a successful trader You need to be Satisfied Patience Discipline Consistent Learn to adapt as well .... The good thing is that with time you can accually develop all these attribute and become a successful trader Forex is for any serious determined person with the right information ✍️✍️✍️✍️

Mastering every theory and strategy in the forex market doesn’t guarantee profitability. True growth and resilience come from years of real-world experience—learning through losses, adapting, and evolving. It's a journey where each setback is a stepping stone. Remember, #ImpossibleIsNothing!