Forex Focus — May 3, 2026, 09:00 UTC

Transcript

Welcome to Forex Focus on rawfin.tv. I'm your host ready for a precise market breakdown. The Dollar Index holds steady today. News of Chair Powell's anticipated departure by May 2026 creates policy uncertainty. This headline from the Senate's Warsh nomination weighs on sentiment. EUR USD trades flat at 1.1726. The DAX's 1.41 gain offers some Euro support. However broader caution limits upside movement. While major pairs are subdued we saw unusual volatility in USD TRY. The pair experienced a rapid 200-pip swing. This highlights emerging market sensitivity to carry trade dynamics. Central bank watch The Fed's future leadership is now in focus. This could impact future rate path expectations. The ECB remains data-dependent. Meanwhile the BOJ closely monitors USD JPY at 157.09. For tomorrow watch EUR USD support at 1.1700. Resistance comes in at 1.1750. USD JPY finds support at 156.80. Resistance sits at 157.30. That's your Forex Focus. Stay