Forex Focus — Oct 5, 2026, 09:00 UTC

Transcript

GBP/USD gained nine pips today, trading at 1.3232. The Dollar Index shows mixed signals. However, the prevailing narrative is a softening Fed. News reports indicate "Fed Rate Hike Expectations Soften." This sentiment is tempering dollar strength. The Federal Reserve did raise rates previously. Yet, future hawkishness is now questioned. EUR/USD sits at 1.1250, down a single pip. The pair is consolidating. Eurozone data remains a crucial driver. Support holds at 1.1220. Resistance looms at 1.1280. USD/JPY moved down six pips to 157.73. This reflects unwinding carry trade positions. Volatility remains elevated across JPY pairs. Support is at 157.50. Resistance is at 158.00. The BOJ and ECB offered no new policy shifts this week. All eyes remain on the Fed's next moves. For more precise market analysis, stay with rawfin.tv.