Forex Today: Investors now look at US GDP data


The incessant appreciation of the Japanese currency hurt the Greenback, dragging USD/JPY to new two-month lows near the 153.00 region. On another front, poor PMIs in the euro area undermined hopes of a sustained recovery in the region.

Here is what you need to know on Thursday, July 25:

The USD Index (DXY) receded modestly on the back of further advance in the Japanese yen and mixed US yields across the curve. On July 25, the advanced Q2 Growth Rate takes centre stage followed by Durable Goods Orders and weekly Initial Jobless Claims.

EUR/USD added to Tuesday’s losses and put the 200-day SMA near 1.0820 to the test ahead of key US data releasee. The IFO Business Climate in Germany comes on July 24 along with the speech by the ECB’s Lagarde.

GBP/USD alternated gains with losses around 1.2900 following erratic risk appetite trends. The CBI Industrial Trends Orders are expected on July 25.

The sell-off in USD/JPY approached the 153.00 region, or two-month lows, amidst the persistent recovery in the Japanese currency. Weekly Foreign Bond Investment figures are only due on July 25 on the Japanese docket.

AUD/USD remained on the back foot and dropped below the 0.6600 level to hit the key 200-day SMA and reach six-week lows. There will be no data releases in Oz on July 25.

WTI prices regained a small smile and retested the $78.00 mark per barrel after four consecutive daily pullbacks.

Gold prices faded the initial bullish attempt to three-day highs near $2,430 per ounce troy, eventually succumbing to the late bounce in the dollar. Silver prices set aside Tuesday’s gains and returned to the area below the $29.00 mark per ounce.

Share: Feed news

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

XM
Account
7.2
Tools
9.2
Service
9.4
Trading
9.0
Trust
7.0
Experience
8.4
Read review
Moneta Markets
Account
7.4
Tools
6.6
Service
8.0
Trading
6.6
Trust
5.2
Experience
9.2
Read review
Trading Pro
Account
7.2
Tools
5.2
Service
6.6
Trading
8.0
Trust
5.0
Experience
7.0
Read review
Pepperstone
Account
8.2
Tools
8.2
Service
7.4
Trading
9.0
Trust
8.8
Experience
9.0
Read review
XM
Read review
Moneta Markets
Read review
Trading Pro
Read review
Pepperstone
Read review
Trading Pro
Read review
Pepperstone
Read review
XM
Read review
Moneta Markets
Read review
Trading Pro
Account
7.2
Tools
5.2
Service
6.6
Trading
8.0
Trust
5.0
Experience
7.0
Read review
Pepperstone
Account
8.2
Tools
8.2
Service
7.4
Trading
9.0
Trust
8.8
Experience
9.0
Read review
XM
Account
7.2
Tools
9.2
Service
9.4
Trading
9.0
Trust
7.0
Experience
8.4
Read review
Moneta Markets
Account
7.4
Tools
6.6
Service
8.0
Trading
6.6
Trust
5.2
Experience
9.2
Read review

Recommended content


Recommended content

Editors’ Picks

EUR/USD turns negative near 1.1000, Dollar trims losses

EUR/USD turns negative near 1.1000, Dollar trims losses

The now mild bounce in the US Dollar puts EUR/USD under pressure and drags it back to the proximity of the 1.1000 support as investors continue to assess the stronger-than-expected NFP figures in March (+228K).

EUR/USD News
GBP/USD stays offered around 1.3000 on USD-buying

GBP/USD stays offered around 1.3000 on USD-buying

The now generalised selling pressure hurting the risk complex sends GBP/USD back to the 1.3000 neighbourhood amid heavy losses and the marked rebound in the Greenback, particulalry following solid prints from the US labour market report.

GBP/USD News
Gold remains on the back foot around $3,000 after US Payrolls

Gold remains on the back foot around $3,000 after US Payrolls

In the wake of March’s US labour market report, Gold prices maintain their offered tone around the critical $3,000 mark per troy ounce amid marginal gains in the Greenback and further weakness in US yields.

Gold News
Can Maker break $1,450 hurdle as whales launch buying spree?

Can Maker break $1,450 hurdle as whales launch buying spree?

Maker holds steadily above $1,250 support as a whale scoops $1.21 million worth of MKR. Addresses with a 100k to 1 million MKR balance now account for 24.27% of Maker’s total supply. Maker battles a bear flag pattern as bulls gather for an epic weekend move.

Read more
Strategic implications of “Liberation Day”

Strategic implications of “Liberation Day”

Liberation Day in the United States came with extremely protectionist and inward-looking tariff policy aimed at just about all U.S. trading partners. In this report, we outline some of the more strategic implications of Liberation Day and developments we will be paying close attention to going forward.

Read more
The Best brokers to trade EUR/USD

The Best brokers to trade EUR/USD

SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.

Read More

Forex MAJORS

Cryptocurrencies

Signatures

Best Brokers of 2025