The forex market is jittering with anticipation ahead of the possible US fiscal stimulus package. The forex Euro/Dollar pair has been steadily advancing as the deadline for the stimulus package agreement draws near.
And as stocks make their attempts to recover, the greenback is left behind, allowing a rise for the Euro. Forex investors all have their eyes on Trump at the moment, although increasing coronavirus concerns are bound to have a say in the forex forecast EUR/USD at some point, too.
Meanwhile, the British pound is experiencing similar movement in the light of a positive EUR/USD forecast. In fact, the GBP/USD pair has been on the rise for two consecutive days now. Furthermore, Brexit trade negotiations this week also gave GBP a good boost and led to advances in the pound to Euro rate. Although for this particular currency pair in forex, October may still bring its share of volatility.
Jumping back to the greenback, however, its weaker positions don’t seem to be affecting its JPY forex relationship. The USD/JPY analysis shows the pair steadily navigating the 105.00-106.00 region. And what’s more, the USD/JPY forecast for the next few weeks says this will remain unchanged.
Watch the full video for a deeper look into the forex October forecast. And stay tuned for our best forex strategy to navigate the market during these uncertain times!
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