Scarica l'app
23 September 2025,06:39
Daily Market Analysis
23 September 2025, 06:39
*Euro pressured as the dollar rallied over 1% after Powell framed the Fed’s first 2025 cut as risk management rather than a dovish pivot.
*Inflation undershot forecasts at 2%, tempering support for the single currency despite stable bloc-wide dynamics.
*Traders eye eurozone PMI tomorrow and the ECB policy decision Wednesday as the next catalysts for volatility.
The euro is facing renewed selling pressure against the U.S. dollar, which strengthened sharply following last week’s Federal Reserve policy decision. Although the Fed cut rates by 25 basis points—its first reduction of 2025—Chair Jerome Powell characterized the move as a “risk management” adjustment rather than the start of an aggressive easing cycle. Markets interpreted the messaging as hawkish, triggering a broad dollar rally that lifted the DXY index more than 1% and weighed on EUR/USD.
Domestic fundamentals also contributed to the euro’s softness. Last week’s eurozone CPI reading came in at 2.0% year-on-year, slightly below expectations and reinforcing the view that inflationary pressures within the bloc remain contained. Nevertheless, the single currency has demonstrated resilience against other G10 peers, supported by the European Central Bank’s predictable policy trajectory and stable economic indicators.
Attention now turns to the ECB’s meeting on Wednesday, which is expected to be the primary driver of near-term euro direction. While no change to rates is anticipated, traders will scrutinize President Christine Lagarde’s communications for signals regarding the timing and pace of future policy moves. Ahead of the meeting, tomorrow’s eurozone PMI data may provide additional insight into the region’s economic momentum.
A dovish tone from the ECB could extend the euro’s decline, particularly if coupled with sustained dollar strength. Conversely, any hint of caution toward further easing may help stabilize the currency near current levels.
The EUR/JPY pair has maintained a constructive technical posture, trading in a pattern of higher highs and breaking decisively above the key resistance level at 173.75. The pair subsequently underwent a minor retracement but found firm support above this former resistance zone, reinforcing the bullish structure and suggesting underlying strength remains intact.
Momentum indicators, however, present mixed near-term signals. The Relative Strength Index has held near overbought territory for an extended period, reflecting sustained buying pressure. In contrast, the Moving Average Convergence Divergence has generated a bearish crossover—often referred to as a “death cross”—at elevated levels, indicating that upward momentum may be slowing and raising the possibility of a near-term pullback.
This divergence suggests that while the broader trend remains bullish, the pair may be due for a period of consolidation or technical retracement before attempting further gains. Traders are advised to exercise caution at current levels, particularly if the pair approaches additional resistance near the 175.00 psychological level.
Resistance Levels:175.28, 176.55
Support Levels: 172.30, 171.00
Scambia forex, indici, Metalli e altro ancora a spread bassi e con un'esecuzione fulminea.
Registrati per un Conto Reale PU Prime con la nostra semplice procedura.
Finanzia senza fatica il tuo conto con un'ampia gamma di canali e valute accettate.
Accedi a centinaia di strumenti a condizioni di trading leader del mercato.
Piattaforme di trading
Imparare
Su PU Prime
Azienda
Please note the Website is intended for individuals residing in jurisdictions where accessing the Website is permitted by law.
Please note that PU Prime and its affiliated entities are neither established nor operating in your home jurisdiction.
By clicking the "Acknowledge" button, you confirm that you are entering this website solely based on your initiative and not as a result of any specific marketing outreach. You wish to obtain information from this website which is provided on reverse solicitation in accordance with the laws of your home jurisdiction.
Thank You for Your Acknowledgement!
Ten en cuenta que el sitio web está destinado a personas que residen en jurisdicciones donde el acceso al sitio web está permitido por la ley.
Ten en cuenta que PU Prime y sus entidades afiliadas no están establecidas ni operan en tu jurisdicción de origen.
Al hacer clic en el botón "Aceptar", confirmas que estás ingresando a este sitio web por tu propia iniciativa y no como resultado de ningún esfuerzo de marketing específico. Deseas obtener información de este sitio web que se proporciona mediante solicitud inversa de acuerdo con las leyes de tu jurisdicción de origen.
Thank You for Your Acknowledgement!
