📊 +22,159 USD — Dollar Under Selling Pressure
📊 Weekly Trading Report (Aug 25–29)
Weekly P/L: +22,159 USD
✅ Weekly Review
- Losses were seen in euro-related trades, but well-timed gold longs during the rally boosted overall results into positive territory.
- The U.S. dollar faced persistent selling pressure, but direction remained unclear as economic data and political risks pushed markets back and forth.
🌟 Market Overview (Aug 25–29)
United States
- President Trump’s attempt to dismiss Fed Governor Cook raised concerns over central bank independence, weighing on the dollar.
- On the other hand, stronger-than-expected GDP revision (+3.3%) and lower jobless claims offered dollar support.
Europe
- Political instability in France continued to weigh on sentiment; confidence vote on Sept 8 remains a cap on EUR upside.
Japan
- Speculation about an early LDP leadership election surfaced, creating political noise in yen markets.
Overall
- U.S. PCE came in line with expectations → muted market reaction.
- Next focus: Sept 4 ADP employment / Sept 5 NFP — events expected to reset USD direction.
📊 Projected Ranges — Major Pairs & Gold
| Pair | Expected Range | Support Levels | Resistance Levels | Comment |
|---|---|---|---|---|
| USD/JPY | 146.00 – 148.00 | 146.20 / 146.00 | 147.70 / 148.10 | Sell on rallies; watch break below 146.00. |
| EUR/USD | 1.1600 – 1.1750 | 1.1600 | 1.1740 / 1.1800 | Buy dips; 1.18 remains key ceiling. |
| GBP/JPY | 197.50 – 200.00 | 197.50 | 200.00 | Buy dips; take profit near 200. |
| CAD/JPY | 105.50 – 107.50 | 105.50 / 106.00 | 107.00 / 107.50 | Bearish bias; sell rallies. |
| AUD/JPY | 95.50 – 96.50 | 95.50 | 96.00 / 96.50 | Heavy topside; sell on rallies. |
| NZD/JPY | 85.00 – 87.00 | 85.00 | 86.50 / 87.00 | Bias remains bearish; sell rallies. |
| ZAR/JPY | 8.30 – 8.50 | 8.30 | 8.48 / 8.50 | Buy dips, but topside limited. |
| GOLD (XAU/USD) | 3420 – 3500 | 3420 / 3395 / 3360 | 3450 / 3475 / 3500 | Continue buying dips; 3440 area attractive short-term. |
📜 Afterword | “Identifying the Hidden Cause is a Survival Strategy”
Thank you for reading this week’s FX Weekly Report.
In medicine, it is common for symptoms initially thought to be “anxiety disorder” to turn out to be something else entirely — such as POTS, hyperthyroidism, or adrenal insufficiency. Symptoms like palpitations, dizziness, and fatigue can look the same, and without careful testing, misdiagnosis happens easily.
The same applies to trading. Price swings can be misread as “risk-off” or “rate-driven,” but the true cause may be geopolitics, capital flows, or temporary misperceptions. Misjudging the root cause can lead to major trading errors.
Just as in medicine, where second opinions and deeper analysis prevent misdiagnosis, in trading we must not be fooled by surface-level “symptoms.” Looking beneath the market’s moves and incorporating multiple data sources and perspectives can be the difference between survival and collapse.
Next week, let’s continue to approach the market calmly, focusing on the substance behind the numbers rather than just the headlines.
Until next week.
