Forex Weekly Round-Up: DXY, GBPUSD, EURUSDKey Price Zones (DXY): 97.422 - 97.685
🟦 DXY (Dollar Index):
On paper, USD had a strong week:
🔹 Durable Goods smashed expectations (+8.6% vs 0.5%)
🔹 PMIs, GDP Price Index, and Jobless Claims came in solid
But the market ignored it:
🔻 Consumer Confidence disappointed (93.0 vs 99.4)
🏠 New Home Sales missed
🕊️ Fed Chair Powell stayed soft — no aggressive tightening talk
Result?
Despite strong fundamentals, DXY broke down, sweeping daily lows and printing fresh bearish structure.
It’s now down ~10% YTD — the worst first half in over 50 years.
📈 EURUSD & GBPUSD: Holding Strong Despite Weak Data
EURUSD
German Retail Sales: –1.6%
Import Prices: –0.7%
ECB tone: muted
Still, EURUSD held daily support and gained — thanks to broad USD weakness.
GBPUSD
Current Account widened (–£23.5B), GDP unchanged
No standout UK catalyst
Yet GBPUSD held its ground and edged higher as DXY continued to fall.
🧠 What This Tells Us
Strong data isn’t always enough.
When price action, market sentiment, and liquidity targets align — they override the numbers.
