Quiet Moves, Key Tests — The FX Setup Before the Storm

Author

FX Rocket Profits
October 04, 2025

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Swiss CPI Softens, EUR/GBP Eyes Resistance & Risk Sentiment Holds

Markets held steady as traders digested softer Swiss inflation data and awaited the next round of U.S. labor figures. The Swiss CPI dipped to 1.7% y/y in September, in line with expectations but below the SNB’s 2% target — reinforcing the central bank’s cautious stance and keeping CHF on the defensive.

Meanwhile, EUR/GBP is approaching a familiar resistance zone near 0.8575 — a level that’s capped rallies since mid-August. With euro sentiment still fragile and sterling holding ground, this setup could offer a clean technical rejection or a breakout cue, depending on how price reacts.

Risk sentiment remains stable, with equities firm, gold near $1,880, and oil easing slightly. In a market short on surprises, traders are leaning on technicals and positioning — and watching how inflation trends shape central bank tone.

⚡Daily Broad Market Recap – October 2, 2025

  • Equities rose modestly; USD traded mixed ahead of NFP.

  • Gold held near $1,880; oil slipped 0.8% on demand concerns.

  • CHF weakened slightly after soft Swiss inflation data.

🔥Swiss CPI in Line With Expectations, Dips in September

  • Headline CPI came in at 1.7% y/y, matching forecasts but below the SNB’s 2% target.

  • Core inflation eased to 1.3%, reinforcing the SNB’s cautious tone.

  • CHF saw mild selling pressure post-release.

📊EUR/GBP Potential Resistance Near Its Previous Highs

  • EUR/GBP is approaching resistance near 0.8575, a level that’s capped rallies since August.

  • A rejection could send the pair back toward 0.8500; a breakout may open 0.8600 or higher.

This issue blends inflation signals with technical tension. As Swiss CPI softens and EUR/GBP tests resistance, traders are reminded that even quiet data can shape price — and that clean levels offer clarity when fundamentals pause.

Happy Trading!

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