Introduction


Final Thought

The forex market in 2025 is about more than just the next trade. It’s about positioning for structural themes: dollar moves, policy divergence, global flows and institutional mechanics. For readers of OpenBookHub seeking to stay ahead of these dynamics: it’s less about chasing quick wins and more about understanding context, environment and risk. Whether you’re trading, investing or simply observing, the key is to keep looking at the fundamentals and the signals. The next wave in forex may not just be driven by one currency pair — it could be driven by an entire shift in global liquidity an policy.

The forex market—long considered the backbone of global finance—has entered a phase where macro-economics, institutional flows, and policy shifts are dominating the narrative. For readers of OpenBookHub, this means that staying ahead of currency moves is not just about charts—it’s about central banks, trade flows, and geopolitical risk. In this report we’ll cover:

  • A current snapshot of the forex market

  • What major institutions and central banks are signalling

  • The implications for traders, investors and informed readers


The Market at a Glance

Recent data shows the forex market remains enormous and highly active. A key illustration: the global foreign exchange market hit around $9.6 trillion in daily turnover in April 2025. Financial Times+2Wikipedia+2
According to one forecast by Technavio, the forex market size is projected to grow at a CAGR of ~10.6% between 2024-2029. technavio.com
In short: this market is large, liquid, global — and still evolving.


What the Giants Are Saying

Institutional Outlook & Macro Themes

Major research houses point to a few core themes. For example, one report highlights that the forex market in 2025 will be shaped by: carry trades, political risk (including the U.S. presidential election), growth differentials (especially between the Eurozone and U.S.), and China’s financial position. iBanFirst+1
Another forward-looking view from a global research group states that the U.S. dollar may weaken through 2025-26 as markets price in monetary easing and slower growth. MUFG Research

Central Bank Signals & Intervention Risk

Central banks remain key players. For example, the Swiss National Bank (SNB) reaffirmed its readiness to intervene in currency markets if needed, without committing to “manipulation”. Reuters
Similarly, China’s central bank (People’s Bank of China, PBOC) announced strategies to bolster forex market resilience, showing the strategic importance of currency stability. Reuters

Risk & Regulation

The regulatory / structural side is also critical. The International Monetary Fund (IMF) in its Global Financial Stability Report noted that the growing size and complexity of FX markets heightens operational and settlement risks — something institutions are paying attention to. IMF

Introduction


Final Thought

The forex market in 2025 is about more than just the next trade. It’s about positioning for structural themes: dollar moves, policy divergence, global flows and institutional mechanics. For readers of OpenBookHub seeking to stay ahead of these dynamics: it’s less about chasing quick wins and more about understanding context, environment and risk. Whether you’re trading, investing or simply observing, the key is to keep looking at the fundamentals and the signals. The next wave in forex may not just be driven by one currency pair — it could be driven by an entire shift in global liquidity an policy.

The forex market—long considered the backbone of global finance—has entered a phase where macro-economics, institutional flows, and policy shifts are dominating the narrative. For readers of OpenBookHub, this means that staying ahead of currency moves is not just about charts—it’s about central banks, trade flows, and geopolitical risk. In this report we’ll cover:

  • A current snapshot of the forex market

  • What major institutions and central banks are signalling

  • The implications for traders, investors and informed readers


The Market at a Glance

Recent data shows the forex market remains enormous and highly active. A key illustration: the global foreign exchange market hit around $9.6 trillion in daily turnover in April 2025. Financial Times+2Wikipedia+2
According to one forecast by Technavio, the forex market size is projected to grow at a CAGR of ~10.6% between 2024-2029. technavio.com
In short: this market is large, liquid, global — and still evolving.


What the Giants Are Saying

Institutional Outlook & Macro Themes

Major research houses point to a few core themes. For example, one report highlights that the forex market in 2025 will be shaped by: carry trades, political risk (including the U.S. presidential election), growth differentials (especially between the Eurozone and U.S.), and China’s financial position. iBanFirst+1
Another forward-looking view from a global research group states that the U.S. dollar may weaken through 2025-26 as markets price in monetary easing and slower growth. MUFG Research

Central Bank Signals & Intervention Risk

Central banks remain key players. For example, the Swiss National Bank (SNB) reaffirmed its readiness to intervene in currency markets if needed, without committing to “manipulation”. Reuters
Similarly, China’s central bank (People’s Bank of China, PBOC) announced strategies to bolster forex market resilience, showing the strategic importance of currency stability. Reuters

Risk & Regulation

The regulatory / structural side is also critical. The International Monetary Fund (IMF) in its Global Financial Stability Report noted that the growing size and complexity of FX markets heightens operational and settlement risks — something institutions are paying attention to. IMF