United States. The U.S. dollar is weakening against the euro and the pound, while showing mixed dynamics against the Japanese yen.
By Sagar Dua The EUR/USD pair is moving within a corrective trend near the level of 1.1631 amid stable dynamics of the US dollar and neutral macroeconomic data from the EU. Yesterday, Germany reported a decline in imports and exports by 5.9% and 2.3%, respectively, which increased the trade balance surplus from €17.4B to €21.2B. Meanwhile, in France, exports rose to €53.4B while imports decreased to €55.3B, narrowing the trade deficit from –€4.3B to –€1.8B.
By Sagar Dua The pound is extending its bullish momentum, testing the 1.3453 level for an upside breakout during the Asian session, while traders await the release of U.S. inflation data today at 14:30 (GMT+2). Current forecasts suggest that the core consumer price index, which excludes food and energy costs, will remain around 2.5% year-over-year, while on a monthly basis a slight slowdown from 0.3% to 0.2% is possible. However, this will not provide a full picture of the current situation, as it will not yet reflect the latest sharp rise in energy prices caused by the escalation in the Middle East.
By Sagar Dua The Australian dollar is correcting near 0.7062 after renewing local highs from March 5, while market attention remains focused on the escalation of the Middle East conflict, which has already triggered a sharp rise in oil prices. During the previous Asian session, WTI Crude Oil surged by more than 25.0%, breaking above $110.0 per barrel and reaching its highest level since July 2022.
By Sagar Dua The GBP/USD pair continues to show negative dynamics for the second consecutive month and is currently testing the 1.3307 level (Murray level [5/8]) amid escalating geopolitical tensions in the Middle East.
By Sagar Dua During the morning session, the USD/JPY pair is posting modest gains, renewing the highs from January 23 and testing the 158.00 level as traders assess the latest U.S. labor market report. In February, the number of nonfarm payrolls declined by 92.0K, although analysts had expected an increase of 59.0K, while the January figure was revised downward to 126.0K. At the same time, the unemployment rate accelerated to 4.4%, and average hourly earnings remained at 0.4% month-over-month, signaling continued price pressure. Against this backdrop, the yield on 10-year U.S. Treasury bonds remains above 4.100%, while the U.S. Dollar Index is trading near three-month highs, supported by geopolitical tensions.
By Sagar Dua The European currency is testing the 1.1530 level for a potential upside breakout as investors analyze the February U.S. labor market report, which turned out weaker than expected.
By Sagar Dua The USD/JPY pair is correcting within an upward trend near 157.54 amid the strengthening of the US dollar, which is approaching the 100.00 mark on the USDX index, while the yen remains under pressure due to the sharp rise in energy prices following supply disruptions from the Middle East after the blockade of the Strait of Hormuz.
By Sagar Dua Amid the strengthening of the US dollar, the EUR/USD pair is moving within a corrective trend, holding near 1.1608 as macroeconomic data from the eurozone remains largely neutral.
Forex analysis helps traders figure out where a currency pair might move next and guides their trading decisions. It’s a daily tool for planning entries and exits, based on two main approaches. Fundamental analysis looks at the broader economy: growth, inflation, and especially central bank policy on interest rates. Technical analysis studies past price movements, chart patterns, and signals that tend to repeat over time. Together, these methods give traders a clearer picture of the market and improve decision-making.
