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United States. The US dollar is strengthening against the Japanese yen today while posting moderate losses against the euro and the British pound.
The GBP/USD pair continues to develop negative momentum for the fourth consecutive day, losing about 0.61% in value per session as investors redirect capital into the U.S. dollar as a safe-haven asset amid fears of rising hydrocarbon prices.
The EUR/USD pair continues the bearish trend of recent days, currently holding near 1.1503. Despite relatively high market activity, sellers have so far only managed to offset the gains that the European currency secured at the beginning of the week, while the external fundamental backdrop has changed only slightly.
United States. The US dollar is losing ground against the euro and showing mixed dynamics against the yen and the pound.
The GBP/USD pair is correcting near the 1.3368 level as the pound failed to maintain its upward momentum amid continued demand for the US dollar.
This week the EUR/USD pair showed mixed dynamics. Initially, after the release of weak February data from the US labor market — which reflected an increase in unemployment from 4.3% to 4.4% and a decline in employment by 92.0K instead of the expected increase of 58.0K — the pair returned to the 1.1665 area. However, it later lost its gains as the military confrontation between the United States and Iran continues, while hints from President Donald Trump about a possible end to the operation have not materialized, supporting the dollar as a safe-haven asset.
The US dollar strengthens against the yen, weakens against the pound, and shows mixed dynamics against the euro.
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.
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.
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.
United States. The U.S. dollar is weakening against the euro and the pound, while showing mixed dynamics against the Japanese yen.
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.
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.
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.