Dollar Slips and Oil Falls as Markets Reprice Fed and Iran Risks
United States. The US dollar is strengthening against the Japanese yen today while posting moderate losses against the euro and the British pound.
Markets
2
April
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By Sagar Dua - 178
Shares of the American diversified innovation and manufacturing company 3M Co. are trading in a sideways trend near the 145.00 level.
1
April
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By Sagar Dua
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Shares of Volkswagen AG, the German automotive corporation, are trading slightly above the 88.00 level within a broader global correction.
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United States. The US dollar is weakening against the yen, pound, and euro.
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By Sagar Dua
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Shares of Meta Platforms Inc., the American multinational holding company that owns a technology conglomerate and the largest social network Facebook, remain within a medium-term downtrend, forming a descending channel. In early February, the price climbed to the upper boundary of the main Murray trading range near 750.00 (Murray [8/8]) but failed to break higher and moved into a correction. Last week, quotes reached 531.25 (Murray [1/8]) at the lower boundary of the descending channel. A consolidation below this level would open the way toward the lower reversal zone around 437.50 (Murray [–2/8]) and 375.00 (Murray [3/8], MN1). For bulls, the key level remains the central mark of the Murray trading range at 625.00 (Murray [4/8]), reinforced by the middle Bollinger Band. A breakout above this level would act as a catalyst for a return toward 687.50 (Murray [6/8]) and 750.00 (Murray [8/8]).
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By Sagar Dua
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This week, the GBP/USD pair moved lower, testing the 1.3183 level (Murray [4/8]), but then recovered lost ground, supported by comments from US President Donald Trump, who said the US-Iran confrontation would end within two to three weeks.
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By Sagar Dua
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The leading index of the London Stock Exchange, FTSE 100, is showing upward movement around 10278.0 following a shift in rhetoric by US President Donald Trump, who suggested the possibility of a ceasefire in the Middle East even without the immediate reopening of the Strait of Hormuz — the key shipping route that transported about 15–20% of the world’s crude oil and petroleum products, and over 30% of liquefied natural gas before the conflict began.
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By Sagar Dua
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The XAU/USD pair is holding slightly above the key support level from the beginning of the year at $4,400.0 per troy ounce, preparing for a potential acceleration in bullish momentum and a test of the intermediate high at $4,800.0.
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By Sagar Dua
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During the morning session, WTI Crude Oil prices are once again testing the 98.00 level after yesterday’s decline, while ongoing geopolitical tensions in the Middle East continue to provide notable support to the market.
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By Sagar Dua
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The euro is posting modest gains against the US dollar during the Asian session, extending the strong bullish momentum from the previous day, when the instrument managed to rebound from local lows recorded on March 19. The pair is currently testing the 1.1565 level for an upside breakout, while investors and forex traders await new catalysts that could determine the future trend.
31
March
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By Sagar Dua
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United States. The US dollar is moderately weakening against the yen and the pound while showing mixed dynamics against the euro.
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By Sagar Dua
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Shares of eBay Inc., the American e-commerce company, are trading in correction near 89.00.
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By Sagar Dua
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Last week, the EUR/USD pair resumed its decline and is now attempting to consolidate below the 1.1474 level (Murrey [2/8]). The US dollar continues to receive support from both geopolitical and monetary factors.
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