Forex Market Review: Dollar Firms, German Ifo Rises
United States of America. The US dollar is strengthening against the pound and the yen, while showing mixed performance against the euro.
Markets
26
March
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By Sagar Dua - 265
During the Asian session, Brent Crude Oil is trading within a global corrective trend below $100.0 per barrel, with price dynamics still driven by conflicting fundamental factors.
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By Sagar Dua
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The leading index of the Frankfurt Stock Exchange, DAX 40, is correcting near 22822.0, with the main driver of the downward movement remaining the escalation of the Middle East crisis and the reallocation of investor capital from risk assets into traditional safe havens such as precious metals and the US dollar.
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By Sagar Dua
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The pound is losing ground against the US dollar in GBP/USD, extending the downward movement of the previous two sessions and testing the 1.3365 level for a downside breakout as investors assess UK inflation data.
25
March
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By Sagar Dua
- 210
This week, the USD/JPY pair is showing mixed dynamics. On Monday, it corrected lower toward the middle Bollinger Band at 158.00 following the postponement of US President Donald Trump’s ultimatum deadline and statements about the start of negotiations to resolve the US-Iran conflict. However, no details about the consultations followed, while media reports suggested that both sides consider each other's demands unrealistic. As investor disappointment grew, alternatives to the US dollar weakened, and the yen returned to 159.37 (Murray level [8/8]).
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By Sagar Dua
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United States. The US dollar gains against the yen and shows mixed performance against the euro and the pound.
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By Sagar Dua
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Shares of Apple Inc., a global leader in personal and tablet computer development and sales, are trading in a downtrend near 251.00.
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By Sagar Dua
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Despite relatively stable EU economic data and a neutral monetary policy stance, risks to the eurozone economy remain elevated. The main concern is the disruption of shipping through the Strait of Hormuz amid ongoing military activity in the region, leading to supply disruptions in liquefied natural gas (LNG) and rising fuel prices.
24
March
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By Sagar Dua
- 231
United States. The US dollar is posting moderate gains against its main rivals — the euro, the pound, and the yen.
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By Sagar Dua
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During the Asian session, XAU/USD is attempting to consolidate below the 4350.0 level per troy ounce. Over the third week of this month, the pair has already lost 9.6% in value, marking the worst performance since September 2011, when the EU debt crisis and liquidity shortages forced major financial institutions to reduce positions in gold-denominated instruments.
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By Sagar Dua
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Benchmark Brent Crude Oil prices remain in a global uptrend, trading slightly above the 100.00 level during the March 24 Asian session. The instrument retreated from the 108.00 high after US President Donald Trump announced a five-day pause in strikes on Iranian energy facilities.
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By Sagar Dua
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The US dollar is recovering after developing a bearish impulse in the previous session, testing the 158.75 level for a breakout higher, while the market’s focus remains on inflation data from Japan. The national consumer price index slowed from 1.5% to 1.3% year-on-year in February, coming in slightly below analyst expectations, while the same indicator excluding food and energy prices eased from 2.6% to 2.5%. At the same time, it is worth noting separately that the statistics do not yet reflect changes in energy prices caused by the escalation of the Middle East crisis, which began on February 28, and therefore the current slowdown is not fully indicative.
23
March
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By Sagar Dua
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United States. The US dollar is weakening against the euro, the pound, and the yen.
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