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.
United States. The US dollar is strengthening against the Japanese yen today while posting moderate losses against the euro and the British pound.
During the morning session, EUR/USD is developing bearish momentum in the ultra-short term, testing the 1.1420 level for a downside breakout near the lows of March 16.
During the morning session, the XAU/USD pair is recovering after the decline at the end of last week, during which it tested the 4150.00 mark.
Brent Crude Oil quotes have been developing negative dynamics since the beginning of last month and are currently testing the 79.00 mark (Fibonacci correction 61.8%) under pressure from expectations of a final diplomatic settlement of the U.S.-Iran conflict, although the situation in the Middle East region remains unstable and is changing very rapidly.
During the Asian session, the USD/JPY pair is holding near 161.65 and the new record highs reached last week after the U.S. Federal Reserve and Bank of Japan monetary policy meetings.
Against the backdrop of macroeconomic and monetary factors from the United Kingdom and the United States, the GBP/USD pair is consolidating below the support level of 1.3315.
Amid the strengthening of the U.S. dollar, the EUR/USD pair is moving within a corrective trend, trading at 1.148 while awaiting the signing of a framework agreement between representatives of the United States and Iran in Switzerland on Friday to end the Middle East conflict.
Shares of The Boeing Co., one of the largest manufacturers of aviation and space equipment, are trading within a corrective trend at 227.00.
United States of America. The U.S. dollar is gaining value against the yen, the euro, and the pound.
During the morning session, the USD/JPY pair is showing mixed dynamics and testing the 160.60 mark for an upward breakout, while investors react to the results of the two-day U.S. Federal Reserve monetary policy meeting.
During the Asian session, WTI Crude Oil is actively losing value, holding near 74.02: the downward dynamics intensified after a consensus was reached on a framework peace agreement between the United States and Iran, the in-person signing of which is expected to take place tomorrow in the Swiss Alps.
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