Yen Analysis By zForex Research Team - 04.09.2025
Yen Appreciates with Trade Turmoil
The Japanese yen rose above 146 per dollar on Wednesday, extending gains as Trump's looming tariffs drove safe-haven flows. The dollar weakened on recession fears tied to escalating trade tensions and potential Fed rate cuts. New U.S. tariffs include a 24% duty on Japanese goods and a 25% car import levy. Trump confirmed that Japan will send a delegation to renegotiate terms, while PM Ishiba urged a policy rethink. Domestically, Japan's current account surplus hit a record in February, supported by strong exports and reduced imports, boosting the yen further.
Key resistance is at 148.70, with further levels at 152.70 and 157.70. Support stands at 145.60, followed by 143.00 and 141.80.
Daily Analysis By zForex Research Team - 04.10.2025
Markets Respond to Tariff Shifts and Eurozone Stability
Global markets showed mixed reactions as trade tensions deepened despite a temporary U.S. tariff pause.
The euro held firm near $1.0980, backed by political stability in Germany and the EU’s retaliatory measures. The yen strengthened after Japan was granted a reduced tariff rate, while gold surged above $3,095 on safe-haven demand. Silver remained volatile amid stagflation fears, and the British pound steadied ahead of key inflation data. Investors now turn to U.S. CPI for fresh policy clues.
EUR/USD Analysis By zForex Research Team - 04.10.2025
Euro Steady as EU Retaliates on Tariffs
The euro hovered around 1.0980 on Thursday, supported by rising trade tensions and renewed political stability in the Eurozone. Sentiment favored the currency after China raised tariffs on all U.S. goods to 84% from 34%, retaliating against Washington’s hike to 104% on Chinese imports. The European Commission also approved retaliatory tariffs on €21 billion worth of U.S. goods, including soybeans, motorcycles, and orange juice. The escalation pushed investors away from typical safe havens like the dollar and Treasuries. Political stability in Germany further supported the euro, as the CDU/CSU and SPD finalized a coalition, clearing the way for Friedrich Merz to become Chancellor next month. The ECB is also expected to cut rates by 25 basis points later this month.
Key resistance is at 1.1020, followed by 1.1100 and 1.1150. Support lies at 1.0880, then 1.0810 and 1.0730.
Gold Analysis By zForex Research Team - 04.10.2025
Gold Jumps 3% on U.S.-China Tariff Battle
Gold jumped over 3% to above $3,095 per ounce on Wednesday as U.S.-China trade tensions escalated. President Trump announced a 90-day tariff pause and a reduced 10% rate for all but China, which now faces a 125% tariff. Treasury Secretary Bessent said the lower rate would apply during talks, excluding China and some sectors. In response, China raised tariffs on U.S. goods to 84%, and the EU approved levies on €21 billion worth of American exports. Fed minutes showed policymakers expect higher inflation from tariffs but remain uncertain about its scale and duration.
Supporting gold’s rally further, the World Gold Council reported that gold-backed ETFs attracted 226.5 metric tons in inflows during Q1, totaling $21.1 billion in value.
Key resistance is at $3,135, followed by $3,165 and $3,200. Support stands at $3030, then $3010 and $2956.
Daily Analysis By zForex Research Team - 04.11.2025
Dollar Weakens, Gold Records on Rate Bets
Global trade policy shifts dominated markets as the euro surged past $1.13 after the EU suspended U.S. tariffs for 90 days, while the yen hit a six-month high on safe-haven demand.
Gold soared to a record above $3,200 amid recession fears and Fed rate cut expectations, and silver followed, boosted by tariff-related uncertainty. Meanwhile, the pound climbed to $1.30 as dollar weakness persisted, but cautious BoE rate cut bets and slow UK growth projections kept gains limited.
GBP/USD Analysis By zForex Research Team - 04.11.2025
Pound Gains on Dollar Softening, GBP/USD at $1.30
The pound extended gains to $1.30 for a third session, as the dollar softened following Trump’s 90-day tariff pause for most countries. However, the 145% hike on Chinese goods kept risks elevated. While volatility persists, traders now expect 66 bps of BoE rate cuts this year, down from 79 bps a day earlier. UK GDP is forecast to grow 0.1% in February, suggesting a slow recovery.
If GBP/USD breaks above 1.3050, resistance levels are at 1.3100 and 1.3200. Support is at 1.2960, followed by 1.2900 and 1.2850.
Gold Analysis By zForex Research Team - 04.11.2025
Gold Surges, Hits Record Above $3,200
Gold spiked to a new record above $3,200 per ounce on Friday, driven by safe-haven demand and a weakening dollar amid intensifying U.S.-China trade tensions. The U.S. hiked tariffs on China to 145%, while easing duties for other partners. At the same time, U.S. consumer prices unexpectedly fell in March, fueling bets on a Fed rate cut in June and a full percentage point cut by year-end. Despite this, inflation risks remain due to ongoing tariff pressure. Gold is set for its strongest weekly gain since November.
Key resistance is at $3,250, followed by $3,300 and $3,350. Support stands at $3165, then $3135 and $3090.
