Daily Analysis By zForex Research Team - 03.21.2025
Euro Slides on Tariff Warnings, Gold Near Record Highs
The euro retreated after ECB President Christine Lagarde warned that proposed U.S. tariffs could dent eurozone growth.
Meanwhile, gold hovered near $3,030 as safe-haven demand remained strong amid rising trade tensions and geopolitical risks. The yen softened after Japan’s inflation data, while the British pound dipped following the Bank of England’s steady rate decision. Silver steadied near $33.20 as markets digested recent volatility and Fed policy outlook.
GBP/USD Analysis By zForex Research Team - 03.21.2025
GBP Retreats as BoE Maintains Policy
The pound dipped below $1.30, retreating from a four-month high after the BoE held rates at 4.5% and signaled a cautious approach to easing policy, despite recent inflation progress.
Global trade tensions added pressure, with new U.S. tariffs prompting retaliatory moves and raising inflation risks.
UK data showed weak growth, steady 4.4% unemployment, and wage growth easing to 5.8%, in line with forecasts. In the U.S., the Fed kept rates steady but reaffirmed plans for two cuts this year.
If GBP/USD breaks above 1.3050, the next resistance levels are 1.3100 and 1.3150. On the downside, support stands at 1.2860, with further levels at 1.2800 and 1.2715 if selling pressure increases.
Gold Analysis By zForex Research Team - 03.21.2025
Gold Nears $3,030 on Fed Cut Hopes
Gold hovered near $3,030 on Friday, close to record highs and heading for a third straight weekly gain. The rally is driven by dovish Fed signals and strong safe-haven demand. The Fed reaffirmed plans for two rate cuts in 2025 amid rising economic uncertainty, while Powell downplayed Trump’s proposed tariffs as temporarily inflationary but saw no urgency to cut rates.
Geopolitical tensions also supported gold, with Israel escalating operations in Gaza, Hamas striking Tel Aviv and the U.S. continuing airstrikes in Yemen. Markets are also watching the April 2 deadline for Trump’s reciprocal tariffs, fueling trade concerns. Gold is up over 15% year-to-date.
Key resistance stands at $3082, with further levels at $3100 and $3,150. Support is at $3000, followed by $2,980 and $2,916.
Daily Analysis By zForex Research Team - 03.24.2025
EUR/USD Steady at 1.0820, Yen Weakens to 150
EUR/USD held near 1.0820 as higher U.S. yields and German fiscal suspense weighed on the euro.
The yen weakened toward 150 after disappointing Japanese business activity data, despite expectations for future BOJ rate hikes. Gold dipped to $3,015 on peace hopes in Ukraine but remained supported by Fed rate cut prospects and Gaza tensions. GBP/USD steadied at 1.2915 on dollar weakness and UK stability, while silver traded near $33.06, with gains capped by a strong dollar and weak industrial outlook from China.
EUR/USD Analysis By zForex Research Team - 03.24.2025
Yields Weigh on EUR/USD: Euro at 1.0820
EUR/USD is trading around 1.0820 on Monday, rebounding slightly from last week’s low of 1.0795. The euro has pulled back from its recent high of 1.0955 with uncertainty over Germany’s fiscal policy and rising global trade tensions.
Caution persists before the April 2 announcement of new U.S. tariffs, which could weigh on the eurozone. Despite the modest recovery, the euro remains under pressure from stronger U.S. Treasury yields and demand for the dollar.
Key resistance is at 1.0860, followed by 1.0950 and 1.1000. Support stands at 1.0800, with further levels at 1.0730 and 1.0670.
Gold Analysis By zForex Research Team - 03.24.2025
Ukraine Talks and Gaza Tensions Influence XAUUSD
Gold dipped to around $3,015 per ounce as hopes for a Russia-Ukraine peace deal grew after talks between Ukrainian and U.S. officials. Further negotiations with Russia are expected later today.
Despite the drop, gold remains supported by the tension over U.S. tariffs and Fed rate cut expectations. The Fed kept rates steady last week while signaling two potential cuts this year. Meanwhile, geopolitical pressures remain high as Israel resumed airstrikes on Hamas targets in Gaza.
Key resistance stands at $3082, with further levels at $3100 and $3,150. Support is at $3000, followed by $2,980 and $2,916.
Daily Analysis By zForex Research Team - 03.25.2025
Gold Steady, Pound Awaits Budget
The yen stays weak near 150.7 as Japan faces export concerns and the BOJ hints at future rate hikes.
Gold holds near $3,010 with uncertainty over Trump’s tariffs and cautious Fed commentary, with attention turning to upcoming PCE data. EUR/USD trades at $1.08 as strong U.S. PMI data and easing tariff fears strengthen against the euro. GBP/USD remains stable at $1.292, supported by UK fiscal optimism ahead of the spring budget. Silver climbs to $33.10 on China growth comments.
EUR/USD Analysis By zForex Research Team - 03.25.2025
US PMI Strength Drives Dollar Higher
EUR/USD is trading at $1.08 as the U.S. dollar strengthens on solid U.S. services PMI data, which signaled economic resilience and pushed yields higher. Confidence in the dollar was further enabled by Trump’s remarks suggesting not all April 2 tariffs will be implemented, with possible exemptions for some countries. Meanwhile, the euro is under pressure as its recent rally fades and Eurozone economic signals weaken, keeping EUR/USD on a downward path driven by dollar strength.
Key resistance is at 1.0860, followed by 1.0950 and 1.1000. Support stands at 1.0730, with further levels at 1.0660 and 1.0600.
USD/JPY Analysis By zForex Research Team - 03.25.2025
Japan's Tariff Worries and BOJ Rate Hike Hints
The Japanese yen remained weak around 150.7 per dollar on Tuesday, near a three-week low, as the U.S. dollar gained strength. Trump's plan to impose tariffs on autos, pharmaceuticals, and other sectors raised concerns for Japan’s export-driven economy.
BOJ minutes from January showed officials remain open to future rate hikes depending on wage and inflation trends, with one member suggesting a possible increase to 1% in late fiscal 2025. Still, the BOJ kept rates steady at 0.5% last week, maintaining a cautious stance with global tensions.
Key resistance is at 151.70, with further levels at 152.70 and 154.00. Support stands at 147.00, followed by 145.80 and 143.00.
