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.
Daily Analysis By zForex Research Team - 04.14.2025
Dollar Hits 3-Year Low as Tariff Uncertainty Weighs on Markets
The U.S. dollar index fell to a three-year low near 99.5 as markets weighed the Trump administration’s shifting tariff policies and broader economic concerns.
While temporary exemptions on tech imports eased tensions slightly, uncertainty remains over potential duties within months. The euro strengthened toward $1.14, the yen rallied on safe-haven demand, and gold retreated from record highs. Meanwhile, the pound held firm amid growing BoE rate cut expectations, and silver slipped after a sharp weekly gain. Investors now look ahead to Fed Chair Powell’s upcoming speech for clarity on rate policy.
EUR/USD Analysis By zForex Research Team - 04.14.2025
Dollar Hits 3-Year Low amid Tariff Policy Uncertainty
EUR/USD traded around 1.1390 on Monday after opening lower, while the U.S. dollar index fell to 99.5, its lowest in three years, amid concerns over the U.S. economic outlook and policy uncertainty. The drop followed the Trump administration’s decision to exempt certain tech products from tariffs under the new “reciprocal” trade policy. However, Commerce Secretary Lutnick said these items may still face duties within two months, and Trump confirmed they remain under the 20% Fentanyl Tariffs. Despite a 3% weekly drop in the dollar index and weak consumer sentiment data, Lutnick said he is “not worried” about the dollar.
Key resistance is at 1.1400, followed by 1.1475 and 1.1500. Support lies at 1.1260, then 1.1180 and 1.1100.
Gold Analysis By zForex Research Team - 04.14.2025
Gold Eases to $3,220 as Trade Tensions Cool Slightly
Gold fell to around $3,220 on Monday, retreating from its $3,245 record high, as trade tensions eased after Trump granted tariff exemptions on electronics from China. However, Commerce Secretary Lutnick said these goods, including semiconductors, may face new duties within two months, adding uncertainty. Last week’s rally was driven by safe-haven demand after Trump raised tariffs on Chinese goods to 145%, prompting China to hike tariffs on U.S. imports to 125%, effective Saturday. Markets now await Fed Chair Powell’s speech on Wednesday for clues on future rate cuts.
Key resistance is at $3,250, followed by $3,300 and $3,350. Support stands at $3165, then $3135 and $3090.
Daily Analysis By zForex Research Team - 04.15.2025
Tariff Delay Calms Markets; Focus Turns to Powell
The U.S. dollar index stabilized near 100 on Tuesday after a three-day slump, as the White House paused some tech tariffs and hinted at a delay in auto levies.
EUR/USD hovered near 1.1330, while the yen softened on reduced safe-haven demand. Gold rose past $3,220 as Fed rate cut bets intensified following comments from Governor Waller. Sterling climbed to a six-month high despite expectations of BoE easing, and silver paused after a four-day rally. Markets now look ahead to U.S.-Japan trade talks and Powell's upcoming remarks.
USD/JPY Analysis By zForex Research Team - 04.15.2025
Tech Tariff Pause Pressures Yen
The Japanese yen slipped below 143 per dollar Tuesday as risk appetite improved, reducing safe-haven demand. The shift followed Trump’s tariff exemptions on select tech goods and the possible delay of the 25% auto tariff. Still, caution persisted after the U.S. launched a national security probe into semiconductors and pharmaceuticals, which are key Asian exports. Focus now turns to U.S.-Japan trade talks later this week, with Japan’s Akazawa Ryosei meeting Treasury Secretary Bessent and Trade Rep. Greer. Japan, currently under a reduced 10% tariff, is expected to seek better terms.
Key resistance is at 144.20, with further levels at 148.30 and 152.50. Support stands at 141.80, followed by 141.00 and 139.65.
Silver Analysis By zForex Research Team - 04.15.2025
Silver Eases as Rally Pauses
Silver opened slightly lower after a four-day rally, entering a correction phase following recent volatility. The metal remains sensitive to trade tensions and upcoming comments from Fed Chair Powell, as markets weigh growth concerns against inflation expectations for clues on future policy.
Geopolitical uncertainty from the ongoing U.S.-China trade war continues to weigh on sentiment.
Resistance levels are seen at 32.50, with further hurdles at 33.00 and 33.80, while support is located at 31.40, followed by 30.20 and 29.20 if the decline extends.
Daily Analysis By zForex Research Team - 04.16.2025
Safe-Haven Demand Lifts Gold, Yen, and Pound
The U.S. dollar index dropped below 100 on Wednesday, nearing a three-year low, as investors awaited remarks from Fed Chair Jerome Powell.
The EUR/USD held near 1.1323 despite mixed Eurozone data. The Japanese yen rose past 143 on safe-haven flows and fresh trade tensions. Gold surged to a new all-time high above $3,260, while silver remained firm around $32.30. The British pound climbed to $1.32 on optimism over delayed U.S. auto tariffs and rising BoE rate cut expectations.
EUR/USD Analysis By zForex Research Team - 04.16.2025
EUR/USD Stable as Dollar Slides
The EUR/USD pair hovered near 1.1323 early Wednesday, while the U.S. Dollar Index fell below the 100 mark, approaching its lowest level in nearly three years. Investors remain focused on an upcoming speech by Federal Reserve Chair Jerome Powell, as the central bank seeks to support economic growth while managing inflation risks heightened by recent tariff developments. In the Eurozone, industrial production data exceeded expectations, though the ZEW economic sentiment index fell short of forecasts in Tuesday’s releases.
Key resistance is at 1.1400, followed by 1.1475 and 1.1500. Support lies at 1.1260, then 1.1180 and 1.1100.
GBP/USD Analysis By zForex Research Team - 04.16.2025
Pound Gains on Easing Trade Risks
The British pound climbed above $1.32 on Wednesday, a six-month high, supported by easing trade tensions and shifting BoE expectations. Hopes that Trump may delay auto tariffs boosted UK exporters, especially auto parts firms.
Markets are nearly fully pricing in a BoE rate cut in May, as companies begin job cuts ahead of tax hikes and rising wage costs. Private wage growth stayed high at 5.9%, but March saw a sharp drop in employment.
While a stronger pound may ease inflation near term, upcoming energy and regulated price hikes could complicate BoE policy. Rate cut expectations are rising.
If GBP/USD breaks above 1.3270, resistance levels are at 1.3430 and 1.3500. Support is at 1.3015, followed by 1.2900 and 1.2700.
Daily Analysis By zForex Research Team - 04.17.2025
Dollar Rebounds on Powell Comments; Gold Holds, Silver Climbs
The U.S. dollar rebounded on Thursday, with the Dollar Index climbing above 99.5 as Fed Chair Powell pushed back on immediate rate cuts.
EUR/USD steadied near 1.1370, while the yen weakened past 142 amid cautious sentiment. Gold held above $3,330 on safe-haven demand and ongoing trade tensions. The British pound eased to $1.3225 after a seven-day rally, with UK inflation softening. Silver remained firm above $32.50, as markets digested Powell’s inflation warnings and a White House review of mineral tariffs.
USD/JPY Analysis By zForex Research Team - 04.17.2025
Yen Weakens Past 142 as Powell Pushes Back on Rate Cuts
The Japanese yen weakened past 142 per dollar on Thursday as the U.S. dollar rebounded after Fed Chair Powell signaled no imminent rate cuts. He warned that tariffs could raise inflation and slow growth. Japan’s March exports missed forecasts due to weaker demand from China and the EU, though rising imports pointed to stable domestic demand. Economy Minister Ryosei Akazawa said currency issues were not on the agenda in current U.S. trade talks, where Japan continues pushing for the removal of Trump-era tariffs, including a 10% base rate and an extra 25% on auto exports.
Key resistance is at 144.20, with further levels at 148.30 and 152.50. Support stands at 141.80, followed by 141.00 and 139.65.
Gold Analysis By zForex Research Team - 04.17.2025
Gold Holds Above $3,330 on Trade Uncertainty
Gold held above $3,330 on Thursday after a 3% jump, supported by safe-haven demand amid U.S. trade policy uncertainty. The Trump administration paused tariffs on some tech goods but opened new probes into semiconductor and pharmaceutical imports, possibly leading to fresh levies. Fed Chair Jerome Powell signaled no immediate rate changes, warning tariffs could raise inflation and slow growth. Investors are also watching for progress in U.S.-China trade talks, with Beijing open to negotiations under specific conditions.
Key resistance is at $3360, followed by $3,380 and $3,400. Support stands at $3290, then $3245 and $3190.
