Daily Global Analysis By zForex

[Z Forex]

Daily Analysis By zForex Research Team - 04.21.2025​

Dollar's Dip Impacts Currencies and Gold​

The financial markets experienced significant fluctuations, driven by a weakening U.S. dollar and escalating trade tensions.

The EUR/USD climbed with concerns over the Federal Reserve's independence, while the Japanese yen strengthened as the dollar weakened. Gold prices surged to a new all-time high, fueled by trade fears and a low-yield environment. The British pound extended its winning streak, supported by the dollar's slide, and silver prices hovered.

EUR/USD Analysis By zForex Research Team - 04.21.2025​

EUR/USD Surges to 1.1470 on Dollar's Three-Year Low​

EUR/USD opened the week with strong momentum, climbing to around 1.1470 on Monday morning. This surge came as the U.S. dollar index dropped to a fresh three-year low near 98.6, pressured by rising concerns about the Federal Reserve’s independence. Market anxiety intensified following renewed criticism from President Donald Trump, who stated last week that the removal of Fed Chair Jerome Powell "cannot come fast enough," calling for deeper rate cuts. These remarks added to ongoing market unease already fueled by trade tensions and policy uncertainty under the Trump administration.

Key resistance levels are seen at 1.1530, 1.1600, and 1.1680, while support is located at 1.1400, 1.1260, and 1.1180.

Gold Analysis By zForex Research Team - 04.21.2025​

XAU/USD Driven by ECB Rate Cut​

Gold prices surged more than 1% on Monday, reaching a new all-time high above $3,370 per ounce. The rally was driven by intensifying global trade tensions and a weakening U.S. dollar, which has fallen to its lowest level in three years. The dollar’s decline has made gold more attractive to non-dollar investors.

The latest catalyst came from President Trump’s order for a probe into possible new tariffs on all U.S. critical mineral imports, sparking further trade fears, especially with China. The ECB’s recent rate cut also strengthened gold’s appeal in a low-yield environment. Sentiment was further shaken after White House adviser Kevin Hassett confirmed that the administration is still reviewing Powell’s position, deepening concerns about the Fed’s autonomy.

Key resistance is at $3400, followed by $3,450 and $3,500. Support stands at $3356, then $3310, and $3250.

 

[Z Forex]

Daily Analysis By zForex Research Team - 04.22.2025​

The dollar weakened further on Tuesday as concerns over the Fed’s independence and mounting U.S.-China trade tensions rattled investors.
EUR/USD remained firm above 1.15, while the Japanese yen surged to seven-month highs and gold hit a record above $3,460 on safe-haven flows. The British pound extended gains despite softer inflation data, and silver rebounded toward $33 amid geopolitical risks. Markets now await central bank commentary and trade policy clarity amid rising political noise.

EUR/USD Analysis By zForex Research Team - 04.22.2025​

EUR/USD Holds Firm as U.S. Policy Uncertainty Grows​

EUR/USD traded around 1.1530 on Tuesday, while the dollar index remained around 98.4, weighed down by concerns about the Federal Reserve’s independence and escalating trade tensions. President Trump called for swift rate cuts and suggested removing Fed Chair Jerome Powell, fueling worries over political influence on monetary policy. The sentiment was further impacted by stalled US-China negotiations and China’s warnings to countries aligning with Washington.

Key resistance is at 1.1550, followed by 1.1600 and 1.1680. Support lies at 1.1400, then 1.1260 and 1.1180.

GBP/USD Analysis By zForex Research Team - 04.22.2025​

UK Inflation Eases, But Pound Strengthens​

The British Pound rose above $1.34 on Tuesday, its highest level in seven months, supported by broad dollar weakness. This gain came despite UK inflation softening more than expected, with headline CPI at 2.6% and services inflation down to 4.7%. Easing price pressures led markets to raise expectations for Bank of England rate cuts, now pricing in 86 basis points of easing by year-end, with a fourth cut increasingly likely.

If GBP/USD breaks above 1.3430, resistance levels are at 1.3500 and 1.3550. Support is at 1.3300, followed by 1.3200 and 1.3050.