Forex Fundamental And Technical Analysis

[CSFX.Support]

Forex Market Reacts to US Tariffs: EUR/USD Rises, USD/JPY Falls Ahead of NFP Report.​

Major currency pairs remain volatile on Friday as global markets react to sweeping trade tariffs announced by U.S. President Donald Trump. Mounting fears of a global economic slowdown, shifting central bank expectations, and anticipation of the U.S. Nonfarm Payrolls report are driving sharp movements across the EUR, GBP, JPY, and AUD.

KEY HIGHLIGHTS ​

• EUR/USD Rises as US Dollar Weakens Before Key Data.
• GBP/USD Holds Strong Amid US Tariff Shock and Uncertainty.
• USD/JPY Drops as Investors Seek Safe-Haven Amid Tariff Risks.
• AUD/USD Declines on Trade War Concerns and RBA Rate Bets.

Markets in Focus Today​

EUR/USD: Euro Climbs Past 1.1050 Ahead of U.S. Nonfarm Payrolls​

The EUR/USD pair extends its gains for a third consecutive session, trading around 1.1080 during early European hours on Friday. This upward momentum is driven by broad-based weakness in the U.S. Dollar. Key data releases, including German Factory Orders and the U.S. Nonfarm Payrolls report, remain in focus.

Market Drivers​

• President Trump announced sweeping global tariffs, including:
• 10% base duty on imports from most U.S. trading partners.
• 20% tariff on European Union (EU) goods.
• Additional higher tariffs on imports from other major trade allies.
• These measures, set to take effect on April 9, have raised concerns over a global economic slowdown.
• The market is pricing in an 80% probability of a 25 basis points rate cut by the European Central Bank (ECB) in April.

Technical Overview

​

Moving Averages:

• Exponential:
• MA 10: 1.0882 | Positive Crossover | Bullish
• MA 20: 1.0825 | Positive Crossover | Bullish
• MA 50: 1.0693 | Positive Crossover | Bullish
• Simple:
• MA 10: 1.0844 | Positive Crossover | Bullish
• MA 20: 1.0861 | Positive Crossover | Bullish
• MA 50: 1.0624 | Positive Crossover | Bullish

Indicators:

• RSI: 66.72 | Buy Zone | Bullish
• Stochastic Oscillator: 61.33 | Buy Zone | Neutral

Key Levels:

• Resistance: R1: 1.0938, R2: 1.1074
• Support: S1: 1.0495, S2: 1.0358

Market Sentiment: Bullish

Trade Suggestion:

• Limit Buy: 1.0859
• Take Profit: 1.1070
• Stop Loss: 1.0734

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GBP/USD: Pound Sterling Holds Firm Amid U.S. Economic Pressures​

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