EUR/GBP Price Analysis: Euro stalls below the 0.8740 resistance area
EUR/GBP’s reversal from one-month highs at 0.8740 found support above 0.8700 earlier this week, before stalling halfway through the last few days’ range around 0.8720.
EUR/GBP’s reversal from one-month highs at 0.8740 found support above 0.8700 earlier this week, before stalling halfway through the last few days’ range around 0.8720.
USD/CHF remains steady after registering over 0.5% gains in the previous day, trading around 0.7980 during the Asian hours. The pair moves little as trading activity may remain subdued due to the Good Friday holiday.
EUR/USD remains subdued for the second successive day, trading around 1.1540 during Asian hours on Friday. The daily chart technical analysis indicates a potential bullish reversal as the pair is testing the upper boundary of the descending channel pattern.
The NZD/USD pair is trading around the 0.5710 region, maintaining a bearish tone amid heightened geopolitical tensions and risk aversion, as the US Dollar (USD) strengthens.
Silver (XAG/USD) trades with a downside bias on Thursday, coming under pressure as macro headwinds stemming from the ongoing US–Israel war with Iran weigh on sentiment.
WTI and Brent Oil update: Market skepticism grows as President Trump’s optimistic rhetoric clashes with a 14% spike in WTI prices. As traders pivot toward tomorrow's NFP data and potential weekend escalations, the Oil-Stock inverse correlation persists amid the ongoing Hormuz blockade. Explore an intraday outlook and technical levels for WTI and Brent.
S&P 500, Dow Jones, Nasdaq Analysis and Trading Levels: Market certainty vanishes as President Trump’s latest U-turn and reported Iranian attacks on US infrastructure shatter de-escalation hopes. With WTI struggling to close below the $100 mark and the Pentagon preparing for limited ground operations, equity benchmarks face a fragile holiday session. Explore an intraday technical analysis of the markets ahead of the NFP release.
NFP Preview: Can the labor market withstand the "Stagflation" storm? Geopolitical oil shocks are reigniting inflation, trapping the Fed between fighting rising energy prices and a cooling jobs market. Get consensus forecasts for the March employment report (NFP, wages, unemployment) and scenario-based reactions for the DXY and Dow Jones.
The British Pound retreats during the North American session after US President Donald Trump escalated the conflict, hinting that it will at least extend for two to three weeks. At the time of writing, the GBP/USD trades at 1.32144, down 0.40%.
The AUD/USD fell to near the 0.6890 price region on Thursday, as markets turned sour amid escalating Middle East fighting and a surge in the safe-haven US Dollar (USD).