Daily Global Market Update – 7th March, 2025

Financial markets are displaying notable movements across currency pairs, precious metals, and indices, with investors keenly awaiting the release of the US Nonfarm Payrolls (NFP) report later today. Here’s a breakdown of the key developments shaping the market landscape:

Moneta Markets | 53 days ago

NZD/USD: Testing Key Support LevelsThe New Zealand Dollar (NZD) against the US Dollar (USD) is under scrutiny as it approaches a critical support level near 0.5700, aligning closely with its 50-day Exponential Moving Average (EMA). Analysts suggest that this level could act as a pivotal point for the “Kiwi,” with a potential retest signaling either a consolidation or a deeper bearish move depending on broader market sentiment and the upcoming US employment data. The pair’s direction remains uncertain, but traders are watching closely for any breakout or reversal cues.

Pound Sterling: Resilience Ahead of US DataThe Pound Sterling (GBP) is holding firm against the US Dollar, maintaining its recent gains as markets brace for the US NFP report. This resilience comes despite global uncertainties, including ongoing trade war fears, with GBP/USD buoyed by a softer US Dollar. Investors are optimistic that the employment figures could further influence the pair, potentially reinforcing Sterling’s strength if the data disappoints and weakens the USD further.

US Dollar: Retreat ContinuesThe US Dollar is experiencing sustained downward pressure, with the US Dollar Index (DXY) breaking below the 104.00 mark. This decline coincides with falling US Treasury yields, reflecting market anticipation of the NFP data, which could either exacerbate or reverse this trend. A weaker-than-expected jobs report might fuel expectations of a dovish Federal Reserve stance, adding to the USD’s retreat, while a strong report could provide some relief to the beleaguered currency.

Gold: Rebounding Amid USD WeaknessGold prices are staging a recovery, climbing from sub-$2,900 levels to hover above this threshold. The rebound is supported by persistent USD selling and heightened concerns over a potential global trade war, which are enhancing gold’s appeal as a safe-haven asset. With the NFP data on the horizon, gold’s trajectory remains sensitive to shifts in US economic indicators and investor risk appetite, though its current momentum suggests bullish sentiment in the near term.

Broader Market ContextThe forex market is in a state of cautious flux, with the US Dollar’s ongoing retreat setting the tone for other major currencies and assets. The interplay between falling Treasury yields, trade war anxieties, and the looming NFP release is keeping traders on edge. While the Pound Sterling holds steady and gold gains traction, the NZD/USD pair’s proximity to key technical levels underscores the market’s delicate balance.

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ATFX Market Outlook 2nd May 2025

Markets rallied overnight on upbeat sentiment. The U.S. Dollar Index extended gains for a third session, reclaiming the 100 mark to close at 100.18, supported by optimism over trade talks and stronger-than-expected ISM manufacturing data. U.S. Treasury yields climbed across the curve, with the 10-year yield at 4.221% and the 2-year at 3.709%.

ATFX | 13h 35min ago

ATFX Market Outlook 30th April 2025

On Tuesday, President Trump signed an executive order combining tariff credits and duty exemptions for specific auto parts to mitigate the impact of auto tariffs. U.S. stocks rose sharply, with the Dow Jones up 0.75%, the S&P 500 gaining 0.58%, and the Nasdaq climbing 0.55%. The benchmark 10-year U.S.

ATFX | 2 days ago

GBP/USD Hits New High: The Pound Defies Market Pressures

The British pound has reached another three-year peak against the US dollar, stabilising around 1.3400.

RoboForex | 3 days ago

ATFX Market Outlook 29th April 2025

The S&P 500 index closed nearly flat on Monday after a choppy session, weighed down by losses in mega-cap stocks. Investors focused on several key drivers, including upcoming significant U.S. corporate earnings and critical economic data. Among the three major U.S. stock indexes, the Dow Jones Industrial Average rose 0.28%, the S&P 500 gained 0.06%, and the Nasdaq Composite slipped 0.1%.

ATFX | 3 days ago

ATFX Market Outlook 28th April 2025

A new survey from the Federal Reserve indicates that rising global trade risks, overall policy uncertainty, and concerns about U.S. debt sustainability rank among the top potential threats to the U.S. financial system. U.S. consumer confidence declined for the fourth consecutive month in April, as worries grew over the economic impact of tariffs.

ATFX | 4 days ago

ATFX Market Outlook 25th April 2025

U.S. initial jobless claims rose only slightly last week, suggesting that the labour market remains resilient despite the uncertainty caused by chaotic trade policies. Federal Reserve officials stated in interviews that they see no need to adjust monetary policy and are seeking more information on how President Trump’s trade tariffs might affect the broader economy.

ATFX | 7 days ago

Todays economic news date poised to shape market sentiment as trade tensions and economic uncertainties linger: April 24, 2025

Global financial markets on April 24, 2025, are navigating a complex interplay of fading US-China trade deal optimism and persistent safe-haven demand, with gold holding above $3,300 and the Japanese Yen gaining traction.

Moneta Markets | 8 days ago

ATFX Market Outlook 24th April 2025

U.S. Treasury Secretary stated that the high tariffs between China and the U.S. are unsustainable and that both sides should reduce tariffs before resuming negotiations. U.S. stocks rose on Wednesday as hopes of easing U.S.-China trade tensions were rekindled.

ATFX | 8 days ago

EURUSD	1.13242	GBPUSD	1.32892	AUDUSD	0.64527
USDJPY	144.661	USDCAD	1.37888	USDCHF	0.8275