Daily Global Market Update – 19th March, 2025

Global markets are pulsing with anticipation and mixed signals as economic data, Fed expectations, and commodity shifts steer the course. Here’s a rundown of the latest developments shaping today’s market, focusing on EUR/USD, gold, GBP/USD, and WTI crude oil:

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EUR/USD Swings Between 1.0905 and 1.0970The Euro (EUR) against the US Dollar (USD) is set for a choppy ride, likely trading between 1.0905 and 1.0970, according to UOB Group analysts. This comes as the pair hovers near 1.0930 in early European trading, pressured by a resurgent USD ahead of the Fed’s rate decision. A softer Greenback earlier this week had lifted EUR/USD to a five-month high of 1.0967, but with the FOMC outcome looming, volatility is the name of the game.

Gold Takes a Breather Near Record HighsGold (XAU/USD) bulls are catching their breath after pushing prices to a fresh all-time high above $3,038. Trading around $3,029 in the European session, the precious metal is consolidating as markets await the Fed’s next move, expected to hold rates steady at 4.25%-4.50%. Despite a slight pullback, gold’s safe-haven allure remains strong amid tariff uncertainties and a shaky USD, keeping it poised near the $3,000 mark.

GBP/USD Climbs Unevenly Toward 1.3030The Pound Sterling (GBP) versus the US Dollar (USD) is expected to edge higher in an uneven fashion, ranging between 1.2955 and 1.3030, per UOB Group. After dipping to 1.2925 last week, GBP/USD is gaining traction near 1.2980, buoyed by a weaker USD and cautious optimism. However, the Fed’s decision and potential US economic slowdown fears could cap its ascent, making for a bumpy ride.

WTI Crude Oil Turns Bearish Below $67.00WTI crude oil prices are tilting bearish at the European opening, slipping below $67.00 per barrel from a recent high of $68.34. This downturn follows a volatile stretch, with prices retreating from a two-week peak amid easing Middle East tensions and a stronger USD. OPEC+ plans to ramp up production from April add further downward pressure, though China’s demand outlook offers a faint glimmer of support.

Broader Market ContextMarkets are on tenterhooks as the Fed’s rate decision looms large. EUR/USD’s choppy dance reflects USD uncertainty, while gold holds firm near record territory, signaling safe-haven demand. GBP/USD’s uneven climb contrasts with WTI’s bearish slide, highlighting a split between risk assets and commodities. With the USD Index (DXY) testing 103.70 and tariff talks simmering, the interplay of Fed guidance and global risk sentiment will steer the next wave. Ready to trade these market moves? Create an account now and stay ahead of the curve!

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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.

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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.

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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%.

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Technical Outlook on USDJPY, EURUSD, BTCUSD

USDJPY finds solid footing near familiar support zone; BoJ expected to hold rates steady. EURUSD shifts to the sidelines ahead of Eurozone CPI inflation. BTCUSD returns to bullish path as traders await US GDP, core PCE inflation, and Nonfarm Payrolls.

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Gold Under Pressure as Market Hopes for US-China Trade Progress

The price of gold fell on Monday, dropping to 3,290 USD per troy ounce amid easing market tensions. The sell-off in the safe-haven asset was driven by reduced risk aversion, as trade tensions between the US and China showed signs of easing.

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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.

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EUR/USD Stuck in Consolidation: Rumours Abound, but Facts Remain Scarce

On Friday, the major currency pair became further entrenched within a local sideways channel, hovering around 1.1339. The US dollar retained gains accumulated over recent sessions, supported by US President Donald Trump’s confirmation that trade negotiations with China would continue.

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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.

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EURUSD	1.12882	GBPUSD	1.32768	AUDUSD	0.63823
USDJPY	145.477	USDCAD	1.38496	USDCHF	0.82977