GOLD
<\/strong>The price of Gold (XAUUSD) experienced a consecutive two-day decline last Friday, closing at $3,023.54 per troy ounce. Gold had previously set an all-time high of $3,057 per troy ounce.<\/p>\nThe strengthening of the US dollar sparked profit-taking on Gold, leading to its two-day drop. Without further escalation in the trade war, profit-taking on Gold could continue during the European trading session.<\/p>\n\n
OIL<\/strong>
Oil prices (CLS10) ended Friday’s trading flat at $68.29 per barrel, following a sharp increase over the past two days.<\/p>\nOil received upward sentiment after the United States imposed sanctions on Iranian oil products. Additionally, Israel’s renewed attacks on Gaza, following a two-month ceasefire, further contributed to the rise in oil prices. This sentiment is expected to continue influencing oil movements during the European trading session.<\/p>\n\n
EURUSD<\/strong>
EURUSD dropped for three consecutive days last Friday, closing at 1.08127. Over the three days, EURUSD fell by 1,320 points (132 pips) to 1.08127.<\/p>\nThe decline in EURUSD was exacerbated after the European Central Bank (ECB) Governor indicated that the US-Europe trade war might cut eurozone economic growth by up to 0.5 percentage points.<\/p>\n
Nonetheless, EURUSD could receive positive sentiment if German and eurozone PMI data released today are higher than forecast.<\/em><\/p>\n\nGBPUSD<\/strong>
GBPUSD recorded a two-day decline last Friday, closing trading at 1.29178. Sentiment for GBPUSD was generally positive as the BoE took a relatively hawkish stance; however, the drop in EURUSD triggered profit-taking in this currency pair.<\/p>\nIn the European trading session, GBPUSD could gain positive sentiment if the UK manufacturing and services PMI data performs well.<\/p>\n\n
USDJPY<\/strong>
USDJPY saw consecutive gains over two days on Friday and continued its upward trend this morning at 149.954. Since Thursday, USDJPY has risen a total of 1,269 points (126 pips).<\/p>\nThis movement indicates that the US dollar is starting to build momentum, particularly due to the poor performance of European currencies. However, if European currencies manage to rebound today, there is potential for USDJPY to reverse its gains as well.<\/p>\n\n
Nasdaq<\/strong>
The Nasdaq index recorded a rise, closing Friday’s trading at 19,969 after experiencing very volatile movements. Today, the Nasdaq surged to 20,137, indicating a more positive sentiment for the stock index following The Fed’s indication of two additional rate cuts this year.<\/p>\nMoreover, The Fed also projected that President Donald Trump\u2019s policies would have only a temporary impact on the economy. This sentiment is likely to continue influencing market movements during the European trading session.<\/p>\n\n","protected":false},"excerpt":{"rendered":"
The announcements regarding monetary policy from the Bank of Japan (BoJ), the Bank of England (BoE), and the Federal Reserve (The Fed) led to significant volatility in the financial markets last week. Noteworthy movements were also observed in trading on Monday (March 24, 2025), potentially signaling continued high volatility today. According to Trading Central, here […]<\/p>\n","protected":false},"author":4,"featured_media":21040,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5170,142],"tags":[5175,5174,5176,5178,5177,5168],"class_list":["post-48289","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily-summary","category-news","tag-cls10","tag-eurusd","tag-gbpusd","tag-nq","tag-usdjpy","tag-xauusd"],"yoast_head":"\n
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