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Daily Global Market Update – 12th March, 2025

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Daily Global Market Update – 12th March, 2025

Market Update: March 11, 2025

As of Tuesday, March 11, 2025, financial markets are showing resilience in certain currency pairs and precious metals, driven by a mix of US economic concerns and European optimism. Here’s a breakdown of the key developments shaping the market today:

EUR/USD: Firm Above 1.0900 with Four-Month Highs

The Euro (EUR) against the US Dollar (USD) is holding strong above the 1.0900 level, refreshing a four-month high. This strength is fueled by a slumping US Dollar, as fears of a US economic slowdown deepen amid uncertainties tied to President Donald Trump’s tariff policies. Additionally, optimism surrounding Germany’s fiscal negotiations—particularly the Green Party’s potential support for a defense spending deal—bolsters the Euro, pushing EUR/USD to new heights. Investors are eyeing upcoming US data releases for further direction.

NZD/USD: Holding Above Key Support

The New Zealand Dollar (NZD) versus the US Dollar is likely to edge lower but is expected to stay above the critical support level of 0.5660, according to UOB Group analysts. Despite a slight increase in downward momentum, the “Kiwi” lacks the strength to break this threshold, suggesting a recovery toward 0.5775 remains out of reach for now. The pair’s stability reflects cautious market sentiment amid broader USD weakness.

Silver: Rising Amid Market Shifts

Silver prices (XAG/USD) are on the uptick, trading at $32.44 per troy ounce, a 0.98% increase from Monday’s $32.13, per FXStreet data. This rise follows a year-to-date gain of 12.28%, with silver benefiting from a weaker US Dollar and its appeal as a safe-haven asset. The Gold/Silver ratio has slightly declined to 89.72, hinting at silver’s relative strength. Traders are watching whether this momentum can push prices toward higher resistance levels.

Broader Market Context

On March 11, 2025, the market narrative is dominated by a faltering US Dollar, pressured by growing concerns over a potential US economic slowdown linked to tariff-driven turbulence. This backdrop lifts EUR/USD to a four-month peak, supported by positive developments in Germany’s fiscal policy talks. Meanwhile, NZD/USD holds steady above key support, and silver gains ground, reflecting a mix of safe-haven demand and USD softness. Key US data, including JOLTS Job Openings and CPI figures due later this week, could sway these trends further.

 

In summary, March 11, 2025, highlights a robust Euro and rising silver prices against a backdrop of US Dollar weakness. NZD/USD’s resilience above 0.5660 adds a layer of stability, while markets await US economic indicators to clarify the next moves. Investors should monitor technical levels and forthcoming data for signs of continuation or reversal in these dynamics.

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Daily Global Market Update – 10th March, 2025

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Daily Global Market Update – 10th March, 2025

Market Update: March 10, 2025

As of Monday, March 10, 2025, financial markets are navigating a shifting landscape, with the US Dollar staging a recovery and influencing currency pairs and precious metals. Here’s a detailed overview of key market movements based on the latest developments:

Gold: Slipping Below $2,900

Gold prices have dipped below the $2,900 mark, pressured by a rebound in the US Dollar from its multi-month lows. Despite this decline, gold remains confined within a familiar trading range above $2,900, suggesting a tug-of-war between bearish USD-driven momentum and its safe-haven appeal. Investors are monitoring whether this pullback signals a broader correction or a temporary setback, with global economic cues and USD strength likely to dictate the next move.

AUD/JPY: Struggling Below 93.50

The Australian Dollar (AUD) against the Japanese Yen (JPY) is holding below the 93.50 level after trimming some of its recent losses. This pair’s subdued performance reflects a cautious market mood, with the AUD unable to sustain upward momentum amid a resurgent USD and lingering uncertainties. Traders are eyeing potential support levels, as a failure to reclaim 93.50 could reinforce bearish sentiment in the near term.

Pound Sterling: Steady Amid US Concerns

The Pound Sterling (GBP) continues to hold onto gains against the US Dollar, buoyed by growing concerns over the US economic outlook. Despite the USD’s rebound, GBP/USD remains resilient, with market participants seemingly more focused on weakening US fundamentals than the Dollar’s short-term recovery. This dynamic suggests that Sterling could maintain its edge unless US data surprises to the upside in the coming days.

Silver: Breaking Key Support

Silver (XAG/USD) has broken below the $32.50 level, with its next support appearing near the nine-day Exponential Moving Average (EMA). This breach highlights silver’s vulnerability to the USD’s newfound strength, though the proximity to the EMA offers a potential floor for prices. The white metal’s direction will likely hinge on whether this support holds or if further downside pressure emerges, driven by broader market trends.

Broader Market Context

The financial markets on March 10, 2025, reflect a nuanced interplay of forces. The US Dollar’s rebound from multi-month lows is exerting downward pressure on precious metals like gold and silver, while currency pairs such as AUD/JPY struggle to regain traction. Meanwhile, the Pound Sterling’s steadfastness underscores a market increasingly wary of the US economic trajectory, even as the USD shows signs of life. The absence of major data releases today leaves technical levels and sentiment as key drivers.

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Daily Global Market Update – 7th March, 2025

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Daily Global Market Update – 7th March, 2025

Market Update: March 7, 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:

NZD/USD: Testing Key Support Levels

The 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 Data

The 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 Continues

The 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 Weakness

Gold 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 Context

The 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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Daily Global Market Update – 6th March, 2025

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Daily Global Market Update – 6th March, 2025

Market Update: March 6, 2025

Financial markets exhibited a dynamic mix of gains and retreats on Thursday, March 6, 2025, driven by currency movements, commodity price shifts, and central bank signals. Here’s a breakdown of the day’s key developments:

Forex Markets: EUR/USD Gains Momentum

The EUR/USD pair saw notable strength, climbing toward 1.0825 in the short term, as forecasted by UOB Group analysts just minutes ago. The UOB Group’s outlook, published at approximately 11:55 AM EST, highlighted technical bullishness for the pair, supported by a weakening U.S. dollar amid easing tariff concerns. This aligns with OCBC’s analysis, released 14 minutes ago, which credited European leaders for giving the euro a “fresh boost” through coordinated economic messaging. The euro’s rally was further bolstered by ING’s observation of “hawkish ECB risks” following a “seismic event” in Europe—potentially a political or policy shift—adding upward pressure on the currency. By late trading, EUR/USD hovered near 1.0800, up 0.8% for the day.

Commodities: Oil Prices Diverge, Gold Pulls Back

Crude oil markets displayed mixed signals. West Texas Intermediate (WTI) dropped to near $66.00 per barrel, a decline attributed by Akhtar Faruqui to concerns over an OPEC+ output increase, as reported 15 minutes ago. However, earlier in the day, FXStreet’s team noted a “bullish” WTI price at the European opening, suggesting intraday volatility as traders digested supply forecasts. Brent crude followed a similar downward trend, settling around $70.50, down 1.2%. Meanwhile, gold prices retreated from a one-week high of $2,920 to $2,908.50 per ounce, a 0.4% dip, as Haresh Menghani reported 23 minutes ago. The pullback reflected receding safe-haven demand following optimism over U.S. tariff exemptions, though gold remained up 0.7% week-to-date.

Central Bank Signals: PBOC Hints at Easing

China’s central bank governor, Pan Gongsheng, announced plans to cut interest rates and the reserve requirement ratio (RRR) “at an appropriate time,” according to Dhwani Mehta’s report 53 minutes ago. This signal of monetary easing lifted sentiment in Asian markets, with the Shanghai Composite edging up 0.5%. The prospect of lower rates also supported a modest recovery in industrial metals, though it failed to offset oil’s decline amid oversupply fears.

Equity Markets: U.S. and Global Response

U.S. stock indexes rose, with the Dow Jones Industrial Average gaining 400 points (0.9%) to 42,921, the S&P 500 up 1% to 5,839, and the Nasdaq advancing 1.3% to 18,526. The rally was partly fueled by a softer dollar and tariff relief optimism, though gains were tempered by commodity weakness. In Europe, the Stoxx 600 rose 0.7%, supported by the stronger euro and ECB hawkishness. India’s Sensex and Nifty 50 also advanced 1% each, tracking global cues and a weaker rupee against the euro.

Market Sentiment and Outlook

The day’s mixed signals—euro strength, oil weakness, and gold’s retreat—reflected a market balancing policy optimism with commodity supply concerns. Analysts from ING and OCBC see potential for further EUR/USD upside if ECB rhetoric remains firm, while UOB’s 1.0825 target suggests near-term momentum. However, oil’s slide and China’s cautious easing stance introduce downside risks for commodity-linked currencies and equities. Investors now await U.S. economic data releases and further clarity on OPEC+ decisions to gauge the next move.

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Daily Global Market Update – 5th March, 2025

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Daily Global Market Update – 5th March, 2025

Market Update: March 5, 2025

Markets are showing mixed signals today—energy prices are softening, while currency pairs like USD/JPY and AUD/USD are testing key levels. Stay tuned for further developments as economic data and geopolitical events continue to shape the landscape.

European Natural Gas Market Sells Off – ING

The European natural gas market is experiencing a downturn, with prices sliding as reported by ING. This sell-off could signal shifting supply-demand dynamics or broader energy market pressures, impacting traders and investors across the continent.

Crude Oil Price Today

WTI Bearish at European Opening: West Texas Intermediate (WTI) crude oil prices opened lower in Europe, reflecting a bearish sentiment. Factors like potential oversupply or geopolitical developments may be weighing on the market, with traders eyeing support levels for the next move.

USD/JPY Tests Resistance at 149.50

The USD/JPY pair is facing resistance near 149.50, close to its nine-day EMA. The Japanese Yen’s strength, possibly fueled by Bank of Japan policy expectations, is challenging the US Dollar’s advance, keeping this pair in focus for forex watchers.

AUD/USD in a Tight Range

According to UOB Group, the AUD/USD pair is likely to stay within a higher range of 0.6230 to 0.6285. Any upward moves are seen as part of this consolidation, with the Australian Dollar showing resilience despite global market fluctuations.

Outlook

Markets are displaying varied indicators today—energy prices are easing, whereas currency pairs such as USD/JPY and AUD/USD are approaching critical thresholds. Keep an eye out for updates as economic figures and geopolitical factors keep influencing the scene.

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Daily Global Market Update – 4th March, 2025

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Daily Global Market Update – 4th March, 2025

Market Update: March 4, 2025

A risk-off sentiment gripped markets on Tuesday, March 4, 2025, as trade war fears and tariff concerns rattled investors. Here’s the latest breakdown of key financial developments.

Euro & Pound Under Pressure

The EUR/USD is struggling to gain traction, treading water below 1.0500 as a cautious mood prevails. Similarly, GBP/USD remains on the defensive below 1.2700, weighed down by escalating fears of a global trade war sparked by U.S. policy shifts. Both currencies are feeling the heat as safe-haven flows dominate.

Aussie Yen Faces Tariff Risks

The AUD/JPY pair is hovering near 93.00, with downside risks mounting amid concerns over potential U.S. tariffs. The Australian dollar’s sensitivity to trade tensions is keeping the pair vulnerable, while the yen draws strength from its safe-haven status.

Gold Eyes $2,900 Breakout

Gold prices are trading with a slight negative bias below $2,900, despite some dip-buying in the U.S. dollar. Bulls are holding back, waiting for a decisive move above this key level to signal fresh upside momentum. Trade uncertainties are supporting gold’s appeal, but conviction remains elusive.

Crypto Feels the Heat

Cryptocurrencies took a $1.1 billion hit in a 24-hour sell-off, triggered by Trump’s tariff rhetoric—just a day after his proposal for a U.S. crypto strategic reserve. The whiplash from policy uncertainty is shaking out weaker hands in the digital asset space.

Outlook

Markets are on edge as tariff threats loom large. EUR/USD and GBP/USD are stuck in a rut, AUD/JPY teeters on the brink, and gold awaits a breakout. Crypto’s sharp drop underscores the fragility of risk assets in this climate. With trade war fears driving sentiment, investors are leaning toward caution, eyeing U.S. policy moves for the next cue.

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Daily Global Market Update – 3rd March, 2025

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Daily Global Market Update – 3rd March, 2025

Market Update: March 3, 2025

Global markets are showing resilience amid shifting dynamics as of Monday, March 3, 2025. With currencies, commodities, and geopolitical tensions in focus, here’s the latest snapshot of the financial landscape.

Silver Stays Firm

Silver (XAG/USD) is holding its ground above $31.00, buoyed by increased safe-haven demand. Amid global uncertainties, the white metal is benefiting from its dual role as a precious and industrial commodity, though it faces resistance to further upside without stronger bullish catalysts.

U.S. Dollar Finds Footing

The U.S. dollar is stabilizing after recent declines, with an initial support level emerging below 107.00 on the Dollar Index (DXY). Despite modest weakness, the greenback’s losses are tempered as traders brace for upcoming U.S. PMI data, which could signal the economy’s next move. Divergent expectations between the Federal Reserve and other central banks are keeping the dollar in a tug-of-war with its peers.

Gold Struggles to Shine

Gold prices are lacking bullish momentum despite a softer dollar and rising trade tensions. Hovering below key resistance, gold’s safe-haven appeal is being tested as uncertainty around U.S. trade policies grows. Investors seem hesitant, awaiting clearer signals from U.S. inflation data and global risk sentiment to drive the next leg of movement.

Japanese Yen Stands Tall

The Japanese yen is holding a positive bias against a broadly weaker U.S. dollar, reversing an intraday dip. Divergent monetary policy outlooks—tightening expectations from the Bank of Japan versus a potentially dovish Fed—are bolstering the yen’s strength. Risk aversion is also lending support, making the yen a standout in the currency space.

Oil Holds Steady

West Texas Intermediate (WTI) crude is maintaining gains above $70.00, driven by rising concerns over a faltering Russia-Ukraine peace deal. Geopolitical risks in the region are keeping oil bulls in play, offsetting any downward pressure from a cautious demand outlook.

Outlook

Markets are in a delicate balance as of March 3rd. The U.S. dollar’s support level and the yen’s resilience highlight currency volatility, while gold and silver reflect cautious safe-haven interest. Oil’s gains underscore geopolitical sensitivity, with all eyes on upcoming U.S. economic releases for direction. Expect a week of measured moves unless fresh catalysts—be it data or headlines—tilt the scales.

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Daily Global Market Update – 28th Feb 2025

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Daily Global Market Update – 28th Feb 2025

Market Update: February 28, 2025

Markets are reeling as risk aversion dominates on Friday, February 28, 2025. With key support levels crumbling and critical U.S. data looming, here’s the latest rundown of today’s financial headlines.

Equities and Tech Take a Hit

The Nasdaq is in freefall, dropping to 20,576 with no buyers stepping in where support was desperately needed—an ugly signal for tech-heavy indices. Nvidia’s upbeat forecast failed to inspire confidence, instead triggering an 8% overnight selloff as investors cashed out, wary of overstretched valuations and a broader risk-off wave. Adding to the tech sector’s woes, Apple faces a lawsuit challenging its ‘carbon neutral’ claims for watches, potentially denting its ESG credentials and investor sentiment.

Currency Markets on Edge

The AUD/USD remains under pressure, eyeing a slide toward 0.6200 as traders await U.S. PCE inflation data, a key gauge of Federal Reserve policy direction. Meanwhile, the USD/JPY is buckling under intense selling, hovering near 149.50. Despite weak Tokyo CPI and Japan’s retail trade figures, the yen is holding firm as a safe-haven amid risk aversion and a sell-off in U.S. Treasury yields.

Gold Breaches Support

Gold prices have pierced through a critical $2,890 support level, with the precious metal now vulnerable ahead of the U.S. PCE inflation report. A hotter-than-expected reading could further pressure gold as yields rise, while a softer report might offer some relief to bulls.

Outlook

It’s a rough day for risk assets, with the Nasdaq’s collapse, Nvidia’s stumble, and gold’s breakdown painting a grim picture. Currency traders are laser-focused on the upcoming U.S. PCE data, which could either deepen the selloff or provide a lifeline. Apple’s legal headache adds another layer of uncertainty to an already shaky tech landscape. With USD/JPY and AUD/USD signaling persistent caution, markets are bracing for a bumpy ride into the weekend.

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Daily Global Market Update – 27th Feb 2025

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Daily Global Market Update – 27th Feb 2025

Market Update: February 27, 2025

Global markets are showing signs of strain on Thursday, February 27, 2025, as a risk-off mood grips investors, fueled by currency pressures and escalating trade rhetoric. Here’s the latest on key developments shaping the financial landscape.

Currency Markets Under Pressure

The Australian dollar (AUD) is facing headwinds, with the AUD/USD pair sliding amid a broader risk-averse sentiment. Technical analysis highlights the Aussie’s vulnerability as it comes under pressure from a cautious global outlook. Traders are eyeing upcoming U.S. economic data, including GDP and PCE inflation figures, which could further sway the pair depending on how they reflect the health of the U.S. economy.

Meanwhile, the EUR/USD is showing signs of a potential squeeze, with market watchers pinpointing key levels to monitor. The euro’s movements are being closely tracked as traders brace for volatility, driven by diverging monetary policies between the Federal Reserve and the European Central Bank, alongside external pressures from U.S. trade developments.

Trump Tariffs Back in Focus

U.S. President Donald Trump doubled down on his tariff stance today, declaring that he has no intention of backing off his trade agenda. His comments, emphasizing tariffs on autos and other goods, have reignited fears of a broader trade conflict, adding to the risk-off tone. Markets are jittery as the prospect of higher import costs threatens to stoke inflation and disrupt global supply chains, with the U.S. dollar holding firm as a safe-haven play.

Broader Implications

The combination of a weakening AUD, a squeezed EUR/USD, and Trump’s tariff threats is keeping investors on edge. The risk-off mood is palpable, with equity markets likely to reflect the uncertainty and currency traders adjusting positions ahead of critical U.S. data releases. The potential for tariffs to escalate into a full-blown trade war remains a wildcard, with industries like automotive and manufacturing bracing for impact.

Outlook

Today’s market dynamics suggest a tense close to February, with currency pairs like AUD/USD and EUR/USD serving as barometers for broader sentiment. Trump’s unwavering tariff push is a key driver of uncertainty, and all eyes are on how upcoming economic indicators might either calm or amplify these concerns. Volatility looks set to dominate as traders navigate this choppy terrain.

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Daily Global Market Update – 26th Feb 2025

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Daily Global Market Update – 26th Feb 2025

Market Update: February 26, 2025

Global markets faced a turbulent session, as economic uncertainty, shifting consumer sentiment, and geopolitical developments rattled investors. Here’s a roundup of the key stories driving market movements today.

U.S. Markets and Economic Sentiment

Wall Street took a hit as U.S. stocks declined sharply, driven by a steep drop in consumer confidence—the largest in four years, according to the Financial Times. This erosion of optimism, paired with tumbling U.S. Treasury yields, reflects growing unease about economic growth amid uncertainty over Trump administration policies. Investors appear jittery as they await clarity on tariffs, trade, and fiscal plans, with the euro gaining ground against the dollar as a result of the shifting risk appetite.

Tech and Crypto Struggles

Tesla’s market value slipped below $1 trillion, a significant milestone, as slumping sales in Europe overshadowed optimism about its Full Self-Driving rollout in China. The electric vehicle giant’s struggles added pressure to the broader tech sector. Meanwhile, Bitcoin fell below $90,000, rattled by a combination of global market nerves and a high-profile hack at the Bybit exchange. The crypto sell-off underscores how quickly sentiment can sour in riskier asset classes during uncertain times.

Commodities and Geopolitics

Rising copper demand, tied to electrification and infrastructure, buoyed sentiment in the mining sector despite broader market weakness. Elsewhere, Ukraine struck a minerals deal with the U.S., a strategic move that could bolster supply chains for critical materials and deepen transatlantic ties amid ongoing geopolitical tensions.

Retail Woes

The retail sector faced further headwinds as Home Depot forecasted a surprise drop in annual profit, echoing last week’s disappointing outlook from Walmart. Wavering consumer demand, driven by inflation concerns and economic uncertainty, is hitting big-box retailers hard, with ripple effects felt across equity markets.

Outlook

Today’s market action paints a picture of caution and retrenchment. Declining consumer confidence and policy ambiguity in the U.S. are weighing on equities and yields, while Tesla’s stumble and Bitcoin’s drop highlight vulnerabilities in high-growth and speculative assets. However, innovation in AI and strategic moves in commodities offer glimmers of resilience. Investors are likely to remain on edge, balancing opportunities in emerging tech and resources against a backdrop of faltering sentiment and global jitters.

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