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Allow allAs global markets continue to adjust to evolving economic conditions, currency pairs and commodities are reacting to shifting risk sentiment, economic indicators, and central bank expectations. Traders are closely monitoring the latest developments in key assets such as the US Dollar, gold, oil, and major currency pairs like EUR/USD and NZD/USD for potential opportunities and risk management.
The New Zealand dollar (NZD) has strengthened, trading above the 0.5700 mark against the US dollar (USD). This rise is attributed to a renewed bullish sentiment, with the NZD/USD pair finding initial resistance near the nine-day Exponential Moving Average (EMA) at 0.5750. Technical analysis indicates a strengthening bullish bias, supported by the 14-day Relative Strength Index (RSI) remaining above 50. Key support levels are identified at the 50-day EMA around 0.5717, with potential for further gains if the pair maintains momentum above this threshold.
The Euro (EUR) is experiencing downward pressure against the US dollar, with forecasts suggesting a possible pullback toward the 1.0725 level. This projection is based on technical analysis and current market dynamics, including recent tariff threats by US President Trump and dovish commentary from the European Central Bank (ECB). Traders are advised to monitor upcoming US data releases and Federal Reserve communications for further insights into potential EUR/USD movements.
Gold continues to trade above the $3,000 threshold, supported by a positive risk tone in the market. While bullish conviction appears limited, the metal’s ability to hold above this level reflects ongoing demand amid economic uncertainties. Investors are advised to remain cautious, as market sentiment can be volatile, and geopolitical developments may influence gold’s trajectory.
Crude oil prices are showing bullish momentum as European markets open, driven by factors such as supply concerns and geopolitical tensions. The market is closely monitoring inventory data and OPEC+ production decisions, which are expected to influence price movements in the coming sessions. Traders should stay informed on global demand forecasts and any developments that could impact oil supply dynamics.
Market volatility remains a dominant theme as investors react to ongoing geopolitical developments, inflation concerns, and central bank policies. In the currency market, the US Dollar continues to assert strength against its major counterparts, while commodities such as gold and crude oil remain sensitive to changes in risk sentiment and supply concerns.
In the equity markets, investor focus is on upcoming economic data releases and central bank signals. The outlook for risk assets is clouded by global inflationary pressures, ongoing supply chain disruptions, and the uncertain trajectory of global economic recovery. As central banks worldwide adjust their monetary policies to navigate these challenges, market participants remain cautious, closely watching inflation trends and upcoming policy decisions.
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Moneta Markets is a trading name of Moneta Markets (Pty) Ltd, an authorised Financial Service Provider (“FSP”) registered and regulated by the Financial Sector Conduct Authority (“FSCA”) of South Africa under license number 47490 and located at 1 Hood Avenue, Rosebank, Johannesburg, Gauteng 2196, South Africa. Company Registration Number: 2016 / 063801 / 07. Contact Phone Number: +27 (10) 1429139. Operational Office: Unit 7, 31 First Avenue East, Parktown North, Gauteng, Johannesburg, 2193, South Africa.
Mmonexia Ltd, facilitates payment services to the licensed and regulated entities within the Moneta Markets Organizational structure.
Mmonexia Ltd registered in the Republic of Cyprus with registration number HE436544 and registered address at Archbishop Makarios III, 160, Floor 1, 3026, Limassol, Cyprus. Mmonexia Ltd, facilitates payment services to the licensed and regulated entities within the Moneta Markets Organizational structure.
Moneta Markets Limited. Business Registration Number:72493069. Registration Address: Flat/RM A 12/F ZJ 300, 300 Lockhart Road, Wan Chai, Hong Kong. Contact Phone Number: +852 37522556. Operational Office: Unit 1201, 12/F, FWD Financial Centre, 308 Des Voeux Road Central, Sheung Wan, Hong Kong.
Moneta Markets is a trading name of Moneta Markets (Pty) Ltd, an authorised Financial Service Provider (“FSP”) registered and regulated by the Financial Sector Conduct Authority (“FSCA”) of South Africa under license number 47490 and located at 1 Hood Avenue, Rosebank, Johannesburg, Gauteng 2196, South Africa. Company Registration Number: 2016 / 063801 / 07. Contact Phone Number: +27 (10) 1429139. Operational Office: 31 First Avenue East, Parktown North, Gauteng, Johannesburg, 2193, South Africa.
Moneta Markets is a trading name of Moneta Markets Ltd, registered under Saint Lucia Registry of International Business Companies with registration number 2023-00068.
Mmonexia Ltd, facilitates payment services to the licensed and regulated entities within the Moneta Markets Organizational structure.
Moneta Markets PTY LTD soliciting Business from UAE through a Non-Exclusive Introducing Broker Agreement Regulated by SCA , Sterling Financial Services LLC ,Cat 5 ,No 305029