Daily Forex Update Fundamental And Technical.

Re: Daily Forex Update Fundamental And Technical.

11 by IshantCSFX

Forex Market Reacts to US Tariffs: EUR/USD Rises, USD/JPY Falls Ahead of NFP Report.
Major currency pairs remain volatile on Friday as global markets react to sweeping trade tariffs announced by U.S. President Donald Trump. Mounting fears of a global economic slowdown, shifting central bank expectations, and anticipation of the U.S. Nonfarm Payrolls report are driving sharp movements across the EUR, GBP, JPY, and AUD.

KEY HIGHLIGHTS
EUR/USD Rises as US Dollar Weakens Before Key Data.
GBP/USD Holds Strong Amid US Tariff Shock and Uncertainty.
USD/JPY Drops as Investors Seek Safe-Haven Amid Tariff Risks.
AUD/USD Declines on Trade War Concerns and RBA Rate Bets.
Markets in Focus Today
EUR/USD: Euro Climbs Past 1.1050 Ahead of U.S. Nonfarm Payrolls
The EUR/USD pair extends its gains for a third consecutive session, trading around 1.1080 during early European hours on Friday. This upward momentum is driven by broad-based weakness in the U.S. Dollar. Key data releases, including German Factory Orders and the U.S. Nonfarm Payrolls report, remain in focus.

Market Drivers
President Trump announced sweeping global tariffs, including:
10% base duty on imports from most U.S. trading partners.
20% tariff on European Union (EU) goods.
Additional higher tariffs on imports from other major trade allies.
These measures, set to take effect on April 9, have raised concerns over a global economic slowdown.
The market is pricing in an 80% probability of a 25 basis points rate cut by the European Central Bank (ECB) in April.
Technical Overview

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Re: Daily Forex Update Fundamental And Technical.

12 by IshantCSFX

US Dollar Weakens After Moody’s Downgrade; EUR/USD, GBP/USD, and AUD/USD Rise as Rate Cut Bets Grow.

Currency markets opened the week with a mix of caution and volatility. The US Dollar weakened significantly following Moody’s downgrade of the US sovereign credit rating. Diverging central bank outlooks, geopolitical headlines, and fresh economic data from the US and UK are reshaping trader sentiment in pairs such as EUR/USD, GBP/USD, USD/JPY, and AUD/USD. US and UK traders are closely monitoring these developments during overlapping trading hours for timely opportunities.

KEY HIGHLIGHTS
EUR/USD rebounds near 1.1200 as US Dollar weakens.
GBP/USD holds gains near 1.3300 amid Dollar pressure.
USD/JPY slips toward 145.00 amid safe-haven Yen demand.
AUD/USD steady above 0.6400 after mixed China data.

EUR/USD
Euro Gains Momentum Toward 1.1200 as Dollar Falters on Moody’s Downgrade
The EUR/USD pair climbed during early Monday trading, touching 1.1190 as the US Dollar lost ground across both London and New York sessions. The downgrade of the US credit rating by Moody’s—from Aaa to Aa1—has shaken investor confidence, citing spiraling federal debt, rising interest costs, and expanding deficits.

While this mirrors earlier downgrades by Fitch and S&P, it has re-ignited questions among US-based traders about fiscal sustainability and future Fed policy. Traders in the UK are also reassessing the ECB’s potential next move, as signs point toward another rate cut—especially with Eurozone inflation gradually aligning with the ECB’s 2% target.

Geopolitically, both US and UK investors are eyeing US-China trade negotiations and early optimism over talks with Iran and Russia. The latter could reduce global risk premiums, especially relevant to UK institutional portfolios.

Technical Overview

Exponential Moving Averages (EMA):

MA 10: 1.1214 | Bearish
MA 20: 1.1227 | Bearish
MA 50: 1.1099 | Bullish

Simple Moving Averages (SMA):

MA 10: 1.1217 | Bearish
MA 20: 1.1282 | Bearish
MA 50: 1.1113 | Bullish

Indicators:

RSI: 50.18 | Bullish
Stochastic: 35.00 | Neutral
Support/Resistance:

Resistance: 1.1529 / 1.1717
Support: 1.0922 / 1.0734

/ Trade Suggestion:

Limit Buy: 1.1159
Take Profit: 1.1267
Stop Loss: 1.1108

GBP/USD
Sterling Holds Strong Near 1.3300 as US Sentiment Weakens

What Happens in the market - FOREX MARKET

Re: Daily Forex Update Fundamental And Technical.

13 by IshantCSFX

US Dollar Weakens on Inflation and Debt Worries.

EUR/USD Outlook: Dollar Weakness Boosts Euro Near Key Resistance

Price Holds Above 1.1250 in Early European Hours
EUR/USD continues to build on recent gains, trading above 1.1250 in early London trading. US Dollar softness, driven by Moody’s credit downgrade, cooling inflation, and uncertainties surrounding US tariffs, is lending support to the pair.

With no major US data scheduled during the New York session, market focus for American traders shifts to Fed speakers and the potential for more dovish commentary. Meanwhile, UK-based traders await Wednesday’s UK CPI release, which could influence EUR/GBP sentiment and cross-hedging activity.

Key Technical Overview