EUR/USD has broken out to a fresh five-month-high but the question of trend is now whether buyers show up to hold higher-low support on pullbacks.
Markets are pricing in surprise this morning as the size of tariffs announced have caught many by surprise.
We’re now in Q2 and this week’s economic docket is loaded, with President Trump’s ‘Liberation Day’ set for tomorrow.
Gold prices have been in a near-parabolic like trend and bulls haven’t yet shown any sign of letting up.
EUR/USD was aggressively bearish into the Q1 open but as the quarter winds to a close it’s been a completely different picture.
The U.S. Dollar has come back to life since the FOMC rate decision but tomorrow brings a key piece of inflation data and next week brings NFPs.
EUR/USD has sold off for six days in a row, but is now catching a bounce from the 200-day moving average.
The USD is continuing a bounce and stocks are pushing higher to further moves that started to spark last week.
Gold is up almost 15% so far in Q1 and given the rally from last year that highlights a massive move from the $2k support that was in-play last February.
Stocks showed a strong reaction to the Fed and Gold hit a fresh ATH. Currencies were more muted but the question now is follow-through given the tenuous tariff topic.
EUR/USD has cooled from the earlier March breakout, but bulls haven’t waved the white flag yet and today’s FOMC rate decision brings the potential for volatility.
The USD has been smashed so far in March and tomorrow’s FOMC rate decision will bring a set of highly important forecasts. Can an oversold dollar start to show tendency of a turn?
