Daily Analysis By zForex

GBP/USD Analysis by zForex Research Team - 03.21.2025

GBP Retreats as BoE Maintains Policy
The pound dipped below $1.30, retreating from a four-month high after the BoE held rates at 4.5% and signaled a cautious approach to easing policy, despite recent inflation progress.
Global trade tensions added pressure, with new U.S. tariffs prompting retaliatory moves and raising inflation risks.
UK data showed weak growth, steady 4.4% unemployment, and wage growth easing to 5.8%, in line with forecasts. In the U.S., the Fed kept rates steady but reaffirmed plans for two cuts this year.
If GBP/USD breaks above 1.3050, the next resistance levels are 1.3100 and 1.3150. On the downside, support stands at 1.2860, with further levels at 1.2800 and 1.2715 if selling pressure increases.

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Gold Analysis by zForex Research Team - 03.21.2025

Gold Nears $3,030 on Fed Cut Hopes
Gold hovered near $3,030 on Friday, close to record highs and heading for a third straight weekly gain. The rally is driven by dovish Fed signals and strong safe-haven demand. The Fed reaffirmed plans for two rate cuts in 2025 amid rising economic uncertainty, while Powell downplayed Trump’s proposed tariffs as temporarily inflationary but saw no urgency to cut rates.
Geopolitical tensions also supported gold, with Israel escalating operations in Gaza, Hamas striking Tel Aviv and the U.S. continuing airstrikes in Yemen. Markets are also watching the April 2 deadline for Trump’s reciprocal tariffs, fueling trade concerns. Gold is up over 15% year-to-date.
Key resistance stands at $3082, with further levels at $3100 and $3,150. Support is at $3000, followed by $2,980 and $2,916.   

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Daily Analysis by zForex Research Team - 03.24.2025

EUR/USD Steady at 1.0820, Yen Weakens to 150
EUR/USD held near 1.0820 as higher U.S. yields and German fiscal suspense weighed on the euro.
The yen weakened toward 150 after disappointing Japanese business activity data, despite expectations for future BOJ rate hikes. Gold dipped to $3,015 on peace hopes in Ukraine but remained supported by Fed rate cut prospects and Gaza tensions. GBP/USD steadied at 1.2915 on dollar weakness and UK stability, while silver traded near $33.06, with gains capped by a strong dollar and weak industrial outlook from China.

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EUR/USD Analysis by zForex Research Team - 03.24.2025

Yields Weigh on EUR/USD: Euro at 1.0820
EUR/USD is trading around 1.0820 on Monday, rebounding slightly from last week’s low of 1.0795. The euro has pulled back from its recent high of 1.0955 with uncertainty over Germany’s fiscal policy and rising global trade tensions.
Caution persists before the April 2 announcement of new U.S. tariffs, which could weigh on the eurozone. Despite the modest recovery, the euro remains under pressure from stronger U.S. Treasury yields and demand for the dollar.
Key resistance is at 1.0860, followed by 1.0950 and 1.1000. Support stands at 1.0800, with further levels at 1.0730 and 1.0670. 

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Gold Analysis by zForex Research Team - 03.24.2025

Ukraine Talks and Gaza Tensions Influence XAUUSD
Gold dipped to around $3,015 per ounce as hopes for a Russia-Ukraine peace deal grew after talks between Ukrainian and U.S. officials. Further negotiations with Russia are expected later today.
Despite the drop, gold remains supported by the tension over U.S. tariffs and Fed rate cut expectations. The Fed kept rates steady last week while signaling two potential cuts this year. Meanwhile, geopolitical pressures remain high as Israel resumed airstrikes on Hamas targets in Gaza.
Key resistance stands at $3082, with further levels at $3100 and $3,150. Support is at $3000, followed by $2,980 and $2,916.

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Daily Analysis by zForex Research Team - 03.25.2025

Gold Steady, Pound Awaits Budget
The yen stays weak near 150.7 as Japan faces export concerns and the BOJ hints at future rate hikes.

Gold holds near $3,010 with uncertainty over Trump’s tariffs and cautious Fed commentary, with attention turning to upcoming PCE data. EUR/USD trades at $1.08 as strong U.S. PMI data and easing tariff fears strengthen against the euro. GBP/USD remains stable at $1.292, supported by UK fiscal optimism ahead of the spring budget. Silver climbs to $33.10 on China growth comments.

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EUR/USD Analysis by zForex Research Team - 03.25.2025

US PMI Strength Drives Dollar Higher
EUR/USD is trading at $1.08 as the U.S. dollar strengthens on solid U.S. services PMI data, which signaled economic resilience and pushed yields higher. Confidence in the dollar was further enabled by Trump’s remarks suggesting not all April 2 tariffs will be implemented, with possible exemptions for some countries. Meanwhile, the euro is under pressure as its recent rally fades and Eurozone economic signals weaken, keeping EUR/USD on a downward path driven by dollar strength.
Key resistance is at 1.0860, followed by 1.0950 and 1.1000. Support stands at 1.0730, with further levels at 1.0660 and 1.0600.

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USD/JPY Analysis by zForex Research Team - 03.25.2025

Japan's Tariff Worries and BOJ Rate Hike Hints
The Japanese yen remained weak around 150.7 per dollar on Tuesday, near a three-week low, as the U.S. dollar gained strength. Trump's plan to impose tariffs on autos, pharmaceuticals, and other sectors raised concerns for Japan’s export-driven economy.
BOJ minutes from January showed officials remain open to future rate hikes depending on wage and inflation trends, with one member suggesting a possible increase to 1% in late fiscal 2025. Still, the BOJ kept rates steady at 0.5% last week, maintaining a cautious stance with global tensions.
Key resistance is at 151.70, with further levels at 152.70 and 154.00. Support stands at 147.00, followed by 145.80 and 143.00. 

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Daily Analysis by zForex Research Team - 03.26.2025

Markets Cautious as ECB Leans Dovish Amid Safe-Haven Demands
Markets remained cautious on Tuesday as investors weighed slowing Eurozone growth, firm U.S. data, and rising global trade tensions.

The euro hovered near $1.08 after ECB officials hinted at possible rate cuts, while the dollar gained ground and the yen weakened amid BoJ rate hike speculation. Gold held near record highs above $3,020 on safe-haven demand, while silver rebounded above $33 as traders assessed the potential impact of Trump’s upcoming tariff decisions. The pound stayed resilient at nearly $1.2920, which is ahead of the UK’s spring budget update.

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Yen Analysis by zForex Research Team - 03.26.2025

Yen Steady Near 150.7 as Dollar Strengthens
The Japanese yen hovered near 150.7 per dollar on Tuesday as the U.S. dollar strengthened. Concerns grew over Japan’s exports following Trump’s proposed tariffs on autos and pharmaceuticals. BOJ minutes showed officials remain open to future rate hikes, with one member suggesting a 1% rate by late FY2025. The central bank kept rates steady at 0.5% last week, citing global uncertainties.
Key resistance is at 151.70, with further levels at 152.70 and 154.00. Support stands at 147.00, followed by 145.80 and 143.00. 

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Gold Analysis by zForex Research Team - 03.26.2025

Safe-Haven Demand Keeps Gold Elevated
Gold edged above $3,020 on Wednesday, near record highs, supported by safe-haven demand amid uncertainty over upcoming US reciprocal tariffs. Trump's April 2 tariff plan is expected to be more targeted than past proposals but still signals a major escalation in trade tensions.
Markets now await Fed officials’ speeches and Friday’s US PCE data for policy clues. Meanwhile, a U.S.-brokered pause in sea and energy attacks between Ukraine and Russia, along with possible sanctions relief for Moscow, slightly eased bullion's appeal.
Key resistance stands at $3082, with further levels at $3100 and $3,150. Support is at $3000, followed by $2,980 and $2,916.   

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Daily Analysis by zForex Research Team - 04.07.2025

Markets Mixed as Fed Cut Bets Battle Trade War Fears
Markets opened the week with mixed performance as traders weighed expectations of Fed rate cuts against deepening global trade tensions.

The euro edged higher while the pound softened amid risk aversion. The yen fluctuated sharply as safe-haven demand surged, and gold steadied near a three-week
low. Silver rebounded from recent losses on renewed safe-haven interest. Uncertainty over global growth and tariff risks continues to keep major assets range-bound.

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EUR/USD Analysis by zForex Research Team - 04.07.2025

EUR/USD Edges Higher Amid Fed Cut Bets
The EUR/USD rose 0.03% to $1.0967 in Asian trade, supported by expectations of Fed rate cuts amid U.S.-China trade tensions. However, gains were limited by concerns over European growth and global trade disruptions. Without signs of market stability, the pair may stay range-bound under risk aversion pressure.
Key resistance is at 1.1100, followed by 1.1150 and 1.1215. Support lies at 1.1000, then 1.0850 and 1.0730.

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Gold Analysis by zForex Research Team - 04.07.2025


Gold Stabilizes Near 3-Week Low
Gold steadied around $3,030 per ounce on Monday after falling over 1% to a three-week low. The drop sparked speculation that investors were taking profits or covering losses amid broader market declines driven by recession fears from escalating trade tensions. Fed Chair Jerome Powell warned that tariffs could raise inflation and slow growth, underscoring challenges for policymakers.
Key resistance is at $3,050, followed by $3,085 and $3,105. Support stands at $2,980, then $2,930 and $2830.

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Daily Analysis by zForex Research Team - 04.08.2025

Trade War Sparks FX Moves, Precious Metals Rebound
Major currencies and metals responded sharply to intensifying global trade tensions, as reciprocal tariffs between the U.S., China, and EU rattled markets.

The euro neared five-month highs, while the yen gained on safe-haven demand amid U.S.-Japan trade talks. Gold rebounded as risk sentiment worsened, and silver steadied after a sharp selloff. Meanwhile, the pound declined on renewed UK recession fears, with rate cut bets rising. Market focus now turns to key U.S. inflation data and Fed minutes for policy signals.

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EUR/USD Analysis by zForex Research Team - 04.08.2025

Euro Firms as U.S.-China-EU Trade Rift Widens
The euro hovered near $1.10, its highest since October 2024, as the dollar weakened and trade tensions escalated. China plans to impose 34% tariffs on all U.S. goods from April 10, following Trump’s 10% tariff on all imports, including 20% on EU and 34% on Chinese goods. France urged firms to halt U.S. investments, and the EU is preparing countermeasures. Markets now price in a 90% chance of an ECB rate cut in April, with the deposit rate seen falling to 1.65% by December from 2.5%.
Key resistance is at 1.1100, followed by 1.1150 and 1.1215. Support lies at 1.0900, then 1.0850 and 1.0730.

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GBP/USD Analysis by zForex Research Team - 04.08.2025

GBP Falls as Trade Tensions Fuel Recession
The British pound fell to $1.28, its lowest since March 4, as Trump’s trade policies fueled recession fears. After China imposed 34% tariffs on U.S. goods, markets raised BoE rate cut bets. Traders now price in 88 bps of cuts by December, up from 43 bps in March, with a 90% chance of a 25bps cut in May.
If GBP/USD breaks above 1.2850, resistance levels are at 1.2900 and 1.2940. Support is at 1.2715, followed by 1.2650 and 1.2600.

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Daily Analysis by zForex Research Team - 04.09.2025

Tariffs Fuel Recession Fears, Gold Attracts Capital
Global markets remained volatile on Wednesday as recession concerns intensified following President Trump’s sweeping tariff measures.

The U.S. dollar weakened, pushing EUR/USD to 1.1040 and boosting the Japanese yen above 146. Gold surged to nearly $3,000 per ounce, while silver dropped below $30 amid rising Treasury yields. Despite these pressures, GBP/USD held steady around 1.2830, supported by inflation concerns that may delay BoE rate cuts. Markets now turn to Fed signals for further direction.

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EUR/USD Analysis by zForex Research Team - 04.09.2025

Dollar Under Pressure from Recessionary Signals
EUR/USD climbed about 80 pips to 1.1040 on Wednesday as the dollar index slipped below 105.5, marking a second day of losses. The U.S. dollar weakened amid growing fears of recession, triggered by President Trump's sweeping tariffs. China now faces a 104% levy, with Beijing vowing to "fight to the end." Market sentiment remained cautious as trade negotiations stalled, despite Trump’s outreach to major partners. Concerns that the escalating trade war may tip the U.S. into recession have increased expectations of further Fed rate cuts, weighing on the dollar.
Key resistance is at 1.1100, followed by 1.1150 and 1.1215. Support lies at 1.0900, then 1.0850 and 1.0730.

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Yen Analysis by zForex Research Team - 04.09.2025

Yen Appreciates with Trade Turmoil
The Japanese yen rose above 146 per dollar on Wednesday, extending gains as Trump's looming tariffs drove safe-haven flows. The dollar weakened on recession fears tied to escalating trade tensions and potential Fed rate cuts. New U.S. tariffs include a 24% duty on Japanese goods and a 25% car import levy. Trump confirmed that Japan will send a delegation to renegotiate terms, while PM Ishiba urged a policy rethink. Domestically, Japan's current account surplus hit a record in February, supported by strong exports and reduced imports, boosting the yen further.

Key resistance is at 148.70, with further levels at 152.70 and 157.70. Support stands at 145.60, followed by 143.00 and 141.80.

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