Forex Market Analysis (March 30 – Today)

The currency markets have experienced sharp fluctuations in recent days, driven by conflicting economic data and escalating geopolitical tensions.

Major Currency Movements:

• U.S. Dollar (USD): Declined against the euro following the announcement of a 0.3% drop in U.S. employment rates.

• Euro (EUR): Rose to 1.1150, supported by statements from European Central Bank officials indicating a delay in interest rate cuts.

• British Pound (GBP): Remained relatively stable around 1.2650 despite ongoing political uncertainty in the United Kingdom.

• Japanese Yen (JPY): Jumped to 150.20 against the dollar as a safe haven following attacks on cargo ships in the Red Sea.

Gold Prices (March 30 – Today)

Gold rose by 1.8% to reach $3,075 per ounce, marking its highest level in a month, due to:

• Tensions in the Middle East following intensified military strikes.

• The decline of the U.S. dollar, which increased the appeal of the yellow metal.

• Inflation fears after oil prices surged above $90 per barrel.

Current Influencing Factors:

✅ Federal Reserve Monetary Policy: Expectations of a delay in interest rate cuts until the third quarter of 2025.
✅ U.S.-China Trade War: New tariffs imposed on electronic products.
✅ Energy Crisis: Disruptions in oil supply due to events in Russia and Ukraine.

Outlook for the Coming Days:

• Monitor the European Central Bank meeting on Thursday to determine the euro’s direction.

• Watch for U.S. inflation data on Friday, which could strongly affect the dollar.

• Gold may continue to rise if geopolitical crises persist.