Daily Global Market Overview By zForex

[zForex]

Dovish Wave Lifts Metals as Yen Tightens (12.04.2025)

Markets on Thursday leaned toward a dovish global outlook, lifting precious metals and reshaping major currency moves.

The euro rose above $1.1670 as steady Eurozone inflation supported expectations that the ECB will hold rates through 2026, while the pound climbed toward $1.33 on stronger UK services data and a softer US dollar.

Gold hovered above $4,210 after ADP showed a sharp decline in US private-sector jobs, pushing the probability of a Fed cut next week to nearly 90%. Silver stayed close to record highs near $58, supported by strong ETF inflows and tightening supply across London and Shanghai.

Techical Outlook on Charts

1. EUR/USD Slips Slightly but Losses Stay Contained
2. Yen Pushes Stronger as BOJ Signals Gain Momentum
3. Gold Held as ADP Miss Lifts Cut Expectations
4. GBP/USD Steadies, Downside Limited
5. Silver Trades Near Record Levels

 

[zForex]

Metals Hold Ground as Yen Advances (12.05.2025)

Global markets on Friday leaned cautiously constructive as traders positioned for a possible Fed rate cut next week, persistent tightness in precious metals, and rising expectations of a BOJ shift.

EUR/USD recovered into the mid-1.16s after Thursday’s dip, supported by steady Eurozone fundamentals and inflation near target, reinforcing the view that ECB policy will stay unchanged through 2026.

Gold eased below $4,200 prior to the delayed September PCE release, while silver stayed firm above $57.50, backed by strong flows into London vaults and decade-low inventories in Shanghai.

Technical Outlook on Charts
EUR/USD Slips Slightly Despite Limited Downside
Yen Steadies with a Possible BOJ Hike
Gold Near $4,210 Before the PCE Data
GBP/USD Awaits Central Bank Decisions
Silver Steadies Above $57.50

 

[zForex]

Futures Stall, 10-Year Yield Pushes Above 4.1% (12.08.2025)

US stock futures were flat on Monday ahead of the Fed’s meeting, with markets pricing an 88% chance of a 25 bp cut on Wednesday.

Earnings from AutoZone, Oracle, Adobe, Broadcom, Costco and Lululemon will shape sentiment, while Tuesday’s delayed October JOLTS report is the last major labor signal before the decision. All three major indexes logged a second week of gains after softer September PCE data.

The 10-year yield climbed above 4.1%, a two-week high, as investors reassessed the 2026 policy path. Michigan sentiment improved, easing consumption worries despite weaker hiring. Debate continues over next year’s trajectory, especially with questions surrounding President Trump’s expected Fed Chair nominee and how deeply they may push for cuts.

Globally, policy decisions in Australia, Brazil, Canada and Switzerland are on deck, with no major rate changes anticipated. Meanwhile, long-term Treasury yields continue rising despite the Fed’s 1.5% in cumulative cuts since 2024, a divergence tied to inflation concerns, heavier bond supply, fiscal pressures and a higher term premium.

Technical Outlook on Charts
EUR/USD Firms Ahead of Fed Decision
Yen Strengthens as BOJ Signals Gain Traction
Gold Steady as Fed Meeting Approaches
Sterling Awaits Central Bank Decisions
Tight Supply Pushes Silver Above $58

 

[zForex]

Fed Cut Near, Outlook Still Cloudy (12.09.2025)

The 10-year Treasury yield pushed toward 4.2%, its highest level since early September, as uncertainty around the Fed’s 2026 path increased.

A cut is expected this week, but persistent inflation keeps caution in play. The 30-year yield neared 4.8%, while mixed signals (stronger confidence but weaker hiring) added strain. Talk of a more dovish future Fed Chair also unsettled sentiment.

The DXY hovered just under 99 with roughly an 87% chance of a 25-bp cut now priced in. Still, the outlook for 2026 remains unclear, with expectations leaning toward a hawkish cut. Delayed US data, including JOLTS, jobless claims, and trade figures, will help shape the broader picture, alongside rate decisions in Australia, Canada, and Switzerland.

Technical Outlook on Charts
Euro Rises as ECB Signals Outshine Fed Cut
Yen Challenged After GDP Revision
Gold Firm as China Extends Buying Streak
Pound Strong Near Six-Week High
Tight Supply Anchors Silver Momentum

 

[zForex]

Fed Day Takes Shape, Chair Decision Nears (12.10.2025)

Income strategies are under pressure as lower yields reduce the appeal of short-term Treasuries, pushing investors toward riskier segments such as high yield, emerging-market debt, private credit, and catastrophe bonds.

Donald Trump said a decision on the next Fed chair is nearing. Kevin Hassett is seen as the leading candidate, with Kevin Warsh also in consideration. An announcement may come in early 2026, with discussion of a shorter-term role for Hassett. Firm labor data kept inflation concerns in play, even as markets continued to price a single 25-bp move this year.

The dollar index held near 99.2 after a two-day rise. Job openings increased to 7.67 million in October, and ADP data showed a modest pickup in private hiring, adding uncertainty around the policy outlook.

Technical Outlook on Charts
Euro Holds, Data-Heavy Day Begins
Yen Steadies, BOJ Signals Meet Fiscal Pressure
Gold Supported by Chinese Reserves
Sterling Edges Lower Before BoE Talks
Supply Squeeze Maintains Silver Rally