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.
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.
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.
Daily Analysis By zForex Research Team - 04.10.2025
Markets Respond to Tariff Shifts and Eurozone Stability
Global markets showed mixed reactions as trade tensions deepened despite a temporary U.S. tariff pause.
The euro held firm near $1.0980, backed by political stability in Germany and the EU’s retaliatory measures. The yen strengthened after Japan was granted a reduced tariff rate, while gold surged above $3,095 on safe-haven demand. Silver remained volatile amid stagflation fears, and the British pound steadied ahead of key inflation data. Investors now turn to U.S. CPI for fresh policy clues.
EUR/USD Analysis By zForex Research Team - 04.10.2025
Euro Steady as EU Retaliates on Tariffs
The euro hovered around 1.0980 on Thursday, supported by rising trade tensions and renewed political stability in the Eurozone. Sentiment favored the currency after China raised tariffs on all U.S. goods to 84% from 34%, retaliating against Washington’s hike to 104% on Chinese imports. The European Commission also approved retaliatory tariffs on €21 billion worth of U.S. goods, including soybeans, motorcycles, and orange juice. The escalation pushed investors away from typical safe havens like the dollar and Treasuries. Political stability in Germany further supported the euro, as the CDU/CSU and SPD finalized a coalition, clearing the way for Friedrich Merz to become Chancellor next month. The ECB is also expected to cut rates by 25 basis points later this month.
Key resistance is at 1.1020, followed by 1.1100 and 1.1150. Support lies at 1.0880, then 1.0810 and 1.0730.
Gold Analysis By zForex Research Team - 04.10.2025
Gold Jumps 3% on U.S.-China Tariff Battle
Gold jumped over 3% to above $3,095 per ounce on Wednesday as U.S.-China trade tensions escalated. President Trump announced a 90-day tariff pause and a reduced 10% rate for all but China, which now faces a 125% tariff. Treasury Secretary Bessent said the lower rate would apply during talks, excluding China and some sectors. In response, China raised tariffs on U.S. goods to 84%, and the EU approved levies on €21 billion worth of American exports. Fed minutes showed policymakers expect higher inflation from tariffs but remain uncertain about its scale and duration.
Supporting gold’s rally further, the World Gold Council reported that gold-backed ETFs attracted 226.5 metric tons in inflows during Q1, totaling $21.1 billion in value.
Key resistance is at $3,135, followed by $3,165 and $3,200. Support stands at $3030, then $3010 and $2956.
Daily Analysis By zForex Research Team - 04.11.2025
Dollar Weakens, Gold Records on Rate Bets
Global trade policy shifts dominated markets as the euro surged past $1.13 after the EU suspended U.S. tariffs for 90 days, while the yen hit a six-month high on safe-haven demand.
Gold soared to a record above $3,200 amid recession fears and Fed rate cut expectations, and silver followed, boosted by tariff-related uncertainty. Meanwhile, the pound climbed to $1.30 as dollar weakness persisted, but cautious BoE rate cut bets and slow UK growth projections kept gains limited.
GBP/USD Analysis By zForex Research Team - 04.11.2025
Pound Gains on Dollar Softening, GBP/USD at $1.30
The pound extended gains to $1.30 for a third session, as the dollar softened following Trump’s 90-day tariff pause for most countries. However, the 145% hike on Chinese goods kept risks elevated. While volatility persists, traders now expect 66 bps of BoE rate cuts this year, down from 79 bps a day earlier. UK GDP is forecast to grow 0.1% in February, suggesting a slow recovery.
If GBP/USD breaks above 1.3050, resistance levels are at 1.3100 and 1.3200. Support is at 1.2960, followed by 1.2900 and 1.2850.
Gold Analysis By zForex Research Team - 04.11.2025
Gold Surges, Hits Record Above $3,200
Gold spiked to a new record above $3,200 per ounce on Friday, driven by safe-haven demand and a weakening dollar amid intensifying U.S.-China trade tensions. The U.S. hiked tariffs on China to 145%, while easing duties for other partners. At the same time, U.S. consumer prices unexpectedly fell in March, fueling bets on a Fed rate cut in June and a full percentage point cut by year-end. Despite this, inflation risks remain due to ongoing tariff pressure. Gold is set for its strongest weekly gain since November.
Key resistance is at $3,250, followed by $3,300 and $3,350. Support stands at $3165, then $3135 and $3090.
Daily Analysis By zForex Research Team - 04.14.2025
Dollar Hits 3-Year Low as Tariff Uncertainty Weighs on Markets
The U.S. dollar index fell to a three-year low near 99.5 as markets weighed the Trump administration’s shifting tariff policies and broader economic concerns.
While temporary exemptions on tech imports eased tensions slightly, uncertainty remains over potential duties within months. The euro strengthened toward $1.14, the yen rallied on safe-haven demand, and gold retreated from record highs. Meanwhile, the pound held firm amid growing BoE rate cut expectations, and silver slipped after a sharp weekly gain. Investors now look ahead to Fed Chair Powell’s upcoming speech for clarity on rate policy.
EUR/USD Analysis By zForex Research Team - 04.14.2025
Dollar Hits 3-Year Low amid Tariff Policy Uncertainty
EUR/USD traded around 1.1390 on Monday after opening lower, while the U.S. dollar index fell to 99.5, its lowest in three years, amid concerns over the U.S. economic outlook and policy uncertainty. The drop followed the Trump administration’s decision to exempt certain tech products from tariffs under the new “reciprocal” trade policy. However, Commerce Secretary Lutnick said these items may still face duties within two months, and Trump confirmed they remain under the 20% Fentanyl Tariffs. Despite a 3% weekly drop in the dollar index and weak consumer sentiment data, Lutnick said he is “not worried” about the dollar.
Key resistance is at 1.1400, followed by 1.1475 and 1.1500. Support lies at 1.1260, then 1.1180 and 1.1100.
Gold Analysis By zForex Research Team - 04.14.2025
Gold Eases to $3,220 as Trade Tensions Cool Slightly
Gold fell to around $3,220 on Monday, retreating from its $3,245 record high, as trade tensions eased after Trump granted tariff exemptions on electronics from China. However, Commerce Secretary Lutnick said these goods, including semiconductors, may face new duties within two months, adding uncertainty.
Last week’s rally was driven by safe-haven demand after Trump raised tariffs on Chinese goods to 145%, prompting China to hike tariffs on U.S. imports to 125%, effective Saturday. Markets now await Fed Chair Powell’s speech on Wednesday for clues on future rate cuts.
Key resistance is at $3,250, followed by $3,300 and $3,350. Support stands at $3165, then $3135 and $3090.
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Daily Analysis By zForex Research Team - 04.15.2025
Tariff Delay Calms Markets; Focus Turns to Powell
The U.S. dollar index stabilized near 100 on Tuesday after a three-day slump, as the White House paused some tech tariffs and hinted at a delay in auto levies.
EUR/USD hovered near 1.1330, while the yen softened on reduced safe-haven demand. Gold rose past $3,220 as Fed rate cut bets intensified following comments from Governor Waller. Sterling climbed to a six-month high despite expectations of BoE easing, and silver paused after a four-day rally. Markets now look ahead to U.S.-Japan trade talks and Powell's upcoming remarks.
USD/JPY Analysis By zForex Research Team - 04.15.2025
Tech Tariff Pause Pressures Yen
The Japanese yen slipped below 143 per dollar Tuesday as risk appetite improved, reducing safe-haven demand. The shift followed Trump’s tariff exemptions on select tech goods and the possible delay of the 25% auto tariff. Still, caution persisted after the U.S. launched a national security probe into semiconductors and pharmaceuticals, which are key Asian exports. Focus now turns to U.S.-Japan trade talks later this week, with Japan’s Akazawa Ryosei meeting Treasury Secretary Bessent and Trade Rep. Greer. Japan, currently under a reduced 10% tariff, is expected to seek better terms.
Key resistance is at 144.20, with further levels at 148.30 and 152.50. Support stands at 141.80, followed by 141.00 and 139.65.
Silver Analysis By zForex Research Team - 04.15.2025
Silver Eases as Rally Pauses
Silver opened slightly lower after a four-day rally, entering a correction phase following recent volatility. The metal remains sensitive to trade tensions and upcoming comments from Fed Chair Powell, as markets weigh growth concerns against inflation expectations for clues on future policy.
Geopolitical uncertainty from the ongoing U.S.-China trade war continues to weigh on sentiment.
Resistance levels are seen at 32.50, with further hurdles at 33.00 and 33.80, while support is located at 31.40, followed by 30.20 and 29.20 if the decline extends.
Daily Analysis By zForex Research Team - 04.16.2025
Safe-Haven Demand Lifts Gold, Yen, and Pound
The U.S. dollar index dropped below 100 on Wednesday, nearing a three-year low, as investors awaited remarks from Fed Chair Jerome Powell.
The EUR/USD held near 1.1323 despite mixed Eurozone data. The Japanese yen rose past 143 on safe-haven flows and fresh trade tensions. Gold surged to a new all-time high above $3,260, while silver remained firm around $32.30. The British pound climbed to $1.32 on optimism over delayed U.S. auto tariffs and rising BoE rate cut expectations.
EUR/USD Analysis By zForex Research Team - 04.16.2025
EUR/USD Stable as Dollar Slides
The EUR/USD pair hovered near 1.1323 early Wednesday, while the U.S. Dollar Index fell below the 100 mark, approaching its lowest level in nearly three years. Investors remain focused on an upcoming speech by Federal Reserve Chair Jerome Powell, as the central bank seeks to support economic growth while managing inflation risks heightened by recent tariff developments. In the Eurozone, industrial production data exceeded expectations, though the ZEW economic sentiment index fell short of forecasts in Tuesday’s releases.
Key resistance is at 1.1400, followed by 1.1475 and 1.1500. Support lies at 1.1260, then 1.1180 and 1.1100.
GBP/USD Analysis By zForex Research Team - 04.16.2025
Pound Gains on Easing Trade Risks
The British pound climbed above $1.32 on Wednesday, a six-month high, supported by easing trade tensions and shifting BoE expectations. Hopes that Trump may delay auto tariffs boosted UK exporters, especially auto parts firms.
Markets are nearly fully pricing in a BoE rate cut in May, as companies begin job cuts ahead of tax hikes and rising wage costs. Private wage growth stayed high at 5.9%, but March saw a sharp drop in employment.
While a stronger pound may ease inflation near term, upcoming energy and regulated price hikes could complicate BoE policy. Rate cut expectations are rising.
If GBP/USD breaks above 1.3270, resistance levels are at 1.3430 and 1.3500. Support is at 1.3015, followed by 1.2900 and 1.2700.
Daily Analysis By zForex Research Team - 04.17.2025
Dollar Rebounds on Powell Comments; Gold Holds, Silver Climbs
The U.S. dollar rebounded on Thursday, with the Dollar Index climbing above 99.5 as Fed Chair Powell pushed back on immediate rate cuts.
EUR/USD steadied near 1.1370, while the yen weakened past 142 amid cautious sentiment. Gold held above $3,330 on safe-haven demand and ongoing trade tensions. The British pound eased to $1.3225 after a seven-day rally, with UK inflation softening. Silver remained firm above $32.50, as markets digested Powell’s inflation warnings and a White House review of mineral tariffs.
USD/JPY Analysis By zForex Research Team - 04.17.2025
Yen Weakens Past 142 as Powell Pushes Back on Rate Cuts
The Japanese yen weakened past 142 per dollar on Thursday as the U.S. dollar rebounded after Fed Chair Powell signaled no imminent rate cuts. He warned that tariffs could raise inflation and slow growth. Japan’s March exports missed forecasts due to weaker demand from China and the EU, though rising imports pointed to stable domestic demand. Economy Minister Ryosei Akazawa said currency issues were not on the agenda in current U.S. trade talks, where Japan continues pushing for the removal of Trump-era tariffs, including a 10% base rate and an extra 25% on auto exports.
Key resistance is at 144.20, with further levels at 148.30 and 152.50. Support stands at 141.80, followed by 141.00 and 139.65.
Gold Analysis By zForex Research Team - 04.17.2025
Gold Holds Above $3,330 on Trade Uncertainty
Gold held above $3,330 on Thursday after a 3% jump, supported by safe-haven demand amid U.S. trade policy uncertainty. The Trump administration paused tariffs on some tech goods but opened new probes into semiconductor and pharmaceutical imports, possibly leading to fresh levies. Fed Chair Jerome Powell signaled no immediate rate changes, warning tariffs could raise inflation and slow growth. Investors are also watching for progress in U.S.-China trade talks, with Beijing open to negotiations under specific conditions.
Key resistance is at $3360, followed by $3,380 and $3,400. Support stands at $3290, then $3245 and $3190.
Daily Analysis By zForex Research Team - 04.18.2025
Markets Pause After ECB Cut, Yen CPI Data, and Trade Jitters
The euro eased slightly after the ECB delivered a widely expected rate cut but retained strong monthly gains. The yen held firm following Japan’s CPI data, while gold and silver pulled back from recent highs as traders booked profits ahead of the Easter holiday.
The U.S. dollar saw modest strength following hawkish Fed signals, despite continued trade tensions and inflation concerns. Sterling extended its rally on a softer inflation print, while market focus shifts to next week’s central bank meetings and trade developments.
EUR/USD Analysis By zForex Research Team - 04.18.2025
Euro Eases After ECB Cut but Holds Weekly Gains
The euro edged down toward $1.13 on Friday, easing slightly from its highest level since January 2022, after the ECB delivered a widely expected rate cut. The central bank lowered the deposit rate by 25 basis points to 2.25%. This marked the sixth consecutive cut and brought the rate to its lowest level since early 2023. The ECB also removed its previous reference to policy being "restrictive" but warned that rising global trade tensions could weaken the growth outlook.
Despite the pullback, the euro has gained around 5% against the dollar in April. The rally has been fueled by growing doubts about the dollar’s global dominance and increased investor preference for the euro. Additional support came from expectations of higher defense spending in the eurozone, particularly in Germany. On Good Friday, with markets quiet, the euro held steady near 1.1370.
Key resistance is at 1.1415, followed by 1.1475 and 1.1500. Support lies at 1.1260, then 1.1180 and 1.1100.
USD/JPY Analysis By zForex Research Team - 04.18.2025
Yen Holds Steady After CPI Data, BOJ in Focus
The Japanese yen held around 142.3 per dollar on Friday, near a seven-month high, after inflation data showed headline CPI eased to 3.6% in March and core inflation matched forecasts at 3.2%.
Focus now shifts to next week’s Bank of Japan meeting, where rates are expected to stay at 0.5%. However, growth forecasts may be lowered due to concerns over U.S. tariffs impacting Japan’s export-driven economy. The BOJ is likely to stick with gradual tightening, supported by rising wages and food prices.
Finance Minister Kato denied currency manipulation, saying Japan isn’t deliberately weakening the yen.
Key resistance is at 144.20, with further levels at 148.30 and 152.50. Support stands at 141.80, followed by 141.00 and 139.70.
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Daily Analysis By zForex Research Team - 04.21.2025
Dollar's Dip Impacts Currencies and Gold
The financial markets experienced significant fluctuations, driven by a weakening U.S. dollar and escalating trade tensions.
The EUR/USD climbed with concerns over the Federal Reserve's independence, while the Japanese yen strengthened as the dollar weakened. Gold prices surged to a new all-time high, fueled by trade fears and a low-yield environment. The British pound extended its winning streak, supported by the dollar's slide, and silver prices hovered.
EUR/USD Analysis By zForex Research Team - 04.21.2025
EUR/USD Surges to 1.1470 on Dollar's Three-Year Low
EUR/USD opened the week with strong momentum, climbing to around 1.1470 on Monday morning. This surge came as the U.S. dollar index dropped to a fresh three-year low near 98.6, pressured by rising concerns about the Federal Reserve’s independence. Market anxiety intensified following renewed criticism from President Donald Trump, who stated last week that the removal of Fed Chair Jerome Powell "cannot come fast enough," calling for deeper rate cuts. These remarks added to ongoing market unease already fueled by trade tensions and policy uncertainty under the Trump administration.
Key resistance levels are seen at 1.1530, 1.1600, and 1.1680, while support is located at 1.1400, 1.1260, and 1.1180.
Gold Analysis By zForex Research Team - 04.21.2025
XAU/USD Driven by ECB Rate Cut
Gold prices surged more than 1% on Monday, reaching a new all-time high above $3,370 per ounce. The rally was driven by intensifying global trade tensions and a weakening U.S. dollar, which has fallen to its lowest level in three years. The dollar’s decline has made gold more attractive to non-dollar investors.
The latest catalyst came from President Trump’s order for a probe into possible new tariffs on all U.S. critical mineral imports, sparking further trade fears, especially with China. The ECB’s recent rate cut also strengthened gold’s appeal in a low-yield environment. Sentiment was further shaken after White House adviser Kevin Hassett confirmed that the administration is still reviewing Powell’s position, deepening concerns about the Fed’s autonomy.
Key resistance is at $3400, followed by $3,450 and $3,500. Support stands at $3356, then $3310, and $3250.
Daily Analysis By zForex Research Team - 04.22.2025
Risk Aversion Rises on Trade
The dollar weakened further on Tuesday as concerns over the Fed’s independence and mounting U.S.-China trade tensions rattled investors.
EUR/USD remained firm above 1.15, while the Japanese yen surged to seven-month highs and gold hit a record above $3,460 on safe-haven flows. The British pound extended gains despite softer inflation data, and silver rebounded toward $33 amid geopolitical risks. Markets now await central bank commentary and trade policy clarity amid rising political noise.
EUR/USD Analysis By zForex Research Team - 04.22.2025
EUR/USD Holds Firm as U.S. Policy Uncertainty Grows
EUR/USD traded around 1.1530 on Tuesday, while the dollar index remained around 98.4, weighed down by concerns about the Federal Reserve’s independence and escalating trade tensions. President Trump called for swift rate cuts and suggested removing Fed Chair Jerome Powell, fueling worries over political influence on monetary policy. The sentiment was further impacted by stalled US-China negotiations and China’s warnings to countries aligning with Washington.
Key resistance is at 1.1550, followed by 1.1600 and 1.1680. Support lies at 1.1400, then 1.1260 and 1.1180.
GBP/USD Analysis By zForex Research Team - 04.22.2025
UK Inflation Eases, But Pound Strengthens
The British Pound rose above $1.34 on Tuesday, its highest level in seven months, supported by broad dollar weakness. This gain came despite UK inflation softening more than expected, with headline CPI at 2.6% and services inflation down to 4.7%. Easing price pressures led markets to raise expectations for Bank of England rate cuts, now pricing in 86 basis points of easing by year-end, with a fourth cut increasingly likely.
If GBP/USD breaks above 1.3430, resistance levels are at 1.3500 and 1.3550. Support is at 1.3300, followed by 1.3200 and 1.3050.
Daily Analysis By zForex Research Team - 04.23.2025
Markets Stabilize as Trump Calms Fed Concerns
Global markets stabilized on Wednesday after President Trump confirmed he would not remove Fed Chair Powell, easing fears over central bank independence.
The dollar firmed slightly on improved sentiment, pushing EUR/USD back toward 1.1400 and weighing on gold and silver. The yen held steady near 142, and the British pound dipped from recent highs as traders awaited key PMI data from the UK, Eurozone, and U.S. Gold slipped further from its all-time high, while silver eased on risk-on flows and softer trade rhetoric.
EUR/USD Analysis By zForex Research Team - 04.23.2025
Euro Pauses Near 1.1400 as Trade Tensions Ease
The euro is trading near 1.1400, easing after President Trump confirmed he does not plan to remove Fed Chair Powell. The currency also faced pressure from reduced trade war tensions, which supported the U.S. Dollar Index. Markets now await key PMI data from major Eurozone economies and the bloc overall.
Key resistance is at 1.1460, followed by 1.1580 and 1.1680. Support lies at 1.1260, then 1.1200 and 1.1150.
USD/JPY Analysis By zForex Research Team - 04.23.2025
Yen Holds Ground as Dollar Strength Eases
The Japanese yen hovered around 142 per dollar on Wednesday, after falling over 1% the day before. The decline followed a stronger U.S. dollar, driven by easing U.S.-China trade tensions and reduced concerns about Fed independence. Treasury Secretary Scott Bessent called the tariff conflict “unsustainable,” raising hopes for a resolution, though he noted talks would be slow. President Trump added confidence by saying he won’t replace Fed Chair Powell. In Japan, April data showed a return to private sector growth, led by services, rebounding from a March contraction.
Key resistance is at 142.50, with further levels at 144.00 and 145.90. Support stands at 139.70, followed by 137.00 and 135.00.
Daily Analysis By zForex Research Team - 04.24.2025
Markets Keep Steady During Fed Reassures, Tariff Fears
The euro held near $1.1350 on Thursday as concerns over Fed independence eased but skepticism toward the U.S. dollar lingered.
The yen gained on renewed U.S.-China trade friction, while gold rebounded toward $3,360 as negotiations stalled. Silver surged above $33.50, supported by both safe-haven demand and industrial optimism. The British pound remained resilient near $1.3280 as Trump’s support for Powell helped stabilize investor sentiment. Traders now await further signals from ongoing global tariff discussions and upcoming economic releases.
GBP/USD Analysis By zForex Research Team - 04.24.2025
Pound Resilient Amid Easing Policy Jitters
The British pound held firm at around 1.3280 on Thursday morning, maintaining levels seen in the previous session. Support came after comments from U.S. President Donald Trump helped calm markets, especially his confirmation that there are no intentions to dismiss Federal Reserve Chair Jerome Powell. The statement was welcomed by investors, reinforcing confidence in the Fed’s independence and the broader stability of U.S. monetary policy.
If GBP/USD breaks above 1.3430, resistance levels are at 1.3500 and 1.3550. Support is at 1.3200, followed by 1.3050 and 1.2960.
Gold Analysis By zForex Research Team - 04.24.2025
Gold Climbs as US-China Tariff Talks Stall
Gold edged closer to $3,360 on Thursday, rebounding after a two-day decline as US-China trade uncertainty continued to support safe-haven demand. Treasury Secretary Bessent noted that tariff relief is needed for talks to advance, although President Trump ruled out unilateral cuts. Meanwhile, proposed exemptions for automakers helped ease market concerns. Gold remains up over 30% year-to-date, with the gold-to-silver ratio near its highest level since 1994, excluding the pandemic period.
Key resistance is at $3410, followed by $3,500 and $3,600. Support stands at $3315, then $3290 and $3250.
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Daily Analysis By zForex Research Team - 04.25.2025
Markets Steady as Trump Eases Trade and Fed Concerns
The U.S. dollar rebounded on Friday as President Trump reassured markets that U.S.-China trade talks continue and clarified his support for Fed Chair Powell.
EUR/USD traded near 1.1350, while the yen weakened to around 143 per dollar amid easing global tensions. Gold held near $3,330 as cautious sentiment persisted, while silver hovered around $33.50. The British pound stayed flat, with upcoming economic releases likely to guide next week’s direction.
EUR/USD Analysis By zForex Research Team - 04.25.2025
Trump Reassures on Trade and Fed
The EUR/USD traded near 1.1350 on Friday, while the US Dollar Index rose above 99.5, recovering from earlier losses. The dollar strengthened after President Trump reassured markets that trade talks with China would continue, despite Beijing’s denials. Optimism also grew on reported progress with Japan and South Korea. Earlier, Treasury Secretary Bessent said US-China tariffs must be reduced significantly for real progress, increasing hopes for a deal. Trump also eased monetary policy concerns by stating he never planned to remove Fed Chair Powell. Although Cleveland Fed President Beth Hammack mentioned a rate cut in June if needed, renewed trade optimism lifted the dollar.
Key resistance is at 1.1460, followed by 1.1580 and 1.1680. Support lies at 1.1260, then 1.1200 and 1.1150.
Silver Analysis By zForex Research Team - 04.25.2025
Silver Holds Ground on Mixed Trade Signals
Silver is trading around $33.50 on Friday morning, continuing to show greater sensitivity to macroeconomic shifts and trade news due to its dual role as both a precious and industrial metal. Recent price movements were shaped by mixed signals in U.S.-China trade relations. Although the Trump administration reportedly considered tariff reductions, Treasury Secretary Scott Bessent clarified that no formal proposals have been made and negotiations have not yet begun.
Technically, silver faces initial resistance at $33.80, with further levels at $34.20 and $34.85 if the upward move continues. On the downside, immediate support is seen at $33.15, followed by $31.40 and $30.20 if further weakness occurs.
Daily Analysis By zForex Research Team - 04.28.2025
Dollar Pressures Currencies, GBP Holds Steady
EUR/USD slipped near 1.1360 as dollar strength and expectations of a dovish ECB weighed on the euro. The Japanese yen neared 144 against the dollar, pressured by improving global trade sentiment and ahead of renewed U.S.-Japan trade talks.
Gold dropped below $3,300 per ounce, losing ground as easing U.S.-China tensions and a stronger dollar reduced safe-haven demand. GBP/USD hovered around 1.3300, supported by strong UK retail sales and hopes for a U.K.-U.S. trade deal, while silver fell to $32.80, pressured by improved risk sentiment and a firm dollar as traders awaited key U.S. economic data later this week.
EUR/USD Analysis By zForex Research Team - 04.28.2025
EUR/USD Falls on ECB Dovishness
EUR/USD traded lower near 1.1360 on Monday, pressured by a stronger U.S. dollar following easing U.S.-China trade tensions. Optimism grew after China reduced some tariffs and U.S. officials mentioned ongoing talks, although Beijing denied any formal negotiations. Meanwhile, expectations for a dovish ECB strengthened as Eurozone inflation is expected to stay below the 2% target.
Key resistance levels are at 1.1460, 1.1580, and 1.1680, while support lies at 1.1260, 1.1200, and 1.1150.
Yen Analysis By zForex Research Team - 04.28.2025
Yen Nears 144 as U.S.-Japan Talks Continue
The Japanese yen weakened toward 144 per dollar on Monday, extending last week’s slide as global trade sentiment improved and the dollar firmed. Markets reacted to a private meeting between Japan’s Finance Minister Kato and U.S. Treasury Secretary Bessent, where both sides emphasized ongoing dialogue on currency issues. Meanwhile, Japan’s trade negotiator heads to Washington this week, while the Bank of Japan is expected to keep rates steady at 0.5% with concerns about the economic effects of U.S. tariffs.
Key resistance is at 144.00, with further levels at 145.90 and 146.75. Support stands at 139.70, followed by 137.00 and 135.00.
Daily Analysis By zForex Research Team - 04.29.2025
Markets Eye ECB and BOE Cuts as Trade Optimism Lifts Dollar
The euro slipped to 1.1415 as ECB rate cut bets strengthened, while the pound fell on growing BoE easing expectations.
The yen edged toward 144 ahead of the BoJ meeting, and gold retreated below $3,330 amid easing trade tensions and a firmer dollar. Silver softened to $33.00 as optimism grew around U.S.-China tariff negotiations. All eyes are now on key U.S. economic data, including Q1 GDP, PCE inflation, and nonfarm payrolls, for clues on Fed policy direction.
Gold Analysis By zForex Research Team - 04.29.2025
Gold Retreats as Investors Eye Key Economic Data
Gold fell below $3,330 per ounce on Tuesday as investors monitored tariff talks and awaited key economic data. Treasury Secretary Scott Bessent said many top U.S. trading partners made "very good" tariff proposals and noted China’s tariff exemptions signal de-escalation efforts. He stressed it is now up to China to act. A modest rebound in the U.S. dollar also pressured gold. Markets are focused on upcoming reports, including Q1 GDP, March PCE inflation, and April nonfarm payrolls, for clues on the economy and Fed policy.
Key resistance is at $3365, followed by $3,405 and $3,500. Support stands at $3250, then $3165 and $3050.
GBP/USD Analysis By zForex Research Team - 04.29.2025
Pound Pressured by BOE Cut Expectations
GBP/USD dipped to approximately 1.3425 during early Asian trading on Tuesday, as a slight rebound in the U.S. dollar put pressure on the pair. The dollar was supported by easing U.S.-China trade tensions, following China’s decision to exempt certain U.S. imports from tariffs, despite its denial of ongoing negotiations.
Meanwhile, expectations of a 25 basis point rate cut by the Bank of England in May continue to weigh on the pound. Markets are now focused on an upcoming speech by BoE Deputy Governor Dave Ramsden, with any dovish remarks likely to add further downside pressure on the GBP.
If GBP/USD breaks above 1.3430, resistance levels are at 1.3500 and 1.3550. Support is at 1.3200, followed by 1.3050 and 1.2960.
Daily Analysis by zForex Research Team - 04.30.2025
Markets Steady as Tariff Hopes Offset Dovish Signals
The euro rebounded toward 1.1375 but remained range-bound as dovish ECB rhetoric capped the upside. The yen fell to 142.4 after weak Japanese data, while the pound slipped to 1.338, still near a two-year high, supported by limited UK tariff exposure.
Gold dipped below $3,310 as tariff fears eased, though the metal stayed on course for its fourth monthly gain. Silver slid with a stronger dollar, while key U.S. data looms.
EUR/USD Analysis by zForex Research Team - 04.30.2025
EUR/USD Rebounds but Stays Range-Bound
EUR/USD bounced from nearly 1.1300 to 1.1375 but stayed range-bound as a modest dollar rebound caps gains. The euro is weighed by dovish ECB comments and growing June rate cut bets, while the dollar is supported ahead of key US data. ECB officials flagged easing inflation and trade risks. Still,
Trump’s trade stance and Fed cut hopes limit USD strength. Markets now await Eurozone inflation and GDP, plus US ADP jobs, Q1 GDP, and PCE data.
Key resistance is at 1.1460, followed by 1.1580 and 1.1680. Support lies at 1.1260, then 1.1200 and 1.1150.
Yen Analysis by zForex Research Team - 04.30.2025
Yen Falls to 142.4 on Weak Data
The Japanese yen fell to around 142.4 per dollar on Wednesday, its second day of losses, after weak March data showed industrial output and retail sales missed forecasts. Investors await the Bank of Japan's decision, with rates expected to stay at 0.5% and a cautious tone likely amid U.S. tariff risks. Meanwhile, U.S. Treasury Secretary Bessent said “substantial talks” with Japan are ongoing, increasing hopes for a trade deal.
Key resistance is at 144.00, with further levels at 145.90 and 146.75. Support stands at 139.70, followed by 137.00 and 135.00.
Daily Analysis by zForex Research Team - 05.01.2025
USD Strength on Trade Sentiment Impacts Currencies
EUR/USD dropped to a two-week low near 1.1300 despite soft U.S. data, as hopes of potential trade deals lifted the dollar.
Gold extended its slide below $3,230 while silver steadied around $32.10 with weak U.S. growth and disappointing jobs data. GBP/USD also retreated slightly, weighed by a firmer dollar ahead of the U.S. non-farm payrolls report expected to influence Fed policy outlook.
EUR/USD Analysis by zForex Research Team - 05.01.2025
EUR/USD Slides Below 1.1300
EUR/USD dropped 0.2% on Thursday to around 1.1300, hitting a two-week low. Despite weak U.S. data, investor sentiment shifted toward optimism on trade, lifting the dollar. Comments from President Trump about potential deals with China, Japan, South Korea, and India supported the greenback, adding pressure on the euro. The pair remains under short-term bearish pressure as markets await Friday’s U.S. non-farm payrolls, which may signal a potential slowdown in job growth.
Resistance levels are seen at 1.1460, then 1.1580 and 1.1680, while support rests at 1.1260, followed by 1.1200 and 1.1150.
Yen Analysis by zForex Research Team - 05.01.2025
Yen Rises for Third Day as BoJ Holds Rates
USD/JPY rose to 143.4 on Thursday, marking its third straight daily gain as the yen weakened following the Bank of Japan's decision to keep rates at 0.5%. This was the second consecutive meeting with no changes, as policymakers assess the impact of U.S. tariffs on Japan’s exports.
The dollar also gained after Trump’s comments hinted at progress in trade talks with Japan, India, and South Korea, along with optimism about a deal with China.
Resistance is located at 145.90, followed by 146.75 and 149.80. On the downside, support levels are at 139.70, then 137.00 and 135.00.
Daily Analysis by zForex Research Team - 05.02.2025
Trade Optimism Cools Demand for Havens
The euro dipped to $1.13 after a strong April, while the yen hovered near 146 amid fading safe-haven demand. Gold and silver extended losses as President Trump voiced optimism over trade deals with key Asian partners, easing tariff concerns.
Despite a Q1 contraction in the U.S. economy, the dollar gained on renewed confidence. The British pound rose to $1.332, supported by lower tariff exposure and cautious BoE outlook.
Gold Analysis by zForex Research Team - 05.02.2025
Gold Set for Second Weekly Loss on Trade Optimism
Gold hovered near $3,250 on Friday, close to a two-week low and set for a second weekly loss, as easing trade tensions reduced safe-haven demand. China said it may start trade talks with the U.S., following Trump’s comments on potential deals with India, Japan, South Korea, and a "very good chance" with China. Trump also signed an order easing tariffs on autos and parts. U.S. data showed a Q1 economic contraction and flat March PCE inflation. Markets now await the nonfarm payrolls report for Fed policy signals.
Resistance is expected at $3,365, then $3,405 and $3,500. Support stands at $3,210, followed by $3,165 and $3,050.
Silver Analysis by zForex Research Team - 05.02.2025
Silver Falls to $32 on Trade Optimism
Silver fell over 1% to near $32 per ounce on Thursday, its third straight drop, as easing trade tensions reduced safe-haven demand. President Trump signaled possible trade deals with India, Japan, and South Korea, and voiced optimism about China. Silver’s industrial outlook also weakened after the U.S. economy shrank 0.3% in Q1. This was its first contraction in three years, and China’s NBS manufacturing PMI fell to a 16-month low, with export orders plunging most since 2022.
The first resistance is seen at $33.80, with higher levels at $34.20 and $34.85 if momentum builds. Support begins at $32.00, followed by $31.40 and $30.20.
Daily Analysis by zForex Research Team - 05.05.2025
Euro and Metals Rise as Dollar Weakens Ahead of Fed Decision
The euro edged up to $1.1340 as the U.S. dollar weakened on expectations that the Federal Reserve will hold rates steady this week. The yen gained slightly amid ongoing trade talks and a dovish Bank of Japan outlook.
Gold climbed above $3,260 and silver rose 0.7% to $32.20, both supported by safe-haven demand and a softer dollar. Meanwhile, GBP/USD approached 1.329 as traders await Thursday’s BoE decision, with markets pricing in a rate cut.
EUR/USD Analysis by zForex Research Team - 05.05.2025
Euro Rises as Fed Seen Holding Rates Steady
The euro rose 0.3% to around 1.1340, rebounding from last week’s low of 1.1266. The U.S. dollar weakened due to strength in Asian currencies, uncertainty over trade policy, and expectations that the Federal Reserve will keep rates unchanged this week. A June rate cut also looks less likely. Trading volumes remained low as Japan and China observed public holidays, limiting market movement.
Resistance levels are seen at 1.1460, then 1.1580 and 1.1680, while support rests at 1.1260, followed by 1.1200 and 1.1150.
GBP/USD Analysis by zForex Research Team - 05.05.2025
GBP/USD Hits 1.329 Ahead of BoE Decision
GBP/USD climbed to 1.329 today as the U.S. dollar weakened on speculation about Asian currency revaluations and cautious expectations for the Fed. Attention now turns to Thursday’s Bank of England meeting, where a 25 basis point rate cut is widely anticipated. Investors will look for guidance on further easing toward 3.50% by year-end. The pair also remains responsive to upcoming U.S. data, especially the ISM services report.
If GBP/USD breaks above 1.3430, the next resistance levels are 1.3500 and 1.3550. Support levels are at 1.3200, followed by 1.3050 and 1.2960.
Daily Analysis by zForex Research Team - 06.05.2025
Markets Mixed Ahead of Fed: Gold Up, Euro Down
The euro slipped to $1.1315 on Tuesday, pressured by dollar strength ahead of the Federal Reserve’s rate decision. The yen also weakened toward 144, while gold surged to nearly $3,360 as renewed tariff threats increased safe-haven demand.
Sterling dipped to $1.3265, awaiting both Fed and Bank of England policy updates. Silver remained steady at nearly $33 as global uncertainty persisted.
Yen Analysis by zForex Research Team - 06.05.2025
Yen Slips Toward 144 on Stronger Dollar
The Japanese yen edged lower toward 144 per dollar on Tuesday, as the U.S. dollar strengthened amid optimism over potential U.S.-China trade talks and investor caution ahead of the Federal Reserve’s policy decision. President Trump suggested a possible reduction in tariffs on Chinese goods. Meanwhile, the Bank of Japan held rates steady but revised its growth and inflation outlook. Trading activity remained subdued due to a public holiday in Japan.
Resistance is located at 145.90, followed by 146.75 and 149.80. On the downside, support levels are at 139.70, then 137.00 and 135.00.
Gold Analysis by zForex Research Team - 06.05.2025
Gold Climbs on Safe-Haven Demand
Gold climbed to nearly $3,360 per ounce on Tuesday, marking its highest level in over a week, as renewed tariff threats from President Trump increased safe-haven demand. Trump announced a 100% tariff on foreign films and signaled upcoming measures targeting pharmaceuticals. Investors are now focused on the Federal Reserve’s policy decision, with rates expected to stay unchanged despite Trump’s push for cuts.
Resistance is expected at $3,385, then $3,450 and $3,500. Support stands at $3,300, followed by $3,265 and $3,200.
Daily Analysis by zForex Research Team - 07.05.2025
Global Markets Await Fed as Dollar Steadies
The euro edged down to $1.1338 on Wednesday, pressured by political uncertainty in Germany and caution ahead of the Federal Reserve’s rate decision.
The yen reversed recent gains as optimism grew over U.S.-China trade talks, while gold and silver retreated on reduced safe-haven demand. The British pound held near $1.335 ahead of the Bank of England’s expected rate cut and forecasts.
EUR/USD Analysis by zForex Research Team - 07.05.2025
Euro Slips to $1.1338 Ahead of Fed Decision
The euro fell 0.2% to $1.1338 on Wednesday, retreating from recent gains amid political developments in Germany. Although the U.S. dollar remained under pressure due to global outflows and trade-related uncertainty, the euro lacked clear direction as markets awaited the Federal Reserve’s policy decision. With rates likely to remain unchanged, uncertainty around future cuts and U.S. inflation kept EUR/USD range-bound.
Resistance levels are seen at 1.1460, then 1.1580 and 1.1680, while support rests at 1.1260, followed by 1.1200 and 1.1150.
Gold Analysis by zForex Research Team - 07.05.2025
Gold Falls Below $3,380 on Trade Talk Hopes
Gold fell below $3,380 per ounce on Wednesday, ending a two-day rally, as news of an upcoming US-China meeting reduced safe-haven demand. The talks aim to ease trade tensions after last month’s tariff hikes by both nations. Investors now await the Federal Reserve’s policy decision and comments from Chair Powell, with rates expected to remain unchanged despite political pressure for cuts.
Resistance is expected at $3,460, then $3,500 and $3,550. Support stands at $3,350, followed by $3,300 and $3,265.
Daily Analysis by zForex Research Team - 08.05.2025
Traders Weigh BoE Cut and Trade Announcements
The EUR/USD pair hovered above 1.1300 with reduced political uncertainty in Europe. The Japanese yen firmed to 143.6 per dollar as global trade tensions renewed precious metals interest and BoJ minutes signaled cautious openness to further hikes.
Gold slipped to $3,360 as the Fed held rates and dismissed preemptive cuts, though trade risks limited losses. GBP/USD remained steady near 1.33 ahead of a likely BoE rate cut, with optimism around a new UK-India trade deal offering support.
Yen Analysis by zForex Research Team - 08.05.2025
Yen Firms with BoJ Caution
The Japanese yen strengthened to around 143.6 per dollar on Thursday, recovering as rising global trade uncertainty stimulated demand for gold. The move followed President Trump’s announcement of a deal with a “big” country, reportedly the UK, and his refusal to cut tariffs on China ahead of U.S.-China talks in Switzerland. U.S.-Japan negotiations continue, with Tokyo aiming to finalize a bilateral deal by June. Meanwhile, BoJ minutes showed policymakers remain open to rate hikes if inflation targets are met, though they flagged external risks from U.S. trade policy.
Resistance stands at 145.90, with further levels at 146.75 and 149.80. Support is found at 139.70, then 137.00 and 135.00.
Silver Analysis by zForex Research Team - 08.05.2025
Silver Slips as Fed Holds Rates
Silver rose more than 1% to approach the $33 mark on Thursday, supported by renewed interest on precious metals with ongoing trade and economic uncertainty. The Federal Reserve left interest rates unchanged, with Chair Powell citing heightened risks while dismissing the need for early rate cuts. Sentiment was also influenced by President Trump’s announcement of an imminent trade deal, reportedly with the UK, and his firm stance on maintaining tariffs against China ahead of upcoming negotiations.
Technically, resistance is seen at $33.80, followed by $34.20 and $34.85, while support levels are noted at $32.00, $31.40, and $30.20.
Daily Analysis by zForex Research Team - 14.05.2025
Soft CPI Lifts EUR, Weighs on USD
Soft U.S. inflation data weakened the dollar and lifted risk sentiment. EUR/USD climbed toward 1.1200, supported by falling U.S. CPI, while USD/JPY slipped toward 147 as the yen rebounded.
Gold dipped below $3,230 despite Fed rate cut bets, and silver retreated to mid-$31s after briefly breaching $33. GBP/USD held firm near 1.3300, steadying after tariff relief and ahead of key UK growth data.
EUR/USD Analysis by zForex Research Team - 14.05.2025
EUR/USD at 1.1200 as Dollar Weakens on Soft CPI
EUR/USD climbed to around 1.1195 in Wednesday’s Asian session, recovering after a sharp 2.5% drop. The rebound followed underperforming U.S. CPI data for April, with annual inflation slowing to 2.3% from 2.4%, the lowest since February 2021.
Core CPI remained steady at 2.8%, in line with expectations. The softer data pressured the U.S. dollar and lifted the euro. Attention now shifts to Germany’s HICP release for fresh direction.
The pair faces resistance at 1.1260, with further upside at 1.1460 and 1.1580, while support sits at 1.1040, followed by 1.1000 and 1.0960.
Gold Analysis by zForex Research Team - 14.05.2025
Gold Under $3,230 with Risk-On Mood
Gold edged lower to around $3,230 in Wednesday’s session, facing selling pressure after optimism over a U.S.-China trade breakthrough reduced safe-haven demand. The recent tariff agreement lifted broader market sentiment, keeping gold near its weekly lows.
However, softer U.S. inflation data raised expectations for potential Fed rate cuts, slightly supporting the non-yielding metal. Traders await a firm break below the $3,200 level for signs of deeper downside.
Gold sees resistance at $3,325, $3,360, and $3,440, while support is held at $3,235, $3,200, and $3,165.
Daily Analysis by zForex Research Team - 15.05.2025
Inflation Softens and Trade Momentum Builds
The euro regained ground near 1.1200, supported by reserve status momentum and a weaker dollar, while the Japanese yen strengthened on growing pressure to eliminate U.S. car tariffs.
Gold hovered near $3,155 after a sharp drop, weighed by improved risk appetite, and silver slipped below $31.90 despite soft inflation data aiding foreign demand. Meanwhile, GBP/USD climbed toward 1.3300, supported by easing U.S. tariffs on British goods and expectations for key UK GDP data.
EUR/USD Analysis by zForex Research Team - 15.05.2025
Euro Rises Near 1.1200 on Reserve Status
EUR/USD traded around 1.1200 during Thursday’s Asian session, rebounding ahead of the Eurozone’s Q1 2025 GDP report. The Euro remains supported by its rising role in global reserves, with Capital Economics noting its strongest position in years. U.S. policies under President Trump set this shift in motion, which is seen as weakening the dollar’s appeal as a popular asset. Germany’s increased fiscal spending has also lifted euro demand.
Despite ECB officials signaling more rate cuts, the Euro holds steady against a softer U.S. Dollar, which remains pressured by lingering trade uncertainty. Markets are now focused on U.S. retail sales and PPI data, while speculation grows that the U.S. might allow a weaker Dollar to aid exports.
EUR/USD faces resistance at 1.1260, with further upside near 1.1460 and 1.1580. Support begins at 1.1040, followed by 1.1000 and 1.0960.
Gold Analysis by zForex Research Team - 15.05.2025
Risk Appetite Weighs on Gold
Gold hovers near $3,155, attempting to stabilize after falling more than 2% the previous day. The metal trades below $3,200, pressured by improved risk appetite following U.S.-China tariff reductions and upcoming U.S. data releases, including PPI and Retail Sales.
Fed Chair Powell’s speech is also in focus, as markets seek clues on interest rate policy. While the weaker Dollar has lent gold some support, traders remain cautious ahead of potential rate-cut signals.
Key resistance is seen at $3,235, followed by $3,300 and $3,350. On the downside, support begins at $3,120, then $3,030 and $2,956.
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