The euro was once again the strongest major currency last week, while the Swiss franc was the weakest. Volatility decreased during this time, as only 11% of the most important Forex currency pairs and crosses changed in value by more than 1%.
The euro rallied once again during the course of the week, yet it now seems to be struggling at the 200-week EMA. It also seems like the 1.09 level could be offering a significant amount of resistance.
This will be an interesting week. After all, the S&P 500 is not often down for five consecutive weeks, so this might be the week the market attempts a rebound. Additionally, the relationship between Bitcoin and the dollar appears to be unraveling.
In today’s increasingly volatile market, the ability to identify, measure, and exploit mean reversion opportunities remains one of the most reliable edges available to investors. While markets often evolve, the fundamental principles rarely do.
The USD/JPY currency pair experienced a slightly bullish week as the dollar recovered along with Treasury yields. Meanwhile, the yen gave up some gains as market participants worried about the impact of Trump’s tariffs on Japan.
The Bank of England, Sweden's Riksbank, and the Bank of Japan are set to meet, and they will likely not do anything. The BOE will keep the door open to further cuts, while the BOJ could start looking at additional hikes.
Tariff fears loom large. With early April's reciprocal trade tariffs fast approaching, markets are bracing for potential fallout, and Europe could be in the crosshairs.
U.S. consumer confidence hits 4-month low due to inflation concerns. All groups show decline in sentiment, with highest inflation expectations since 1993.
On March 13, US markets closed lower, with the S&P 500 entering a correction as trade war fears overshadowed positive inflation data. Gold hit record high, while Dow and Nasdaq declined.
The Japanese Yen (JPY) attracts some sellers during the Asian session on Friday and reverses the previous day's positive move against its American counterpart amid a slight improvement in the global risk sentiment.
Short term outlook of EURUSD shows a bullish impulsive structure with extension (nest) from 1.13.2025 low. Up from 1.13.2025 low, wave 1 ended at 1.0533 and pullback in wave 2 ended at 1.0205.
EUR/USD trimmed a bit more of its recent gains on Thursday, falling back around one-third of one percent as Europe gears up for a protracted back-and-forth on trade tariffs with US President Donald Trump.
