Sam Seiden
Independent Analyst
During this session, Sam goes through his process to identify the most likely turning points and market moves in the Forex markets.
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Editors’ Picks
EUR/USD flat lines near 1.1800 as traders brace for US PPI release
The EUR/USD pair trades on a flat note near 1.1800 during the early Asian session on Friday. The pair steadies as softer Eurozone inflation offsets US tariff uncertainties. Traders await the preliminary reading of the Consumer Price Index from Germany on Friday for more clues about the pace of future policy easing. On the US front, the Producer Price Index report will be released.
GBP/USD threatens the 200-day SMA near 1.3440
GBP/USD rapidly leaves behind Wednesday’s strong advance, coming under heavy pressure and retesting the 1.3440 zone, where the critical 200-day SMA is located. Cable’s deep pullback follows the strong gains in the Greenback, while investors continue to pencil in a potential BoE rate cut in March.
USD/JPY slides back below 156.00 as Tokyo CPI backs further BoJ rate hikes
USD/JPY attracts fresh sellers for the second straight day following the release of Tokyo CPI, which grew slightly more than expected in February. This comes on top of hawkish comments by BoJ officials and backs the case for further policy tightening, providing a modest lift to the Japanese Yen. Apart from this, sustained safe-haven buying, amid trade-related uncertainties and geopolitical tensions, benefits the JPY's safe-haven status. However, reduced Fed rate cut bets underpin the US Dollar and could help limit losses for the currency pair.
Editors’ Picks
USD/JPY slides back below 156.00 as Tokyo CPI backs further BoJ rate hikes
USD/JPY attracts fresh sellers for the second straight day following the release of Tokyo CPI, which grew slightly more than expected in February. This comes on top of hawkish comments by BoJ officials and backs the case for further policy tightening, providing a modest lift to the Japanese Yen. Apart from this, sustained safe-haven buying, amid trade-related uncertainties and geopolitical tensions, benefits the JPY's safe-haven status. However, reduced Fed rate cut bets underpin the US Dollar and could help limit losses for the currency pair.
AUD/USD consolidates around 0.7100 as trade and geopolitical uncertainties counter hawkish RBA
AUD/USD steadies around 0.7100 following the previous day's modest pullback and remains on track to register gains for the sixth week in a row as the RBA's hawkish stance continues to underpin the Aussie. However, reduced bets for a more aggressive easing by the US Fed keep the US Dollar close to the monthly peak. Furthermore, trade uncertainties and threats of imminent US strikes on Iran act as a headwind for the risk-sensitive Australian Dollar.
Gold remains below $5,200 despite tariff jitters and geopolitical risks
Gold is seen consolidating in a range below the $5,200 mark during the Asian session on Friday amid mixed cues. Trade jitters, along with the risk of a potential US-Iran war, act as a tailwind for the safe-haven bullion. Meanwhile, the Fed's hawkish outlook keeps the US Dollar close to the monthly high and caps the non-yielding yellow metal. Nevertheless, the commodity remains on track to register gains for the fourth straight week, though the fundamental backdrop warrants some caution for bullish traders.
How AI, blockchain, stablecoins are shaping a new global economy – Circle CEO Jeremy Allaire
Artificial Intelligence (AI), blockchain technology and stablecoins are emerging as core pillars of a new global economic system, according to Circle’s CEO, Jeremy Allaire.
Changing the game: International implications of recent tariff developments
The Supreme Court ruling on International Emergency Economic Powers Act (IEEPA) tariffs provides limited relief for the rest of the world, with weighted average tariff rates modestly lower.
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