TRENDING:

GBP/USD

XAU/USD

Forex Today: Caution kept majors ranging

FXStreet Team FXStreet

Here is what you need to know on Tuesday, March 31st:

The American dollar posted a modest intraday advance against major rivals, although ended the day with uneven strength, and far from recovering its bullish tone. The EUR/USD pair neared the 1.1000 figure but finished the day close to 1.1050.
GBP/USD spent the day consolidating around 1.2400 with the Pound refusing to give up.
The Japanese yen appreciated although it lost some ground ahead of the close, as Wall Street closed in the green. US Treasury yields remained depressed, near record lows.
Gold prices consolidated,
Crude oil prices remained under selling pressure and reached fresh multi-year lows. WTI traded as low as $19.00 a barrel, recovering modestly ahead of the US close. US President Trump and his Russian counterpart Putin discussed the oil market situation and agreed to hold talks at ministerial levels.
Overall, sentiment remained sour amid the coronavirus crisis. The number of cases keeps rising, with those in the US at around 157,000. In Italy and Spain, the number of cases has surpassed those reported by China, while the global death toll approaches 37,000. Chances of a quick economic comeback dilute.
Crypto Today: Bitcoin sees big retest of bearish flag structure

Author

FXStreet Team

FXStreet

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

Editor's Picks

EUR/USD posts modest gains near 1.1650 amid Fed rate cut bets

The EUR/USD pair posts modest gains around 1.1645 during the early Asian session on Monday. The prospect of a US Federal Reserve rate cut at its December meeting on Wednesday could weigh on the US Dollar against the Euro. Later on Monday, the German Industrial Production and Eurozone Sentix Investor Confidence reports will be published.

GBP/USD consolidates around 1.3330 as traders await Fed rate decision

The GBP/USD pair kicks off the new week on a subdued note and oscillates in a narrow trading band, around the 1.3320-1.3325 region, during the Asian session. Spot prices, however, remain close to the highest level since October 22, touched last Thursday, with bulls awaiting a sustained strength and acceptance above the 100-day Simple Moving Average before placing fresh bets.

Gold drifts higher above $4,200 on Fed rate cut expectations

Gold price trades in positive territory near $4,205 during the early Asian session on Monday. The precious metal edges higher as markets widely expect the Federal Reserve to cut interest rates at its December meeting on Wednesday.

Top Crypto Losers: Monero extends losses below $370 as Aster and Bonk risk record lows

Altcoins, including Monero, Aster, and Bonk, are at risk of extending their losses as the broader cryptocurrency market stalls amid the dragging peace talks between Ukraine and Russia.

The Silver disconnection is real

Silver just hit a new all-time high. Neither did gold, nor mining stocks. They all reversed on an intraday basis, but silver’s move to new highs makes it still bullish overall, while the almost complete reversals in gold and miners make the latter technically bearish.

Ripple faces persistent bear risks, shrugging off ETF inflows

Ripple is extending its decline for the second consecutive day, trading at $2.06 at the time of writing on Friday. Sentiment surrounding the cross-border remittance token continues to lag despite steady inflows into XRP spot ETFs.

Legal Text

Markets move fast. We move first.

Editor's Picks

Best Brokers in 2025