Daily Forex Analysis

Markets turned risk-averse on Friday after Israel launched strikes on Iranian targets, escalating Middle East tensions. The US Dollar and Yen gained as safe-haven demand increased, while gold surged above $3,440. EUR/USD and GBP/USD retreated, pressured by the stronger dollar and geopolitical fears. 

The euro approached a three-year high on diverging policy paths between the ECB and Fed, while the Japanese yen gained ground with renewed U.S. tariff threats.

Markets paused on Wednesday as traders reacted to improving U.S.-China trade sentiment, cautious central bank tones, and anticipation of upcoming inflation data.

Markets moved cautiously on Tuesday as renewed optimism around US-China trade talks and stable macro data shaped sentiment across major assets.

Markets kicked off the week on cautious footing as investors await key U.S.–China trade negotiations in London. The dollar held firm after a solid U.S. jobs report, while the euro and yen reacted to central bank commentary and revised data. 

On June 6, global markets were mixed as investors awaited the U.S. nonfarm payrolls report and kept a close eye on geopolitical tensions.

Markets remained cautious on Thursday as investors awaited the ECB's expected rate cut and Friday's key U.S. jobs data. 

On Wednesday, markets responded to a mix of weak economic data, rising geopolitical risks, and shifting central bank expectations.