EUR/USD held firm near $1.0824 after its best quarterly performance since 2022, supported by optimism around Germany’s fiscal reforms but capped by uncertainty over Trump’s upcoming tariff plans.
The Japanese yen hovered near 149.8 despite strong jobs data, as weaker business sentiment and looming U.S. tariffs kept pressure on Japan’s outlook. Gold surged to a record $3,140, its strongest quarter since 1986.
| Time | Cur. | Event | Forecast | Previous |
| 09:00 | EUR | CPI (YoY) (Mar) | 2.2% | 2.3% |
| 13:45 | USD | S&P Global Manufacturing PMI (Mar) | 49.8 | 52.7 |
| 14:00 | USD | ISM Manufacturing PMI (Mar) | 49.6 | 50.3 |
| 14:00 | USD | ISM Manufacturing Prices (Mar) | 64.9 | 62.4 |
| 14:00 | USD | JOLTS Job Openings (Feb) | 7.730M | 7.740M |
EUR/USD traded around $1.0824 on Tuesday, holding firm after a strong Q1 performance with a 4.5% gain, its best since late 2022, mainly driven by optimism over Germany’s fiscal reforms. However, lingering concerns about President Trump’s tariff plans have kept investors cautious. The U.S. dollar softened slightly, with the DXY dipping to 104.09, offering the euro some support. Still, upcoming U.S. data, including job reports and Fed speeches, could influence sentiment. A sharp shift in dollar strength or tariff developments may pressure EUR/USD.
Key resistance is at 1.0860, followed by 1.0950 and 1.1000. Support lies at 1.0730, then 1.0660 and 1.0600.
| R1: 1.0860 | S1: 1.0730 |
| R2: 1.0950 | S2: 1.0660 |
| R3: 1.1000 | S3: 1.0600 |
The Japanese yen hovered near 149.8 per dollar as markets weighed mixed domestic signals. Japan’s unemployment rate fell to 2.4% in February, beating expectations, but business sentiment in Q1 weakened, reflecting growing concerns about the U.S. tariff impact on Japan’s export-heavy economy. The outlook for further BoJ rate hikes remains uncertain, especially with President Trump’s reciprocal and auto tariffs expected this week. Investors are now closely watching for more clarity on Japan’s monetary stance.
Key resistance is at 151.70, with further levels at 152.70 and 154.00. Support stands at 147.00, followed by 145.80 and 143.00.
| R1: 151.70 | S1: 147.00 |
| R2: 152.70 | S2: 145.80 |
| R3: 154.00 | S3: 143.00 |
Gold jumped to a record high of $3,140 because of U.S. tariff announcements. Trump’s new tariffs, set to begin Wednesday, are expected to target a wider range of countries and be followed by separate auto tariffs on Thursday. Gold also posted its strongest quarter since 1986, supported by rate cut speculation, central bank buying, and ETF inflows. Investors now look to this week’s U.S. labor market data for clues on the Fed’s next move.
Key resistance is at $3,150, followed by $3,200 and $3,250. Support stands at $3,085, then $3,055 and $3000.
| R1: 3150 | S1: 3085 |
| R2: 3200 | S2: 3055 |
| R3: 3250 | S3: 3000 |
GBP/USD traded near $1.2927 on Tuesday, maintaining stability as markets assessed the tone of recent trade talks between PM Keir Starmer and President Trump. The pair was supported by optimism around the UK’s economic resilience, though looming U.S. tariff announcements and global risk-off sentiment may limit upside. Attention now turns to U.S. data and Fed commentary later this week, which could influence short-term movements in the pair.
If GBP/USD breaks above 1.3050, resistance levels are at 1.3100 and 1.3150. Support is at 1.2860, followed by 1.2800 and 1.2715.
| R1: 1.3050 | S1: 1.2860 |
| R2: 1.3100 | S2: 1.2800 |
| R3: 1.3150 | S3: 1.2715 |
Silver edged up to $34.09 an ounce during Tuesday’s session, supported by ongoing safe-haven flows as markets brace for economic fallout from Trump’s reciprocal tariff announcement. Concerns over inflation and slowing global growth have boosted silver’s appeal, both as an industrial metal and a defensive asset. Supply-side worries and macro uncertainty also support prices. However, this week’s U.S. labor data, particularly ADP and non-farm payrolls, could shift Fed expectations and test silver’s momentum.
If silver breaks above $34.85, resistance levels are at $35.40 and $36.00. Support stands at $33.80, followed by $32.50 and $32.15.
| R1: 34.85 | S1: 33.80 |
| R2: 35.40 | S2: 32.50 |
| R3: 36.00 | S3: 32.15 |
Strong USD and Surging Oil Amid Tensions (16–20 March)Global markets faced significant upward pressure on yields and energy prices this week as the conflict in the Middle East entered its third week. The US Dollar Index surged above 100.3, its highest since May 2025, fueled by safe-haven flows and Defense Secretary Pete Hegseth's announcement of the largest planned strike wave against Iran to date. Brent crude breached the $105 threshold following strikes on Kharg Island and warnings that 90% of Iran’s export facilities could be targeted.
Detail Markets Brace for Central Bank Week (03.16.2026)Global markets remain dominated by geopolitical tensions and energy risks as the conflict in the Middle East continues to shape investor sentiment.
Global markets remained dominated by dollar strength as geopolitical tensions and rising energy prices reshaped monetary expectations.
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