EUR/USD slipped to 1.1747 after the Fed’s 25-bps cut, while USD/JPY held near 148. Fed officials signaled a gradual, data-dependent approach to easing.
Gold traded around $3,685, supported by the Fed’s move and Powell’s “risk management” message, reinforcing its safe-haven role.
US tech stocks extended gains, with the Tech 100 Index at 24,654, up 0.7% daily and 24% yearly. Forecasts point to a mild correction as profit-taking and valuations weigh on further upside.
| Time | Cur. | Event | Forecast | Previous |
| 13:45 | USD | FOMC Member Williams Speaks | - | - |
The EUR/USD pair stayed under pressure for a fourth session, trading near 1.1730 in early European hours on Monday. The US Dollar strengthened after last week’s Fed cut, seen as a cautious move to support a softening labor market. Chair Jerome Powell signaled no rush for further easing, striking a less dovish tone than expected, which lifted the Greenback and weighed on the Euro. Traders now look to Eurozone Consumer Confidence and upcoming Fed remarks, while concerns about Fed independence could limit USD gains.
Resistance is at 1.1780, with key support at 1.1700.
| R1: 1.1780 | S1: 1.1700 |
| R2: 1.1850 | S2: 1.1640 |
| R3: 1.1920 | S3: 1.1590 |
The Japanese yen fell to a two-week low against the dollar on Monday, weighed by uncertainty over the Bank of Japan’s policy outlook. Political instability and US tariff concerns may delay BoJ hikes, while a stronger USD and improved risk sentiment added pressure. Still, the BoJ is expected to continue gradual normalization, contrasting with the Fed’s dovish stance of two more cuts this year. This divergence could eventually support the yen and limit USD upside. Traders now await remarks from Fed officials for direction.
Resistance is at 148.50, while support holds at 146.00.
| R1: 148.50 | S1: 146.00 |
| R2: 150.90 | S2: 145.80 |
| R3: 154.50 | S3: 144.00 |
Gold (XAU/USD) remains range-bound below $3,700 on Monday, struggling to build on Friday’s gains. A stronger US Dollar, rebounding from 2022 lows after the Fed’s cautious rate cut, continues to pressure gold. Upbeat equity markets also weigh on safe-haven demand. Still, gold trades near record highs, supported by expectations of two more Fed cuts this year. Geopolitical tensions and trade uncertainties add to the bullish backdrop, keeping the overall trend upward despite short-term headwinds.
Gold is currently facing resistance around $3,707, with strong support near $3,650.
| R1: 3707 | S1: 3650 |
| R2: 3730 | S2: 3590 |
| R3: 3760 | S3: 3550 |
GBP/USD stayed under pressure in Monday’s Asian session, extending losses for a fourth consecutive day and trading near 1.3460. The pair is edging toward a breakdown below its ascending channel, signaling strengthening bearish momentum.
The first resistance is seen at 1.3640, with nearby support beginning at 1.3420.
| R1: 1.3640 | S1: 1.3420 |
| R2: 1.3730 | S2: 1.3380 |
| R3: 1.3780 | S3: 1.3300 |
Silver (XAG/USD) extended Friday’s breakout, hitting $43.25, its strongest level since September 2011, during Monday’s Asian session. Up 0.35% on the day, the metal is testing the top of an ascending channel that began in April, reinforcing the uptrend and potential for further gains. Still, slightly overbought RSI signals a short-term pullback or consolidation before the next bullish leg.
The first resistance is at $43.75, and support holds at $42.80.
| R1: 43.75 | S1: 42.80 |
| R2: 44.10 | S2: 42.00 |
| R3: 46.00 | S3: 40.25 |
China’s Uneven Economic ResilienceChina’s economy began the year with a stronger performance than anticipated, primarily fueled by a strong export sector that helped mitigate stagnant domestic consumption. While headline growth suggests a degree of stability, the recovery's internal structure is notably unbalanced. Also, intensifying geopolitical tensions, specifically the energy disruptions tied to the Iran conflict, threaten to dampen the global outlook and undermine China’s economic momentum.
Detail Optimism Supports Markets (04.16.2026)Markets remained supported as optimism around a potential US–Iran agreement kept risk sentiment elevated.
Markets Balance Between Relief and RiskGlobal markets have begun pricing in a more moderate geopolitical outlook, yet the underlying situation remains unsettled. Diplomatic overtures between the United States and Iran have shown a sense of guarded relief following weeks of heightened anxiety regarding energy flows and critical shipping lanes. Interestingly, the failure of disruptions in the Strait of Hormuz to ignite a total energy crisis has challenged traditional market expectations.
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