EUR/USD trims gains, slips back below 1.1600
EUR/USD now losses some momentum and recedes toward the sub-1.1600 region ahead of the closing bell on Wall Street on Wednesday. The pair’s rebound comes amid a softer US Dollar as improving risk sentiment, driven by growing optimism around a potential de-escalation in the Middle East, dominates market flows, all ahead of President Trump’s speech later in the Asian trading hours.
GBP/USD faces some selling pressure, retests 1.3300
GBP/USD comes under some fresh downside pressure at the latter part of the NA session on Wednesday, retreating toward the 1.3300 neighbourhood although keeping its bullish bias well in place. Cable’s uptick appears propped up by the widespread improvement in risk appetite, as demand shifts away from the safe-haven US Dollar following signals from President Trump that the Middle East conflict could be nearing an end.
Gold: Upside remains limited by $4,800, focus shifts to Trump
Gold stays well supported on Wednesday, holding comfortably above the $4,700 mark per troy ounce and extending its rally into a fourth consecutive session. The steady upside reflects renewed softness in the US Dollar, a mixed picture across US Treasury yields, and a broader improvement in risk sentiment.
Crypto Today: Bitcoin, Ethereum, XRP sustain mild gains despite extreme fear
The cryptocurrency market remains on edge on Wednesday despite minor price increases across the board amid significantly depressed sentiment driven by the Iran war.
DEEPER DIVE
Should US interest rates be even higher? This rule says yes Premium
A simple rule suggests US interest rates should be higher than they are today. Yet the Federal Reserve is standing still. That gap between theory and reality is becoming one of the more interesting tensions in global markets and one that could shape the next move in the US Dollar.
Can the RBI save the Indian Rupee? It’s complicated Premium
The Reserve Bank of India has intervened decisively to cushion the Indian Rupee’s decline to successive record lows. It is a bold move, reflecting the central bank's urgency to curb bets against Asia’s worst-performing currency this year. But will it work?
Central banks feel guilty. Will they turn too hawkish this time? Premium
It is clear that central banks will need to respond to the current spike in energy prices. How they respond will be decisive in determining whether the global economy enters a recession or avoids one.
CRYPTOCURRENCIES
Bitcoin set for Easter holiday lull amid rising bearish positioning
Bitcoin traders may experience subdued market activity as the Easter holiday compresses liquidity across global financial markets, K33 Head of Research Vetle Lunde stated in a Tuesday report.
Dogecoin Price Forecast: DOGE eyes breakout as trendline test coincides with Qubic mainnet launch
Dogecoin is approaching the descending trendline, trading at $0.092 on Tuesday, which could determine DOGE’s next directional move. A confirmed breakout could suggest an upside move, as optimism builds around Qubic’s DOGE mining mainnet launch scheduled for Wednesday.
Crypto Market Overview: Bitcoin ends 5-month losing streak while US seeks Iran exit plan
Bitcoin hovers slightly below $68,000 after a 2% gain in March, ending the streak of five consecutive bearish months. The US President Donald Trump foresees the Iran war ending in two or three weeks. In the meantime, Algorand, Stable, and Midnight are leading gains over the last 24 hours.
STOCKS
The Iran war has all but killed the bull case for stocks Premium
US stocks are rallying once again on Tuesday after the Wall Street Journal reported that US President Donald Trump has been telling aides that he might exit the conflict without attempting to "reopen" the Strait of Hormuz to US allies.
Nasdaq 100 rebound looks strong… or is it just a trap?
The Nasdaq 100 spent the past few sessions recovering strongly from its November lows, rebounding from 24,307 and climbing back into the 25,100–25,150 mid-range zone. While the candles look convincing, the broader picture reveals a different story: the index remains trapped inside a 4H range structure.
WEEKLY FORECAST
EUR/USD: War headlines and US employment to set the tone Premium
The EUR/USD pair ends the week around 1.1530, barely below its opening but off the peak at 1.1640. Widespread optimism on Monday was diluted as days went by, and financial markets moved once again on war-related headlines.
Gold: Middle East uncertainty doesn’t allow Gold to recover Premium
Gold (XAU/USD) fell sharply to near the $4,100 mark but managed to reverse its direction as markets grew hopeful for a truce in the Middle East.
GBP/USD: Pound Sterling remains vulnerable amid Mideast crisis Premium
The Pound Sterling (GBP) showed some resilience against the US Dollar (USD), holding gains from the previous week’s recovery, when the Bank of England (BoE) opted for a hawkish hold.
Bitcoin: The uncertainty from war (finally) weighs
Bitcoin (BTC) slips below $69,000 as of writing on Friday, nearly wiping out its recovery from earlier this week.
US Dollar: Holding firm as inflation risks return Premium
The US Dollar (USD) has regained its shine this week, allowing the favourable macro picture to remain unchanged.
Week ahead – US jobs report eyed as Iran war wipes out Fed rate cut bets
Middle East conflict to remain primary driver amid peace efforts. US payrolls report in focus as Fed rate cut hopes fade. Other US data, including ISM PMIs, to shed further light on US economy.
EDUCATION
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The operation of RedotPay secures ISO/IEC 27001 certification
RedotPay, a global stablecoin-based payment fintech, announced it has successfully secured ISO/IEC 27001 certification for its Information Security Management System (“ISMS”) backbone infrastructure operation.