Daily Global Market Update – 7th March, 2025

Financial markets are displaying notable movements across currency pairs, precious metals, and indices, with investors keenly awaiting the release of the US Nonfarm Payrolls (NFP) report later today. Here’s a breakdown of the key developments shaping the market landscape:

Moneta Markets | hace 2

NZD/USD: Testing Key Support LevelsThe New Zealand Dollar (NZD) against the US Dollar (USD) is under scrutiny as it approaches a critical support level near 0.5700, aligning closely with its 50-day Exponential Moving Average (EMA). Analysts suggest that this level could act as a pivotal point for the “Kiwi,” with a potential retest signaling either a consolidation or a deeper bearish move depending on broader market sentiment and the upcoming US employment data. The pair’s direction remains uncertain, but traders are watching closely for any breakout or reversal cues. Pound Sterling: Resilience Ahead of US DataThe Pound Sterling (GBP) is holding firm against the US Dollar, maintaining its recent gains as markets brace for the US NFP report. This resilience comes despite global uncertainties, including ongoing trade war fears, with GBP/USD buoyed by a softer US Dollar. Investors are optimistic that the employment figures could further influence the pair, potentially reinforcing Sterling’s strength if the data disappoints and weakens the USD further. US Dollar: Retreat ContinuesThe US Dollar is experiencing sustained downward pressure, with the US Dollar Index (DXY) breaking below the 104.00 mark. This decline coincides with falling US Treasury yields, reflecting market anticipation of the NFP data, which could either exacerbate or reverse this trend. A weaker-than-expected jobs report might fuel expectations of a dovish Federal Reserve stance, adding to the USD’s retreat, while a strong report could provide some relief to the beleaguered currency. Gold: Rebounding Amid USD WeaknessGold prices are staging a recovery, climbing from sub-$2,900 levels to hover above this threshold. The rebound is supported by persistent USD selling and heightened concerns over a potential global trade war, which are enhancing gold’s appeal as a safe-haven asset. With the NFP data on the horizon, gold’s trajectory remains sensitive to shifts in US economic indicators and investor risk appetite, though its current momentum suggests bullish sentiment in the near term. Broader Market ContextThe forex market is in a state of cautious flux, with the US Dollar’s ongoing retreat setting the tone for other major currencies and assets. The interplay between falling Treasury yields, trade war anxieties, and the looming NFP release is keeping traders on edge. While the Pound Sterling holds steady and gold gains traction, the NZD/USD pair’s proximity to key technical levels underscores the market’s delicate balance.

Reglamento: FSA (Seychelles), FSCA (South Africa)

ATFX Market Outlook 5th March 2025

U.S. stocks declined on Tuesday, with the Nasdaq nearing correction territory due to President Trump's new tariffs on Canada and Mexico. The Dow fell 1.55%, the S&P 500 dropped 1.22%, and the Nasdaq decreased by 0.35%.

ATFX | hace 4

ATFX Market Outlook 4th March 2025

U.S. stock indices dropped sharply on Monday following Trump's announcement of 25% tariffs on Canada and Mexico, raising trade war fears. The Dow fell 1.48%, the S&P 500 declined 1.76%, and the Nasdaq dropped 2.64%. The dollar index weakened by 0.48% but gained against tariff-affected currencies, with the euro rising to 1.0468 and the yen to 150.23. Gold prices surged over 1% to $2,891.72

ATFX | hace 5

ATFX Market Outlook 3rd March 2025

In January, U.S. consumer spending experienced its first decline in nearly two years, marking the largest drop in almost four years, although overall data met expectations. Despite this, U.S. stocks finished Friday higher, with the Dow Jones up 1.39%, the S&P 500 rising 1.59%, and the Nasdaq increasing by 1.63%.

ATFX | hace 6

ATFX Market Outlook 27th February 2025

U.S. President Donald Trump announced that new tariffs on imports from Mexico and Canada would take effect on April 2, delaying the original deadline and raising hopes for further postponement. U.S. stocks closed mostly flat, with the Dow down 0.43%, while Nvidia's strong quarterly earnings boosted the Nasdaq, which rose 0.26%.

ATFX | hace 10

ATFX Market Outlook 26th February 2025

Investor sentiment remains fragile, with the US Conference Board's consumer confidence index falling to 98.3 in February, marking a third consecutive month of decline. Concerns over President Trump's tariffs on imports from Mexico and Canada contribute to market unease, impacting inflation and consumer spending.

ATFX | hace 11