Daily Global Analysis By zForex

[Z Forex]

Daily Analysis By zForex Research Team - 04.21.2025​

Dollar's Dip Impacts Currencies and Gold​

The financial markets experienced significant fluctuations, driven by a weakening U.S. dollar and escalating trade tensions.

The EUR/USD climbed with concerns over the Federal Reserve's independence, while the Japanese yen strengthened as the dollar weakened. Gold prices surged to a new all-time high, fueled by trade fears and a low-yield environment. The British pound extended its winning streak, supported by the dollar's slide, and silver prices hovered.

EUR/USD Analysis By zForex Research Team - 04.21.2025​

EUR/USD Surges to 1.1470 on Dollar's Three-Year Low​

EUR/USD opened the week with strong momentum, climbing to around 1.1470 on Monday morning. This surge came as the U.S. dollar index dropped to a fresh three-year low near 98.6, pressured by rising concerns about the Federal Reserve’s independence. Market anxiety intensified following renewed criticism from President Donald Trump, who stated last week that the removal of Fed Chair Jerome Powell "cannot come fast enough," calling for deeper rate cuts. These remarks added to ongoing market unease already fueled by trade tensions and policy uncertainty under the Trump administration.

Key resistance levels are seen at 1.1530, 1.1600, and 1.1680, while support is located at 1.1400, 1.1260, and 1.1180.

Gold Analysis By zForex Research Team - 04.21.2025​

XAU/USD Driven by ECB Rate Cut​

Gold prices surged more than 1% on Monday, reaching a new all-time high above $3,370 per ounce. The rally was driven by intensifying global trade tensions and a weakening U.S. dollar, which has fallen to its lowest level in three years. The dollar’s decline has made gold more attractive to non-dollar investors.

The latest catalyst came from President Trump’s order for a probe into possible new tariffs on all U.S. critical mineral imports, sparking further trade fears, especially with China. The ECB’s recent rate cut also strengthened gold’s appeal in a low-yield environment. Sentiment was further shaken after White House adviser Kevin Hassett confirmed that the administration is still reviewing Powell’s position, deepening concerns about the Fed’s autonomy.

Key resistance is at $3400, followed by $3,450 and $3,500. Support stands at $3356, then $3310, and $3250.

 

[Z Forex]

Daily Analysis By zForex Research Team - 04.22.2025​

The dollar weakened further on Tuesday as concerns over the Fed’s independence and mounting U.S.-China trade tensions rattled investors.
EUR/USD remained firm above 1.15, while the Japanese yen surged to seven-month highs and gold hit a record above $3,460 on safe-haven flows. The British pound extended gains despite softer inflation data, and silver rebounded toward $33 amid geopolitical risks. Markets now await central bank commentary and trade policy clarity amid rising political noise.

EUR/USD Analysis By zForex Research Team - 04.22.2025​

EUR/USD Holds Firm as U.S. Policy Uncertainty Grows​

EUR/USD traded around 1.1530 on Tuesday, while the dollar index remained around 98.4, weighed down by concerns about the Federal Reserve’s independence and escalating trade tensions. President Trump called for swift rate cuts and suggested removing Fed Chair Jerome Powell, fueling worries over political influence on monetary policy. The sentiment was further impacted by stalled US-China negotiations and China’s warnings to countries aligning with Washington.

Key resistance is at 1.1550, followed by 1.1600 and 1.1680. Support lies at 1.1400, then 1.1260 and 1.1180.

GBP/USD Analysis By zForex Research Team - 04.22.2025​

UK Inflation Eases, But Pound Strengthens​

The British Pound rose above $1.34 on Tuesday, its highest level in seven months, supported by broad dollar weakness. This gain came despite UK inflation softening more than expected, with headline CPI at 2.6% and services inflation down to 4.7%. Easing price pressures led markets to raise expectations for Bank of England rate cuts, now pricing in 86 basis points of easing by year-end, with a fourth cut increasingly likely.

If GBP/USD breaks above 1.3430, resistance levels are at 1.3500 and 1.3550. Support is at 1.3300, followed by 1.3200 and 1.3050.

 

[Z Forex]

Daily Analysis By zForex Research Team - 04.23.2025​

Markets Stabilize as Trump Calms Fed Concerns​

Global markets stabilized on Wednesday after President Trump confirmed he would not remove Fed Chair Powell, easing fears over central bank independence.

The dollar firmed slightly on improved sentiment, pushing EUR/USD back toward 1.1400 and weighing on gold and silver. The yen held steady near 142, and the British pound dipped from recent highs as traders awaited key PMI data from the UK, Eurozone, and U.S. Gold slipped further from its all-time high, while silver eased on risk-on flows and softer trade rhetoric.

EUR/USD Analysis By zForex Research Team - 04.23.2025​

Euro Pauses Near 1.1400 as Trade Tensions Ease​

The euro is trading near 1.1400, easing after President Trump confirmed he does not plan to remove Fed Chair Powell. The currency also faced pressure from reduced trade war tensions, which supported the U.S. Dollar Index. Markets now await key PMI data from major Eurozone economies and the bloc overall.

Key resistance is at 1.1460, followed by 1.1580 and 1.1680. Support lies at 1.1260, then 1.1200 and 1.1150.

USD/JPY Analysis By zForex Research Team - 04.23.2025​

Yen Holds Ground as Dollar Strength Eases​

The Japanese yen hovered around 142 per dollar on Wednesday, after falling over 1% the day before. The decline followed a stronger U.S. dollar, driven by easing U.S.-China trade tensions and reduced concerns about Fed independence. Treasury Secretary Scott Bessent called the tariff conflict “unsustainable,” raising hopes for a resolution, though he noted talks would be slow. President Trump added confidence by saying he won’t replace Fed Chair Powell. In Japan, April data showed a return to private sector growth, led by services, rebounding from a March contraction.

Key resistance is at 142.50, with further levels at 144.00 and 145.90. Support stands at 139.70, followed by 137.00 and 135.00.

Daily Analysis By zForex Research Team - 04.24.2025​

Markets Keep Steady During Fed Reassures, Tariff Fears​

The euro held near $1.1350 on Thursday as concerns over Fed independence eased but skepticism toward the U.S. dollar lingered.

The yen gained on renewed U.S.-China trade friction, while gold rebounded toward $3,360 as negotiations stalled. Silver surged above $33.50, supported by both safe-haven demand and industrial optimism. The British pound remained resilient near $1.3280 as Trump’s support for Powell helped stabilize investor sentiment. Traders now await further signals from ongoing global tariff discussions and upcoming economic releases.

GBP/USD Analysis By zForex Research Team - 04.24.2025​

Pound Resilient Amid Easing Policy Jitters​

The British pound held firm at around 1.3280 on Thursday morning, maintaining levels seen in the previous session. Support came after comments from U.S. President Donald Trump helped calm markets, especially his confirmation that there are no intentions to dismiss Federal Reserve Chair Jerome Powell. The statement was welcomed by investors, reinforcing confidence in the Fed’s independence and the broader stability of U.S. monetary policy.

If GBP/USD breaks above 1.3430, resistance levels are at 1.3500 and 1.3550. Support is at 1.3200, followed by 1.3050 and 1.2960.

Gold Analysis By zForex Research Team - 04.24.2025​

Gold Climbs as US-China Tariff Talks Stall​

Gold edged closer to $3,360 on Thursday, rebounding after a two-day decline as US-China trade uncertainty continued to support safe-haven demand. Treasury Secretary Bessent noted that tariff relief is needed for talks to advance, although President Trump ruled out unilateral cuts. Meanwhile, proposed exemptions for automakers helped ease market concerns. Gold remains up over 30% year-to-date, with the gold-to-silver ratio near its highest level since 1994, excluding the pandemic period.

Key resistance is at $3410, followed by $3,500 and $3,600. Support stands at $3315, then $3290 and $3250.

 

[Z Forex]

Daily Analysis By zForex Research Team - 04.25.2025​

Markets Steady as Trump Eases Trade and Fed Concerns​

The U.S. dollar rebounded on Friday as President Trump reassured markets that U.S.-China trade talks continue and clarified his support for Fed Chair Powell.

EUR/USD traded near 1.1350, while the yen weakened to around 143 per dollar amid easing global tensions. Gold held near $3,330 as cautious sentiment persisted, while silver hovered around $33.50. The British pound stayed flat, with upcoming economic releases likely to guide next week’s direction.

EUR/USD Analysis By zForex Research Team - 04.25.2025​

Trump Reassures on Trade and Fed​

The EUR/USD traded near 1.1350 on Friday, while the US Dollar Index rose above 99.5, recovering from earlier losses. The dollar strengthened after President Trump reassured markets that trade talks with China would continue, despite Beijing’s denials. Optimism also grew on reported progress with Japan and South Korea. Earlier, Treasury Secretary Bessent said US-China tariffs must be reduced significantly for real progress, increasing hopes for a deal. Trump also eased monetary policy concerns by stating he never planned to remove Fed Chair Powell. Although Cleveland Fed President Beth Hammack mentioned a rate cut in June if needed, renewed trade optimism lifted the dollar.
Key resistance is at 1.1460, followed by 1.1580 and 1.1680. Support lies at 1.1260, then 1.1200 and 1.1150.

Silver Analysis By zForex Research Team - 04.25.2025​

Silver Holds Ground on Mixed Trade Signals​

Silver is trading around $33.50 on Friday morning, continuing to show greater sensitivity to macroeconomic shifts and trade news due to its dual role as both a precious and industrial metal. Recent price movements were shaped by mixed signals in U.S.-China trade relations. Although the Trump administration reportedly considered tariff reductions, Treasury Secretary Scott Bessent clarified that no formal proposals have been made and negotiations have not yet begun.

Technically, silver faces initial resistance at $33.80, with further levels at $34.20 and $34.85 if the upward move continues. On the downside, immediate support is seen at $33.15, followed by $31.40 and $30.20 if further weakness occurs.

 

[Z Forex]

Daily Analysis By zForex Research Team - 04.28.2025​

Dollar Pressures Currencies, GBP Holds Steady​

EUR/USD slipped near 1.1360 as dollar strength and expectations of a dovish ECB weighed on the euro. The Japanese yen neared 144 against the dollar, pressured by improving global trade sentiment and ahead of renewed U.S.-Japan trade talks.

Gold dropped below $3,300 per ounce, losing ground as easing U.S.-China tensions and a stronger dollar reduced safe-haven demand. GBP/USD hovered around 1.3300, supported by strong UK retail sales and hopes for a U.K.-U.S. trade deal, while silver fell to $32.80, pressured by improved risk sentiment and a firm dollar as traders awaited key U.S. economic data later this week.

EUR/USD Analysis By zForex Research Team - 04.28.2025​

EUR/USD Falls on ECB Dovishness​

EUR/USD traded lower near 1.1360 on Monday, pressured by a stronger U.S. dollar following easing U.S.-China trade tensions. Optimism grew after China reduced some tariffs and U.S. officials mentioned ongoing talks, although Beijing denied any formal negotiations. Meanwhile, expectations for a dovish ECB strengthened as Eurozone inflation is expected to stay below the 2% target.

Key resistance levels are at 1.1460, 1.1580, and 1.1680, while support lies at 1.1260, 1.1200, and 1.1150.

Yen Analysis By zForex Research Team - 04.28.2025​

Yen Nears 144 as U.S.-Japan Talks Continue​

The Japanese yen weakened toward 144 per dollar on Monday, extending last week’s slide as global trade sentiment improved and the dollar firmed. Markets reacted to a private meeting between Japan’s Finance Minister Kato and U.S. Treasury Secretary Bessent, where both sides emphasized ongoing dialogue on currency issues. Meanwhile, Japan’s trade negotiator heads to Washington this week, while the Bank of Japan is expected to keep rates steady at 0.5% with concerns about the economic effects of U.S. tariffs.

Key resistance is at 144.00, with further levels at 145.90 and 146.75. Support stands at 139.70, followed by 137.00 and 135.00.

 

[Z Forex]

Daily Analysis By zForex Research Team - 04.29.2025​

The euro slipped to 1.1415 as ECB rate cut bets strengthened, while the pound fell on growing BoE easing expectations.

The yen edged toward 144 ahead of the BoJ meeting, and gold retreated below $3,330 amid easing trade tensions and a firmer dollar. Silver softened to $33.00 as optimism grew around U.S.-China tariff negotiations. All eyes are now on key U.S. economic data, including Q1 GDP, PCE inflation, and nonfarm payrolls, for clues on Fed policy direction.

Gold Analysis By zForex Research Team - 04.29.2025​

Gold Retreats as Investors Eye Key Economic Data​

Gold fell below $3,330 per ounce on Tuesday as investors monitored tariff talks and awaited key economic data. Treasury Secretary Scott Bessent said many top U.S. trading partners made "very good" tariff proposals and noted China’s tariff exemptions signal de-escalation efforts. He stressed it is now up to China to act. A modest rebound in the U.S. dollar also pressured gold. Markets are focused on upcoming reports, including Q1 GDP, March PCE inflation, and April nonfarm payrolls, for clues on the economy and Fed policy.

Key resistance is at $3365, followed by $3,405 and $3,500. Support stands at $3250, then $3165 and $3050.

GBP/USD Analysis By zForex Research Team - 04.29.2025​

Pound Pressured by BOE Cut Expectations​

GBP/USD dipped to approximately 1.3425 during early Asian trading on Tuesday, as a slight rebound in the U.S. dollar put pressure on the pair. The dollar was supported by easing U.S.-China trade tensions, following China’s decision to exempt certain U.S. imports from tariffs, despite its denial of ongoing negotiations.

Meanwhile, expectations of a 25 basis point rate cut by the Bank of England in May continue to weigh on the pound. Markets are now focused on an upcoming speech by BoE Deputy Governor Dave Ramsden, with any dovish remarks likely to add further downside pressure on the GBP.

If GBP/USD breaks above 1.3430, resistance levels are at 1.3500 and 1.3550. Support is at 1.3200, followed by 1.3050 and 1.2960.