Daily Global Analysis By zForex

[Z Forex]

Daily Analysis by zForex Research Team - 07.02.2025​

Euro Climbs as Trump and Powell Drive Volatility
Markets stayed cautious midweek as the U.S. dollar continued to weaken due to fiscal worries, political pressure on the Fed, and anticipation ahead of the jobs report.

The euro traded near $1.1790, supported by expectations of Fed rate cuts. The pound rose to $1.3740 on firm signals from the BoE, while gold stayed above $3,330 amid debt concerns. The yen slipped slightly after new trade threats from Trump, and silver held steady around $36 as investors waited for key labor data.

GBP/USD Analysis by zForex Research Team - 07.02.2025​

BoE Hawkish Tone Supports GBP
The British pound rose to $1.374, as the U.S. dollar weakness continued to support sterling. Market sentiment remained cautious before Thursday’s U.S. payrolls report.
Growing concerns over the inflationary impact of Trump’s $3.3 trillion tax-and-spending bill and political pressure on the Fed eased investor confidence in the dollar, allowing GBP/USD to build on recent gains. The pound also benefited from Bank of England Governor Andrew Bailey’s comments suggesting inflation pressures persist and that policy remains restrictive for now, giving GBP/USD relative support against the dollar.
Resistance is seen at 1.3760, while support holds at 1.3620.

Gold Analysis by zForex Research Team - 07.02.2025​

Fed Caution Keeps Gold Elevated
Gold held above $3,330 per ounce with the gains of over 1% from the day before, as a weaker U.S. dollar supported prices. The Senate's approval of Trump’s massive tax-and-spending package, expected to increase national debt by $3.3 trillion, added to these concerns.
Powell stressed a patient stance on rate cuts but didn’t rule out action this month, while Treasury Secretary Scott Bessent predicted cuts by September. Markets are now focused on upcoming U.S. labor data, especially Thursday’s payroll report, for direction on the Fed’s next moves. However, fading geopolitical risks slightly softened the gold demand, as Trump announced a 60-day Gaza ceasefire agreement with Israel and issued a warning to Hamas.
Resistance is at $3,350, while support holds at $3,300.

 

[Z Forex]

Daily Analysis by zForex Research Team - 07.03.2025​

Currencies and Commodities Hold Range
Major currencies and commodities traded cautiously on Thursday as markets awaited crucial US labor data that could shape the Federal Reserve’s next move.

EUR/USD held near 1.1800 after weak ADP employment figures increased bets on rate cuts, while the Japanese yen stabilized around 143.7 amid trade optimism and dollar softness. Gold remained supported at $3,360 on hopes of further trade deals and rising geopolitical risks, and silver extended gains to $36.70, lifted by easing trade tensions.

EUR/USD Analysis by zForex Research Team - 07.03.2025​

EUR/USD Steady Near 1.1800 as Fed Cut Bets Rise
EUR/USD held steady for a second session near 1.1800 in early Thursday trading. The pair could gain momentum as the US dollar weakens on rising expectations of a Fed rate cut after ADP data disappointed.
June’s ADP Employment Change showed a surprise 33,000 drop, its first decline in over two years, well below forecasts of 95,000. May’s figure was also revised down to a 29,000 gain.
Attention now turns to the upcoming US Nonfarm Payrolls, Average Hourly Earnings, ISM Services PMI, and S&P Global US PMI.
Key levels: Resistance at 1.1830; support at 1.1730.

USD/JPY Analysis by zForex Research Team - 07.03.2025​

JPY Steadies, Trade Optimism Counters Dollar Weakness
The Japanese yen held near 143.7 against the dollar on Thursday, stabilizing after recent losses, supported by improved trade sentiment and a weaker greenback.
Japan reiterated its aim for a fair trade deal with the US, though Trump raised pressure by threatening tariffs up to 35% on Japanese imports over low US rice and car sales. Meanwhile, a finalized US-Vietnam deal added to market optimism.
The yen also found support as investors awaited key US jobs data, which could increase the odds of a Fed rate cut.
Key levels: Resistance at 145.70; support at 143.55.

 

[Z Forex]

Daily Analysis by zForex Research Team - 07.04.2025​

Markets Cautious Ahead of Fed Minutes
The EUR/USD hovered near $1.177 on Monday in cautious trade as markets awaited the upcoming Fed minutes for rate cut signals, with uncertainty around U.S. trade policy weighing on sentiment.

The dollar found mild support while gold and silver slipped as improved U.S. trade talks and extended tariff exemptions reduced safe-haven demand. Meanwhile, the yen eased on weaker wage data, and the pound dipped ahead of the U.S. tariff deadline, leaving markets on edge for potential volatility as August approaches.

EUR/USD Analysis by zForex Research Team - 07.04.2025​

EUR/USD Range-Bound Ahead of Fed Minutes
EUR/USD hovered around $1.177 on Monday, staying just under last week’s peak of $1.1830, as cautious sentiment and mixed dollar moves kept the pair within a tight range. Uncertainty over U.S. trade policy and its effects on growth and inflation weighed on the dollar, lending some support to the euro. However, gains were limited as the dollar index rose to 97.071. With a light economic calendar and few Fed speakers ahead, markets are looking to Fed minutes for signals on potential rate cuts, while the ECB maintains its current stance.
Resistance for the pair is at 1.1830, while support is at 1.1730.

Gold Analysis by zForex Research Team - 07.04.2025​

Gold Weakens on U.S. Trade Talks, Fed Cut Odds Fade
Gold slipped below $3,310 per ounce on Monday, a one-week low, as safe-haven demand eased amid progress in U.S. trade talks and extended tariff exemptions. The U.S. is close to finalizing several trade deals, with updated tariff rates expected by July 9 and implementation on August 1, leaving room for continued negotiations. Meanwhile, strong U.S. jobs data reduced the chances of a Fed rate cut in July, with markets now expecting only two cuts this year. Geopolitical tensions persisted as indirect ceasefire talks between Hamas and Israel in Qatar ended without progress.
Resistance is at $3,365, while support holds at $3,300.

 

[Z Forex]

Daily Analysis by zForex Research Team - 08.04.2025​

GBP Recovers as Trump Targets 14 Nations
EUR/USD rose toward 1.1750 on stronger Eurozone retail sales and hopes for a U.S.-EU trade deal to retain a 10% tariff beyond August 1.

The Japanese yen weakened past 146 after Trump confirmed a 25% tariff on Japanese imports, despite Japan’s solid current account surplus. Gold rebounded from $3,297 to near $3,350 on trade war fears, though gains were capped by dollar strength. GBP/USD climbed to 1.3630 as Trump imposed tariffs of 25%–40% on 14 nations, delaying enforcement to August 1.

EUR/USD Analysis by zForex Research Team - 08.04.2025​

EUR/USD at 1.1750 as EU Pushes Trade Deal
EUR/USD trades around 1.1745 in Tuesday’s Asian session, supported by strong Eurozone retail sales for May. The Euro benefits as the EU aims to finalize a preliminary trade deal with the US this week, seeking to maintain a 10% tariff beyond the August 1 deadline while negotiations continue. The proposed agreement would keep the 10% base tariff but exempt sensitive sectors like aviation and alcohol, which helps lift market sentiment toward the Euro.
Eurostat data showed retail sales rose 1.8% year-on-year in May, beating expectations of 1.2% but slowing from April’s 2.7%. Monthly sales fell 0.7%, matching forecasts.
Resistance for the pair is at 1.1830, while support is at 1.1730.

USD/JPY Analysis by zForex Research Team - 08.04.2025​

Yen Falls After Trump's 25% Tariff on Japan
The Japanese yen weakened beyond 146 per dollar on Tuesday, hitting a two-week low after President Trump confirmed a 25% tariff on Japanese imports starting August 1, lower than the earlier 35% threat but still above the standard 10%. Japan’s Prime Minister Ishiba pledged to keep negotiating for a favorable outcome. Although Japan’s May current account surplus came in stronger than expected, disappointing wage growth limited hopes for further Bank of Japan rate hikes, adding pressure on the yen.
Key resistance is at 146.20; major support at 144.85.