US stock indices fall amid geopolitical instability. Geopolitical uncertainty weighs on US markets
US stock indices fall amid geopolitical instability. Geopolitical uncertainty weighs on US markets
AUD/USD has found itself in a classic squeeze between the Reserve Bank of Australia's hawkish stance and a strengthening US dollar. The RBA keeps the option of a May rate hike open, especially if the Iran conflict continues.
EUR/USD bears are not rushing an attack, but they are confident
USD/JPY: Tips for Beginner Traders on March 31st (US Session)
GBP/USD: Tips for Beginner Traders on March 31st (US Session)
EUR/USD: Tips for Beginner Traders on March 31st (US Session)
Consumer inflation in the Eurozone rose in March but came in below expectations. Market expectations for an ECB rate hike remain in place, while price pressures significantly exceed the bank's 2% target.
Level and Target Adjustments for the U.S. Session – March 31st
A moderate pullback of the US dollar from its year-to-date high has been a key factor supporting the pair. Geopolitical uncertainty and the Fed's tight policy stance are expected to limit dollar losses and cap gains in spot prices.
The USD/JPY pair has paused its decline, and the Japanese yen has halted its previous day's gains following weaker consumer inflation data from Tokyo.