Streetbeat News

Forex Markets

FXA

The AUD/JPY currency pair is experiencing downward pressure, trading near 94.30 with mixed technical signals. While some indicators remain neutral, moving averages and selling pressure suggest a bearish short-term outlook. Key support levels are around 94.00-93.88, with resistance near 94.40-94.45.

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March 29, 2025 | 6:00 pm

ETHUSD

Ethereum (ETH) has experienced a 1.40% price decline in the last 24 hours, with current trading at $1,855. Technical analysis suggests potential support at $1,833, but warns of possible further downside if key support levels are breached, potentially testing zones around $1,600-$1,700.

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March 29, 2025 | 3:00 pm

BTCUSD

The cryptocurrency market experienced a significant downturn, with Bitcoin dropping 3% and major altcoins falling 4-5%. The decline is attributed to broader macro concerns, including anticipated Trump reciprocal tariffs, hotter-than-expected PCE data, and low consumer confidence. Over $300 million in long positions were liquidated on centralized exchanges, signaling investor risk aversion.

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March 29, 2025 | 2:00 pm

BCS

Mitul Kotecha from Barclays highlighted that the US dollar's current pricing does not comprehensively account for potential tariff implications. The analyst points to ongoing uncertainty surrounding US tariff policies, indicating that currency markets have not yet fully integrated these potential trade policy risks into dollar valuations.

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March 28, 2025 | 5:45 pm

FXE

FXY

UUP

The U.S. Dollar Index retreated following a lower-than-expected Michigan Consumer Sentiment report, which dropped from 64.7 to 57.0 in March. This decline has implications for various currency pairs, with potential technical movements across EUR/USD, GBP/USD, USD/CAD, and USD/JPY.

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March 28, 2025 | 5:30 pm

DOGE-USD

Dogecoin (DOGE) experienced a 6.15% price drop in 24 hours, with over 649 million DOGE (worth $116.6 million) transferred to Binance. The cryptocurrency is currently trading at $0.1798, testing support levels between $0.1760 and $0.1870. Despite the bearish signals, the Dogecoin community remains optimistic about a potential price rebound.

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March 28, 2025 | 4:15 pm

FXE

The GBP/USD exchange rate remains steady around 1.2950 following the release of US Core PCE inflation data at 2.8%, which reinforces Federal Reserve's inflation concerns. UK economic data showed resilience with retail sales beating forecasts and Q4 2024 growth at 0.1%. Traders are now focusing on upcoming US economic indicators and potential trade war escalation due to Trump's car tariffs.

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March 28, 2025 | 4:00 pm

UUP

The EUR/USD currency pair is demonstrating potential bullish signals on the daily chart, rebounding above 1.08 despite mixed US economic indicators. Technical analysis suggests a possible trend reversal, with momentum indicators and moving averages pointing towards a positive direction.

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March 28, 2025 | 4:00 pm

UUP

The GBP/USD exchange rate remains steady around 1.2950, influenced by the latest US Personal Consumption Expenditure (PCE) inflation data and ongoing trade uncertainty following Trump's car tariffs. Traders are closely monitoring economic indicators and potential geopolitical developments.

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March 28, 2025 | 4:00 pm

FXE

The GBP/USD experienced significant volatility in Q1 2025, starting at 1.2500, dropping to 1.2100 in January, and surging to 1.3014 by mid-March, representing a 3.5% year-to-date performance. The Bank of England's 25 basis point interest rate reduction to 4.5% in February contributed to the pound's initial depreciation while aiming to support economic growth.

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March 28, 2025 | 2:00 pm