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Forex Markets

UUP

The EUR/USD currency pair is currently trading with a support level around 1.0730. If the market maintains trades above this level, a potential correction could push the rate towards 1.0860 and higher. Conversely, falling below 1.0730 might trigger further downward movement.

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March 28, 2025 | 12:45 pm

XAUUSD

Gold has successfully broken through the resistance level of 3033-38, advancing towards targets at 3055-57 and 3080-85. However, the resistance zone around 3085 might trigger a potential price correction. Traders should watch the support level around 3057-59, which could prompt another advance, while a breakdown below might lead to a drop towards 3025.

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March 28, 2025 | 12:45 pm

CNHUSD

UOB Group's FX analysts predict the USD/CNH currency pair will likely trade sideways between 7.2570 and 7.2820 in the short term. They suggest potential for further rise to 7.2980 in the coming weeks, indicating improved momentum for the US Dollar against the Chinese Yuan.

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March 28, 2025 | 12:15 pm

UUP

Danske Bank's FX analyst Jesper Fjärstedt suggests EUR/USD will likely consolidate around 1.08-1.09, with potential upside risks. The USD reaction to recent tariffs remains uncertain, with mixed past impacts including lower import demand, inflationary effects, and potential growth concerns.

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March 28, 2025 | 12:15 pm

JPYUSD

UOB Group's FX analysts suggest the USD/JPY currency pair is approaching a critical resistance level at 151.30. While upward momentum remains unconvincing, a potential break above this level could trigger further gains towards 152.30. The analysts maintain a positive outlook as long as the strong support at 149.50 remains intact.

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March 28, 2025 | 12:15 pm

UUP

The USD/CHF currency pair is trading near 0.8830, with investors anticipating the US Personal Consumption Expenditure (PCE) inflation data for February. The pair remains technically bearish, trading below its 200-day Exponential Moving Average. Market participants are also monitoring potential reciprocal tariffs from President Trump and the Swiss National Bank's warnings about global economic uncertainty.

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March 28, 2025 | 12:15 pm

FXC

The USDCAD currency pair is currently in a range-bound state, with traders anticipating the US tariffs plan to be unveiled on April 2nd. The Canadian Dollar's potential movement is heavily dependent on the outcome of this announcement. Short-term economic indicators like Canadian GDP and US PCE report are considered secondary to the upcoming tariffs event.

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March 28, 2025 | 11:30 am

XAUUSD

Commerzbank analyst Carsten Fritsch reports that China exported 41 tons of Gold to Hong Kong in February, the highest level in 10 years. This unusual net export suggests extremely weak domestic Gold demand, with traders potentially seeking better pricing in international markets.

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March 28, 2025 | 10:30 am

UUP

UOB Group's FX analysts Quek Ser Leang and Peter Chia suggest the EUR/USD currency pair may transition to range-bound trading. The pair recently rebounded to 1.0821, with potential resistance at 1.0825 and 1.0870. If EUR breaks above 1.0825, it indicates a likelihood of trading in a range instead of continuing to decline.

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March 28, 2025 | 10:30 am

EURUSD

The EUR/USD currency pair is experiencing downward pressure due to potential US-EU trade tensions and upcoming US PCE inflation data. President Trump's announcement of 25% tariffs on auto imports and potential reciprocal tariffs are creating market uncertainty, with potential implications for global economic growth and inflation.

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March 28, 2025 | 10:30 am