Streetbeat News

Forex Markets

UUP

The USD/IDR currency pair has rebounded near the 16,600 level during the Asian trading session, following recent volatility. The pair is experiencing some dip-buying activity after reaching its highest level since the 1998 Asian financial crisis, with traders monitoring potential US tariff implications.

Portfolio Pulse from

March 26, 2025 | 6:00 am

UUP

The USD/CHF pair rebounds near 0.8850 as the US Dollar gains support due to rising US bond yields, hawkish Fed comments, and market uncertainty ahead of potential Trump tariff announcements. Geopolitical tensions in the Middle East are also driving market dynamics.

Portfolio Pulse from

March 26, 2025 | 5:30 am

FXE

The US Consumer Confidence Index dropped to a four-year low in March, causing the US Dollar to soften against the Euro. Uncertainty surrounding trade policies and potential economic slowdown are contributing factors. ECB's Villeroy suggested further potential interest rate cuts, adding complexity to the currency dynamics.

Portfolio Pulse from

March 26, 2025 | 5:30 am

XAGUSD

Silver (XAG/USD) is experiencing a minor pullback in the Asian trading session, currently trading around $33.60-$33.65. Despite the short-term decline, technical indicators suggest a bullish outlook with potential upside towards $34.20-$34.85. Traders are watching key support and resistance levels for potential trading opportunities.

Portfolio Pulse from

March 26, 2025 | 5:30 am

FXE

The GBP/USD currency pair is experiencing mixed signals, with a bullish bias challenged by short-term technical indicators. The pair is trading around 1.2930, having broken below its nine-day Exponential Moving Average. Traders are awaiting key UK CPI inflation data and monitoring US consumer inflation expectations, which have risen to 6.2% in March.

Portfolio Pulse from

March 26, 2025 | 5:30 am

UUP

The GBP/USD currency pair is currently trading around 1.2930, experiencing a slight pullback after two consecutive sessions of gains. Technical analysis suggests a continued bullish bias, with the pair consolidating within an ascending channel pattern and testing the nine-day exponential moving average (EMA) near 1.2950.

Portfolio Pulse from

March 26, 2025 | 4:45 am

XAUUSD

According to FXStreet data, gold prices in Malaysia experienced a minor decline, with the price per gram falling from MYR 429.94 to MYR 429.39. This small price movement reflects the ongoing volatility in global gold markets, influenced by factors such as currency fluctuations, interest rates, and geopolitical conditions.

Portfolio Pulse from

March 26, 2025 | 4:45 am

FXC

The USD/CAD currency pair is experiencing a decline, trading below 1.4300, as reports suggest Canada might face the lowest tier of US tariffs. This development has led to a strengthening of the Canadian Dollar in the forex markets.

Portfolio Pulse from

March 26, 2025 | 4:00 am

USDINR

The Indian Rupee (INR) is experiencing downward pressure due to month-end US Dollar demand from local oil companies and importers. Extended crude oil price gains and the US Dollar's recovery against major currencies are contributing to the INR's softening. Despite this, Indian stock market gains and foreign institutional investor buying provide some support.

Portfolio Pulse from

March 26, 2025 | 3:30 am

FXA

The NZD/USD currency pair extended gains to near 0.5750, driven by improved market sentiment, potential US tariff exemptions, and anticipated Chinese stimulus measures. New Zealand's economic recovery, with Q4 2024 GDP growth exceeding expectations, and optimistic market outlook contribute to the currency's strength.

Portfolio Pulse from

March 26, 2025 | 3:00 am