Key Market Trends to Monitor This Week (3-7, March)

Gold Price Steady Amid Trade Tensions?

Gold prices saw slight gains on Monday, sustained by a weaker US Dollar and growing concerns over President Trump's tariff plans, which may lead to a global trade war. However, despite these supportive factors, gold struggles to gain bullish momentum, remaining cautious as traders await key economic data that could influence market direction.?

EUR/GBP Steady Amid Ukraine Truce Proposal?

EUR/GBP edged higher, remaining above 0.8250 as France and the UK proposed a one-month truce in Ukraine, aiming to cease air and sea conflicts. Supported by stronger inflation data from Germany, the Euro gains traction, while the British Pound holds firm due to cautious expectations surrounding the Bank of England's monetary easing approach.?

Yen Strengthens as USD Weakens Further?

The Japanese Yen maintains a positive bias amid a weaker US Dollar, attracting dip-buyers after a recent decline. Expectations of further interest rate hikes by the Bank of Japan bolster the Yen, despite caution over US tariff plans impacting global economic stability. The USD/JPY pair remains depressed below the mid-150.00s, with analysts predicting potential slides towards the psychological 150.00 mark as market sentiment shifts.?

Australian Dollar Steady Amid Weak USD?

The Australian Dollar (AUD) gained traction on Monday, buoyed by a weaker US Dollar following the release of US PCE inflation data that eased fears of unexpected inflation spikes. Positive economic signals from China, including a rise in the Caixin Manufacturing PMI, further supported the AUD. However, escalating US-China trade tensions and a bearish outlook could limit the AUD's upside potential as it tests key support around 0.6200.? Register Now!