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Fresh updates from the markets
The EUR/JPY pair plummeted near 184.00 following hawkish remarks from Bank of Japan Governor Ueda, suggesting an accelerated path to monetary policy normalization, prompting a major yen strength repricing.
Trump's address on Iran sparked a sharp dollar surge to 100.24 DXY as oil prices jumped 8%, prompting investors to flee risky assets. Stagflation concerns loom ahead of Friday's jobs report.
WTI crude surged 10% to $104 per barrel after Trump threatened intensified Iranian strikes over 2-3 weeks, with Brent hitting $107 as Strait of Hormuz shipping halts threaten global energy supply.
By banning non-deliverable rupee derivatives and capping dealer positions at USD 100 million, the RBI triggers a 2% rupee appreciation, curbing speculative trading pressures.
February saw nonfarm payrolls drop by 92,000, sharply missing expectations and casting doubt on labor market resilience amid growing uncertainties.
The DXY has fallen below the crucial 100 level for the first time since July 2023, indicating a fundamental change in forex markets influenced by a Fed policy pause, tariff tensions, and improved Eurozone data.
Crude prices soar 9% as Middle East conflict threatens global oil supplies, shaking equities and pushing gasoline above $3.25 per gallon.
EUR/USD rises to 1.1620 in Asian trading, confronting resistance at crucial moving averages while traders anticipate the critical nonfarm payrolls report. Diverging central bank policies fuel volatility.
Amid geopolitical tensions, major cryptocurrencies consolidate around key technical support zones. Traders must discern where BTC, ETH, and XRP stand to effectively navigate the volatile market.
