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USDCHF consolidated around the current support at 0.8800. The price hovers around this level while staying under the steadying bearish EMAs, indicating a slowdown in momentum. If USDCHF recovers above the resistance at 0.8900, the price may test EMA78 before surging to the following resistance at 0.9000. On the contrary, if USDCHF fails to stay above the support at 0.8800, the price may retest the subsequent support at 0.8700. 🚀

📊Strong U.S. data put pressure on gold The gold (XAU) price dropped by 0.58% against the U.S. dollar (USD) on Monday. The U.S. Dollar Index (DXY) continued to increase after the release of better-than-expected Purchasing Managers' Index (PMI) report. 👉Possible effects for traders The survey from S&P Global on Monday showed U.S. business activity picked up in March. The data also indicated that fears over import tariffs and deep government spending cuts weighed on sentiment. The benchmark services PMI substantially exceeded the market forecast, pushing the greenback higher and making gold more expensive for holders of other currencies. 'We've hit record after record, and now the market is just consolidating these gains, and this is enforced by somewhat higher U.S. dollar. We're looking at a level of about $3,150 plus, later in the year, that gold will likely strive to as the Fed (Federal Reserve) starts loosening monetary policy', said Bart Melek, head of commodity strategies at TD Securities. Indeed, despite the risks of higher tariffs-driven inflation, the market still expects the Fed to continue cutting rates in 2025. Investors are currently pricing in a 26% chance of three 25-basis-point (bps) rate cuts by the end of the year. Meanwhile, U.S. and Russian officials met in Saudi Arabia to advance negotiations for a wider Ukrainian ceasefire. The U.S. is also pushing for a separate Black Sea maritime ceasefire. 'If over the week the talks in Saudi Arabia do materialise and there is a dip in gold based off that, I expect it will be bought up fairly quickly', said Bob Haberkorn, senior market strategist at RJO Futures. XAUUSD rose slightly during the Asian and early European trading sessions. Today, traders should focus on the news regarding Russia-Ukraine peace talks and developments around trade tariffs. In addition, the U.S. CB Consumer Confidence report at 2:00 p.m. UTC may add extra volatility to all USD pairs. Higher-than-expected figures may push XAUUSD below $3,000, while lower-than-expected results may pull the pair above $3,028. Sign Up Now ➡️https://bit.ly/attocta Partner Code ➡️ 3788810

📊Strong U.S. data and tariff threats weigh down on euro The euro (EUR) lost 0.15% against the U.S. dollar (USD) on Monday as the greenback strengthened due to a better-than-expected U.S. Purchasing Managers' Index (PMI) report. 👉Possible effects for traders The S&P Global survey revealed that U.S. business activity picked up in March. However, it also indicated that fears over import tariffs and deep government spending cuts continued to weigh on sentiment. Although the eurozone PMI also rose in March, the improvement was less significant than the U.S. one. Still, the modest improvement in the eurozone's business climate may accelerate in the coming months. Planned infrastructure and defence spending, especially in Germany, may boost hopes for an economic recovery. Meanwhile, U.S. President Donald Trump hinted there would be some flexibility regarding reciprocal tariffs that are set to take effect on 2 April. This hint raises hopes that the negative impact of tariffs on the eurozone economy may be less severe than expected. Thus, the news may support the EURUSD exchange rate in the short term. EURUSD remained relatively flat during the Asian and early European trading sessions. Today, traders should focus on the news regarding Russia-Ukraine peace talks and developments around trade tariffs. In addition, the U.S. CB Consumer Confidence report will come out at 2:00 p.m. UTC and may add extra volatility to all USD pairs. Higher-than-expected figures may push EURUSD down towards 1.07812, while lower-than-expected results may pull the pair higher towards 1.08450. Sign Up Now ➡️https://bit.ly/attocta Partner Code ➡️ 3788810

📊JPY drops despite hawkish BOJ stance The Japanese yen (JPY) lost 0.92% against the U.S. dollar (USD) on Monday. The greenback strengthened after the release of the better-than-expected Purchasing Managers' Index (PMI) report. 👉Possible effects for traders S&P Global's flash U.S. Composite PMI, which tracks the manufacturing and services sectors, increased towards 53.5 this month, up from 51.6 in February. However, the survey also showed that fears over import tariffs and deep government spending cuts continued to weigh on investors' sentiment. USDJPY had risen even before the PMI data was released. This is because Bloomberg News and the Wall Street Journal reported that the Trump administration was likely to exclude a set of sector-specific tariffs while applying reciprocal duties on 2 April. 'A wave of cautious optimism is washing across foreign exchange markets on hopes that next week's U.S. tariff announcement will prove less extreme than had previously been feared', said Karl Schamotta, chief market strategist at Corpay in Toronto. Meanwhile, the minutes from the latest Bank of Japan (BOJ) policy meeting revealed that policymakers discussed the pace of raising interest rates further. Members agreed that real interest rates were at significantly low levels. Thus, the minutes showed that the BOJ planned to continue tightening monetary policy if the outlook for economic activity and prices was realised. At the January meeting, the BOJ raised its short-term policy target by 0.25% towards 0.5%, the highest level since the 2008 global financial crisis. The bank also revised its price forecasts up, showing confidence that rising wages will keep inflation stable around its 2% target. USDJPY fell during the Asian and early European trading sessions. Today, the main macroeconomic data release is the U.S. CB Consumer Confidence report at 2:00 p.m. UTC. Higher-than-expected figures may pull USDJPY above 151.190, while lower-than-expected results may push the pair below 150.250. Sign Up Now ➡️https://bit.ly/attocta Partner Code ➡️ 3788810

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AUDUSD, 15-minute timeframe chart 👉General outlook AUDUSD has been under selling pressure within the last couple of hours. 👉Possible scenario The best way to use this opportunity is to place a Buy order at 0.62810. Set your stop loss at 0.62630 below the previous low ($1.80 loss for 0.01 lot) and take profit at 0.62990 ($1.80 profit for 0.01 lot). The risk-reward ratio for this order is 1:1. The upcoming news will not influence your orders within the mentioned period.

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📆 These are the biggest events to watch this week: It will be another interesting week, as apart from updates surrounding Trump’s tariff tactics, traders will have to digest Eurozone’s preliminary PMI data to better assess how the ECB will move forward. The UK CPI and retail sales numbers could prove decisive about when the BoE may decide to press the rate cut button again, while the Tokyo CPI data could impact BoJ rate hike expectations. In the US, investors added to their rate cut bets as Trump’s trade policies have increased concerns about the performance of the US economy. Further softness in the core PCE index, the Fed’s favourite inflation metric, could corroborate that view. #XMIndia #XM #EconomicCalendar

📊Gold declines, but geopolitical tensions support its price The gold (XAU) price declined by 0.68% on Friday as traders took profit on their long positions. The U.S. Dollar Index (DXY) moved higher, making bullion more expensive for holders of other currencies. 👉Possible effects for traders Despite a sizeable drop on Friday, XAUUSD still managed to gain over 1% by the end of the week due to strong safe-haven flows induced by geopolitical and economic uncertainties. 'Ongoing safe-haven demand, both based on trade concerns and geopolitical risks, continues to be the primary driving force', said Peter Grant, vice president and senior metals strategist at Zaner Metals. Last week, the White House confirmed that U.S. President Donald Trump plans to introduce new reciprocal tariff rates on 2 April. This is despite earlier comments from Treasury Secretary Scott Bessent indicating a possible tariff activation delay. Increased trade tariffs could lead to higher consumer prices and spark a worldwide economic downturn. Meanwhile, after two months of relative calm, Israel resumed full-scale air and ground attacks on Hamas in Gaza. The government cited the need to pressure for hostage releases. Gold is traditionally viewed as a safe-haven investment during times of geopolitical and economic uncertainty. It performs well when investors seek to secure capital and flock to gold's stability amidst volatile market conditions and fluctuating currency values. XAUUSD fell slightly during the Asian and early European trading sessions. Today, the main focus is on the Purchasing Managers' Index (PMI) reports released by S&P Global, an American financial information and analytics company. The reports provide crucial insights into global economies' health and future monetary policy trajectories. The U.S. PMI report at 1:45 p.m. UTC will likely be the most impactful. Higher-than-expected figures may lower the chances of additional rate cuts by the Federal Reserve, pushing XAUUSD below $3,000. Conversely, lower-than-expected results may extend the general bullish trend and pull the pair towards $3,060. Sign Up Now ➡️https://bit.ly/attocta Partner Code ➡️ 3788810

📊Possible trade tariffs and dovish Fed put bearish pressure on euro The euro (EUR) lost 0.34% against the U.S. dollar (USD) on Friday. Traders decided to exit their long EURUSD positions ahead of the 2 April tariff deadline. 👉Possible effects for traders EURUSD has increased by over 7% since mid-January as worries over the U.S. economic growth under the Trump administration's trade policies pressured the greenback. German Parliament passed a reform of the country's borrowing rules and a €500-billion fund to revamp its infrastructure and revive Europe's largest economy. This development also supported the euro. 'It's really been a huge rally in EURUSD this quarter... so, naturally, we're seeing some profit-taking ahead of the 2 April tariff deadline', said George Vessey, lead FX and macro strategist at Convera. 'While it is impossible to know exactly what the administration has in mind for its next move, our base case remains that tariff rates are likely to go up significantly and that this will drive a rebound in the U.S. dollar', Jonas Goltermann, deputy chief markets economist at Capital Economics said in a note. At the same time, the U.S. Federal Reserve (Fed) indicated last week that it was in no rush to cut interest rates. These comments strengthened the greenback and pushed EURUSD lower. 'We're not going to be in any hurry to move', Fed Chair Jerome Powell said. He underscored the challenge policymakers face in navigating Trump's tariffs policy and the potential impact on the domestic economy. Overall, EURUSD is now experiencing heightened volatility, reflecting the confluence of trade policy uncertainties, fiscal stimulus measures, and evolving monetary policy stances. Thus, traders should carefully assess the potential shifts in the currency pair's trajectory. The sideways market will likely set in in the short term, with the pair moving within the 1.07500–1.09000 range. EURUSD rose slightly during the Asian and early European trading sessions. Today, traders should focus on the Purchasing Managers' Index (PMI) reports. French, German, and Eurozone data will come out at 8:15, 8:30, and 9:00 a.m. UTC, respectively. The U.S. PMI is due at 1:45 p.m. UTC. All reports will likely impact the EURUSD exchange rate. Key levels to watch are support at 1.07540 and resistance at 1.09130. Sign Up Now ➡️https://bit.ly/attocta Partner Code ➡️ 3788810

📊GBP traders await economic data to understand the currency's trend The British pound (GBP) lost 0.35% against the U.S. dollar (USD) on Friday. Traders repositioned into the greenback, awaiting clarity on U.S. President Donald Trump's next round of tariffs. 👉Possible effects for traders The deadline for new tariffs is 2 April, when the White House will announce reciprocal taxes on many countries. 'We downgraded our dollar forecasts last week but still expect some dollar strength from current levels', Goldman Sachs analysts wrote in a research note. Although the U.K. isn't the primary target of Trump’s new tariffs, duties can still negatively affect GBPUSD due to deteriorating economic sentiment. While trade tariffs remain a significant concern, investors should also focus on other factors that influence the market dynamics. This week, GBPUSD traders should closely monitor a series of critical macroeconomic reports: Retail Sales, the Consumer Price Index (CPI) report, and the U.K. budget. All the data may significantly impact the currency pair. Traders should expect heightened volatility as these key economic announcements create a potentially turbulent week for GBPUSD. GBPUSD rose during the Asian and early European trading sessions. Today, traders should focus on several Purchasing Managers' Index (PMI) reports. U.K. PMI report is due at 9:30 a.m. UTC, while the U.S. PMI data will come out at 1:45 p.m. UTC. If U.K. PMI figures are lower than expected and underperform compared to U.S. figures, GBPUSD will likely plunge sharply, possibly below 1.28600. However, better-than-expected U.K. figures will likely push GBPUSD higher, above the important 1.29550 level. Sign Up Now ➡️https://bit.ly/attocta Partner Code ➡️ 3788810