This site uses cookies to provide you with a great user experience. By visiting monetamarkets.com, you accept our cookie policy.
Allow all
This site uses cookies to provide you with a great user experience. By visiting monetamarkets.com, you accept our cookie policy.
Allow all
This website is operated by Moneta Markets Ltd, which is not authorised or regulated by the UK Financial Conduct Authority (FCA) and does not offer or promote services to UK residents. Access to this website is restricted in the UK and the content is not intended for distribution to, or use by, any person located in the UK. If you believe you have reached this website in error, please exit the page now
Please note that Moneta Markets operates this website and its services are not directed at residents of your jurisdiction.
The information on this site is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
If you have arrived here in error, we kindly advise you to exit the site.
Continue to Site
Global markets opened the week on a defensive footing as geopolitical tensions and key economic data reinforced broad US Dollar strength. The Greenback pushed higher across the board, supported by rising US–Venezuela tensions and cautious positioning ahead of the ISM PMI release. Safe-haven flows weighed on major counterparts, pressuring the Japanese Yen, British Pound, Swiss Franc, and Australian Dollar, while risk-sensitive currencies struggled amid softer signals from China.
The US Dollar Index is trading above the 98.50 level as rising US–Venezuela tensions and cautious positioning ahead of ISM PMI data support safe-haven demand for the Greenback.
Geopolitical Risks: Escalating tensions between the US and Venezuela are boosting demand for the US Dollar as a safe haven.
US Economic Data: Markets are focused on the upcoming ISM PMI release for signals on US economic resilience.
FOMC Outcome: Expectations that the Federal Reserve will maintain a restrictive policy stance continue to support the USD.
Trade Policy: Concerns over potential disruptions linked to geopolitical frictions are adding to USD demand.
Monetary Policy: Policy divergence between the Fed and other major central banks remains USD-supportive.
Trend: Bullish
Resistance: 98.80, 99.20
Support: 98.20, 97.80
Forecast: A sustained move above 98.50 could allow the index to test the 99.00 psychological level.
Market Sentiment: Risk-averse
Catalysts: ISM PMI data, further geopolitical headlines
USD/JPY has climbed beyond 154.00 as the Japanese Yen slides to a two-week low amid broad US Dollar strength.
Geopolitical Risks: Global geopolitical uncertainty continues to favor USD demand over the Yen.
US Economic Data: Strong US data expectations are supporting higher USD yields.
Trade Policy: Limited trade-related developments keep focus on yield differentials.
Trend: Bullish
Forecast: Continued momentum may drive the pair toward the 155.00 area in the near term.
Market Sentiment: USD-positive
Catalysts: US economic data, BoJ commentary, shifts in risk sentiment
GBP/USD is trading below the mid-1.3400s as heightened geopolitical tensions underpin the US Dollar and weigh on the Pound.
Geopolitical Risks: Rising global tensions are driving safe-haven flows into the USD.
US Economic Data: Anticipation of solid US data supports the Greenback.
FOMC Outcome: The Fed’s restrictive policy outlook continues to pressure GBP/USD.
Trend: Bearish to neutral
Resistance: 1.3460, 1.3520
Support: 1.3380, 1.3300
Market Sentiment: Defensive
Catalysts: US PMI data, geopolitical developments, UK economic releases
USD/CHF is trading above 0.7930 as cautious market conditions and broad US Dollar strength dominate early-week trade.
Geopolitical Risks: Global uncertainty is supporting demand for USD liquidity.
US Economic Data: Investors remain focused on upcoming US macro data.
FOMC Outcome: The Fed’s policy outlook continues to favor the USD over the CHF.
Trend: Mildly bullish
Resistance: 0.7960, 0.8000
Support: 0.7900, 0.7865
Forecast: Holding above 0.7900 may allow a move toward the 0.8000 psychological level.
Market Sentiment: Cautious
Catalysts: US data releases, shifts in global risk appetite
AUD/USD remains under pressure as weaker services PMI data from China weighs on the Australian Dollar amid broad USD strength.
Geopolitical Risks: Global tensions continue to suppress risk appetite.
US Economic Data: Anticipation of firm US data supports the Greenback.
FOMC Outcome: Higher-for-longer Fed expectations limit AUD recovery.
Trade Policy: Ongoing concerns around China-linked trade demand weigh on AUD.
Trend: Bearish
Resistance: 0.6680, 0.6720
Support: 0.6620, 0.6550
Forecast: Sustained downside pressure could drive the pair toward the 0.6550 area.
Market Sentiment: Risk-off
Catalysts: China economic data, US PMI figures, global risk developments
Overall, the US Dollar remains firmly supported as geopolitical uncertainty and resilient US data expectations dominate market sentiment. The Yen and Pound continue to weaken against the Greenback, while the Swiss Franc and Australian Dollar struggle to attract demand in a cautious risk environment. With ISM PMI data and further geopolitical developments in focus, traders are likely to stay defensive, keeping USD strength intact in the near term.
Ready to trade global markets with confidence? Join Moneta Markets today and unlock 1000+ instruments, ultra-fast execution, ECN spreads from 0.0 pips, and more! Start now with Moneta Markets!
