Research & Education

Markets are on edge heading into Friday's key economic releases, with Canada's Employment Change and the U.S. Non-Farm Payrolls both due at 15:30 (GMT+3). These data points come at a critical juncture, as global sentiment remains fragile following President Trump's sweeping import tariffs, which have triggered sharp risk aversion and a flight to traditional safe havens like the yen and Swiss franc. Against this backdrop, the USDJPY pair has come under intensified bearish pressure, both fundamentally and technically, as concerns over U.S. economic resilience and a potential crisis of confidence in the dollar weigh heavily on investor positioning.

As markets navigate heightened volatility sparked by President Trump's sweeping tariff announcement, investor attention now turns to a series of high-impact economic releases due in the coming sessions.  With concerns over a potential trade war pressuring risk assets, upcoming data—ranging from U.S. Non-Farm Payrolls to ISM Services PMI and Canadian employment figures—could significantly influence sentiment and market direction.
Meanwhile, the S&P 500 remains under technical strain, trading in a well-defined downtrend with momentum indicators reinforcing bearish conditions.  However, with a potential bullish divergence emerging, traders are closely watching for signs of a corrective rebound as macro and policy headwinds continue to drive volatility.

This week’s economic calendar is packed with high-impact data releases that could stir volatility across major currency pairs, particularly the EURUSD. Market participants are closely watching central bank decisions, inflation figures, and key U.S. employment data, all unfolding against the backdrop of geopolitical uncertainty and mounting trade tensions. With the U.S. set to impose reciprocal tariffs on April 2 and eurozone inflation data due soon, traders are treading cautiously. Political instability in France and shifting sentiment in European markets are also weighing on the euro, as technical indicators point to a possible inflection point in the EURUSD trend.

Bitcoin continues to command attention as price action consolidates below key resistance following a sharp retracement from all-time highs. Despite recent volatility, underlying sentiment remains constructive, supported by improving technicals and a longer-term bullish outlook. Market participants are closely watching for confirmation of direction, as both momentum indicators and broader structural trends suggest the potential for renewed upside in the sessions ahead.

This week, key economic events and central bank decisions are shaping market sentiment, with major data releases from Australia, Switzerland, the UK, the US, and Canada.  Investors are closely monitoring these developments for potential shifts in monetary policy and economic outlooks.
Meanwhile, Gold continues its strong rally, reaching new highs above $3,057 per ounce amid ongoing market uncertainty and risk aversion.  Technical indicators confirm the bullish trend, though signs of divergence suggest a potential slowdown or correction.  As traders navigate these volatile conditions, attention remains on key resistance and support levels, as well as broader macroeconomic factors influencing market direction.

This week's central bank decisions from Japan, the US, and the UK will drive market sentiment, with traders watching for policy signals.  GBPJPY remains in a strong uptrend, supported by bullish technical indicators.  Meanwhile, Japan's steady rates and rising wages hint at future tightening, while the pound surged past ¥194 on expectations of prolonged high rates.  Economic data releases will be key in shaping market direction.

This week’s economic calendar features several high-impact U.S. releases—including PPI and unemployment claims on Thursday—plus Friday's UK GDP report, all of which could influence near-term price action. Technically, silver’s strong upward trajectory since December 19, marked by a failure swing reversal and a “Golden Cross,” underlines persistent bullish sentiment. Momentum indicators like the RSI and the oscillator above 100 further confirm buying pressure. A breakout above the 33.387 resistance could trigger a notable rally, although traders should also watch the identified downside support levels if selling pressure emerges. Fundamentals remain supportive, with softer U.S. inflation data bolstering industrial demand and compressing the Gold/Silver Ratio to its lowest point since the New Year.

As the global economic landscape continues to evolve, several key events and data releases this week are poised to impact the markets.  The US Consumer Price Index (CPI) and Producer Price Index (PPI) will offer insights into inflation trends, while the Bank of Canada's interest rate decision will be closely watched amid ongoing trade tensions.  Additionally, US unemployment claims and the UK's GDP figures will provide further indications of economic health.
In the technical analysis section, we'll delve into the recent performance of USDCAD, which has been on an upward trend since mid-February.  We'll also outline potential upside and downside targets for traders, along with a discussion on the fundamentals driving market sentiment.