Trump invites countries to get the Hormuz oil themselves; he won't help anymoreIran's Pres.: Iran seeks no war but is prepared to end it with guarantees against attacksIran Foreign Minister Araghchi: We will not accept a ceasefire, want a complete end to warChina and Pakistan presented a new Iran initiative to end the war - reportJOLTs Job openings for February 6.882 million versus 6.918 million estimateUS March consumer confidence 91.8 vs 88.0 expectedUS January CaseShiller 20-city house price...
USD
EUR
CHF
Source: Finnhub
The US dollar surged as a broad risk-off wave swept markets following Iran's Revolutionary Guard naming 18 American technology companies for retaliation, citing their involvement in defense contracts and AI-driven intelligence gathering. The S&P 500 erased nearly half its gains, falling from +110 points to just +62 points as equities came under heavy selling pressure. Safe-haven demand propelled the dollar higher against risk-sensitive currencies, with pairs like EUR/USD, GBP/USD, and AUD/USD all facing downside pressure. Companies including Palantir, Microsoft, and Google were specifically targeted, escalating geopolitical uncertainty in the Middle East. The development compounds existing tensions surrounding the US-Iran conflict, adding a layer of corporate risk to the broader geopolitical narrative. Traders should monitor further escalation signals, as retaliatory actions against major US tech firms could ripple through equity markets and amplify dollar strength. Near-term, the DXY index is likely to find support from continued safe-haven flows, while risk currencies may test lower support levels.
EURUSD
GBPUSD
AUDUSD
USDJPY
Sentiment:
Positive
Source: Finnhub
European currencies extended their losses against the US dollar on Monday, with GBP/USD deepening its decline and EUR/USD remaining firmly under pressure as escalating geopolitical tensions drove investors toward safe-haven assets. The British pound led the selloff among major European currencies, reflecting heightened risk aversion amid the intensifying Middle East conflict. The euro also struggled to find buyers, weighed down by a combination of dollar strength and limited upside catalysts from European economic data. Safe-haven demand for the US dollar and dollar-denominated liquid assets has been the dominant theme, sidelining any positive fundamental factors for European economies. Technically, GBP/USD faces immediate support near recent lows, with a break lower potentially accelerating the bearish move. EUR/USD remains capped below key resistance levels, and sustained geopolitical uncertainty could push the pair toward lower support zones. Traders should watch for any de-escalation signals that might trigger a relief rally in European currencies, though the near-term bias remains firmly in favor of the dollar.
EURUSD
GBPUSD
Sentiment:
Very Negative
Source: Marketaux
EUR/USD maintains a bearish bias as geopolitical tensions from the ongoing US-Iran conflict continue to dominate forex market dynamics. Eurozone headline inflation picked up in March, driven by surging energy prices linked to Middle East hostilities and disruptions near the Strait of Hormuz. Goldman Sachs noted that FX markets have yet to fully price in the energy shock, suggesting further volatility ahead. ECB board member Muller warned that the central bank's current baseline projection may already be too optimistic, hinting at potential policy reassessment. European equities remained relatively calm on the session but are poised to close out one of the worst monthly performances in recent years. On the upside, reports that President Trump is open to ending the conflict without escalating near Hormuz provided a brief lift to risk assets, with the Nasdaq bouncing on renewed deal optimism. Traders should monitor US-Iran negotiation developments closely, as any breakthrough or breakdown could trigger sharp moves in EUR/USD. Key focus remains on energy price trajectories and their pass-through effects on inflation and central bank policy.
EURUSD
Sentiment:
Negative
Source: Finnhub
AUD/USD remains entrenched in a bearish downtrend, failing to sustain gains from a hawkish Reserve Bank of Australia stance and reversing sharply from 0.7123 to a three-month low. The pair continues to trade below the critical 0.6910 resistance level, confirming the bearish technical structure despite two potentially supportive catalysts. President Trump's remarks about exiting the Iran war initially provided a brief risk-on impulse, but the rally was quickly sold into as broader risk aversion and dollar strength reasserted dominance. The RBA's hawkish tone had temporarily lifted the Australian dollar, but the reversal from 0.7123 underscores the strength of the prevailing downtrend. Key resistance stands firmly at 0.6910, and a sustained move below current levels could open the path toward deeper losses. Support is anticipated near the 0.6800 psychological level. The failure to capitalize on both a hawkish central bank and potential geopolitical de-escalation signals that bearish momentum remains dominant. Traders should treat rallies toward 0.6910 as potential selling opportunities until a decisive break above that level occurs.
AUDUSD
Sentiment:
Very Negative
Source: Marketaux
Risk-sensitive currencies are gaining ground against the US dollar in early Tuesday trading as reports from the Wall Street Journal suggest the US may be open to winding down military operations in the Middle East without requiring Iran to reopen the Strait of Hormuz. The development, if confirmed, could reduce geopolitical risk premiums that have supported safe-haven flows into the dollar, Swiss franc, and Japanese yen in recent sessions. However, market participants remain cautious, questioning whether this represents a genuine shift in US foreign policy or another false dawn, given that the arrangement would not fully satisfy President Trump's stated objectives regarding Iran. AUD/USD and NZD/USD are among the early beneficiaries of improved risk appetite, while USD/JPY faces downward pressure as haven demand softens. Oil prices have also eased on the news, potentially benefiting oil-importing nations' currencies. Traders should monitor follow-up statements from the White House for confirmation, as any walkback could quickly reverse these moves. Key support for the US Dollar Index sits near recent lows, with resistance at prior session highs.
AUDUSD
NZDUSD
USDJPY
USDCHF
Sentiment:
Positive
Source: Finnhub
