iFAST Global Bank has announced the launch of a new Multi-Currency Business Account aimed at professional services firms including solicitors, accountants, and property managers. The account features competitive interest rates and integrated Xero accounting software, designed to streamline complex cash management and multi-currency financial tracking. While the announcement does not directly impact forex price action, it signals growing demand for multi-currency banking solutions driven by increasing cross-border transactions and FX exposure among professional services businesses. The integration with Xero addresses operational pain points for firms managing client funds across multiple currencies, potentially reducing friction in currency conversion and reconciliation workflows. For forex markets, the broader trend of institutional and corporate multi-currency adoption reflects sustained demand for major currency liquidity, particularly in GBP, EUR, and USD corridors. Traders should note this as a structural development supporting long-term FX market volume growth rather than a near-term directional catalyst for any specific currency pair.
GBPUSD
EURUSD
EURGBP
Sentiment:
Very Positive
Source: Marketaux
The US Dollar Index is extending gains on Thursday as markets digest the aftermath of a hawkish Federal Reserve stance, creating what analysts describe as a 'hawkish hangover' across global FX markets. EUR/USD is trading under pressure as the dollar's renewed strength weighs on the single currency, while EUR/GBP cross dynamics are also in focus. Brent crude oil futures are feeling the impact of dollar strength, adding a commodity dimension to the risk backdrop. The Fed's recent messaging has recalibrated rate expectations, pushing back the timeline for easing and bolstering the greenback against a basket of major currencies. The DXY has found firm support from rising Treasury yields, with the 10-year climbing above 4.40% this week. Near-term resistance for the dollar index sits at recent weekly highs, while EUR/USD support levels are being tested. Traders should watch for any shifts in Fed rhetoric or incoming US economic data that could either reinforce or challenge the current hawkish narrative driving USD demand.
EURUSD
EURGBP
USDX
Sentiment:
Very Positive
Source: Marketaux
GBP/USD has appreciated following the Bank of England's decision to pause its rate cycle, holding interest rates steady at its latest meeting. The decision to maintain the current policy stance has provided near-term support for sterling, as markets interpret the pause as a signal that the BoE remains cautious about cutting rates prematurely amid lingering inflation pressures in the UK economy. The pair has gained ground against a broadly stronger US dollar backdrop, underscoring the significance of the BoE's hawkish hold. Focus is now shifting to geopolitical developments, which could introduce fresh volatility into GBP/USD price action. Geopolitical risk factors are increasingly weighing on market sentiment, potentially affecting risk appetite and safe-haven flows into the dollar. Technical levels to watch include immediate resistance at recent session highs, while support is anchored around the pre-BoE decision lows. Traders should remain attentive to evolving geopolitical headlines and upcoming UK economic data for near-term directional guidance on the pair.
GBPUSD
Sentiment:
Positive
Source: Marketaux
USD/CAD is testing the upper boundary of its recent trading range on Thursday, but breakout momentum remains conspicuously weak, suggesting the pair may struggle to sustain gains above key resistance levels. The move higher has been fueled by broad US dollar strength, driven by rising Treasury yields and a hawkish Fed repricing, yet Canadian dollar resilience tied to commodity market dynamics is capping upside potential. Oil prices, a critical driver for CAD, remain a key variable as Brent crude navigates its own directional uncertainties. The pair's failure to generate convincing momentum above range highs signals potential for a pullback or extended consolidation within the established range. Technical analysis highlights resistance at the range ceiling, while support is well-defined at the lower bound of the multi-week range. A decisive break above resistance would require a fresh catalyst, such as deteriorating Canadian economic data or a further surge in US yields. Traders should watch for a volume-backed breakout or rejection at current levels to determine near-term positioning strategies.
USDCAD
Sentiment:
Neutral
Source: Marketaux
German producer prices fell 0.5% month-over-month in February, significantly undershooting the expected +0.3% increase, with the prior month revised sharply from -0.6% to -0.1%. The primary driver behind the weaker-than-expected reading was a decline in energy prices, which weighed heavily on the headline figure. However, the implications for EUR/USD may be limited, as the data is considered dated given the rapidly evolving geopolitical landscape in the Middle East. Analysts expect the conflict to significantly alter the inflation trajectory in coming months, with rising energy costs likely to push producer prices higher in the March report and beyond. For the European Central Bank, the current disinflationary signal from PPI could have supported a more dovish stance, but the anticipated reversal due to geopolitical energy price pressures may complicate future rate decisions. EUR/USD traders should monitor upcoming energy-sensitive data closely. Near-term, the pair remains in a consolidation phase as markets digest conflicting signals between soft backward-looking data and forward-looking geopolitical risk premiums that could reignite inflationary pressures across the Eurozone.
EURUSD
Sentiment:
Neutral
Source: Finnhub
Gold (XAU/USD) bounced back above the $4,730 level during the Asia-Pacific session, supported by a confluence of geopolitical tensions and shifting central bank expectations. The PBOC set the USD/CNY mid-point at 6.8898, signaling continued managed stability in the yuan. Morgan Stanley has pushed back its Fed rate cut forecast to September and December, while Goldman Sachs expects the Bank of England to remain on hold through the rest of 2026, keeping GBP monetary policy steady. Fed Chair Powell is scheduled to speak Saturday, though the address is not policy-related, limiting potential market impact. Geopolitical risk premiums intensified as Saudi Arabia warned oil could surge to $180 per barrel if Iranian conflict continues to disrupt supply, raising stagflation concerns and potential demand destruction. Tesla's planned $2.9 billion solar expansion with Chinese suppliers adds a trade-relations dimension to USD/CNY dynamics. HSBC reportedly favors U.S. assets, providing underlying dollar support. Traders should monitor oil price escalation risks closely, as sustained energy price spikes could reshape rate expectations across G10 central banks and amplify safe-haven flows into gold.
XAUUSD
USDCNY
GBPUSD
Sentiment:
Neutral
Source: Finnhub
AUD/USD continues to exhibit pronounced two-way volatility, with price action oscillating within well-defined technical boundaries as traders struggle to establish a sustained directional trend. Throughout late February, the pair traded within a broad swing range between 0.7014 and 0.7135, providing clear support and resistance levels for range-bound strategies. However, March has seen an escalation in volatility, with sharper intraday moves that quickly reverse, making trend-following approaches challenging. The pair's inability to break decisively in either direction suggests competing fundamental forces, with Australian economic data and shifting risk sentiment pulling price action in opposing directions. Technical traders have identified the February range boundaries as key reference points, with 0.7014 acting as critical support and 0.7135 serving as resistance. A sustained break above or below these levels could signal a shift from range-bound to trending conditions. For now, traders looking to capitalize on elevated volatility may find opportunities in mean-reversion strategies, fading moves toward the extremes of the established range while maintaining disciplined risk management.
AUDUSD
Sentiment:
Very Negative
Source: Finnhub
EUR/USD pushed higher following the ECB rate decision and President Lagarde's press conference but failed to sustain upside momentum, stalling at key resistance levels. The pair's muted breakout attempt suggests buyers remain cautious at elevated prices despite the initial post-decision bid. From a fundamental standpoint, Lagarde reinforced that inflation remains the ECB's primary concern, with risks tilted to the upside—largely driven by surging energy prices linked to geopolitical disruptions, including the recent drone strike on Saudi refining infrastructure. Growth risks, however, are shifting to the downside amid persistent geopolitical uncertainty weighing on the Eurozone outlook. The mixed signal—hawkish on inflation but dovish on growth—has left traders uncertain about the ECB's next move, contributing to the consolidation pattern. Technically, the pair faces overhead resistance that has capped rallies, and a failure to break through could invite a reversal toward lower support zones. Traders should watch for a decisive close above resistance for bullish confirmation or a rejection for short-side opportunities.
EURUSD
Sentiment:
Neutral
Source: Finnhub
GBP/USD faces significant downward pressure as escalating geopolitical tensions between Iran and Israel send shockwaves through UK financial markets. The FTSE 100 plunged 265 points to 10,040, a drop of approximately 2.6%, as Brent crude oil prices soared on fears of disruption to energy facilities in the Middle East. The Bank of England held interest rates steady at its midday decision but delivered a hawkish tilt that further weighed on gilts and UK equities. UK labor market data showed the unemployment rate holding stable at 5.2%, while wage growth decelerated, providing mixed signals on the domestic economic outlook. The hawkish BoE stance typically supports sterling, but the risk-off environment driven by geopolitical turmoil is overwhelming any rate-differential benefit, pushing traders toward safe-haven currencies like the US dollar, Japanese yen, and Swiss franc. Near-term, GBP/USD traders should monitor oil price developments closely, as sustained energy price increases could stoke UK inflation concerns while simultaneously dampening growth prospects, creating a stagflationary headwind for the pound.
GBPUSD
GBPJPY
GBPCHF
Sentiment:
Very Negative
Source: Marketaux
European markets experienced significant cross-asset volatility as the US-Iran conflict escalation drove sharp moves across commodities and currencies. Brent crude and European natural gas prices surged as geopolitical tensions intensified following Iran's retaliation after the South Pars gas field attack, with reports suggesting the US is exploring government insurance options to escort ships through the Strait of Hormuz. The Swiss National Bank held its key policy rate unchanged at 0% at its March meeting, keeping USD/CHF in focus as traders assess divergent monetary policy paths. Gold, traditionally a safe-haven asset, paradoxically plunged to new lows as hawkish repricing in interest rate expectations dominated, with the Fed reportedly considering a rate hike amid the geopolitical turmoil. Silver dropped over 5%, with technical charts suggesting further downside risk. The hawkish shift in rate expectations is strengthening the US dollar broadly, pressuring commodity-linked currencies such as AUD and CAD. Traders should monitor Strait of Hormuz developments closely, as any disruption to oil flows could trigger further volatility in energy-sensitive pairs like USD/CAD and USD/NOK, while the SNB's dovish hold may weigh on CHF crosses near-term.
USDCHF
USDCAD
USDNOK
XAUUSD
XAGUSD
Sentiment:
Negative
Source: Finnhub
GBP/USD and the DAX index are among the key trades to watch as markets navigate a volatile session shaped by central bank meetings and energy market turmoil. The British pound faces a critical test with the Bank of England rate decision imminent, where traders are assessing whether the BOE will maintain its cautious stance on rate cuts amid sticky UK inflation and slowing economic growth. GBP/USD has been trading in a tight range as positioning ahead of the decision keeps volatility compressed, with a breakout expected once the BOE delivers its verdict and forward guidance. Meanwhile, the DAX is under significant pressure as European equities slump on energy supply fears following the Saudi refinery drone strike, which has pushed crude oil prices sharply higher and raised concerns about imported inflation across the Eurozone. For GBP/USD, traders should monitor post-BOE price action for directional cues, with risk sentiment and energy prices acting as additional catalysts for near-term moves.
GBPUSD
Sentiment:
Neutral
Source: Marketaux
The forex market is being shaped by a powerful convergence of central bank policy and energy market disruption, with EUR/USD and USD/JPY as the primary battlegrounds. Crude oil's sharp rally following the Saudi refinery drone strike has rewritten the macro narrative heading into the ECB and BOE meetings, as surging energy costs threaten to reignite inflation while simultaneously undermining growth prospects across developed economies. The US Dollar Index Futures are reflecting mixed positioning as traders weigh the inflationary impulse from higher oil—which could keep the Fed hawkish—against the risk-off tone favoring safe-haven flows into the dollar and yen. EUR/USD is caught between ECB hawkishness on inflation and deteriorating Eurozone growth expectations, while USD/JPY is testing key levels as the yen struggles to benefit from traditional safe-haven demand amid BOJ policy constraints. WTI crude's trajectory has become the dominant variable for FX markets, with further supply disruptions likely to amplify volatility across rate-sensitive currency pairs. Traders should prioritize risk management given the elevated uncertainty.
EURUSD
USDJPY
Sentiment:
Negative
Source: Marketaux
Major currency pairs are increasingly being influenced by oil price dynamics as central banks across developed economies adopt a cautious, wait-and-see approach to monetary policy, effectively leaving energy markets as the dominant driver of foreign exchange flows. EUR/USD, USD/JPY, EUR/GBP, and EUR/CHF are all responding to shifting oil price expectations, with commodity-sensitive currencies seeing outsized moves. Central bank inaction—characterized as 'ducking' major policy shifts—has created a vacuum in which crude oil fluctuations are transmitting more directly into currency valuations. The euro is trading with mixed signals across its major crosses, with EUR/GBP and EUR/CHF reflecting divergent European economic dynamics. USD/JPY remains sensitive to both energy import costs for Japan and broader risk sentiment. Traders should monitor crude oil inventories and OPEC commentary as near-term catalysts, as these factors are likely to exert greater influence on FX direction than central bank rhetoric in the current environment. Key support and resistance levels across these pairs may be tested if oil breaks out of its recent range.
EURUSD
USDJPY
EURGBP
EURCHF
Sentiment:
Neutral
Source: Marketaux
Energy markets are in turmoil after a drone strike hit the Samref refinery in Yanbu, Saudi Arabia—a critical joint venture between Saudi Aramco and ExxonMobil—triggering a sharp rally in crude oil prices and sending shockwaves through European financial markets. The attack has raised serious concerns about energy supply security in the Middle East, pushing WTI and Brent crude significantly higher and reigniting fears of sustained energy-driven inflation across the global economy. European markets have slumped in response, with risk-off sentiment dominating as traders reassess the macro outlook amid heightened geopolitical risk. For forex markets, the implications are substantial: commodity-linked currencies such as CAD and NOK may find support from higher oil, while energy-importing economies—particularly in the Eurozone and Japan—face headwinds from rising input costs that could complicate central bank rate decisions. The US dollar is benefiting from safe-haven demand, adding pressure to EUR/USD and GBP/USD. Traders should brace for elevated volatility as geopolitical developments remain fluid and energy supply risks persist.
EURUSD
GBPUSD
USDJPY
USDCAD
Sentiment:
Very Negative
Source: Marketaux
Multiple central bank decisions dominate today's European session, with the SNB, BoE, and BOJ all expected to maintain current policy settings. The Swiss National Bank is anticipated to hold rates at 0.0%, with market attention focused on potential currency intervention signals after EUR/CHF declined sharply to the 0.90 level amid escalating US-Iran geopolitical tensions. The Bank of England is projected to keep the Bank Rate at 3.75% with a 7-2 vote split, maintaining an easing bias while adopting a cautious "wait and see" stance on future cuts. Meanwhile, the Bank of Japan held its benchmark rate at 0.75% in an 8-1 decision, reflecting caution amid Middle East conflict uncertainty. For EUR/CHF traders, the 0.90 psychological support level remains critical, with any SNB intervention rhetoric likely to trigger a short-covering rally. GBP/USD traders should monitor the BoE's forward guidance closely, as dovish dissent could weigh on sterling. The convergence of three major central bank events creates elevated volatility conditions across multiple pairs.
EURCHF
GBPUSD
USDJPY
USDCHF
Sentiment:
Neutral
Source: Finnhub
USD/JPY continues to push higher as the Japanese yen shrugs off verbal intervention from Japanese officials, with the pair maintaining upside pressure as the Bank of Japan faces mounting scrutiny over its ultra-loose monetary policy stance. Despite repeated jawboning efforts aimed at curbing yen weakness, the currency has failed to gain meaningful traction as the wide interest rate differential between the US and Japan continues to favor carry trades and dollar strength. The surge in crude oil prices following the Saudi refinery drone strike adds further strain on the yen, as Japan's heavy reliance on energy imports means higher oil prices directly worsen the country's trade balance and current account outlook. Pressure is building on the BOJ to signal a more hawkish shift, but market participants remain skeptical that any near-term policy adjustment will materialize. Technically, USD/JPY is testing resistance levels that, if broken, could open the door to further gains. Support sits at recent consolidation lows. Traders should remain alert to any escalation in intervention rhetoric or surprise BOJ policy signals.
USDJPY
Sentiment:
Positive
Source: Marketaux
AUD/USD remains under pressure as a global energy price surge dominates market sentiment, overshadowing a mixed Australian employment report. The Australian jobs data delivered conflicting signals, failing to provide clear direction for the pair, with traders instead fixating on rapidly rising crude oil prices driven by escalating Middle East tensions between Iran and Israel. The energy price spike presents a complex dynamic for the Australian dollar: while Australia is a net energy exporter, the broader risk-off sentiment triggered by geopolitical instability tends to weigh on commodity-linked currencies like the Aussie. The US Dollar Index has strengthened on safe-haven demand, adding further headwinds for AUD/USD. With market focus firmly on the energy crisis, upcoming Australian economic releases may have diminished impact unless they deliver significant surprises. Traders should watch for potential intervention rhetoric from the Reserve Bank of Australia if the currency weakens further, while key support levels will be tested if oil prices continue their upward trajectory and risk aversion intensifies across global markets.
AUDUSD
Sentiment:
Negative
Source: Marketaux
The Bank of Japan held its benchmark interest rate unchanged at 0.75% on Thursday following an 8-1 policy board vote, keeping USD/JPY in a consolidation phase as geopolitical risks from the ongoing Middle East conflict temper expectations for further tightening. The near-unanimous decision signals that BOJ policymakers remain cautious about the global economic outlook, particularly as US-Iran tensions inject uncertainty into trade flows and risk appetite. The lone dissenter likely favored a more hawkish stance, reflecting Japan's persistent inflationary pressures and wage growth momentum seen in recent spring labor negotiations. For USD/JPY, the BOJ's hold removes a potential catalyst for yen strength in the near term, with traders now turning attention to US economic data and Federal Reserve commentary for directional cues. Key support sits near the 148.00 level, while resistance around 150.50 could cap upside moves. The geopolitical backdrop continues to support safe-haven yen demand, creating a tug-of-war between BOJ policy divergence and risk-off flows.
USDJPY
Sentiment:
Neutral
Source: Marketaux
USD/JPY has surged to fresh 2026 highs following the FOMC rate decision, driven by rising US Treasury yields and a hawkish tilt from Fed Chair Jerome Powell. Powell's post-meeting commentary leaned mildly hawkish, with key signals including his refusal to commit to rate cuts without clear inflation progress, a dot plot shift indicating fewer projected cuts for 2026, and an explicit unwillingness to prioritize employment concerns over inflation control. These remarks reinforced expectations that the Federal Reserve will maintain its restrictive stance longer than markets had previously anticipated, pushing US yields higher and strengthening the dollar broadly. The pair is now trading near the critical 159.45 resistance zone, with a potential extension toward the 161.95 level if bullish momentum persists. Support is established around the 157.50–158.00 area. Traders should monitor upcoming US inflation data and Japanese economic releases for further directional cues. The widening US-Japan yield differential remains the dominant driver, favoring continued USD/JPY upside in the near term.
USDJPY
Sentiment:
Very Positive
Source: Finnhub
The Bank of Japan is widely expected to hold its benchmark interest rate unchanged at 0.75% at its upcoming meeting, as policymakers navigate a delicate balance between rising inflationary pressures and slowing economic growth. Higher oil prices stemming from the US-Iran conflict in 2026 have added stagflationary headwinds to Japan's economy, weighing on consumer confidence and complicating the BoJ's normalization path. While inflation remains elevated, the deteriorating growth outlook limits the central bank's ability to pursue further tightening. USD/JPY is trading near key technical levels, with resistance identified at 159.45 and an extended target at 161.95 should dollar strength persist. Support is seen around the 157.00–158.00 zone. The pair's trajectory remains heavily influenced by the US-Japan interest rate differential, which continues to favor the dollar. Traders should watch for any shift in BoJ forward guidance or commentary on intervention thresholds, as Japanese authorities have historically stepped in near the 160.00 level to curb excessive yen weakness.
USDJPY
Sentiment:
Positive
Source: Marketaux
