EURUSD and GBPUSD bounced back from three-week lows, while USDJPY showed slight losses.
Gold pulled back from support, Crude Oil lost momentum, and EURUSD, GBPUSD, and USDJPY saw pressure.
Relief over the US reciprocal tariffs, optimism about the Ukraine-Russia ceasefire, and mixed PMI data led to a positive start for the week.
USDJPY defies the trend, rising for a third straight day, while the Antipodean currencies are mixed.
Risk sentiment soured on Thursday as US President Trump’s optimism over the US-Ukraine minerals deal.
Market sentiment is cautiously optimistic on Thursday, after the US Fed kept rates steady and hinted at two rate cuts in 2025.
On Tuesday, market sentiment remained cautious, with traders focused on tariff concerns and discussing President Trump’s influence over US agencies.
Market sentiment weakened on Tuesday as traders reconsidered the risk-positive news surrounding the Ukraine-Russia ceasefire deal.
EURUSD and GBPUSD hit multi-month highs, while USDJPY defied the trend, rebounding from a five-month low.
Markets saw heavy volatility on Thursday as mixed news on the Ukraine-Russia ceasefire and trade war fears shook investors.
Financial markets gained traction on Wednesday, supported by cooler US inflation, easing recession fears, and progress in Russia-Ukraine peace talks.
Markets remain volatile, driven by news about US tariffs, and tensions with Iran, which keep momentum traders on edge.
Market liquidity was low on Monday due to a light calendar and mixed risk news, despite heavy selling in equities.
