Daily Global Market Update – 24th March, 2025

Global markets are experiencing mixed movements as the US dollar weakens, commodities remain volatile, and investors assess risk sentiment. Gold has pulled back after briefly surpassing $3,000, while oil prices continue to climb amid supply concerns. The NZD/USD pair is facing key resistance, and the dollar index appears vulnerable to further declines.
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Dollar Weakens Further as Market Sentiment Shifts

The US Dollar Index (DXY) has fallen below 104.00, signaling potential further downside. A combination of softer economic data, shifting risk sentiment, and global trade concerns is putting pressure on the greenback. Investors are closely monitoring upcoming data releases for signs of economic resilience.

Gold Struggles to Hold Above $3,000

After briefly touching record highs above $3,000, gold prices have pulled back as risk appetite improves. While safe-haven demand remains a key driver, investors are watching for any shifts in the Federal Reserve’s policy stance that could impact the metal’s outlook.

NZD/USD Faces Key Resistance at 0.5750

The New Zealand dollar is attempting to push higher but faces strong resistance near the 0.5750 level, which aligns with its nine-day EMA. A successful breakout could open the door for further gains, but sellers remain active at this level.

Crude Oil Gains Amid Supply Concerns

WTI crude oil prices continue to rise, supported by strong US demand and geopolitical tensions. With supply risks remaining in focus, oil traders are eyeing further upside, though potential demand slowdowns in major economies could limit gains.

Broader Market Context

Markets remain sensitive to shifting economic data, central bank policies, and geopolitical developments. Equity markets are showing mixed performance as investors weigh inflation trends and interest rate expectations. Commodities are experiencing volatility, driven by supply chain concerns and shifting global demand. Meanwhile, forex markets are responding to central bank signals and broader risk sentiment. As uncertainty persists, investors continue to seek clarity on growth prospects and potential monetary policy shifts.

Moneta Markets
Tipe: STP, ECN
Regulasi: FCA (UK), FSA (Seychelles), FSCA (South Africa)
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