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NZDUSD (4HR)
On the other hand, the New Zealand dollar slipped 0.1% to $0.5825 after a 0.8% drop on Friday trimmed its weekly gain to about 1%. NZDUSD continues to trade within a broader downward trend. However, the pair has begun to stabilize, holding above a key support zone after multiple tests.
Focus now turns to a speech by Anna Breman, as markets have sharply repriced expectations toward nearly 90 basis points of tightening this year, despite the Reserve Bank of New Zealand previously signaling that even one rate hike was not yet certain
Support is holding near 0.5775 and resistance around 0.5880
AUDUSD (4HR)
After the early morning news.. AUDUSD saw brief volatility but ultimately returned to its prior trend. The pair remains under downward pressure within a short-term bearish move. However, key support levels are still holding. A stronger push lower is needed to break these supports and confirm further downside.
Supports and resistance can be seen at 0.6945 and 0.7050
Investors are now focused on the upcoming Wednesday inflation data
A must read article after another headline driven day
News Algos in Trading: Why Markets Suddenly Spike During Geopolitical Crises
Anyone trading during the current geopolitical crisis has likely noticed sudden spikes and dips appearing out of nowhere, leaving traders asking the same question: What’s the news?
As traders know all too well, it is often the reaction to the news rather than the news itself that matters most. Sometimes the market’s response is logical. Other times it seems completely irrational. When that happens, traders can feel like they are the only sane person in an insane asylum.
News Algos in Trading: Why Markets Suddenly Spike During Geopolitical Crises
NAS100 (NASDAQ) UPDATE
- Similar to US500, to make the strong rebound off 23561 (high 24550) more than a relief rally, moves above 24550 and 24986 would be needed.
- On the downside, needs to hold above 24000 to keep 23562 from being exposed.
- Using XBRUSD $100 as a risk on/off indicator, watch the reaction to news and how Brent trades vs this pivotal level.
NAS100 4 HOUR CHART
US500 (SP500) UPDATE
- For the strong bounce off 6435 (high 6697) to be more than a relief rally, a firm move above 6697 and 6761 would be needed.
- No obvious supports given the straight line up so expect 6500-6600 to act like a no man’s land, needing to hold above the bottom end to contain the downside.
US500 4 HOUR CHART
Markets seems to be trading on hope
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Gold Slides as Correction From Record Highs Continues
Liquidation in gold futures has picked up since the start of the conflict in Iran, making it now 18% that gold has fallen since setting an all-time record of $5,354.80 a troy ounce in late January, according to data from FactSet.
Gold is down 4.7% to roughly $4,360/oz Monday.
U.S. Stocks Rebounding As Trump Backs Down On Threats To Attack Iran’s Power Plants
Stocks have moved sharply higher during trading on Monday, regaining ground following the nosedive seen over the past few sessions.
Currently, the major averages are off their highs of the session but still posting strong gains. The Dow is up 958.28 points or 2.1 percent at 46,535.75, the Nasdaq is up 452.21 points or 2.1 percent at 22,099.82 and the S&P 500 is up 125.19 points or 1.9 percent at 6,631.67.
Dow Jones Industrial Index
Why are Bitcoin, Ethereum and XRP Prices Rallying Today?
Bitcoin surged past $71,000, Ethereum climbed 5% and XRP jumped 3.4% on Sunday as news that the United States and Iran had held direct talks toward a full resolution of Middle East hostilities sent shockwaves through global markets and triggered one of crypto’s strongest single-day rallies in months.
The total crypto market cap jumped 3.64% to $2.45 trillion, adding roughly $85 billion in value within hours of President Trump confirming the talks had taken place.
March 23 Pre-Market Earnings Release Stocks
(LAR) Lithium Argentina’s Cauchari-Olaroz achieved record production and low costs in 2025, with significant cash flow and a strengthened balance sheet. The stock was ahead 8.9% at $6.29, widening the advance so far this year to 11%.
(WRD) Record 2025 revenue grew 90% year-over-year, driven by the expansion of Robotaxi and Robobus services, alongside strong international growth and improving margins. Following the start of trading, shares were highly volatile, experiencing a swing of about 12% and eventually settling at around $6.34
EURUSD Daily Chart
A picture is worth a thousand words…
1.16500 represents an important resistence – if holds , next move will be sharply down.
However, if taken out of the picture 1.16750 might stop the run short, but in such a case we can expect forming of the bottom and slowly starting Up trend.
For that scenario to develops , not only that it is necessary to go through 1.16500, but Support at 1.15150 must hold.
Close tonight above 1.15650 would be very Bullish.
US EQUITY OPEN: Stocks rally and oil tumbles as Trump halts attacks on key Iran infrastructure following talks with Iran
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US EQUITY OPEN: Stocks rally and oil tumbles as Trump halts attacks on key Iran infrastructure following talks with Iran
(right click to open any image or chart full screen in a new tab)
Given the history of US-Iran talks, you can’t blame some who are skeptical but for now there are relief rallies…. “if they carry through”
FX option expiries for 23 March 10am New York cut
EUR/USD at the 1.1600 mark but it likely won’t factor much into play. That as the broader market sentiment right now is more focused on inflation fears as the Middle East conflict looks set to drag on further.
US president Trump delivered a 48-hour ultimatum to Iran, calling for the reopening of the Strait of Hormuz. That deadline will end later today but so far, Iran has not shown any signs of relenting.
European session : Big swings as Trump delays strikes, Iran denies talks
WTI crude oil down 5% to $92.97 currently, after falling from $100 to $84 on the headlines
US 10-year Treasury yields down 1 bps to 4.38% currently, after falling from 4.44% to 4.31%
S&P 500 futures rebound strongly to be up 1.3% on the day, was as low as down 1% earlier
European stocks turn losses to gains, DAX down 2% at the start of the day but is now up 1.1%
EUR/USD moves up from 1.1490 to 1.1615 before falling back to 1.1560 now
AUD/USD jumps from 0.6920 to 0.7045 before falling back to 0.6985 now
Gold jumps from low of $4,100 to $4,383 but still down 2% on the day
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