EURGBP UPDATE
EURUSD and GBPUSD moving in opposite directions (EURUSD bouncing from 1.15 while GBPUSD slipped below 1.33) suggests real money buy order in EURGBP.
EURGBP
EURGBP 4 HOUR CHART

US PRE-MARKET MOVERS: AZN, CIBR, U, AGX, TRIP
ES -0.4% NQ -0.6% RTY -0.6%
NAS100 (NASDAQ) UPDATE
Big picture:
NAS100 WEEKLY CHART

XBRUSD (BRFENT OIL) UPDATE
XBRUSD 4 HOUR CHART

Forex Market Snapshot
There seems little choice but to trade defensively ahead of the week end, month/quarter end on Tuesday and a holiday shortened week ahead of the Easter break in what remains a headline (and oil) driven market.
This has seen firmer oil set a modest risk off tone and the dollar trade mixed to a touch firmer (except vs a lagging AUD and NZD).

Old news, new news … ??
WSJ – Live March 27, 2026 at 12:31am ET
Pentagon Weighs Sending 10,000 More Ground Troops to the Middle East
…”The additional forces would likely include infantry and armored vehicles, supplementing approximately 5,000 Marines and paratroopers from the 82nd Airborne Division already deployed. These troops would join over 50,000 U.S. service members currently stationed across the region as part of Operation Epic Fury. While exact locations remain unclear, the new forces are expected to be positioned within striking distance of Iran and Kharg Island, a key Iranian oil export hub.” …/.
For perspective
New York Times – By Helene Cooper, Eric Schmitt
Iran’s Attacks Force U.S. Troops to Work Remotely
Iran has severely damaged several American military bases in the Middle East, officials say.
…”So now much of the land-based military is, in essence, fighting the war while working remotely, with the exception of fighter pilots and crews operating and maintaining warplanes and conducting strikes.
Iran’s Islamic Revolutionary Guards Corps has urged people to report these new locations as it hunts for the dispersed troops.” … . … There were close to 40,000 U.S. troops in the region when the war started, and Central Command has dispersed thousands of them, some to as far away as Europe, American military officials said. But many have remained in the Middle East, although not on their original bases, military officials said.
The result, according to current and former military officials, is a war that is much harder to prosecute. …/..
Nvidia Corporation stocks – NVDA
Nvidia just above 171.00 – very important support that separates it from entering lower channel with lower level at 99.75
There are many support levels of course, like 153.00, but strong Bullish sentiment would be lost and we are talking months if not years for Nvidia to return to current levels.

NZDUSD (1HR)
The kiwi dollar is under bearish pressure and is continuing to trend downwards through all major moving averages and in an overall descending pattern. Price has clearly broken through a major support area and is only experiencing a weak retrace on the downside.
Immediate support and resistance at 0.5750 and 0.5820

AUDUSD (1HR)
The Australian dollar has confirmed a stronger bearish move on the 1H chart after breaking below the key 0.6900 support zone. Price is now trading beneath all major moving averages and remains capped by a descending trendline, indicating sustained downside pressure.
Supports and resistance can be seen at 0.6850 and 0.6950.

US500 (SP500) UPDATE
US500 1 HOUR CHART

TREASURY WRAP: T-NOTE FUTURES (M6) SETTLE 23 TICKS LOWER AT 110-05+
Analysis Details: T-notes lower as geopolitical uncertainty keeps oil prices higher, seeing participants add to Fed rate hike bets. At settlement, 2-year +10.7bps at 3.994%, 3-year +11.8bps at 4.001%, 5-year +12.6bps at 4.103%, 7-year +10.9bps at 4.260%, 10-year +9.2bps at 4.424%, 20-year +5.9bps at 4.974%, 30-year +3.4bps at 4.936%….
: See full report…Try Newsuawk free for 7 days
Higher US bond yields supporting the USD and weighing on stocks

© 2024 Global View
