FundYourFX Weekly Market Overview (March 24 – March 28, 2025)

Weekly Introduction

Welcome to the FundYourFX Weekly Market Overview — your trusted source for professional insights across forex, indices, cryptocurrencies, and commodities. This past week, global markets experienced significant volatility due to escalating trade tensions, central bank policy decisions, and notable shifts in commodity prices. As we approach the final week of March, traders should prepare for continued fluctuations amid ongoing geopolitical developments and key economic data releases.

Asset Highlights

EUR/USD – Euro Weakens Amid Trade Tensions

Last Week Recap:

The EUR/USD pair declined from 1.0915 on March 17 to 1.0830 on March 21, reflecting a weakening euro against the U.S. dollar. This movement was influenced by escalating trade tensions, particularly President Trump’s announcement of high tariffs on European alcohol products, raising concerns about the Eurozone’s economic stability.

Technical & Fundamental Outlook:

• Support Levels: 1.0800, 1.0750
• Resistance Levels: 1.0900, 1.0950
• RSI: Approaching 40 (indicating potential bearish momentum)
• MACD: Showing signs of downward momentum

Upcoming Week Outlook:

• Investors will monitor the release of the Eurozone Harmonized CPI and Eurozone Unemployment Rate for further insights into economic sentiment.
• Any developments regarding U.S.-EU trade relations could impact the pair’s movement.
• A sustained break below 1.0800 may open the door to further losses, while a move above 1.0900 could signal a potential rebound.

Gold (XAU/USD) – Safe-Haven Demand Amid Market Uncertainty

Last Week Recap:

Gold prices experienced volatility, initially rising to a record high of $3,000.00 per ounce before settling around $2,984.29. The initial surge was driven by increased safe-haven demand amid geopolitical tensions and concerns over global economic growth. However, profit-taking and a slight rebound in risk appetite led to a minor pullback.

Technical & Fundamental Outlook:

• Support Levels: $2,950, $2,900
• Resistance Levels: $3,000, $3,050
• RSI: Near 70, suggesting overbought conditions
• 50-day MA: Positioned around $2,940, acting as a support level

Upcoming Week Outlook:

• Market participants will focus on geopolitical developments, particularly any updates on U.S. trade policies and global economic indicators.
• A break above $3,000 could pave the way for further gains, while a decline below $2,950 might indicate a potential correction.
• S&P 500 – Enters Correction Territory Amid Trade War Fears

Last Week Recap:

The S&P 500 officially entered correction territory, closing 10% below its February 19 high. The index fell by 1.39% on March 20, marking a significant downturn influenced by escalating trade tensions following President Trump’s latest tariff threats targeting European beverage imports.

Technical & Fundamental Outlook:

• Support Levels: 5,500, 5,450
• Resistance Levels: 5,600, 5,650
• RSI: Hovering around 40, indicating bearish momentum
• Momentum: Showing signs of slowing, suggesting potential consolidation

Upcoming Week Outlook:

• Investors will closely watch the release of the ISM Manufacturing PMI and US Nonfarm Payrolls for insights into economic trends.
• Ongoing corporate earnings reports will provide further clarity on the health of various sectors.
• A sustained move below 5,500 could signal a deeper correction, while resilience above this level may encourage bullish sentiment.
• Bitcoin (BTC/USD) – Significant Decline Amid Economic Jitters

Last Week Recap:

Bitcoin experienced a significant drop, falling below $80,000 for the first time in months, reaching a low of $78,858. This decline was driven by economic concerns, including President Trump’s proposed tariffs and rising inflation. The uncertainty led to a broader sell-off in the cryptocurrency market.

Technical & Fundamental Outlook:

• Support Levels: $75,000, $70,000
• Resistance Levels: $85,000, $90,000
• RSI: Approximately 30, suggesting oversold conditions
• Bollinger Bands: Widening, indicating increased volatility

Upcoming Week Outlook:

• Traders will monitor developments related to cryptocurrency regulations and any news regarding security enhancements in the crypto space.
• A decisive move above $85,000 could set the stage for a recovery, while a drop below $75,000 might lead to further declines.

 Absolutely! Here’s the High-Impact Forex News Calendar for the week of March 24 – March 28, 2025, in a clean table format (all times are in Israel Standard Time – UTC+2):

📅 High-Impact Forex News Calendar (March 24–28, 2025)