1️⃣ Weekly Introduction
Welcome to the FundYourFX Weekly Market Overview — your trusted source for professional insights across forex, indices, crypto, and commodities.This past week, global markets were influenced by escalating trade tensions, significant currency movements, and notable shifts in commodity prices As we approach the third week of March, traders should brace for continued volatility amid ongoing geopolitical developments and key economic data releases.
2️⃣ Asset Highlights
🔹 EUR/USD – Euro Weakens Amid Trade Tensions
Last Week Recap: The EUR/USD forex market analysis pair declined from 1.0915 on March 11 to 1.0830 on March 13, 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, which raised concerns about the Eurozone’s economic stability.
Technical & Fundamental Outlook:
- *Support Levels: 1.0800, 1.070
- *Resistance Levels: 1.0900, 1.090
- *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 the 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 $2,993.80 per ounce before settling around $2,984.2. 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, $2900
- Resistance Levels $3,000, $3050
- 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, signaling a shift in stock market trends due to ongoing geopolitical concerns. closing 10% below its February 19th. The index fell by 1.39% on March 13, marking a significant downturn influenced by escalating trade tensions following President Trump’s latest tariff threats targeting European beverage imports. citeturn0news22
Technical & Fundamental Outlook:
- Support Levels: 5,500,5,450
- Resistance Levels: 5,600,5,650
- RI: 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 Reap:
Bitcoin experienced a significant drop, falling below $80,000 for the first time in months, reaching a low of $7,58. 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 Outlok:
- 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.
🔹 Crude Oil (WTI) – Prices Decline Amid Demand Concerns
Last Week Recap:
A deeper look into commodity market trends shows WTI crude oil declining amid demand concerns, while gold remains strong as a safe-haven asset., with futures settling at $67.29 per barrel on March 13, 2025. This decrease was attributed to concerns over global demand, especially in light of weaker economic data from major economies. Additionally, discussions about potential increases in supply from key producers added to the downward pressure.
Technical & Fundamental Outlook:
- Support Levels: $66, $64
- Resistance Levels: $70, $72
- RSI: Near 45, indicating slight bearish momentum
- 50-day MA: Around $69, acting as a resistance point
🔍 Upcoming Week Outlook:
- Market participants will keep an eye on the upcoming EIA Crude Oil Inventories report for insights into supply levels.
- Economic indicators from major economies, particularly related to industrial activity, will influence demand expectations.
- A break below $66 could lead to further declines, while stabilization above this level might suggest a potential rebound.
