Posted at 06 April 2026 / Categories Market Roundups
Market Roundup
•Trump threatens "hell" for Tehran if Strait of Hormuz not reopened
•Many Asian, European countries closed for holiday
• Spanish Unemployment Change (Mar)-22.9K ,10.3K forecast,3.6K previous
Looking Ahead Economic Data (GMT)
•No Data Ahead
Looking Ahead Events And Other Releases (GMT)
•No Events Ahead
Currency Forecast
EUR/USD : The euro edged higher against dollar on Monday as nervous investors took stock of the escalating Iran war, with all eyes on the latest deadline from U.S. President Donald Trump to reopen the Straitof Hormuz.In an expletive-laden Easter Sunday social media post, Trump threatened to target Iran's power plants and bridges on Tuesday if the strategic waterway is not reopened, setting a precise deadline of 8 p.m. Tuesday Eastern Time (0000 GMT).With most of Asia and Europe closed for holiday on Monday, liquidity is likely to be thin, with investor focus on the possibility of a ceasefire after a media report suggested a last-ditch push from negotiators was underway.The euro was at$1.1523. Immediate resistance can be seen at 1.1560(38.2%fib), an upside break can trigger rise towards 1.1629 (April 1st high).On the downside, immediate support is seen at 1.1417(SMA 20), a break below could take the pair towards 1.1401(Lower BB).
GBP/USD: The British pound edged higher against the dollar on Monday as investors remained cautious amid escalating tensions in the Iran conflict. U.S. President Donald Trump warned of severe consequences if Tehran fails to reach a deal and reopen the Strait of Hormuz by Tuesday, while recent U.S. intelligence assessments suggest Iran is unlikely to restore access anytime soon.The surge in crude prices has heightened concerns over inflationary pressures. Although gold is traditionally viewed as an inflation hedge, elevated interest rates continue to weigh on demand for the non-yielding asset.Meanwhile, data released on Friday showed U.S. nonfarm payrolls rose by 178,000 in March—the strongest increase since December 2024—while the unemployment rate eased to 4.3%.As a result, traders have largely priced out the possibility of a Federal Reserve rate cut this year. Prior to the onset of the Iran conflict, markets had been expecting up to two rate reductions in 2026.. Immediate resistance can be seen at 1.3236(SMA 20), an upside break can trigger rise towards 1.3399(50%fib).On the downside, immediate support is seen at 1.3228(38.2%fib ), a break below could take the pair towards 1.3156(Lower BB).
AUD/USD: The Australian dollar edged higher but gains were limited on Monday as nervous investors took stock of the escalating Iran war. Investor sentiment continues to swing sharply amid escalating rhetoric from Donald Trump, who has threatened harsh action if Tehran does not reach an agreement and reopen the Strait of Hormuz by Tuesday. Brent oil prices climbed as the U.S.-Israeli war with Iran continued to disrupt global energy supplies.Rising crude prices are fuelling inflation concerns, with markets pricing in the possibility of another rate hike in May, supported by strong oil and a tight labor market.Economists project that the Reserve Bank of Australia will implement three additional rate hikes in 2026, bringing the cash rate to 4.85%—its highest point since November 2008. Immediate resistance can be seen at 0.6921(50%fib), an upside break can trigger rise towards 0.6996(SMA 20).On the downside, immediate support is seen at 0.6871(Daily low), a break below could take the pair towards 0.6799(61.8%fib).
USD/JPY: The U.S. dollar traded in narrow range against yen as traders remained alert for signs of potential intervention by Tokyo following strong warnings from officials in recent days.Japanese Finance Minister Satsuki Katayama warned on Friday that authorities stand ready to act against speculative moves in currency markets, noting that volatility has increased “significantly.”."Scepticism remains over intervention impact, as geopolitical tensions boost safe-haven dollar demand, leaving the yen down 1.5% and pinned near 160.Speculators have continued to build short yen positions, with the latest weekly data showing net shorts at $5.7 billion. Immediate resistance can be seen at 159.82(Daily high) an upside break can trigger rise towards 160.00(Psychological level) .On the downside, immediate support is seen at 158.99(SMA20) a break below could take the pair towards 158.08(38.2%fib).
Equities Recap
Asia were mixed in holiday-thinned trading on Monday as investors grappled with a flurry of conflicting headlines around the war in the Middle East that continues to threaten inflation and economic outlooks..
Japan’s Nikkei 225 was up by 0.49% , Hang Seng was down at 0.70 %, China A50 was down at 0.90%
Commodities Recap
Oil climbed on Monday as Donald Trump’s ultimatum to Iran rattled markets, with ceasefire reports offering some relief.
Brent crude futures opened higher before paring gains, rising 1.2% to $110.29 a barrel on the potential ?supply disruption.
Gold prices fell on Monday, weighed down by a stronger dollar as elevated oil prices and robust U.S. jobs data reduced expectations for Federal Reserve rate cuts.
Spot gold ?slipped 0.5% to $4,652.89 per ounce by 0452 GMT, while U.S. gold futures ?for April delivery held steady at $4,678.70 in thin trade, with many ?markets in Asia and Europe closed for a holiday.