Daily Market outlook

Daily Market Outlook, 10th Of March, 2025

March 10, 2025
Seven Blog

 

DAILY FINANCIAL MARKET SUMMARY – MARCH 10, 2025

MARKETS REBOUND AMID TARIFF RELIEF AND ECONOMIC OPTIMISM

On Monday, March 10, 2025, U.S. financial markets experienced a notable rebound as investors reacted positively to President Donald Trump’s decision to delay the implementation of new tariffs on imports from Canada and Mexico by one month. This move alleviated immediate trade tensions and bolstered market sentiment.

📈 MAJOR INDICES PERFORMANCE

  • S&P 500: ⬆ 1.1%

  • Dow Jones Industrial Average: ⬆ 1.1% (~485 points)

  • Nasdaq Composite: ⬆ 1.5%

📊 KEY MARKET DRIVERS

🔥 FEDERAL RESERVE POLICY & INTEREST RATES

The Federal Reserve continues to monitor economic indicators closely. Recent mixed signals—a slowdown in hiring contrasted by unexpected growth in the services sector—have led to a cautious approach. Investors are eagerly awaiting upcoming speeches from Fed officials for insights into potential monetary policy adjustments.

⚖️ ECONOMIC INDICATORS & CONSUMER SENTIMENT

  • Services Sector Growth: Reports indicated unexpected growth, contributing to positive market sentiment.

💰 EARNINGS SEASON HIGHLIGHTS

  • 🚗 Ford Motor Co. (F): ⬆ 5% after the tariff delay announcement, easing concerns over increased costs.

  • 🚙 General Motors Co. (GM): ⬆ 5%, reflecting investor optimism amid reduced tariff threats.

🚀 SECTOR HIGHLIGHTS

  • Automotive: The biggest winner, benefiting significantly from the tariff delay.

  • Technology: Rebounded as investor confidence returned after a drop on March 7.

📈 BOND MARKET & INTEREST RATES

The 10-year U.S. Treasury yield edged lower to 4.12%, reflecting increased demand for safe-haven assets amid market uncertainty.

🏆 COMMODITIES & GLOBAL MARKETS

🌟 GOLD PRICES

  • SPDR Gold Shares ETF (GLD): ⬆ 0.9% at $271.45.

💢 CRUDE OIL PRICES

  • United States Oil Fund (USO): ⬆ 1.1% at $74.10 amid geopolitical tensions.

📌 MARKET SENTIMENT & OUTLOOK

Investor sentiment improved significantly due to the tariff delay and positive economic data. However, caution remains as markets await further developments in trade negotiations and upcoming economic reports.

🛢 WHAT’S NEXT?

📄 Key upcoming reports to watch:

  • 📃 ADP Private Payrolls Report

  • 📊 Weekly Jobless Claims Data

  • 🎤 Federal Reserve Chair Speech on Economic Outlook

📢 Traders should stay vigilant on macroeconomic developments, sector-specific trends, and evolving trade policies to navigate the market effectively. 🚀

 

DAILY MARKET ANALYSIS: EUR/USD – MARCH 10, 2025

EURO/USD TECHNICAL & FUNDAMENTAL OUTLOOK

📊 Key Technical Levels

Resistance Levels:

  • R3: 1.09426

  • R2: 1.09015

  • R1: 1.08761

Pivot Level: 1.08350

Support Levels:

  • S1: 1.07939

  • S2: 1.07685

  • S3: 1.07274

Trading above the pivot (1.08350) suggests bullish momentum, while dropping below S1 (1.07939) may indicate further downside.

🔍 Fundamental Analysis

ECB Monetary Policy:

The European Central Bank (ECB) is expected to cut interest rates by 25 basis points to 2.5% amid economic uncertainties and increased fiscal spending.

Eurozone Economic Indicators:

Inflation has eased to 2.4% in February, down from 2.5% in January, supporting the anticipated rate cut.

U.S. Economic Factors:

The U.S. dollar has weakened due to new tariffs on major trading partners and slowing economic growth in the U.S.

🛠️ Technical Analysis Tools

Fibonacci Retracement:

  • Implication: Trading above the pivot (1.08350) could lead to testing higher resistance levels (R1-R3). A break below S1 (1.07939) may intensify the move toward S2 and S3.

Bollinger Bands:

  • Setup: Price is near the middle band, indicating a neutral to slightly bullish trend.

  • Implication: A breakout above the upper band could confirm bullish momentum, while a move below the lower band might signal increased selling pressure.

Elliott Wave Analysis:

  • Insight: The pair appears to be in a corrective phase (Wave 4). Holding above the pivot could set the stage for a bullish Wave 5 targeting R1-R3. A break below S1 may indicate an extended bearish correction.

⚠️ Final Thoughts & Disclaimer

This analysis integrates technical and fundamental insights to provide a comprehensive EUR/USD outlook. Due to the volatile nature of forex trading, traders should implement robust risk management strategies and conduct independent research before making decisions.

Disclaimer: This analysis is for informational purposes only and does not constitute financial advice.

🚀 Stay informed and trade wisely!

 

DAILY MARKET ANALYSIS: GBP/USD – MARCH 10, 2025

GBP/USD TECHNICAL & FUNDAMENTAL OUTLOOK

📊 Key Technical Levels

Resistance Levels:

  • R3: 1.29828

  • R2: 1.29566

  • R1: 1.29404

Pivot Level: 1.29142

Support Levels:

  • S1: 1.28880

  • S2: 1.28718

  • S3: 1.28456

Trading above the pivot (1.29142) suggests bullish momentum, while dropping below S1 (1.28880) may indicate further downside.

🔍 Fundamental Analysis

Bank of England Monetary Policy:

The Bank of England (BoE) is expected to maintain interest rates at 4.25%, with policymakers closely watching inflation and labor market conditions.

UK Economic Indicators:

Recent data shows GDP growth at 0.2% in February, with inflation easing slightly to 3.1%, strengthening expectations of steady monetary policy.

U.S. Economic Factors:

The U.S. dollar has weakened due to new tariffs on major trading partners and slowing economic growth in the U.S.

🛠️ Technical Analysis Tools

Fibonacci Retracement:

  • Implication: Trading above the pivot (1.29142) could lead to testing higher resistance levels (R1-R3). A break below S1 (1.28880) may intensify the move toward S2 and S3.

Bollinger Bands:

  • Setup: Price is near the middle band, indicating a neutral to slightly bullish trend.

  • Implication: A breakout above the upper band could confirm bullish momentum, while a move below the lower band might signal increased selling pressure.

Elliott Wave Analysis:

  • Insight: The pair appears to be in a corrective phase (Wave 4). Holding above the pivot could set the stage for a bullish Wave 5 targeting R1-R3. A break below S1 may indicate an extended bearish correction.

⚠️ Final Thoughts & Disclaimer

This analysis integrates technical and fundamental insights to provide a comprehensive GBP/USD outlook. Due to the volatile nature of forex trading, traders should implement robust risk management strategies and conduct independent research before making decisions.

Disclaimer: This analysis is for informational purposes only and does not constitute financial advice.

🚀 Stay informed and trade wisely!

 

DAILY MARKET ANALYSIS: USD/JPY – MARCH 10, 2025

USD/JPY TECHNICAL & FUNDAMENTAL OUTLOOK

📊 Key Technical Levels

Resistance Levels:

  • R3: 148.989

  • R2: 148.507

  • R1: 148.209

Pivot Level: 147.727

Support Levels:

  • S1: 147.245

  • S2: 146.947

  • S3: 146.465

Trading above the pivot (147.727) suggests bullish momentum, while dropping below S1 (147.245) may indicate further downside.

🔍 Fundamental Analysis

Bank of Japan Monetary Policy:

The Bank of Japan (BoJ) remains committed to its ultra-loose monetary policy, keeping interest rates at -0.1% as inflation moderates.

Japan Economic Indicators:

  • Inflation eased to 2.8% in February, down from 3.0% in January, reducing the urgency for any immediate policy shift.

  • Japan’s GDP growth remains stable at 0.5% for Q1 2025, supported by strong exports.

U.S. Economic Factors:

The U.S. dollar has weakened due to new tariffs on major trading partners and slowing economic growth in the U.S.

🛠️ Technical Analysis Tools

Fibonacci Retracement:

  • Implication: Trading above the pivot (147.727) could lead to testing higher resistance levels (R1-R3). A break below S1 (147.245) may intensify the move toward S2 and S3.

Bollinger Bands:

  • Setup: Price is near the middle band, indicating a neutral to slightly bullish trend.

  • Implication: A breakout above the upper band could confirm bullish momentum, while a move below the lower band might signal increased selling pressure.

Elliott Wave Analysis:

  • Insight: The pair appears to be in a corrective phase (Wave 4). Holding above the pivot could set the stage for a bullish Wave 5 targeting R1-R3. A break below S1 may indicate an extended bearish correction.

⚠️ Final Thoughts & Disclaimer

This analysis integrates technical and fundamental insights to provide a comprehensive USD/JPY outlook. Due to the volatile nature of forex trading, traders should implement robust risk management strategies and conduct independent research before making decisions.

Disclaimer: This analysis is for informational purposes only and does not constitute financial advice.

🚀 Stay informed and trade wisely!

DAILY MARKET ANALYSIS: AUD/USD – MARCH 10, 2025

AUD/USD TECHNICAL & FUNDAMENTAL OUTLOOK

📊 Key Technical Levels

Resistance Levels:

  • R3: 0.63643

  • R2: 0.63431

  • R1: 0.63300

Pivot Level: 0.63088

Support Levels:

  • S1: 0.62876

  • S2: 0.62745

  • S3: 0.62533

Trading above the pivot (0.63088) suggests bullish momentum, while dropping below S1 (0.62876) may indicate further downside.

🔍 Fundamental Analysis

Reserve Bank of Australia Monetary Policy:

The Reserve Bank of Australia (RBA) is expected to hold interest rates at 4.10%, as policymakers assess inflationary trends and economic growth stability.

Australia Economic Indicators:

  • Inflation has slightly cooled to 3.6% in February from 3.8% in January, reinforcing the RBA’s cautious stance on rate adjustments.

  • Australian GDP grew by 0.4% in Q1 2025, supported by strong commodity exports.

U.S. Economic Factors:

The U.S. dollar has weakened due to new tariffs on major trading partners and slowing economic growth in the U.S.

🛠️ Technical Analysis Tools

Fibonacci Retracement:

  • Implication: Trading above the pivot (0.63088) could lead to testing higher resistance levels (R1-R3). A break below S1 (0.62876) may intensify the move toward S2 and S3.

Bollinger Bands:

  • Setup: Price is near the middle band, indicating a neutral to slightly bullish trend.

  • Implication: A breakout above the upper band could confirm bullish momentum, while a move below the lower band might signal increased selling pressure.

Elliott Wave Analysis:

  • Insight: The pair appears to be in a corrective phase (Wave 4). Holding above the pivot could set the stage for a bullish Wave 5 targeting R1-R3. A break below S1 may indicate an extended bearish correction.

⚠️ Final Thoughts & Disclaimer

This analysis integrates technical and fundamental insights to provide a comprehensive AUD/USD outlook. Due to the volatile nature of forex trading, traders should implement robust risk management strategies and conduct independent research before making decisions.

Disclaimer: This analysis is for informational purposes only and does not constitute financial advice.

🚀 Stay informed and trade wisely!

DAILY MARKET ANALYSIS: CRUDE OIL – MARCH 10, 2025

CRUDE OIL TECHNICAL & FUNDAMENTAL OUTLOOK

📊 Key Technical Levels

Resistance Levels:

  • R3: 70.43

  • R2: 69.50

  • R1: 68.93

Pivot Level: 68.00

Support Levels:

  • S1: 67.07

  • S2: 66.50

  • S3: 65.57

Trading above the pivot (68.00) suggests bullish momentum, while dropping below S1 (67.07) may indicate further downside.

🔍 Fundamental Analysis

OPEC+ Production Policy:

OPEC+ has signaled that it may extend voluntary production cuts into the second quarter of 2025, supporting oil prices.

Global Demand Outlook:

  • Demand for crude remains stable, with China and India continuing to import at high levels despite economic uncertainties.

  • The International Energy Agency (IEA) has slightly revised its oil demand forecast for 2025 upward, citing recovery in industrial activity.

U.S. Economic Factors:

  • Rising U.S. crude inventories have put some downward pressure on oil prices.

  • The U.S. dollar has weakened due to new tariffs on major trading partners and slowing economic growth in the U.S.

🛠️ Technical Analysis Tools

Fibonacci Retracement:

  • Implication: Trading above the pivot (68.00) could lead to testing higher resistance levels (R1-R3). A break below S1 (67.07) may intensify the move toward S2 and S3.

Bollinger Bands:

  • Setup: Price is near the middle band, indicating a neutral to slightly bullish trend.

  • Implication: A breakout above the upper band could confirm bullish momentum, while a move below the lower band might signal increased selling pressure.

Elliott Wave Analysis:

  • Insight: The commodity appears to be in a corrective phase (Wave 4). Holding above the pivot could set the stage for a bullish Wave 5 targeting R1-R3. A break below S1 may indicate an extended bearish correction.

⚠️ Final Thoughts & Disclaimer

This analysis integrates technical and fundamental insights to provide a comprehensive Crude Oil outlook. Due to the volatile nature of commodities trading, traders should implement robust risk management strategies and conduct independent research before making decisions.

Disclaimer: This analysis is for informational purposes only and does not constitute financial advice.

🚀 Stay informed and trade wisely!

 

 

DAILY MARKET ANALYSIS: XAU/USD – MARCH 10, 2025

GOLD (XAU/USD) TECHNICAL & FUNDAMENTAL OUTLOOK

📊 Key Technical Levels

Resistance Levels:

  • R3: 2945.96

  • R2: 2933.12

  • R1: 2925.18

Pivot Level: 2912.33

Support Levels:

  • S1: 2899.49

  • S2: 2891.55

  • S3: 2878.70

Trading above the pivot (2912.33) suggests bullish momentum, while dropping below S1 (2899.49) may indicate further downside.

🔍 Fundamental Analysis

Federal Reserve Policy & Interest Rates:

The Federal Reserve remains cautious on interest rate adjustments, with market expectations of a potential rate cut in Q2 2025, supporting gold prices.

Global Economic Outlook:

  • Inflation concerns persist, driving increased demand for gold as a safe-haven asset.

  • Geopolitical tensions in key regions have further strengthened gold’s appeal.

U.S. Dollar & Market Sentiment:

  • The weakening U.S. dollar, due to trade uncertainties and slowing economic growth, has provided additional upside for gold prices.

  • Investors are closely monitoring upcoming economic data for further cues on Fed policy.

🛠️ Technical Analysis Tools

Fibonacci Retracement:

  • Implication: Trading above the pivot (2912.33) could lead to testing higher resistance levels (R1-R3). A break below S1 (2899.49) may intensify the move toward S2 and S3.

Bollinger Bands:

  • Setup: Price is near the upper band, indicating strong bullish momentum.

  • Implication: A breakout above R1 could confirm an extended bullish trend, while a pullback to the pivot or below may signal increased selling pressure.

Elliott Wave Analysis:

  • Insight: Gold appears to be in a bullish Wave 5 phase, suggesting continued upside potential unless price retraces below S1.

⚠️ Final Thoughts & Disclaimer

This analysis integrates technical and fundamental insights to provide a comprehensive XAU/USD outlook. Due to the volatile nature of commodities trading, traders should implement robust risk management strategies and conduct independent research before making decisions.

Disclaimer: This analysis is for informational purposes only and does not constitute financial advice.

🚀 Stay informed and trade wisely!

DAILY MARKET ANALYSIS: DOW JONES – MARCH 10, 2025

DOW JONES TECHNICAL & FUNDAMENTAL OUTLOOK

📊 Key Technical Levels

Resistance Levels:

  • R3: 43232.64

  • R2: 43007.67

  • R1: 42868.68

Pivot Level: 42643.71

Support Levels:

  • S1: 42418.74

  • S2: 42279.75

  • S3: 42054.78

Trading above the pivot (42643.71) suggests bullish momentum, while dropping below S1 (42418.74) may indicate further downside.

🔍 Fundamental Analysis

Federal Reserve Policy & Interest Rates:

The Federal Reserve remains cautious on interest rate adjustments, with market expectations of a potential rate cut in Q2 2025, influencing stock market sentiment.

U.S. Economic Indicators:

  • Recent job growth data has shown a slowdown, raising concerns about economic momentum.

  • Inflation remains slightly above target at 2.8%, keeping investors cautious about Fed policy shifts.

Global Market Sentiment:

  • Ongoing trade negotiations with China and the European Union are closely watched for potential market impact.

  • Increased institutional investments in large-cap stocks have helped support index stability.

🛠️ Technical Analysis Tools

Fibonacci Retracement:

  • Implication: Trading above the pivot (42643.71) could lead to testing higher resistance levels (R1-R3). A break below S1 (42418.74) may intensify the move toward S2 and S3.

Bollinger Bands:

  • Setup: Price is near the upper band, indicating strong bullish momentum.

  • Implication: A breakout above R1 could confirm an extended bullish trend, while a pullback to the pivot or below may signal increased selling pressure.

Elliott Wave Analysis:

  • Insight: The Dow Jones appears to be in a bullish Wave 5 phase, suggesting continued upside potential unless price retraces below S1.

⚠️ Final Thoughts & Disclaimer

This analysis integrates technical and fundamental insights to provide a comprehensive Dow Jones outlook. Due to the volatile nature of stock market trading, traders should implement robust risk management strategies and conduct independent research before making decisions.

Disclaimer: This analysis is for informational purposes only and does not constitute financial advice.

🚀 Stay informed and trade wisely!

DAILY MARKET ANALYSIS: BITCOIN – MARCH 10, 2025

BITCOIN (BTC/USD) TECHNICAL & FUNDAMENTAL OUTLOOK

📊 Key Technical Levels

Resistance Levels:

  • R3: 89180.53

  • R2: 87500.84

  • R1: 86463.13

Pivot Level: 84783.44

Support Levels:

  • S1: 83103.75

  • S2: 82066.04

  • S3: 80386.35

Trading above the pivot (84783.44) suggests bullish momentum, while dropping below S1 (83103.75) may indicate further downside.

🔍 Fundamental Analysis

Market Sentiment & Institutional Adoption:

  • Institutional interest in Bitcoin remains strong, with major asset managers increasing crypto holdings.

  • Spot Bitcoin ETFs have contributed to increased liquidity and price stability.

Macroeconomic Factors:

  • The weakening U.S. dollar has increased demand for Bitcoin as a hedge against inflation.

  • The Federal Reserve’s potential rate cuts in Q2 2025 may further support bullish momentum in digital assets.

Regulatory Developments:

  • Global regulatory clarity is improving, with more countries recognizing Bitcoin as a legitimate asset class.

  • The upcoming Bitcoin halving event is expected to reduce supply pressure, potentially driving prices higher.

🛠️ Technical Analysis Tools

Fibonacci Retracement:

  • Implication: Trading above the pivot (84783.44) could lead to testing higher resistance levels (R1-R3). A break below S1 (83103.75) may intensify the move toward S2 and S3.

Bollinger Bands:

  • Setup: Bitcoin price is trending near the upper band, indicating strong bullish momentum.

  • Implication: A breakout above R1 could confirm an extended bullish trend, while a drop to the pivot or below may signal potential consolidation or correction.

Elliott Wave Analysis:

  • Insight: Bitcoin appears to be in the final phase of a bullish Wave 3, with potential continuation toward R3 before a corrective move.

⚠️ Final Thoughts & Disclaimer

This analysis integrates technical and fundamental insights to provide a comprehensive Bitcoin (BTC/USD) outlook. Due to the volatile nature of cryptocurrencies, traders should implement robust risk management strategies and conduct independent research before making decisions.

Disclaimer: This analysis is for informational purposes only and does not constitute financial advice.

🚀 Stay informed and trade wisely!

————————————————————————————————————————————————————————————————————————————-

Notice: The data presented is derived from technical analysis and does not constitute financial advice. For those trading in forex, consulting a qualified financial advisor prior to making investment decisions is strongly recommended.

Caution: The information above reflects ongoing technical analysis and should not be interpreted as financial advice. Forex trading involves high volatility, and without proper knowledge, you risk losing all your capital. It is essential to consult with a financial advisor before investing.

Advisory: The insights shared are the result of technical analysis and are not intended as financial advice. Forex traders should seek advice from professional financial advisors before making any investment decisions. Remember, the forex market is highly volatile, and trading without adequate knowledge can lead to significant losses.

Important: The analysis provided is for informational purposes only and should not be seen as financial advice. Forex trading carries substantial risks, and it is advisable to consult financial advisors before proceeding with any investments. This content is intended solely for Wealth Management Education purposes.