The USD/JPY edges higher on Tuesday, rising nearly 0.25% as risk appetite deteriorated late in the New York session, even though the US President Donald Trump hinted a de-escalation of the conflict. At the time of writing the pair trades at 158.07 some 80 pips above its opening price.
The USD/CHF recovers some ground on Tuesday, rises a modest 0.20% as the US Dollar recovers from earlier losses as risk appetite remains deteriorated as depicted by Wall Street, with three of the fourth US indices ending with losses.
Chiliz (CHZ) is showing signs of strength, trading above $0.040 as of writing on Tuesday after breaking out of a falling wedge, a technical pattern often associated with bullish reversals.
Meme coins are showing early signs of stabilization as of writing on Tuesday, as the broader crypto market attempts to recover. Dogecoin (DOGE) is nearing a key resistance zone where a breakout could open the door for further upside.
MUFG’s Senior Currency Analys Michael Wan argues that the Philippines Peso is vulnerable as the Iran and Middle East conflict threatens to keep the Strait of Hormuz closed and Oil above US$100/bbl.
Silver price climbs over 2% on Monday as the Greenback pares some of its previous gains, a tailwind for the precious metals segment. At the time of writing, XAG/USD trades at $86.35 after bouncing off daily lows of $79.66.
News that several countries have cut Oil output hit the financial markets on Monday as Oil producers claimed they are unable to export through the Strait of Hormuz amid threats from Iran.
USD/JPY advances for the third straight day, gains 0.07% on Monday as the Greenback remains underpinned due to the Greenback’s safe-haven appeal, and expectations for a less dovish Federal Reserve. The pair trades at 158.02 at the time of writing.
Here is what you need to know on Monday, March 9:
The USD/CHF retreats during the North American session, down 0.53% as the Greenback weakens following a dismal jobs report, and a break to four day low beneath the 0.7800 figure. At the time of writing, the pair trades at 0.7771, yet it remains to end the week with gains of more than 1%.
Here is what you need to know on Friday, March 6:
The Dow Jones Industrial Average was down 840 points, or 1.73%, to 47,885 at the time of writing, giving back all of Wednesday's gains and then some. The S&P 500 fell 0.82% to around 6,810, while the Nasdaq Composite dipped 0.50% to the 22,690 region.
Here is what you need to know on Thursday, March 5:
Cardano (ADA) price is approaching its descending trendline around $0.28 at the time of writing on Thursday, set to shape the next directional move. The derivatives metrics paint a bearish picture, with ADA’s Open Interest (OI) continuing to fall and short bets rising among traders.
The USD/CHF retreats on Wednesday down by 0.25% as the pair failed to post a daily close above the 50-day Simple Moving Average (SMA) of 0.7819 as the Greenback trimmed some of its Wednesday’s gains on risk aversion.
The Dow Jones Industrial Average traded 312 points higher, or 0.65%, at 48,807 at the time of writing on Wednesday, clawing back most of Tuesday's losses after a session that saw the index drop as much as 1.2K points intraday before closing down 403 points.
Solana (SOL) price is facing slight rejection as it approaches the upper boundary of the consolidation range at around $88 on Wednesday. Institutional demand is strengthening as spot Exchange Traded Funds (ETFs) recorded two consecutive inflows so far this week.
MUFG’s Senior Currency Analyst Michael Wan argues that sustained Oil price spikes linked to the Iran conflict would pressure most Asian currencies, as regional economies are largely net Oil importers. He highlights KRW, INR and PHP as more vulnerable, while CNH and MYR appear relatively resilient.
Here is what you need to know on Monday, March 2:
Bitcoin (BTC) price is stabilizing around $68,000 at the time of writing on Friday, but the Crypto King is poised to close February on a fragile footing, marking its fifth consecutive month of losses since October and a rare start to the year with back-to-back monthly corrections.
Initial Jobless Claims in the week ending February 21 came in at 212K, below economists' expectations of 215K but slightly above the previous reading of 208K. Continuing Claims also declined to 1.833 million, signaling stabilization in labor market conditions.
USD/CHF recovers some ground on Thursday, rising some 0.19% as the Greenback appreciates and bounces off daily lows beneath 0.7700 on solid US data. At the time of writing, the pair trades at 0.7743, yet it remains shy of the key resistance level seen at 0.7817, the February 2 daily peak.
Silver price loses its bright on Thursday, moving in the opposite direction of Gold, which remains steady as the US Dollar recovers some ground and rises. Stronger than expected US jobs data, keeps the white metal pressured in the mid-North American session.
Chiliz (CHZ) is trading red below $0.035 at the time of writing on Thursday, retracing after a 6% relief rally the previous day amid a broader downward trend.
Cardano (ADA) price steadies at $0.29 on Thursday after surging over 14% in the previous day. Improving on-chain and derivatives data support a positive outlook as whale wallets are increasing exposure alongside positive funding rates.
MUFG’s Senior Currency Analyst Michael Wan argues that stronger Asia exports in early 2026 are a key support for regional currencies, even as new US tariff investigations under the Trump administration create uncertainty.