Daily Global Market Update – 28th Feb 2025

Risk aversion grips markets as the Nasdaq plunges to 20,576, weighed down by Nvidia’s selloff and Apple’s ESG lawsuit. AUD/USD eyes 0.6200, while USD/JPY hovers near 149.50 ahead of key U.S. PCE data. Gold breaks $2,890 support, vulnerable to further losses. With uncertainty high, traders brace for volatility into the weekend. Stay tuned for updates!

Market Update: February 28, 2025Markets are reeling as risk aversion dominates on Friday, February 28, 2025. With key support levels crumbling and critical U.S. data looming, here’s the latest rundown of today’s financial headlines. Equities and Tech Take a HitThe Nasdaq is in freefall, dropping to 20,576 with no buyers stepping in where support was desperately needed—an ugly signal for tech-heavy indices. Nvidia’s upbeat forecast failed to inspire confidence, instead triggering an 8% overnight selloff as investors cashed out, wary of overstretched valuations and a broader risk-off wave. Adding to the tech sector’s woes, Apple faces a lawsuit challenging its ‘carbon neutral’ claims for watches, potentially denting its ESG credentials and investor sentiment. Currency Markets on EdgeThe AUD/USD remains under pressure, eyeing a slide toward 0.6200 as traders await U.S. PCE inflation data, a key gauge of Federal Reserve policy direction. Meanwhile, the USD/JPY is buckling under intense selling, hovering near 149.50. Despite weak Tokyo CPI and Japan’s retail trade figures, the yen is holding firm as a safe-haven amid risk aversion and a sell-off in U.S. Treasury yields. Gold Breaches SupportGold prices have pierced through a critical $2,890 support level, with the precious metal now vulnerable ahead of the U.S. PCE inflation report. A hotter-than-expected reading could further pressure gold as yields rise, while a softer report might offer some relief to bulls. OutlookIt’s a rough day for risk assets, with the Nasdaq’s collapse, Nvidia’s stumble, and gold’s breakdown painting a grim picture. Currency traders are laser-focused on the upcoming U.S. PCE data, which could either deepen the selloff or provide a lifeline. Apple’s legal headache adds another layer of uncertainty to an already shaky tech landscape. With USD/JPY and AUD/USD signaling persistent caution, markets are bracing for a bumpy ride into the weekend.

Regulation: FSA (Seychelles), FSCA (South Africa)
read more
WTI Slides as Geopolitical Risks Ease | 1st July, 2025

WTI Slides as Geopolitical Risks Ease | 1st July, 2025

WTI dips below $64.50 as Middle East tensions ease, dampening supply fears. Silver struggles under $36, while AUD and NZD stay muted on weak China PMI. USD/JPY steadies near 145.90, and the yen holds gains on USD weakness. Traders now eye US ISM PMI and Fed minutes for clues on policy and market direction.
Moneta Markets | 1h 35min ago
US500, EURUSD, USDJPY

US500, EURUSD, USDJPY

New record high for US 500 amid relief rally; Eurozone preliminary CPI to be within ECB’s target; EURUSD hits 4-year high; US NFP report the highlight of the week; USDJPY eases
XM Group | 18h 25min ago
Oil Rises, Dollar Stalls as Risk Appetite Builds | 27th June, 2025

Oil Rises, Dollar Stalls as Risk Appetite Builds | 27th June, 2025

WTI crude nears $75 on strong US inventory draw, boosting risk sentiment. The US Dollar remains weak amid Fed independence fears, lifting AUD/USD to 0.6880 and EUR/USD near 1.1700. USD/JPY retreats while USD/CNY stays steady on a firmer PBOC fix. Focus shifts to US PCE data and global central bank commentary.
Moneta Markets | 4 days ago
ATFX Market Outlook 25th June 2025

ATFX Market Outlook 25th June 2025

Under pressure from U.S. President Trump, the fragile ceasefire agreement between Israel and Iran took effect on Tuesday. Federal Reserve Chair Jerome Powell told lawmakers that tariff increases this summer could begin to push inflation higher, marking a critical period for the Fed’s consideration of rate cuts.
ATFX | 6 days ago