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Here is what you need to know on March 29

/CAD licks its wounds near a two-month low, up 0.12% intraday around 1.2500 during early Monday morning in Europe.
/USD bounces off 50-HMA to defend buyers above the 0.7500 threshold during Monday’s Asian session.

Gold takes offers to refresh intraday low around $1,945 while snapping a three-day uptrend during Monday’s Asian session.
Oil was down on Monday morning in Asia, fell 2.68% to $114.22
IMPACTED DATA:-

HAVE A WONDERFUL DAY AHEAD
Here is what you need to know Thursday, March 24.
:-
USD/CAD:- USD/CAD snaps seven-day downtrend while bouncing off late January’s levels during Thursday’s Asian session. That said, the Loonie pair picks up bids to refresh intraday high near 1.2580 by the press time.
/USD:- The GBP/USD pair is auctioning near bearish Wednesday’s low at 1.3180 as investors await the outcome of US President Joe Biden’s meeting with its NATO counterparts on Thursday.
COMEX:-
OIL:- Brent oil futures inched up 0.07% to $121.69 and while futures were down 0.43% to $114.44.
/USD:- Gold (XAU/USD) pares the biggest daily gains in 12 days around $1,941 during the mid-Asian session on Thursday.
IMPACTED DATA:-
CHF SNB Monetary Policy Assessment
EUR German Flash Manufacturing PMI
EUR German Flash Services PMI
CHF SNB Press Conference

EUR/JPY surpasses 132.00 ahead of ECB’s Lagarde speech.
The EUR/JPY pair has witnessed a firmer long build-up, which has pushed the cross above 132.00 after multiple failed attempts. The shared currency bulls are getting stronger ahead of the speech from European Central Bank (ECB)’s President Christine Lagarde, which is due on Tuesday. Apart from the ECB’s Lagarde speech, speeches from ECB’s Vice President Luis De Guindos, ECB’s members Fabio Panetta and Philip Richard Lane will also hold on Tuesday.

EUR/JPY has been underpinned amid a broader sell-off in Tokyo’s yen. The Japanese yen is facing the heat of an unchanged interest rate policy by Bank of Japan (BOJ) Governor Haruhiko Kuroda. The BOJ kept its interest rates at -0.1% amid an in-controlled inflation print. Japan’s National Consumer Price Index (CPI) landed at 0.9%, much higher than the previous print of 0.5% and market consensus of 0.3% but remained below the upside cap of 2%.
Also, the boiling oil prices and rising metal prices are weighing pressure on the Japanese yen. Oil prices have crossed $110 comfortable and are likely to continue moving the north amid various supply constraints.

This week, the European Union (EU) summit will remain a major driver for the cross, which is due on Friday. Also, US President Joe Biden will attend the summit in addition to the NATO meeting on designing a roadmap of a diplomatic solution for Russia and Ukraine. While, the Japanese docket will report Tokyo’s Consumer Price Index (CPI) numbers, which are due on Thursday.

EUR/USD TECHNICAL OUTLOOK
After making a 2-year low at 1.08062 two weeks ago, EUR/USD has managed to gain some short-term bullish momentum as it crossed above the 10-day simple moving average (SMA) and it’s gradient is positive.

Further bullish momentum may unfold if the price is to cross above the 21-day SMA, but it would take a sustained rally above it to turn the gradient to a positive slope.

Nearby resistance might be at the recent peaks of 1.11212 and 1.11375. Further up, resistance could be at the previous highs and pivot points of 1.12743, 1.12802, 1.13751, 1.13959, 1.14830 and 1.14949.

The slight weakness of the last few sessions has the price nearing an ascending trend line, currently intersecting at 1.0995, a level of potential support.

Below there, the previous lows of 1.0891 and 1.08062 are potential levels of support.

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