Markets Turn Risk-On as Euro Sinks, Dollar Gains Ahead of Central Bank Decisions

Markets are clearly in risk-on mode today. I’m seeing the US dollar gain strength alongside the Aussie and Kiwi, while gold slips below $3,320 — now hovering around $3,312. Oil’s also on the back foot. But the real standout is EUR/USD, which has tumbled nearly 2%, from above 1.1780 to below 1.1590 in just a few sessions. That’s a huge 200+ pip drop, driven by broad euro weakness rather than just dollar strength. Last week, the euro looked like it might hold up after the ECB talked tough on inflation. But that upside didn’t last. Today’s price action tells me confidence in Europe’s outlook is fading — and fast. At the same time, there’s fresh optimism around global trade. Headlines about new US-EU deals have helped sentiment, but let’s be honest — the details still feel murky. Until we see real structure behind these agreements, the market may stay jittery. Now all eyes turn to this week’s central bank meetings — the Fed, BoJ, and BoC. I expect rates to remain unchanged, but as always, the real story will be in the language. I’ll be paying close attention to the rate statements and press conferences for any shift in tone. A small change in how they talk about inflation or growth could set the stage for the next big move. Personally, I always compare the latest statements side by side with the previous ones — it's one of the best ways to catch those subtle but meaningful changes that drive price. Bottom line: EUR/USD’s slide shows how quickly sentiment can shift. The euro’s under pressure, the dollar’s looking solid, and with central banks in focus, we’re in for a potentially big week. Stay sharp — and trade smart. Register here for the next webinar: https://acy.com/en/education/webinars/ Join Luca's Telegram Trading Feed: https://t.me/+bkfmaA76P2VlMTQ1 Free Trading eBook Series: https://acy.com/en/education/ebook/ Open a Live or Demo Account here: https://acy.cloud/open-live-account?url=https%3A%2F%2Facy.com.au%2Fen%2F&next=%2Fcreate-account%2Fselect-account-type https://youtu.be/QuowC4vVCrA https://www.youtube.com/playlist?list=PLpHJMh3UuCvTbydhR9mC9zP33SONAVXOt https://www.youtube.com/playlist?list=PLpHJMh3UuCvRYPBqz1EhkWyp5Tg3qwZCV https://www.youtube.com/playlist?list=PLpHJMh3UuCvQ4HLCoPaU_AhfjABFgHAaX https://www.youtube.com/playlist?list=PLpHJMh3UuCvQfwLPLln7cRwnB8HD6cvEj Catch up with the latest news and market analysis here: https://acy.com/en/market-news Get in touch today: Web: https://www.acy.com Twitter: https://twitter.com/ACY_Securities Facebook: https://www.facebook.com/acy.securities/ Spotify: https://open.spotify.com/show/2g4Py8AuAqUIxci9efdMmm?si=ac6ff082c5c84f78 Phone: Australia 1300 729 171 International +61 2 9188 2999 #acysecurities #EURUSD #USD #ForexTrading #GoldPrice #CentralBanks #FederalReserve #ECB #BoJ #BoC #InterestRates #MarketUpdate #RiskOn #MacroTrading #USDEUR #TrumpTradeDeals #EUTradeDeal #JapanTradeDeal #GlobalMarkets #PCEInflation #NonfarmPayrolls #GDP #ISM #DXY #ForexAnalysis #ACYTrading #ACYSecurities #gold #xauusd #sp500 #nas100 #bitcoin #btcusd #oilprices #uswti #crudeoil #oiltrading #silver #xagusd @ACYSecuritiesAustralia Disclaimer: Foreign exchange and derivatives trading carries significant risk and is not suitable for all investors. You do not own, or have any interest in, the underlying assets. Before you decide to trade foreign exchange and derivatives, we encourage you to consider your investment objectives, your risk tolerance and trading experience. ACY Securities Pty Ltd (AFSL: 403863) provides general advice that does not consider your objectives, financial situation or needs. You should consider if you are part of our Target Market by reviewing our TMD and read our FSG and PDS to ensure you fully understand the risks. The content of this presentation must not be construed as personal advice and the information in this presentation is prepared without considering your objectives, financial situation or needs; please seek advice from an independent financial or tax advisor if you have any questions. ACY Securities Pty Ltd is regulated by the Australian Securities and Investments Commission (ASIC AFSL:403863). Registered address: ACY Tower, Level 18, 799 Pacific Hwy, Chatswood NSW 2067. AFSL authorised us to provide financial services to Australian Residents or Businesses. ACY Capital LLC ('ACY LLC'), ACY LLC is incorporated in St Vincent and the Grenadines (Company number: 2610 LLC 2022). Registered address: Suite 305, Griffith Corporate Centre, Beachmont, Kingstown. ACY Securities SA Pty Ltd (Reg.: 2009/008731/07) is regulated by the Financial Sector Conduct Authority (FSCA: 51008). Registered address: 4 Stan Road, Sandton, Johannesburg, Gauteng, 2196. FSCA authorised us to provide financial services in terms of section 8 of the Financial Advisory and Intermediary Services. © 2020 - 2025 ACY Securities is a brand name of ACY AU and ACY LLC, ACY Securities Pty Ltd. All rights Reserved.