-
- Trading Platforms
- PU Prime App
- PU Copy Trading
- PU Social
-
- Trading Conditions
- Account Types
- Spreads, Costs & Swaps
- Deposits & Withdrawals
- Fee & Charges
- Trading Hours
EN
Published: 9 April 2026,05:55
Daily Market Analysis New
*Dollar edges higher as Fed flags inflation risks from Iran conflict
*FOMC minutes highlight potential need for further rate hikes
*Ceasefire optimism briefly weighed on dollar, but tensions remain uncertain
*Gold pulls back on profit-taking and rising rate expectations
Market Summary:
The U.S. dollar rebounded modestly as growing concerns among Federal Reserve officials over inflation risks linked to the Iran conflict reinforced expectations that interest rates may need to remain elevated.
The dollar index — which tracks the greenback against a basket of six major currencies — found support after minutes from the Federal Open Market Committee’s March meeting indicated that policymakers are increasingly focused on the inflationary impact of geopolitical tensions. The minutes showed that officials debated a range of economic scenarios following the escalation of the Iran conflict, with several participants highlighting the risk that rising energy prices could sustain inflationary pressures and potentially warrant further rate increases.
These signals have prompted markets to reassess the trajectory of monetary policy, strengthening the dollar after its recent pullback. The earlier decline in the greenback had been driven by optimism surrounding ceasefire developments, which temporarily eased inflation concerns. However, renewed uncertainty and the risk of re-escalation have kept the longer-term outlook for the dollar more balanced.
Meanwhile, gold prices retraced following a recent rally, as investors engaged in profit-taking and technical adjustments. The pullback was further reinforced by renewed expectations of higher interest rates, which tend to weigh on non-yielding assets such as gold by increasing the opportunity cost of holding them.
Overall, markets remain sensitive to both monetary policy signals and geopolitical developments, with the balance between inflation risks and safe-haven demand continuing to shape movements in both the dollar and gold.
Technical Analysis
The dollar index is trading higher, currently testing the 99.10 resistance level, which acts as a key near-term breakout point.
Momentum indicators are improving, with the MACD strengthening and the RSI rebounding to 50 from oversold levels, suggesting recovering bullish momentum.
A confirmed breakout above 99.10 could extend gains toward the next resistance at 99.70.
However, if bullish momentum fails to sustain, the index may retrace toward the 98.50 support level, with further downside toward 98.00 if selling pressure builds.
Resistance Levels: 99.10, 99.70
Support Levels: 98.50, 98.00
Gold prices are trading lower, currently testing the 4,700.00 support level, which serves as a key near-term floor.
A confirmed breakdown below the 4,700.00–4,705.00 zone could accelerate losses toward 4,610.00, aligning with the lower boundary of the ascending channel.
Momentum remains bearish, with the RSI below 40 and under the midline, indicating sustained downside pressure. However, the MACD is showing diminishing bearish momentum, suggesting a potential near-term technical rebound if selling pressure fades.
Resistance Levels: 4785.00, 4840.00
Support Levels: 4700.00, 4610.00
Trade forex, indices, metal, and more at industry-low spreads and lightning-fast execution.
Sign up for a PU Prime Live Account with our hassle-free process.
Effortlessly fund your account with a wide range of channels and accepted currencies.
Access hundreds of instruments under market-leading trading conditions.
Trading Platforms
Learn
About PU Prime
Corporate
Please note the Website is intended for individuals residing in jurisdictions where accessing the Website is permitted by law.
Please note that PU Prime and its affiliated entities are neither established nor operating in your home jurisdiction.
By clicking the "Acknowledge" button, you confirm that you are entering this website solely based on your initiative and not as a result of any specific marketing outreach. You wish to obtain information from this website which is provided on reverse solicitation in accordance with the laws of your home jurisdiction.
Thank You for Your Acknowledgement!
Ten en cuenta que el sitio web está destinado a personas que residen en jurisdicciones donde el acceso al sitio web está permitido por la ley.
Ten en cuenta que PU Prime y sus entidades afiliadas no están establecidas ni operan en tu jurisdicción de origen.
Al hacer clic en el botón "Aceptar", confirmas que estás ingresando a este sitio web por tu propia iniciativa y no como resultado de ningún esfuerzo de marketing específico. Deseas obtener información de este sitio web que se proporciona mediante solicitud inversa de acuerdo con las leyes de tu jurisdicción de origen.
Thank You for Your Acknowledgement!