Market Drivers; US Session

Dollar Soars on JOLTs Anticipation, Geopolitical Tensions

Euro slumps amid French political turmoil
Pound, Aussie, and Yen under pressure
Oil prices steady, Gold and Silver retreat
Option 3: More Detailed and Analytical

The US Dollar Index (DXY) gained momentum on Tuesday, surpassing the 106.70 level. This surge was fueled by a combination of factors, including escalating geopolitical risks, particularly Trump’s renewed tariff threats and political instability in France. Additionally, the market’s focus shifted to the upcoming JOLTs Job Openings report, which is expected to provide insights into the health of the US labor market.

The Euro, on the other hand, faced significant headwinds due to rising political unrest in France. EUR/USD broke below the crucial 1.0500 level, signaling a potential further decline.

The British Pound, Australian Dollar, and Japanese Yen also experienced downward pressure. GBP/USD retreated from recent highs, while AUD/USD breached the 0.6500 support level. USD/JPY, after an initial surge, retreated from the 150.70 zone.

In the commodity markets, oil prices stabilized near the $68.00 per barrel mark as traders weighed geopolitical risks against the state of the US economy. Gold and Silver prices, which had been on a recent upward trend, retreated due to the stronger US Dollar and mixed US Treasury yields.