Global markets face heightened volatility in Q2 2025, with economic warfare, inflation, and shifting trade policies 

creating uncertainty. Martin Lam, ATFX Chief Analyst of Asia Pacific, highlights how geopolitical tensions, shifting 

trade dynamics, and emerging technologies like blockchain and Central Bank Digital Currencies add to market 

instability. Amid these challenges, safe-haven assets such as gold are expected to gain traction, emphasizing the 

need for diversification and risk management.

According to Mohammed Shanti, ATFX’s Head of Market Research & Analysis, the US stock market had a strong 

start in 2025 but now faces mounting risks. The S&P 500’s rally has slowed amid rising bond yields and tech sector 

struggles, with major banks divided on its future trajectory. Meanwhile, Dr. Mohamed Nabawy highlights potential 

corrections in European markets due to US tariffs on European exports, though fiscal stimulus and European Central 

Bank (ECB) rate cuts may provide support.

Nick Twidale, ATFX’s Chief Market Analyst (Australia), highlights AUDUSD’s volatility, with rate cuts and commodity 

prices driving movement. Lucas Nguyen, ATFX Market Analyst (Vietnam), highlights the euro’s challenges, driven by 

inflation risks, political instability, and an unclear ECB policy outlook. Dean Chen, ATFX Guest Analyst, examines global 

currency trends, noting a weak Canadian dollar, a strengthening yen, and limited growth prospects for USDCNH due 

to geopolitical risks.

Diego Albuja, ATFX LATAM Market Analyst, analyzes USDMXN’s depreciation, driven by US tariffs and diverging interest 

rates. Gonzalo Cañete, ATFX Global Chief Market Strategist, examines the dollar’s resilience in 2024 despite economic 

challenges. He also provides a GBPUSD outlook for 2025 and discusses Japan’s economic struggles, where inflation and 

Bank of Japan rate hikes have strengthened the yen. Jessica Lin, ATFX Global Market Analyst (Asia Pacific), projects gold’s 

continued rise, driven by central bank demand and Federal Reserve rate cuts, with silver following a similar trend.

Gab Santos, ATFX Market Analyst (Philippines), projects lower oil prices in 2025 amid Trump’s trade policies and OPEC+ 

production cuts. Gabi Dahduh, ATFX Senior Market Analyst (MENA), explores how cryptocurrencies are reshaping global 

finance, particularly in economic warfare. Lin also stresses the importance of disciplined trading amid market volatility, 

advising investors to stay flexible and focus on long-term trends.

In 2025’s unpredictable markets, staying informed is crucial.