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Forex Today: Markets stabilize as trading volume thins out on Easter Friday
Forex Today: Markets stabilize as trading volume thins out on Easter Friday
Here is what you need to know on Friday, April 18:
Currencies
Majors
EconomicIndicator
Commodities
Macroeconomics
US Dollar Index hovers near 99.50 as trading activity remains muted due to Good Friday
US Dollar Index hovers near 99.50 as trading activity remains muted due to Good Friday
The US Dollar Index (DXY), which measures the US Dollar (USD) against a basket of six major currencies, is remaining below 99.50 during the early European hours on Friday. The Greenback remains subdued amid growing concerns over the economic impact of tariffs on the United States (US).
DollarIndex
Macroeconomics
Majors
Fed
EUR/JPY holds steady above 161.50 amid thin trading volume on Good Friday
EUR/JPY holds steady above 161.50 amid thin trading volume on Good Friday
The EUR/JPY cross trades flat near 161.85 during the early European session on Friday. US President Donald Trump's trade war remains a source of deep uncertainty. However, Trump on Thursday offered some encouraging signals that negotiations with other countries could lead to lower tariffs.
EURJPY
Crosses
Macroeconomics
US Rubio: We need to determine whether it's possible to end the war in Ukraine
US Rubio: We need to determine whether it's possible to end the war in Ukraine
The US Secretary of State Rubio delivering remarks on the Russia-Ukraine peace deal in Paris
Politics
USD/JPY Price Analysis: Holds losses below 142.50, support appears at seven-month lows
USD/JPY Price Analysis: Holds losses below 142.50, support appears at seven-month lows
USD/JPY inches lower after registering gains in the previous session, trading around 142.40 during the Asian session on Friday. An analysis of the daily chart showed the pair moves downward within a descending channel, indicating a confirmed bearish bias.
USDJPY
Technical Analysis
Majors
What are the main events for today?
What are the main events for today?
Spoiler alert: there's nothing.
market overview
USD/CHF remains below 0.8200 due to muted trading activity
USD/CHF remains below 0.8200 due to muted trading activity
USD/CHF slipped slightly during Friday’s Asian trading hours, hovering around 0.8180, after posting gains in the previous session. The pair is under pressure as the US Dollar weakens amid mounting concerns over the economic fallout from US tariffs.
Majors
USDCHF
Switzerland
Macroeconomics
EUR/USD Price Forecast: Gathers strength above 1.1350, bullish bias remains
EUR/USD Price Forecast: Gathers strength above 1.1350, bullish bias remains
The EUR/USD pair strengthens to around 1.1370 during the early European trading hours on Friday. Hopes for a trade deal between the United States (US) and the European Union (EU) provide some support to the Euro (EUR). Trading volume is likely to be lightened on Good Friday.
EURUSD
Majors
Technical Analysis
Bullish
Always remember that there's two sides to the coin
Always remember that there's two sides to the coin
What to make of from the early commentary about a US-Japan trade deal?
Politics
WTI drifts higher to near $63.50 on trade deal hopes, fresh Iran sanctions
WTI drifts higher to near $63.50 on trade deal hopes, fresh Iran sanctions
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $63.50 during the Asian session on Friday. The WTI price edges higher to a two-week high amid hopes for a trade deal between the United States and the European Union and fresh US sanctions on Iran.
Oil
WTI
Commodities
Macroeconomics
USD/CAD moves above 1.3850, upside seems restrained due to improved Oil prices
USD/CAD moves above 1.3850, upside seems restrained due to improved Oil prices
USD/CAD halts its two days of losses, trading around 1.3860 during the Asian hours. However, market activity is expected to remain subdued due to the Good Friday holiday.
Canada
USDCAD
Majors
Macroeconomics
NZD/USD remains below 0.6000 near five-month highs due to trade policy focus
NZD/USD remains below 0.6000 near five-month highs due to trade policy focus
NZD/USD is trading subdued around 0.5970 during Friday’s Asian session, holding near Thursday’s five-month high of 0.5979 after seven consecutive days of gains. The pair could see further upside as the US Dollar (USD) weakens amid rising concerns over the economic fallout from US tariffs.
RBNZ
Majors
NewZealand
NZDUSD
Macroeconomics
Gold price attracts some sellers on profit-taking 
Gold price attracts some sellers on profit-taking 
The Gold price (XAU/USD) holds steady on Friday after retreating from an all-time high of $3,358 as investors book profits during a long Easter weekend.
XAUUSD
SEO
Gold
Commodities
Macroeconomics
GBP/USD hovers near six-month highs, 1.3300, eyes on US-UK trade discussions
GBP/USD hovers near six-month highs, 1.3300, eyes on US-UK trade discussions
GBP/USD continues its upward momentum from April 8, trading near 1.3280 during Friday's Asian session. The pair is buoyed by a weakening US Dollar (USD), as concerns grow over the economic impact of tariffs on the United States.
GBPUSD
Macroeconomics
Majors
TradeWar
UnitedKingdom
Japan’s Kato: Japan does not manipulate the FX market to weaken the Yen
Japan’s Kato: Japan does not manipulate the FX market to weaken the Yen
Japan’s Finance Minister Shunichi Kato said on Friday that the country does not manipulate the foreign exchange (FX) market to weaken the Japanese Yen. 
UnitedStates
Japan
Macroeconomics
Exchanges
Apple is losing the battle on both fronts
Apple is losing the battle on both fronts
Apple lost a big chunk of market share in China
Australian Dollar remains subdued despite Trump confirmation of US-China trade discussions
Australian Dollar remains subdued despite Trump confirmation of US-China trade discussions
The Australian Dollar (AUD) remains subdued on Friday following a seven-day winning streak. However, the AUD/USD pair may regain its ground as the US Dollar (USD) weakens amid growing concerns over the economic impact of tariffs on the United States (US).
TradeWar
SEO
Majors
AUDUSD
Macroeconomics
USD/JPY weakens below 142.50 as Japanese CPI came in at 3.6% YoY in March
USD/JPY weakens below 142.50 as Japanese CPI came in at 3.6% YoY in March
The USD/JPY pair softens to near 142.25 in a thin trading volume session on Friday. The US Dollar (USD) edges lower against the Japanese Yen (JPY) amid concerns over the economic impact of tariffs. 
CPI
Majors
Japan
USDJPY
Macroeconomics
About those late-day bounces in Chinese stock markets
About those late-day bounces in Chinese stock markets
Evidence of the National Team's involvement
China Stock Market
Japan’s National CPI climbs 3.6% YoY in March, Core CPI rises as expected
Japan’s National CPI climbs 3.6% YoY in March, Core CPI rises as expected
Japan’s National Consumer Price Index (CPI) rose by 3.6% YoY in March, compared to the previous reading of 3.7%, according to the latest data released by the Japan Statistics Bureau on Friday.
CPI
Inflation
Japan
Macroeconomics
EUR/USD gathers strength above 1.1350, ECB cuts interest rates by 25 bps
EUR/USD gathers strength above 1.1350, ECB cuts interest rates by 25 bps
The EUR/USD pair attracts some buyers to near 1.1370 during the early Asian session on Friday. The concerns over the economic impact of tariffs continue to drag the US Dollar (USD) lower against the Euro (EUR). Traders will closely monitor the developments surrounding US trade talks.
EURUSD
Majors
Macroeconomics
Trump signals more tariffs and confirms talks with China
Trump signals more tariffs and confirms talks with China
The US President, Donald Trump, held a press conference in the Oval Office in Washington. He discussed trade deals with China, tariffs, and the acquisition of US Steel by Nippon Steel.
China
UnitedStates
Politics
Macroeconomics
Forexlive Americas FX news wrap: ECB cuts rates and highlights downside risks
Forexlive Americas FX news wrap: ECB cuts rates and highlights downside risks
Forex news for North American trading on Apr 17, 2025
Session wrap
Wrap Nth America
Mexican Peso surges as Trump-Sheinbaum call eases trade tensions
Mexican Peso surges as Trump-Sheinbaum call eases trade tensions
The Mexican Peso rallied against the US Dollar on Thursday after US President Donald Trump and Mexican President Claudia Sheinbaum held a phone call that both said was “very productive.” This and a weaker Greenback sent the USD/MXN drifting lower, exchanging hands at 19.69, down 1.14%.
Technical Analysis
Mexico
SEO
USDMXN
Fundamental Analysis
Trump trade deal with Japan is close - report
Trump trade deal with Japan is close - report
Report from Fox Business out earlier today
JPY
USD
Forex Today: Japanese CPI data will take centre stage on Good Friday
Forex Today: Japanese CPI data will take centre stage on Good Friday
The Greenback grabbed some much-needed oxygen on Maundy Thursday despite alternating risk appetite trends.
Currencies
EURUSD
CPI
Inflation
Japan