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Little reason for the ECB to surprise us with a hawkish stance – Commerzbank
Little reason for the ECB to surprise us with a hawkish stance – Commerzbank
Today's ECB decision will be the highlight of the trading week. After the market briefly doubted that there would be another rate cut today, such a move is now almost fully priced in, Commerzbank's FX analyst Michael Pfister notes.
ECB
CentralBanks
Banks
EUR: Consensus cut, no guidance by ECB – ING
EUR: Consensus cut, no guidance by ECB – ING
We expect a 25bp rate cut by the ECB today. Consensus is unanimous, and markets are fully pricing in the move, so the impact on the euro may prove limited, ING's FX analyst Francesco Pesole notes.
Technical Analysis
EURUSD
Banks
EUR/USD declines as ECB cuts interest rates, guides grim outlook
EUR/USD declines as ECB cuts interest rates, guides grim outlook
EUR/USD faces selling pressure and declines to near 1.1340 during North American trading hours on Thursday.
ECB
EURUSD
Fed
SEO
InterestRate
GBP/JPY Price Analysis: Tests crucial resistance zone at nine-day EMA near 189.00
GBP/JPY Price Analysis: Tests crucial resistance zone at nine-day EMA near 189.00
GBP/JPY recovers its recent losses from the previous session, trading around 188.90 during the early European hours on Thursday.
Crosses
Technical Analysis
GBPJPY
Palladium price today: Rare metals down at the start of the European session
Palladium price today: Rare metals down at the start of the European session
Platinum Group Metals (PGMs) trade with a negative tone at the beginning of Thursday, according to FXStreet data. Palladium (XPD) changes hands at $954.32 a troy ounce, with the XPD/USD pair easing from its previous close at $972.85.
Platinum
Palladium
Commodities
Crude oil is back at testing the key resistance. Imminent breakout or another failure?
Crude oil is back at testing the key resistance. Imminent breakout or another failure?
Crude oil had a good day yesterday amid positive Chinese comments and fresh sanctions on Iran
Crude Oil price today: WTI price bullish at European opening
Crude Oil price today: WTI price bullish at European opening
West Texas Intermediate (WTI) Oil price advances on Thursday, early in the European session. WTI trades at $62.22 per barrel, up from Wednesday’s close at $61.95.Brent Oil Exchange Rate (Brent crude) is also up, advancing from the $65.34 price posted on Wednesday, and trading at $65.54.
Oil
WTI
Commodities
Bullish
USD/CAD gathers strength above 1.3850 as Fed remains in wait-and-see mode
USD/CAD gathers strength above 1.3850 as Fed remains in wait-and-see mode
The USD/CAD pair strengthens to near 1.3885 during the early European session on Thursday. Hawkish remarks from Federal Reserve (Fed) Chair Powell and stronger Retail Sales provide some support for the Greenback. Trading volume is likely to be lightened ahead of the Good Friday holiday. 
BOC
USDCAD
Majors
Macroeconomics
European indices mostly lower to kick start the day
European indices mostly lower to kick start the day
Some catching up to do with the losses in Wall Street yesterday but the overall mood is better so far today
US Dollar Index maintains position around 99.50 ahead of Initial Jobless Claims data
US Dollar Index maintains position around 99.50 ahead of Initial Jobless Claims data
The US Dollar Index (DXY), which tracks the US Dollar (USD) against a basket of six major currencies, is slightly stronger, hovering around 99.50, buoyed by solid consumer spending data.
Fed
Majors
Macroeconomics
DollarIndex
ECB Press Conference: Lagarde comments on policy outlook after cutting key rates by 25 bps
ECB Press Conference: Lagarde comments on policy outlook after cutting key rates by 25 bps
Christine Lagarde, President of the European Central Bank (ECB), explains the ECB's decision to lower key rates by 25 basis points at the April policy meeting and responds to questions from the press.
Breaking
ECB
SEO
CentralBanks
InterestRate
India Gold price today: Gold eases from all-time highs
India Gold price today: Gold eases from all-time highs
Despite looming tariff uncertainty, the US Dollat attempts a bounce heading toward Good Friday, fuelling a mild retreat in Comex Gold price from all-time highs of $3,358 reached early Thursday.
Gold
India
Commodities
RiskAppetite
Forex Today: Market mood improves as focus shifts to ECB
Forex Today: Market mood improves as focus shifts to ECB
Here is what you need to know on Thursday, April 17:
Currencies
Majors
EconomicIndicator
Commodities
Macroeconomics
What are the main events for today?
What are the main events for today?
The highlights include the ECB Policy Decision and the US Jobless Claims, but the focus remains on tariff negotiations
market overview
Eurostoxx futures -0.3% in early European trading
Eurostoxx futures -0.3% in early European trading
A slightly lower open beckons for European stocks later
EUR/GBP holds below 0.8600 ahead of ECB rate decision
EUR/GBP holds below 0.8600 ahead of ECB rate decision
The EUR/GBP cross attracts some sellers to around 0.8590 during the early European trading hours on Thursday. The Euro (EUR) weakens against the Pound Sterling (GBP) as the European Central Bank (ECB) is anticipated to deliver a 25 basis points (bps) rate cut later in the session.
Crosses
EURGBP
Macroeconomics
Germany March PPI -0.7% vs -0.1% m/m expected
Germany March PPI -0.7% vs -0.1% m/m expected
Latest data released by Destatis - 17 April 2025
BoJ’s Nagakawa: Financial markets are reflecting uncertain situation
BoJ’s Nagakawa: Financial markets are reflecting uncertain situation
Bank of Japan (BoJ) board member Junko Nagakawa is back on the wires on Thursday,  that “financial markets are reflecting uncertain situation.”
BOJ
CentralBanks
USDJPY
InterestRate
NZD/USD Price Forecast: Extends rejection slide from 50% Fibo.; drops to 0.5900 neighborhood
NZD/USD Price Forecast: Extends rejection slide from 50% Fibo.; drops to 0.5900 neighborhood
The NZD/USD pair retreats from the vicinity of mid-0.5900s, or a fresh year-to-date high touched during the Asian session this Thursday, in reaction to stronger-than-expected consumer inflation figures from New Zealand.
NZDUSD
CPI
RBNZ
Technical Analysis
Currencies
Dollar steadier as risk bounces a little ahead of European trading today
Dollar steadier as risk bounces a little ahead of European trading today
It's all gone wonky when the dollar and risk moves in tandem
USD/CHF holds gains near 0.8150, hovers near multi-year lows due to safe-haven demand
USD/CHF holds gains near 0.8150, hovers near multi-year lows due to safe-haven demand
The USD/CHF pair is attempting to recover from recent losses registered in the previous session, trading around 0.8160 during Thursday’s Asian hours. However, it remains close to the 0.8099 mark—its lowest level since September 2011, touched on April 11.
USDCHF
Macroeconomics
Majors
Switzerland
EUR/USD Price Forecast: Softens to near 1.1350, overbought RSI condition eyed
EUR/USD Price Forecast: Softens to near 1.1350, overbought RSI condition eyed
The EUR/USD pair attracts some sellers to around 1.1365 during the early European session on Thursday. Traders might prefer to wait on the sidelines ahead of the European Central Bank (ECB) interest rate decision later on Thursday.
EURUSD
Majors
Macroeconomics
FX option expiries for Apr 17 NY cut
FX option expiries for Apr 17 NY cut
FX option expiries for Apr 17 NY cut at 10:00 Eastern Time via DTCC can be found below.
Currencies
Options
EUR/JPY trades with positive bias above 162.00; lacks follow-through ahead of ECB
EUR/JPY trades with positive bias above 162.00; lacks follow-through ahead of ECB
The EUR/JPY cross attracts buyers for the second straight day and climbs back above the 162.00 mark during the Asian session on Thursday.
EURJPY
ECB
BOJ
TradeWar
Currencies
Gold price moves further away from all-time peak amid profit-taking; $3,300 holds the key for bulls
Gold price moves further away from all-time peak amid profit-taking; $3,300 holds the key for bulls
Gold price (XAU/USD) remains depressed below a fresh all-time peak touched earlier this Thursday and touches a daily low, around the $3,314 area during the first half of the European session. Hopes of US trade negotiations trigger a modest recovery in the global risk sentiment.
TradeWar
Fed
SEO
Gold
Commodities
No easy deals
No easy deals
US-Japan tariff talks show that there are plenty of hoops to go through
Politics
WTI holds gains near $62.50 due to concerns over tighter global supply
WTI holds gains near $62.50 due to concerns over tighter global supply
West Texas Intermediate (WTI) crude Oil price extends its gains for a second consecutive day, trading around $62.40 per barrel during Asian hours on Thursday. The rally is fueled by concerns over tighter global supply following new US sanctions on Iran.
Oil
WTI
Macroeconomics
Commodities
Majors
ForexLive Asia-Pacific FX news wrap: Yen slides
ForexLive Asia-Pacific FX news wrap: Yen slides
Forex news for Asian trading on Apr 17, 2025
Session wrap
Wrap Asia
GBP/USD trades below 1.3250 after retreating from six-month highs
GBP/USD trades below 1.3250 after retreating from six-month highs
GBP/USD snaps its seven-day winning streak, easing to around 1.3230 during Thursday’s Asian session after retreating from a six-month high of 1.3292 reached on Wednesday.
GBPUSD
Macroeconomics
Majors
UnitedKingdom
BOE
RBNZ Sectoral Factor Inflation Model drops to 2.9% YoY in Q1 2025
RBNZ Sectoral Factor Inflation Model drops to 2.9% YoY in Q1 2025
The Reserve Bank of New Zealand (RBNZ) published its Sectoral Factor Model Inflation gauge for the first quarter of 2025, following the release of the official Consumer Price Index (CPI) by the NZ Stats early Thursday.
RBNZ
Inflation
EconomicIndicator
NZDUSD
​​USD/INR weakens on possible foreign inflows
​​USD/INR weakens on possible foreign inflows
The Indian Rupee (INR) gains ground on Thursday, bolstered by prospects of foreign equity inflows. The Indian benchmark indices have recovered all losses sparked by Trump’s reciprocal tariffs earlier this month.
EmergingMarkets
SEO
USDINR
India
Macroeconomics
Trump will meet with Italy's PM Meloni on Thursday, April 17
Trump will meet with Italy's PM Meloni on Thursday, April 17
Lunch and meeting in the afternoon
Bonds
Politics
SPX
USD
Silver Price Forecast: XAG/USD moves below $32.50 due to easing trade concerns
Silver Price Forecast: XAG/USD moves below $32.50 due to easing trade concerns
Silver (XAG/USD) is trading around $32.30 per troy ounce during Thursday’s Asian session, paring some of its gains from the previous day.
Silver
Metals
Commodities
Macroeconomics
XAGUSD
Japanese Yen remains on the back foot against USD amid receding safe-haven demand
Japanese Yen remains on the back foot against USD amid receding safe-haven demand
The Japanese Yen (JPY) retains its negative bias heading into the European session on Thursday, which, along with a modest US Dollar (USD) strength, assists the USD/JPY pair to hold steady above mid-142.00s.
RiskAppetite
TradeWar
BOJ
SEO
USDJPY
Australian Dollar weakens as US Dollar maintains strength on robust consumer spending
Australian Dollar weakens as US Dollar maintains strength on robust consumer spending
The Australian Dollar (AUD) is trading lower against the US Dollar (USD), snapping a six-day winning streak.
RBA
SEO
Majors
AUDUSD
Macroeconomics
USD/CAD edges higher above 1.3850, BoC holds policy rate at 2.75%
USD/CAD edges higher above 1.3850, BoC holds policy rate at 2.75%
The USD/CAD pair trades in positive territory near 1.3880 during the early Asian session on Thursday. However, the upside for the pad might be limited amid the escalating trade uncertainties. Traders brace for the developments surrounding US trade talks with trading partners.
USDCAD
Majors
Macroeconomics