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Fxstreet
Silver price under massive pressure – Commerzbank
The Silver price even slumped by more than 6% at times yesterday and slipped further today to USD 31.2 per troy ounce, Commerzbank's commodity analyst Carsten Fritsch notes.
Silver
Commodities
Banks
XAGUSD
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Fxstreet
Gold price initially rises to record high and then falls sharply – Commerzbank
The Gold price initially rose to a new record high of $3,168 per troy ounce in response to US President Trump's tariff announcements, but then fell back significantly, Commerzbank's commodity analyst Carsten Fritsch notes.
XAUUSD
Metals
Gold
Commodities
Banks
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Forex Live
ForexLive European FX news wrap: China counter-tariffs amplify market rout
Forex news from the European morning session on Apr 4, 2025
Session wrap
Wrap Europe
News Discussion Forum
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Fxstreet
USD/CNH: Set to weaken to 7.2430 before stabilisation can be expected – UOB Group
Scope for US Dollar (USD) to weaken to 7.2430 before stabilisation can be expected vs Chinese Yuan (CNH); it is unclear if 7.2150 will come into view.
Technical Analysis
USDCNH
Banks
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Fxstreet
China Finance Ministry: Will impose additional 34% tariffs on all US goods from April 10
China's Finance Ministry announced on Friday that they will impose additional tariffs of 34% on all US imports from April 10 in response to US President Donald Trump's latest tariff announcements, per Reuters.
China
TradeWar
Politics
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Fxstreet
Brent: Next objectives are located at $65.50/64.70 and $63 – Societe Generale
Brent has pulled back after facing strong resistance around the 200-DMA ($76) recently, Societe Generale's FX analysts report.
Oil
Energy
Brent
Banks
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Fxstreet
USD/JPY: Below 145.00, further decline is likely – UOB Group
US Dollar (USD) is likely to trade in a 145.20/147.50 range vs Japanese Yen (JPY). In the longer run, too early to expect weakness to stabilise, but USD must break and hold below 145.00 before further decline is likely, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.
Technical Analysis
USDJPY
Banks
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Fxstreet
EUR/GBP: Above 0.8510/0.8530, a larger upside is likely – Societe Generale
EUR/GBP has crossed above the 200-DMA resulting in a steep up move, Societe Generale's FX analysts report.
Technical Analysis
EURGBP
Banks
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Forex Live
Risk-off flows intensify ahead of US trading
It's carnage out there but can you imagine if we get a bad set of numbers from the US jobs report to add to it?
market overview
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Fxstreet
NZD/USD must close above 0.5850 for further sustained rise – UOB Group
New Zealand Dollar (NZD) is likely to trade in a range between 0.5720 and 0.5850 vs US Dollar (USD). In the longer run, for further sustained rise, NZD must close above 0.5850, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.
NZDUSD
Technical Analysis
Banks
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Forex Live
AUD hit the hardest amid the risk-off flows
The Australian Dollar is down 2.9% against the US Dollar, 3.4% against the Japanese Yen and 3.8% against the CHF as China's retaliation news weighed on the AUD the most
AUD
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Fxstreet
Copper slumps as tariffs threaten global growth outlook – ING
Copper and other industrial metals slumped on Thursday amid concerns about how Trump’s latest tariffs threaten the global growth outlook, ING’s commodity analysts Warren Patterson and Ewa Manthey note.
Metals
Gold
Copper
Banks
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Fxstreet
US Dollar falls flat after China retaliates
The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, sees an earlier attempt to recover fail, trading at 101.90 at the time of writing on Friday.
TradeWar
UnitedStates
SEO
Macroeconomics
DollarIndex
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Fxstreet
AUD/USD: Above 0.6410, further advances can be expected – UOB Group
Instead of continuing to rise, AUD is more likely to trade in a 0.6260/0.6360 range. In the longer run, AUD must break and hold above the significant resistance at 0.6410 before further advances can be expected, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.
Technical Analysis
Banks
AUDUSD
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Forex Live
Traders are now pricing more than 50% chance of a fifth cut by year-end
After China's news, traders increased the rate cuts expectations to 116 bps by year end
market overview
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Forex Live
S&P 500 breaks below a key level following China's retaliation. August low in sight.
China decided to retaliate with additional 34% tariffs on all US goods starting on April 10
S&P Futures
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Fxstreet
USD/CAD Price Forecast: Bounces back from 200-day EMA
The USD/CAD pair rebounds to near 1.4160 during European trading hours on Friday from an almost four-month low of 1.4026 posted on Thursday.
TradeWar
Fed
USDCAD
Employment
DollarIndex
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Forex Live
Gold picks itself back up as the trade war rhetoric escalates
Gold has pared all losses on the day after being down by 1% earlier
Gold
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Forex Live
A bloodbath in the equities space as China response sparks intense selling
China's response is not only negative for the US but it is also impacting the global outlook
market overview
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Forex Live
Risk sentiment takes another blow as China responds with counter-tariffs
China hits back with additional 34% tariffs on all US goods starting from 10 April
market overview
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Forex Live
China announces tariffs of 34% on all US goods in retaliation
The tariffs will go into effect on 10 April
CNY
USD
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Fxstreet
Oil: OPEC+ shock supply increase – ING
Oil prices took a big hit yesterday as a barrage of new tariffs raised concerns over global growth and the outlook for oil demand. ICE Brent settled more than 6.4% lower on the day – the largest sell-off since August 2022, ING's commodity experts Ewa Manthey and Warren Patterson note.
Oil
OPEC
Energy
Commodities
Banks
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Fxstreet
GBP: Liquidity issues & BoE repricing at play – ING
Over recent months, EUR/GBP has tended to sell off on tariff-related headlines, given that the eurozone is far more exposed to US trade than the UK. Yet EUR/GBP surprised yesterday and spiked higher, ING's FX analyst Chris Turner notes.
EURGBP
Technical Analysis
Banks
GBPUSD
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Fxstreet
GBP/USD: Price action suggests the rally is pausing – UOB Group
Price action suggests the rally is pausing; Pound Sterling (GBP) is likely to trade in a range between 1.3040 and 1.3200 vs US Dollar (USD).
Technical Analysis
Banks
GBPUSD
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Forex Live
US GDP growth this year to be less than 1% - UBS Global Wealth Management
The firm says that the US economy risks an intra-year recession
USD
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Fxstreet
EUR/USD bounces back as US stagflation risks keep US Dollar under pressure
EUR/USD recovers a majority of intraday losses and rebounds to near 1.1040 during North American trading hours on Friday. The major currency pair rebounds as the US Dollar (USD) gives up the recovery move seen earlier in the day.
ECB
EURUSD
TradeWar
Fed
SEO
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Fxstreet
US NFP: Finally, back to the data – Commerzbank
The US Dollar's direction today is likely to be largely determined by the US Non-Farm Payrolls report, which will be released at 1:30 pm BST. The employment report has taken a back seat in terms of its impact on the USD in recent months due to US tariff policy.
NFP
Employment
Banks
DollarIndex
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Forex Live
GBPUSD erased all the post tariffs announcement gains as the greenback fights back
The USD got hit hard by the tariffs announcement as traders aggressively increased the rate cuts bets for the Fed, but it's a different story today as the greenback continues to fight back
GBP
USD
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Fxstreet
EUR/USD: More likely to pause and trade in a 1.0950/1.1150 range – UOB Group
Outsized rally seems excessive; instead of continuing to rise, Euro (EUR) is more likely to pause and trade in a 1.0950/1.1150 range vs US Dollar (USD).
Technical Analysis
EURUSD
Banks
News Discussion Forum
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Fxstreet
Gold price erases earlier losses after China replies on Trump's tariffs
Gold price (XAU/USD) is trying to reclaim $3,100 and is at that level at the time of writing with the price action back to being flat on the day.
TradeWar
UnitedStates
SEO
Gold
Commodities
News Discussion Forum
By
Fxstreet
Silver price today: Silver falls, according to FXStreet data
Silver prices (XAG/USD) fell on Friday, according to FXStreet data.
Silver
Metals
Commodities
News Discussion Forum
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Fxstreet
EUR: The surprise beneficiary – ING
The euro is proving the surprise beneficiary of the trade-driven sell-off in risk assets, ING's FX analyst Chris Turner notes.
Technical Analysis
EURUSD
Banks
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Forex Live
Japan PM Ishiba: I want to set up a tariffs response headquarters soon
Comments from Japanese PM Ishiba
JPY
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Fxstreet
Silver Price Analysis: XAG/USD seems vulnerable to slide further below $31.00 mark
Silver (XAG/USD) adds to the previous day's heavy losses and attracts some follow-through selling for the second successive day on Friday.
Technical Analysis
Silver
Commodities
XAGUSD
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Forex Live
Crude oil extends the selloff amid bigger supply boost and recessionary fears
Crude oil is approaching a key support zone after a strong selloff triggered by recessionary fears and exacerbated by a surprising bigger boost to supply from OPEC+
Oil
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Forex Live
Oil sinks to lowest in almost two years
WTI crude is down to its lowest since May 2023 while Brent crude has tumbled to its lowest since November 2021
Oil
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Forex Live
UK March construction PMI 46.4 vs 46.0 expected
Latest data released by S&P Global - 4 April 2025
GBP
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Forex Live
Precious metals continue to struggle towards the end of the week
Gold has struggled to put out new highs after Trump's tariffs but silver is among those that has been hammered down pretty badly
Silver
Gold
News Discussion Forum
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Forex Live
The NFP is old news, focus on Fed Chair Powell today
The NFP data doesn't reflect the worse than expected tariffs announcement, therefore it's old news now. The focus should be on Powell as he has the power to turn the sentiment around
market overview
News Discussion Forum
By
Forex Live
EUR/USD eases back a little to start the session
The dollar is retracing some of the losses from yesterday
EUR
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