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EUR/USD rises as US Dollar drops ahead of Trump’s tariff announcement
EUR/USD rises as US Dollar drops ahead of Trump’s tariff announcement
EUR/USD rises to near 1.0820 during North American trading hours on Wednesday.
EURUSD
ECB
Fed
TradeWar
SEO
AUD/USD: Increase in momentum indicates AUD can continue to decline – UOB Group
AUD/USD: Increase in momentum indicates AUD can continue to decline – UOB Group
Australian Dollar (AUD) is likely to trade in a 0.6250/0.6300 range vs US Dollar (USD). In the longer run, increase in momentum indicates AUD could continue to decline, but it is too early to determine if it can reach 0.6185, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.
Technical Analysis
Banks
AUDUSD
GBP: Testing the relative safe-haven status – ING
GBP: Testing the relative safe-haven status – ING
The UK’s goods exports to the US are worth just below 2% of GDP compared to 3% for the eurozone. It is no massive difference, but the EU has been much more in the focus of Trump’s confrontational foreign approach, ING’s FX analysts Francesco Pesole notes.
Technical Analysis
EURGBP
Banks
GBPUSD
USD/JPY: Bias to sell rallies – OCBC
USD/JPY: Bias to sell rallies – OCBC
USD/JPY remains caught in a 2-way trade between safe haven demand and JPY being directly hit by reciprocal tariffs. Pair was last at 149.60, OCBC's FX analysts Frances Cheung and Christopher Wong note.
Technical Analysis
USDJPY
Banks
USD: Tariff announcement at 10PM CET – ING
USD: Tariff announcement at 10PM CET – ING
The market reaction to today’s 'liberation day' will depend on the size of tariffs, geographical/sectorial distribution, and openness to negotiation. The announcement is due at 4PM ET/10PM CET, ING’s FX analysts Francesco Pesole notes.
Technical Analysis
TradeWar
Banks
DollarIndex
Silver price today: Silver rises, according to FXStreet data
Silver price today: Silver rises, according to FXStreet data
Silver prices (XAG/USD) rose on Wednesday, according to FXStreet data.
Silver
Commodities
Metals
ECB’s Rehn: Trade protectionism is a key risk to economic outlook
ECB’s Rehn: Trade protectionism is a key risk to economic outlook
European Central Bank (ECB) policymaker Olli Rehn said on Wednesday, “trade protectionism is a key risk to economic outlook.”
ECB
EURUSD
CentralBanks
InterestRate
Lagarde speech: Tariffs aren't good for the global economy
Lagarde speech: Tariffs aren't good for the global economy
European Central Bank (ECB) President Christine Lagarde warned on Wednesday, “tariffs aren't good for the global economy.”
ECB
EURUSD
CentralBanks
InterestRate
DXY: 2-way trades into event risk – OCBC
DXY: 2-way trades into event risk – OCBC
US Dollar (USD) held steady as markets await reciprocal tariff announcement on 2 Apr (4pm ET/4am SGT Thurs morning). There are reports to suggest that Trump’s team is still in the midst of finalising tariffs, with options ranging from reciprocal to tiered to universal tariffs.
Technical Analysis
Banks
DollarIndex
Gold price orbits around $3,120 awaiting Trump's reciprocal tariffs announcement
Gold price orbits around $3,120 awaiting Trump's reciprocal tariffs announcement
Gold price (XAU/USD) stabilizes above $3,120 at the time of writing on Wednesday with still the fresh all-time nearby, at $3,149. The Gold rush rally stalled ahead of United States (US) President Donald Trump officially announcing the reciprocal tariff
Gold
Commodities
UnitedStates
TradeWar
XAUUSD
GBP/USD: Expected to trade in a sideways range of 1.2885/1.2945 – UOB Group
GBP/USD: Expected to trade in a sideways range of 1.2885/1.2945 – UOB Group
Pound Sterling (GBP) is expected to trade in a sideways range of 1.2885/1.2945 vs US Dollar (USD). In the longer run, current price movements are likely part of a range trading phase, expected to be between 1.2850 and 1.3050, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.
Technical Analysis
Banks
GBPUSD
There's lots of focus on the NFP report but it might not matter at all
There's lots of focus on the NFP report but it might not matter at all
The data is by definition backward looking, it has value for the market when it changes expectations
market overview
Liberation Day – but at what price? – Commerzbank
Liberation Day – but at what price? – Commerzbank
The uncertainty that Trump's policy brings with it, through his many U-turns, his erratic statements and his cancellation of long-standing agreements and treaties.
Growth
UnitedStates
TradeWar
Banks
AUD/USD climbs to fresh weekly top, retakes 0.6300 ahead of Trump’s reciprocal tariffs
AUD/USD climbs to fresh weekly top, retakes 0.6300 ahead of Trump’s reciprocal tariffs
The AUD/USD pair attracts some follow-through buyers for the second consecutive day and recovers further from a nearly four-week low, around the 0.6220-0.6215 area touched on Monday.
AUDUSD
RBA
Fed
TradeWar
Currencies
EUR/USD: Current price movements are likely part of a range trading phase – UOB Group
EUR/USD: Current price movements are likely part of a range trading phase – UOB Group
Slight increase in downward momentum is likely to lead to a lower range of 1.0770/1.0820 instead of a sustained decline.
EURUSD
Technical Analysis
Banks
Big moves expected for the USDCAD pair on the tariffs announcement today
Big moves expected for the USDCAD pair on the tariffs announcement today
The "Liberation Day" has finally arrived and CAD traders are bracing for impact
CAD
USD
Major currencies see light changes as traders wait on Trump tariffs
Major currencies see light changes as traders wait on Trump tariffs
The dollar is keeping steadier so far with only the antipodes holding a slight advance
EUR: Room to price in more tariff risk – ING
EUR: Room to price in more tariff risk – ING
EUR/USD has softened a bit into today’s tariff event, but price action suggests strong buying interest below 1.080, in another sign that markets aren’t ready to sink their teeth on a negative, tariff-led euro narrative, ING’s FX analysts Francesco Pesole notes.
EURUSD
Technical Analysis
Banks
Palladium price today: Rare metals mixed at the start of the European session
Palladium price today: Rare metals mixed at the start of the European session
Platinum Group Metals (PGMs) trade mixed at the beginning of Wednesday, according to FXStreet data.
Platinum
Commodities
Palladium
Crude oil price today: WTI price bearish at European opening
Crude oil price today: WTI price bearish at European opening
West Texas Intermediate (WTI) Oil price falls on Wednesday, early in the European session.
Oil
WTI
Commodities
What are the interest rates expectations ahead of the tariffs announcement
What are the interest rates expectations ahead of the tariffs announcement
Let's see what the market is pricing for the major central banks ahead of the reciprocal tariffs announcement at 16:00 ET/20:00 GMT
market overview
Pound Sterling rises against US Dollar while investors await Trump's tariff plan
Pound Sterling rises against US Dollar while investors await Trump's tariff plan
The Pound Sterling (GBP) rises to near around 1.2950 against the US Dollar (USD) in Wednesday’s North American session.
GBPUSD
Fed
BOE
TradeWar
SEO
USDCHF is trading at the upper bound of the range ahead of the tariffs announcement
USDCHF is trading at the upper bound of the range ahead of the tariffs announcement
The USDCHF pair has been stuck in a month-long range but today's tariffs announcement should lead to a breakout on either side.
CHF
USD
Breaking: US ADP Employment Change rose above consensus in March
Breaking: US ADP Employment Change rose above consensus in March
US private-sector hiring took a noticeable uptick in March, with employers adding 155K jobs—far more than the 105K economists had been expecting—according to the latest ADP report. This strong performance also surpasses February’s revised total of 84K (originally reported at 77K).
Breaking
UnitedStates
SEO
Employment
DollarIndex
Change
Forex Today: It's all about Trump's tariff announcements on "Liberation Day"
Forex Today: It's all about Trump's tariff announcements on "Liberation Day"
Here is what you need to know on Wednesday, April 2:
Currencies
TradeWar
Majors
EconomicIndicator
Commodities
European equities reserve caution to start the day
European equities reserve caution to start the day
A slight setback to the gains yesterday
USD/CHF drifts higher to near 0.8850 amid looming Trump tariff
USD/CHF drifts higher to near 0.8850 amid looming Trump tariff
The USD/CHF pair strengthens to around 0.8845 during the early European session on Wednesday.
USDCHF
Majors
Macroeconomics
EUR/INR today: Indian Rupee cross rates mixed at the start of the European session
EUR/INR today: Indian Rupee cross rates mixed at the start of the European session
Indian Rupee (INR) crosses trade mixed at the start of Wednesday, according to FXStreet data.
What are the main events for today?
What are the main events for today?
All eyes on the reciprocal tariffs announcement at 16:00 ET/20:00 GMT
market overview
China keeps up the pressure on Taiwan, to simulate strikes on ground and maritime targets
China keeps up the pressure on Taiwan, to simulate strikes on ground and maritime targets
This is the second day of drills around Taiwan with strong military pressure being applied
Politics
EUR/USD holds positive ground near 1.0800 as traders brace for Trump’s tariff announcement
EUR/USD holds positive ground near 1.0800 as traders brace for Trump’s tariff announcement
The EUR/USD pair trades in positive territory near 1.0790 during the early European trading hours on Wednesday.
EURUSD
Majors
Macroeconomics
Eurozone
Eurostoxx futures -0.3% in early European trading
Eurostoxx futures -0.3% in early European trading
A more cautious mood as broader markets stay on edge awaiting Trump's tariffs announcement
India Gold price today: Gold stays hopeful ahead of Trump's tariff reveal
India Gold price today: Gold stays hopeful ahead of Trump's tariff reveal
Having touched a new record high in India on Tuesday, Gold price has entered a phase of upside consolidation early Wednesday.
Gold
India
Commodities
TradeWar
FX option expiries for Apr 2 NY cut
FX option expiries for Apr 2 NY cut
FX option expiries for Apr 2 NY cut at 10:00 Eastern Time via DTCC can be found below.
Currencies
Options
USDJPY
USD/CAD Price Forecast: Holds above 1.4300, 100-day SMA pivotal support ahead of Trump’s tariffs
USD/CAD Price Forecast: Holds above 1.4300, 100-day SMA pivotal support ahead of Trump’s tariffs
The USD/CAD pair reverses an Asian session dip to sub-1.4300 levels or a fresh weekly low touched during the Asian session on Wednesday, and for now, seems to have stalled the overnight pullback from the 1.4415 area, or a nearly three-week high.
USDCAD
TradeWar
Fed
Technical Analysis
Currencies
All eyes on Trump's tariffs in the day ahead
All eyes on Trump's tariffs in the day ahead
There won't be much in European trading today
economic calendar
Silver Price Forecast: XAG/USD jumps above $33.50 amid looming Trump tariff
Silver Price Forecast: XAG/USD jumps above $33.50 amid looming Trump tariff
The Silver price (XAG/USD) attracts some buyers to around $33.85 during the early European session on Wednesday.
Silver
XAGUSD
Commodities
Technical Analysis
GBP/USD flat lines above 1.2900 mark as traders await Trump’s tariffs announcement
GBP/USD flat lines above 1.2900 mark as traders await Trump’s tariffs announcement
The GBP/USD pair struggles to capitalize on the overnight bounce from the vicinity of the 1.2870 support zone, or a multi-week low touched last Thursday, and oscillates in a narrow band during the Asian session on Wednesday.
GBPUSD
TradeWar
Fed
BOE
Currencies