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GBP up 0.6% and outperforming – Scotiabank
GBP up 0.6% and outperforming – Scotiabank
By Fxstreet
GBP up 0.6% and outperforming – Scotiabank
Pound Sterling (GBP) is up 0.6% vs. the US Dollar (USD) and outperforming most of the G10 currencies, Scotiabank's Chief FX Strategist Shaun Osborne notes.
GBPUSD
Banks
Technical Analysis
USD/JPY is 180 pips above the session lows
USD/JPY is 180 pips above the session lows
By Forex Live
USD/JPY is 180 pips above the session lows
Big US dollar bids
EUR starts week with modest gain – Scotiabank
EUR starts week with modest gain – Scotiabank
By Fxstreet
EUR starts week with modest gain – Scotiabank
Euro (EUR) is up 0.2% against the US Dollar (USD) and underperforming most of the G10 currencies with the exception of the Canadian Dollar (CAD) and the Swiss franc (CHF), Scotiabank's Chief FX Strategist Shaun Osborne notes.
Technical Analysis
EURUSD
Banks
CAD: BoC decision looms – Scotiabank
CAD: BoC decision looms – Scotiabank
By Fxstreet
CAD: BoC decision looms – Scotiabank
The Canadian Dollar (CAD) is modestly lower on the day but has made a little more progress overnight to reach its highest level against the US Dollar (USD) since early November.
Technical Analysis
Canada
BOC
USDCAD
Banks
US port import volumes set to plunge as tariffs bite
US port import volumes set to plunge as tariffs bite
By Forex Live
US port import volumes set to plunge as tariffs bite
Forecasts from the latest Global Port Tracker report from the National Retail Federation and Hackett Associates highlight a grim picture
USD remains weak, stocks rebound – Scotiabank
USD remains weak, stocks rebound – Scotiabank
By Fxstreet
USD remains weak, stocks rebound – Scotiabank
A late Friday reprieve for consumer electronic imports from the 145% tariff on Chinese goods and the 10% flat rate tariff marks another concession to the global markets, allowing for solid gains in Asian and European equities, along with firmer US equity futures.
Technical Analysis
Equities
Banks
DollarIndex
Gold price declines toward $3,200 as markets assess trade war headlines
Gold price declines toward $3,200 as markets assess trade war headlines
By Fxstreet
Gold price declines toward $3,200 as markets assess trade war headlines
Gold price started the week with a small bearish gap but managed to regain its traction during the Asian trading hours. After touching a new record-high of $3,245, XAU/USD entered a consolidation phase and declined toward $3,200.
Gold
XAUUSD
Technical Analysis
Fundamental Analysis
Commodities
OPEC lows its demand growth forecast this year
OPEC lows its demand growth forecast this year
By Forex Live
OPEC lows its demand growth forecast this year
Is that setting up for a reversal in ouput hikes?
Canada February wholesale trade +0.3% vs +0.4% expected
Canada February wholesale trade +0.3% vs +0.4% expected
By Forex Live
Canada February wholesale trade +0.3% vs +0.4% expected
Canada February 2025 wholesale trade sales
WH Economic Adviser Hassett: Making enormous progress on tariff talks with EU
WH Economic Adviser Hassett: Making enormous progress on tariff talks with EU
By Fxstreet
WH Economic Adviser Hassett: Making enormous progress on tariff talks with EU
In an interview with Fox Business Network on Monday, Kevin Hassett, Director of the US National Economic Council (NEC), said that they are making "enormous progress" on tariff talks with the European Union, per Reuters.
UnitedStates
Politics
Macroeconomics
CAD in focus ahead of inflation and BoC meeting – Danske Bank
CAD in focus ahead of inflation and BoC meeting – Danske Bank
By Fxstreet
CAD in focus ahead of inflation and BoC meeting – Danske Bank
Tariff exemptions from the US offered temporary support to the dollar, but broader concerns about credibility and economic weakness continue to weigh. With market correlations breaking down and investor confidence shaken, USD pressure may persist in the near term, Danske Bank's FX analysts report.
Canada
BOC
USDCAD
Banks
USD/CNH: Likely to trade between 7.2430 and 7.3700 for now – UOB Group
USD/CNH: Likely to trade between 7.2430 and 7.3700 for now – UOB Group
By Fxstreet
USD/CNH: Likely to trade between 7.2430 and 7.3700 for now – UOB Group
Chance for US Dollar (USD) to dip below 7.2700; the major support at 7.2430 seems to be out of reach.
Technical Analysis
USDCNH
Banks
TRY: Keeping an eye on inflation expectations ahead of rate meeting – Commerzbank
TRY: Keeping an eye on inflation expectations ahead of rate meeting – Commerzbank
By Fxstreet
TRY: Keeping an eye on inflation expectations ahead of rate meeting – Commerzbank
The latest version of market inflation expectations, published on Friday by Turkey’s central bank (CBT) showed inflation expectation for end-2025 rising by 2pp from 28% to 30%. The margin is not insignificant.
Turkey
CBRT
Banks
USDTRY
ForexLive European FX news wrap: Dollar struggles continue as markets stay on edge
ForexLive European FX news wrap: Dollar struggles continue as markets stay on edge
By Forex Live
ForexLive European FX news wrap: Dollar struggles continue as markets stay on edge
Forex news from the European morning session on Apr 14, 2025
Session wrap
Wrap Europe
USD/JPY: Likely to trade in a 142.30/144.30 range – UOB Group
USD/JPY: Likely to trade in a 142.30/144.30 range – UOB Group
By Fxstreet
USD/JPY: Likely to trade in a 142.30/144.30 range – UOB Group
US Dollar (USD) is likely to trade in a 142.30/144.30 range vs Japanese Yen (JPY). In the longer run, USD could continue to decline, but given the deeply oversold conditions, it remains to be seen if 139.55 is within reach, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Technical Analysis
USDJPY
Banks
Does the weakness of the USD make it easier for other central banks? – Commerzbank
Does the weakness of the USD make it easier for other central banks? – Commerzbank
By Fxstreet
Does the weakness of the USD make it easier for other central banks? – Commerzbank
In addition to the flight to safe havens, the prospect of a further normalisation of monetary policy by the Bank of Japan is also likely to have supported the yen recently. According to statements made by BoJ Chairman Kazuo Ueda this morning, however, the central bank is leaving all options open.
DollarIndex
Banks
Technical Analysis
CentralBanks
US Dollar continues to bleed on firming US economic risks
US Dollar continues to bleed on firming US economic risks
By Fxstreet
US Dollar continues to bleed on firming US economic risks
The US Dollar (USD) continues to face an intense selling pressure, with the US Dollar Index (DXY) sliding to near 99.50. The USD Index has extended its losing streak for the third trading day amid escalating trade war between the United States (US) and China.
China
TradeWar
Fed
EconomicHealth
DollarIndex
NZD/USD: The next major resistance at 0.5905 is likely out of reach for now – UOB Group
NZD/USD: The next major resistance at 0.5905 is likely out of reach for now – UOB Group
By Fxstreet
NZD/USD: The next major resistance at 0.5905 is likely out of reach for now – UOB Group
The next major resistance for NZD/USD at 0.5905 is likely out of reach for now. In the longer run, NZD is expected to strengthen; the level to watch is 0.5905, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Technical Analysis
Banks
NZDUSD
US: Trump is backpadeling further – Commerzbank
US: Trump is backpadeling further – Commerzbank
By Fxstreet
US: Trump is backpadeling further – Commerzbank
And the backpedaling continues. In addition to the three-month tariff pause, the US government has now also expanded its list of goods exempt from reciprocal tariffs. This now includes all kinds of electronic goods.
TradeWar
UnitedStates
Politics
Banks
DollarIndex
EUR/CHF: Tests Key Support at 0.9210 – Société Générale
EUR/CHF: Tests Key Support at 0.9210 – Société Générale
By Fxstreet
EUR/CHF: Tests Key Support at 0.9210 – Société Générale
EUR/CHF is testing a critical support level at 0.9210 after losing the 200-DMA earlier this month. A sustained break lower could open the door to deeper declines towards 0.9155 and 0.9050/0.9025, while resistance looms near the 200-DMA at 0.9410/0.9430, Société Générale's FX analysts note.
Technical Analysis
EURCHF
Banks
CHF: How fast is too fast for the SNB? – Commerzbank
CHF: How fast is too fast for the SNB? – Commerzbank
By Fxstreet
CHF: How fast is too fast for the SNB? – Commerzbank
The Swiss franc benefited significantly from its safe-haven status after the announcement of the reciprocal US tariffs. However, the rapid appreciation is likely to be a thorn in the side of the SNB.
Technical Analysis
EURCHF
USDCHF
SNB
Banks
Gold rebounds sharply after early April dip – Société Générale
Gold rebounds sharply after early April dip – Société Générale
By Fxstreet
Gold rebounds sharply after early April dip – Société Générale
Gold staged a strong V-shaped recovery after an early April pullback, holding key support near $3135. Despite overbought signals, momentum remains intact, with eyes now on the next upside targets at $3290 and $3345/3370, Société Générale's FX analysts note.
Technical Analysis
XAUUSD
Metals
Gold
Banks
Silver Price Forecast: XAG/USD holds onto gains near $32.30 as US-China trade war intensifies
Silver Price Forecast: XAG/USD holds onto gains near $32.30 as US-China trade war intensifies
By Fxstreet
Silver Price Forecast: XAG/USD holds onto gains near $32.30 as US-China trade war intensifies
Siver price (XAG/USD) clings to Friday’s gains near $32.30 during European trading hours on Monday. The white metal exhibits strength as the US Dollar (USD) continues to dive amid the intensifying trade war between the United States (US) and China.
Silver
XAGUSD
Fed
DollarIndex
YieldCurve
Oil: Tariff relief vs Iranian talks – ING
Oil: Tariff relief vs Iranian talks – ING
By Fxstreet
Oil: Tariff relief vs Iranian talks – ING
The oil market is quiet in early morning trading today, after settling lower for a second consecutive week last week. News that the Trump administration is offering tariff exemptions on certain electronics products initially supported risk assets.
Oil
Energy
WTI
Commodities
Banks
Crude oil comes back to the key resistance zone. Another rejection or breakout ahead?
Crude oil comes back to the key resistance zone. Another rejection or breakout ahead?
By Forex Live
Crude oil comes back to the key resistance zone. Another rejection or breakout ahead?
The reciprocal tariffs pause gave crude oil a boost as growth fears eased on expectations of more de-escalation.
AUD/USD: Chance to test the key resistance at 0.6390 – UOB Group
AUD/USD: Chance to test the key resistance at 0.6390 – UOB Group
By Fxstreet
AUD/USD: Chance to test the key resistance at 0.6390 – UOB Group
Further AUD strength is not ruled out, but any advance is likely part of a higher range of 0.6230/0.6330. In the longer run, AUD is likely to trade with an upward bias, potentially testing the key resistance at 0.6390, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.
AUDUSD
Technical Analysis
Banks
Chinese Gold ETFs see record inflows – ING
Chinese Gold ETFs see record inflows – ING
By Fxstreet
Chinese Gold ETFs see record inflows – ING
Recent reports suggest that Chinese gold exchange-traded funds (ETF) inflows reached a fresh daily record late last week. Investors continue to rush towards the yellow metal amid intensifying trade tensions.
Gold
Metals
Commodities
XAUUSD
Banks
USD: Hard to sustain those levels of volatility – ING
USD: Hard to sustain those levels of volatility – ING
By Fxstreet
USD: Hard to sustain those levels of volatility – ING
Last week’s FX volatility reached crisis-like levels, sparking fears of deeper market stress. A breakdown in traditional correlations and talk of coordinated dollar devaluation suggest global investors are bracing for structural shifts in US policy, ING’s FX analyst Chris Turner notes.
Technical Analysis
EURUSD
Fed
Banks
DollarIndex
EUR/USD falls back as US Dollar rebounds, US stagflation risks remain intact
EUR/USD falls back as US Dollar rebounds, US stagflation risks remain intact
By Fxstreet
EUR/USD falls back as US Dollar rebounds, US stagflation risks remain intact
EUR/USD surrenders a majority of intraday gains and falls back from the high of 1.1400 to near 1.1330 in Monday’s North American session. The major currency pair struggles to reclaim the over-three-year high of 1.1474, which it posted on Friday.
Recession
ECB
EURUSD
Fed
SEO
GBP/USD: Outlook for GBP has shifted to positive – UOB Group
GBP/USD: Outlook for GBP has shifted to positive – UOB Group
By Fxstreet
GBP/USD: Outlook for GBP has shifted to positive – UOB Group
Pound Sterling (GBP) is likely to trade in a range vs US Dollar (USD), probably between 1.3000 and 1.3145. In the longer run, outlook for GBP has shifted to positive; the two technical levels to watch are 1.3210 and 1.3290, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.
GBPUSD
Technical Analysis
Banks
GBP: Macro back in focus this week – ING
GBP: Macro back in focus this week – ING
By Fxstreet
GBP: Macro back in focus this week – ING
Sterling rallied against the dollar but sold off against the euro last week, ING’s FX analyst Chris Turner notes.
Technical Analysis
EURGBP
Banks
GBPUSD
EUR/USD: Rally may take a pause – UOB Group
EUR/USD: Rally may take a pause – UOB Group
By Fxstreet
EUR/USD: Rally may take a pause – UOB Group
Rally may take a pause; Euro (EUR) is likely to trade between 1.1240 and 1.1415 vs US Dollar (USD). In the longer run, further EUR strength is not ruled out, but it may first range-trade for a couple of days.
Technical Analysis
EURUSD
Banks
Markets consolidate ahead of Trump's update on semiconductor tariffs
Markets consolidate ahead of Trump's update on semiconductor tariffs
By Forex Live
Markets consolidate ahead of Trump's update on semiconductor tariffs
It's been a boring session so far as markets are probably awaiting more info on semiconductor tariffs
market overview
Silver price today: Silver broadly unchanged, according to FXStreet data
Silver price today: Silver broadly unchanged, according to FXStreet data
By Fxstreet
Silver price today: Silver broadly unchanged, according to FXStreet data
Silver prices (XAG/USD) broadly unchanged on Monday, according to FXStreet data.
Silver
Commodities
Metals
EUR: Tracing out a new 1.12-1.15 EUR/USD range – ING
EUR: Tracing out a new 1.12-1.15 EUR/USD range – ING
By Fxstreet
EUR: Tracing out a new 1.12-1.15 EUR/USD range – ING
EUR/USD did some serious damage to the long-term charts last week and broke out of a bear trend which had roughly contained price action since 2008. 1.11/1.12 is now going to be important support, and presumably the buy-side (including both the private and public sectors) will now be EUR/USD buyers
Technical Analysis
EURUSD
Banks
NZD/USD Price Forecast: Hits fresh YTD top, bulls flirt with 200-day SMA near 0.5900
NZD/USD Price Forecast: Hits fresh YTD top, bulls flirt with 200-day SMA near 0.5900
By Fxstreet
NZD/USD Price Forecast: Hits fresh YTD top, bulls flirt with 200-day SMA near 0.5900
The NZD/USD pair is seen building on last week's solid recovery from the 0.5485 region, or its lowest level since March 2020, and gaining strong follow-through positive traction for the fourth successive day on Monday.
Technical Analysis
China
Currencies
Fed
NZDUSD
Bitcoin is testing a key trendline. Reversal or breakout ahead?
Bitcoin is testing a key trendline. Reversal or breakout ahead?
By Forex Live
Bitcoin is testing a key trendline. Reversal or breakout ahead?
Bitcoin got a lift from the improving sentiment following Trump's pause in reciprocal tariffs and hopes for more de-escalation ahead
EUR/JPY moves sideways near 163.00, upside appears due to improved global risk mood
EUR/JPY moves sideways near 163.00, upside appears due to improved global risk mood
By Fxstreet
EUR/JPY moves sideways near 163.00, upside appears due to improved global risk mood
EUR/JPY experiences volatility during European hours on Monday, trading near the 163.00 mark. The Euro finds support as improved global risk sentiment boosts demand for risk-sensitive assets.
Crosses
Eurozone
Japan
EURJPY
Macroeconomics
Palladium price today: Rare metals advance at the start of the European session
Palladium price today: Rare metals advance at the start of the European session
By Fxstreet
Palladium price today: Rare metals advance at the start of the European session
Platinum Group Metals (PGMs) trade with a positive tone at the beginning of Monday, according to FXStreet data.
Palladium
Platinum
Commodities