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Gold price crashed over 2.8% as Powell turn hawkish on tariffs and inflation
Gold price crashed over 2.8% as Powell turn hawkish on tariffs and inflation
Gold prices extend their drop for the second consecutive day, hitting a seven-day low of $3,023 per troy ounce, down more than 2.80% as Federal Reserve Chair Jerome Powell turned hawkish in a conference in Virginia.
Gold
XAUUSD
RiskAversion
Fed
EUR/USD cycles 1.10 after Powell pushes back on rate cut bets
EUR/USD cycles 1.10 after Powell pushes back on rate cut bets
EUR/USD churned near 1.1000 on Friday, sticking mostly flat as exhausted markets were greeted by an overly-cautious Federal Reserve (Fed) Chair Powell, who warned that inflation and recession risks thanks to tariffs will make it less, not more, likely that the Fed will cut rates sooner.
EURUSD
Fed
InterestRate
Inflation
TradeWar
EUR/USD with losses on Powell's words, bulls take a breather
EUR/USD with losses on Powell's words, bulls take a breather
During Friday’s session following the European close, the EUR/USD pair slipped back toward the 1.1000 area, surrendering part of its early-week strength.
EURUSD
Majors
Currencies
Technical Analysis
EURUSD gives the sellers a small victory in the short term
EURUSD gives the sellers a small victory in the short term
Price back below a swing area extreme from 2024
Trump indicates he is in deal mode after call with Vietnam
Trump indicates he is in deal mode after call with Vietnam
Vietnam tariffs were one of the biggest surprises this week
Politics
AUDUSD meltdown: Sellers crush support in the biggest drop since 2012
AUDUSD meltdown: Sellers crush support in the biggest drop since 2012
Break below key MAs and tariff escalation fuel a -4.40% plunge; buyers sidelined as the pair targets pandemic-era lows near 0.5985
Why is Bitcoin Going Down? China’s 34% Tariff Deepens Market Decline
Why is Bitcoin Going Down? China’s 34% Tariff Deepens Market Decline
News Discussion Forum
By Finance Magnates
Why is Bitcoin Going Down? China’s 34% Tariff Deepens Market Decline
Global markets took a sharp hit today (Friday) after China announced a 34% tariff on all U.S. goods, escalating tensions in the ongoing trade war.
Trump Tariffs
china
Malta Issues $1.2 Million Fine to OKX for Past AML Failures amid MiCA License
Malta Issues $1.2 Million Fine to OKX for Past AML Failures amid MiCA License
News Discussion Forum
By Finance Magnates
Malta Issues $1.2 Million Fine to OKX for Past AML Failures amid MiCA License
Cryptocurrency exchange OKX is under regulatory scrutiny in Europe after Maltese authorities issued a fine for violations of AML laws.
MiCA
OKX Bybit
malta
complaince
NASDAQ index trades down as much as 21.2% from it's all time high
NASDAQ index trades down as much as 21.2% from it's all time high
S&P index trades down -15.25% from it's all time high
USDJPY caught between key support and resistance as directional bias narrows
USDJPY caught between key support and resistance as directional bias narrows
Sellers lean on 146.534 while buyers defend 144.40–144.52; a breakout from the range will set the next directional move
Octa Recognised as the Most Innovative Broker 2025 by FXDailyInfo
Octa Recognised as the Most Innovative Broker 2025 by FXDailyInfo
News Discussion Forum
By Finance Magnates
Octa Recognised as the Most Innovative Broker 2025 by FXDailyInfo
Octa broker introduced new cutting-edge features to its trading platform, OctaTrader.
USDCHF remains under pressure near 2024 consolidation lows
USDCHF remains under pressure near 2024 consolidation lows
USDCHF pair remains bearish below 0.8557; key support levels in focus as sellers stay in control
USD recovers but sentiment remains weak – Scotiabank
USD recovers but sentiment remains weak – Scotiabank
The impact of this week’s US tariff announcement continues to reverberate around global markets. Stocks continue to weaken, havens – bonds – remain strongly bid.
Technical Analysis
Banks
DollarIndex
S&P 500 futures down 2.4%
S&P 500 futures down 2.4%
US stock futures down 2.4%
USDCAD stalls at key resistance after diverging jobs data from Canada and U.S.
USDCAD stalls at key resistance after diverging jobs data from Canada and U.S.
Weaker Canadian employment and stronger U.S. jobs lift USDCAD, but key technical barriers at 1.42386 and above stand in the way of further gains.
Canada Unemployment Rate edged higher to 6.7% in March
Canada Unemployment Rate edged higher to 6.7% in March
The Unemployment Rate in Canada edged higher to 6.7% in March from 6.6% in February, Statistics Canada reported on Friday. This reading came in line with the market expectation.
Canada
Employment
EconomicIndicator
AUD/USD nosedives to near 0.6050 as RBA dovish bets swell dramatically
AUD/USD nosedives to near 0.6050 as RBA dovish bets swell dramatically
The AUD/USD pair tanks more than 3.5% below 0.6100 during early North American trading hours on Friday.
NFP
RBA
China
TradeWar
AUDUSD
A technical look at the EURUSD, USDJPY and GBPUSD ahead of the US jobs report
A technical look at the EURUSD, USDJPY and GBPUSD ahead of the US jobs report
Stocks slide again after worst day since 2020. Yields fall another 13 to 22 basis points. China retaliates
Silver price under massive pressure – Commerzbank
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
Gold price initially rises to record high and then falls sharply – Commerzbank
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
ForexLive European FX news wrap: China counter-tariffs amplify market rout
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
USD/CNH: Set to weaken to 7.2430 before stabilisation can be expected – UOB Group
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
XRP Price Declines Despite Coinbase Filing with CFTC to Launch XRP Futures Contracts
XRP Price Declines Despite Coinbase Filing with CFTC to Launch XRP Futures Contracts
News Discussion Forum
By Finance Magnates
XRP Price Declines Despite Coinbase Filing with CFTC to Launch XRP Futures Contracts
Crypto exchange Coinbase filed with the Commodity Futures Trading Commission (CFTC) to launch futures contracts for Ripple’s XRP token yesterday.
coinbase
ripple. xrp
Ripple
CFTC
crypto
China Finance Ministry: Will impose additional 34% tariffs on all US goods from April 10
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
Brent: Next objectives are located at $65.50/64.70 and $63 – Societe Generale
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
USD/JPY: Below 145.00, further decline is likely – UOB Group
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
EUR/GBP: Above 0.8510/0.8530, a larger upside is likely – Societe Generale
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
Risk-off flows intensify ahead of US trading
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
NZD/USD must close above 0.5850 for further sustained rise – UOB Group
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
AUD hit the hardest amid the risk-off flows
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
Copper slumps as tariffs threaten global growth outlook – ING
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
US Dollar falls flat after China retaliates
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
AUD/USD: Above 0.6410, further advances can be expected – UOB Group
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