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EUR/USD Price Analysis: Bulls extend control as EUR/USD breaks above 1.1100
EUR/USD Price Analysis: Bulls extend control as EUR/USD breaks above 1.1100
EUR/USD saw a sharp rally on Thursday, climbing strongly and settling near the 1.1100 area after the European session.
EURUSD
Majors
Currencies
Technical Analysis
Why the US dollar is plunging
Why the US dollar is plunging
Deutsche Bank on why the dollar is sinking
ECB's Kazimir: US tariffs already factored into worse scenarios
ECB's Kazimir: US tariffs already factored into worse scenarios
European Central Bank (ECB) board member Peter Kazimir said on Thursday that the United States' tariffs, to a large extent, are already factored into their forecasts among the worse scenarios that they must brace for, per Reuters.
ECB
CentralBanks
Silver Price Forecast: XAG/USD nosedives below $32 on “Buy the Rumour Sell the News”
Silver Price Forecast: XAG/USD nosedives below $32 on “Buy the Rumour Sell the News”
Silver price is down almost 5% during North American trading hours on Thursday, tests territory below $32.00. The price of the white metal has become vulnerable after United States (US) President Donald Trump unveiled a detailed reciprocal tariff plan for his trading partners.
Silver
China
TradeWar
Fed
XAGUSD
The White House is not in the mood for negotiations
The White House is not in the mood for negotiations
CNBC indicating that no deals are coming
Politics
US ISM Services PMI drops to 50.8 in March
US ISM Services PMI drops to 50.8 in March
Economic activity in the US service sector eased momentum in March, with the ISM Services PMI receding to 50.8 from 53.5 in February, missing analysts’ estimates of 53.0.
EconomicIndicator
DollarIndex
NZD/USD jumps to near 0.5850 as the US Dollar takes a hard hit after Liberation Day
NZD/USD jumps to near 0.5850 as the US Dollar takes a hard hit after Liberation Day
The NZD/USD pair advances swiftly to near 0.5850 in Thursday’s North American session.
NZDUSD
PMI
Fed
DollarIndex
China
March ISM services 50.8 vs 53.0 expected
March ISM services 50.8 vs 53.0 expected
The ISM services index for March 2025
US March S&P Global final services PMI 54.4 vs 54.3 prelim
US March S&P Global final services PMI 54.4 vs 54.3 prelim
The final services and composite PMI from S&P Global
US: Initial Jobless Claims dropped to 219K last week
US: Initial Jobless Claims dropped to 219K last week
US citizens filing new applications for unemployment insurance ticked lower to 219K for the week ending March 29, as reported by the US Department of Labor (DOL) on Thursday. This print missed initial estimates and was lower than the previous week's revised tally of 225K (revised from 224K).
Employment
EconomicIndicator
UnitedStates
DollarIndex
US trade balance -$122.7 billion vs -$123.5 billion expected
US trade balance -$122.7 billion vs -$123.5 billion expected
US trade balance slightly better than anticipated
Lutnick: I don't think there will be exemptions
Lutnick: I don't think there will be exemptions
Comments from the Commerce Secretary on CNBC
Politics
US Commerce Sec. Lutnick: Most countries to examine trade policies after Trump's reciprocal tariffs
US Commerce Sec. Lutnick: Most countries to examine trade policies after Trump's reciprocal tariffs
In an interview with CNBC on Thursday, US Commerce Secretary Howard Lutnick said that he expects most countries to start to really examine their trade policies after US President Donald Trump's reciprocal tariff announcements, per Reuters.
TradeWar
UnitedStates
ForexLive European FX news wrap: Dollar, stocks slammed as Trump tariffs rattle markets
ForexLive European FX news wrap: Dollar, stocks slammed as Trump tariffs rattle markets
Forex news from the European morning session on Apr 3, 2025
Session wrap
Wrap Europe
USD/CAD tumbles to near 1.4100 as US Dollar nosedives on US recession risks
USD/CAD tumbles to near 1.4100 as US Dollar nosedives on US recession risks
The USD/CAD pair faces a sharp sell-off and slides to near 1.4100 during European trading hours on Thursday. The Loonie pair weakens as the US Dollar (USD) nosedives after the release of the reciprocal tariff plan by United States (US) President Donald Trump on Wednesday.
Canada
TradeWar
USDCAD
UnitedStates
Inflation
ECB Accounts: Uncertainty calls for caution in policy-setting and in communication
ECB Accounts: Uncertainty calls for caution in policy-setting and in communication
The accounts of the European Central Bank's (ECB) March policy meeting showed on Thursday that likely shocks are on the horizon, including from escalating trade tensions, and uncertainty more generally, per Reuters.
ECB
CentralBanks
USD/JPY can continue to weaken – UOB Group
USD/JPY can continue to weaken – UOB Group
US Dollar (USD) could continue to weaken vs Japanese Yen (JPY); oversold conditions suggest any decline is unlikely to reach 146.50 today. In the longer run, increase in momentum indicates further USD weakness; the level to watch is 146.50, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.
Technical Analysis
USDJPY
Banks
EUR/USD adds to initial gains and breaches 1.09 – Danske Bank
EUR/USD adds to initial gains and breaches 1.09 – Danske Bank
EUR/USD seesawed on yesterday's tariff announcement, initially rallying above 1.09 on the relatively benign 10% flat tariff applied to all US trading partners, declining on the more aggressive reciprocal tariff measures, and then moving back above 1.09 again, Danske Bank's FX analyst Stefan Mellin r
Technical Analysis
EURUSD
Banks
US Dollar unable to recover as losses already amount to an excessive 2.10% in the DXY
US Dollar unable to recover as losses already amount to an excessive 2.10% in the DXY
The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, is getting knocked out and is against the canvas.
TradeWar
UnitedStates
SEO
Macroeconomics
DollarIndex
US March Challenger layoffs 275.24k vs 172.02k prior
US March Challenger layoffs 275.24k vs 172.02k prior
Latest data released by Challenger, Gray & Christmas, Inc. - 3 April 2025
USD/JPY: Low achieved last month at 146.50/145.80 is first support – Societe Generale
USD/JPY: Low achieved last month at 146.50/145.80 is first support – Societe Generale
USD/JPY rebound petered out at the 200-DMA near 151.30/151.60 last month, Societe Generale's FX analysts report.
Technical Analysis
USDJPY
Banks
Putin says ready to keep fighting if he doesn't like Ukraine deal
Putin says ready to keep fighting if he doesn't like Ukraine deal
The Russian president says he will have to see if Trump can deliver on Ukraine concessions
Politics
OPEC+ agrees to stick to further production hike in May
OPEC+ agrees to stick to further production hike in May
But they will be pushing out more production next month than previously planned
S&P 500 is starting to roll over ahead of the US session open
S&P 500 is starting to roll over ahead of the US session open
The S&P 500 sold off yesterday following the tariffs announcement but stalled around the March lows. Will we continue lower or do we get a bounce?
S&P Futures
AUD/USD jumps to near 0.6350 as US Dollar plummets after Trump’s tariff plan
AUD/USD jumps to near 0.6350 as US Dollar plummets after Trump’s tariff plan
The AUD/USD pair moves higher and advances toward the two-week high of 0.6350 in Thursday’s European session.
Recession
China
Fed
UnitedStates
AUDUSD
USD/JPY: Safe-haven flows push the pair downwards – OCBC
USD/JPY: Safe-haven flows push the pair downwards – OCBC
USD/JPY fell as demand for safe-haven overwhelms even as Japan is slapped with 24% reciprocal tariff rate.
USDJPY
Technical Analysis
Banks
NZD/USD: Current price movements are likely part of a range – UOB Group
NZD/USD: Current price movements are likely part of a range – UOB Group
New Zealand Dollar (NZD) is expected to trade in a 0.5670/0.5770 range vs US Dollar (USD). NZD rebounded two days ago and closed at 0.5701. In the longer run, current price movements are likely part of a 0.5640/0.5800 range, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Technical Analysis
Banks
NZDUSD
EU trade commissioner says will talk to US counterparts tomorrow
EU trade commissioner says will talk to US counterparts tomorrow
Remarks by EU trade commissioner, Maroš Šefčovič