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Silver price today: Silver rises, according to FXStreet data
Silver price today: Silver rises, according to FXStreet data
Silver prices (XAG/USD) rose on Tuesday, according to FXStreet data.
Silver
Commodities
Metals
ECB's Šimkus: 25 bps rate cut needed in April
ECB's Šimkus: 25 bps rate cut needed in April
European Central Bank (ECB) Governing Council member Gediminas Šimkus said on Tuesday that a“25 basis points (bps) rate cut is needed in April.”
ECB
EURUSD
CentralBanks
InterestRate
Oil: Tariff tensions build – ING
Oil: Tariff tensions build – ING
Oil prices witnessed something of a relief rally this morning. Yet risks are still skewed to the downside as President Trump threatens an additional 50% tariff on Chinese goods if it doesn’t lift its 34% retaliatory tariff today. It's unlikely that China will reverse the policy.
Oil
Energy
Banks
ECB's Simkus: 25 bps rate cut needed in April
ECB's Simkus: 25 bps rate cut needed in April
Remarks by ECB policymaker, Gediminas Šimkus
GBP/USD: Set to edge lower to 1.2675 before stabilising – UOB Group
GBP/USD: Set to edge lower to 1.2675 before stabilising – UOB Group
Pound Sterling (GBP) could edge lower to 1.2675 before stabilisation is likely vs US Dollar (USD); any further decline is unlikely to reach 1.2580.
Technical Analysis
Banks
GBPUSD
Citi slashes China GDP growth forecast for this year to 4.2%
Citi slashes China GDP growth forecast for this year to 4.2%
The firm previously expected the Chinese economy to expand by 4.7% in 2025
NZD/USD sticks to gains near 0.5600 on weaker USD; bulls seem cautious amid tariff worries
NZD/USD sticks to gains near 0.5600 on weaker USD; bulls seem cautious amid tariff worries
The NZD/USD pair gains strong positive traction on Tuesday and builds on its steady intraday ascent through the first half of the European session.
NZDUSD
RiskAppetite
Fed
TradeWar
Currencies
CNY: Controlled depreciation – ING
CNY: Controlled depreciation – ING
USD/CNY edged a little higher today to around 7.33 as the People's Bank of China (PBoC) set its daily fixing above 7.20 for the first time since 2023.
China
USDCNY
USDCNH
Banks
Wall Street price targets and why you should always ignore them
Wall Street price targets and why you should always ignore them
The consensus for 2025 was a 12.3% gain in the S&P 500 by year-end but we are now down more than 20% from the ATH. Here's why you should always ignore such predictions.
market overview
EU's von der Leyen says had constructive phone call with Chinese premier Li Qiang
EU's von der Leyen says had constructive phone call with Chinese premier Li Qiang
The two discussed the state of EU-China relations and also touched on trade
Gold slides below $3,000 – ING
Gold slides below $3,000 – ING
Gold fell further on Monday, with prices sliding below $3,000/oz.
XAUUSD
Metals
Gold
Banks
India Gold price today: Gold rebounds as US-China trade war revives haven demand
India Gold price today: Gold rebounds as US-China trade war revives haven demand
Gold prices in India witnesses a turnaround Tuesday as the US-China trade war escalates and revives the safe-haven demand for the bullion.
Gold
India
Commodities
TradeWar
EUR/USD: Likely to trade between 1.0860 and 1.1030 – UOB Group
EUR/USD: Likely to trade between 1.0860 and 1.1030 – UOB Group
Euro (EUR) is likely to trade between 1.0860 and 1.1030. In the longer run, decrease in momentum indicates the chance for EUR to rise has diminished; a breach of 1.0850 would suggest EUR has entered a range-trading phase, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.
Technical Analysis
EURUSD
Banks
Dollar stays on the backfoot in European morning trade
Dollar stays on the backfoot in European morning trade
Not too much going on as markets seek a breather before the next set of tariff headlines in US later
EUR: Stable short-term fair value around 1.090 – ING
EUR: Stable short-term fair value around 1.090 – ING
EUR/USD is trading just below 1.10 after having oscillated in a wide band (1.088-1.104) since the weekend.
Technical Analysis
EURUSD
Banks
UBS cuts Eurozone growth forecast for this year to 0.5%
UBS cuts Eurozone growth forecast for this year to 0.5%
The firm previously forecast the euro area economy to grow by 0.9% in 2025
Pound Sterling recovers against US Dollar on US recession fears
Pound Sterling recovers against US Dollar on US recession fears
The Pound Sterling (GBP) bounces back to near 1.2800 against the US Dollar (USD) in Tuesday’s North American session from the monthly low of 1.2707 posted on Monday. The GBP/USD pair recovers as the US Dollar resumes its downside move after a short-lived recovery in the last two trading days.
Recession
Fed
SEO
BOE
GBPUSD
Forex Today: Tariff talks under scrutiny following volatile opening to week
Forex Today: Tariff talks under scrutiny following volatile opening to week
Here is what you need to know on Tuesday, April 8:
Currencies
TradeWar
Majors
Commodities
Politics
Crude oil price today: WTI price mostly unchanged at European opening
Crude oil price today: WTI price mostly unchanged at European opening
West Texas Intermediate (WTI) Oil price advances on Tuesday, early in the European session.
Oil
WTI
Commodities
European indices look for a bounce after a dreadful past few sessions
European indices look for a bounce after a dreadful past few sessions
Stocks in Europe are breathing a little easier today
USD/CHF remains under selling pressure near 0.8550 amid Trump tariff turmoil
USD/CHF remains under selling pressure near 0.8550 amid Trump tariff turmoil
The USD/CHF pair attracts some sellers to near 0.8550 during the early European trading hours on Tuesday. The US Dollar (USD) weakens against the Swiss Franc (CHF) as the fears of a global recession heighten following US President Donald Trump's sweeping tariffs on trading partners.
USDCHF
Majors
Macroeconomics
The yuan devaluation is now a big risk for markets
The yuan devaluation is now a big risk for markets
Trump escalated the trade war further threatening additional 50% tariffs on China effective tomorrow if they don't back off from the recent retaliatory tariffs. This move increased the risk of the yuan devaluation which could roil the markets if enacted.
market overview
EUR/INR today: Indian Rupee cross rates edge higher at the start of the European session
EUR/INR today: Indian Rupee cross rates edge higher at the start of the European session
Indian Rupee (INR) crosses trade on the front foot at the beginning of Tuesday, according to FXStreet data.
China‘s Foreign Ministry: US actions do not show willingness for serious talks
China‘s Foreign Ministry: US actions do not show willingness for serious talks
China’s Foreign Ministry said on Tuesday that “US actions do not show willingness for serious talks.”
China
TradeWar
UnitedStates
AUDUSD
What are the main events for today?
What are the main events for today?
Another day of low tier releases as the focus remains on tariffs news ahead of the deadline tomorrow
market overview
AUD/JPY recovers to near 89.50 as global sentiment improves
AUD/JPY recovers to near 89.50 as global sentiment improves
The AUD/JPY cross jumps to 89.40, snapping the three-day losing streak during the early European session on Tuesday. The improving global risk sentiment and encouraging stimulus plans from China provide some support to the Aussie.
AUDJPY
Crosses
Macroeconomics
Little on the agenda in Europe today
Little on the agenda in Europe today
The focus stays on Trump's tariffs with less than 24 hours to go before they take effect
economic calendar
Silver Price Forecast: XAG/USD keeps the bearish vibe, key support level emerges near $30.00
Silver Price Forecast: XAG/USD keeps the bearish vibe, key support level emerges near $30.00
The Silver price (XAG/USD) posts modest gains around $30.15 during the Asian trading hours on Tuesday.
Silver
XAGUSD
Macroeconomics
Commodities
EUR/USD Price Forecast: Bulls have the upper hand while above 1.0900, 200-period EMA on H4
EUR/USD Price Forecast: Bulls have the upper hand while above 1.0900, 200-period EMA on H4
The EUR/USD pair regains positive traction during the Asian session on Tuesday, snapping a two-day losing streak and stalling the recent pullback from its highest level since September touched last week.
EURUSD
TradeWar
Resources
Technical Analysis
Currencies
FX option expiries for Apr 8 NY cut
FX option expiries for Apr 8 NY cut
FX option expiries for Apr 8 NY cut at 10:00 Eastern Time via DTCC can be found below.
Currencies
Options
Gold price holds steady above $3,000 amid trade jitters, Fed rate cut bets
Gold price holds steady above $3,000 amid trade jitters, Fed rate cut bets
Gold price (XAU/USD) maintains its bid tone above the $3,000 psychological mark through the first half of the European session on Tuesday as worries about an all-out global trade war continue to underpin demand for traditional safe-haven assets.
Recession
TradeWar
SEO
Gold
Commodities
US futures hold up for now but tariffs threat remains
US futures hold up for now but tariffs threat remains
A very slight reprieve after the heavy selling since last week
Markets look to the art of the deal next
Markets look to the art of the deal next
The hopeful optimism begins to grow ahead of Trump's tariffs deadline
market overview
NZD/USD attracts some buyers above 0.5550, RBNZ rate decision in focus
NZD/USD attracts some buyers above 0.5550, RBNZ rate decision in focus
The NZD/USD pair attracts some buyers to around 0.5580 during the Asian trading hours on Tuesday. US President Donald Trump's tariffs on trade partners have raised fears of the potential recession in the United States, weighing on the Greenback.
NZDUSD
RBNZ
Majors
Macroeconomics
InterestRate
Proposed U.S. shipping rules could disrupt trade and ports, industry warns - From April 17
Proposed U.S. shipping rules could disrupt trade and ports, industry warns - From April 17
Steep fees—up to US$1.5 million per port call—on vessels made in China or owned by carriers with such ships
Bonds
SPX
USD