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Copper: What rises high can fall deep – Commerzbank
Copper: What rises high can fall deep – Commerzbank
The Copper price was one of the biggest losers among base metals since 2 April, starting the week by falling by more than 15%, Commerzbank's commodity analyst Barbara Lambrecht notes.
Metals
Copper
Commodities
Banks
GBP/USD edges slightly lower – Scotiabank
GBP/USD edges slightly lower – Scotiabank
Pound Sterling (GBP) is soft, down a modest 0.2% vs. the US Dollar (USD) and a mid-performer among the G10 currencies, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Technical Analysis
Banks
GBPUSD
EUR underperforms amid broad USD losses – Scotiabank
EUR underperforms amid broad USD losses – Scotiabank
Euro (EUR) is quietly consolidating in a tight range in the 1.09s, eking out a marginal gain against the US Dollar (USD) while underperforming all the G10 currencies in an environment of broad-based USD weakness.
Technical Analysis
EURUSD
Banks
OPEC+ sticks to production increase for the time being – Commerzbank
OPEC+ sticks to production increase for the time being – Commerzbank
At a virtual meeting of the Joint Ministerial Monitoring Committee (JMMC) of the OPEC+ oil ministers at the weekend, the only thing that was apparently discussed was better compliance with existing production targets, Commerzbank's commodity analyst Carsten Fritsch notes.
Oil
OPEC
Energy
Commodities
Banks
CAD trades near estimated fair value on softer USD – Scotiabank
CAD trades near estimated fair value on softer USD – Scotiabank
The Canadian Dollar (CAD) has firmed up a little in response to the improvement in risk appetite, although it is lagging its commodity cousins’ intraday gains, Scotiabank's Chief FX Strategist Shaun Osborne notes.
BankStocks
Canada
BOC
USDCAD
USD: Equity markets steady, giving high beta FX a lift – Scotiabank
USD: Equity markets steady, giving high beta FX a lift – Scotiabank
Markets are steadier so far today, with a lot more green on the screen than over the past few days.
Technical Analysis
Banks
DollarIndex
Palladium price today: Rare metals advance at the start of the American session
Palladium price today: Rare metals advance at the start of the American session
Platinum Group Metals (PGMs) trade with a positive tone at the beginning of Monday, according to FXStreet data.
Platinum
Palladium
Commodities
JPMorgan now expects four consecutive ECB rate cuts
JPMorgan now expects four consecutive ECB rate cuts
JPMorgan makes the case for a terminal rate of 1.50%
US Treasury Sec. Bessent: Trump is committed to fixing trade imbalances
US Treasury Sec. Bessent: Trump is committed to fixing trade imbalances
In an interview with CNBC on Tuesday, US Treasury Secretary Scott Bessent said that he was not involved in the calculations of tariffs rates and reiterated that US President Donald Trump is committed to fixing trade i mbalances.
TradeWar
UnitedStates
Politics
USD/CAD Price Forecast: Slumps below 1.4200
USD/CAD Price Forecast: Slumps below 1.4200
The USD/CAD pair fall sharply below the key level of 1.4200 in Tuesday’s European session.
Canada
Recession
SupportResistance
USDCAD
UnitedStates
Forexlive European FX news wrap: Hope is in the air but the deadline nears
Forexlive European FX news wrap: Hope is in the air but the deadline nears
Forex news from the European morning session on Apr 8, 2025
Session wrap
Wrap Europe
Oil prices at 4-year low – Commerzbank
Oil prices at 4-year low – Commerzbank
Oil prices remained under pressure at the start of the new trading week. Brent fell at times by more than 5% to $62.5 per barrel, the lowest level in four years, Commerzbank's commodity analyst Barbara Lambrecht notes.
Oil
Energy
Banks
Silver price plummets, Gold/Silver ratio at 100 – Commerzbank
Silver price plummets, Gold/Silver ratio at 100 – Commerzbank
Silver was hit even harder, losing a good 7% on Friday and plummeting to a 7-month low of USD 28.3 per troy ounce yesterday, Commerzbank's commodity analyst Carsten Fritsch notes.
Metals
Commodities
Banks
XAGUSD
As markets stabilise, so do the rate cuts expectations
As markets stabilise, so do the rate cuts expectations
Traders pared back some of the aggressive rate cuts expectations following the bounce in the stock market and some hopes for tariff deals
market overview
USD/CAD is down on broad USD weakness – BBH
USD/CAD is down on broad USD weakness – BBH
Bank of Canada faces weak business outlook, BBH FX analysts report.
USDCAD
Technical Analysis
Banks
AUD/USD surges to near 0.6050 despite multiple headwinds
AUD/USD surges to near 0.6050 despite multiple headwinds
The AUD/USD pair soars to near 0.6050 during European trading hours on Tuesday. The Aussie pair strengthens as the Australian Dollar (AUD) advances strongly even though fears of a trade war between the United States (US) and China have escalated.
RBA
China
TradeWar
Fed
AUDUSD
Gold price under pressure despite high risk aversion – Commerzbank
Gold price under pressure despite high risk aversion – Commerzbank
The Gold price was unable to escape the sell-off on the commodity and financial markets and also fell significantly, Commerzbank's commodity analyst Carsten Fritsch notes.
Technical Analysis
XAUUSD
Gold
Banks
US Dollar flat as trade war tensions start to ease
US Dollar flat as trade war tensions start to ease
The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, trades around 103.00 at the time of writing on Tuesday, after some comments from Secretary Scott Bessent.
TradeWar
UnitedStates
SEO
Macroeconomics
DollarIndex
Australia’s consumer confidence hits 6-month low amid tariff concerns – BBH
Australia’s consumer confidence hits 6-month low amid tariff concerns – BBH
Australia’s business survey was mixed but consumer confidence plunged, BBH FX analysts report.
Australia
RBA
Banks
AUDUSD
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 vs Chinese Yuan (CNH) before stabilisation can be expected; it is unclear if 7.2150 will come into view.
Technical Analysis
USDCNH
Banks
USD/JPY gains on strengthening US Dollar – BBH
USD/JPY gains on strengthening US Dollar – BBH
USD/JPY firmed up on USD strength, BBH FX analysts report.
Technical Analysis
USDJPY
Banks
USD/JPY: Likely to trade in a range between 146.00 and 149.00 – UOB Group
USD/JPY: Likely to trade in a range between 146.00 and 149.00 – UOB Group
US Dollar (USD) is likely to trade in a range between 146.00 and 149.00 vs Japanese Yen (JPY).
Technical Analysis
USDJPY
Banks
PBOC signals weaker yuan as USD/CNH tests resistance – BBH
PBOC signals weaker yuan as USD/CNH tests resistance – BBH
The Shanghai Composite Index recovered slightly today after diving by roughly 9% on Monday. China’s state fund manager, controlled by the Ministry of Finance, confirmed it had taken action to increase its holdings of stock market index funds and promised to buy more, BBH FX analysts report.
PBOC
China
USDCNH
Banks
US recession odds rise as global trade conflict deepens
US recession odds rise as global trade conflict deepens
Expectations for the United States (US) economy to tip into recession this year gain traction following the introduction of aggressive tariffs by US President Donald Trump.
Recession
GDP
TradeWar
UnitedStates
EUR/USD falls back on hopes of lower Trump tariffs
EUR/USD falls back on hopes of lower Trump tariffs
EUR/USD surrenders its entire intraday gains and falls back to near 1.0900 in Tuesday’s North American trading session.
Recession
ECB
EURUSD
Fed
SEO
S&P 500 faces crucial support at 4800pts after breakdown – Société Générale
S&P 500 faces crucial support at 4800pts after breakdown – Société Générale
S&P 500 has experienced a steep decline after breaking down from its multi-month range, Société Générale's FX analysts note.
Technical Analysis
Banks
SP500
NZD/USD: Likely to trade in a 0.5500/0.5600 range – UOB Group
NZD/USD: Likely to trade in a 0.5500/0.5600 range – UOB Group
New Zealand Dollar (NZD) is likely to trade in a 0.5500/0.5600 range vs US Dollar (USD). In the longer run, it is too early to expect the weakness to stabilise, but it remains to be seen if NZD can decline to the next support at 0.5450, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Technical Analysis
Banks
NZDUSD
USD/CNH eyes breakout as 7.37 resistance looms – Société Générale
USD/CNH eyes breakout as 7.37 resistance looms – Société Générale
USD/CNH has rebounded after defending the 200-DMA at 7.22. Daily MACD has entered positive territory highlighting regain of upward momentum, Société Générale's FX analysts note.
Technical Analysis
USDCNH
Banks
AUD/USD: Likely to trade in a range of 0.5945/0.6110 – UOB Group
AUD/USD: Likely to trade in a range of 0.5945/0.6110 – UOB Group
Instead of continuing to drop, Australian Dollar (AUD) is more likely to trade in a range of 0.5945/0.6110 vs US Dollar (USD).
Technical Analysis
Banks
AUDUSD
Gas prices hit 7-month low – ING
Gas prices hit 7-month low – ING
European natural gas prices haven’t escaped the broader risk-off move, ING's commodity experts Ewa Manthey and Warren Patterson note.
Energy
Gas
Banks
Gold price edges up over 1% on Trump not liking a 90-day pause on tariffs
Gold price edges up over 1% on Trump not liking a 90-day pause on tariffs
Gold price (XAU/USD) pops while Equities run higher after their nosedive move on Monday and past Friday. The precious metal trades just above the $3,000 mark at the time of writing on Tuesday. The bounce is supported by a technical element on the one hand and a geopolitical driver on the other.
TradeWar
UnitedStates
SEO
Gold
Commodities
ECB’s Stournaras: Monetary policy is to be less restrictive in 2025
ECB’s Stournaras: Monetary policy is to be less restrictive in 2025
European Central Bank (ECB) policymaker Yannis Stournaras warned on Tuesday, “monetary policy is to be less restrictive in 2025.”
ECB
EURUSD
CentralBanks
InterestRate
USD: Wild moves continue – ING
USD: Wild moves continue – ING
Markets remain on edge as trade tensions, erratic headlines, and shifting currency dynamics drive sharp moves across asset classes. While some signs of optimism emerge, risks to the US dollar and commodity-linked currencies persist, ING's FX analyst Francesco Pesole notes.
Technical Analysis
Banks
DollarIndex
Confidence tumbles and US Dollar falls under pressure – Commerzbank
Confidence tumbles and US Dollar falls under pressure – Commerzbank
Business and consumer sentiment in the US is collapsing, and hard data may soon follow. With tariffs acting as an exogenous shock, investors are preparing for recession — not inflation — and abandoning the US Dollar, Commerzbank's FX analyst Antje Praefcke notes.
DollarIndex
Technical Analysis
Banks