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DXY: ISM services, payrolls next – OCBC
DXY: ISM services, payrolls next – OCBC
Varied reaction in FX markets with open trade, growth-sensitive FX such as CNH, KRW, SGD, MYR and THB under some pressure post-tariff announcement. DXY was last seen at 102 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
Technical Analysis
Banks
DollarIndex
Oil: Tariffs weigh on oil – ING
Oil: Tariffs weigh on oil – ING
Oil prices are under pressure this morning, following other risk assets lower, after the Trump administration unveiled a base tariff of 10% on all imports from all trading partners.
Oil
Energy
Commodities
Banks
AUD/USD: Set to continue trading in a choppy manner – UOB Group
AUD/USD: Set to continue trading in a choppy manner – UOB Group
AUD could continue to trade in a choppy manner, likely between 0.6220 and 0.6320. In the longer run, sharp but short-lived swings have resulted in a mixed outlook; AUD could trade in a 0.6185/0.6340 range for now, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Technical Analysis
Banks
AUDUSD
EUR/USD rallies as US Dollar bleeds after Liberation Day
EUR/USD rallies as US Dollar bleeds after Liberation Day
EUR/USD climbs to its highest level since October around 1.1145 in Thursday’s North American session and gains an almost 2.5% on the day.
ECB
EURUSD
TradeWar
SEO
USDCHF breaks out of the range and collapses amid risk-off flows
USDCHF breaks out of the range and collapses amid risk-off flows
The USDCHF pair is experiencing a strong selloff amid the technical breakout and risk-off flows triggered by Trump's tariffs announcement
Deutsche Bank warns of a dollar confidence crisis
Deutsche Bank warns of a dollar confidence crisis
They have been keeping at this for a while now in the past few weeks
Gold: Tariff relief for the metal industry – ING
Gold: Tariff relief for the metal industry – ING
Gold hit a record high following the announcement of reciprocal tariffs, ING's commodity experts Ewa Manthey and Warren Patterson note.
Technical Analysis
XAUUSD
Gold
Banks
Asian trading nations are being hit hard – ING
Asian trading nations are being hit hard – ING
A pair like CNH/JPY best characterises the mood in FX markets, ING's FX analyst Chris Turner notes.
China
Asia
Japan
USDCNH
Banks
OPEC+ reportedly not expected to change oil output policy today
OPEC+ reportedly not expected to change oil output policy today
The ministerial talks have begun, according to sources from Reuters
USD: Blowback to US growth prospects dominates – ING
USD: Blowback to US growth prospects dominates – ING
The trade-weighted DXY has broken to a new low for the year as investors continue to fear what these new reciprocal tariffs mean for US confidence and activity, ING's FX analyst Chris Turner notes.
Technical Analysis
Banks
DollarIndex
Gold price briefly becomes falling knife with selling pressure picking up
Gold price briefly becomes falling knife with selling pressure picking up
Gold price (XAU/USD) sees selling pressure pick up towards the United States (US) trading session on Thursday, selling off over 1.25% towards $3,095 at the time of writing. Traders are taking profit, pushing the Bullion price below important pivotal levels.
TradeWar
UnitedStates
SEO
Gold
Commodities
Silver price today: Silver falls, according to FXStreet data
Silver price today: Silver falls, according to FXStreet data
Silver prices (XAG/USD) fell on Thursday, according to FXStreet data.
Silver
Commodities
Metals
Crude oil feeling the pinch from global growth fears
Crude oil feeling the pinch from global growth fears
Crude oil sold off following the Trump's announcement as an expected slowdown in global growth is weighing on the market
Goldman Sachs estimates latest tariffs to weigh on China's GDP growth by a further 1%
Goldman Sachs estimates latest tariffs to weigh on China's GDP growth by a further 1%
That will take their estimate for the total drag on the Chinese economy to 1.7%
How have interest rates expectations changed after the tariffs announcement?
How have interest rates expectations changed after the tariffs announcement?
Traders increased easing bets for all the major central banks as the market expects a slowdown in global growth
market overview
Dollar slumps further across the board as tariff angst weighs
Dollar slumps further across the board as tariff angst weighs
The heavy selling against the greenback continues for now
EUR/USD: Bias for EUR is on the upside – UOB Group
EUR/USD: Bias for EUR is on the upside – UOB Group
Outlook is unclear; Euro (EUR) could continue to trade in a choppy manner vs US Dollar (USD), probably between 1.0810 and 1.0955.
Technical Analysis
EURUSD
Banks
EUR/USD: Bulls to gain further traction above 1.10 – OCBC
EUR/USD: Bulls to gain further traction above 1.10 – OCBC
Euro (EUR) jumped post-tariff announcement. Reciprocal tariff rate of 20% on EU was largely in line with street’s estimates. EUR was last seen at 1.0964 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
Technical Analysis
EURUSD
Banks
EUR: Rallying, but few reasons to be cheerful – ING
EUR: Rallying, but few reasons to be cheerful – ING
EUR/USD is net around 0.9% higher after the trade announcement. The main buying point for the euro is that it's a big, liquid alternative to the US Dollar – and that the dollar's troubles (weaker US consumption) are greater than the Euro's, ING's FX analyst Chris Turner notes.
Technical Analysis
EURUSD
Banks
UK March final services PMI 52.5 vs 53.2 prelim
UK March final services PMI 52.5 vs 53.2 prelim
Latest data released by S&P Global - 3 April 2025
Fed to deliver 75-100 bps of rate cuts this year, says UBS Global Wealth Management
Fed to deliver 75-100 bps of rate cuts this year, says UBS Global Wealth Management
The firm had previously scaled down their forecast to two 25 bps rate cuts later this year
India Gold price today: Gold corrects in the aftermath of Trump's tariffs reveal
India Gold price today: Gold corrects in the aftermath of Trump's tariffs reveal
Gold price in India retreats from record highs on Thursday, following a similar price acton in Comex Gold.
Gold
Commodities
TradeWar
India
Pound Sterling outperforms US Dollar as Trump tariffs fuel US recession risks
Pound Sterling outperforms US Dollar as Trump tariffs fuel US recession risks
The Pound Sterling (GBP) surges to near 1.3200 against the US Dollar (USD) during the North American trading hours on Thursday, the highest level seen in almost six months.
Recession
TradeWar
UnitedStates
SEO
GBPUSD
Forex Today: US Dollar under heavy pressure as trade war deepens
Forex Today: US Dollar under heavy pressure as trade war deepens
Here is what you need to know on Thursday, April 3:
TradeWar
Majors
EconomicIndicator
Commodities
Macroeconomics
Palladium price today: Rare metals mixed at the start of the European session
Palladium price today: Rare metals mixed at the start of the European session
Platinum Group Metals (PGMs) trade mixed at the beginning of Thursday, according to FXStreet data.
Platinum
Commodities
Palladium
Crude oil price today: WTI price bearish at European opening
Crude oil price today: WTI price bearish at European opening
West Texas Intermediate (WTI) Oil price falls on Thursday, early in the European session.
Oil
WTI
Commodities
ECB’s de Guindos: This uncertainty means we need to be extremely
ECB’s de Guindos: This uncertainty means we need to be extremely
European Central Bank (ECB) Vice President Luis de Guindos said on Thursday, “in terms of monetary policy, this uncertainty means we need to be extremely prudent when determining the appropriate stance.”
ECB
EURUSD
CentralBanks
InterestRate
ECB’s Stournaras: US tariffs not an obstacle to April rate cut
ECB’s Stournaras: US tariffs not an obstacle to April rate cut
European Central Bank (ECB) policymaker Yannis Stournaras said on Thursday, “US tariffs not an obstacle to April rate cut.”
ECB
EURUSD
CentralBanks
InterestRate