Author: FX
AUD/JPY stays subdued amid thin trading, as Australian markets remain closed for the Good Friday holiday.Australia’s March labor data has intensified speculation of a potential 25 basis point rate cut by the RBA in May.In Japan, the “core-core” CPI, , which excludes fresh food and energy—rose to 2.9% in March from 2.6% in February.AUD/JPY retraces its recent gains from the previous session, trading around 90.80 during the European hours on Friday. The currency cross remains under pressure as the Australian Dollar (AUD) weakens in light trading, with local markets closed for the Good Friday holiday.Minutes from the Reserve Bank of…
Here is what you need to know on Friday, April 18:Major currency pairs stay quiet on Friday as trading volumes thin out, with major markets remaining closed in observance of the Easter Holiday. The economic calendar will not offer any high-tier data releases, paving the way for subdued market action heading into the weekend. US Dollar PRICE This month The table below shows the percentage change of US Dollar (USD) against listed major currencies this month. US Dollar was the weakest against the Swiss Franc. USD EUR GBP JPY CAD AUD NZD CHF USD -4.95% -2.70% -5.05% -3.80% -2.07% -4.94%…
The US Dollar Index remains under pressure as concerns mount over the economic fallout from tariffs on the United States. The CME FedWatch Tool shows that traders are now anticipating the first Fed rate cut to occur in July. President Trump stated that a trade deal with China could be finalized within the next three to four weeks. The US Dollar Index (DXY), which measures the US Dollar (USD) against a basket of six major currencies, is remaining below 99.50 during the early European hours on Friday. The Greenback remains subdued amid growing concerns over the economic impact of tariffs…
An equal weighted portfolio of Apple (AAPL), Microsoft (MSFT) and Nvidia (NVDA) has a high degree of correlation with the Nasdaq 100 Index (NDX) and Invesco’s popular ETF that tracks the index (QQQ). Source link
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if you have any questions. Advisory warning: FOREXLIVE™ is not an investment advisor, FOREXLIVE™ provides references and…
EUR/JPY steadies around 161.85 in Friday’s early European session. Japan’s CPI inflation grew 3.6% YoY in March. The ECB cut rates by 25 bps to 2.25% at the April meeting on Thursday. The EUR/JPY cross trades flat near 161.85 during the early European session on Friday. US President Donald Trump’s trade war remains a source of deep uncertainty. However, Trump on Thursday offered some encouraging signals that negotiations with other countries could lead to lower tariffs. The optimism surrounding trade talks could undermine safe-haven currencies like the Japanese Yen (JPY). Japan’s National Consumer Price Index (CPI) grew 3.6% year on year in March,…
We need to determine whether it’s possible to end the war in Ukraine.Talking about a matter of days to make that clear.If not possible, the President will possibly say “we’re done”.We need to determine quickly whether it’s doable.If not possible, we have other priorities.Had positive meetings on Thursday.Hope to hear back from Ukrainians soon.If it’s not possible to end the war in Ukraine, we need to move on.There are a lot of other things going on in the world.We recognise Ukraine wants to feel it will be able to defend itself.We want to avoid thousands of people dying in the…
USD/JPY could retest the seven-month low of 141.61, recorded on Thursday. If the 14-day Relative Strength Index falls below the 30 level, it could potentially trigger a short-term corrective rebound. The primary initial resistance is located near the nine-day EMA at 143.80. USD/JPY inches lower after registering gains in the previous session, trading around 142.40 during the Asian session on Friday. An analysis of the daily chart showed the pair moves downward within a descending channel, indicating a confirmed bearish bias. The USD/JPY pair continues to trade below the nine-day Exponential Moving Average (EMA), signaling subdued short-term momentum. Meanwhile, the…
The Australian Dollar moves little as trading activity remains subdued due to the Good Friday holiday. Trump struck an optimistic tone, suggesting a trade deal with China could be finalized within three to four weeks. Fed Chair Jerome Powell cautioned that a weak economy combined with sustained inflation could heighten the risk of stagflation. The Australian Dollar (AUD) remains subdued on Friday following a seven-day winning streak. However, the AUD/USD pair may regain its ground as the US Dollar (USD) weakens amid growing concerns over the economic impact of tariffs on the United States (US). Market participants are closely monitoring…
Gold price edges lower in Friday’s early European session, pressured by profit-taking. Mounting uncertainty about tariffs and recession fears could boost the safe-haven flows, supporting the Gold price. Fed’s Daly is set to speak later on Friday. The Gold price (XAU/USD) holds steady on Friday after retreating from an all-time high of $3,358 as investors book profits during a long Easter weekend. Significant uncertainty over US President Donald Trump’s tariffs on imports into the US and ongoing geopolitical tensions could underpin the Gold price, which is known as a safe haven asset.On the other hand, the Federal Reserve (Fed) Chair Jerome Powell turned…