Author: FX
Markets ignored the packed economic calendar as tariff headlines dominated everything, sparking one of the biggest risk-off weeks we’ve seen in a while! Source link
Silver breaks below 100- and 200-day SMAs, signals strong bearish momentum amid escalating US-China tariff battle.RSI enters oversold territory, but selling pressure may continue toward $28.74 and $27.71 if $29 fails to hold.A recovery above $30 could see buyers retest $30.86 SMA and key resistance near $31.00. Silver price plummeted on Friday as financial market turmoil continued for the third straight day, following US President Donald Trump’s decision to impose reciprocal tariffs. Consequently, China retaliated, sparking fears of a global economic slowdown. The XAG/USD trades at $29.55, sinking more than 7%.XAG/USD Price Forecast: Technical outlookOn its way lower, Silver fell below…
AUD/USD tumbles toward the 0.6050 region during Friday’s American session, marking a sharp intraday plunge.Trump’s aggressive tariffs spark fears of slower global growth and inflation; Fed Chair Powell warns of broader economic impact.Technical indicators flash strong bearish momentum; resistance seen near 0.6200 while the pair tests multi-year lows.The AUD/USD pair crumbled below key psychological support during Friday’s American session, sliding toward the 0.6050 region and marking its lowest level in five years. The steep drop comes in the wake of a stronger-than-anticipated US Nonfarm Payrolls (NFP) report, which added to a broader surge in the Greenback. However, the dominant catalyst…
XAU/USD is pressured by the Fed’s hawkish tone and a liquidity crunch.Powell signals tariffs could reaccelerate inflation, cooling rate cut bets and hammering Gold prices.Financial Times reports hedge funds face largest margin calls since Covid, sparking forced liquidation of assets. Gold (XAU) price extended its losses on Friday and plunged to a seven-day low of $3,015 before recovering some ground, following a speech by Federal Reserve (Fed) Chair Jerome Powell, which indicated that inflation could reaccelerate due to tariffs. XAU/USD trades at $3,029, down 2.70%.Financial markets turmoil continued amid the escalation of the trade war between the United States (US) and…
AUD/JPY plunged near the 88.60 zone on Friday, marking a sharp retreat ahead of the Asian session.MACD confirms a sell signal as the pair faces broad bearish pressure despite neutral oscillators.Key resistance stands at 91.53 and 92.92, while moving averages point to extended downside risk.The AUD/JPY pair tumbled aggressively on Friday, retreating toward the 88.60 area after shedding over 4% during the day. The move represents one of the steepest intraday declines in recent sessions, dragging the pair away from the recent highs and into a mid-range zone between 87.41 and 92.64. The plunge comes as broader technicals align in…
The March 2025 U.S. jobs report delivered a strong upside surprise with non-farm payrolls rising by 228K, well above the 135K expected, and supported by a +2K net revision to previous months. The unemployment rate ticked up to 4.2%, slightly higher than forecast, though the participation rate improved to 62.5%, suggesting more workers re-entered the labor force. Wage growth held steady, with average hourly earnings rising 0.3% m/m and 3.8% y/y, slightly softer than last month. Private sector hiring was solid at +209K, while full-time jobs rebounded strongly by +459K after a massive drop last month. The leisure and hospitality…
Major US stock indices all move sharply lower for the second consecutive day. The S&P index in the NASDAQ index closed down6%. The final numbers are showing:Dow industrial average -2231.07 points or -5.5% or 38314.86 S&P index -322.44 points or -5.97% at 5074.05..NASDAQ index -962.82 points or -5.82% and 15587.79.Russell 2000-83.51 points or -4.37% and 1827.03The trading week for each of the major indices was the worst going back to the 2020 pandemicDow industrial average fell -7.86%.S&P index for -9.08%NASDAQ index fell 10.02%Russell 2000-9.70%For the trading year the major indices are all down sharply:Dow industrial average -9.94%S&P index -13.73%NASDAQ index…
Nasdaq plunges 20%, S&P 500 and Dow Jones tumble as Trump’s tariffs spark full-scale correction—historical patterns signal deeper losses ahead The writing was on the wall, as clearly outlined in our December 2024 analysis titled “Is the US stock market bull run running out of steam? Historical patterns signal possible endgame.” At that point, our analysis warned investors that major US indices—the Nasdaq 100, S&P 500, and Dow Jones—were nearing critical inflection points after a relentless bull market run. The Nasdaq 100 peaked around 22010, the S&P 500 at 6020, and the Dow Jones at approximately 45050. Fast-forward to April…
The price of WTI crude oil is settling at $61.99 down $4.96 or 7.40%.The price of crude oil was it this week on the back of the tariff news and expectations of slower global growth, and the OPEC+ alliance, led by Saudi Arabia and Russia, that announced a larger-than-expected increase in oil production. Starting in May 2025, the group will boost output by 411,000 barrels per day (bpd), effectively implementing three months’ worth of planned increases in a single month.For the trading week, the price of crude oil fell -2.19%. That is its worst week cents a 12.72% decline during…
Mexican Peso tanks as USD/MXN spikes to 20.45 after China retaliates with 34% tariffsChina strikes back with 34% duties on US goods; Trump’s fiery response heightens market tensions.JPMorgan raises US recession odds to 60%; strong jobs report and Powell’s hawkish tone fuel USD strength.The Mexican Peso (MXN) depreciates sharply against the US Dollar (USD) on Friday, erasing Thursday’s gains, which drove the exchange rate below the crucial 20.00 figure towards testing the 200-day Simple Moving Average (SMA) at 19.78. The escalation of the trade war between the United States (US) and China and goodish data from the US drive the…