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AUD/USD remains subdued following China Trade Balance data
The Australian Dollar remains subdued against the US Dollar for the second consecutive day on Friday. The AUD/USD pair holds losses following the release of China's Trade Balance data. Traders shift their focus on the US Nonfarm Payrolls report later in the North American session.
USD/JPY: Japanese Yen stands firm near a multi-month high against a broadly weaker USD
The Japanese Yen continues to be underpinned by increasing bets for more BoJ rate hikes. Trade tariff jitters and the risk-off mood further seem to underpin demand for the safe-haven JPY. Expectations for further policy easing by the Fed weigh on the USD and the USD/JPY pair.
Gold price remains depressed ahead of US NFP; trade jitters to limit losses
Gold price trades with negative bias for the second straight day, though a combination of factors continues to act as a tailwind ahead of the crucial US NFP report later this Friday. Rising trade tensions continue to weigh on investors' sentiment.
Bitcoin: President Trump confirms new BTC policy, Sacks blames Democrats for 195,000 BTC sell-off
Bitcoin price dipped 5% to hit $85,000 on Monday, as skittish sentiment around US Trade policy and Non-Farm Payrolls data introduced fresh volatility ahead of the White House Crypto Summit.
DEEPER DIVE
Bitcoin vs Gold: Is digital Gold replacing the actual precious metal in 2025? BRANDED
The short answer is no, well, not yet, at least. There’s little to no chance that bitcoin will fully replace gold in 2025. But the fact is that the crypto king is gaining ground, challenging gold's dominance. Yet, gold's historical reliability and bitcoin's volatility keep this debate alive.
Money market outlook 2025: Trends and dynamics in the Eurozone, US, and UK
Distinct dynamics are at play in the US, eurozone, and UK. In the US, repo rates are more attractive, and bills are expected to appreciate. It's also worth noting that the Fed might cut rates more than anticipated, similar to the UK. In the eurozone, unsecured rates remain elevated.
US tariff offensive: A (non-exhaustive) risk map
Who's next? As soon as he became the 47th President of the United States, Donald J. Trump drew the weapon of tariffs, “the most beautiful word in the dictionary”, as he put it. Mexico, Canada and China were the first to be hit, while the European Union (EU) was explicitly targeted.
CRYPTOCURRENCIES
Donald Trump backed World Liberty Financial triples Ethereum holdings ahead White House Crypto Summit
Donald Trump’s World Liberty Financial increased its Ethereum holdings nearly threefold on Thursday, buying the recent ETH price dip. Ethereum hovers around $2,200, up nearly 1.5% on Thursday.
White House Crypto Summit: What investors should know
The upcoming first-ever White House Crypto Summit will be held on Friday. The event will unite key industry leaders to explore how regulation and innovation can shape the cryptocurrency market's future.
Bitcoin recovers above $92,000 ahead of first-ever White House Crypto summit
Bitcoin extends recovery and trades above $92,000 on Thursday after rallying 5% in the last two days. A Glassnode report highlights that Bitcoin’s market reaction hinges on the $92,000, a key level for momentum, while $71,000 serves as critical support if BTC declines.
STOCKS
US stocks gain on Trump pausing auto import tariffs on Canada and Mexico Premium
The US stock market lurched upward in the mid-afternoon session on Wednesday after US President Donald Trump offered a one-month pause on 25% tariffs on vehicle imports manufactured in Canada and Mexico. The Detroit automakers rallied on the news. Ford (F) stock shot up 5% while General Motors (GM) stock lifted 7%, and Stellantis (STLA) spiked 9%.
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Elliott Wave analysis: S&P 500, Nasdaq 100, DAX 40, FTSE 100 and ASX200 [Video]
SP500 and Nasdaq 100 are in the final stages of completing and Elliott Wave Expanding Flat correction. The final stages of this correction has a few different endings, so I'm researching alternatives in this videos. On the intraday day basis I look at both scenarios and work out how where and how to go long.
WEEKLY FORECAST
EUR/USD: More Trump trade war and the ECB in the docket Premium
After trading choppily for most of the week, the EUR/USD pair plummeted on Thursday, bottoming early Friday at 1.0379, its lowest in over two weeks. It got to bounce modestly from the level ahead of the close, settling at around 1.0400.
GBP/USD: Pound Sterling poised for a fresh downtrend? Premium
The Pound Sterling tested offers above 1.2700 versus the US Dollar but buyers failed to sustain the move. GBP/USD traders shift their focus toward US labor data amid President Trump’s tariff talks. The pair failed to sustain above the 100-day SMA; is a fresh downside on the cards?
US Dollar: Mixed emotions Premium
Finally, a breath of fresh air for the US Dollar (USD). After three consecutive weeks of closing in the red, the Greenback made a remarkable turnaround, rallying to push the US Dollar Index (DXY) past the key 107.00 mark by week’s end.
Gold: Bulls finally let go as key support fails Premium
Gold turned south after setting a new all-time high to begin the week. Investors will remain focused on Trump tariff talks ahead of February US employment data. The technical outlook points to a bearish reversal in the near term.
Bitcoin: BTC bloodbath continues, near 30% down from its ATH
Bitcoin (BTC) price extends its decline and trades below $80,000 at the time of writing on Friday, falling over 15% so far this week. This price correction wiped $660 billion of market capitalization from the overall crypto market and saw $3.68 billion in total liquidations this week.
Week ahead – NFP and ECB to steal the show
Apart from any new tariff headlines next week, dollar traders are likely to also lock their gaze at the ISM manufacturing and non-manufacturing PMIs on Monday and Wednesday, respectively, but the highlight is likely to be Friday’s NFP data.
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