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EUR/USD advances to multi-day highs around 1.0860
EUR/USD is surging ahead, rapidly recovering and approaching multi-day highs around 1.0860. This boost comes on the heels of news that the EU might roll out countermeasures to soften the blow of Trump’s impending reciprocal tariffs.
Will Trump's tariff announcements bring more questions than answers?
MInvestors have been waiting for the announcement of Trump’s reciprocal tariffs, and today it will arrive. The President is set to announce the tariff arrangement at 2000 GMT, after US stock markets have closed. Our experts will analyze the market reaction at 19:30 GMT. Join us here!
GBP/USD stabilizes near 1.2950, awaits Trump’s tariffs reveal
GBP/USD holds its ground and trades in positive territory near 1.2950 as the US Dollar fails to benefit from the upbeat employment data. Traders remain reluctant to place fresh bets on the major, anticipating the US 'reciprocal tariffs' announcement on "Liberation Day' at 20:00 GMT.
Gold climbs above $3,120 ahead of Trump's tariffs announcement on “Liberation Day”
Gold regains its traction and rises above $3,120 after correcting from the record-high it set near $3,150 on Tuesday. Retreating US Treasury bond yields support XAU/USD before US President Donald Trump officially announces the reciprocal tariff implementation at the White House later this Wednesday.
Trump Tariffs: Everything you need to know on “Liberation Day” Premium
The global trading system is about to be upended, but to what extent? Will markets have clarity or is it merely another phase in ongoing trade wars? Some answers are due on Wednesday at 20:00 GMT. Here is preview of the five critical things to watch.
DEEPER DIVE
Is light dawning for the Eurodollar? BRANDED
Economists have been predicting that President Trump’s new import tariffs could prompt the euro to fall to parity with the US dollar this year. The European Union’s (EUs) recent policy shift in favour of defence spending, however, renewed some belief in their economy and currency.
Brexit revisited: Why closer UK-EU ties won’t lessen Britain’s squeezed public finances
The UK government desperately needs higher economic growth as it grapples with spending cuts and potential tax rises later this year. A reset of UK-EU economic ties would help, and sweeping changes are becoming more likely.
The challenge of inflation: Five things to look out for
Inflation is no longer the No. 1 economic problem that it has been for the past three years, but it remains a major challenge. While it has not reached its 2% target yet, and the last pockets are slowly deflating, new inflationary pressures are mounting.
CRYPTOCURRENCIES
Bitcoin to extend its consolidation between the $75,000 to $88,000 range
Bitcoin price faces a slight rejection around the $85,000 resistance level on Wednesday after recovering 3.16% the previous day. A K33 report highlights that Cryptocurrencies and Equities have largely de-risked going into Donald Trump’s “Liberation Day” on Wednesday.
Maker, Gala and Polygon lead $100k whale transactions, can altcoins defy looming macro uncertainty?
Maker (MKR), GALA, and Polygon (POL) are among the crypto projects that have seen a spike in whale transactions of at least $100,000 in the past week, as revealed by Santiment on-chain data.
Cardano and Binance Coin Price Forecast: Altcoins ADA and BNB show weakness in momentum indicators
Cardano (ADA) and Binance Coin (BNB) prices edge slightly down, trading around $0.66 and $598, respectively, at the time of writing on Wednesday after a mild recovery so far this week.
STOCKS
Johnson & Johnson stock sinks back to 200-day moving average on third talc verdict Premium
Johnson & Johnson (JNJ) stock dropped back to the 200-day Simple Moving Average (SMA) on Tuesday after the company’s attempt to place its former talc business in bankruptcy failed for the third time.
Is the Semiconductor index ready to rally?
Despite the prevailing bearish sentiments of the day, which should never be given in to, the Semiconductor Index (SOX) appears ready to rally. We will demonstrate this using the Elliott Wave (EW) Principle.
WEEKLY FORECAST
EUR/USD: US Dollar to fall further despite ruling uncertainty Premium
The EUR/USD pair remained under selling pressure for a second consecutive week but ended it little changed at around 1.0820. The US Dollar (USD) remained trapped between tariff-related concerns and tepid US data, limiting its safe-haven condition.
GBP/USD: Pound Sterling braces for Trump’s tariff wave Premium
The Pound Sterling consolidated its correction from four-month highs against the US Dollar. President Trump’s tariffs and US Nonfarm Payrolls to offer fresh impetus to the GBP/USD pair. The GBP/USD’s bullish bias remains intact, as indicated by the daily technical setup.
US Dollar: Tariffs, jobs, and US economic jives Premium
A poor second half of the week left the US Dollar (USD) empty-handed, reversing the previous week’s advance despite hitting new three-week tops well north of the 104.00 barrier in the last couple of days, when measured by the US Dollar Index (DXY).
Gold: Trade war fears lift Gold to new record high Premium
Gold gathered bullish momentum and surged to a new record high above $3,080 on Friday after struggling to find direction at the beginning of the week. The unveiling of the US reciprocal tariffs and key macroeconomic data releases from the US could drive Gold’s valuation in the near term.
Bitcoin: BTC remains calm before a storm
Bitcoin's price has been consolidating between $85,000 and $88,000 this week. A K33 report explains how the markets are relatively calm and shaping up for volatility as traders absorb the tariff announcements. PlanB’s S2F model shows that Bitcoin looks extremely undervalued compared to Gold and the housing market.
Week ahead – US NFP and Eurozone CPI awaited as tariff war heats up, RBA meets
Trump’s reciprocal tariffs could spur more chaos. US jobs report might show DOGE impact on labour market. Eurozone inflation will be vital for ECB bets as April cut uncertain. RBA to likely hold rates; Canadian jobs, BoJ Tankan survey also on tap.
