Ipek Ozkardeskaya
Swissquote Bank Ltd
The tariff talk remains on the headlines as the Liberation Day approaches. Risk appetite is nowhere to be found, the US dollar is weak, gold continues to extend gains into uncharted territories and oil bulls remain unreactive to the news that Trump is pissed off with Putin for unveiling plans for the next Ukrainian leadership. Equities are under pressure, the US dollar reversed an attempt to rebound from the March dip and is down for the third session on mediocre growth expectations for the US economy.
In summary, the euro is looking stronger than sterling and the dollar, while the US dollar has become the weakest link among the three.
This week, investors will continue to watch the Eurozone inflation numbers and the US jobs data. The expectations are weak. If the Liberation Day doesn’t lead to a relief rebound in the US dollar, the euro could make an attempt above the 1.10 mark against the dollar, and Cable could break the back of the 1.30 offers.
This report has been prepared by Swissquote Bank Ltd and is solely been published for informational purposes and is not to be construed as a solicitation or an offer to buy or sell any currency or any other financial instrument. Views expressed in this report may be subject to change without prior notice and may differ or be contrary to opinions expressed by Swissquote Bank Ltd personnel at any given time. Swissquote Bank Ltd is under no obligation to update or keep current the information herein, the report should not be regarded by recipients as a substitute for the exercise of their own judgment.
Recommended Content
Editors’ Picks
AUD/USD remains weak below 0.6300 despite upbeat Chinese PMI data
The AUD/USD pair remains under selling pressure around 0.6280 during the early Asian session on Thursday. The Australian Dollar pares losses against the Greenback after the stronger Chinese economic data. However, the upside might be limited as US President Donald Trump announced sweeping global reciprocal tariffs, prompting traders to turn cautious.
USD/JPY slumps to three-week low amid Trump's tariffs-inspired risk-off impulse
USD/JPY dives to a three-week low during the Asian session on Thursday as Trump's sweeping trade tariffs provide a strong boost to traditional safe-haven assets. The anti-risk flow triggers a steep decline in the US Treasury bond yields, which drags the USD back closer to a multi-month low touched in March.
Gold price hits fresh all-time peak in reaction to Trump's tariffs
Gold price spiked to a fresh record high on Thursday as investors grew increasingly concerned over the economic impact of Trump’s sweeping tariffs. This triggers a global risk-aversion trade and boosts the safe-haven bullion. Fed rate cut bets, declining US bond yields, and heavy USD selling benefits the non-yielding yellow metal.
Bitcoin and top altcoins slide as Trump kicks off reciprocal tariffs
Bitcoin and the entire crypto market saw a quick correction on Wednesday following President Donald Trump's reciprocal tariff announcements based on half of each country's respective rates.
Trump’s “Liberation Day” tariffs on the way
United States (US) President Donald Trump’s self-styled “Liberation Day” has finally arrived. After four straight failures to kick off Donald Trump’s “day one” tariffs that were supposed to be implemented when President Trump assumed office 72 days ago, Trump’s team is slated to finally unveil a sweeping, lopsided package of “reciprocal” tariffs.
The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.