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AUD/USD: Upside appears capped at 0.6300 on Trump's tariff fallout
AUD/USD struggles to build on the previous day's rebound and remains below the 0.6300 mark early Wednesday, anticipating US President Trump's tariffs announcement later in the day. However, buyers continue to draw support from China's stimulus optimism and RBA's prudence on the policy outlook.
USD/JPY holds losses below 150.00 as traders await Trump's tariffs
USD/JPY stays defensive below 150.00 in Wednesday's Asian trading as traders turn cautious ahead of Trump's reciprocal tariffs announcement. A cautious market mood and BoJ Ueda's comments underpin the Japanese Yen, keeping the pair under pressure amid a subdued US Dollar.
Gold price holds comfortably above $3,100 amid trade jitters
Gold price attracts some dip-buyers following the previous day's retracement slide from the record high amid persistent safe-haven demand, bolstered by worries about a tariff-driven global economic slowdown. Furthermore, Fed rate cut expectations and the lack of USD buying interest offer additional support to the XAU/USD.
US Government to conclude BTC, ETH, XRP, SOL, and ADA reserves audit next Saturday
Bitcoin price rose 3% on Tuesday, as MicroStrategy, Metaplanet and Tether all announced fresh BTC purchase. However, BTC price is likely to remain volatile ahead of the anticipated disclosure of U.S. government crypto holdings, which could fuel speculation in the coming days.
DEEPER DIVE
US: Economy entered 2025 with momentum but policy uncertainty weighs on the outlook
The US economy entered 2025 with a fair amount of momentum. However, GDP growth in the first quarter of the year looks to be soft. Real consumer spending declined in January, although the weakness may be attributable, at least in part, to bad weather.
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
Dogecoin bulls defend lifeline support as risk-off sentiment continues
Dogecoin price stays below three major daily moving averages after Elon Musk severed perceived ties to D.O.G.E., the agency. Uncertainty in global markets over Trump’s tariff war heightens risk-off sentiment.
Bitcoin recovers as dominance increases, signaling a shift amid market stress
Bitcoin price recovers slightly, trading above $84,000 on Tuesday after falling 4.29% the previous week. Crypto Finance reports that Bitcoin’s dominance rose to 61.4%, reflecting a shift toward BTC as a resilient asset amid market stress.
Solana Policy Institute launch to shape policies for decentralized networks
Solana Policy Institute aims to educate policymakers on decentralized networks like Solana. SPI plans to unite Solana's ecosystem voices to demonstrate the technology's economic and social benefits amid debates over its decentralization and reliability.
STOCKS
Apple readies large-scale revamp of health offerings as market withers on Trump tariff jitters Premium
The US stock market sold off immediately upon opening on Monday, but Apple (AAPL) stock was largely unfazed. At the time of writing, Apple shares were up 0.2% a half hour into the morning session while the indices shed weight much more extensively.
The S&P 500 falls into correction territory, but could this spur a recovery?
There is an air of capitulation in financial markets ahead of the April 2nd reciprocal tariff announcement from the US. Global stocks are all in the red, the Eurostoxx 50 index is down by 1.7%, and all sectors are in the red. The biggest decline is for industrial stocks and consumer discretionary, followed by the financial sector.
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.
