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USD/CHF slumps below 0.8500 amid risk-off mood, Trump tariff fallout
USD/CHF slumps below 0.8500 amid risk-off mood, Trump tariff fallout
The USD/CHF pair attracts some sellers to around 0.8495 during the early European session on Monday.
USDCHF
Majors
Macroeconomics
Forex Today: US Dollar under pressure as tariff headlines dominate markets
Forex Today: US Dollar under pressure as tariff headlines dominate markets
Here is what you need to know on Monday, April 7:
Currencies
TradeWar
Majors
Commodities
Macroeconomics
Risk-off flows ramp up again as we get into European trading
Risk-off flows ramp up again as we get into European trading
US futures sink lower with S&P 500 futures now down 5%
market overview
India Gold price today: Gold extends retreat from record highs amid global sell-off
India Gold price today: Gold extends retreat from record highs amid global sell-off
Following Friday's 3% slump in Gold price on Comex, Gold price in India remains on the losing end early Monday.
Gold
India
TradeWar
RiskAversion
Commodities
The Japanese Nikkei Index enters bear market
The Japanese Nikkei Index enters bear market
The Nikkei Index falls over 20% from the December high
Market Outlook for the Week 7th-11th April
Market Outlook for the Week 7th-11th April
The highlights of the week include RBNZ monetary policy announcement and U.S. inflation data
NZD
USD
Eurostoxx futures -3.7% in early European trading
Eurostoxx futures -3.7% in early European trading
A very rough start slated for the open later
Stocks
EU’s Séjourné: List of products in EU response to US tariffs will be announced in coming days
EU’s Séjourné: List of products in EU response to US tariffs will be announced in coming days
Stéphane Séjourné, the European Union (EU) Commissioner for prosperity and industrial strategy, said on Monday, “list of products in EU response to US tariffs will be announced in coming days.”
EURUSD
TradeWar
Europe
UnitedStates
What are the main events for today?
What are the main events for today?
We have just have some low tier releases and a couple of central bank speakers
market overview
German Industrial Production declines 1.3% MoM in February vs. -1.1% expected
German Industrial Production declines 1.3% MoM in February vs. -1.1% expected
Germany’s industrial sector returned to contraction in February, according to the latest data published by Destatis on Monday.
EURUSD
Germany
EconomicIndicator
IndustrialProduction
Silver Price Forecast: XAG/USD rebounds above $30.00 amid global trade war
Silver Price Forecast: XAG/USD rebounds above $30.00 amid global trade war
The Silver price (XAG/USD) recovers to around $30.05 during the early European trading hours on Monday. The white metal edges higher as the fear of tariff wars and the potential global recession boost the safe-haven demand. 
Silver
XAGUSD
Commodities
Macroeconomics
EU commissioner for industrial strategy says response to US tariffs will be proportionate
EU commissioner for industrial strategy says response to US tariffs will be proportionate
Remarks by Stéphane Séjourné, the EU commissioner for prosperity and industrial strategy
Gold price struggles to capitalize on intraday recovery from multi-week low; remains below $3,050
Gold price struggles to capitalize on intraday recovery from multi-week low; remains below $3,050
Gold price (XAU/USD) attracts some buyers near the $2,972-2,971 area, or a nearly four-week low touched earlier this Monday, and for now, seems to have stalled its retracement slide from the all-time peak touched last week.
Resources
TradeWar
SEO
Gold
Commodities
BoJ maintains assessment for all of Japan's nine regions
BoJ maintains assessment for all of Japan's nine regions
In its quarterly regional economic report published on Monday, the Bank of Japan (BoJ) maintains the assessment for all of Japan's nine regions.
GDP
BOJ
CentralBanks
USDJPY
China reportedly considers frontloading stimulus to counter hit from tariffs
China reportedly considers frontloading stimulus to counter hit from tariffs
If true, it could help to ease the nerves a little ahead of the close in Asia today
It's a bloodbath heading into European trading
It's a bloodbath heading into European trading
The market pain continues to start the new week
market overview
NZD/USD remains under selling pressure near 0.5550 on Chinese tariff retaliation
NZD/USD remains under selling pressure near 0.5550 on Chinese tariff retaliation
The NZD/USD pair remains under selling pressure around 0.5565 during the early European session on Monday.
TradeWar
Majors
NZDUSD
Macroeconomics
FX option expiries for Apr 7 NY cut
FX option expiries for Apr 7 NY cut
FX option expiries for Apr 7 NY cut at 10:00 Eastern Time via DTCC can be found below.
Currencies
Options
ECB’s Stournaras: Trump’s tariffs could slow Euro area growth by 0.5 to 1 percentage points
ECB’s Stournaras: Trump’s tariffs could slow Euro area growth by 0.5 to 1 percentage points
European Central Bank (ECB) policymaker Yannis Stournaras warned on Monday, “Trump tariffs risk large euro-area demand shock,” per the Financial Times (FT).
ECB
EURUSD
CentralBanks
InterestRate
ForexLive Asia-Pacific FX news wrap: Freefallin’
ForexLive Asia-Pacific FX news wrap: Freefallin’
Forex news for Asian trading on Apr 7, 2025
Session wrap
Wrap Asia
Japan finance minister Kato says closely watching market moves
Japan finance minister Kato says closely watching market moves
Just generic comments from Kato here, nothing substantial.
USD/CAD trades with positive bias around mid-1.4200s as Oil prices tumble to multi-year low
USD/CAD trades with positive bias around mid-1.4200s as Oil prices tumble to multi-year low
The USD/CAD pair attracts some follow-through buying for the second consecutive day on Monday and looks to build on last week's modest recovery from the 1.4030-1.4025 region or year-to-date low.
USDCAD
TradeWar
RiskAversion
Fed
Currencies
Treasurer Chalmers: Expect Australian GDP to take a hit due to Trump’s tariffs
Treasurer Chalmers: Expect Australian GDP to take a hit due to Trump’s tariffs
Commenting on the impact of US President Donald Trump’s tariffs on Monday, Australian Treasurer Jim Chalmers said that he expected the economy to take a  hit.
Australia
GDP
TradeWar
AUDUSD
Japanese Yen remains close to multi-month high against a broadly weaker USD
Japanese Yen remains close to multi-month high against a broadly weaker USD
The Japanese Yen (JPY) reverses an intraday dip against its American counterpart and climbs back closer to the top end of the daily range heading into the European session on Monday.
TradeWar
BOJ
SEO
USDJPY
RiskAversion
WTI tumbles to a four-year low near $60.00 amid Trump’s tariff woes 
WTI tumbles to a four-year low near $60.00 amid Trump’s tariff woes 
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $60.30 during the early Asian session on Monday. The WTI price falls to its lowest point since April 2021 amid the fears that US President Donald Trump’s global tariffs would push the United States (US) into a recession.
WTI
Oil
Commodities
Macroeconomics
Ackman draws a bead on Lutnick - pick a "bad idea", "irreconcilable conflict of interest"
Ackman draws a bead on Lutnick - pick a "bad idea", "irreconcilable conflict of interest"
It looks like Ackman is jumping on the band wagon to bring down US Commerce Secretary Lutnick
USD/INR strengthens as Trump-induced tariffs storm intensifies
USD/INR strengthens as Trump-induced tariffs storm intensifies
The Indian Rupee (INR) trades in negative territory on Monday. The local currency remains under pressure after US President Donald Trump unveiled a bigger-than-expected wall of tariffs around the world's largest economy, upending trade and supply chains.
EmergingMarkets
SEO
USDINR
India
Macroeconomics
Japan’s Hayashi: Closely watching market moves with a sense of urgency
Japan’s Hayashi: Closely watching market moves with a sense of urgency
Japanese Chief Cabinet Secretary Yohsimasa Hayashi said on Monday that he is “closely watching market moves with a sense of urgency.”
Japan
USDJPY
Macroeconomics
PBOC boosts Gold reserves for the fifth consecutive month
PBOC boosts Gold reserves for the fifth consecutive month
The latest data published by the People’s Bank of China (PBOC) on Monday showed that the Chinese central bank increased its state Gold reserves for the fifth consecutive month.
CentralBanks
Gold
PBOC
Japan's PM and Cabinet Secretary comments seek to dilute market damage
Japan's PM and Cabinet Secretary comments seek to dilute market damage
Plenty of "looking closely at" types of jaw boning
Nikkei
JPY
Goldman Sachs raises US recession probability to 45%odds, cuts 2025 growth forecast
Goldman Sachs raises US recession probability to 45%odds, cuts 2025 growth forecast
Goldman Sachs' “Countdown to Recession” cites Trump's tariff risks and rising uncertainty
SPX
USD
China stock index futures cratered at the open
China stock index futures cratered at the open
Not as badly as some other Asian exchanges
China Stock Market