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US Dollar lifted by Nonfarm Payrolls surprise and Powell’s cautious stance
US Dollar lifted by Nonfarm Payrolls surprise and Powell’s cautious stance
The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, rises on Friday and is trading near the 103 area following a stronger-than-anticipated Nonfarm Payrolls report.
Currencies
SEO
DollarIndex
UK offered to cut tariffs on beef and fish.
UK offered to cut tariffs on beef and fish.
Talks with the UK on tariffs continue.
WH CEA Chair Miran: Tax cuts and deregulation ahead
WH CEA Chair Miran: Tax cuts and deregulation ahead
Council of economic advisers head speaking
GBPUSD falls to new lows and tests the low for the week
GBPUSD falls to new lows and tests the low for the week
Swing lows going back to March 5 is also being approached
Baker Hughes oil rig counts +5 to 489
Baker Hughes oil rig counts +5 to 489
Weekly Baker Hughes rig count
Oil
USD
Washington Post: Trump chose the formula for the tariffs
Washington Post: Trump chose the formula for the tariffs
The formula chosen was one that Peter Navaro favored
Gold price crashed over 2.8% as Powell turn hawkish on tariffs and inflation
Gold price crashed over 2.8% as Powell turn hawkish on tariffs and inflation
Gold prices extend their drop for the second consecutive day, hitting a seven-day low of $3,023 per troy ounce, down more than 2.80% as Federal Reserve Chair Jerome Powell turned hawkish in a conference in Virginia.
Gold
XAUUSD
RiskAversion
Fed
EUR/USD cycles 1.10 after Powell pushes back on rate cut bets
EUR/USD cycles 1.10 after Powell pushes back on rate cut bets
EUR/USD churned near 1.1000 on Friday, sticking mostly flat as exhausted markets were greeted by an overly-cautious Federal Reserve (Fed) Chair Powell, who warned that inflation and recession risks thanks to tariffs will make it less, not more, likely that the Fed will cut rates sooner.
EURUSD
Fed
InterestRate
Inflation
TradeWar
EUR/USD with losses on Powell's words, bulls take a breather
EUR/USD with losses on Powell's words, bulls take a breather
During Friday’s session following the European close, the EUR/USD pair slipped back toward the 1.1000 area, surrendering part of its early-week strength.
EURUSD
Majors
Currencies
Technical Analysis
EURUSD gives the sellers a small victory in the short term
EURUSD gives the sellers a small victory in the short term
Price back below a swing area extreme from 2024
Breaking: Fed Chairman Powell says Trump tariffs risk higher inflation, slower growth
Breaking: Fed Chairman Powell says Trump tariffs risk higher inflation, slower growth
Federal Reserve (Fed) Chairman Jerome Powell said on Friday that US President Donald Trump's tariffs are bigger than expected, and they risk higher inflation and slower growth, while delivering his prepared speech at the annual conference for the Society for Advancing Business Editing and Writing on
Breaking
Fed
CentralBanks
TradeWar
GBP/USD plunges below 1.2950 on risk aversion
GBP/USD plunges below 1.2950 on risk aversion
The Pound Sterling tumbles sharply against the US Dollar, falling more than 1% on Friday as risk appetite deteriorates after China imposed tariffs on US goods, which triggered a reaction from US President Donald Trump.
GBPUSD
Majors
Fundamental Analysis
Technical Analysis
Trump indicates he is in deal mode after call with Vietnam
Trump indicates he is in deal mode after call with Vietnam
Vietnam tariffs were one of the biggest surprises this week
Politics
AUDUSD meltdown: Sellers crush support in the biggest drop since 2012
AUDUSD meltdown: Sellers crush support in the biggest drop since 2012
Break below key MAs and tariff escalation fuel a -4.40% plunge; buyers sidelined as the pair targets pandemic-era lows near 0.5985
WTI tanks almost 8% as Trump tariffs stoke global economic risks
WTI tanks almost 8% as Trump tariffs stoke global economic risks
West Texas Intermediate (WTI), futures on NYMEX, continues to face a bloodbath as the announcement of reciprocal tariffs by United States (US) President Donald Trump has prompted global economic risks.
Oil
WTI
UnitedStates
China
Macroeconomics
Why is Bitcoin Going Down? China’s 34% Tariff Deepens Market Decline
Why is Bitcoin Going Down? China’s 34% Tariff Deepens Market Decline
News Discussion Forum
By Finance Magnates
Why is Bitcoin Going Down? China’s 34% Tariff Deepens Market Decline
Global markets took a sharp hit on Friday after China announced a sweeping 34% tariff on all U.S. goods, escalating tensions in the ongoing trade war.
Trump Tariffs
china
Malta Issues $1.2 Million Fine to OKX for Past AML Failures amid MiCA License
Malta Issues $1.2 Million Fine to OKX for Past AML Failures amid MiCA License
News Discussion Forum
By Finance Magnates
Malta Issues $1.2 Million Fine to OKX for Past AML Failures amid MiCA License
Cryptocurrency exchange OKX is under regulatory scrutiny in Europe after Maltese authorities issued a fine for violations of AML laws.
MiCA
OKX Bybit
malta
complaince
USD/CAD gains further to near 1.4240 after US/Canada employment data
USD/CAD gains further to near 1.4240 after US/Canada employment data
The USD/CAD pair extends its upside to near 1.4240 during North American trading hours on Friday. The Loonie pair strengthens as the Canadian Dollar (CAD) falls further after the release of the downbeat employment data for March.
USDCAD
BOC
Employment
TradeWar
UnitedStates
NASDAQ index trades down as much as 21.2% from it's all time high
NASDAQ index trades down as much as 21.2% from it's all time high
S&P index trades down -15.25% from it's all time high
Stocks
USDJPY caught between key support and resistance as directional bias narrows
USDJPY caught between key support and resistance as directional bias narrows
Sellers lean on 146.534 while buyers defend 144.40–144.52; a breakout from the range will set the next directional move
JPY
USD
OPEC+ increases oil production unexpectedly significantly in May – Commerzbank
OPEC+ increases oil production unexpectedly significantly in May – Commerzbank
The eight OPEC+ countries with voluntary production cuts surprisingly announced yesterday that they would increase production by 411 thousand barrels per day in May.
OPEC
Oil
Energy
Banks
GBP losses steady around 1.30 – Scotiabank
GBP losses steady around 1.30 – Scotiabank
Pound Sterling (GBP) is weak, down a meaningful 0.8% vs. the USD while still trading relatively well vs.
GBPUSD
Technical Analysis
Banks
EUR/USD consolidates around 1.10 – Scotiabank
EUR/USD consolidates around 1.10 – Scotiabank
Euro (EUR) is soft, down 0.4% vs. the US Dollar (USD) and trading back around the 1.10 level with a modest fade of Thursday’s impressive rally, Scotiabank's Chief FX Strategist Shaun Osborne notes.
EURUSD
Technical Analysis
Banks
Octa Recognised as the Most Innovative Broker 2025 by FXDailyInfo
Octa Recognised as the Most Innovative Broker 2025 by FXDailyInfo
News Discussion Forum
By Finance Magnates
Octa Recognised as the Most Innovative Broker 2025 by FXDailyInfo
Octa broker introduced new cutting-edge features to its trading platform, OctaTrader.
Kazakh oil production at record level also in March – Commerzbank
Kazakh oil production at record level also in March – Commerzbank
Kazakhstan's oil production is said to have risen to a new record level in March, Reuters reported, citing informed sources, Commerzbank's commodity analyst Carsten Fritsch notes.
Oil
Energy
Commodities
Banks
USDCHF remains under pressure near 2024 consolidation lows
USDCHF remains under pressure near 2024 consolidation lows
USDCHF pair remains bearish below 0.8557; key support levels in focus as sellers stay in control
CHF
USD
CAD gives up some gains on weak risk mood – Scotiabank
CAD gives up some gains on weak risk mood – Scotiabank
The Canadian Dollar (CAD) is softer, losing ground against a generally stronger USD, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Canada
BOC
USDCAD
Banks
Oil prices under pressure after US tariff announcement – Commerzbank
Oil prices under pressure after US tariff announcement – Commerzbank
Oil prices came under significant pressure following US President Trump's tariff announcements, Commerzbank's commodity analyst Carsten Fritsch notes.
Oil
Energy
Commodities
Banks
USD recovers but sentiment remains weak – Scotiabank
USD recovers but sentiment remains weak – Scotiabank
The impact of this week’s US tariff announcement continues to reverberate around global markets. Stocks continue to weaken, havens – bonds – remain strongly bid.
Technical Analysis
Banks
DollarIndex
S&P 500 futures down 2.4%
S&P 500 futures down 2.4%
US stock futures down 2.4%
Stocks
USDCAD stalls at key resistance after diverging jobs data from Canada and U.S.
USDCAD stalls at key resistance after diverging jobs data from Canada and U.S.
Weaker Canadian employment and stronger U.S. jobs lift USDCAD, but key technical barriers at 1.42386 and above stand in the way of further gains.
Canada Unemployment Rate edged higher to 6.7% in March
Canada Unemployment Rate edged higher to 6.7% in March
The Unemployment Rate in Canada edged higher to 6.7% in March from 6.6% in February, Statistics Canada reported on Friday. This reading came in line with the market expectation.
Canada
Employment
EconomicIndicator