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USD/CAD holds firm as mixed trade headlines cloud USD outlook
USD/CAD holds firm as mixed trade headlines cloud USD outlook
The USD/CAD pair holds steady around the 1.3900 zone on Friday as markets weigh fresh US-China trade headlines and stronger oil prices against a firmer Greenback.
Currencies
USDCAD
Majors
Macroeconomics
Baker Hughes oil rig count
Baker Hughes oil rig count
Weekly rig count data from Baker Hughes
EUR/GBP Price Analysis: Euro steadies near 0.8500 amid mixed signals
EUR/GBP Price Analysis: Euro steadies near 0.8500 amid mixed signals
The EUR/GBP pair was seen trading near the 0.8500 mark during Friday's session, edging lower intraday yet holding within the mid-range of 0.8511 to 0.8548. Investors appear cautious amid a light macroeconomic backdrop, with the pair moving in sync with subtle shifts in broader market sentiment.
Crosses
Technical Analysis
Currencies
EURGBP
Goldman Sachs: The dollar has further to fall
Goldman Sachs: The dollar has further to fall
Goldman Sachs on why the US dollar is overvalued
EUR/USD Price Analysis: Euro steadies near 1.1400 after soft pullback
EUR/USD Price Analysis: Euro steadies near 1.1400 after soft pullback
The EURUSD pair was seen hovering near the 1.1400 region on Friday after easing slightly in the aftermath of the European session. The pair is consolidating within a narrow range between 1.1315 and 1.1391, reflecting a pause in bullish momentum while still holding ground near recent highs.
Technical Analysis
Currencies
EURUSD
Majors
European equity close: Solid gains to cap a sizzling week
European equity close: Solid gains to cap a sizzling week
Closing changes for the main European bourses
Stocks
Major European indices close higher for the day/for the week
Major European indices close higher for the day/for the week
German DAX rises 0.78%. Spain's Ibex up 1.3%
Stocks
FT: XI has not called Trump.
FT: XI has not called Trump.
The absurd from the Art of the Deal....
GBP/USD slips despite strong UK Retail Sales as USD dominance prevails
GBP/USD slips despite strong UK Retail Sales as USD dominance prevails
The Pound Sterling registers losses against the strong US Dollar, yet it remains above 1.3300.  A strong UK Retail Sales report failed to underpin Cable, which registers losses of 0.20% as the GBP/USD trades at 1.3311.
Technical Analysis
Currencies
Majors
GBPUSD
Fundamental Analysis
Silver Price Forecast: XAG/USD plummets to near $33.00 on US-China trade talks
Silver Price Forecast: XAG/USD plummets to near $33.00 on US-China trade talks
Silver price (XAG/USD) plunges more than 1.5% to near $33.00 during North American trading hours on Friday. The white metal falls sharply from its three-week high of $33.70 posted earlier in the day.
Silver
China
UnitedStates
XAGUSD
DollarIndex
BoE's Greene: We should see some trade diversion coming from China
BoE's Greene: We should see some trade diversion coming from China
Bank of England (BoE) policymaker Megan Greene said on Friday that they are not sure if the weakness in the UK economy is caused by demand or supply, per Reuters.
CentralBanks
BOE
University of Michigan final sentiment for April 52.2 versus 50.8
University of Michigan final sentiment for April 52.2 versus 50.8
University of Michigan sentiment index for April 2025
USD/JPY sets for positive weekly close above 143.00 as US Dollar rebounds
USD/JPY sets for positive weekly close above 143.00 as US Dollar rebounds
The USD/JPY pair is expected to conclude the week on a positive note above 143.00. The pair surges to near 143.50 on Friday as the US Dollar (USD) has resumed its recovery move on hopes that United States (US) President Donald Trump is close to make deals with number of his trading partners.
TradeWar
UnitedStates
BOJ
Japan
USDJPY
Lagarde speech: Not pre-committing to a particular rate path
Lagarde speech: Not pre-committing to a particular rate path
European Central Bank (ECB) President Christine Lagarde said on Friday that the disinflation process in the Eurozone is well on track, per Reuters.
ECB
CentralBanks
Chinese Embassy: US and China are not having any negotiations on tariffs
Chinese Embassy: US and China are not having any negotiations on tariffs
The United States and China are not engaged in any talks on tariffs, the Chinese embassy said on Friday, according to Reuters.
China
UnitedStates
Politics
Macroeconomics
Temporary setback for Gold? – Commerzbank
Temporary setback for Gold? – Commerzbank
After US President Trump backtracked significantly on both tariffs against China and the dismissal of Fed Chair Powell, the price of Gold temporarily fell back below $3,300 per troy ounce, Commerzbank's FX analyst Thu Lan Nguyen notes.
XAUUSD
Metals
Gold
Commodities
Banks
Kazakhstan puts OPEC+ cohesion to the test – Commerzbank
Kazakhstan puts OPEC+ cohesion to the test – Commerzbank
Given this situation, it is hardly conceivable that Kazakhstan will limit oil production as planned, let alone compensate for the current overproduction with larger production cuts, Commerzbank's commodity analyst Carsten Fritsch notes.
Oil
Energy
WTI
Banks
JPY soft in context of trade headline-driven market – Scotiabank
JPY soft in context of trade headline-driven market – Scotiabank
Japanese Yen (JPY) is weak, down 0.7% against the US Dollar (USD) and underperforming most of the G10 currencies in an environment of broad-based USD strength, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Technical Analysis
BOJ
Japan
USDJPY
Banks
OPEC+ countries consider significant increase in production for June as well – Commerzbank
OPEC+ countries consider significant increase in production for June as well – Commerzbank
According to a Reuters report, the eight OPEC+ countries with voluntary production cuts could also increase oil production more significantly in June, Commerzbank's commodity analyst Carsten Fritsch notes.
Oil
OPEC
Energy
Commodities
Banks
GBP soft but finds modest support – Scotiabank
GBP soft but finds modest support – Scotiabank
Pound Sterling (GBP) is down a modest 0.3% and showing relative gains against nearly all the G10 currencies, once again trading in tandem with its peers on trade-related headlines while still lagging in terms of magnitude, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Technical Analysis
Banks
GBPUSD
Gold price surge fueled by strong ETF demand – Commerzbank
Gold price surge fueled by strong ETF demand – Commerzbank
In the middle of next week, the World Gold Council (WGC) will publish its report on gold demand in the first quarter. This is likely to show that the sharp rise in the gold price in the first three months of the year was driven by strong investment demand.
XAUUSD
Metals
Gold
Commodities
Banks
CAD eases modestly – Scotiabank
CAD eases modestly – Scotiabank
The Canadian Dollar (CAD) is marginally softer on the session but holding up better than its major currency peers to the USD’s broader rebound, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Technical Analysis
Canada
BOC
USDCAD
Banks
Brent rises above $68 on trade hopes, sanctions – Commerzbank
Brent rises above $68 on trade hopes, sanctions – Commerzbank
The price of Brent oil rose to more than $68 per barrel this week, reaching its highest level since the announcement of reciprocal tariffs by US President Trump at the beginning of April, Commerzbank's commodity analyst Carsten Fritsch notes.
Oil
Banks
Energy
Brent
WTI tumbles to near $62.00 on OPEC’s supply increase, potential demand concerns
WTI tumbles to near $62.00 on OPEC’s supply increase, potential demand concerns
West Texas Intermediate (WTI), futures on NYMEX, is down over 1% to near $62.00 during European trading hours on Friday.
Oil
OPEC
China
UnitedStates
WTI
US Dollar milder ahead of filled geopolitical weekend
US Dollar milder ahead of filled geopolitical weekend
The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, trades on the front foot, up around 0.40% on Friday at the time of writing.
TradeWar
UnitedStates
SEO
Macroeconomics
DollarIndex
USD steadies, challenges remain – Scotiabank
USD steadies, challenges remain – Scotiabank
Markets are ending the week on a steadier note. The USD is a little stronger, US equity futures slipping back after yesterday’s pop higher and US Treasurys are a little firmer.
Technical Analysis
Fed
Banks
DollarIndex
Forexlive European FX news wrap: Markets less optimistic after Trump's interview with Time
Forexlive European FX news wrap: Markets less optimistic after Trump's interview with Time
Forex news from the European morning session on Apr 25, 2025
Session wrap
Wrap Europe
Markets not enthusiastic about Trump's remarks
Markets not enthusiastic about Trump's remarks
Two key comments could be weighing on the optimism
market overview
CNY: Waiting for the PMIs – Commerzbank
CNY: Waiting for the PMIs – Commerzbank
Next week, China will release its official PMIs, which, unlike in other countries, are always released on the last day of the month rather than the first day of the following month.
China
USDCNY
PBOC
USDCNH
Banks
AUD/USD slumps to near 0.6380 as US Dollar bounces back
AUD/USD slumps to near 0.6380 as US Dollar bounces back
The AUD/USD pair falls sharply to near 0.6380 in Friday’s North American session. The Aussie pair weakens as the US Dollar (USD) resumes its upside recovery after a corrective move on Thursday.
AUDUSD
China
UnitedStates
Australia
DollarIndex