Fed's Williams: Tariffs will boost inflation to 3.5-4% this year
Fed's Williams: Tariffs will boost inflation to 3.5-4% this year
Federal Reserve (Fed) Bank of New York President John Williams noted on Friday that he overwhelmingly anticipates a general weakening in US economic data as tariffs continue to take root.
TradeWar
Fed
CentralBanks
Inflation
AUDUSD capped by 100-day MA, support test underway
AUDUSD capped by 100-day MA, support test underway
Repeated failure at key resistance shifts focus to 0.6224 support zone; break would strengthen bearish control
AUD
USD
Fed's Musalem : Expect growth this year lower than trend
Fed's Musalem : Expect growth this year lower than trend
St. Louis Federal Reserve President Alberto Musalem said on Friday that he expects the economic growth this year to be lower than the trend, per Reuters.
CentralBanks
Fed
Will Solana Reach $1000? Institutional Bets and Trump Tariffs Boost Demand
Will Solana Reach $1000? Institutional Bets and Trump Tariffs Boost Demand
News Discussion Forum
By Finance Magnates
Will Solana Reach $1000? Institutional Bets and Trump Tariffs Boost Demand
Solana is leading a fresh attempt at market recovery, largely boosted by the latest development involving Trump tariffs and institutional adoption of the digital asset.
Solana
etfs
NZDUSD rebound fizzles near resistance. What now?
NZDUSD rebound fizzles near resistance. What now?
Pair stalls near 38.2% retracement and prior highs; support now eyed near 0.5764–0.5771 range
NZD
USD
Fed’s Musalem: There is more work to do on inflation
Fed’s Musalem: There is more work to do on inflation
St.
Fed
CentralBanks
Inflation
InterestRate
DollarIndex
US UoM Consumer Sentiment Index drops to 50.8 in April vs. 54.5 expected
US UoM Consumer Sentiment Index drops to 50.8 in April vs. 54.5 expected
Consumer confidence in the United States (US) continued to deteriorate in April, with the University of Michigan's (UoM) Consumer Sentiment Index dropping to 50.8 in the flash estimate from 57 in March. This reading came in worse than the market expectation of 54.5.
ConsumerConfidence
UnitedStates
EconomicIndicator
USDCAD breaks key support, sellers tighten grip
USDCAD breaks key support, sellers tighten grip
Pair falls below 200-day moving average and 61.8% retracement, exposing deeper downside toward 1.3813 and beyond
CAD
USD
USD safe haven status under pressure – Rabobank
USD safe haven status under pressure – Rabobank
The US dollar's role as a global safe haven is being challenged amid rising budget deficits and trade tensions.
Technical Analysis
Banks
DollarIndex
Fed’s Collins: The Fed will need to hold steady for longer
Fed’s Collins: The Fed will need to hold steady for longer
During an interview with Yahoo Finance on Friday, Federal Reserve Bank of Boston President Susan Collins noted that even amidst intense pressure, financial markets seem to be weathering the storm.
Currencies
Fed
CentralBanks
InterestRate
GBP advance lags core peers – Scotiabank
GBP advance lags core peers – Scotiabank
Pound Sterling (GBP) is firmer on the day but has struggled to keep up with its core G10 peers over the week, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Technical Analysis
Banks
GBPUSD
EUR surges to 1.14 before consolidating – Scotiabank
EUR surges to 1.14 before consolidating – Scotiabank
The Euro (EUR) tested the upper 1.08s Monday and traded to a three-year high above 1.14 earlier. It is notable that the EUR surge is happening against a backdrop of widening EZ/US spreads which would ordinarily be a negative factor for the EUR, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Technical Analysis
EURUSD
Banks
USD/JPY drops to seven-month lows near 142.00
USD/JPY drops to seven-month lows near 142.00
USD/JPY adds to the pessimism seen in the latter part of the week and recedes to the 142.00 region on Friday, an area last seen in late September.
Currencies
Fed
USDJPY
CAD grinds higher versus a weaker USD – Scotiabank
CAD grinds higher versus a weaker USD – Scotiabank
The Canadian Dollar (CAD) is getting pulled along with the broader sell-off in the USD and is notching up another decent weekly gain—its fourth on the trot and the largest since late 2022.
Banks
USDCAD
Technical Analysis
BOC
Canada
USDCHF continues to be under pressure after break yesterday
USDCHF continues to be under pressure after break yesterday
The USDCHF is continuing the run from the floor between 0.8333 to 0.8373.
CHF
USD
USD slide extends to a three-year low – Scotiabank
USD slide extends to a three-year low – Scotiabank
'Transition problems' with US Tariffs continue. The US Dollar (USD) is getting trashed.
Technical Analysis
Fed
Banks
DollarIndex
US annual PPI inflation softens to 2.7% in March vs. 3.3% expected
US annual PPI inflation softens to 2.7% in March vs. 3.3% expected
The Producer Price Index (PPI) for final demand in the US rose 2.7% on a yearly basis in March, the data published by the US Bureau of Labor Statistics showed on Friday. This reading followed the 3.2% increase recorded in February and came in below the market expectation of 3.3%.
UnitedStates
PPI
EconomicIndicator
Macroeconomics
Manufacturing
US Dollar pares losses, DXY holding near three-year lows
US Dollar pares losses, DXY holding near three-year lows
The US Dollar Index (DXY) bounced from a fresh three-year low of 99.02 achieved on Friday amid escalating tensions between China and the United States (US). The index currently hovers around 99.70, sharply down for a second consecutive day.
Sentiment
TradeWar
Inflation
DollarIndex
FCA’s Review Exposes Concerns over Push Notifications and Prize Draws in Trading Apps
FCA’s Review Exposes Concerns over Push Notifications and Prize Draws in Trading Apps
News Discussion Forum
By Finance Magnates
FCA’s Review Exposes Concerns over Push Notifications and Prize Draws in Trading Apps
The FCA has published a Multi-firm Review, "Trading apps: high-level observations," offering guidance for new and traditional investment brokers.
fca
The Financial Conduct Authority (FCA)
retail FX
Trading App
ForexLive European FX news wrap: Dollar woes continue, China hits back on tariffs
ForexLive European FX news wrap: Dollar woes continue, China hits back on tariffs
Forex news from the European morning session on Apr 11, 2025
Session wrap
Wrap Europe
Fed's Kashkari: Not seeing evidence yet that long-run inflation expectations are rising
Fed's Kashkari: Not seeing evidence yet that long-run inflation expectations are rising
In an interview with CNBC on Friday, Federal Reserve (Fed) Bank of Minneapolis President Neel Kashkari said that their job is to make sure that inflation expectations don't rise, per Reuters.
Fed
CentralBanks
Following US Tariff Pause, Trump Reverses IRS DeFi Rule Easing Crypto Concerns
Following US Tariff Pause, Trump Reverses IRS DeFi Rule Easing Crypto Concerns
News Discussion Forum
By Finance Magnates
Following US Tariff Pause, Trump Reverses IRS DeFi Rule Easing Crypto Concerns
US President Donald Trump signed a bill overturning an IRS rule that expanded the broker definition to include decentralized crypto exchanges.
crypto
donald trump
DeFi
cryptocurrency
USD/CHF bounces off lows near the 0.8100 zone, tariffs eyed
USD/CHF bounces off lows near the 0.8100 zone, tariffs eyed
On Friday, Beijing dramatically ramped up tariffs on US imports to 125%, striking back at President Trump's move to hike duties on Chinese goods to 145%. This countermeasure has ramped up the tension in a trade war that now threatens to upend global supply chains.
Currencies
TradeWar
Fed
Inflation
USDCHF
Platinum and Palladium hit by tariff conflict, downward revision of price forecasts – Commerzbank
Platinum and Palladium hit by tariff conflict, downward revision of price forecasts – Commerzbank
The tariff conflict triggered by US President Trump and the resulting increase in risk aversion also put pressure on the Platinum and Palladium prices.
Metals
Platinum
Palladium
Banks
Gold ETFs post strong inflows in March and the first quarter – Commerzbank
Gold ETFs post strong inflows in March and the first quarter – Commerzbank
The March data on gold ETFs published by the World Gold Council this week showed a continued high buying interest among ETF investors, Commerzbank's commodity analyst Carsten Fritsch notes.
XAUUSD
Metals
Gold
Banks
EIA lowers forecast for global oil demand and US oil production – Commerzbank
EIA lowers forecast for global oil demand and US oil production – Commerzbank
Oversupply fears push oil price outlook lower
Oil
Energy
Brent
Banks
Large discrepancies between surveys on OPEC production in March – Commerzbank
Large discrepancies between surveys on OPEC production in March – Commerzbank
The OPEC production surveys by Reuters and Bloomberg again showed a considerable discrepancy for March, Commerzbank's commodity analyst Carsten Fritsch notes.
Oil
OPEC
Energy
Banks
Why Is XRP Going Up? Standard Chartered Predicts $5.50 by End of 2025
Why Is XRP Going Up? Standard Chartered Predicts $5.50 by End of 2025
News Discussion Forum
By Finance Magnates
Why Is XRP Going Up? Standard Chartered Predicts $5.50 by End of 2025
Standard Chartered has published price projections for XRP through to 2028. The bank outlined targets for the end of each year, starting with 2025.
Ripple
XRP News
XRP
ripple. xrp
Standard Chartered