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Forexlive European FX news wrap: Markets closed, no action in FX or Crypto

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Forexlive European FX news wrap: Markets closed, no action in FX or Crypto

Forex news from the European morning session on Apr 18, 2025

Session wrap

Wrap Europe

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China's top legislature to meet on 27-30 April this month

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China's top legislature to meet on 27-30 April this month

The NPC standing committee is set to meet in Beijing in ten days' time

CNY

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Silver price today: Silver broadly unchanged, according to FXStreet data

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Silver price today: Silver broadly unchanged, according to FXStreet data

Silver prices (XAG/USD) broadly unchanged on Friday, according to FXStreet data.

Silver

Commodities

Metals

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Japan Government: Economy recovering moderately but sees uncertainty from US trade policy

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Japan Government: Economy recovering moderately but sees uncertainty from US trade policy

Some remarks from the Japanese Cabinet Office

JPY

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ECB's Muller: Rates no longer a constraint on economic activity

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ECB's Muller: Rates no longer a constraint on economic activity

European Central Bank (ECB) policymaker Madis Muller explained on Friday that their decision to cut key rates by 25 basis points at the April policy meeting was supported by the drop in energy prices, and tariffs.

ECB

EURUSD

CentralBanks

InterestRate

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ECB's Muller: Near-term growth outlook is more challenging

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ECB's Muller: Near-term growth outlook is more challenging

Remarks by ECB policymaker, Madis Müller

EUR

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ECB's Villeroy: Inflation risk from trade tensions seems weak

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ECB's Villeroy: Inflation risk from trade tensions seems weak

European Central Bank (ECB) policymaker Francois Villeroy de Galhau said on Friday that the inflation risk from trade tensions seems weak and could even be downward, per Reuters.

ECB

CentralBanks

Macroeconomics

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AUD/JPY trades below 91.00 as Japan’s core inflation rises in March

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AUD/JPY trades below 91.00 as Japan’s core inflation rises in March

AUD/JPY retraces its recent gains from the previous session, trading around 90.80 during the European hours on Friday. The currency cross remains under pressure as the Australian Dollar (AUD) weakens in light trading, with local markets closed for the Good Friday holiday.

Crosses

AUDJPY

Majors

Japan

Macroeconomics

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Forex Today: Markets stabilize as trading volume thins out on Easter Friday

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Forex Today: Markets stabilize as trading volume thins out on Easter Friday

Here is what you need to know on Friday, April 18:

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EconomicIndicator

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Macroeconomics

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US Dollar Index hovers near 99.50 as trading activity remains muted due to Good Friday

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US Dollar Index hovers near 99.50 as trading activity remains muted due to Good Friday

The US Dollar Index (DXY), which measures the US Dollar (USD) against a basket of six major currencies, is remaining below 99.50 during the early European hours on Friday. The Greenback remains subdued amid growing concerns over the economic impact of tariffs on the United States (US).

DollarIndex

Macroeconomics

Majors

Fed

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ECB's Villeroy: Inflation risk from trade tensions seems weak and could even be downward

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ECB's Villeroy: Inflation risk from trade tensions seems weak and could even be downward

Remarks by ECB policymaker, Francois Villeroy de Galhau

EUR

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EUR/JPY holds steady above 161.50 amid thin trading volume on Good Friday

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EUR/JPY holds steady above 161.50 amid thin trading volume on Good Friday

The EUR/JPY cross trades flat near 161.85 during the early European session on Friday. US President Donald Trump's trade war remains a source of deep uncertainty. However, Trump on Thursday offered some encouraging signals that negotiations with other countries could lead to lower tariffs.

EURJPY

Crosses

Macroeconomics

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US Rubio: We need to determine whether it's possible to end the war in Ukraine

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US Rubio: We need to determine whether it's possible to end the war in Ukraine

The US Secretary of State Rubio delivering remarks on the Russia-Ukraine peace deal in Paris

Politics

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USD/JPY Price Analysis: Holds losses below 142.50, support appears at seven-month lows

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USD/JPY Price Analysis: Holds losses below 142.50, support appears at seven-month lows

USD/JPY inches lower after registering gains in the previous session, trading around 142.40 during the Asian session on Friday. An analysis of the daily chart showed the pair moves downward within a descending channel, indicating a confirmed bearish bias.

USDJPY

Technical Analysis

Majors

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What are the main events for today?

Spoiler alert: there's nothing.

market overview

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USD/CHF remains below 0.8200 due to muted trading activity

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USD/CHF remains below 0.8200 due to muted trading activity

USD/CHF slipped slightly during Friday’s Asian trading hours, hovering around 0.8180, after posting gains in the previous session. The pair is under pressure as the US Dollar weakens amid mounting concerns over the economic fallout from US tariffs.

Majors

USDCHF

Switzerland

Macroeconomics

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EUR/USD Price Forecast: Gathers strength above 1.1350, bullish bias remains

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EUR/USD Price Forecast: Gathers strength above 1.1350, bullish bias remains

The EUR/USD pair strengthens to around 1.1370 during the early European trading hours on Friday. Hopes for a trade deal between the United States (US) and the European Union (EU) provide some support to the Euro (EUR). Trading volume is likely to be lightened on Good Friday.

EURUSD

Majors

Technical Analysis

Bullish

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Always remember that there's two sides to the coin

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Always remember that there's two sides to the coin

What to make of from the early commentary about a US-Japan trade deal?

Politics

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WTI drifts higher to near $63.50 on trade deal hopes, fresh Iran sanctions

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WTI drifts higher to near $63.50 on trade deal hopes, fresh Iran sanctions

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $63.50 during the Asian session on Friday. The WTI price edges higher to a two-week high amid hopes for a trade deal between the United States and the European Union and fresh US sanctions on Iran.

Oil

WTI

Commodities

Macroeconomics

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USD/CAD moves above 1.3850, upside seems restrained due to improved Oil prices

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USD/CAD moves above 1.3850, upside seems restrained due to improved Oil prices

USD/CAD halts its two days of losses, trading around 1.3860 during the Asian hours. However, market activity is expected to remain subdued due to the Good Friday holiday.

Canada

USDCAD

Majors

Macroeconomics

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NZD/USD remains below 0.6000 near five-month highs due to trade policy focus

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NZD/USD remains below 0.6000 near five-month highs due to trade policy focus

NZD/USD is trading subdued around 0.5970 during Friday’s Asian session, holding near Thursday’s five-month high of 0.5979 after seven consecutive days of gains. The pair could see further upside as the US Dollar (USD) weakens amid rising concerns over the economic fallout from US tariffs.

RBNZ

Majors

NewZealand

NZDUSD

Macroeconomics

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Light US dollar selling so far in Asia-Pacific hours

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Light US dollar selling so far in Asia-Pacific hours

US dollar lower on the day

USD

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Gold price attracts some sellers on profit-taking

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Gold price attracts some sellers on profit-taking

The Gold price (XAU/USD) holds steady on Friday after retreating from an all-time high of $3,358 as investors book profits during a long Easter weekend.

XAUUSD

SEO

Gold

Commodities

Macroeconomics

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GBP/USD hovers near six-month highs, 1.3300, eyes on US-UK trade discussions

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GBP/USD hovers near six-month highs, 1.3300, eyes on US-UK trade discussions

GBP/USD continues its upward momentum from April 8, trading near 1.3280 during Friday's Asian session. The pair is buoyed by a weakening US Dollar (USD), as concerns grow over the economic impact of tariffs on the United States.

GBPUSD

Macroeconomics

Majors

TradeWar

UnitedKingdom

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Japan’s Kato: Japan does not manipulate the FX market to weaken the Yen

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Japan’s Kato: Japan does not manipulate the FX market to weaken the Yen

Japan’s Finance Minister Shunichi Kato said on Friday that the country does not manipulate the foreign exchange (FX) market to weaken the Japanese Yen.

UnitedStates

Japan

Macroeconomics

Exchanges

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Apple is losing the battle on both fronts

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Apple is losing the battle on both fronts

Apple lost a big chunk of market share in China

China

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Japan fin min Kato: Japan does not manipulate the FX market to weaken the yen

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Japan fin min Kato: Japan does not manipulate the FX market to weaken the yen

Comments from Kato

JPY

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Australian Dollar remains subdued despite Trump confirmation of US-China trade discussions

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Australian Dollar remains subdued despite Trump confirmation of US-China trade discussions

The Australian Dollar (AUD) remains subdued on Friday following a seven-day winning streak. However, the AUD/USD pair may regain its ground as the US Dollar (USD) weakens amid growing concerns over the economic impact of tariffs on the United States (US).

TradeWar

SEO

Majors

AUDUSD

Macroeconomics

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USD/JPY weakens below 142.50 as Japanese CPI came in at 3.6% YoY in March

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USD/JPY weakens below 142.50 as Japanese CPI came in at 3.6% YoY in March

The USD/JPY pair softens to near 142.25 in a thin trading volume session on Friday. The US Dollar (USD) edges lower against the Japanese Yen (JPY) amid concerns over the economic impact of tariffs.

CPI

Majors

Japan

USDJPY

Macroeconomics

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About those late-day bounces in Chinese stock markets

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About those late-day bounces in Chinese stock markets

Evidence of the National Team's involvement

China Stock Market

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Canada's Carney rules out matching US tariffs dollar-for-dollar

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Canada's Carney rules out matching US tariffs dollar-for-dollar

This is a shift from Justin Trudeau's strategy

CAD

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Japan’s National CPI climbs 3.6% YoY in March, Core CPI rises as expected

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Japan’s National CPI climbs 3.6% YoY in March, Core CPI rises as expected

Japan’s National Consumer Price Index (CPI) rose by 3.6% YoY in March, compared to the previous reading of 3.7%, according to the latest data released by the Japan Statistics Bureau on Friday.

CPI

Inflation

Japan

Macroeconomics

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Japan core nationwide March CPI 3.2% y/y vs 3.2% expected

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Japan core nationwide March CPI 3.2% y/y vs 3.2% expected

Japanese March CPI data

JPY

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EUR/USD gathers strength above 1.1350, ECB cuts interest rates by 25 bps

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EUR/USD gathers strength above 1.1350, ECB cuts interest rates by 25 bps

The EUR/USD pair attracts some buyers to near 1.1370 during the early Asian session on Friday. The concerns over the economic impact of tariffs continue to drag the US Dollar (USD) lower against the Euro (EUR). Traders will closely monitor the developments surrounding US trade talks.

EURUSD

Majors

Macroeconomics

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USTR announces actions intended to reverse Chinese dominance in shipbuilding

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USTR announces actions intended to reverse Chinese dominance in shipbuilding

USTR releases plan

CNY

USD

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Trump signals more tariffs and confirms talks with China

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Trump signals more tariffs and confirms talks with China

The US President, Donald Trump, held a press conference in the Oval Office in Washington. He discussed trade deals with China, tariffs, and the acquisition of US Steel by Nippon Steel.

China

UnitedStates

Politics

Macroeconomics

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