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OPEC+ reportedly not expected to change oil output policy today
OPEC+ reportedly not expected to change oil output policy today
The ministerial talks have begun, according to sources from Reuters
USD: Blowback to US growth prospects dominates – ING
USD: Blowback to US growth prospects dominates – ING
The trade-weighted DXY has broken to a new low for the year as investors continue to fear what these new reciprocal tariffs mean for US confidence and activity, ING's FX analyst Chris Turner notes.
Technical Analysis
Banks
DollarIndex
Gold price nosedives 1.50% while reciprocal tariffs ripple through markets
Gold price nosedives 1.50% while reciprocal tariffs ripple through markets
Gold price (XAU/USD) snaps under pressure from the selling orders on Thursday, selling off over 1.25% towards $3,095 at the time of writing. Traders are taking profit, pushing the Bullion price below important pivotal levels.
TradeWar
UnitedStates
SEO
Gold
Commodities
Silver price today: Silver falls, according to FXStreet data
Silver price today: Silver falls, according to FXStreet data
Silver prices (XAG/USD) fell on Thursday, according to FXStreet data.
Silver
Commodities
Metals
Crude oil feeling the pinch from global growth fears
Crude oil feeling the pinch from global growth fears
Crude oil sold off following the Trump's announcement as an expected slowdown in global growth is weighing on the market
Goldman Sachs estimates latest tariffs to weigh on China's GDP growth by a further 1%
Goldman Sachs estimates latest tariffs to weigh on China's GDP growth by a further 1%
That will take their estimate for the total drag on the Chinese economy to 1.7%
How have interest rates expectations changed after the tariffs announcement?
How have interest rates expectations changed after the tariffs announcement?
Traders increased easing bets for all the major central banks as the market expects a slowdown in global growth
market overview
Dollar slumps further across the board as tariff angst weighs
Dollar slumps further across the board as tariff angst weighs
The heavy selling against the greenback continues for now
EUR/USD: Bias for EUR is on the upside – UOB Group
EUR/USD: Bias for EUR is on the upside – UOB Group
Outlook is unclear; Euro (EUR) could continue to trade in a choppy manner vs US Dollar (USD), probably between 1.0810 and 1.0955.
Technical Analysis
EURUSD
Banks
EUR/USD: Bulls to gain further traction above 1.10 – OCBC
EUR/USD: Bulls to gain further traction above 1.10 – OCBC
Euro (EUR) jumped post-tariff announcement. Reciprocal tariff rate of 20% on EU was largely in line with street’s estimates. EUR was last seen at 1.0964 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
Technical Analysis
EURUSD
Banks
EUR: Rallying, but few reasons to be cheerful – ING
EUR: Rallying, but few reasons to be cheerful – ING
EUR/USD is net around 0.9% higher after the trade announcement. The main buying point for the euro is that it's a big, liquid alternative to the US Dollar – and that the dollar's troubles (weaker US consumption) are greater than the Euro's, ING's FX analyst Chris Turner notes.
Technical Analysis
EURUSD
Banks
UK March final services PMI 52.5 vs 53.2 prelim
UK March final services PMI 52.5 vs 53.2 prelim
Latest data released by S&P Global - 3 April 2025
Fed to deliver 75-100 bps of rate cuts this year, says UBS Global Wealth Management
Fed to deliver 75-100 bps of rate cuts this year, says UBS Global Wealth Management
The firm had previously scaled down their forecast to two 25 bps rate cuts later this year
India Gold price today: Gold corrects in the aftermath of Trump's tariffs reveal
India Gold price today: Gold corrects in the aftermath of Trump's tariffs reveal
Gold price in India retreats from record highs on Thursday, following a similar price acton in Comex Gold.
Gold
Commodities
TradeWar
India
Pound Sterling outperforms US Dollar as Trump tariffs fuel US recession risks
Pound Sterling outperforms US Dollar as Trump tariffs fuel US recession risks
The Pound Sterling (GBP) surges to near 1.3200 against the US Dollar (USD) during the North American trading hours on Thursday, the highest level seen in almost six months.
Recession
TradeWar
UnitedStates
SEO
GBPUSD
Forex Today: US Dollar under heavy pressure as trade war deepens
Forex Today: US Dollar under heavy pressure as trade war deepens
Here is what you need to know on Thursday, April 3:
TradeWar
Majors
EconomicIndicator
Commodities
Macroeconomics
Palladium price today: Rare metals mixed at the start of the European session
Palladium price today: Rare metals mixed at the start of the European session
Platinum Group Metals (PGMs) trade mixed at the beginning of Thursday, according to FXStreet data.
Platinum
Commodities
Palladium
Crude oil price today: WTI price bearish at European opening
Crude oil price today: WTI price bearish at European opening
West Texas Intermediate (WTI) Oil price falls on Thursday, early in the European session.
Oil
WTI
Commodities
ECB’s de Guindos: This uncertainty means we need to be extremely
ECB’s de Guindos: This uncertainty means we need to be extremely
European Central Bank (ECB) Vice President Luis de Guindos said on Thursday, “in terms of monetary policy, this uncertainty means we need to be extremely prudent when determining the appropriate stance.”
ECB
EURUSD
CentralBanks
InterestRate
ECB’s Stournaras: US tariffs not an obstacle to April rate cut
ECB’s Stournaras: US tariffs not an obstacle to April rate cut
European Central Bank (ECB) policymaker Yannis Stournaras said on Thursday, “US tariffs not an obstacle to April rate cut.”
ECB
EURUSD
CentralBanks
InterestRate
European stocks see red across the board as Trump tariffs weigh
European stocks see red across the board as Trump tariffs weigh
Equities are selling off as investors worry about Trump tariffs threatening the global economy
Silver Price Forecast: XAG/USD falls to near $33.00, further consolidation cannot be ruled out
Silver Price Forecast: XAG/USD falls to near $33.00, further consolidation cannot be ruled out
The Silver price (XAG/USD) falls to near $33.15 during the early European session on Thursday, pressured by some profit-taking.
Silver
XAGUSD
Technical Analysis
ECB’s Nagel: Will have to reassess the situation
ECB’s Nagel: Will have to reassess the situation
European Central Bank (ECB) policymaker and Bundesbank President Joachim Nagel said on Thursday that “the ECB will have to reassess the situation.”
ECB
EURUSD
TradeWar
CentralBanks
EUR/INR today: Indian Rupee cross rates edge higher at the start of the European session
EUR/INR today: Indian Rupee cross rates edge higher at the start of the European session
Indian Rupee (INR) crosses trade on the front foot at the beginning of Thursday, according to FXStreet data.
Switzerland March CPI +0.3% vs +0.5% y/y expected
Switzerland March CPI +0.3% vs +0.5% y/y expected
Latest data released by the Federal Statistics Office - 3 April 2025
What are the main events for today?
What are the main events for today?
The highlights include the Swiss CPI, the US Jobless Claims, the US ISM Services PMI and tariffs/retailiation news
market overview