News
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Gold price slides as Powell warns on tariff-driven inflation
Gold (XAU) price extended its losses on Friday and plunged to a seven-day low of $3,015 before recovering some ground, following a speech by Federal Reserve (Fed) Chair Jerome Powell, which indicated that inflation could reaccelerate due to tariffs. XAU/USD trades at $3,029, down 2.70%.
Fxstreet
Fri, Apr 4
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.Fxstreet
Fri, Apr 4
USD/JPY: Below 145.00, further decline is likely – UOB Group
US Dollar (USD) is likely to trade in a 145.20/147.50 range vs Japanese Yen (JPY). In the longer run, too early to expect weakness to stabilise, but USD must break and hold below 145.00 before further decline is likely, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Fri, Apr 4
NZD/USD must close above 0.5850 for further sustained rise – UOB Group
New Zealand Dollar (NZD) is likely to trade in a range between 0.5720 and 0.5850 vs US Dollar (USD). In the longer run, for further sustained rise, NZD must close above 0.5850, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Fri, Apr 4
AUD/USD: Above 0.6410, further advances can be expected – UOB Group
Instead of continuing to rise, AUD is more likely to trade in a 0.6260/0.6360 range. In the longer run, AUD must break and hold above the significant resistance at 0.6410 before further advances can be expected, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Fri, Apr 4
Sam Altman’s Worldcoin tumbles 20% as OpenAI’s $40B deal and Ghibli hype fail to lift WLD price
Over the past week, OpenAI, led by Sam Altman, announced major developments, including a $40 billion funding deal with Japanese conglomerate SoftBank and the viral launch of its Ghibli-themed image generation feature.Fxstreet
Thu, Apr 3
USD/JPY can continue to weaken – UOB Group
US Dollar (USD) could continue to weaken vs Japanese Yen (JPY); oversold conditions suggest any decline is unlikely to reach 146.50 today. In the longer run, increase in momentum indicates further USD weakness; the level to watch is 146.50, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Thu, Apr 3
EUR/USD adds to initial gains and breaches 1.09 – Danske Bank
EUR/USD seesawed on yesterday's tariff announcement, initially rallying above 1.09 on the relatively benign 10% flat tariff applied to all US trading partners, declining on the more aggressive reciprocal tariff measures, and then moving back above 1.09 again, Danske Bank's FX analyst Stefan Mellin rFxstreet
Thu, Apr 3
