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Silver Price Forecast: XAG/USD wobbles below $33 as investors seek development in US-China trade
Silver price (XAG/USD) trades sideways around $32.50 during European trading hours on Tuesday. The white metal has turned sideways over the last three trading days as investors look for fresh development in trade relations between the United States (US) and China.
USD/JPY: Stay short into Kato-Bessent meeting - OCBC
USD/JPY continues to trade with a heavy bias as broad USD softness persists. Pair was last at 140.34 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
DXY: Short covering Soon? - OCBC
Dollar Index (DXY) continued to trade near recent lows and was last seen trading at 98.44, OCBC's FX analysts Frances Cheung and Christopher Wong note.
US Vice President Vance: India and America have finalized terms of reference for a trade deal
US Vice President James David Vance announced on Tuesday that India and America have finalized the terms of reference for a trade deal.
BoE on track for May cut after disinflation surprise - Danske Bank
Prior to Easter, EUR/GBP rose on the soft inflation data for March only partly reversed since then on a dovish ECB, Danske Bank's FX analysts report.
BoC holds at 2.75%, highlights tariff risks - Danske Bank
Before the Easter break, the BoC held the policy rate at 2.75% as expected by markets and the majority of analysts, Danske Bank's FX analysts report.
USD/JPY tests key support near 139.50 - Société Générale
USD/JPY continues to slide after breaking below a flag-like channel, hitting last year's low around 139.50/138.90.
EUR/USD breaks 1.15 on 'Sell America' momentum - Danske Bank
The US Dollar (USD) extended its decline as markets reacted to Trump's threats against Fed Chair Powell, worsening US asset market dynamics, and thin holiday liquidity. EUR/USD surged past 1.15, driven by ongoing risk aversion and safe-haven rotation away from the greenback.
EUR/USD holds onto gains as Trump assaults Fed's autonomy
EUR/USD trades firmly around 1.1500 during European trading hours on Tuesday. The major currency pair is taking a sigh of relief after a strong rally in the last few weeks.
BoE's Greene: Pricing partly reflects global factors
Bank of England (BoE) policymaker Megan Greene said on Tuesday that "pricing partly reflects global factors."
CAD: Downside risks still prevail - Commerzbank
USD/CAD has fallen significantly in recent weeks. However, this was due to pronounced USD weakness rather than CAD strength. If the US dollar recovers, we are likely to see higher levels again.
USD/CAD maintains losses near 1.3800, six-month lows due to higher Oil prices
USD/CAD continues to slide for the second consecutive day, trading near 1.3810 during Tuesday's European session. The Canadian Dollar (CAD) gains traction, buoyed by a rebound in crude Oil prices and broader macroeconomic factors.
TRY: Re-establishing credibility is always difficult - Commerzbank
Last Thursday, Turkey's central bank (CBT) surprised markets by raising its main policy rate from 42.5% to 46.0%. Simultaneously, it increased the overnight lending rate to 49%, and the overnight borrowing rate to 44.5%.
Gold price up over 10% in April, hits $3,500 on Fed spat turmoil
Gold price (XAU/USD) shows no signs of fatigue and extends its rally higher yet again, hitting another record high at $3,500 in early Asian trading on Tuesday.
JPY: Strong position - ING
The Japanese Yen (JPY) is the biggest winner in this latest round of USD selling, as it responds to both the equity slump and the risks of the Fed's independence.
GBP/JPY: Pound Sterling cross rates mixed at the start of the European session
Pound Sterling (GBP) crosses trade mixed at the start of Tuesday, according to FXStreet data. The Pound Sterling (GBP) to the Japanese Yen changes hands at 188.02, with the GBP/JPY pair declining from its previous close at 188.44.
JPY: Strength mainly vs. the USD - Commerzbank
The Japanese yen continued to strengthen against the US dollar over the holiday weekend, with the USD/JPY approaching 140 this morning.
USD: Confidence crisis extends - ING
US Dollar (USD) losses of the past few weeks have been a combination of mounting US growth concerns and a loss of confidence in the dollar as a safe haven. The round of USD weakness seen on Easter Monday belongs to both trends.
Dollar weakness due to threat to Fed independence - ING
The US president's attacks on Fed Chair Jay Powell are intensifying. And the dollar is weakening accordingly. The President of the United States is not well versed in conventional forms of politeness. We also know that he prefers a loose monetary policy.
WTI rises to near $63.50 due to covering short positions
West Texas Intermediate (WTI) Oil price retraces its recent losses from the previous session, trading around $63.30 per barrel during the European hours on Tuesday. The uptick in crude Oil prices came as investors took advantage of Monday's sharp sell-off to cover short positions.
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