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Oil: Tariff pause provides some relief - ING
Oil prices rallied along with risk assets yesterday after President Trump paused reciprocal tariffs on most trading partners, at least those that haven't retaliated yet. This puts tariffs back to the baseline 10%, ING's commodity analysts Warren Patterson and Ewa Manthey note.
Silver Price Forecast: XAG/USD retreats from weekly top, back below $31.00 ahead of US CPI
Silver (XAG/USD) struggles to capitalize on its modest intraday uptick and retreats slightly after touching a fresh weekly high, around the $31.30 region during the early European session on Thursday.
EUR/USD: Further decline is unlikely to reach 1.0850 - UOB Group
Sharp decline in Euro (EUR) vs US Dollar (USD) has room to test 1.0895 before stabilisation is likely; any further decline is unlikely to reach 1.0850.
EUR: EUR/USD remains the 'washing machine' - ING
The EUR/USD market is sometimes referred to as a 'washing machine' where global trade and portfolio flows meet and cancel each other out, ING's FX analyst Chris Turner notes.
China: Impact of escalating trade war on prices and growth - UOB Group
In March, China's CPI and PPI were weighed by weak consumer goods and food prices, lower international oil prices and price pressure in the export industries.
Crude oil price today: WTI price bearish at European opening
West Texas Intermediate (WTI) Oil price falls on Thursday, early in the European session.
NZD/USD rises to near 0.5700 despite dovish comments from Finance Minister Willis
The NZD/USD pair is trading around 0.5680 in early European hours on Thursday, marking its second consecutive day of gains.
Forex Today: US Dollar struggles to extend rebound after tariff pause, eyes on CPI
Here is what you need to know on Thursday, April 10:
China's Commerce and Foreign Ministry: Will take further measures to oppose US bullying
A joint statement is out from the Chinese Commerce Ministry and Foreign Ministry, noting that they "will take further measures to oppose US bullying."
China's Commerce Ministry says its position on trade is clear and consistent
China's Commerce Ministry said in a statement on Thursday that "the position on trade is clear and consistent."
US Dollar Index loses ground below 103.00, US CPI inflation data in focus
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, trades in negative territory for the third consecutive day near 102.70, down 0.28% on the day.
AUD/JPY hovers around 91.00, eyes on renewed Australia-EU trade negotiations
The AUD/JPY pair recovered its daily losses and is trading above the 91.00 mark during Thursday's Asian session. The Australian Dollar (AUD) is finding support amid optimism over renewed trade negotiations between Australia and the European Union (EU).
EC President von der Leyen: EU remains committed to constructive talks with US on tariffs
European Commission President Ursula von der Leyen said on Thursday, noting that "the European Union (EU) remains committed to constructive talks with US on tariffs."
USD/CHF softens below 0.8550 as traders brace for US CPI release
The USD/CHF pair loses ground to near 0.8530 during the early European session on Thursday. The US Dollar (USD) weakens against the Swiss Franc (CHF) amid the escalating trade tension between the US and China, the world's two largest economies.
ECB's Villeroy: Trump's tariff pause decision is less bad news
European Central Bank (ECB) policymaker and Bank of France head Francois Villeroy de Galhau said on Thursday that US President Donald "Trump's tariff pause decision is less bad news but still bad news elements out there in America."
India Gold price today: Gold extends recovery as US-China trade war deepens
Deepening US-China trade war continues to bolster the haven demand for Gold price in India on Thursday, even though the global stocks rebound on US President Donald Trump's "90-day pause" on reciprocal tariffs for all other countries.
EUR/JPY Price Forecast: Bullish outlook seems vulnerable around the 100-day EMA near 161.00
The EUR/JPY cross weakens to around 161.05 during the early European session on Thursday. The Japanese Yen (JPY) drifts higher against the Euro (EUR) as the stronger-than-expected Japanese Producer Price Index (PPI) keeps the door open for further rate hikes by the Bank of Japan (BoJ).
USD/CAD Price Forecast: Seems vulnerable; could test 200-day SMA near 1.4000 mark
The USD/CAD pair attracts some sellers following an Asian session uptick to levels just above the 1.4100 mark and drops to a fresh daily low in the last hour amid a modest US Dollar (USD) downtick. Spot prices currently trade around the 1.4075-1.4070 area and seem vulnerable to weaken further.
Gold price rallies further beyond $3,100, eyes all-time high amid US-China tariff war
Gold price (XAU/USD) builds on the previous day's strong move higher and gains some positive follow-through traction for the second consecutive day on Thursday.
EUR/USD holds positive ground above 1.0950 ahead of US CPI release
The EUR/USD pair attracts some buyers to around 1.0980 during the Asian session on Thursday. The Euro (EUR) edges higher against the Greenback as German conservative leader agreed on a coalition deal with the center-left Social Democrats on Wednesday.
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