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USD/CHF stabilizes near 0.8600 after volatility, tariffs and recession fears support USD
The USD/CHF begins Tuesday's Asian session slightly lower, following a wild trading day on Monday, which saw swings within the 0.8450-0.8673 range, and ended virtually unchanged. At the time of writing, the major trades at 0.8588, down 0.02%.
NZD/USD Price Analysis: Kiwi dips toward 0.5550 as bearish momentum intensifies
The NZD/USD pair continued its slide on Monday ahead of the Asian session, with the Kiwi dipping toward the 0.5550 area.
AUD/JPY Price Analysis: Aussie dips toward 88.50 as bearish momentum persists
The AUD/JPY pair extended its soft tone on Monday ahead of the Asian session, easing toward the 88.50 area. Despite a mild daily decline, the pair remains entrenched in a broader downtrend, trading well beneath its key moving averages.
Silver Price Forecast: XAG/USD rebounds toward $30 as bulls defend key support
Silver price sellers failed to decisively clear support at $28.75 daily, and buyers stepped in near yearly lows of $28.33, pushing the grey metal's price back above $29.80 with traders eyeing the $30.00 mark. At the time of writing, XAG/USD trades at $29.89, up 0.89%.
Australian Dollar extends slump toward 0.6000 as tariff anxiety deepens in Monday trade
The AUD/USD pair remains under sustained pressure during Monday's American session, holding near the 0.6000 zone after a short-lived rebound in Asia.
Gold price sinks below $3,000 as USD surges, tariff turmoil stirs recession fears
Gold (XAU) price prolongs its agony and plummets by over 2% on Monday as investors seeking safety bid the US Dollar, with US trade policy fueling speculation of a global recession. XAU/USD trades at $2,971, its lowest level since mid-March, below $3,000.
Canadian Dollar continues to churn amid tariff woes
The Canadian Dollar (CAD) whipsawed to kick off the new trading week, briefly rising after the US Dollar (USD) took a fresh beating on rumors of a possible tariff extension from the Trump administration.
Forex Today: Trump's tariffs remain in centre stage ahead of US CPI
The Greenback added to Friday's recovery and climbed to three-day highs on the back of the intense safe-haven demand in response to unabated trade tensions following President Trump's tariffs.
US Dollar attempts recovery as tariff pause rumors swirl
The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, is trading near the 103 area on Monday after rebounding on Friday.
Pound Sterling Price News and Forecast: GBP/USD crashes over 100 pips below 1.28 as trade war escalates
The Pound Sterling (GBP) plunges over 100 pips or 0.90% against the Greenback at the beginning of the week, driven by recession fears and hopes cut short that the White House could reconsider their position in trade policies over the weekend.
BoC outlook survey highlights deteriorating trade expectations on tariff fears
The Bank of Canada's (BoC) Business Outlook Survey for the first quarter has shown that overlook economic activity expectations are contracting sharply as the United States (US) seeks to spark a global trade war across the board.
Mexican Peso tumbles to five-week low as tariff fears escalate, volatility soars
The Mexican Peso (MXN) plunges against the US Dollar (USD), extending its losses for the second consecutive day as risk appetite deteriorates, with traders moving into the safe-haven status of the Greenback.
Dow Jones Industrial Average roils on renewed tariff threats
The Dow Jones Industrial Average (DJIA) whipsawed sharply on Monday, kicking off the new trading week with a tumultuous opening volley.
EUR/USD Price Analysis: Euro eases slightly near 1.0900 but maintains bullish bias
The EUR/USD pair edged lower on Monday, slipping toward the 1.0900 zone after earlier testing the upper boundary of its daily range near 1.1050. Despite the intraday pullback, the pair holds onto a bullish structure supported by higher moving averages.
US President Trump vows additional 50% tariff on China as retaliation cycle escalates
United States (US) President Donald Trump continued his trend of issuing decrees via social media on Monday, lashing out over China';s tit-for-tat tariff retaliation last week.
GBP/USD crashes over 100 pips below 1.28 as trade war escalates
The Pound Sterling plunges over 100 pips or 0.90% against the Greenback at the beginning of the week, driven by recession fears and hopes cut short that the White House could reconsider their position in trade policies over the weekend.
Silver Price Forecast: XAG/USD recovers strongly above $30 as Fed dovish bets swell
Silver price (XAG/USD) is up almost 2.4% near $30.30 during North American trading hours on Monday.
WH Economic Adviser Hassett: Trump is considering a 90-day pause in tariffs for all except China
Kevin Hassett, Director of the US National Economic Council (NEC), told CNBC on Monday that US President Donald Trump is considering a 90-day pause in tariffs for all countries except China, as reported by Reuters.
USD/CAD trades higher around 1.4260 as Canadian Dollar underperforms
The USD/CAD pair rises to near 1.4260 during North American trading hours on Monday. The Loonie pair gains as the Canadian Dollar (CAD) faces selling pressure amid growing expectations that the Bank of Canada (BoC) could continue reducing interest rates this year.
EU Trade Commissioner Sefcovic: Offered zero-for-zero tariffs to US for cars and all industrial goods
European Union trade commissioner Maros Sefcovic said on Monday that a range of tariffs is hitting 380 billion Euros worth of EU exports of the US. "Some 70% of our total exports are facing tariffs," he added.
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