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Gold Price Forecast: XAU/USD holds positive ground above $3,100, all eyes on US NFP data
Gold price (XAU/USD) recovers some lost ground to near $3,115 during the late American session on Thursday after facing some profit-taking in the previous session.
IMF's Georgieva: US tariffs represent significant risk to global outlook
The International Monetary Fund (IMF) Managing Director Kristalina Georgieva said on Thursday that sweeping tariffs announced on Wednesday by US President Donald Trump represent a significant risk to the global economy at a time when growth has been sluggish.
GBP/USD takes a hard rejection from fresh highs, but holds on the bullish side
GBP/USD briefly clipped the 1.3200 handle for the first time in six months on Thursday, climbing into fresh highs as the Greenback turns sour across the board.
NZD/USD Price Analysis: Kiwi extends advance near 0.5800 with bullish technical signals intact
The NZD/USD pair continued its positive run on Thursday, holding firm near the 0.5800 area and gaining momentum ahead of the Asian session.
AUD/JPY Price Analysis: Pair weakens further as bears maintain pressure below 92.50
AUD/JPY saw renewed bearish momentum on Thursday, falling toward the 92.40 region and erasing recent recovery attempts.
Canadian Dollar rockets higher on tariff-fueled Greenback selloff
The Canadian Dollar (CAD) soared 1.1% against the US Dollar (USD) on Thursday, sending USD/CAD to 17-week lows near the 1.4000 handle for the first time since last December.
USD/CHF plunges after Liberation day, hits multi-month lows
During Thursday's session, the USD/CHF pair suffered a sharp decline, tumbling toward the 0.8600 region and marking its weakest levels in nearly six months.
Fed's Cook expects inflation progress to stall after tariffs
Federal Reserve (Fed) Board of Governors member Lisa Cook joined the ever-growing number of central policy planners on Thursday to caution that tariffs are likely to push the Fed further away from rate cuts instead of closer as inflation risks climb.
Forex Today: Powell and the US NFP will be in the limelight
The Greenback tumbled to multi-month lows as market participants digested President Trump's newly announced reciprocal tariffs, all against a backdrop of sharp losses in global stock markets and escalating concerns over a global trade war.
US Dollar weakens further as tariffs and soft data sink sentiment
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against a basket of major currencies, is dropping significantly on Thursday, moving near the 102.00 zone during the North American session.
Dow Jones Industrial Average tests deeper water post-tariffs
The Dow Jones Industrial Average (DJIA) bottomed out near the 40,800 level after taking a steep plunge during overnight markets.
Pound Sterling Price News and Forecast:Pound Sterling outperforms US Dollar as Trump tariffs fuel US recession
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.
Fitch Ratings warns of lower growth, higher inflation, and less Fed rate cuts in 2025
The Fitch Ratings agency downgraded its expectations for US Gross Domestic Product (GDP) growth in 2025 on Thursday, specifically highlighting that the Trump administration's "Liberation Day" tariff announcement poses a direct risk to US economic health.
Fed's Jefferson warns Fed is not in a rush to change rates
Federal Reserve (Fed) Board of Governors Vice Chair Philip Jefferson had the dubious honor of being the first high-profile Fed speaker out of the gate after the Trump administration's tariff announcements this week.
Canadian PM Carney throws down the gauntlet on US tariffs
Newly-minted Canadian Prime Minister Mark Carney struck back against US President Donald Trump's sweeping tariff package on Thursday, detailing Canadian retaliation measures that will serve as a thermometer to see how well the US has been complying with its own USMCA (nee NAFTA) deal restrictions.
EUR/USD Price Analysis: Bulls extend control as EUR/USD breaks above 1.1100
EUR/USD saw a sharp rally on Thursday, climbing strongly and settling near the 1.1100 area after the European session.
ECB's Kazimir: US tariffs already factored into worse scenarios
European Central Bank (ECB) board member Peter Kazimir said on Thursday that the United States' tariffs, to a large extent, are already factored into their forecasts among the worse scenarios that they must brace for, per Reuters.
Silver Price Forecast: XAG/USD nosedives below $32 on "Buy the Rumour Sell the News"
Silver price is down almost 5% during North American trading hours on Thursday, tests territory below $32.00. The price of the white metal has become vulnerable after United States (US) President Donald Trump unveiled a detailed reciprocal tariff plan for his trading partners.
US ISM Services PMI drops to 50.8 in March
Economic activity in the US service sector eased momentum in March, with the ISM Services PMI receding to 50.8 from 53.5 in February, missing analysts' estimates of 53.0.
NZD/USD jumps to near 0.5850 as the US Dollar takes a hard hit after Liberation Day
The NZD/USD pair advances swiftly to near 0.5850 in Thursday's North American session.
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