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ForexLive European FX news wrap: Dollar steady, gold holds firmer amid risk averse mood
ForexLive European FX news wrap: Dollar steady, gold holds firmer amid risk averse mood
By Forex Live
ForexLive European FX news wrap: Dollar steady, gold holds firmer amid risk averse mood
Forex news from the European morning session on Mar 28, 2025
Session wrap
Wrap Europe
US Dollar dips on University of Michigan data sparking stagflation concerns
US Dollar dips on University of Michigan data sparking stagflation concerns
By Fxstreet
US Dollar dips on University of Michigan data sparking stagflation concerns
The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, is currently set to close off this Friday in a loss at 103.90 at the time of writing on Friday. Traders are not really looking at the Greenback but
DollarIndex
Macroeconomics
UnitedStates
SEO
TradeWar
Market does not expect US import tariffs on crude oil from Canada and Mexico – Commerzbank
Market does not expect US import tariffs on crude oil from Canada and Mexico – Commerzbank
By Fxstreet
Market does not expect US import tariffs on crude oil from Canada and Mexico – Commerzbank
The postponement of US import tariffs on certain goods from Canada and Mexico granted by US President Trump at the beginning of March will end next Wednesday, Commerzbank's commodity analyst Carsten Fritsch notes.
Oil
Energy
Banks
EUR/USD to consolidate around 1.08-1.09 with upside risks – Danske Bank
EUR/USD to consolidate around 1.08-1.09 with upside risks – Danske Bank
By Fxstreet
EUR/USD to consolidate around 1.08-1.09 with upside risks – Danske Bank
EUR/USD holds around 1.08 as Trump imposes auto tariffs and signals lenient reciprocal measures, Danske Bank's FX analyst Jesper Fjärstedt reports.
EURUSD
Technical Analysis
Banks
US natural gas storage rises – ING
US natural gas storage rises – ING
By Fxstreet
US natural gas storage rises – ING
US natural gas prices traded under pressure as the US witnessed its second straight week of inventory injection while weather forecasts remained mixed, ING's commodity experts Ewa Manthey and Warren Patterson note.
Gas
Oil
Energy
Banks
Commodities
USD/CNH: Likely to trade sideways between 7.2570 and 7.2820 – UOB Group
USD/CNH: Likely to trade sideways between 7.2570 and 7.2820 – UOB Group
By Fxstreet
USD/CNH: Likely to trade sideways between 7.2570 and 7.2820 – UOB Group
US Dollar (USD) is likely to trade sideways vs Chinese Yuan (CNH) between 7.2570 and 7.2820.
USDCNH
Technical Analysis
Banks
China: Buckle up for ‘Liberation Day’ – Standard Chartered
China: Buckle up for ‘Liberation Day’ – Standard Chartered
By Fxstreet
China: Buckle up for ‘Liberation Day’ – Standard Chartered
The US has limited room to further hike tariffs on China under the Reciprocal Tariff Act.
China
Growth
Banks
CFI Launches CFI Prime for Institutional Traders; Partners with Kuwait Basketball Association
CFI Launches CFI Prime for Institutional Traders; Partners with Kuwait Basketball Association
By Finance Magnates
CFI Launches CFI Prime for Institutional Traders; Partners with Kuwait Basketball Association
CFI has introduced CFI Prime for institutional and professional traders, which provides liquidity solutions, trading technology, and market access.
CFI Group
CFI Financial
CFI Financial Group
retail
retail brokers
retail forex
Copper has continues to retreat from its nine-month high – ING
Copper has continues to retreat from its nine-month high – ING
By Fxstreet
Copper has continues to retreat from its nine-month high – ING
Meanwhile, Copper has continued to retreat from its nine-month high as expectations for the ex-US tightness are retreating following reports earlier this week that US tariffs on Copper imports could be imposed within weeks, not months, ING's commodity experts Ewa Manthey and Warren Patterson note.
Copper
Metals
Commodities
Banks
USD/JPY: Has a small chance of testing 151.30 – UOB Group
USD/JPY: Has a small chance of testing 151.30 – UOB Group
By Fxstreet
USD/JPY: Has a small chance of testing 151.30 – UOB Group
US Dollar (USD) could test 151.30 vs Japanese Yen (JPY); it is uncertain if it can break clearly above this level.
USDJPY
Technical Analysis
Banks
USD/CHF Price Forecast: Trades inside Thursday’s range ahead of US PCE Inflation
USD/CHF Price Forecast: Trades inside Thursday’s range ahead of US PCE Inflation
By Fxstreet
USD/CHF Price Forecast: Trades inside Thursday’s range ahead of US PCE Inflation
The USD/CHF pair ticks higher to near 0.8830 but trades inside Thursday’s trading range in Friday’s North American session ahead of the United States (US) Personal Consumption Expenditure Price Index (PCE) data for February, which will be published at 12:30 GMT.
USDCHF
Fed
SNB
Inflation
DollarIndex
USDCAD's faith remains tied to the April 2nd tariffs plan
USDCAD's faith remains tied to the April 2nd tariffs plan
By Forex Live
USDCAD's faith remains tied to the April 2nd tariffs plan
The pair has been mostly ranging as traders await the unveiling of the US reciprocal tariffs plan on Wednesday
CAD
USD
Gold climbs to a new record high – ING
Gold climbs to a new record high – ING
By Fxstreet
Gold climbs to a new record high – ING
Gold surged to a fresh record high this morning, surpassing the previous record hit just yesterday, after US President Donald Trump announced 'permanent' 25% tariffs on auto imports, intensifying trade tensions, ING's commodity experts Ewa Manthey and Warren Patterson note.
Gold
XAUUSD
Technical Analysis
Banks
How to Trade with tradeCompass
How to Trade with tradeCompass
By Forex Live
How to Trade with tradeCompass
tradeCompass by ForexLive.com is a professional daily market map that helps traders identify key price levels, trade plans, and risk management strategies to navigate bullish and bearish scenarios with clarity, discipline and precision.
TradeCompass
JPY: Inflation surprises to the upside – Commerzbank
JPY: Inflation surprises to the upside – Commerzbank
By Fxstreet
JPY: Inflation surprises to the upside – Commerzbank
This morning saw the release of March inflation figures for the Tokyo area, which are traditionally a good leading indicator for inflation in Japan as a whole.
USDJPY
Technical Analysis
BOJ
Banks
Inflation
AUD: Suffering as the CNY proxy – ING
AUD: Suffering as the CNY proxy – ING
By Fxstreet
AUD: Suffering as the CNY proxy – ING
Despite some ongoing reassessment of the dollar, AUD/USD has lagged, ING's FX analyst Chris Turner notes.
AUDUSD
Technical Analysis
Banks
NZD/USD: Expected to continue to trade in a range – UOB Group
NZD/USD: Expected to continue to trade in a range – UOB Group
By Fxstreet
NZD/USD: Expected to continue to trade in a range – UOB Group
New Zealand Dollar (NZD) is expected to continue to trade in a range, likely between 0.5710 and 0.5755.
NZDUSD
Technical Analysis
Banks
GBP: Retail sales surprise on the upside – ING
GBP: Retail sales surprise on the upside – ING
By Fxstreet
GBP: Retail sales surprise on the upside – ING
UK retail sales surprise on the upside, ING's FX analyst Chris Turner notes.
EURGBP
Technical Analysis
GBPUSD
Banks
USD/CAD Price Forecast: Holds above 1.4300 ahead of US PCE Inflation, Canadian GDP data
USD/CAD Price Forecast: Holds above 1.4300 ahead of US PCE Inflation, Canadian GDP data
By Fxstreet
USD/CAD Price Forecast: Holds above 1.4300 ahead of US PCE Inflation, Canadian GDP data
The USD/CAD pair rises to near 1.4330 during European trading hours on Friday.
USDCAD
Fed
Inflation
GDP
TradeWar
Stagflationary risks continue to increase and that's not good news for markets
Stagflationary risks continue to increase and that's not good news for markets
By Forex Live
Stagflationary risks continue to increase and that's not good news for markets
Tariffs are causing inflation expectations to rise while growth expectations get revised lower
market overview
Gold set to close off this week at a fresh all-time high
Gold set to close off this week at a fresh all-time high
By Fxstreet
Gold set to close off this week at a fresh all-time high
Gold price (XAU/USD) is printing another record performance this Friday, hitting $3,086 as the new all-time high for now and trading around $3,077 at the time of writing. Bullion sees another wave of safe-haven inflow, this time from investors that are
Gold
Commodities
UnitedStates
SEO
TradeWar
Italy’s CFD Market Has Potential—So Why Are Foreign Brokers Still Staying Offshore?
Italy’s CFD Market Has Potential—So Why Are Foreign Brokers Still Staying Offshore?
By Finance Magnates
Italy’s CFD Market Has Potential—So Why Are Foreign Brokers Still Staying Offshore?
From Roman taxis wrapped in eToro branding to the slogan of the Italian broker Fineco—"Fineco. As easy as flying"—welcoming travelers at Fiumicino Airport, Italy’s financial landscape is buzzing.
italy
cfds
AUD/USD: Likely to continue to trade between 0.6275/0.6320 – UOB Group
AUD/USD: Likely to continue to trade between 0.6275/0.6320 – UOB Group
By Fxstreet
AUD/USD: Likely to continue to trade between 0.6275/0.6320 – UOB Group
Australian Dollar (AUD) is likely to continue to trade in a range vs US Dollar (USD), expected to be between 0.6275/0.6320.
AUDUSD
Technical Analysis
Banks
Eurozone March final consumer confidence -14.5 vs -14.5 prelim
Eurozone March final consumer confidence -14.5 vs -14.5 prelim
By Forex Live
Eurozone March final consumer confidence -14.5 vs -14.5 prelim
Latest data released by the European Commission - 28 March 2025
EUR/USD bounces back as EC plans concessions for US to avoid Trump tariffs
EUR/USD bounces back as EC plans concessions for US to avoid Trump tariffs
By Fxstreet
EUR/USD bounces back as EC plans concessions for US to avoid Trump tariffs
EUR/USD bounces back as the Euro's (EUR) recovers strongly after the European Commission (EC) signaled that it has prepared concessions for the US to escape some tariffs from President Donald Trump, which he will announce on Wednesday.
EURUSD
ECB
Fed
TradeWar
SEO
US crude oil inventories decline significantly – Commerzbank
US crude oil inventories decline significantly – Commerzbank
By Fxstreet
US crude oil inventories decline significantly – Commerzbank
US crude oil inventories declined by 3.3 million barrels last week, as reported by the US Department of Energy in the middle of the week, Commerzbank's commodity analyst Carsten Fritsch notes.
Oil
Energy
Banks
Commodities
GBP/USD: Likely to trade in a 1.2900/1.3000 range today – UOB Group
GBP/USD: Likely to trade in a 1.2900/1.3000 range today – UOB Group
By Fxstreet
GBP/USD: Likely to trade in a 1.2900/1.3000 range today – UOB Group
Pound Sterling (GBP) is likely to trade in a 1.2900/1.3000 range today vs US Dollar (USD).
GBPUSD
Technical Analysis
Banks
USD: Price action is going to be instructive – ING
USD: Price action is going to be instructive – ING
By Fxstreet
USD: Price action is going to be instructive – ING
The value of currencies in FX markets is typically driven by interest rate differentials, with FX effectively being seen as an extension of monetary policy.
DollarIndex
Technical Analysis
Banks
China exported significantly more Gold to Hong Kong in February – Commerzbank
China exported significantly more Gold to Hong Kong in February – Commerzbank
By Fxstreet
China exported significantly more Gold to Hong Kong in February – Commerzbank
Data published this week by the Hong Kong Statistics Authority on Gold trade with China confirmed the picture of very weak demand for Gold in China, Commerzbank's commodity analyst Carsten Fritsch notes Gold exports to China and Hong Kong come to a standstill in February "According to the data, 26.4 tons more Gold were delivered from China to Hong Kong in February than vice versa.
Gold
XAUUSD
Technical Analysis
Banks
Gold remains well supported by political uncertainty – Commerzbank
Gold remains well supported by political uncertainty – Commerzbank
By Fxstreet
Gold remains well supported by political uncertainty – Commerzbank
Gold has reacted positively to the latest US tariffs, Commerzbank's commodity analyst Barbara Lambrecht notes.
Gold
XAUUSD
Technical Analysis
Banks
EUR/USD: Next resistance at 1.0870 is unlikely to come under threat – UOB Group
EUR/USD: Next resistance at 1.0870 is unlikely to come under threat – UOB Group
By Fxstreet
EUR/USD: Next resistance at 1.0870 is unlikely to come under threat – UOB Group
Room for Euro (EUR) to rebound further vs US Dollar (USD) and test 1.0825; the next resistance at 1.0870 is unlikely to come under threat.
EURUSD
Technical Analysis
Banks
Silver price today: Silver broadly unchanged, according to FXStreet data
Silver price today: Silver broadly unchanged, according to FXStreet data
By Fxstreet
Silver price today: Silver broadly unchanged, according to FXStreet data
Silver prices (XAG/USD) broadly unchanged on Friday, according to FXStreet data.
Silver
Commodities
Metals
EUR: Tariff fatigue is evident – ING
EUR: Tariff fatigue is evident – ING
By Fxstreet
EUR: Tariff fatigue is evident – ING
EUR/USD held in surprisingly well yesterday – as did European automakers.
EURUSD
Technical Analysis
Banks
Silver Price Forecast: XAG/USD flirts with ascending channel hurdle, around mid-$34.00s
Silver Price Forecast: XAG/USD flirts with ascending channel hurdle, around mid-$34.00s
By Fxstreet
Silver Price Forecast: XAG/USD flirts with ascending channel hurdle, around mid-$34.00s
Silver (XAG/USD) climbs its highest level since late October 2024 during the first half of the European session on Friday and currently trades around mid-$34.00s, up nearly 0.30% for the day.
Silver
Commodities
Technical Analysis
XAGUSD
ECB’s de Guindos: Trade war would mostly impact economic growth
ECB’s de Guindos: Trade war would mostly impact economic growth
By Fxstreet
ECB’s de Guindos: Trade war would mostly impact economic growth
 European Central Bank (ECB) Vice President Luis de Guindos said on Friday, “trade war would mostly impact economic growth.”
ECB
EURUSD
CentralBanks
InterestRate
NZDUSD remains stuck in a range as the waiting game continues
NZDUSD remains stuck in a range as the waiting game continues
By Forex Live
NZDUSD remains stuck in a range as the waiting game continues
The NZDUSD pair hasn't been doing much recently as the traders await the US tariffs plan announcement next Wednesday
NZD
USD
Inflation expectations over the next 12 months unchanged in February - ECB survey
Inflation expectations over the next 12 months unchanged in February - ECB survey
By Forex Live
Inflation expectations over the next 12 months unchanged in February - ECB survey
The latest findings from the ECB's consumer expectations survey for February 2025
ECB
EUR
Germany March unemployment change 26k vs 10k expected
Germany March unemployment change 26k vs 10k expected
By Forex Live
Germany March unemployment change 26k vs 10k expected
Latest data released by the Federal Employment Agency - 28 March 2025
Markets increase bets on ECB rate cuts following the softer inflation figures
Markets increase bets on ECB rate cuts following the softer inflation figures
By Forex Live
Markets increase bets on ECB rate cuts following the softer inflation figures
Following the softer French and Spanish inflation data, the market bumped up easing expectations for the ECB this year
market overview
ECB's de Guindos: Caution is even more important during times of uncertainty
ECB's de Guindos: Caution is even more important during times of uncertainty
By Forex Live
ECB's de Guindos: Caution is even more important during times of uncertainty
Remarks by ECB vice president, Luis de Guindos
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