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USD/JPY trades near 145.00 after failing to hold gains above 146.20, pressured by a softer US Dollar and mixed US data.Japan’s March Overall Household Spending rose 2.10% y/y, beating expectations, while US stagflation risks linger as Fed officials warn of persistent inflation.Key technical levels include support at 144.82, 144.79, and 144.49, with resistance at 146.16, 146.31, and 148.30.USD/JPY pair has pulled back toward 145.00 after failing to extend gains above a near one-month high of 146.20 earlier in the day. The retreat reflects a broader softening in the US Dollar, which reversed sharply as investors reassessed the US-UK trade deal…

EUR/JPY trades around the 164.00 zone after a modest pullback in Friday’s session.Broader bias remains bullish, with supportive trend indicators offsetting mixed momentum signals.Key support levels sit just below, while resistance aligns near recent highs.The EUR/JPY pair eased slightly on Friday, trading near the 164.00 zone after the European session, reflecting a modest pullback from recent gains. Despite the minor dip, the broader outlook remains positive, supported by a cluster of rising moving averages that continue to provide a strong technical base. Short-term momentum is mixed, but the overall structure remains clearly bullish.Technically, the pair is flashing a bullish overall…

US President Donald Trump commented on Friday that he will maintain 10% universal tariffs on imports, even after trade agreements are reached with other countries. He added that there would be exemptions if their counterparts offered advantageous trading terms.Trump said to expect new trade deals in the coming weeks, but “we always have a baseline of 10%.” US-China Trade War FAQs Generally speaking, a trade war is an economic conflict between two or more countries due to extreme protectionism on one end. It implies the creation of trade barriers, such as tariffs, which result in counter-barriers, escalating import costs, and…

The US Dollar holds steady as global trade negotiations remain in focus.The PBoC continues Gold purchases, signaling long-term interest.Chinese Copper production expands, reducing reliance on imports.The Australian Dollar (AUD) remains under pressure as global trade uncertainties persist, particularly surrounding the US-China trade talks. While there has been a slight rebound in copper production from China, trade deals and economic policies continue to impact sentiment in the market, with limited positive moves for the Aussie.Daily digest market movers: Aussie steady ahead of trade talksThe US Dollar (USD) holds steady as the market reacts to trade deal uncertainties and key upcoming data.Copper…

White House Press Secretary Karoline Leavitt addressed media staff on Friday, walking back some of the tone and market interpretations of President Donald Trump’s early morning tweets.Key highlightsTrump confident in US Treasury Secretary Bessent with discussions (with China).The US needs to see concessions from China.Trump committed to the 10% baseline tariff.The 10% baseline tariff will remain for the UK.It is ridiculous that Trump would do anything for his own gain.The White House will let Congress work out SALT tax issue.On possible 80% tariff concession: That’s not what Trump said.Trump will not unilaterally bring down tariffs on China. 80% was a…

The Dow Jones shed around 150 points on Friday, falling back to 41,225.Investors are bracing for geopolitical tensions as the US and China head for initial trade talks.Even a social media post from President Trump pondering 80% tariffs could bolster market sentiment.The Dow Jones Industrial Average (DJIA) followed the broader market lower on Friday, falling below 41,250 as investors gear up for a tense weekend. The United States (US) and China are headed for opening trade talks in Switzerland this weekend, but policymakers from both administrations have cautioned that talks will be strictly preliminary. Chinese delegates have specifically warned that…

EUR/GBP trades near the 0.8500 zone after slipping modestly in Friday’s session.Short-term signals remain bearish despite mixed long-term support.Key support levels hold below, while resistance aligns just overhead.The EUR/GBP pair edged lower on Friday, trading near the 0.8500 zone after the European session as selling pressure remained consistent. The pair settled within the middle of its daily range, reflecting cautious sentiment despite the broader bearish tone. Short-term signals continue to weigh on the pair, while longer-term moving averages offer a more supportive backdrop.Technically, the pair is flashing a bearish overall signal. The Relative Strength Index (RSI) is neutral near 45,…

USD/CHF is trading near a critical support area as the US Dollar Index (DXY) reverses course ahead of US-China trade talks in Switzerland this weekend.Fed officials have highlighted stagflation risks, noting the potential for rising inflation and unemployment if tariffs remain elevated.Technically, the DXY faces immediate support at 100.2200 and resistance at 101.9000, while the USD/CHF could test its recent lows if the Dollar weakens further.The USD/CHF pair is navigating a critical juncture as it trades near a key support level, with broader market sentiment clouded by trade talk uncertainties. The US Dollar Index (DXY), which tracks the USD against…

US-UK trade deal supports the Sterling; Trump keeps 10% tariffs but opens broader market access.BoE cuts rates by 25 bps in three-way split vote and traders now see July as the earliest for another cut.DXY drops 0.37% to 100.26 as Fed officials strike cautious tone amid solid labor market and slowing growth outlook.The Pound Sterling (GBP) posted solid gains on Friday, edging up 0.41% after the announcement of a trade deal between the United States (US) and the United Kingdom (UK) on Thursday. However, a rate cut by the Bank of England (BoE) capped its gains, but the pair remains…

EUR/USD trades near the 1.1300 zone after gaining modestly in Friday’s session.Mixed short-term indicators contrast with a broadly bullish long-term structure.Key support holds just below, while resistance aligns near recent highs.The EUR/USD pair advanced modestly on Friday, trading near the 1.1300 zone after the European session. Price action remained contained within the day’s range, reflecting steady demand despite mixed short-term momentum signals. The broader technical picture, however, remains constructive, with long-term averages reinforcing the underlying bullish bias.Technically, the pair presents a mixed but generally positive outlook. The Relative Strength Index sits in neutral territory around 52, suggesting balanced momentum without…