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Silver Price Forecast: XAG/USD collapses over 7%, drops below $30.00
Silver Price Forecast: XAG/USD collapses over 7%, drops below $30.00
Silver price plummeted on Friday as financial market turmoil continued for the third straight day, following US President Donald Trump's decision to impose reciprocal tariffs. Consequently, China retaliated, sparking fears of a global economic slowdown.
Silver
XAGUSD
Technical Analysis
Australian Dollar collapses below 0.6050 as markets brace for RBA rate cuts
Australian Dollar collapses below 0.6050 as markets brace for RBA rate cuts
The AUD/USD pair crumbled below key psychological support during Friday’s American session, sliding toward the 0.6050 region and marking its lowest level in five years.
AUDUSD
Majors
SEO
Currencies
TradeWar
Gold price slides as Powell warns on tariff-driven inflation
Gold price slides as Powell warns on tariff-driven inflation
 Gold (XAU) price extended its losses on Friday and plunged to a seven-day low of $3,015 before recovering some ground, following a speech by Federal Reserve (Fed) Chair Jerome Powell, which indicated that inflation could reaccelerate due to tariffs. XAU/USD trades at $3,029, down 2.70%.
Technical Analysis
XAUUSD
SEO
Gold
Fundamental Analysis
AUD/JPY Price Analysis: Heavy losses drag pair near 88.60 as bearish momentum accelerates
AUD/JPY Price Analysis: Heavy losses drag pair near 88.60 as bearish momentum accelerates
The AUD/JPY pair tumbled aggressively on Friday, retreating toward the 88.60 area after shedding over 4% during the day. The move represents one of the steepest intraday declines in recent sessions, dragging the pair away from the recent highs and into a mid-range zone between 87.41 and 92.64.
Crosses
Technical Analysis
Currencies
AUDJPY
Forexlive Americas FX news wrap 4 Apr; Better US jobs don't help markets. Stocks tumble
Forexlive Americas FX news wrap 4 Apr; Better US jobs don't help markets. Stocks tumble
Forex news for North American trading on Apr 4, 2025
Session wrap
Wrap Nth America
Major US indices are closing sharply to the downside with declines near by 5.5% – 6%
Major US indices are closing sharply to the downside with declines near by 5.5% – 6%
S&P index down nearly 6%. NASDAQ index down nearly 6% for the second consecutive day.
Stocks
Pepperstone Promotes Mariia Erokhina to General Manager of Information Security and Compliance
Pepperstone Promotes Mariia Erokhina to General Manager of Information Security and Compliance
The Australia-based forex and CFD brokerage firm Pepperstone promoted Mariia Erokhina to General Manager, Information Security and Compliance.
Dow Jones Industrial Average plummets as equities get pulverized by tariff tantrum
Dow Jones Industrial Average plummets as equities get pulverized by tariff tantrum
The Dow Jones Industrial Average (DJIA) had one of its worst trading days since the pandemic period, shedding over 2,000 points to fall over 5% on the day and putting the major equity index on pace for one of its worst-ever trading days in absolute points terms.
DowJones
TradeWar
Equities
SEO
SP500
Mexican Peso plunges as US-China trade war escalates, Powell pushes back on rate cuts
Mexican Peso plunges as US-China trade war escalates, Powell pushes back on rate cuts
The Mexican Peso (MXN) depreciates sharply against the US Dollar (USD) on Friday, erasing Thursday’s gains, which drove the exchange rate below the crucial 20.00 figure towards testing the 200-day Simple Moving Average (SMA) at 19.78.
USDMXN
US Dollar lifted by Nonfarm Payrolls surprise and Powell’s cautious stance
US Dollar lifted by Nonfarm Payrolls surprise and Powell’s cautious stance
The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, rises on Friday and is trading near the 103 area following a stronger-than-anticipated Nonfarm Payrolls report.
Currencies
SEO
DollarIndex
GBPUSD falls to new lows and tests the low for the week
GBPUSD falls to new lows and tests the low for the week
Swing lows going back to March 5 is also being approached
Gold price crashed over 2.8% as Powell turn hawkish on tariffs and inflation
Gold price crashed over 2.8% as Powell turn hawkish on tariffs and inflation
Gold prices extend their drop for the second consecutive day, hitting a seven-day low of $3,023 per troy ounce, down more than 2.80% as Federal Reserve Chair Jerome Powell turned hawkish in a conference in Virginia.
Gold
XAUUSD
RiskAversion
Fed
EUR/USD cycles 1.10 after Powell pushes back on rate cut bets
EUR/USD cycles 1.10 after Powell pushes back on rate cut bets
EUR/USD churned near 1.1000 on Friday, sticking mostly flat as exhausted markets were greeted by an overly-cautious Federal Reserve (Fed) Chair Powell, who warned that inflation and recession risks thanks to tariffs will make it less, not more, likely that the Fed will cut rates sooner.
EURUSD
Fed
InterestRate
Inflation
TradeWar
EUR/USD with losses on Powell's words, bulls take a breather
EUR/USD with losses on Powell's words, bulls take a breather
During Friday’s session following the European close, the EUR/USD pair slipped back toward the 1.1000 area, surrendering part of its early-week strength.
EURUSD
Majors
Currencies
Technical Analysis
Breaking: Fed Chairman Powell says Trump tariffs risk higher inflation, slower growth
Breaking: Fed Chairman Powell says Trump tariffs risk higher inflation, slower growth
Federal Reserve (Fed) Chairman Jerome Powell said on Friday that US President Donald Trump's tariffs are bigger than expected, and they risk higher inflation and slower growth, while delivering his prepared speech at the annual conference for the Society for Advancing Business Editing and Writing on
Breaking
Fed
CentralBanks
TradeWar
GBP/USD plunges below 1.2950 on risk aversion
GBP/USD plunges below 1.2950 on risk aversion
The Pound Sterling tumbles sharply against the US Dollar, falling more than 1% on Friday as risk appetite deteriorates after China imposed tariffs on US goods, which triggered a reaction from US President Donald Trump.
GBPUSD
Majors
Fundamental Analysis
Technical Analysis
Trump indicates he is in deal mode after call with Vietnam
Trump indicates he is in deal mode after call with Vietnam
Vietnam tariffs were one of the biggest surprises this week
Politics
AUDUSD meltdown: Sellers crush support in the biggest drop since 2012
AUDUSD meltdown: Sellers crush support in the biggest drop since 2012
Break below key MAs and tariff escalation fuel a -4.40% plunge; buyers sidelined as the pair targets pandemic-era lows near 0.5985
WTI tanks almost 8% as Trump tariffs stoke global economic risks
WTI tanks almost 8% as Trump tariffs stoke global economic risks
West Texas Intermediate (WTI), futures on NYMEX, continues to face a bloodbath as the announcement of reciprocal tariffs by United States (US) President Donald Trump has prompted global economic risks.
Oil
WTI
UnitedStates
China
Macroeconomics
Why is Bitcoin Going Down? China’s 34% Tariff Deepens Market Decline
Why is Bitcoin Going Down? China’s 34% Tariff Deepens Market Decline
Global markets took a sharp hit on Friday after China announced a sweeping 34% tariff on all U.S. goods, escalating tensions in the ongoing trade war.
Trump Tariffs
china
Malta Issues $1.2 Million Fine to OKX for Past AML Failures amid MiCA License
Malta Issues $1.2 Million Fine to OKX for Past AML Failures amid MiCA License
Cryptocurrency exchange OKX is under regulatory scrutiny in Europe after Maltese authorities issued a fine for violations of AML laws.
MiCA
OKX Bybit
malta
complaince
USD/CAD gains further to near 1.4240 after US/Canada employment data
USD/CAD gains further to near 1.4240 after US/Canada employment data
The USD/CAD pair extends its upside to near 1.4240 during North American trading hours on Friday. The Loonie pair strengthens as the Canadian Dollar (CAD) falls further after the release of the downbeat employment data for March.
USDCAD
BOC
Employment
TradeWar
UnitedStates
USDJPY caught between key support and resistance as directional bias narrows
USDJPY caught between key support and resistance as directional bias narrows
Sellers lean on 146.534 while buyers defend 144.40–144.52; a breakout from the range will set the next directional move
JPY
USD
OPEC+ increases oil production unexpectedly significantly in May – Commerzbank
OPEC+ increases oil production unexpectedly significantly in May – Commerzbank
The eight OPEC+ countries with voluntary production cuts surprisingly announced yesterday that they would increase production by 411 thousand barrels per day in May.
OPEC
Oil
Energy
Banks
GBP losses steady around 1.30 – Scotiabank
GBP losses steady around 1.30 – Scotiabank
Pound Sterling (GBP) is weak, down a meaningful 0.8% vs. the USD while still trading relatively well vs.
GBPUSD
Technical Analysis
Banks
EUR/USD consolidates around 1.10 – Scotiabank
EUR/USD consolidates around 1.10 – Scotiabank
Euro (EUR) is soft, down 0.4% vs. the US Dollar (USD) and trading back around the 1.10 level with a modest fade of Thursday’s impressive rally, Scotiabank's Chief FX Strategist Shaun Osborne notes.
EURUSD
Technical Analysis
Banks
Octa Recognised as the Most Innovative Broker 2025 by FXDailyInfo
Octa Recognised as the Most Innovative Broker 2025 by FXDailyInfo
Octa broker introduced new cutting-edge features to its trading platform, OctaTrader.
Broker Rebates