Streetbeat News

Forex Markets

FXC

The USD/CAD currency pair is experiencing volatility due to multiple factors including potential US tariffs, political uncertainty, and oil price movements. Traders are cautious ahead of Trump's potential tariff announcements and upcoming US economic data releases.

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April 01, 2025 | 9:30 am

FXE

UUP

The US dollar is maintaining its position ahead of key economic data releases, including ISM Manufacturing PMI and JOLTS job openings. European currencies are experiencing weakness, with EUR/USD and GBP/USD both sliding due to poor manufacturing data and domestic economic indicators.

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April 01, 2025 | 9:00 am

USDCHF

The USD/CHF currency pair softened to around 0.8840 in early European trading, driven by uncertainty surrounding potential US trade tariffs. President Trump's upcoming announcement of reciprocal tariffs and geopolitical tensions are contributing to market risk aversion, causing the US Dollar to decline against the Swiss Franc.

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April 01, 2025 | 7:15 am

UUP

The EUR/USD currency pair is trading higher around 1.0815, driven by weakening US Dollar and market uncertainty over upcoming trade tariffs. Investors are awaiting Eurozone inflation data and ECB President Christine Lagarde's speech, while US economic slowdown concerns and potential interest rate cuts continue to influence market sentiment.

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April 01, 2025 | 6:30 am

XAUUSD

According to FXStreet data, gold prices experienced an increase in the Philippines market on Tuesday. The brief report indicates a positive movement in gold pricing without providing specific details about the magnitude of the rise.

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April 01, 2025 | 5:15 am

FXA

FXY

The Reserve Bank of Australia (RBA) held interest rates steady at 4.1%, noting a decline in core inflation to 2.4% in Q4 2024. The central bank's cautious stance suggests a potential rate cut in May, which could weaken the Australian Dollar. Meanwhile, Japan shows economic recovery with increased industrial production and potential BoJ rate hikes.

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April 01, 2025 | 5:00 am

XAUUSD

Gold prices are experiencing a significant rise due to multiple global factors, including escalating trade tensions, potential Federal Reserve rate cuts, and ongoing geopolitical conflicts in Ukraine and Israel. The precious metal is attracting safe-haven flows as investors anticipate economic uncertainties.

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April 01, 2025 | 5:00 am

FXB

The GBP/USD currency pair is experiencing downward pressure due to mounting trade war tensions. President Trump is expected to announce additional tariffs on April 2nd, targeting multiple trading partners. This has led to increased market uncertainty and risk aversion, causing the pound to lose ground against the US dollar.

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April 01, 2025 | 5:00 am

FXB

The NZD/USD currency pair is trading around 0.5675-0.5680, influenced by mixed economic signals including improved Chinese manufacturing PMI, potential Fed rate cuts, and anticipation of Trump's reciprocal tariffs. Traders are awaiting key US economic data releases like JOLTS Jobs Openings and ISM Manufacturing PMI.

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April 01, 2025 | 5:00 am

FXA

The Australian Dollar to Japanese Yen (AUD/JPY) currency pair remained relatively flat around 93.70 after the Reserve Bank of Australia (RBA) decided to keep interest rates unchanged. The cross struggled to build on previous modest gains and traded in a narrow range during the Asian trading session.

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April 01, 2025 | 4:15 am