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ECB’s President Lagarde: We have to be data dependent
Christine Lagarde, President of the European Central Bank (ECB), spoke to Bloomberg TV on Tuesday. She claimed that they need to keep an eye on the medium term while checking data.
What Strait? US stocks soar as Oil market sells off on US-Iran negotiations
Talks of another round of negotiations between the US and Iran are pushing US stock indices higher on Tuesday. Oil (WTI) futures buckled under the pressure, shedding nearly 7% to trade below $93 as the NASDAQ Composite and S&P 500 added 1.5% and 1.0%, respectively.
USD/CAD pares losses as Oil slides below $90 on US-Iran talks optimism
USD/CAD trims some of its earlier losses on Tuesday as easing Oil prices on renewed US-Iran talks optimism weigh on the commodity-linked Canadian Dollar (CAD), helping the pair recover from intraday lows even as improving risk sentiment keeps the US Dollar (USD) under broad pressure.
Bessent says Fed should "wait and see" before cutting rates
US Treasury Secretary Scott Bessent crossed the wires on Tuesday, stating that he’s “quite confident” that core prices would continue to edge lower in the US despite the Iran war, and that he’s pressing the Federal Reserve (Fed) to cut rates.
Pound Sterling Price News and Forecast: GBP/USD nears 1.3590 as softer US PPI sinks Dollar demand
The Pound Sterling advances as traders remain optimistic about a possible resolution to the US-Iran conflict. At the same time, the US Dollar weakens amid a hot US inflation report that missed forecasts for a higher print. The GBP/USD trades near 1.3590, gaining 0.61%. Read More...
United States 52-Week Bill Auction up to 3.56% from previous 3.485%
United States 52-Week Bill Auction up to 3.56% from previous 3.485%
Silver Price Forecast: XAG/USD jumps near $79 as Dollar weakens on softer US inflation
Silver (XAG/USD) surges on Tuesday, trading around $78.80 at the time of writing, up 4.16% on the day as strong buying interest pushed Silver to a daily high of $79.32.
GBP/USD: Upside bias with limited resistance – Scotiabank
Scotiabank notes the Pound is up 0.3% versus the Dollar, trading at pre‑conflict highs as investors welcome strong demand for UK debt. Domestic data risk is light before trade and industrial production, while BoE speakers, including Gov. Bailey, pose event risk.
BoE’s Greene: Second-round effects
Megan Greene, external member of the Bank of England's (BoE) Monetary Policy Committee (MPC), Reuters reported on Tuesday that the United Kingdom’s (UK) economic activity was weak before the Iran war but that at the same time, the war impact is inflationary.
Gold ticks higher as US-Iran deal hopes weigh on USD, upside remains limited
Gold (XAU/USD) trades with a positive bias on Tuesday, supported by a softer US Dollar (USD) as investors react to renewed optimism surrounding potential US-Iran negotiations.
White House Adviser Hassett: Outlook for Fed having room to cut rates is going to be very solid
Kevin Hassett, Senior Adviser for the White House told Fox Business on Tuesday that they expect a rapid reduction in energy prices once the Strait of Hormuz is reopened.
Fed’s Goolsbee: We will get inflation to 2%
Austan Goolsbee, President of the Federal Reserve (Fed) Bank of Chicago, told AP at the Semafor World Economy conference on Tuesday that the longer the Middle East concerns go, the cut could be pushed out of 2026.
EUR/USD rises to 1.1800 as USD hits six-week lows on US-Iran deal hopes, soft PPI
The Euro (EUR) edges higher against the US Dollar (USD) on Tuesday, with EUR/USD extending gains for a seventh consecutive day and returning to levels last seen when the US-Iran conflict began. At the time of writing, the pair is trading around 1.1800, up roughly 0.37% on the day.
China: Trade surplus slide raises growth risks – ING
ING’s Chief Economist for Greater China, Lynn Song, notes that China’s March trade surplus dropped to a 13‑month low as exports slowed and imports surged, especially in tech-related categories.
Visa (V) establishes $300 base, eyes $400 next
Last year, we explained Visa (NYSE: V) bullish sequence and outlined the reasons for more upside. Now that this cycle has ended, we analyze the recent weekly correction. This pullback presents a fresh investment opportunity. Therefore, we update our bullish view for the stock.
USD/CAD: Bearish setup as valuation gap narrows – Scotiabank
Scotiabank strategists Shaun Osborne and Eric Theoret note the Canadian Dollar (CAD) is making modest gains versus a softer US Dollar (USD), though it lags core majors and weakens on crosses. They estimate USD/CAD equilibrium at 1.3527, with undervaluation correcting mainly via Dollar softness.
EUR/JPY Price Forecast: Remains close to near 187.50, fresh record highs
EUR/JPY halts its three-day winning streak, inching lower after reaching all-time highs and trading around 187.40 during the European hours on Tuesday.
USD/JPY: Yen pressured as BoJ delay seen – MUFG
MUFG’s Senior Currency Analyst Lee Hardman highlights continued Japanese Yen underperformance, with USD/JPY trading just below 160.00 even as the US Dollar (USD) weakens elsewhere.
Silver Price Forecasts: XAG/USD approaches $78.00 boosted by Iran peace hopes
Silver (XAG/USD) is rushing higher on Tuesday, reaching fresh two-week highs right below $78.00 at the time of writing, after bouncing from lows around $72.60 on Monday.
EUR/USD: Hawkish ECB talk and geopolitics – ING
ING’s Francesco Pesole highlights that ECB President Christine Lagarde and other Governing Council members are expected to maintain a broadly hawkish tone given Gulf volatility. Markets price modest tightening at the 30 April meeting and two further hikes this year.
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