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Monday, April 7, 2025

European Markets Wrap-Up | GBPUSD falls below a key support as we approach the US session open

GBPUSD falls below a key support as we approach the US session open

We had some hectic trading days following Trump's tariffs announcement with the US Dollar initially getting sold on aggressive Fed rate cuts bets but eventually the greenback regained ground as the ma... 

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Trump reiterates call for the Fed to cut rates, says there is no inflation

From his Truth Social page: "Oil prices are down, interest rates are down (the slow moving Fed should cut rates!), food prices are down, there is NO INFLATION, and the long time abused USA is bringing... 

10-year yields back up to 4% ahead of US trading

US Treasury 10-year yields (%) daily chart 10-year yields in the US touched a low in Asia of 3.88% but have now turned higher on the day as it pushes just above the 4% mark. It comes amid a turn in br... 

US futures nudge higher but be wary of this Dimon headline

The market is sensing some optimism again and there are definitely positives with the EU saying that they might look into postponing tariffs here . But this headline from Jamie Dimon is making the rou... 

Recent tariffs will likely increase inflation - Jamie Dimon

Tariffs to also cause many to consider greater probability of recession US economy had at least until recently, continued to be resilient Consumers are still spending but there is some recent weakenin... 

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Latest Forex Orders

FX option expiries for 7 April 10am New York cut

There is arguably just one to take note of on the day, as highlighted in bold . That being for USD/JPY at the 146.00 mark. The expiries are large but in a market situation such as this, it's all about... 

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