Forex Today: Japanese CPI data will take centre stage on Good Friday

Source Fxstreet

The Greenback grabbed some much-needed oxygen on Maundy Thursday despite alternating risk appetite trends. In addition, investors shifted their attention to another round of the Trump-Powell effervescence after Trump urged the Fed to slash interest rates and said Chair Powell should be removed as soon as possible, repeating past threats to fire him. The comments came a day after Powell emphasised the Fed’s independence in a speech.

Here is what you need to know on Friday, April 18:

The US Dollar Index (DXY) posted decent gains on Thursday, although it maintained its business in the lower end of the recent range near three-year lows. The Fed’s Daly is due to speak amid the widespread inactivity in the global markets on Good Friday.

Unlike its risk-linked peers, EUR/USD traded with noticeable losses despite briefly surpassing the 1.1400 barrier earlier in the day. The European Commission (EC) will publish its preliminary Consumer Confidence gauge on April 22.

GBP/USD kept its march north well and sound for yet another day, although gains appeared capped by the vicinity of 1.3270. Public Sector Net Borrowing figures will be next on the UK calendar on April 22.

After bottoming out around 141.60, USD/JPY managed to regain balance and advance past the 142.00 hurdle, up modestly for the day. The Japanese Inflation Rate will be the only release on the docket.

AUD/USD ended the day with modest gains around the 0.6380-0.6390 band, clinching its seventh daily advance in a row. The flash S&P Global Manufacturing and Services PMIs are due on April 23.

Fresh sanctions on Iranian crude oil exports and renewed supply concerns motivated prices of WTI to climb just above the $64.00 mark per barrel, reaching new two-week highs.

Prices of Gold came under fresh selling pressure on Thursday, slipping back below the $3,300 mark per troy ounce on the back of a better tone in the risk-related assets. Silver prices followed suit and flirted with three-day troughs near the $32.00 mark per ounce.


Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
What Crypto Whales are Buying For May 2025Crypto whales are making bold moves heading into May 2025, and three tokens are standing out: Ethereum (ETH), Artificial Superintelligence Alliance (FET), and Onyxcoin (XCN).
Author  Beincrypto
Apr 21, Mon
Crypto whales are making bold moves heading into May 2025, and three tokens are standing out: Ethereum (ETH), Artificial Superintelligence Alliance (FET), and Onyxcoin (XCN).
placeholder
Analysts Highlight 4 Reasons Why ETH Price Could Rebound Strongly in MayEthereum (ETH) has declined for five consecutive months. However, it enters May with rising optimism.
Author  Beincrypto
May 07, Wed
Ethereum (ETH) has declined for five consecutive months. However, it enters May with rising optimism.
placeholder
Ethereum Price Ready to Surge—$2,000 Level Could Be Within ReachEthereum price started a fresh increase above the $1,800 zone. ETH is now rising and attempting a move above the $1,850 resistance. Ethereum started a fresh recovery wave above the $1,820 resistance.
Author  NewsBTC
May 08, Thu
Ethereum price started a fresh increase above the $1,800 zone. ETH is now rising and attempting a move above the $1,850 resistance. Ethereum started a fresh recovery wave above the $1,820 resistance.
placeholder
Sui Price Forecast: SUI bulls aim for 15% gains as open interest and bullish bets increase among tradersSui (SUI) price extends recent gains, soaring10% higher at the time of writing on Thursday and approaching its key resistance level at $3.65.
Author  FXStreet
May 08, Thu
Sui (SUI) price extends recent gains, soaring10% higher at the time of writing on Thursday and approaching its key resistance level at $3.65.
placeholder
Ethereum Price Explodes Past $2,200 with 25% Surge—Momentum Builds FastEthereum price started a fresh surge above the $2,000 zone. ETH is now up over 25% and consolidating gains near the $2,200 zone. Ethereum started a fresh surge above the $2,000 resistance.
Author  NewsBTC
May 09, Fri
Ethereum price started a fresh surge above the $2,000 zone. ETH is now up over 25% and consolidating gains near the $2,200 zone. Ethereum started a fresh surge above the $2,000 resistance.
Related Instrument
goTop
quote