ING strategists Ewa Manthey and Warren Patterson highlight that Gold is edging higher and on track for a third consecutive weekly gain, supported by diplomatic optimism on Iran, central‑bank demand and rising inflation expectations.

The Australian Dollar (AUD) trims gains on Friday as the US-Iran peace truce staggers. Cautious markets feature a mild return to the US Dollar’s (USD) safety following a risk-on week, and pulling the AUD/USD down from three-week highs near 0.7090 to session lows around 0.7060 so far.

Rabobank’s RaboResearch Global Economics & Markets team notes that Brent crude has firmed as markets weigh a fragile ceasefire between the United States and Iran and severe disruption in the Strait of Hormuz.

Silver price (XAG/USD) trades in a tight range around $75.00 during the European trading session on Friday.

UBS economist Paul Donovan discusses how US March consumer price inflation highlights US consumers’ war-related burden and affordability concerns.

United Overseas Bank’s (UOB) economists Quek Ser Leang and Lee Sue Ann note AUD/USD broke above the prior range, reaching near 0.7100. Despite labeling the recent surge as overdone, they still see room for a push toward 0.7135, with 0.7000 now the key strong support.

Commerzbank analysts Michael Pfister and Norman Liebke highlight that Brazil’s inflation edged higher in February, and they expect today’s March data to show another fairly sharp rise in prices.

Oil prices are ticking up for the second consecutive day on Friday. The US benchmark West Texas Intermediate (WTI) Oil has returned to levels near $93.00 per barrel, as restrictions in the Strait of Hormuz keep a de facto blockade in place, adding strain to an already frail ceasefire deal in Iran.

ING’s Francesco Pesole notes that the US Dollar Index remains just below 99.0, with further downside seen if a permanent Middle East peace deal is agreed and Strait of Hormuz flows resume.

Italy Industrial Output s.a. (MoM) below forecasts (0.5%) in February: Actual (0.1%)

Italy Industrial Output w.d.a (YoY) in line with forecasts (0.5%) in February

According to a report from the Guardian, Israel Defense Forces (IDF) chief of staff, Eyal Zamir, said that forces are continuing their combat operations in southern Lebanon and are “not in a ceasefire” with Hezbollah.

BNY’s Head of Markets Macro Strategy Bob Savage argues that Q1 US equities will be driven more by forward guidance than reported earnings, with consensus S&P 500 earnings growth around 13% and wide dispersion in forecasts.

The USD/CAD pair rebounds to near 1.3833 from the two-week low of 1.3805 on Friday after snapping a four-day losing streak.

AUD/JPY edges lower after four days of losses, trading around 112.50 during the European hours on Friday. The currency cross remains subdued as the Australian Dollar (AUD) holds losses following the release of Chinese Consumer Price Index (CPI) data for March.

The GBP/JPY cross trades with a positive bias for the fifth consecutive day and hits a fresh one-month high, around the 133.85 area, during the early European session on Friday.

Danske Research Team highlights that Brent crude is trading around USD 96 per barrel after sharp intraday swings tied to Middle East headlines.

The (EUR) has snapped a four-day rally against the US Dollar on Friday. The pair pulled back from monthly highs at 1.1720 on Thursday to 1.1685 at the time of writing, as investors' confidence in a peace deal between the US and Iran shakes.

United Overseas Bank’s (UOB) economists Quek Ser Leang and Lee Sue Ann highlight a still-positive short-term outlook for GBP/USD after recent gains above 1.3450. They see scope for the Pound (GBP) to advance toward 1.3520, but stress that a daily close above 1.3480 is required.

ING’s Francesco Pesole points to Canada’s March labour report as key for Bank of Canada (BoC) expectations, stressing that the unemployment rate matters more than volatile monthly payrolls.

Asian equities rise following a rally on Wall Street overnight as the United States (US)–Iran ceasefire triggered a sharp drop in oil prices, easing concerns over renewed inflation and further rate hikes by the central banks.

Austria Industrial Production (YoY) increased to 1.1% in February from previous 0.3%

Dogecoin (DOGE) trades above $0.090 at press time on Friday, facing downside pressure from its 50-day Exponential Moving Average (EMA) and resulting in a descending triangle pattern.

Philip Wee at DBS Group Research highlights that despite Brent crude trading in a USD 100–120 range in Q1 2026, the US Dollar Index (DXY) has stayed within its established 96–101 band.

The USD/JPY pair attracts some buyers to near 159.30 during the early European trading hours on Friday. A fragile ceasefire between the US and Iran provides some support to the US Dollar (USD) against the Japanese Yen (JPY). 

Here is what you need to know on Friday, April 10:

DBS Group Research economist Eugene Leow notes that Gold has been consolidating in a tight range despite sharp moves in energy markets, as traders await key US CPI data. The report highlights stronger institutional demand, with rising ETF holdings after late-March weakness.