The renewed sales pressure led to the dollar to set aside two consecutive daily advances on Thursday, since investors remained apathetic regarding any real progress in commercial tensions between the US and China.
Here is what you need to know on Friday, April 25:
The US dollar index (DXY) quoted defensive and backed down the low zone of 99.00, amid the generalized decline in US yields on different temporal frames. The final impression of Michigan’s consumer’s feeling will close the US economic agenda.
The EUR/USD saw its purchase trend after the recent test of the neighborhood of 1,1300. The ECB will publish its consumer inflation expectations survey, while the BUCH member is also scheduled to speak.
The GBP/USD regained its composure, leaving two consecutive daily falls behind and recovering the area above the 1,3300 figure. Retail sales will occupy the center of attention, seconded by the measure of confidence of the GFK consumer.
The USD/JPY faced the resurgence of the downward pressure and relaxed from the recent peaks to the north of the barrier of 143.00. Tokyo’s inflation rate is the following on the Japanese agenda.
The Aud/USD managed to win impulse and leave behind part of the recent setback, approaching the key barrier at 0.6400. The next prominent publication in Australia will be the quarterly inflation rate and the monthly indicator of the RBA CPI on April 30.
WTI prices recovered part of Wednesday’s setback and revised the area beyond $ 63,00 per barrel due to renewed concerns about tariffs.
Gold prices invested their course and registered decent profits, re -testing the area of ​​3,370 $ per ounce Troy thanks to a mood of gangs and uncertainty about tariffs. Silver prices could not keep the strong rebound on Wednesday, facing a new pressure and approaching the level of 33.00 per ounce.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
