2025-04-29 09:05

The USD/JPY price analysis indicates an improvement in risk appetite. The US president said he was ready to reduce tariffs on automobiles. India will be the first to sign a trade deal with the US. The USD/JPY price analysis indicates an improvement in risk appetite following Trump’s promise to lower automotive tariffs. At the same time, progress on trade negotiations with countries like India has reduced the risk of a global trade war. However, the dollar remains fragile amid uncertainty over the fate of trade talks between the US and China. If you are interested in automated forex trading, check our detailed guide- The US president said he was ready to reduce tariffs on automobiles on Tuesday, slightly easing economic concerns. Trump’s tariff campaign has become less aggressive in recent days as he acknowledges the risk to the economy. Last week, the president criticized the Fed, demanding lower interest rates to support the economy. However, Powell has remained cautious, not giving any clear signals on when the next rate cut will come. This has sobered Trump, leading to his softer stance. Moreover, negotiations with countries that might suffer reciprocal tariffs are ongoing. On Monday, Scott Bessent said India would be the first to sign a deal with the US. As a result, market participants are optimistic about the global economy. However, progress with China has stalled with neither country willing to be the first to cut tariffs. The US is waiting for China to start lowering its tariffs before they do the same. Still, the US has admitted that the current tariffs are unsustainable. Therefore, eventually, one side will have to start the process. USD/JPY key events today US JOLTS job openings USD/JPY technical price analysis: Bulls retest the 30-SMA resistance On the technical side, the USD/JPY price has broken above and retested a solid resistance trendline. However, it has returned below the 30-SMA, and the RSI is now under 50. Still, bulls are challenging the SMA resistance. If you are interested in guaranteed stop-loss forex brokers, check our detailed guide- USD/JPY has been on a decline since bears took the lead at the top of the chart. The price mostly stayed below the 30-SMA. Moreover, the highs of the downtrend respected a clear resistance trendline. However, things changed after the price reached the 140.01 support level. Here, bulls became stronger, pushing the price above the 30-SMA and the trendline. Furthermore, the price pulled back to retest the line. From here, bulls must break above the 144.02 resistance to make a higher high and confirm an uptrend. Otherwise, the downtrend will continue. https://www.forexcrunch.com/blog/2025/04/29/usd-jpy-price-analysis-auto-tariff-easing-boosts-sentiment/

2025-04-29 08:08

The AUD/USD forecast shows thin trading amid tariff uncertainty. Scott Bessent said that China was the one to initiate a de-escalation in tariffs. US employment figures might show the impact of Trump’s tariffs on the economy. The AUD/USD forecast shows thin trading amid uncertainty regarding trade negotiations between China and the US. Moreover, market participants are remaining on the sidelines ahead of key US economic data. If you are interested in automated forex trading, check our detailed guide- The AUD/USD drifted on Tuesday amid mixed signals from the US on trade talks with China. The greenback steadied last week as the US and China adopted softer stances on tariffs. However, messaging from the two countries has been conflicting, sending mixed signals about a trade deal. On Monday, US Treasury Secretary Scott Bessent said that China was the one to initiate a de-escalation in tariffs. It is clear that neither country is willing to be the first to lower duties. This could result in a prolonged pause that will continue to harm the global economy. However, there was progress with other countries that briefly supported the dollar. According to Bessent, all is going well, and India will be the first to sign a deal and avoid tariffs. Meanwhile, market participants are awaiting economic data from Australia and the US. Australia’s CPI report will shape the outlook for RBA rate cuts. On the other hand, US employment figures might show the impact of Trump’s tariffs on the economy. A downbeat report will pressure the Fed to cut rates and support the economy. AUD/USD key events today JOLTS Job Openings AUD/USD technical forecast: Bulls struggle to make new highs On the technical side, the AUD/USD price is ranging within a solid resistance zone comprising the 0.6400 and the 0.6450 key levels. At the same time, the price is chopping through the 30-SMA, showing bears and bulls are almost equally matched. If you are interested in guaranteed stop-loss forex brokers, check our detailed guide- Previously, the price rallied in a steep uptrend above the SMA. Meanwhile, the RSI maintained its position above 50, suggesting solid bullish momentum. However, this changed when bulls neared the 0.6400 key psychological level. Price action drew nearer to the SMA, puncturing the line several times. Meanwhile, the RSI made a bearish divergence, indicating fading momentum. If bears take charge, the price will break below the SMA to retest the 0.6200 key level and the 0.5 Fib retracement. On the other hand, the uptrend will continue if bulls break above the current resistance zone. https://www.forexcrunch.com/blog/2025/04/29/aud-usd-forecast-prices-drift-amid-us-china-uncertainty/

2025-04-28 10:01

The USD/CAD outlook reflects caution among traders ahead of Canada’s federal election. Sales in Canada decreased by 0.4% in February. The dollar held on to last week’s gains as traders awaited developments in the US-China trade war. The USD/CAD outlook reflects caution among traders ahead of Canada’s general election results. As a result, most have remained on the sidelines, keeping the pair in a tight range. Meanwhile, the dollar was steady as market participants hoped for a trade deal between China and the US. Canada’s general election is on Monday. The outcome will determine the country’s future, especially its trade relations with the US. Prime Minister Mark Carney’s ruling party remains in the lead. So far, his government has been willing to do all that it takes to ensure the stability of Canada’s economy. An unexpected win could briefly weaken the loonie. Meanwhile, data released last week showed that sales in Canada decreased by 0.4% in February. However, this was an improvement from the previous month when sales fell by 0.6%. Moreover, analysts predict a 0.7% rebound in March. On the other hand, the dollar held on to last week’s gains as traders awaited developments in the US-China trade war. The two countries adopted a softer stance on tariffs last week, boosting risk appetite. If tariffs come down, the likelihood of a trade deal will increase. At the same time, the outlook for both economies might brighten. USD/CAD key events today Canada Federal Election USD/CAD technical outlook: Bulls take the lead but remain hesitant On the technical side, the USD/CAD price has pushed above the 30-SMA, indicating bulls have taken the lead. At the same time, the RSI trades above 50, suggesting stronger bullish momentum. However, volatility remains low and trading is thin, showing indecision. If you are interested in guaranteed stop-loss forex brokers, check our detailed guide- Although bulls have taken charge, they are not willing to bet big and make significant swings above the SMA. The previous decline slowed and paused when the price reached a key support zone comprising the 1.618 Fib extension level and the 1.3800 support level. Here, bearish momentum faded, and the RSI made a bullish divergence. At the same time, the price began to stick close to the SMA until it broke above. If volatility increases, the price is likely to retest the 1.4050 resistance level. A break above this level would confirm a new uptrend. https://www.forexcrunch.com/blog/2025/04/28/usd-cad-outlook-caution-prevails-as-canada-awaits-election/

2025-04-28 09:08

The EUR/USD forecast shows a softer euro due to increasing ECB rate cut bets. The euro has gained over 4% in April due to a weak dollar. The US will release its monthly employment report. The EUR/USD forecast shows a softer euro near mid-1.13 amid an increasing likelihood of another ECB rate cut in June. Meanwhile, the dollar remained steady after its rebound last week, driven by hopes of a trade deal between China and the US. If you are interested in automated forex trading, check our detailed guide- The European Central Bank recently lowered borrowing costs, noting that Trump’s tariffs would negatively impact growth. As a result, market participants moved to price more rate cuts in the coming month. ECB governors at the IMF and World Bank Spring Meetings noted that growth in the Eurozone was declining. Moreover, policymakers have shown their willingness to cut rates by another 25-bps in June. Nevertheless, the euro has gained over 4% in April due to a weak dollar. Trump’s activities since taking office have eroded investor confidence in the US economy, hurting the greenback. However, last week, the US currency found some shine as tensions between China and the US eased. The US is ready to lower tariffs on China to start negotiations. Meanwhile, China is prepared to exempt some US goods from tariffs. This week, traders will be watching for developments in US trade policy and key economic data. The US will release its monthly employment report. EUR/USD key events today Market participants do not expect any key economic releases from the Eurozone or the US. Therefore, the pair might start the week quietly. EUR/USD technical forecast: Downtrend looms below the 1.1301 support On the technical side, the EUR/USD price trades in a tight range between the 30-SMA and the 1.1301 support level. However, since the price trades below the SMA, the bias is bearish. At the same time, the RSI is under 50, indicating stronger bearish momentum. If you are interested in guaranteed stop-loss forex brokers, check our detailed guide- The EUR/USD recently turned bearish after the price failed to break above the 1.1550 resistance level. Initially, bulls had maintained an upward trajectory, making higher highs and lows. At the same time, the price had started respecting support and resistance levels that formed a bullish channel. However, this changed when bears broke below the channel support and the 30-SMA. Still, the price must break below the 1.1301 support to make a new low and confirm a new downtrend. Such an outcome would clear the path to the 1.1002 key level. https://www.forexcrunch.com/blog/2025/04/28/eur-usd-forecast-euro-softens-amid-ecb-rate-cut-in-june/

2025-04-26 15:58

The USD/JPY weekly forecast indicates improving risk appetite. The US said it was ready to lower tariffs on China to 50% and start negotiations. Market participants will focus on the Bank of Japan policy meeting. The USD/JPY weekly forecast is bullish as improving risk appetite weighs on the safe-haven yen, pushing the pair higher. Ups and downs of USD/JPY The USD/JPY pair had a bullish week as the dollar rebounded and the yen lost its safe-haven appeal. The greenback recovered as calm returned to most US markets. Trump halted his earlier attacks on the Fed, restoring faith in the central bank’s independence. If you are interested in automated forex trading, check our detailed guide- At the same time, trade tensions between China and the US eased. The US said it was ready to lower tariffs on China to 50% and start negotiations. Meanwhile, China was prepared to exempt some US goods from tariffs. As a result, recession concerns eased, boosting the dollar. At the same time, risk appetite improved, hurting the safe-haven yen. Next week’s key events for USD/JPY Next week, the US will release crucial figures on economic growth, business activity, and employment. Moreover, market participants will focus on the Bank of Japan policy meeting. Traders will focus on the US monthly employment report for signs of deterioration in the US economy. Experts believe Trump’s tariffs have hurt the US economy. Meanwhile, Fed policymakers are waiting for evidence of this. Therefore, a downbeat report will increase Fed rate cut expectations, pushing USD/JPY lower. Meanwhile, economists expect the Bank of Japan to keep interest rates unchanged on Thursday. USD/JPY weekly technical forecast: Bulls approach the 30-SMA resistance On the technical side, the USD/JPY price has rebounded after reaching the 140.01 support level. However, it still trades below the 22-SMA, indicating that bears remain in the lead. At the same time, the RSI is under 50, suggesting solid bearish momentum. If you are interested in guaranteed stop-loss forex brokers, check our detailed guide- Bears have maintained the downward trajectory since they took charge near the 158.05 key level. The price has mostly traded below the 22-SMA and the RSI below 50. Moreover, USD/JPY has consistently made lower highs and lows. If this trend continues, the price will respect the SMA as resistance and bounce lower. Even if it punctures the SMA, it will not go beyond the bearish trendline. A break below the 140.01 support will strengthen the bearish bias and continue the downtrend. Meanwhile, the trend can only change if the price breaks above the SMA and the resistance trendline. https://www.forexcrunch.com/blog/2025/04/26/usd-jpy-weekly-forecast-surging-risk-appetite-drags-yen-lower/

2025-04-26 15:56

The AUD/USD weekly forecast points north as the Aussie gains on trade deal hopes. Economists expect Australia’s inflation to accelerate by 0.8%. Next week, traders will focus on the NFP report. The AUD/USD weekly forecast points north as the Aussie gains on hopes of a US-China trade negotiation. Ups and downs of AUD/USD The AUD/USD pair had a bullish week as the Australian dollar rose on hopes for a trade deal between the US and China. However, a rebound in the dollar kept a lid on gains. If you are interested in automated forex trading, check our detailed guide- During the week, both the US and China assumed softer stances on tariffs, raising hopes for a trade deal between the two countries. As a result, the outlook for China’s economy brightened, boosting the Australian dollar. At the same time, the dollar recovered from its steep losses. Next week’s key events for AUD/USD Next week, market participants will focus on key economic releases from Australia, which will provide insight into the state of inflation in the country. Meanwhile, the US will release GDP, business activity, and employment data. Economists expect inflation to accelerate by 0.8%, a jump from the previous reading of 0.2%. A bigger-than-expected reading will lower RBA rate cut expectations. Meanwhile, a downbeat report will support current expectations for more cuts. In the US, traders will focus on the NFP report. Fed policymakers are waiting to see signs of economic weakness before starting to lower borrowing costs. AUD/USD weekly technical forecast: Bulls test the range resistance zone On the technical side, the AUD/USD price has paused near the 0.6400 key resistance level. It trades above the 22-SMA and the RSI is above 50, suggesting solid bullish momentum. However, for a long time, the price has been trading in a range between the 0.6200 support and the 0.6400 resistance. If you are interested in guaranteed stop-loss forex brokers, check our detailed guide- At the same time, there is support from the 0.236 Fib retracement. Meanwhile, on the upper side, the 0.5 Fib retracement acts as a solid resistance. Bears recently made a breakout, but it ultimately proved false as the price returned to the range area. If bulls are strong, the price will break above the range resistance zone. Such a move would allow AUD/USD to retest the 0.6603 level. Moreover, it would likely start a new bullish trend. On the other hand, if the resistance holds firm, the price will remain in consolidation. https://www.forexcrunch.com/blog/2025/04/26/aud-usd-weekly-forecast-aussie-gains-on-trade-deal-hopes/