The gold price analysis points North, with safe-haven demand rising. Trump increased the tariff on imports from China to 145%. US inflation data revealed cooler-than-expected price pressures. The gold price analysis points North, with safe-haven demand rising amid the escalating trade war between China and the US. At the same time, downbeat US inflation figures increased Fed rate cut expectations, further boosting the yellow metal. –Are you interested to learn more about South African forex brokers? Check our detailed guide- On Friday, US President Trump made yet another tariff hike on imports from China to 145%. Meanwhile, China responded immediately by hiking tariffs on US imports to 125%. The ongoing conflict between the two largest economies in the world has caused immense turmoil in most markets. Risky assets like equities have suffered the most, with traders rushing to safe-haven assets. Meanwhile, gold has rallied to new highs, with its appeal rising amid economic uncertainty. Experts are predicting a likely US recession due to the raging trade war. At the same time, Trump’s on-and-off tariffs have weighed on investor confidence in the US. As a result, most are dumping US assets, putting pressure on the dollar. A weak dollar makes gold cheaper for foreign buyers, increasing demand. Furthermore, US inflation data revealed cooler-than-expected price pressures, boosting Fed rate cut expectations. The CPI increased by 2.4% annually, compared to forecasts of 2.5%. Lower borrowing costs increase the appeal of non-yielding gold. Gold key events today US core PPI m/m US PPI m/m Preliminary UoM consumer sentiment Preliminary UoM inflation expectations Gold technical price analysis: Bulls challenge the 1.272 Fib extension level On the technical side, gold has broken above a solid resistance to make a new high. The price trades well above the 30-SMA, and the RSI is overbought, suggesting a strong bullish bias. Bulls took charge when the previous decline failed to continue below the 2960.28 support level. -If you are interested in forex day trading then have a read of our guide to getting started- Bullish momentum surged enough to break past the 30-SMA. Moreover, it continued until the price reached a higher high. However, the rally has been steep, with no pullbacks for bulls to rest. Therefore, there is a high chance the price might soon retreat to allow the SMA to catch up. Moreover, bulls are approaching a strong resistance zone, comprising the 1.272 Fib extension level and the 3240.65 resistance level. At the same time, the RSI has made a bearish divergence, which could lead to a pullback. Nevertheless, the bullish bias is strong, and gold might continue making new highs. https://www.forexcrunch.com/blog/2025/04/11/gold-price-analysis-gold-shines-as-traders-seek-safety/

The GBP/USD outlook shows unexpected strength in the UK economy. Global trade tensions continued, putting downward pressure on the dollar. US inflation came in softer than expected at 2.4%. The GBP/USD outlook shows unexpected strength in the UK economy, which has propelled the pound higher. On the other hand, the escalating trade war between the US and China has dimmed the outlook for US growth. At the same time, downbeat inflation figures in the previous session increased Fed rate cut expectations. –Are you interested to learn more about South African forex brokers? Check our detailed guide- Data on Friday revealed that the British economy expanded by 0.5%, well above estimates of 0.1%. The surprise figures revealed a rebound in the economy that might ease pressure on the Bank of England to lower borrowing costs. However, experts believe the impact of Trump’s tariffs will spill into the UK, hurting growth. Therefore, policymakers might wait for more data before deciding on the next move. Meanwhile, trade tensions continued, putting downward pressure on the dollar. The war between the US and China escalated with higher tariffs. Trump has imposed a total of 145% tariffs on Chinese goods. At the same time, China has gradually increased counter-tariffs on US imports. Furthermore, Trump’s sudden pause on reciprocal tariffs left many uncertain about the future outlook. As a result, investors are dumping US assets. Elsewhere, data in the previous session showed inflation increasing by 2.4% compared to forecasts of 2.5%. The downbeat report increased pressure on the Fed to cut interest rates. GBP/USD key events today US core PPI m/m US PPI m/m US preliminary UoM consumer sentiment US preliminary UoM inflation expectations GBP/USD technical outlook: Bulls set sights on the 1.3200 resistance On the technical side, the GBP/USD price has risen and broken above major resistance zones. Price action shows a whiplash move where the price initially fell sharply before reversing most of the move. The price recently broke above a resistance zone comprising the 1.3000 key psychological level and the 0.618 Fib retracement level. -If you are interested in forex day trading then have a read of our guide to getting started- Currently, the price trades far above the 30-SMA, showing bulls have a strong lead. Meanwhile, the RSI trades in the overbought region, showing solid bullish momentum. Therefore, the rally might continue to the next hurdle at the 1.3200 level. However, before climbing, the price might pull back to retest the 30-SMA. A break above the 1.3200 resistance will strengthen the bullish bias as it will make a higher high. https://www.forexcrunch.com/blog/2025/04/11/gbp-usd-outlook-sterling-soars-amid-uk-upbeat-growth/

The GBP/USD outlook shows improving risk appetite after Trump paused reciprocal tariffs. Trump imposed a 125% tariff on China, worsening its trade relations with the US. Britain will strive for an economic partnership with the US. The GBP/USD outlook shows improving risk appetite after Trump paused reciprocal tariffs on most countries. As a result, traders have moved back to riskier currencies like the pound and dumped safer ones like the yen. However, the escalating trade war between China and the US is keeping a lid on gains. –Are you interested to learn more about South African forex brokers? Check our detailed guide- The pound initially collapsed on Wednesday after Trump’s reciprocal tariffs ignited a flight to safe-haven assets. A baseline tariff of 10% on most of the US’s trading partners started on Wednesday. As a result, experts were predicting higher chances of a global recession that caused panic among traders. Consequently, the pound collapsed as demand for safe-haven assets increased. However, the trend suddenly changed when Trump announced a 90-day pause on reciprocal tariffs. The pause revealed that the aggressive policy move was a negotiating tactic. Now, most countries are ready to negotiate better trading deals. However, dark clouds are still hanging over the global economy. The trade war between China and the US worsened after Trump imposed a 125% tariff on the country. China responded with an 84% tariff on US goods. Risk appetite will remain low as long as this conflict continues. Elsewhere, the UK Prime Minister has said Britain will strive for an economic partnership with the US. Nevertheless, tariffs have dimmed the outlook for the economy, increasing BoE rate cut bets. GBP/USD key events today US core CPI m/m US CPI m/m US CPI y/y US unemployment claims GBP/USD technical outlook: Bulls meet solid resistance zone near the 0.382 Fib On the technical side, the GBP/USD price has rebounded after meeting the 1.2700 key support level. Bulls are attempting to take control by pushing the price above the 30-SMA resistance. However, they face a strong resistance zone comprising the 1.2880 key level and the 0.382 Fib retracement level. -If you are interested in forex day trading then have a read of our guide to getting started- A strong close above this zone will indicate a bullish sentiment shift, clearing the path for GBP/USD to retest the 1.3200 resistance level. On the other hand, if bulls fail to close above the resistance zone, the price will bounce lower to retest the 1.2700. A break below this support will make a lower low, strengthening the bearish bias. https://www.forexcrunch.com/blog/2025/04/10/gbp-usd-outlook-sterling-recovers-as-trump-hits-tariff-brakes/

The USD/CAD forecast shows a brighter outlook for the global economy. Trump temporarily lowered reciprocal tariffs on most countries. Market participants are also looking forward to the US consumer inflation report. The USD/CAD forecast shows a brighter outlook for the global economy after Trump paused some reciprocal tariffs. At the same time, Canada and Japan have agreed to cooperate with the Trump administration to maintain calm in the financial markets. As a result, the loonie rebounded sharply. However, the trade war between the US and China rages on, keeping a lid on risk appetite. –Are you interested to learn more about South African forex brokers? Check our detailed guide- Trump turned around late on Wednesday to temporarily lower reciprocal tariffs on most countries, boosting the Canadian dollar. At the same time, the dollar rebounded against safe-haven currencies. The sudden shift showed that the tariffs were mostly a negotiating tactic. However, the trade war between the US and China continues, clouding the outlook for both economies. Moreover, Canada and Japan are among the countries that have decided to work with Trump to maintain peace and calm. This has eased concerns about Canada’s economy. At the same time, it has eased pressure on the Bank of Canada to lower borrowing costs in response to tariffs. Market participants are also looking forward to the US consumer inflation report. An upbeat report will lower Fed rate cut expectations. On the other hand, a downbeat report might convince policymakers to cut rates faster. However, they might wait to see the impact of Trump’s tariffs on the economy. USD/CAD key events today US core CPI m/m US CPI m/m US CPI y/y US unemployment claims USD/CAD technical forecast: Bears aim for a new low below 1.4050 On the technical side, the USD/CAD price has dropped to retest the 1.4050 support level. The price trades well below the 30-SMA with the RSI near the oversold region, suggesting a strong bearish bias. However, bears are facing a solid hurdle at the 1.4050 support. -If you are interested in forex day trading then have a read of our guide to getting started- Previously, when the price fell to this support, it reversed sharply to the 30-SMA. Although it broke above the resistance, bulls failed to sustain a move higher, allowing bears to resume the downtrend. However, if the 1.4050 support holds firm, bulls might return. Such an outcome could mean a consolidation between the 1.4050 support and the 1.4250 resistance. On the other hand, a break below 1.4050 will strengthen the bearish bias with a lower low. https://www.forexcrunch.com/blog/2025/04/10/usd-cad-forecast-cad-takes-breather-as-trade-tensions-ease/

The AUD/USD forecast indicates easing fears of a rapid slowdown in Australia’s economy. Trump threatened to increase tariffs on Chinese imports. Market participants are eagerly awaiting a speech from the RBA governor. The AUD/USD forecast indicates easing fears of a rapid slowdown in Australia’s economy. As a result, the Australian dollar steadied after collapsing to a five-year low. Meanwhile, the dollar remained frail after Trump threatened new tariffs on China. –Are you interested to learn more about South African forex brokers? Check our detailed guide- Australia’s Treasurer Jim Chalmers calmed markets when he said the country would manage the impact of Trump’s tariffs. Initially, the Australian dollar had plunged due to fears of a recession. Market participants started pricing a massive rate cut at the next RBA meeting. At the same time, Trump’s tariffs on China hurt the yuan, further dragging down the Aussie. However, Australian officials are confident that the economy will continue growing. Elsewhere, the dollar was fragile on Wednesday after Trump threatened to increase tariffs on Chinese imports. The threat came after China promised counter-tariffs starting Thursday. Additional tariffs on China will escalate the war between the two major economies. Moreover, it will increase the risk of a recession, especially in the US. Consequently, traders are dumping the dollar and buying safer currencies like the yen. At the same time, Treasury yields are falling with rising Fed rate cut expectations. Market participants are eagerly awaiting a speech from RBA governor Michelle Bullock. At the same time, the US will release crucial inflation data this week. AUD/USD key events today FOMC policy meeting minutes AUD/USD technical forecast: Bearish momentum fades near 0.6002 On the technical side, the AUD/USD price is trading in a tight bearish channel near the 0.6002 key level. The channel comes after a sharp decline that broke below the 0.6200 key support level. Moreover, the price still trades well below the 30-SMA, showing bears are in the lead. Meanwhile, the RSI is under 50, suggesting solid bearish momentum. -If you are interested in forex day trading then have a read of our guide to getting started- However, price action shows that bulls are getting stronger. As a result, the price is not making significant moves below previous lows. At the same time, the RSI has made a bullish divergence, indicating fading bearish momentum. This means that bulls might soon overpower bears. However, a bullish move might not go beyond the 30-SMA. If the SMA holds firm, the downtrend will continue with bears targeting the 0.5901 support level. https://www.forexcrunch.com/blog/2025/04/09/aud-usd-forecast-australia-slowdown-fears-recede/

The USD/JPY price analysis shows escalating trade tensions between China and the US. Trump has threatened to impose another 50% tariff on Chinese goods. The BoJ might pause to assess incoming data. The USD/JPY price analysis shows escalating trade tensions between China and the US that is sending traders to the safe-haven yen. Meanwhile, the dollar collapsed on Wednesday as analysts increased the likelihood of a US recession. –Are you interested to learn more about South African forex brokers? Check our detailed guide- The turmoil from last week returned to the markets on Wednesday due to a growing conflict between China and the US. Last week, Trump imposed a total of 54% tariffs on China, dimming the outlook for the economy. As a result, China promised counter-tariffs on US imports. In response, the US president has threatened to impose another 50% tariff on Chinese goods. Such an outcome will hurt both China and the US. A bigger trade war between the two largest economies will likely weaken the global economy. At the same time, experts are increasing the likelihood of a US recession. The developments on Wednesday increased market panic, sending investors to the safe-haven yen. Meanwhile, the greenback dropped. Elsewhere, Bank of Japan governor Kazuo Ueda said the central bank would continue raising interest rates. However, he noted that this would depend on whether the economy performs. However, given Trump’s tariffs, there is a chance policymakers will pause to assess incoming data. USD/JPY key events today FOMC policy meeting minutes USD/JPY technical price analysis: Bears gear up for a new low below 145.01 On the technical side, the USD/JPY price has dropped to retest the 145.01 support level. The price trades far below the 30-SMA, showing bears are in the lead. At the same time, the RSI trades near the oversold region, indicating solid bearish momentum. -If you are interested in forex day trading then have a read of our guide to getting started- The first time bears met the 145.01 support, they failed to break below. As a result, bulls returned to push the price higher. However, the bullish move was brief and it paused when the price met a solid resistance zone comprising the 30-SMA and the 148.02 level. The zone allowed bears to return and retest the 145.01 support. A break below this level will make a lower low, continuing the downtrend. On the other hand, if the level holds firm, the price will consolidate before breaking below or bouncing higher. https://www.forexcrunch.com/blog/2025/04/09/usd-jpy-price-analysis-us-china-trade-tensions-ignite-risk-off/

The USD/CAD price analysis shows increasing hopes of tariff negotiations. Canada was among the few countries that escaped reciprocal tariffs. The Eurozone and China are ready to impose counter-tariffs. The USD/CAD price analysis shows a rebound in the Canadian dollar amid hopes of tariff negotiations that might lift global economic concerns. Meanwhile, the dollar remained fragile due to a recent drop in Treasury yields due to recession worries. –Are you interested to learn more about South African forex brokers? Check our detailed guide- Canada was among the few countries that escaped reciprocal tariffs on Wednesday. As a result, the Canadian dollar performed better than most other currencies. Moreover, market participants were expecting Trump to implement a 25% tariff on all imports from Canada. Such an outcome would have significantly hurt the loonie. As a result, there was relief when it did not come. Nevertheless, Canada still has to struggle with tariffs on steel, aluminum, and automobiles. On the other hand, the dollar has fallen amid a drop in Treasury yields. The new tariffs announced last week have escalated trade tensions. The Eurozone and China are among the major economies that are ready to impose counter-tariffs. These tensions have sent traders scrambling for safer currencies like the yen. Meanwhile, US recession fears intensified, increasing Fed rate cut expectations and putting pressure on the dollar. However, there was some relief on Tuesday amid reports that most countries are willing to negotiate better trading deals. USD/CAD key events today Market participants do not expect any high-impact economic releases from Canada or the US. As a result, the price might remain in a tight range. USD/CAD technical price analysis: Bears pause at the 1.4150 support On the technical side, the USD/CAD price has paused after meeting the 1.4150 support level. However, the bias is bearish since the price trades below the 30-SMA with the RSI below 50. Bulls have challenged the 30-SMA but failed to break above. -If you are interested in forex day trading then have a read of our guide to getting started- The price recently met the 1.4050 support level before bouncing higher to retest the 30-SMA. Here, bulls punctured the resistance but failed to continue higher, making a wick. This allowed bears to return and push the price lower. However, the pause at the 1.4150 support has made a higher low. This is a sign that bulls might still attempt to take control. A break above the SMA will confirm a bullish sentiment shift. On the other hand, if the SMA holds firm, the price will break below 1.4150 to retest the 1.4050 support level. https://www.forexcrunch.com/blog/2025/04/08/usd-cad-price-analysis-loonie-gains-on-trade-talk-hopes/

The EUR/USD outlook shows stronger bearish sentiment. Trump announced a 20% reciprocal tariff on Eurozone imports. Market participants are almost fully pricing an ECB rate cut next week. The EUR/USD outlook shows stronger bearish sentiment as Eurozone recession worries increase amid Trump’s tariffs. Meanwhile, the dollar paused its recent decline but remained fragile amid fears of a rapid economic slowdown. –Are you interested to learn more about South African forex brokers? Check our detailed guide- The euro paused its rally and dropped on Tuesday as the focus shifted to the clouded outlook for the Eurozone economy. Initially, the currency rallied as the dollar collapsed after Trump’s new tariffs. However, sentiment slowly shifted when it became clear that the Eurozone might tip into a recession. So far, the US has imposed tariffs on steel aluminum, and automobiles that directly impact the Eurozone economy. Additionally, Trump announced a 20% reciprocal tariff starting this week that will further hurt demand for Eurozone exports. As a result, experts are forecasting weak economic growth. At the same time, there is massive pressure on the European Central Bank to lower borrowing costs and support the economy. Currently, market participants are almost fully pricing a rate cut next week. On the other hand, the greenback recovered from its recent lows, indicating a pause in the downtrend. However, fundamentals point to further weakness. The risk of a recession has shot up and the Fed might be forced to implement more rate cuts. EUR/USD key events today Market participants do not expect any key economic releases from the Eurozone or the US. Therefore, the price might consolidate. EUR/USD technical outlook: Bears challenge 30-SMA after bearish engulfing pattern On the technical side, the EUR/USD price has dropped to challenge the 30-SMA support. The price is on the verge of breaking below the SMA while the RSI has dropped to trade below 50, in bearish territory. However, it is still too early to declare a new bearish bias. -If you are interested in forex day trading then have a read of our guide to getting started- Initially, bulls had pushed the price to reach the 1.1101 resistance level. However, they failed to breach the hurdle. Moreover, the price formed a bearish engulfing candle, signaling a looming reversal. After that, EUR/USD dropped to the 30-SMA. A break below the SMA will confirm a bearish shift in sentiment. However, the price must go below the 1.0800 support to confirm a new bearish trend. If this happens, bears will likely start making lower highs and lows. Moreover, the pair might reach the 1.0500 key psychological level. https://www.forexcrunch.com/blog/2025/04/08/eur-usd-outlook-eu-recession-fears-mount-amid-trump-tariffs/

The AUD/USD outlook shows an increasing likelihood of a massive RBA rate cut. The trade war between China and the US escalated after Trump imposed new tariffs. Traders are pricing a 20% chance of a massive RBA rate cut in May. The AUD/USD outlook shows an increasing likelihood of a massive Reserve Bank of Australia rate cut. Notably, the Australian dollar held near a five-year low on Monday as risk appetite remained poor and the outlook for Australia’s economy dimmed. –Are you interested to learn more about South African forex brokers? Check our detailed guide- Expectations for an RBA rate cut increased on Monday amid worries of a global economic downturn. The risk-sensitive Australian dollar plunged last week after Trump imposed reciprocal tariffs on most of the US’s trading partners. The most affected was China, which is Australia’s major trading partner. The trade war between China and the US escalated after Trump imposed a total of over 60% tariffs on the Country. China has promised couter tariffs starting Thursday this week. These tariffs will significantly hurt China’s economy, pushing the Yuan lower. At the same time, the Aussies, a proxy for the Yuan will suffer. The outlook for Australia’s economy has dimmed with Trump’s latest move. As a result, market participants expect the Reserve Bank of Australia to step in and support growth. Traders are pricing a 20% chance that the central bank will implement a 50-bps rate cut in May. AUD/USD key events today Traders are not looking forward to any key releases from the US or Australia. Therefore, they will keep digesting Trump’s policy changes. AUD/USD technical outlook: Bears pause for breath at 0.6002 On the technical side, the AUD/USD price has halted its decline near the 0.6002 support level. Bears made a milestone move when they pushed the price below the 0.6200 key support level. Previously, AUD/USD was consolidating with no clear direction. The price kept chopping through the 30-SMA. -If you are interested in forex day trading then have a read of our guide to getting started- However, a surge in momentum allowed bears to push the price well below the SMA. At the same time, the RSI dipped into the oversold region. A strong catalyst allowed bears to give the market direction. However, after such a steep move, they are exhausted and have stopped to rest near the 0.6002 key level. Here, bulls might return for a brief pullback as the SMA catches up. However, as long as the price remains below the SMA, bears will likely break below 0.6002 to reach the 0.5901 support and lower. https://www.forexcrunch.com/blog/2025/04/07/aud-usd-outlook-markets-expect-massive-rba-rate-cut/

The USD/JPY forecast shows solid demand for safe-haven assets like the yen. Trump announced new tariffs affecting almost all its trading partners. Market participants are pricing a higher 55% chance of a Fed rate cut in May. The USD/JPY forecast shows solid demand for safe-haven assets like the yen amid growing global economic uncertainty. Meanwhile, the dollar slipped as market participants worried about the impact of Trump’s trade policies on the economy. At the same time, the greenback faced pressure from a rise in Fed rate cut expectations. –Are you interested to learn more about South African forex brokers? Check our detailed guide- The yen held steady at the start of the week as safe-haven demand remained high. Traders started flocking to Japan’s currency last week after Trump announced new tariffs affecting almost all its trading partners. As a result, worries about an escalation in trade wars dampened risk appetite. At the same time, market participants worried about the impact of these tariffs on the US economy. Most major companies depend on exports and imports. Therefore, an increase in prices will directly impact business. Moreover, the labor market might suffer as companies reduce their workers to adjust to the rising costs. Such an outcome would put pressure on the Federal Reserve to lower borrowing costs and spur growth. Currently, market participants are pricing a higher 55% chance of a rate cut in May. USD/JPY key events today Market participants do not expect any key economic releases from Japan or the US. Therefore, they will keep digesting recent US trade policy changes. USD/JPY technical forecast: Bears poised to make new lows below 145.01 On the technical side, the USD/JPY price has paused near the 145.01 support level after a steep decline. Still, the bearish bias remains strong since the price sits far below the 30-SMA with the RSI below 50. -If you are interested in forex day trading then have a read of our guide to getting started- Bears took over from bulls when the price paused at its peaks and the RSI made a bearish divergence. As a result, USD/JPY broke below the SMA. After pulling back to retest the SMA line, the price collapsed in a steep downtrend, breaking below the 146.75 support. The decline has paused at the 145.01 level, allowing the price to retest the recently broken 146.75 level. Given the solid bearish bias, the price might soon break below 145.01 to make a new low. However, if the support holds firm, it might consolidate before breaking below the support. https://www.forexcrunch.com/blog/2025/04/07/usd-jpy-forecast-yen-soars-as-global-risk-appetite-fades/