Forex News Timeline
00:59 NZD/USD Price Analysis: Kiwi plunges below 0.5600 as sellers extend their grip
The NZD/USD pair collapsed on Friday, diving toward the 0.5600 area as bearish momentum dominated the session. The pair traded deep in the red, shedding over 3% on the day and remaining mid-range between recent extremes at 0.5551 and 0.5798.
NZD/USD fell sharply toward the 0.5600 zone on Friday, tracking heavy daily losses ahead of the Asian session.Momentum indicators align bearishly, with MACD and Bull Bear Power showing clear selling pressure.Major moving averages and resistance near 0.5700 cap upside attempts for now.The NZD/USD pair collapsed on Friday, diving toward the 0.5600 area as bearish momentum dominated the session. The pair traded deep in the red, shedding over 3% on the day and remaining mid-range between recent extremes at 0.5551 and 0.5798. Sellers stayed firmly in control through the day, with technical indicators confirming the downturn. The action unfolds during Friday’s session ahead of the Asian opening.Daily chartTechnicals suggest a clear downside bias. The Moving Average Convergence Divergence (MACD) and Bull Bear Power indicator both print sell signals, amplifying bearish sentiment. While the Relative Strength Index (RSI) at 37.21 flirts with oversold territory. Moving averages reinforce the bearish tone across the board. The 10-day Exponential Moving Average (EMA) at 0.57105 and 10-day Simple Moving Average (SMA) at 0.57148 are both aligned lower. Longer-term indicators, including the 20-day SMA at 0.57342, the 100-day at 0.57177, and the 200-day at 0.59039, confirm an extended period of selling pressure.
00:10 Silver Price Forecast: XAG/USD collapses over 7%, drops below $30.00
Silver price plummeted on Friday as financial market turmoil continued for the third straight day, following US President Donald Trump's decision to impose reciprocal tariffs. Consequently, China retaliated, sparking fears of a global economic slowdown.
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Silver FAQs Why do people invest in Silver? Silver is a precious metal highly traded among investors. It has been historically used as a store of value and a medium of exchange. Although less popular than Gold, traders may turn to Silver to diversify their investment portfolio, for its intrinsic value or as a potential hedge during high-inflation periods. Investors can buy physical Silver, in coins or in bars, or trade it through vehicles such as Exchange Traded Funds, which track its price on international markets. Which factors influence Silver prices? Silver prices can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can make Silver price escalate due to its safe-haven status, although to a lesser extent than Gold's. As a yieldless asset, Silver tends to rise with lower interest rates. Its moves also depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAG/USD). A strong Dollar tends to keep the price of Silver at bay, whereas a weaker Dollar is likely to propel prices up. Other factors such as investment demand, mining supply – Silver is much more abundant than Gold – and recycling rates can also affect prices. How does industrial demand affect Silver prices? Silver is widely used in industry, particularly in sectors such as electronics or solar energy, as it has one of the highest electric conductivity of all metals – more than Copper and Gold. A surge in demand can increase prices, while a decline tends to lower them. Dynamics in the US, Chinese and Indian economies can also contribute to price swings: for the US and particularly China, their big industrial sectors use Silver in various processes; in India, consumers’ demand for the precious metal for jewellery also plays a key role in setting prices. How do Silver prices react to Gold’s moves? Silver prices tend to follow Gold's moves. When Gold prices rise, Silver typically follows suit, as their status as safe-haven assets is similar. The Gold/Silver ratio, which shows the number of ounces of Silver needed to equal the value of one ounce of Gold, may help to determine the relative valuation between both metals. Some investors may consider a high ratio as an indicator that Silver is undervalued, or Gold is overvalued. On the contrary, a low ratio might suggest that Gold is undervalued relative to Silver.
Silver FAQs Why do people invest in Silver? Silver is a precious metal highly traded among investors. It has been historically used as a store of value and a medium of exchange. Although less popular than Gold, traders may turn to Silver to diversify their investment portfolio, for its intrinsic value or as a potential hedge during high-inflation periods. Investors can buy physical Silver, in coins or in bars, or trade it through vehicles such as Exchange Traded Funds, which track its price on international markets. Which factors influence Silver prices? Silver prices can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can make Silver price escalate due to its safe-haven status, although to a lesser extent than Gold's. As a yieldless asset, Silver tends to rise with lower interest rates. Its moves also depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAG/USD). A strong Dollar tends to keep the price of Silver at bay, whereas a weaker Dollar is likely to propel prices up. Other factors such as investment demand, mining supply – Silver is much more abundant than Gold – and recycling rates can also affect prices. How does industrial demand affect Silver prices? Silver is widely used in industry, particularly in sectors such as electronics or solar energy, as it has one of the highest electric conductivity of all metals – more than Copper and Gold. A surge in demand can increase prices, while a decline tends to lower them. Dynamics in the US, Chinese and Indian economies can also contribute to price swings: for the US and particularly China, their big industrial sectors use Silver in various processes; in India, consumers’ demand for the precious metal for jewellery also plays a key role in setting prices. How do Silver prices react to Gold’s moves? Silver prices tend to follow Gold's moves. When Gold prices rise, Silver typically follows suit, as their status as safe-haven assets is similar. The Gold/Silver ratio, which shows the number of ounces of Silver needed to equal the value of one ounce of Gold, may help to determine the relative valuation between both metals. Some investors may consider a high ratio as an indicator that Silver is undervalued, or Gold is overvalued. On the contrary, a low ratio might suggest that Gold is undervalued relative to Silver.
00:08 Australian Dollar collapses below 0.6050 as markets brace for RBA rate cuts
The AUD/USD pair crumbled below key psychological support during Friday’s American session, sliding toward the 0.6050 region and marking its lowest level in five years.
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AUD/USD tumbles toward the 0.6050 region during Friday’s American session, marking a sharp intraday plunge.Trump’s aggressive tariffs spark fears of slower global growth and inflation; Fed Chair Powell warns of broader economic impact.Technical indicators flash strong bearish momentum; resistance seen near 0.6200 while the pair tests multi-year lows.
The AUD/USD pair crumbled below key psychological support during Friday’s American session, sliding toward the 0.6050 region and marking its lowest level in five years. The steep drop comes in the wake of a stronger-than-anticipated US Nonfarm Payrolls (NFP) report, which added to a broader surge in the Greenback. However, the dominant catalyst behind the Aussie’s collapse stems from a new wave of US tariffs announced by President Donald Trump, sparking global growth concerns and triggering speculation that the Reserve Bank of Australia (RBA) may respond with a series of aggressive rate cuts this year. From a technical standpoint, the pair is flashing intense bearish momentum, with the RSI now well into oversold territory and the MACD printing a fresh red bar.
Daily digest market movers: Trump tariffs and RBA bets crush Aussie
The Australian Dollar (AUD) faced a brutal sell-off, dropping below the 0.6050 zone as investors rapidly repriced RBA rate expectations in response to Trump's sweeping new tariff package.Federal Reserve (Fed) Chair Powell, speaking at a business journalism event, acknowledged that the scale of the tariff campaign may have a more persistent effect on inflation and growth than initially projected.Powell stressed the Fed’s flexibility, noting that while inflation is cooling gradually, the economic impact of tariffs remains highly uncertain, prompting a wait-and-see stance.Despite March’s robust US jobs report, with payrolls beating forecasts and the unemployment rate ticking up slightly, Powell highlighted deteriorating business sentiment tied to trade policy.Markets now expect the RBA to potentially deliver back-to-back rate cuts in the next few meetings, with some banks even forecasting a 50 bps move in May.China’s retaliatory stance further compounds the pressure on the Aussie, as Australia's export-driven economy remains deeply tied to Chinese demand.The US Dollar advanced broadly following the NFP print and Powell’s comments, strengthening further against high-beta currencies like the AUD.
Technical analysis
Friday’s carnage leaves the AUD/USD pair deep in bearish territory, with price action collapsing near the lower end of its daily range and breaching significant multi-year support zones. The Moving Average Convergence Divergence (MACD) continues to print new red bars, reinforcing downside momentum, while the Relative Strength Index (RSI) has fallen to the 27 region, confirming extreme oversold conditions.Although the Stochastic oscillator appears neutral, the persistent sell-off is further validated by the Bear/Bull Power indicator flashing red and a sharp divergence across moving averages. All short and long-term moving averages—the 10-day EMA, 20-day, 100-day, and 200-day Simple Moving Averages—continue to point downward, underlining the prevailing downtrend.
Australian Dollar FAQs What key factors drive the Australian Dollar? One of the most significant factors for the Australian Dollar (AUD) is the level of interest rates set by the Reserve Bank of Australia (RBA). Because Australia is a resource-rich country another key driver is the price of its biggest export, Iron Ore. The health of the Chinese economy, its largest trading partner, is a factor, as well as inflation in Australia, its growth rate and Trade Balance. Market sentiment – whether investors are taking on more risky assets (risk-on) or seeking safe-havens (risk-off) – is also a factor, with risk-on positive for AUD. How do the decisions of the Reserve Bank of Australia impact the Australian Dollar? The Reserve Bank of Australia (RBA) influences the Australian Dollar (AUD) by setting the level of interest rates that Australian banks can lend to each other. This influences the level of interest rates in the economy as a whole. The main goal of the RBA is to maintain a stable inflation rate of 2-3% by adjusting interest rates up or down. Relatively high interest rates compared to other major central banks support the AUD, and the opposite for relatively low. The RBA can also use quantitative easing and tightening to influence credit conditions, with the former AUD-negative and the latter AUD-positive. How does the health of the Chinese Economy impact the Australian Dollar? China is Australia’s largest trading partner so the health of the Chinese economy is a major influence on the value of the Australian Dollar (AUD). When the Chinese economy is doing well it purchases more raw materials, goods and services from Australia, lifting demand for the AUD, and pushing up its value. The opposite is the case when the Chinese economy is not growing as fast as expected. Positive or negative surprises in Chinese growth data, therefore, often have a direct impact on the Australian Dollar and its pairs. How does the price of Iron Ore impact the Australian Dollar? Iron Ore is Australia’s largest export, accounting for $118 billion a year according to data from 2021, with China as its primary destination. The price of Iron Ore, therefore, can be a driver of the Australian Dollar. Generally, if the price of Iron Ore rises, AUD also goes up, as aggregate demand for the currency increases. The opposite is the case if the price of Iron Ore falls. Higher Iron Ore prices also tend to result in a greater likelihood of a positive Trade Balance for Australia, which is also positive of the AUD. How does the Trade Balance impact the Australian Dollar? The Trade Balance, which is the difference between what a country earns from its exports versus what it pays for its imports, is another factor that can influence the value of the Australian Dollar. If Australia produces highly sought after exports, then its currency will gain in value purely from the surplus demand created from foreign buyers seeking to purchase its exports versus what it spends to purchase imports. Therefore, a positive net Trade Balance strengthens the AUD, with the opposite effect if the Trade Balance is negative.
AUD/USD tumbles toward the 0.6050 region during Friday’s American session, marking a sharp intraday plunge.Trump’s aggressive tariffs spark fears of slower global growth and inflation; Fed Chair Powell warns of broader economic impact.Technical indicators flash strong bearish momentum; resistance seen near 0.6200 while the pair tests multi-year lows.
The AUD/USD pair crumbled below key psychological support during Friday’s American session, sliding toward the 0.6050 region and marking its lowest level in five years. The steep drop comes in the wake of a stronger-than-anticipated US Nonfarm Payrolls (NFP) report, which added to a broader surge in the Greenback. However, the dominant catalyst behind the Aussie’s collapse stems from a new wave of US tariffs announced by President Donald Trump, sparking global growth concerns and triggering speculation that the Reserve Bank of Australia (RBA) may respond with a series of aggressive rate cuts this year. From a technical standpoint, the pair is flashing intense bearish momentum, with the RSI now well into oversold territory and the MACD printing a fresh red bar.
Daily digest market movers: Trump tariffs and RBA bets crush Aussie
The Australian Dollar (AUD) faced a brutal sell-off, dropping below the 0.6050 zone as investors rapidly repriced RBA rate expectations in response to Trump's sweeping new tariff package.Federal Reserve (Fed) Chair Powell, speaking at a business journalism event, acknowledged that the scale of the tariff campaign may have a more persistent effect on inflation and growth than initially projected.Powell stressed the Fed’s flexibility, noting that while inflation is cooling gradually, the economic impact of tariffs remains highly uncertain, prompting a wait-and-see stance.Despite March’s robust US jobs report, with payrolls beating forecasts and the unemployment rate ticking up slightly, Powell highlighted deteriorating business sentiment tied to trade policy.Markets now expect the RBA to potentially deliver back-to-back rate cuts in the next few meetings, with some banks even forecasting a 50 bps move in May.China’s retaliatory stance further compounds the pressure on the Aussie, as Australia's export-driven economy remains deeply tied to Chinese demand.The US Dollar advanced broadly following the NFP print and Powell’s comments, strengthening further against high-beta currencies like the AUD.
Technical analysis
Friday’s carnage leaves the AUD/USD pair deep in bearish territory, with price action collapsing near the lower end of its daily range and breaching significant multi-year support zones. The Moving Average Convergence Divergence (MACD) continues to print new red bars, reinforcing downside momentum, while the Relative Strength Index (RSI) has fallen to the 27 region, confirming extreme oversold conditions.Although the Stochastic oscillator appears neutral, the persistent sell-off is further validated by the Bear/Bull Power indicator flashing red and a sharp divergence across moving averages. All short and long-term moving averages—the 10-day EMA, 20-day, 100-day, and 200-day Simple Moving Averages—continue to point downward, underlining the prevailing downtrend.
Australian Dollar FAQs What key factors drive the Australian Dollar? One of the most significant factors for the Australian Dollar (AUD) is the level of interest rates set by the Reserve Bank of Australia (RBA). Because Australia is a resource-rich country another key driver is the price of its biggest export, Iron Ore. The health of the Chinese economy, its largest trading partner, is a factor, as well as inflation in Australia, its growth rate and Trade Balance. Market sentiment – whether investors are taking on more risky assets (risk-on) or seeking safe-havens (risk-off) – is also a factor, with risk-on positive for AUD. How do the decisions of the Reserve Bank of Australia impact the Australian Dollar? The Reserve Bank of Australia (RBA) influences the Australian Dollar (AUD) by setting the level of interest rates that Australian banks can lend to each other. This influences the level of interest rates in the economy as a whole. The main goal of the RBA is to maintain a stable inflation rate of 2-3% by adjusting interest rates up or down. Relatively high interest rates compared to other major central banks support the AUD, and the opposite for relatively low. The RBA can also use quantitative easing and tightening to influence credit conditions, with the former AUD-negative and the latter AUD-positive. How does the health of the Chinese Economy impact the Australian Dollar? China is Australia’s largest trading partner so the health of the Chinese economy is a major influence on the value of the Australian Dollar (AUD). When the Chinese economy is doing well it purchases more raw materials, goods and services from Australia, lifting demand for the AUD, and pushing up its value. The opposite is the case when the Chinese economy is not growing as fast as expected. Positive or negative surprises in Chinese growth data, therefore, often have a direct impact on the Australian Dollar and its pairs. How does the price of Iron Ore impact the Australian Dollar? Iron Ore is Australia’s largest export, accounting for $118 billion a year according to data from 2021, with China as its primary destination. The price of Iron Ore, therefore, can be a driver of the Australian Dollar. Generally, if the price of Iron Ore rises, AUD also goes up, as aggregate demand for the currency increases. The opposite is the case if the price of Iron Ore falls. Higher Iron Ore prices also tend to result in a greater likelihood of a positive Trade Balance for Australia, which is also positive of the AUD. How does the Trade Balance impact the Australian Dollar? The Trade Balance, which is the difference between what a country earns from its exports versus what it pays for its imports, is another factor that can influence the value of the Australian Dollar. If Australia produces highly sought after exports, then its currency will gain in value purely from the surplus demand created from foreign buyers seeking to purchase its exports versus what it spends to purchase imports. Therefore, a positive net Trade Balance strengthens the AUD, with the opposite effect if the Trade Balance is negative.
00:07 Gold price slides as Powell warns on tariff-driven inflation
Gold (XAU) price extended its losses on Friday and plunged to a seven-day low of $3,015 before recovering some ground, following a speech by Federal Reserve (Fed) Chair Jerome Powell, which indicated that inflation could reaccelerate due to tariffs. XAU/USD trades at $3,029, down 2.70%.
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Gold (XAU) price extended its losses on Friday and plunged to a seven-day low of $3,015 before recovering some ground, following a speech by Federal Reserve (Fed) Chair Jerome Powell, which indicated that inflation could reaccelerate due to tariffs. XAU/USD trades at $3,029, down 2.70%.Financial markets turmoil continued amid the escalation of the trade war between the United States (US) and China. Alongside that, Powell poured cold water on Fed easing bets, commenting that tariffs are likely to have an impact on the US economy, including slower growth and higher inflation.An article in the Financial Times (FT) revealed that hedge funds were hit by the most significant margin calls since Covid-19, following Trump’s Liberation Day.Suki Cooper, an analyst at Standard Chartered, said, “We tend to see Gold as a liquid asset being used to meet margin calls elsewhere, so it's not unusual for Gold to sell off after a risk event given the role that it can play in a portfolio.”Data-wise, the US economic docket featured a strong jobs report, highlighting that private companies hired over 200K people in March. The Unemployment Rate edged a tenth up, but Bloomberg stated that “it was mostly a rounding error.”Money market traders had priced in over 1% of Fed easing by 2025, according to the data provided by Prime Market Terminal.Source Prime Market TerminalRecession fears ignited as depicted by the US10s to 3 months yield curve inversion, with the latter paying 25 bps more than the US 10-year yield.Next week, the US economic docket will feature Fed speakers, the latest Federal Open Market Committee (FOMC) minutes, and the release of inflation data on both the consumer and producer side.Daily digest market movers: Gold price tanks weighed by US Dollar strength The US 10-year T-note yield drops three basis points to 4.00%. US real yields edge down four bps to 1.718%, according to US 10-year Treasury Inflation-Protected Securities (TIPS) yields.The US Dollar Index (DXY), which tracks the performance of the buck against a basket of six currencies, rallies over 1.14% to 103.09, exerting pressure on Bullion prices.Fed’s Powell commented that monetary policy is appropriate as they wait for clarity before considering interest rate adjustments. He said, “Tariffs are likely to raise inflation in the coming quarters; more persistent effects are possible.”Powell added that the economic outlook is highly uncertain and that despite the economy being in a good place, downside risks have increased.March’s Nonfarm Payrolls exceeded forecasts of 135K and rose by 228K, significantly surpassing February’s 151K. The US Unemployment Rate edged up from 4.1% to 4.2%. XAU/USD technical outlook: Gold price tumbles below $3,050Gold is puking at the time of writing, as sellers continue to push prices lower, with them eyeing a challenge of the $3,000 mark. The Relative Strength Index (RSI), despite being bullish, is about to cross below its neutral level, which could be the latest sign that Gold is poised for a pullback.If Gold prints a daily close below $3,000, the next support would be the 50-day Simple Moving Average (SMA) at $2,937, followed by the $2,900 figure. On the other hand, if XAU/USD edges up, buyers need to reclaim $3,100 to regain control.
Gold FAQs Why do people invest in Gold? Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government. Who buys the most Gold? Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves. How is Gold correlated with other assets? Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal. What does the price of Gold depend on? The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.
Gold FAQs Why do people invest in Gold? Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government. Who buys the most Gold? Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves. How is Gold correlated with other assets? Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal. What does the price of Gold depend on? The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.
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