The upside momentum in the British pound remains well and sound on Thursday, underpinning the eighth consecutive daily advance in GBP/USD, which now trades in a consolidative fashion near 1.326. Cable’s strong performance comes despite the marked rebound in the US Dollar.
EUR/JPY Exchange rate
Editors’ Picks
EUR/USD remains depressed near 1.1350
The US Dollar now grabs momentum and motivates EUR/USD to return to the 1.1350 zone on Thursday, as investors continue to digest the ECB’s decision to lower its policy rates by 25 basis points, as widely estimated. It is worth noting that most markets will be closed on April 18, Good Friday.
Gold bounces off daily lows, back near $3,320
The prevailing risk-on mood among traders challenges the metal’s recent gains and prompts a modest knee-jerk in its prices on Thursday. After bottoming out near the $3,280 zone per troy ounce, Gold prices are now reclaiming the $3,320 area in spite of the stronger Greenback.
Crypto market cap fell more than 18% in Q1, wiping out $633.5 billion after Trump’s inauguration top
CoinGecko’s Q1 Crypto Industry Report highlights that the total crypto market capitalization fell by 18.6% in the first quarter, wiping out $633.5 billion after topping on January 18, just a couple of days ahead of US President Donald Trump’s inauguration.
Future-proofing portfolios: A playbook for tariff and recession risks
It does seem like we will be talking tariffs for a while. And if tariffs stay — in some shape or form — even after negotiations, we’ll likely be talking about recession too. Higher input costs, persistent inflation, and tighter monetary policy are already weighing on global growth.