Forecast for April 15
EURUSD: SELL 1.1350, SL 1.1450, TP 1.1200
EURUSD:
On Friday, China’s Ministry of Finance sharply raised tariffs on U.S. goods to 125% from 84%, in response to President Trump’s decision to increase tariffs on Chinese imports to an unprecedented 145%. In an effort to ease tensions, the European Union suspended its planned retaliatory tariffs for 90 days, mirroring a similar move by Washington.
The U.S. Dollar Index (DXY) continued to decline for a third consecutive session, falling below the 100.00 mark and nearing a three-year low. The drop reflects weakening investor confidence amid disappointing economic data and dovish signals from the Federal Reserve.
The University of Michigan’s Consumer Sentiment Index dropped to 50.8 in April, while inflation expectations rose to 6.7%. The U.S. Producer Price Index (PPI) increased by 2.7% year-over-year in March, down from 3.2% in February, and the core reading fell to 3.3%. Jobless claims rose to 223,000, but continuing claims fell to 1.85 million, highlighting mixed signals in the labor market.
Minneapolis Fed President Neel Kashkari stated that the impact of the trade war largely depends on how quickly uncertainty is resolved, calling the current situation the biggest blow to confidence since March 2020.
EURUSD: SELL 1.1350, SL 1.1450, TP 1.1200
EURUSD:
On Friday, China’s Ministry of Finance sharply raised tariffs on U.S. goods to 125% from 84%, in response to President Trump’s decision to increase tariffs on Chinese imports to an unprecedented 145%. In an effort to ease tensions, the European Union suspended its planned retaliatory tariffs for 90 days, mirroring a similar move by Washington.
The U.S. Dollar Index (DXY) continued to decline for a third consecutive session, falling below the 100.00 mark and nearing a three-year low. The drop reflects weakening investor confidence amid disappointing economic data and dovish signals from the Federal Reserve.
The University of Michigan’s Consumer Sentiment Index dropped to 50.8 in April, while inflation expectations rose to 6.7%. The U.S. Producer Price Index (PPI) increased by 2.7% year-over-year in March, down from 3.2% in February, and the core reading fell to 3.3%. Jobless claims rose to 223,000, but continuing claims fell to 1.85 million, highlighting mixed signals in the labor market.
Minneapolis Fed President Neel Kashkari stated that the impact of the trade war largely depends on how quickly uncertainty is resolved, calling the current situation the biggest blow to confidence since March 2020.
Forecast for April 15
GBPUSD: BUY 1.3130, SL 1.3010, TP 1.3310
GBPUSD:
Markets only briefly reacted to Trump’s decision to delay tariffs for 90 days, as recession fears in the U.S. intensified following the escalation of the trade conflict with China. On Thursday, China imposed 84% tariffs on U.S. goods, while the U.S. raised duties on Chinese imports to a record 145%. Given the U.S. still relies on several hard-to-replace Chinese materials, confidence in the economy has weakened.
Recent data showed a 0.1% decline in the U.S. Consumer Price Index (CPI) for March, while core CPI rose 2.8% year-over-year—below expectations. Markets are now pricing in a 90 basis point rate cut by year-end. In contrast, the probability of a Bank of England rate cut in May is seen as lower.
Despite a supportive fundamental backdrop, investors remain cautious, awaiting key UK data: the employment report on Tuesday and inflation figures on Wednesday. Attention will also be on U.S. retail sales and Fed Chair Jerome Powell’s upcoming speech, both of which could influence dollar dynamics and drive movement in the GBP/USD pair.
GBPUSD: BUY 1.3130, SL 1.3010, TP 1.3310
GBPUSD:
Markets only briefly reacted to Trump’s decision to delay tariffs for 90 days, as recession fears in the U.S. intensified following the escalation of the trade conflict with China. On Thursday, China imposed 84% tariffs on U.S. goods, while the U.S. raised duties on Chinese imports to a record 145%. Given the U.S. still relies on several hard-to-replace Chinese materials, confidence in the economy has weakened.
Recent data showed a 0.1% decline in the U.S. Consumer Price Index (CPI) for March, while core CPI rose 2.8% year-over-year—below expectations. Markets are now pricing in a 90 basis point rate cut by year-end. In contrast, the probability of a Bank of England rate cut in May is seen as lower.
Despite a supportive fundamental backdrop, investors remain cautious, awaiting key UK data: the employment report on Tuesday and inflation figures on Wednesday. Attention will also be on U.S. retail sales and Fed Chair Jerome Powell’s upcoming speech, both of which could influence dollar dynamics and drive movement in the GBP/USD pair.
Forecast for April 15
USDJPY: SELL 142.50, SL 144.50, TP 140.50
USDJPY:
The Japanese yen is strengthening at the start of the week, staying near its highest level since September 2024, reached last Friday amid broad U.S. dollar weakness. The escalating trade war between the U.S. and China continues to boost demand for traditional safe-haven assets like the yen. Additionally, hopes for a potential U.S.–Japan trade deal are also supporting the currency.
Signs of rising inflation in Japan keep the door open for further rate hikes by the Bank of Japan (BoJ). Meanwhile, the Federal Reserve is expected to adopt a more accommodative stance due to concerns that the trade war could hinder U.S. economic growth. This narrows the rate differential between the U.S. and Japan, suggesting that the path of least resistance for the low-yielding yen is to the upside.
USDJPY: SELL 142.50, SL 144.50, TP 140.50
USDJPY:
The Japanese yen is strengthening at the start of the week, staying near its highest level since September 2024, reached last Friday amid broad U.S. dollar weakness. The escalating trade war between the U.S. and China continues to boost demand for traditional safe-haven assets like the yen. Additionally, hopes for a potential U.S.–Japan trade deal are also supporting the currency.
Signs of rising inflation in Japan keep the door open for further rate hikes by the Bank of Japan (BoJ). Meanwhile, the Federal Reserve is expected to adopt a more accommodative stance due to concerns that the trade war could hinder U.S. economic growth. This narrows the rate differential between the U.S. and Japan, suggesting that the path of least resistance for the low-yielding yen is to the upside.
Forecast for April 16
EURUSD: SELL 1.1310, SL 1.1410, TP 1.1140
EURUSD:
The EUR/USD pair fluctuated between 1.1400 and 1.1300 on Monday, ending the day near the middle of that range. The US dollar continues to strengthen following the Trump administration’s withdrawal of tariff threats, though market sentiment remains weak due to lingering concerns over trade tensions.
On Tuesday, mid-tier sentiment indicators from Europe are due, followed by US retail sales data on Wednesday. However, the key event for the EUR/USD this week is Thursday’s ECB meeting, where markets widely expect a 25 basis point rate cut in response to the economic fallout from the US’s unstable tariff policies.
EURUSD: SELL 1.1310, SL 1.1410, TP 1.1140
EURUSD:
The EUR/USD pair fluctuated between 1.1400 and 1.1300 on Monday, ending the day near the middle of that range. The US dollar continues to strengthen following the Trump administration’s withdrawal of tariff threats, though market sentiment remains weak due to lingering concerns over trade tensions.
On Tuesday, mid-tier sentiment indicators from Europe are due, followed by US retail sales data on Wednesday. However, the key event for the EUR/USD this week is Thursday’s ECB meeting, where markets widely expect a 25 basis point rate cut in response to the economic fallout from the US’s unstable tariff policies.
Forecast for April 16
GBPUSD: BUY 1.3220, SL 1.3090, TP 1.3410
GBPUSD:
The GBP/USD pair rose 0.75% on Monday, marking its fifth consecutive session of gains as the pound continues to recover against the weakening US dollar. However, upcoming UK economic data could impact the pair’s trajectory.
On Tuesday, UK labor market data will be released: unemployment is expected to remain at 4.4%, while jobless claims for March are forecast to drop to 30.3K from 44.2K in February. CPI inflation figures are due Wednesday, with overall annual inflation projected to ease to 2.7%, while core inflation is expected to remain at 3.5%.
GBPUSD: BUY 1.3220, SL 1.3090, TP 1.3410
GBPUSD:
The GBP/USD pair rose 0.75% on Monday, marking its fifth consecutive session of gains as the pound continues to recover against the weakening US dollar. However, upcoming UK economic data could impact the pair’s trajectory.
On Tuesday, UK labor market data will be released: unemployment is expected to remain at 4.4%, while jobless claims for March are forecast to drop to 30.3K from 44.2K in February. CPI inflation figures are due Wednesday, with overall annual inflation projected to ease to 2.7%, while core inflation is expected to remain at 3.5%.
Forecast for April 16
USDJPY: SELL 142.80, SL 144.50, TP 140.50
USDJPY:
The yen is weakening on Tuesday, pushing the USD/JPY pair closer to the mid-143.00s amid modest US dollar strength. Trump’s decision to cancel tariffs on consumer electronics and the possibility of temporary relief for the auto sector are fueling market optimism, reducing demand for safe-haven assets like the yen.
However, the escalating US-China trade war and fears over the economic impact of Trump’s tariff strategy continue to weigh on risk appetite. Diverging monetary policy paths — expectations of rate hikes by the Bank of Japan versus potential easing by the Fed — along with hopes for a US-Japan trade deal, could help limit further losses for the low-yielding yen.
USDJPY: SELL 142.80, SL 144.50, TP 140.50
USDJPY:
The yen is weakening on Tuesday, pushing the USD/JPY pair closer to the mid-143.00s amid modest US dollar strength. Trump’s decision to cancel tariffs on consumer electronics and the possibility of temporary relief for the auto sector are fueling market optimism, reducing demand for safe-haven assets like the yen.
However, the escalating US-China trade war and fears over the economic impact of Trump’s tariff strategy continue to weigh on risk appetite. Diverging monetary policy paths — expectations of rate hikes by the Bank of Japan versus potential easing by the Fed — along with hopes for a US-Japan trade deal, could help limit further losses for the low-yielding yen.
Forecast for April 17
EURUSD: SELL 1.1260, SL 1.1360, TP 1.1080
Event to pay attention to today:
🔹 15:30 EET. USD - Retail Sales
🔹 20:30 EET. USD - Federal Reserve Chairman Jerome Powell Speaks
EURUSD:
EUR/USD is trading higher around 1.1285 in early Asian hours on Wednesday. The US dollar remains near a three-year low amid persistent trade tensions.
Federal Reserve Governor Christopher Waller said that Trump’s tariff policy had significantly hurt the US economy and could force the Fed to cut rates even if inflation remains elevated. Meanwhile, Atlanta Fed President Raphael Bostic urged caution, suggesting rate cuts should wait until there’s more clarity.
The European Central Bank (ECB) is expected to cut rates by 25 basis points on Thursday due to growing recession fears driven by US tariffs. Analysts also see the possibility of cuts to all three key rates. In March, the ECB lowered the deposit rate to 2.5%; another cut would bring it down to 2.25%.
EURUSD: SELL 1.1260, SL 1.1360, TP 1.1080
Event to pay attention to today:
🔹 15:30 EET. USD - Retail Sales
🔹 20:30 EET. USD - Federal Reserve Chairman Jerome Powell Speaks
EURUSD:
EUR/USD is trading higher around 1.1285 in early Asian hours on Wednesday. The US dollar remains near a three-year low amid persistent trade tensions.
Federal Reserve Governor Christopher Waller said that Trump’s tariff policy had significantly hurt the US economy and could force the Fed to cut rates even if inflation remains elevated. Meanwhile, Atlanta Fed President Raphael Bostic urged caution, suggesting rate cuts should wait until there’s more clarity.
The European Central Bank (ECB) is expected to cut rates by 25 basis points on Thursday due to growing recession fears driven by US tariffs. Analysts also see the possibility of cuts to all three key rates. In March, the ECB lowered the deposit rate to 2.5%; another cut would bring it down to 2.25%.
GBPUSD: BUY 1.3270, SL 1.3140, TP 1.3470
Event to pay attention to today:
🔹 15:30 EET. USD - Retail Sales
🔹 20:30 EET. USD - Federal Reserve Chairman Jerome Powell Speaks
GBPUSD:
GBP/USD continues its rally from April 8 and is trading near 1.3250 in Wednesday’s Asian session, after touching a fresh six-month high at 1.3256 earlier in the day.
On Tuesday, UK labor market data showed the unemployment rate held steady at 4.4% in February, matching expectations. The Bank of England has so far refrained from easing policy, citing wage growth, but markets are pricing in a 90% chance of a rate cut in May, along with two more cuts later this year.
Investors are now awaiting the UK’s March CPI report due later today. Meanwhile, the US Dollar Index (DXY) has dipped below 99.80, with focus turning to US retail sales data for March, which could shed light on the impact of trade issues on consumer behavior.
Event to pay attention to today:
🔹 15:30 EET. USD - Retail Sales
🔹 20:30 EET. USD - Federal Reserve Chairman Jerome Powell Speaks
GBPUSD:
GBP/USD continues its rally from April 8 and is trading near 1.3250 in Wednesday’s Asian session, after touching a fresh six-month high at 1.3256 earlier in the day.
On Tuesday, UK labor market data showed the unemployment rate held steady at 4.4% in February, matching expectations. The Bank of England has so far refrained from easing policy, citing wage growth, but markets are pricing in a 90% chance of a rate cut in May, along with two more cuts later this year.
Investors are now awaiting the UK’s March CPI report due later today. Meanwhile, the US Dollar Index (DXY) has dipped below 99.80, with focus turning to US retail sales data for March, which could shed light on the impact of trade issues on consumer behavior.
Forecast for April 17
USDJPY: SELL 142.30, SL 143.70, TP 139.70
Event to pay attention to today:
🔹 15:30 EET. USD - Retail Sales
🔹 20:30 EET. USD - Federal Reserve Chairman Jerome Powell Speaks
USDJPY:
The Japanese yen (JPY) is rebounding after a slight pullback, supported by ongoing trade uncertainty that continues to drive demand for safe-haven assets. Additional support came from a sharp rise in Japan’s core machinery orders for February, beating market expectations, along with hopes for a trade deal with the US and growing confidence that the Bank of Japan (BoJ) will raise rates in 2025.
BoJ’s hawkish outlook contrasts with increasing expectations of aggressive rate cuts by the Federal Reserve. This could narrow the interest rate gap between the US and Japan, boosting the yen’s outlook. Meanwhile, the US dollar remains under pressure amid concerns that Trump’s trade policies could hinder US economic growth, keeping the USD/JPY pair near its six-month lows.
USDJPY: SELL 142.30, SL 143.70, TP 139.70
Event to pay attention to today:
🔹 15:30 EET. USD - Retail Sales
🔹 20:30 EET. USD - Federal Reserve Chairman Jerome Powell Speaks
USDJPY:
The Japanese yen (JPY) is rebounding after a slight pullback, supported by ongoing trade uncertainty that continues to drive demand for safe-haven assets. Additional support came from a sharp rise in Japan’s core machinery orders for February, beating market expectations, along with hopes for a trade deal with the US and growing confidence that the Bank of Japan (BoJ) will raise rates in 2025.
BoJ’s hawkish outlook contrasts with increasing expectations of aggressive rate cuts by the Federal Reserve. This could narrow the interest rate gap between the US and Japan, boosting the yen’s outlook. Meanwhile, the US dollar remains under pressure amid concerns that Trump’s trade policies could hinder US economic growth, keeping the USD/JPY pair near its six-month lows.
Forecast for April 18
EURUSD: SELL 1.1320, SL 1.1400, TP 1.1160
Event to pay attention to today:
🔹 15:15 EET. EUR - ECB Interest Rate Decision
🔹 15:30 EET. USD - Unemployment Claims
🔹 15:45 EET. EUR - ECB Press Conference
EURUSD:
The EUR/USD pair remains steady near 1.1400 in early Asian trading on Thursday, as markets adopt a cautious tone amid anticipation of potential trade deals from the Trump administration.
Federal Reserve Chair Jerome Powell warned that trade tensions could undermine the Fed’s employment and inflation goals, increasing the risk of a U.S. economic slowdown and putting pressure on the dollar.
The ECB is expected to cut its key interest rate by 25 basis points on Thursday — marking the sixth consecutive cut — amid ongoing tariff tensions and economic uncertainty.
Market focus is on the ECB press conference, where analysts believe Christine Lagarde is unlikely to hint at further rate cuts until more data becomes available.
EURUSD: SELL 1.1320, SL 1.1400, TP 1.1160
Event to pay attention to today:
🔹 15:15 EET. EUR - ECB Interest Rate Decision
🔹 15:30 EET. USD - Unemployment Claims
🔹 15:45 EET. EUR - ECB Press Conference
EURUSD:
The EUR/USD pair remains steady near 1.1400 in early Asian trading on Thursday, as markets adopt a cautious tone amid anticipation of potential trade deals from the Trump administration.
Federal Reserve Chair Jerome Powell warned that trade tensions could undermine the Fed’s employment and inflation goals, increasing the risk of a U.S. economic slowdown and putting pressure on the dollar.
The ECB is expected to cut its key interest rate by 25 basis points on Thursday — marking the sixth consecutive cut — amid ongoing tariff tensions and economic uncertainty.
Market focus is on the ECB press conference, where analysts believe Christine Lagarde is unlikely to hint at further rate cuts until more data becomes available.
Forecast for April 18
GBPUSD: SELL 1.3190, SL 1.3280, TP 1.3010
Event to pay attention to today:
🔹 15:30 EET. USD - Unemployment Claims
GBPUSD:
The GBP/USD pair ended its seven-day winning streak, falling to 1.3230 in Thursday’s Asian session after reaching a six-month high of 1.3292 on Wednesday.
The U.S. Dollar Index (DXY) climbed above 99.60, supported by stronger-than-expected U.S. retail sales, which rose 1.4% in March, beating both the previous 0.2% gain and the forecast of 1.3%.
The pound came under pressure following weaker-than-expected UK inflation data: core inflation rose 2.6% year-over-year versus a 2.7% forecast, while services inflation fell to 4.7% from 5.0%, increasing expectations for a Bank of England rate cut in May.
GBPUSD: SELL 1.3190, SL 1.3280, TP 1.3010
Event to pay attention to today:
🔹 15:30 EET. USD - Unemployment Claims
GBPUSD:
The GBP/USD pair ended its seven-day winning streak, falling to 1.3230 in Thursday’s Asian session after reaching a six-month high of 1.3292 on Wednesday.
The U.S. Dollar Index (DXY) climbed above 99.60, supported by stronger-than-expected U.S. retail sales, which rose 1.4% in March, beating both the previous 0.2% gain and the forecast of 1.3%.
The pound came under pressure following weaker-than-expected UK inflation data: core inflation rose 2.6% year-over-year versus a 2.7% forecast, while services inflation fell to 4.7% from 5.0%, increasing expectations for a Bank of England rate cut in May.
Forecast for April 18
USDJPY: SELL 142.30, SL 144.00, TP 140.30
Event to pay attention to today:
🔹 15:30 EET. USD - Unemployment Claims
USDJPY:
The Japanese yen pulled back after reaching a multi-month high against the U.S. dollar on Thursday, though a deeper decline remains limited. Positive sentiment in global equity markets and a mild rebound in the dollar helped USD/JPY recover over 100 pips from the 141.60 level.
However, uncertainty surrounding Trump’s tariff announcements, the escalating U.S.-China trade war, and recession fears are capping risk appetite. The yen continues to find support from expectations that the Bank of Japan may eventually raise interest rates — though potentially delayed — as well as hopes for a trade deal between Japan and the U.S.
USDJPY: SELL 142.30, SL 144.00, TP 140.30
Event to pay attention to today:
🔹 15:30 EET. USD - Unemployment Claims
USDJPY:
The Japanese yen pulled back after reaching a multi-month high against the U.S. dollar on Thursday, though a deeper decline remains limited. Positive sentiment in global equity markets and a mild rebound in the dollar helped USD/JPY recover over 100 pips from the 141.60 level.
However, uncertainty surrounding Trump’s tariff announcements, the escalating U.S.-China trade war, and recession fears are capping risk appetite. The yen continues to find support from expectations that the Bank of Japan may eventually raise interest rates — though potentially delayed — as well as hopes for a trade deal between Japan and the U.S.
Gold hits new all-time high! Next target — $4000!
XAUUSD soared above $3300/oz, gaining 20% YTD. Geopolitical tensions, supply disruptions, and risk-off sentiment are driving gold even higher.
🔹 Fed likely to cut rates — bullish for gold.
🔹 Central banks ramp up gold buying — +41% in Q1.
🔹 Trump targets critical mineral imports — market reacts fast.
🔹 US inflation hits 6.7% — highest since 1981, dollar under pressure.
Goldman Sachs forecasts $3700 by year-end, $4000 by 2026. FreshForex sees $4000 this year!
🎁 Get a 202% bonus on deposits from $202 — message support with promo code G202.
💥 Trade 270+ instruments with leverage up to 1:2000. Don’t miss out!
XAUUSD soared above $3300/oz, gaining 20% YTD. Geopolitical tensions, supply disruptions, and risk-off sentiment are driving gold even higher.
🔹 Fed likely to cut rates — bullish for gold.
🔹 Central banks ramp up gold buying — +41% in Q1.
🔹 Trump targets critical mineral imports — market reacts fast.
🔹 US inflation hits 6.7% — highest since 1981, dollar under pressure.
Goldman Sachs forecasts $3700 by year-end, $4000 by 2026. FreshForex sees $4000 this year!
🎁 Get a 202% bonus on deposits from $202 — message support with promo code G202.
💥 Trade 270+ instruments with leverage up to 1:2000. Don’t miss out!
Forecast for April 24
EURUSD: SELL 1.1380, SL 1.1410, TP 1.1300
EURUSD:
The EUR/USD pair declines toward 1.1355 during the early Asian session on Wednesday, pressured by a stronger US dollar. The greenback finds support after Donald Trump stated he does not plan to dismiss Federal Reserve Chairman Jerome Powell, despite criticism over the Fed’s slow pace in cutting interest rates.
Further boosting the dollar are reports of progress in US trade talks, with 18 countries already submitting proposals and meetings with 34 nations scheduled for this week.
Hawkish comments from Fed officials also support the dollar. Fed Governor Adriana Kugler emphasized the need to keep rates unchanged due to rising inflation risks driven by elevated import tariffs.
Meanwhile, expectations of a rate cut by the European Central Bank (ECB) in June continue to weigh on the euro, with the probability of such a move increasing to 75%, according to LSEG data (up from 60% previously).
EURUSD: SELL 1.1380, SL 1.1410, TP 1.1300
EURUSD:
The EUR/USD pair declines toward 1.1355 during the early Asian session on Wednesday, pressured by a stronger US dollar. The greenback finds support after Donald Trump stated he does not plan to dismiss Federal Reserve Chairman Jerome Powell, despite criticism over the Fed’s slow pace in cutting interest rates.
Further boosting the dollar are reports of progress in US trade talks, with 18 countries already submitting proposals and meetings with 34 nations scheduled for this week.
Hawkish comments from Fed officials also support the dollar. Fed Governor Adriana Kugler emphasized the need to keep rates unchanged due to rising inflation risks driven by elevated import tariffs.
Meanwhile, expectations of a rate cut by the European Central Bank (ECB) in June continue to weigh on the euro, with the probability of such a move increasing to 75%, according to LSEG data (up from 60% previously).
Forecast for April 24
GBPUSD: SELL 1.3300, SL 1.3340, TP 1.3210
GBPUSD:
The GBP/USD pair remains under pressure near 1.3280 during the early Asian session on Wednesday, as the US dollar strengthens. The dollar is supported by hopes for de-escalation of the US-China trade war following comments from US Treasury Secretary Scott Bessent, who expressed optimism about easing tensions between the two nations.
Another supportive factor for the dollar is Trump’s decision to drop plans to remove Fed Chair Jerome Powell, further boosting investor confidence.
Markets are also focused on upcoming US-UK trade negotiations. According to the Wall Street Journal, Washington is preparing deal terms that would include reducing UK tariffs on a broad range of US goods, including cutting car tariffs from 10% to 2.5%.
GBPUSD: SELL 1.3300, SL 1.3340, TP 1.3210
GBPUSD:
The GBP/USD pair remains under pressure near 1.3280 during the early Asian session on Wednesday, as the US dollar strengthens. The dollar is supported by hopes for de-escalation of the US-China trade war following comments from US Treasury Secretary Scott Bessent, who expressed optimism about easing tensions between the two nations.
Another supportive factor for the dollar is Trump’s decision to drop plans to remove Fed Chair Jerome Powell, further boosting investor confidence.
Markets are also focused on upcoming US-UK trade negotiations. According to the Wall Street Journal, Washington is preparing deal terms that would include reducing UK tariffs on a broad range of US goods, including cutting car tariffs from 10% to 2.5%.
Forecast for April 24
USDJPY: SELL 141.70, SL 142.10, TP 140.50
USDJPY:
The Japanese yen (JPY) weakens for the second consecutive day, retreating from its recent multi-month high, as risk appetite improves globally following upbeat US comments on trade talks with China. This shift reduces demand for safe-haven assets, including the yen.
The US dollar is further supported by its recovery from multi-year lows and easing concerns over the Fed’s independence, pushing USD/JPY above 143.00 during the Asian session.
However, expectations that the Bank of Japan (BoJ) will continue raising interest rates in 2025 limit yen downside. Additionally, weak PMI readings from Japan and growing doubts about the consistency of US economic policy contribute to volatility. As a result, USD/JPY has pulled back below 142.00 in the last hour.
USDJPY: SELL 141.70, SL 142.10, TP 140.50
USDJPY:
The Japanese yen (JPY) weakens for the second consecutive day, retreating from its recent multi-month high, as risk appetite improves globally following upbeat US comments on trade talks with China. This shift reduces demand for safe-haven assets, including the yen.
The US dollar is further supported by its recovery from multi-year lows and easing concerns over the Fed’s independence, pushing USD/JPY above 143.00 during the Asian session.
However, expectations that the Bank of Japan (BoJ) will continue raising interest rates in 2025 limit yen downside. Additionally, weak PMI readings from Japan and growing doubts about the consistency of US economic policy contribute to volatility. As a result, USD/JPY has pulled back below 142.00 in the last hour.
Forecast for April 25
EURUSD: BUY 1.1350, SL 1.1320, TP 1.1430
Event to watch out for today:
🔹 15:30 EET. USD - Number of Initial Jobless Claims in the U.S.
EURUSD:
The EUR/USD pair rises toward 1.1335 during the early Asian session on Thursday, supported by easing concerns over tariff threats from U.S. President Donald Trump, which puts pressure on the dollar.
According to the Federal Reserve’s Beige Book, companies affected by Trump’s initial tariffs are attempting to pass rising costs onto consumers but remain uncertain about their ability to do so.
Earlier, Trump imposed a 10% import tax but later suspended it for 90 days to allow time for negotiations. However, ongoing trade policy uncertainty and fears of a U.S. economic slowdown may continue to weigh on the dollar, favoring EUR/USD upside.
Meanwhile, the ECB cut its key interest rate to 2.25%. ECB President Christine Lagarde stressed that the increase in U.S. tariffs on EU goods from 3% to 13% is already hurting Europe’s economic outlook.
EURUSD: BUY 1.1350, SL 1.1320, TP 1.1430
Event to watch out for today:
🔹 15:30 EET. USD - Number of Initial Jobless Claims in the U.S.
EURUSD:
The EUR/USD pair rises toward 1.1335 during the early Asian session on Thursday, supported by easing concerns over tariff threats from U.S. President Donald Trump, which puts pressure on the dollar.
According to the Federal Reserve’s Beige Book, companies affected by Trump’s initial tariffs are attempting to pass rising costs onto consumers but remain uncertain about their ability to do so.
Earlier, Trump imposed a 10% import tax but later suspended it for 90 days to allow time for negotiations. However, ongoing trade policy uncertainty and fears of a U.S. economic slowdown may continue to weigh on the dollar, favoring EUR/USD upside.
Meanwhile, the ECB cut its key interest rate to 2.25%. ECB President Christine Lagarde stressed that the increase in U.S. tariffs on EU goods from 3% to 13% is already hurting Europe’s economic outlook.
Forecast for April 25
GBPUSD: BUY 1.3280, SL 1.3250, TP 1.3370
Event to watch out for today:
🔹 15:30 EET. USD - Number of Initial Jobless Claims in the US
GBPUSD:
The GBP/USD pair strengthens toward 1.3270, breaking a two-day losing streak amid dollar weakness driven by uncertainty over Trump’s trade policies.
The U.S. administration reported it has held tariff talks with 90 countries, with tariffs on China potentially being implemented within the next few weeks, depending on Beijing’s stance. Trump also threatened to raise the 25% tariffs on cars imported from Canada to support U.S. automakers, adding to market uncertainty and dollar pressure.
At the same time, expectations of a Bank of England rate cut at the May meeting could limit GBP gains. According to LSEG, markets currently price in an 82% chance of a rate cut due to the global economic impact of the ongoing trade conflict.
Traders now focus on upcoming U.S. data, including weekly jobless claims, durable goods orders, and existing home sales. On Friday, UK retail sales for March are expected to show a 0.4% monthly decline after a 1.0% rise in February.
GBPUSD: BUY 1.3280, SL 1.3250, TP 1.3370
Event to watch out for today:
🔹 15:30 EET. USD - Number of Initial Jobless Claims in the US
GBPUSD:
The GBP/USD pair strengthens toward 1.3270, breaking a two-day losing streak amid dollar weakness driven by uncertainty over Trump’s trade policies.
The U.S. administration reported it has held tariff talks with 90 countries, with tariffs on China potentially being implemented within the next few weeks, depending on Beijing’s stance. Trump also threatened to raise the 25% tariffs on cars imported from Canada to support U.S. automakers, adding to market uncertainty and dollar pressure.
At the same time, expectations of a Bank of England rate cut at the May meeting could limit GBP gains. According to LSEG, markets currently price in an 82% chance of a rate cut due to the global economic impact of the ongoing trade conflict.
Traders now focus on upcoming U.S. data, including weekly jobless claims, durable goods orders, and existing home sales. On Friday, UK retail sales for March are expected to show a 0.4% monthly decline after a 1.0% rise in February.
Forecast for April 25
USDJPY: SELL 142.90, SL 143.20, TP 141.10
Event to watch out for today:
🔹 15:30 EET. USD - US Initial Jobless Claims Number
USDJPY:
The Japanese yen (JPY) gains against the U.S. dollar during Thursday’s Asian session, pausing its pullback from the multi-month highs reached earlier this week.
Demand for the safe-haven yen is supported by comments from U.S. Treasury Secretary Scott Bessent, who downplayed expectations of a quick resolution to the U.S.-China trade dispute. Additionally, growing confidence that the Bank of Japan (BoJ) will maintain its policy stance and possibly continue raising rates in 2025 further supports the yen.
However, concerns that BoJ may delay rate hikes due to Trump’s tariff actions and their impact on the economic outlook could limit the yen’s upside. Still, the policy divergence between BoJ’s hawkish signals and expectations of rate cuts by the Federal Reserve continues to pressure the dollar and favors the bearish outlook for USD/JPY.
USDJPY: SELL 142.90, SL 143.20, TP 141.10
Event to watch out for today:
🔹 15:30 EET. USD - US Initial Jobless Claims Number
USDJPY:
The Japanese yen (JPY) gains against the U.S. dollar during Thursday’s Asian session, pausing its pullback from the multi-month highs reached earlier this week.
Demand for the safe-haven yen is supported by comments from U.S. Treasury Secretary Scott Bessent, who downplayed expectations of a quick resolution to the U.S.-China trade dispute. Additionally, growing confidence that the Bank of Japan (BoJ) will maintain its policy stance and possibly continue raising rates in 2025 further supports the yen.
However, concerns that BoJ may delay rate hikes due to Trump’s tariff actions and their impact on the economic outlook could limit the yen’s upside. Still, the policy divergence between BoJ’s hawkish signals and expectations of rate cuts by the Federal Reserve continues to pressure the dollar and favors the bearish outlook for USD/JPY.
Bitcoin Surpasses Google: Rally to $94,000
Bitcoin hits new highs — $94,000 and $1.86T market cap, overtaking Alphabet and becoming the 5th largest asset globally.
🔥 Deposit crypto, mention promo code CRY10 in support chat and get up to 500 USD credited! Details via the link.
5 reasons behind BTC’s 2025 rally:
🔹 Bitcoin ETFs approved in the US — SEC allowed spot ETFs, unlocking institutional inflows.
🔹 Weaker dollar, falling markets — BTC seen as “digital gold” and safe haven.
🔹 US government support — easier regulation and plans for state crypto reserves.
🔹 Rising trust — Bitcoin strengthens as a long-term store of value.
🔹 Tech upgrades — Lightning Network and Layer 2 solutions speed up and lower transaction costs.
Bitcoin keeps proving its status as a top global financial asset.
💎 At FreshForex — accounts in 7 cryptos and 70+ crypto pairs with up to 1:100 leverage. Trade 24/7.
Bitcoin hits new highs — $94,000 and $1.86T market cap, overtaking Alphabet and becoming the 5th largest asset globally.
🔥 Deposit crypto, mention promo code CRY10 in support chat and get up to 500 USD credited! Details via the link.
5 reasons behind BTC’s 2025 rally:
🔹 Bitcoin ETFs approved in the US — SEC allowed spot ETFs, unlocking institutional inflows.
🔹 Weaker dollar, falling markets — BTC seen as “digital gold” and safe haven.
🔹 US government support — easier regulation and plans for state crypto reserves.
🔹 Rising trust — Bitcoin strengthens as a long-term store of value.
🔹 Tech upgrades — Lightning Network and Layer 2 solutions speed up and lower transaction costs.
Bitcoin keeps proving its status as a top global financial asset.
💎 At FreshForex — accounts in 7 cryptos and 70+ crypto pairs with up to 1:100 leverage. Trade 24/7.