Trading news

The Gold Price (XAU/USD) drifts higher to near $3,350 during the early Asian session on Monday after facing some profit-taking due to the long weekend. Uncertainty about US President Donald Trump's tariff policies and persistent geopolitical tensions continue to underpin the precious metal. 

The AUD/USD pair trades in positive territory around 0.6380 during the Asian session on Monday, bolstered by the weaker US Dollar (USD). Traders await the developments surrounding the United States and China trade discussions, while tensions between the two largest economies are intensifying.

Australia National Australia Bank's Business Confidence (QoQ): -4 (1Q)

 Gold prices are set to end the week on a positive note, up by over 2.79% as the precious metal enjoyed a $90 US Dollar rally due to the latter weakness sponsored by uncertainty about global trade. At the time of writing, XAU/USD trades at $3,326.

The Euro advances against the US Dollar in muted trading, as financial markets are closed on Good Friday. At the time of writing, the EUR/USD trades at 1.1385, up 0.21%, lacking the strength to break the elusive 1.14 mark.

India Bank Loan Growth remains unchanged at 11% in March 31

India FX Reserves, USD rose from previous $676.27B to $677.84B in April 7

Silver prices (XAG/USD) broadly unchanged on Friday, according to FXStreet data.

Italy Trade Balance EU up to €-0.361B in February from previous €-0.635B

Italy Trade Balance EU declined to €-361B in February from previous €-0.635B

European Central Bank (ECB) policymaker Madis Muller explained on Friday that their decision to cut key rates by 25 basis points at the April policy meeting was supported by the drop in energy prices, and tariffs.

Italy Global Trade Balance came in at €4.466B, above forecasts (€3.31B) in February

European Central Bank (ECB) policymaker Francois Villeroy de Galhau said on Friday that the inflation risk from trade tensions seems weak and could even be downward, per Reuters.

AUD/JPY retraces its recent gains from the previous session, trading around 90.80 during the European hours on Friday. The currency cross remains under pressure as the Australian Dollar (AUD) weakens in light trading, with local markets closed for the Good Friday holiday.

Here is what you need to know on Friday, April 18:

The US Dollar Index (DXY), which measures the US Dollar (USD) against a basket of six major currencies, is remaining below 99.50 during the early European hours on Friday. The Greenback remains subdued amid growing concerns over the economic impact of tariffs on the United States (US).

The EUR/JPY cross trades flat near 161.85 during the early European session on Friday. US President Donald Trump's trade war remains a source of deep uncertainty. However, Trump on Thursday offered some encouraging signals that negotiations with other countries could lead to lower tariffs.

USD/JPY inches lower after registering gains in the previous session, trading around 142.40 during the Asian session on Friday. An analysis of the daily chart showed the pair moves downward within a descending channel, indicating a confirmed bearish bias.

USD/CHF slipped slightly during Friday’s Asian trading hours, hovering around 0.8180, after posting gains in the previous session. The pair is under pressure as the US Dollar weakens amid mounting concerns over the economic fallout from US tariffs.

The EUR/USD pair strengthens to around 1.1370 during the early European trading hours on Friday. Hopes for a trade deal between the United States (US) and the European Union (EU) provide some support to the Euro (EUR). Trading volume is likely to be lightened on Good Friday.