Market momentum is low early Wednesday as traders await US President Trump’s key “Liberation Day” tariff announcements. Tension rises due to mixed signals from US data anticipation and ECB talks.
The risk outlook remains uncertain early Tuesday, following a slightly positive end to Q1 2025.
Market sentiment remains downbeat on the final day of the quarter, as traders begin the US NFP week.
Gold challenged its previous record high of $3,058 before surging to a fresh peak of $3,080 early Friday, defying the market’s uncertainty.
EURUSD and GBPUSD bounced back from three-week lows, while USDJPY showed slight losses.
Gold pulled back from support, Crude Oil lost momentum, and EURUSD, GBPUSD, and USDJPY saw pressure.
Relief over the US reciprocal tariffs, optimism about the Ukraine-Russia ceasefire, and mixed PMI data led to a positive start for the week.
USDJPY defies the trend, rising for a third straight day, while the Antipodean currencies are mixed.
Risk sentiment soured on Thursday as US President Trump’s optimism over the US-Ukraine minerals deal.
Market sentiment is cautiously optimistic on Thursday, after the US Fed kept rates steady and hinted at two rate cuts in 2025.
On Tuesday, market sentiment remained cautious, with traders focused on tariff concerns and discussing President Trump’s influence over US agencies.
Market sentiment weakened on Tuesday as traders reconsidered the risk-positive news surrounding the Ukraine-Russia ceasefire deal.
EURUSD and GBPUSD hit multi-month highs, while USDJPY defied the trend, rebounding from a five-month low.
