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📊 Euro rockets on weak U.S. economic data The euro (EUR) gained 2.25% against the U.S. dollar (USD) on Thursday. The greenback weakened substantially following the release of a much weaker-than-expected U.S. Consumer Price Index (CPI) report. 👉Possible effects for traders Labor Department data showed that U.S. consumer prices unexpectedly fell in March. Investors immediately started to price in more rate cuts by the Federal Reserve (Fed). Now, interest rate swaps market data imply more than a 36% chance of 75 basis points worth of rate cuts by the Fed by the end of October. Meanwhile, the European Central Bank (ECB) is expected to deliver only 50 basis points worth of rate cuts over the same period. However, the improvement in U.S. inflation is unlikely to be sustained in the wake of tariffs. Investors' dovish expectations regarding the Fed could be misplaced, suggesting that EURUSD is at risk of a sharp downward correction. As for trade tariff concerns, the situation has stabilised a little. Although U.S. President Donald Trump maintained a 10% blanket import duty on most imports, he granted a 90-day freeze on reciprocal tariffs. Ursula von der Leyen, the European Commission Chief, said the EU would pause its first countermeasures against U.S. tariffs after Trump's pause. The news was treated positively by investors, driving EURUSD higher. EURUSD rose during the Asian session, but after reaching a strong resistance in the 1.13700 area, the pair started to pull back during the early European trading hours. The market now focuses on developments around trade tariffs. Investors will continue monitoring developments, assessing potential economic repercussions, and adjusting their portfolios in response to the ongoing uncertainty. Additionally, a set of U.S. macroeconomic statistics may fuel more volatility and affect expectations of U.S. interest rate directions. U.S. Producer Price Index (PPI) data is due at 12:30 p.m. UTC, and the University of Michigan Consumer Sentiment report is due at 2:00 p.m. UTC. Higher-than-expected figures may trigger a downward correction in EURUSD and bring it towards 1.11500. Conversely, lower-than-expected results may pull the pair higher towards 1.13700 again. Sign Up Now ➡️https://bit.ly/attocta Partner Code ➡️ 37888

📊 Bitcoin drops as risk sentiment doesn't improve The Bitcoin (BTC) price dropped by 3.7% on Thursday as risk sentiment increased amid fears over long-term tariff effects on the global economy. 👉Possible effects for traders Continuing geopolitical tensions significantly dampen investor appetite for risky assets such as cryptocurrencies, including Bitcoin. The escalating trade disputes between major economic powers like the U.S. and China and rising concerns about the overall health and stability of the global economy harm investors' risk sentiment. Upcoming U.S. macroeconomic data releases and new developments related to the unfolding U.S.-China trade war further exacerbate risk-averse sentiment. Earlier this week, Bitcoin's price fluctuated due to announcements and subsequent pauses on new U.S. trade tariffs for most countries except China. News about tariffs triggered a sharp drop in BTCUSD, but the announcement of a 90-day pause led to a recovery in the crypto market. However, the underlying tensions and the fact that tariffs on China remain in place have kept the market on edge. According to MarketPulse, Bitcoin exchange-traded funds (ETFs) experienced several consecutive days of outflows in early April. Some investors were pulling their funds from the asset, which could exert downward pressure on BTCUSD. Still, despite the short-term volatility and bearish signals, some experts hold long-term bullish views on Bitcoin. They predict BTCUSD prices may reach $250,000 by the end of 2025, driven by increasing global adoption of cryptocurrencies. BTCUSD rose during the Asian and early European trading session. Today, trade tariffs remain the main factor contributing to market volatility. Investors will closely monitor developments, assess potential economic repercussions, and adjust their portfolios to the ongoing uncertainty. Additionally, U.S. macroeconomic statistics may fuel additional volatility and influence investors' expectations of the U.S. interest rates direction. The U.S. Producer Price Index (PPI) report will come out at 12:30 p.m. UTC, and the University of Michigan Consumer Sentiment report is due at 2:00 p.m. UTC. Sign Up Now ➡️https://bit.ly/attocta Partner Code ➡️ 37888

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#economic_calendar These events may affect the market on 11 April.

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📊 New tariffs boost gold significantly The gold (XAU) price rocketed by over 3% on Wednesday. Investors flocked to the safe-haven asset in response to escalating U.S.-China trade tensions triggered by additional U.S. tariffs imposed by President Donald Trump. 👉Possible effects for traders XAUUSD recorded its largest daily gain yesterday since October 2023 as traders view gold as the ultimate safe-haven asset amid rising geopolitical uncertainty and macroeconomic instability. Yesterday, Trump authorised a 90-day pause on new tariffs for most countries while increasing tariffs on imports from China towards 125%. Concerns that tariffs would trigger inflation and impede economic growth led investors to seek safety in gold. According to FOMC minutes, Federal Reserve (Fed) policymakers were nearly unanimous last month in warning that the U.S. economy faces risks of higher inflation and slower growth. Some noted that 'difficult tradeoffs' may lie ahead. 'Gold continues to be seen as a hedge against instability here. We got a situation where tariffs are becoming a big problem, and you have inflationary expectations going higher, and that's manifested by higher yields', said Bart Melek, head of commodity strategies at TD Securities. According to the CME Fed Watch tool, traders are now pricing in a 72% chance of a rate cut in June by the Fed. XAUUSD rose during the Asian and early European trading sessions. Trade tensions continue to affect the market, so traders should monitor upcoming news about U.S. tariffs. In addition, the upcoming U.S. Consumer Price Index (CPI) report at 12:30 p.m. UTC may add extra volatility to all USD pairs, including XAUUSD. The market expects a 0.3% rise in monthly core inflation and a 3% annual increase. If the report reveals higher-than-expected inflation, XAUUSD may drop slightly. Data about slowing inflation will likely give XAUUSD a significant boost. Sign Up Now ➡️https://bit.ly/attocta Partner Code ➡️ 37888

📊 Trade tariff changes affect euro Initially, the euro (EUR) rallied strongly against the U.S. dollar (USD) but later lost most gains and finished the day essentially unchanged. 👉Possible effects for traders Yesterday was quite a dramatic and volatile day for Forex traders as U.S. President Donald Trump announced a 90-day pause in tariffs. He also lowered tariffs on all countries to 10% during those 90 days and increased duties on Chinese imports towards 125%. The U.S. stock market rallied on the news, and general sentiment improved, but uncertainty remains. 'Markets can only sustain extreme conditions for so long before exhaustion sets in. The 90-day suspension does allow nice breathing room to allow negotiation to settle in, and market valuations have clearly been reset. Yet, the uncertainty for companies remains', said Carol Schleif, Chief Market Strategist at BMO Private Wealth. Meanwhile, the sentiment inside the European Central Bank (ECB) remains rather pessimistic. According to Reuters, the ECB predicts a sharper-than-expected eurozone economic downturn triggered by trade tariffs. One senior official said that the worst-case economic scenarios are now unfolding in real time. José Luis Escrivá, the governor of the Bank of Spain and a member of the ECB's governing council, told the Financial Times that the tariffs imposed by Donald Trump were delivering a 'very significant negative shock on economic activity'. Officials also stressed that the euro is an alternative to the U.S. dollar in global trade and that trade disputes could affect the U.S. dollar's status as a reserve currency. The ECB had earlier estimated that a full trade war with the US could reduce the eurozone GDP growth rate by 0.5 percentage points in the initial year. Fundamentally, the pressure on EURUSD remains slightly bullish as investors believe that the Federal Reserve (Fed) will pursue a more dovish monetary policy than the ECB. However, these expectations can change at any point as the narrative surrounding global trade tariffs unfolds. EURUSD rose during the Asian and early European trading sessions. Today, investors and traders should continue monitoring news about trade tariffs as they can significantly shift market sentiment. Also, the U.S. Consumer Price Index (CPI) report at 12:30 p.m. UTC may add volatility to all USD pairs, including EURUSD. The market expects a 0.3% rise in monthly core inflation and a 3.0% annual increase. If the CPI numbers are higher than expected, EURUSD may drop significantly. Otherwise, EURUSD will likely rise slightly on lower-than-expected inflation data. Key levels to watch are resistance at 1.10150 and support at 1.09270. Sign Up Now ➡️https://bit.ly/attocta Partner Code ➡️ 37888

📊 CAD rallies on new updates of trade tariffs The Canadian dollar gained 1.26% against the U.S. dollar (USD) on Wednesday. Investors' sentiment improved following U.S. President Donald Trump's decision to pause reciprocal tariffs for 90 days. 👉Possible effects for traders USDCAD has been in a downward trend since the beginning of February as traders have become more bearish on the USD, fearing that the U.S. economy will slow due to rising trade tariffs. Yesterday, CAD experienced the strongest rise in nearly three months as a sudden change in the U.S. on tariffs bolstered the outlook for the global economy. The USDCAD exchange rate is closely linked to commodity prices. Thus, when the prospect for the global economy improves, commodities—particularly crude oil—rally and USDCAD drops. 'The global growth outlook looks better is the bottom line for the Canadian dollar right now. Extreme reciprocal tariffs were likely to create a worldwide recession, and now it's clear it was all a negotiating tactic', said Adam Button, chief currency analyst at ForexLive. Also, Japan's Ministry of Finance said that Canada and Japan have agreed to cooperate to maintain stability in financial markets and the global financial system. As for the monetary policies, there is no noticeable divergence in monetary policy expectations between the Federal Reserve (Fed) and the Bank of Canada (BoC). Both central banks are currently expected to deliver roughly three 25-basis-point rate cuts in 2025. USDCAD fell during the Asian and early European trading sessions. Traders should continue monitoring U.S. trade policies as any news can significantly shift market sentiment. Also, the U.S. Consumer Price Index (CPI) report will come out at 12:30 p.m. UTC and add extra volatility to all USD pairs, including USDCAD. The market expects a 0.3% rise in monthly core inflation and a 3.0% annual increase. If inflation is higher than expected, USDCAD may rise significantly. If the CPI number is below the forecast, USDCAD will likely fall slightly. Key levels to watch are resistance at 1.41500 and support at 1.40300. Sign Up Now ➡️https://bit.ly/attocta Partner Code ➡️ 37888

#economic_calendar These events may affect the market on 10 April.

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The Magnificent Seven pulled in over $2T in revenue last year — and Amazon alone made up nearly a third of that. While Nvidia’s revenue is the smallest in the group, its triple-digit growth rate outpaces everyone. Here’s how each stock performed based on their latest full-year results. Trade Stocks:

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