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Silver price today: Silver falls, according to FXStreet data
Silver prices (XAG/USD) fell on Friday, according to FXStreet data. Silver trades at $74.82 per troy ounce, down 0.82% from the $75.44 it cost on Thursday.
Oil: Supply risks and stagflation fears – Rabobank
Rabobank’s Senior Macro Strategist Bas van Geffen notes that Oil prices have risen, with Brent futures around $106, as Middle East tensions and disruptions in the Strait of Hormuz intensify.
USD: Cautious tone into weekend – ING
ING’s Chris Turner notes that Gulf tensions and broadening inflation pressures are keeping investors wary of short US Dollar (USD) positions. He highlights firm short-dated US yields as markets price a stagflationary oil shock and a potentially more hawkish Federal Reserve (Fed).
ECB: Hawkish hold and June options – Nordea
Nordea’s Chief Analyst Jan von Gerich expects the European Central Bank (ECB) to leave policy rates unchanged at the April meeting while keeping all options open for June. He anticipates a hawkish communication tone that underpins market expectations for a June hike.
China FDI - Foreign Direct Investment (YTD) (YoY) declined to -7.3% in March from previous -5.7%
China FDI - Foreign Direct Investment (YTD) (YoY) declined to -7.3% in March from previous -5.7%
Iran warns US an eye for an eye over oil strikes
Iran’s deputy president Esmaeil Saqab Esfahani has warned the United States (US) of “an eye for an eye” over oil strikes, according to the Mehr news agency, The Guardian reported. Esfahani threatened to attack the oil facilities of the countries from whose soil Iranian oil wells will be targeted.
Silver Price Forecasts: XAG/USD hits fresh lows sub-$74.00 in risk-off markets
Silver (XAG/USD) trades lower for the second consecutive day on Friday, weighed by the US Dollar’s strength, as investors lose their hopes of a swift end to the Middle East conflict.
AUD/USD: Range trading persists near 0.7130 – UOB
United Overseas Bank (UOB) strategists Quek Ser Leang and Lee Sue Ann expect AUD/USD to remain in a consolidation phase after a brief dip to 0.7111 and close around 0.7130.
USD/INR extends rally as higher oil prices drag Indian Rupee
The Indian Rupee (INR) slides further against the US Dollar (USD) on Friday, extending its losing streak for the fifth trading day.
SNB’s Schlegel: Central bank is open to adjust monetary policy and made interventions
Swiss National Bank (SNB) Chairman Martin Schlegel said at the SNB's General Meeting during the European trading hours on Friday that the central bank has unrestricted room to maneuver on policy rate and made forex interventions.
USD/JPY: Uptrend resumes toward 2024 highs – Societe Generale
Societe Generale analysts observe that USD/JPY has formed a small base above its 50‑day moving average after an earlier failed breakout.
Brent: Geopolitical risk keeps prices elevated – Deutsche Bank
Deutsche Bank strategists highlight that Brent Oil continues to climb as US-Iran tensions persist and the Strait of Hormuz remains effectively closed. Brent futures across the curve have pushed to multi‑week highs, with US gasoline and inflation swaps also rising.
EUR/USD trades flat below 1.1700 before entering into central banks’ policies week
The EUR/USD pair trades in a tight range around 1.1700 during the European trading session on Friday. The major currency pair consolidates while the US Dollar (USD) trades broadly firm, with investors shifting focus to central banks’ policy meetings next week.
Gold bounces off two-week low; not out of the woods yet amid bullish USD
Gold (XAU/USD) recovers slightly from a nearly two-week low, touched earlier this Friday, though it lacks follow-through and remains below the $4,700 mark through the first half of the European session.
EUR/USD: Heavy tone with downside risks – ING
ING’s Chris Turner says rising short-dated Eurozone yields on higher Oil and pass-through of input costs are not clearly supportive for EUR/USD. He argues the European Central Bank must get ahead of inflation expectations and that current real rate differentials are unsupportive.
Forex Today: Middle East uncertainty keeps volatility contained
Here is what you need to know on Friday, April 24:
German IFO Business Climate arrives lower at 84.4 in April vs. 85.5 estimates
The German IFO Institute Business Climate Index deteriorates at a faster-than-expected pace to 84.4 in April. The sentiment data was expected to arrive at 85.5, down from 86.3 in March, revised lower from 86.4.
Equities: Earnings resilience and oil risk – BNY
BNY’s Bob Savage notes that Q1 S&P 500 earnings are strong but upside versus expectations is modest, with uneven Q2 and full‑year guidance. Sector leadership is concentrated in semiconductors, AI-linked names and parts of energy, while defense lags.
Germany IFO – Expectations came in at 83.3 below forecasts (85) in April
Germany IFO – Expectations came in at 83.3 below forecasts (85) in April
Germany IFO – Current Assessment below expectations (86.2) in April: Actual (85.4)
Germany IFO – Current Assessment below expectations (86.2) in April: Actual (85.4)
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