Trump

Crude Oil Weekly Outlook: WTI crude is challenging the $65 resistance as markets weigh US-China trade talks, expectations of an OPEC+ supply cut rollback by June, rising supply risks from Russia, and heightened geopolitical tension following an explosion at Iran’s Bandar Abbas port near the Strait of Hormuz — a key oil transit route — which may impact oil prices next week.

GBPUSD, USDJPY Outlook: With the US Dollar weakening near the 98-price zone, GBPUSD and USDJPY are trading close to their 2024 highs and lows, respectively. Both pairs are holding ground amid growing indecision—poised for either steep breakouts or sharp reversals. What are the key levels to watch?

Confidence in the US Dollar continues to erode as Trump escalates his attacks on the Federal Reserve amid intensifying trade tensions with China. As a result, USDCAD has slipped below 1.38, while the Nasdaq hovers around the 18,000 level.

The longer-term range remains in-effect in USD/CAD, but the big question now is whether sellers can show follow through after a sizable reaction to resistance on Monday.

Markets are pricing in surprise this morning as the size of tariffs announced have caught many by surprise.

Volatility is receding as we approach Trump’s Liberation Day, which really could go one of two ways in terms of direction and volatility. While the 1-day implied volatility level is higher on USD/CAD, it is worth noting that historical volatility has been higher on USD/JPY with an average daily range of 131 pips, with Asia offering an average of 83 pips, Europe 107 pips and US 97 pips.

Another key date for Trump tariffs comes into play next week after the Q2 open, with April 2nd being called ‘Liberation Day’ for the United States.

President Trump’s April 2 “Liberation Day” plan will introduce reciprocal tariffs on countries with high trade surpluses and barriers to US goods - see what it might mean for markets!

USD/CAD has seen price action tighten over the past six weeks, even as the tariff topic has kept volatility flowing through several headlines.

Crude Oil Week Ahead: Crude oil prices remain above the $66 mark, supported by Iranian oil sanctions, escalating Russia-Ukraine tensions, and broader market rebound sentiment. However, concerns over the trade war and oversupply risks continue to fuel a broader bearish outlook.

EURUSD, Nasdaq Outlook: Trade war risks between the U.S. and EU are escalating. Gold surged near $3,000, market indices remained weak, and the euro dropped back below 1.09.