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News

Pound Sterling declines as BoE hike bets ease

GBP/USD loses ground for the third successive day, trading around 1.3520 during the Asian hours on Friday. The Pound Sterling (GBP) remains under pressure as traders pare back expectations for a Bank of England (BoE) rate hike, amid increasing optimism that tensions in the Middle East may be easing.

Source Fxstreet1776392937
Australian Dollar bulls retain control amid US-Iran diplomacy efforts, hawkish RBA

The AUD/USD pair holds steady above mid-0.7100s during the Asian session on Friday and for now, seems to have stalled the previous day's modest pullback from its highest level since June 2022. Spot prices remain on track to register strong weekly gains amid a supportive fundamental backdrop.

Source  Fxstreet1776390423
Canadian Dollar receives support from higher oil prices

USD/CAD remains subdued for the fifth consecutive day, trading around 1.3700 during the Asian hours on Friday.

Source  Fxstreet1776389122
PBOC sets USD/CNY reference rate at 6.8622 vs. 6.8616 previous

On Friday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 6.8622 compared to the previous day's fix of 6.8616 and 6.8206 Reuters estimate.

Source  Fxstreet1776388555
TradingKey Today’s Market Recap: Nasdaq’s Record 12-Day Rally and S&P 500 Hit New Highs; Trump Secures Non-Nuclear Guarantee from Iran, Brightening Prospects for Negotiations

TradingKey - On April 16, Eastern Time, buoyed by market optimism, the three major U.S. stock indices closed higher across the board. The Nasdaq rose 0.36% and the S&P 500 gained 0.26%, with both hitt

Source  Tradingkey1776387935
Silver Price Forecast: XAG/USD consolidates below $79.00, around 50% Fibo. level

Silver (XAG/USD) is seen consolidating around the 50% Fibonacci retracement level of the March downfall and trading just below the $79.00 mark during the Asian session on Friday, up 0.50% for the day.

Source  Fxstreet1776387738
NZD/USD remains subdued below 0.5900 as market caution lifts US Dollar

NZD/USD remains subdued for the second successive day, trading around 0.5890 during the Asian hours on Friday. The pair weakens as the US Dollar (USD) edges higher, supported by cautious market sentiment ahead of the upcoming meeting between the United States (US) and Iran scheduled for the weekend.

Source  Fxstreet1776387729
Lebanese army accuses Israel of violating ceasefire — CNN

The Lebanese army said that it recorded multiple ceasefire violations by Israel after the truce went into effect, CNN reported on Friday.

Source  Fxstreet1776387432
EUR/USD weakens below 1.1800 as US–Iran ceasefire talks bolster US Dollar

The EUR/USD pair trades in negative territory near 1.1780 during the early Asian session on Friday. The major pair retreats from eight-week highs as traders remain cautious ahead of the next meeting between the United States (US) and Iran, scheduled for the weekend. 

Source  Fxstreet1776384676
Bitcoin tests $76K resistance as rising exchange inflows signal potential selling pressure

Bitcoin has moved back toward the $76,000 resistance zone, renewing expectations of a short-term recovery after an extended period of bearish pressure.

Source  Fxstreet1776384428
G7 finance leaders warn of growing economic risks from the Middle East war

Finance ministers from the Group of Seven (G7) on Friday emphasized the urgent need to limit the economic repercussions of an ongoing Middle East conflict, highlighting a commitment to pursuing enduring peace.

Source  Fxstreet1776382435
China: Growth resilience and delayed easing – UOB

UOB economist Ho Woei Chen assesses China’s stronger 1Q26 Gross Domestic Product (GDP) data and its implications for policy. Despite real GDP rising 5.0% year-on-year, the team keeps its 2026 growth forecast at 4.7% due to external headwinds and weak domestic demand.

Source  Fxstreet1776381840
Gold posts modest gains near $4,800 as traders brace for US-Iran talks progress

Gold price (XAU/USD) posts modest gains near $4,795 during the early Asian session on Friday. Traders weigh signs of easing geopolitical tensions against persistent inflationary pressures. The next meeting between the United States (US) and Iran may take place over the weekend. 

Source  Fxstreet1776381054

New Zealand Electronic Card Retail Sales (YoY): 2.7% (March) vs 1.5%

Source  Fxstreet1776379502

New Zealand Electronic Card Retail Sales (MoM) dipped from previous 1.4% to 0.7% in March

Source  Fxstreet1776379502
USD/MYR: Testing key supports on softer USD – OCBC

OCBC’s strategists Sim Moh Siong and Christopher Wong observe USD/MYR nearing key support as markets price optimism over US–Iran negotiations and a softer US Dollar (USD).

Source  Fxstreet1776378780
GBP/USD slips again as UK production data disappoints

GBP/USD gave up recent gains on Thursday, falling around 0.25% to settle close to 1.3525 after slipping back below the 1.3550 handle. Price drifted lower through the European and North American sessions in a steady grind rather than an impulsive move, with sellers leaning against intraday rallies.

Source  Fxstreet1776377849
USD/JPY Price Forecast: Reclaims 159.00 but RSI divergence caps upside

The USD/JPY reclaims the 159.00 figure after reaching a weekly low of 158.26 amid mixed economic data in the US, strengthening the US Dollar, which rose to a two-day high of 98.29 according to the US Dollar Index (DXY). At the time of writing, the pair trades at 159.17, up 0.11%.

Source  Fxstreet1776377552
NZD/USD pressured as Hormuz disruption fuel USD demand

The NZD/USD pair is trading with a muted tone around the 0.5890 area on Thursday, April 16, as the US Dollar (USD) continues to benefit from safe-haven flows driven by escalating geopolitical uncertainty and ongoing disruptions in global energy routes.

Source  Fxstreet1776377337
Ethereum Price Forecast: ETH's rise above $2,300 not yet backed by robust demand

Ethereum (ETH) quickly reclaimed $2,300 again on Thursday after a slight dip below the level in the early American session.

Source  Fxstreet1776376737
CNY: Gradual appreciation path under policy control – Commerzbank

Commerzbank’s Volkmar Baur says China’s 5.0% growth, despite weak investment and retail sales, underscores reliance on external demand, keeping authorities wary of strong CNY appreciation.

Source  Fxstreet1776376440
US Treasury Secretary Scott Bessent meets with global counterparts to reaffirm US policy

US Treasury Secretary Scott Bessent met with multiple world leaders this week, detailing the US' agenda of securing trade deals and policies aimed largely at reversing damage done through the first year of the Trump administration, specifically on earth minerals and general trade.

Source  Fxstreet1776374884
AUD/USD snaps winning streak below 0.72 as Aussie jobs disappoint

AUD/USD snapped a three-day winning streak on Thursday, finishing nearly flat close to 0.7165 after failing to clear the 0.7200 handle earlier in the session.

Source  Fxstreet1776374459
Philippines: BSP seen delaying hike to June – Standard Chartered

Standard Chartered economists Jonathan Koh and Edward Lee now expect Bangko Sentral ng Pilipinas (BSP) to keep its policy rate at 4.25% in April, delaying a previously anticipated 25 bps hike to June.

Source  Fxstreet1776373920
China: Growth beat overshadowed by weak demand – TD Securities

TD Securities strategists highlight that China’s Q1 Gross Domestic Product (GDP) reached 5.0% year-on-year, at the top of the official target range, driven by strong exports and early bond quota usage.

Source  Fxstreet1776371820
Silver Price Analysis: Doji at $81 caps rally, risks tilt lower

Silver price loses 0.30% on Thursday as the Greenback stages a comeback and as the white metal fails to clear key resistance at $81.00. At the time of writing, XAG/USD trades at $78.73 after hitting a daily high of $80.85.

Source  Fxstreet1776371094
SanDisk Corporation Stock (SNDK) Closed Up by 3.08% on Apr 16: A Full Analysis

SanDisk Corporation (SNDK) closed up by 3.08%. The Technology Equipment sector is down by 11.14%. The company outperformed the industry. Top 3 stocks by turnover in the sector: NVIDIA Corp (NVDA) down

Source  Tradingkey1776370492
Credicorp Ltd Stock (BAP) Closed Up by 7.53% on Apr 16: Drivers Behind the Movement

Credicorp Ltd (BAP) closed up by 7.53%. The Banking & Investment Services sector is down by 9.80%. The company outperformed the industry. Top 3 stocks by turnover in the sector: Charles Schwab Corp (S

Source  Tradingkey1776370485
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