BNY’s Head of Markets Macro Strategy Bob Savage argues that Q1 US equities will be driven more by forward guidance than reported earnings, with consensus S&P 500 earnings growth around 13% and wide dispersion in forecasts.
The USD/CAD pair rebounds to near 1.3833 from the two-week low of 1.3805 on Friday after snapping a four-day losing streak.
AUD/JPY edges lower after four days of gains, trading around 112.50 during the European hours on Friday. The currency cross remains subdued as the Australian Dollar (AUD) holds losses following the release of Chinese Consumer Price Index (CPI) data for March.
The GBP/JPY cross trades with a positive bias for the fifth consecutive day and hits a fresh two-month high, around the 213.85 area, during the early European session on Friday.
Danske Research Team highlights that Brent crude is trading around USD 96 per barrel after sharp intraday swings tied to Middle East headlines.
United Overseas Bank’s (UOB) economists Quek Ser Leang and Lee Sue Ann highlight a still-positive short-term outlook for GBP/USD after recent gains above 1.3450. They see scope for the Pound (GBP) to advance toward 1.3520, but stress that a daily close above 1.3480 is required.
ING’s Francesco Pesole points to Canada’s March labour report as key for Bank of Canada (BoC) expectations, stressing that the unemployment rate matters more than volatile monthly payrolls.
Asian equities rise following a rally on Wall Street overnight as the United States (US)–Iran ceasefire triggered a sharp drop in oil prices, easing concerns over renewed inflation and further rate hikes by the central banks.
Austria Industrial Production (YoY) increased to 1.1% in February from previous 0.3%
Philip Wee at DBS Group Research highlights that despite Brent crude trading in a USD 100–120 range in Q1 2026, the US Dollar Index (DXY) has stayed within its established 96–101 band.
The USD/JPY pair attracts some buyers to near 159.30 during the early European trading hours on Friday. A fragile ceasefire between the US and Iran provides some support to the US Dollar (USD) against the Japanese Yen (JPY).
Here is what you need to know on Friday, April 10:
