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:
DBS Group Research economist Eugene Leow notes that Gold has been consolidating in a tight range despite sharp moves in energy markets, as traders await key US CPI data.
MUFG’s Senior Currency Analyst Lloyd Chan argues that Asia FX gains on ceasefire hopes are running ahead of fundamentals, as Oil retains a structural floor and US yields stay elevated.
The NZD/USD pair corrects after a four-day winning streak, trading 0.25% lower to near 0.5845 during the early European trading session on Friday.
The Euro (EUR) holds moderate gains against the British Pound (GBP) on Friday.
Danske Research Team reports that global equities extended gains, led by US markets, with cyclical sectors outperforming while defensive and low-volatility names lag.
