📢 Gate Square #MBG Posting Challenge# is Live— Post for MBG Rewards!
Want a share of 1,000 MBG? Get involved now—show your insights and real participation to become an MBG promoter!
💰 20 top posts will each win 50 MBG!
How to Participate:
1️⃣ Research the MBG project
Share your in-depth views on MBG’s fundamentals, community governance, development goals, and tokenomics, etc.
2️⃣ Join and share your real experience
Take part in MBG activities (CandyDrop, Launchpool, or spot trading), and post your screenshots, earnings, or step-by-step tutorials. Content can include profits, beginner-friendl
Forex Today: Eyes on German inflation data and Fedspeak as trading conditions normalize
Here is what you need to know on Tuesday, April 2:
Trading conditions are starting to normalizing on Tuesday with investors returning from the long Easter holiday. Germany's Destatis will release preliminary Consumer Price Index data for March and the US economic docket will feature Factory Orders and JOLTS Job Openings data for February. Several Federal Reserve (Fed) policymakers are scheduled to deliver speeches during the American trading hours as well.
Following a quiet European session on Monday, the US Dollar (USD) gathered strength against its rivals in the second half of the day, supported by rising US Treasury bond yields and the ISM Manufacturing PMI data, which came in better than expected. The USD Index rose 0.4% on the day and reached its highest level since November before going into a consolidation phase above 105.00 early Tuesday. Meanwhile, the 10-year US Treasury bond yield holds steady above 4.3% after rising 2.5% on Monday.
EUR/USD broke below 1.0800 and lost nearly 0.5% on a daily basis on Monday. The pair stays on the back foot and trades in negative territory below 1.0750 in the European morning.
GBP/USD turned south in the American session on Monday and slumped to the 1.2550 area. The pair holds steady near that level on Tuesday.
The minutes of the Reserve Bank of Australia's (RBA) March meeting showed that board members did not consider the option for an interest rate rise. AUD/USD showed no reaction to this publication and was last seen consolidating Monday's losses slightly below 0.6500.
After moving sideways in a very tight channel for several days, USD/JPY closed in positive territory and came within a touching distance of multi-decade highs on Monday. The pair stays relatively quiet at around 151.70 early Tuesday. Japanese Finance Minister Shunichi Suzuki repeated that they will not rule out any steps to respond to disorderly moves and that they will monitor foreign exchange moves with a high sense of urgency.
Gold reached a new all-time high above $2,260 early Monday but erased a portion of its daily gains on broad-based USD strength in the American session. XAU/USD seems to have stabilized at around $2,250 on Tuesday.
*Source: fxstreet