The US dollar strengthened on Friday after President Trump announced a 35% tariff on Canadian imports and signaled potential EU tariffs, increasing safe-haven demand.
EUR/USD fell below 1.167, while the yen weakened to near 147 as Japan warned of economic impacts. Gold rose toward $3,330 on trade tensions and Fed rate cut speculation, while silver topped $37 amid falling yields and tariff-driven uncertainty. The pound slipped near 1.355 as dollar strength weighed ahead of UK GDP data.
| Time | Cur. | Event | Forecast | Previous |
| 06:00 | GBP | UK GDP(MoM)(May) | 0.10% | -0.30% |
| 06:45 | EUR | French CPI(MoM)(Jun) | 0.30% | -0.10% |
EUR/USD declined by 0.3% to 1.1668 on Friday as the U.S. dollar gained after President Trump announced a 35% tariff on Canadian imports and signaled potential tariffs on the EU. Rising trade tensions increased safe-haven demand for the dollar, while stronger U.S. jobless claims data added support. Meanwhile, the euro slipped as investors grew cautious over the eurozone’s vulnerability to U.S. tariffs and possible countermeasures.
Resistance for the pair is at 1.1750, while support is at 1.1685.
| R1: 1.1750 | S1: 1.1685 |
| R2: 1.1810 | S2: 1.1600 |
| R3: 1.1830 | S3: 1.1545 |
The yen weakened toward 147 per dollar on Friday, and neared a three-week low as the U.S. dollar strengthened amid rising trade tensions. President Trump’s new tariffs, including a 25% duty on Japanese goods, added strain to U.S.-Japan relations. Prime Minister Ishiba urged reducing dependence on the U.S., while a think tank warned the tariffs could lower Japan’s GDP by 0.8% in 2025.
Resistance is at 147.00, with major support at 144.85.
| R1: 147.00 | S1: 144.85 |
| R2: 148.15 | S2: 143.55 |
| R3: 148.65 | S3: 142.40 |
Gold climbed to around $3,330 per ounce on Friday, marking a third day of gains as safe-haven demand increased amid rising trade tensions. President Trump announced a 35% tariff on Canadian imports and hinted at broader 15–20% tariffs on other partners, adding to earlier threats on Brazil and sectors like copper and semiconductors. His call for a 300 bps rate cut fueled speculation about a dovish Fed pick and inflation risks. Meanwhile, jobless claims fell again, highlighting labor market strength. Despite recent gains, gold is on track to end the week flat.
Resistance is at $3,365, while support holds at $3,285.
| R1: 3365 | S1: 3285 |
| R2: 3395 | S2: 3250 |
| R3: 3430 | S3: 3205 |
GBP/USD is trading around 1.355, down 0.15%, as risk sentiment softens following Trump’s tariff threats on Canada and the EU, which lifted the dollar. The pound remains under pressure ahead of the UK GDP release, which may offer brief support if the data exceeds expectations. However, persistent trade tensions and solid U.S. economic signals are likely to keep the dollar strong, limiting any significant recovery in sterling.
Resistance is at 1.3600, while support holds at 1.3500.
| R1: 1.3600 | S1: 1.3500 |
| R2: 1.3700 | S2: 1.3430 |
| R3: 1.3760 | S3: 1.3380 |
Silver climbed above $37 per ounce on Friday, supported by a weaker U.S. dollar and falling Treasury yields, which lifted demand for precious metals. The gains followed Fed minutes showing most policymakers are open to rate cuts this year. Markets also focused on trade tensions after Trump announced new tariffs on 21 countries, confirmed a 50% tariff on Brazilian imports, and imposed a 50% tariff on copper.
Resistance is at 37.50, while support holds at 35.40.
| R1: 37.50 | S1: 35.40 |
| R2: 39.00 | S2: 34.85 |
| R3: 41.00 | S3: 33.80 |
Precious Metals Rebound (09-13 February)Global markets began the week with the US dollar under pressure, falling under 97.5 for a second consecutive session. The greenback’s decline was fueled by a combination of improved risk sentiment and expectations of stable Federal Reserve policy with potential rate cuts on the horizon. Investors remained cautious as they awaited a backlog of delayed US economic data, including employment and inflation figures.
Detail Markets Open Week on Softer Dollar (02.09.2026)The dollar index slipped to around 97.5 as delayed U.S. data due to the shutdown kept markets cautious, with investors expecting steady Fed policy until summer while risk appetite and Japan’s election added pressure against the yen.
Global Food Prices Ease Further in JanuaryGlobal food prices continued to fall at the start of 2026, with the FAO Food Price Index dropping 0.4% in January to 123.9 points. This marked the fifth consecutive monthly decline and the lowest level since August 2024, signaling a further easing in global food inflation pressures.
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