Kevin Ford, FX and Macro Strategist

Critical questions ahead of April 2nd. Equities down on tariff additions. Euro down 7th day in a row. Markets shrug off Spring Statement.

Reading between the bond lines. A surprising spring in sterling’s step. Trade war consequences are showing. More short-term pain for the euro.

Nothing good happens below the 200-day SMA. Good data is good news. Euro down on buyers’ fatigue. Sturdy start for sterling.

New U.S.-Canada tariffs expected after April 2nd. Risks around “fiscal and trade policies”. Euro under pressure. Monetary caution and fiscal consolidation influence pound.

April 2nd will lead the show. Post-Fed euphoria fades. Euro bracing for a weekly decline. BoE in no rush.

Holding pattern for the Loonie. Best Fed day for stocks since July ‘22. Euro slips below $1.09. BoE priced to stay on hold.