Markets experience subdued activity due to the Good Friday holiday: April 18, 2025

From monetamarkets.com

Global financial markets on April 18, 2025, are experiencing subdued activity due to the Good Friday holiday, with thin trading volumes amplifying reactions to US-China trade developments and Federal Reserve rhetoric. Optimism from US President Donald Trump’s comments on a potential US-China trade deal within weeks is tempered by Fed Chair Jerome Powell’s warnings of stagflation risks, keeping the US Dollar under pressure. Stronger oil prices and safe-haven flows influence currency pairs, while gold sees profit-taking after a record high. Key US data and Fed speak today could sway sentiment further. AUD/USD ... (full story)