Platinum price forced to provide mixed trading after reaching $2093.00 level, due to the contradiction of the main indicators, specifically by stochastic exit from the overbought level, however, this won’t affect the bullish scenario due to its stability above the moving average 55, reinforcing the stability of the extra support at $1950.00.
Gathering extra positive momentum is important for breaching $2080.00 barrier, to begin targeting new positive stations that might begin at $2130.00 reaching the next resistance at $2205.00.
The expected trading range for today is between $1970.00 and $2130.00
EUR/JPY rebounds after registering little losses in the previous day, trading around 185.30 during the European hours on Thursday. The daily chart’s technical analysis indicates the currency cross is trending higher within an ascending channel, signaling a bullish bias.
The near-term bias is bullish as the EUR/JPY cross holds above both the nine-day period and 50-period Exponential Moving Averages (EMAs), respectively. The alignment of the shorter EMA above the longer one suggests an underlying upward trend, while the Relative Strength Index (RSI) at 61.38 points to firm but not yet overstretched bullish momentum as the pair edges toward overhead levels.
The EUR/JPY cross may retest immediate resistance near the upper boundary of the ascending channel around 185.70. A break above the channel would reinforce the bullish outlook and open the door toward the all-time high of 186.88, recorded on January 23.
On the downside, initial support is seen at the nine-day EMA of 184.52. A move below this level could weaken the bullish bias, exposing the 50-day EMA at 183.64, followed by the channel’s lower boundary around 183.00.
EUR/JPY: Daily Chart
(The technical analysis of this story was written with the help of an AI tool.)
Euro Price Today
The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the strongest against the Japanese Yen.
USD
EUR
GBP
JPY
CAD
AUD
NZD
CHF
USD
0.03%
0.03%
0.21%
0.06%
0.20%
-0.23%
-0.06%
EUR
-0.03%
0.02%
0.20%
0.06%
0.16%
-0.24%
-0.09%
GBP
-0.03%
-0.02%
0.17%
0.02%
0.14%
-0.27%
-0.10%
JPY
-0.21%
-0.20%
-0.17%
-0.16%
-0.03%
-0.46%
-0.28%
CAD
-0.06%
-0.06%
-0.02%
0.16%
0.14%
-0.29%
-0.12%
AUD
-0.20%
-0.16%
-0.14%
0.03%
-0.14%
-0.40%
-0.24%
NZD
0.23%
0.24%
0.27%
0.46%
0.29%
0.40%
0.16%
CHF
0.06%
0.09%
0.10%
0.28%
0.12%
0.24%
-0.16%
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent EUR (base)/USD (quote).
Silver price (XAG/USD) trades calmly near $74.00 during the late Asian trading session on Thursday. The white metal struggles for direction amid uncertainty surrounding the first round of talks on a permanent ceasefire between the United States (US) and Iran in Pakistan on Saturday.
On late Wednesday, White House press secretary Karoline Leavitt stated that US President Donald Trump will send Vice President (VP) JD Vance-led team in Pakistan on Saturday to discuss the 10-point peace proposal shared by Iran as demands for a permanent ceasefire.
Ahead of US-Iran talks, Iran’s parliament speaker and chief negotiator, Mohammad Bagher Qalibaf has criticized the US, through a post on X, for violating three clauses of the 10-point proposal. Qalibaf alleged the US for attacking Lebanon, referring the first clause, which is “an immediate ceasefire everywhere, including Lebanon and other regions, effective immediately”.
The Silver price remained under pressure in the past few weeks, as oil prices gained sharply due to the closure of the Strait of Hormuz by Iran, as part of retaliation against military actions from the US and Israel.
Higher oil prices had prompted traders to raise hawkish bets for global central banks; however, they have eased significantly, following the announcement of the two-week ceasefire between the US and Iran.
According to the CME FedWatch tool, traders see a 76.4% chance that the Fed will keep interest rates steady this year, a sharp turnaround from expectations of two interest rate hikes built during the war.
Rising hopes of tight monetary conditions by the Fed bode poorly for non-yielding assets, such as Silver.
Silver technical analysis
XAG/USD trades almost flat at around $74.00 as of writing, maintaining a bearish near-term bias as it holds beneath the 20-period Exponential Moving Average (EMA) at $74.89. The metal continues to consolidate near recent lows, with the modestly soft 14-day Relative Strength Index (RSI) around 46 suggesting subdued bullish momentum and leaving the path of least resistance tilted to the downside while price remains capped by the overhead EMA.
On the topside, initial resistance is defined by the 20-period EMA at $74.89, and a sustained break above this level would be needed to ease immediate downside pressure and open the way for a more meaningful recovery toward the April 2 high of $81.13. But until price reclaims the EMA, rallies are likely to be viewed as corrective within a weak short-term structure.
Looking down, the psychological level of $70.00 is the key support for the price, followed by the March 26 low of $66.70.
(The technical analysis of this story was written with the help of an AI tool.)
Silver FAQs
Silver is a precious metal highly traded among investors. It has been historically used as a store of value and a medium of exchange. Although less popular than Gold, traders may turn to Silver to diversify their investment portfolio, for its intrinsic value or as a potential hedge during high-inflation periods. Investors can buy physical Silver, in coins or in bars, or trade it through vehicles such as Exchange Traded Funds, which track its price on international markets.
Silver prices can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can make Silver price escalate due to its safe-haven status, although to a lesser extent than Gold’s. As a yieldless asset, Silver tends to rise with lower interest rates. Its moves also depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAG/USD). A strong Dollar tends to keep the price of Silver at bay, whereas a weaker Dollar is likely to propel prices up. Other factors such as investment demand, mining supply – Silver is much more abundant than Gold – and recycling rates can also affect prices.
Silver is widely used in industry, particularly in sectors such as electronics or solar energy, as it has one of the highest electric conductivity of all metals – more than Copper and Gold. A surge in demand can increase prices, while a decline tends to lower them. Dynamics in the US, Chinese and Indian economies can also contribute to price swings: for the US and particularly China, their big industrial sectors use Silver in various processes; in India, consumers’ demand for the precious metal for jewellery also plays a key role in setting prices.
Silver prices tend to follow Gold’s moves. When Gold prices rise, Silver typically follows suit, as their status as safe-haven assets is similar. The Gold/Silver ratio, which shows the number of ounces of Silver needed to equal the value of one ounce of Gold, may help to determine the relative valuation between both metals. Some investors may consider a high ratio as an indicator that Silver is undervalued, or Gold is overvalued. On the contrary, a low ratio might suggest that Gold is undervalued relative to Silver.
The Pound to Dollar exchange rate (GBP/USD) surged above 1.3400 after a ceasefire agreement in the US-Iran conflict triggered a sharp drop in oil prices and a rebound in global risk appetite.
While the weaker dollar has boosted Sterling in the short term, analysts warn that uncertainty remains high and gains could face resistance near the 1.35 level.
GBP/USD Forecasts: Jump Above 1.3400
The Pound to Dollar (GBP/USD) exchange rate jumped above the 1.3400 level in Asia on Wednesday following the announcement of a ceasefire in the US-Iran conflict.
Just ahead of President Trump’s deadline, a deal brokered by Pakistan secured a 2-week ceasefire. In return, Iran pledged to allow transit to resume through the Strait of Hormuz.
Oil prices dropped sharply and there was a surge in risk appetite with a 2.0% gain for the FTSE 100 index while the dollar posted sharp losses with the dollar index (DXY) around 98.80 from close to 100 on Tuesday.
A dip in energy prices and a decline in bond yields will alleviate pressure on the UK economy, although both metrics are worse than before the conflict started.
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UoB commented; “While the short-term rally appears overdone, there is scope for GBP to rise to 1.3480.” There is also likely to be tough resistance on any approach to the 1.3500 area.
ING noted the importance of energy prices; “Risk assets are rallying as combatants in Iran pull back from the brink. The most impactful news overnight has been Iran’s announcement that it will allow safe passage for traffic through the Strait of Hormuz during this ceasefire.”
MUFG commented; “There are a lot of uncertainties that will persist but having said that, this of course is a step in the right direction and we see this as reducing considerably, over the short-term at least, the risk of a major risk-off and with it a strengthening of the dollar.
It added; “This outcome is a clear bearish outcome for the US dollar.”
According to National Australia Bank head of FX strategy Ray Attrill; “If the strategic waterway is reopened, we could be able to consolidate the risk-on rally that we’re seeing.”
He added; “But a lot has to happen in the next 14 days. Markets still need to proceed with a degree of scepticism.”
ING commented on the dollar; DXY rallied just over 3% through March. It has gapped lower today, and a further sell-off to 98.50 looks possible. However, there remains too much uncertainty to expect a full unwind of the March rally, and it is therefore premature to call for a break under 98.00.”
Rabobank noted the wide range of potential outcomes; “In terms of our macro and market scenarios, the latest news leans towards our base case of fighting being over by mid-April with a slow Hormuz reopening – and on US terms. Obviously, if this pause instead leads to more fighting, we move towards our other, more damaging scenarios.”
ING added; “Don’t expect a complete reversal of March trends, however.”
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The domestic coffee market this morning, April 9, recorded green again after a series of consecutive declines.
According to surveys in key growing areas of the Central Highlands, coffee prices simultaneously increased from 600 to 700 VND/kg, bringing the average price level of the whole region to the threshold of 85,900 VND/kg.
In Dak Nong province (old), the purchase price recorded an increase of 700 VND, pushing the price to the highest level in the region at 86,000 VND/kg.
Dak Lak and Gia Lai localities both had an increase of 600 VND, currently trading stably at the 85,800 VND/kg mark.
In Lam Dong province alone, coffee prices also recovered by 600 VND, currently listed at 85,300 VND/kg.
World coffee prices
On the international market, futures exchanges also recorded positive changes in last night’s trading session. The New York Stock Exchange led the upward momentum when the price of Arabica futures for May 2026 surged 7.95 cents (equivalent to 2.78%), closing at 294.05 cents/lb.
At the same time, the London exchange also witnessed the Robusta flush recover slightly by an additional 13 USD (equivalent to 0.39%), closing the session at 3,328 USD/ton. The main driving force for the coffee price to break through came from the fact that the Brazilian Real unexpectedly increased sharply to the highest level in 23 months against the USD. The strengthening of the Brazilian domestic currency has directly limited export sales activities from farmers in this country, and at the same time triggered a wave of short buys from speculative funds on the exchange.
Market outlook
In addition to the exchange rate factor, the market also received support from reports of a decrease in actual supply. The Brazilian Ministry of Commerce has just released data showing that coffee exports of this country in March decreased by 31% compared to the same period last year, reaching only about 151,000 tons.
For the Robusta line, the inventory shortage monitored by the ICE exchange continued to tighten when it fell to its lowest level in 3.75 months, with only 4,005 lots left. This information has temporarily eased the oversupply pressure that has weighed heavily on the market for the past two weeks.
However, the recovery momentum still faces major resistance from long-term macroeconomic forecasts. StoneX organization gave a cautious assessment when saying that the global coffee surplus in 2026 will expand to 10 million bags, marking the largest surplus in the last 6 years.
The prospect of a “super crop” in Brazil with expected output reaching a record 75.9 million bags from Marex Group Plc is still the main factor holding back Arabica prices. In Vietnam, the growth momentum of coffee exports in the first quarter reached 14% (equivalent to 585,000 tons) is also a barrier that prevents Robusta prices from breaking through too strongly.
In the current context, geopolitical and weather factors still play a role as price supporting variables. The continued closure of the Strait of Hormuz is still putting pressure on shipping costs, insurance and fuel costs for global roasters.
In addition, rainfall in key farming areas of Brazil such as Minas Gerais last week only reached 47% of the historical average, raising concerns about actual yield compared to theoretical figures on paper.
The actual price at the purchasing yards may differ depending on the quality of the seeds and the actual transaction agreement.
The USD/JPY pair trades 0.9% lower to near 158.20 during the European trading session on Wednesday. The pair faces intense selling pressure as the US Dollar (USD) underperforms across the board, following the announcement of a two-week ceasefire between the United States (US) and Iran.
US Dollar Price Today
The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the weakest against the New Zealand Dollar.
USD
EUR
GBP
JPY
CAD
AUD
NZD
CHF
USD
-0.84%
-0.96%
-0.89%
-0.28%
-1.22%
-1.62%
-1.27%
EUR
0.84%
-0.14%
-0.06%
0.55%
-0.36%
-0.82%
-0.45%
GBP
0.96%
0.14%
0.06%
0.70%
-0.21%
-0.66%
-0.31%
JPY
0.89%
0.06%
-0.06%
0.61%
-0.30%
-0.72%
-0.38%
CAD
0.28%
-0.55%
-0.70%
-0.61%
-0.91%
-1.32%
-0.99%
AUD
1.22%
0.36%
0.21%
0.30%
0.91%
-0.42%
-0.09%
NZD
1.62%
0.82%
0.66%
0.72%
1.32%
0.42%
0.34%
CHF
1.27%
0.45%
0.31%
0.38%
0.99%
0.09%
-0.34%
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote).
As of writing, the US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, is down 0.75% to near 98.75.
Earlier in the day, US President Donald Trump announced that he had suspended planned attacks on Iranian civilian infrastructure for two weeks, as Tehran agreed to the reopening of the Strait of Hormuz, a passage to almost 20% of global energy supply.
Meanwhile, disappeared hawkish Federal Reserve (Fed) bets due to anchoring global inflation expectations, following a temporary truce between the US and Iran, have also weighed on the US Dollar.
According to the CME FedWatch tool, traders have priced out hopes of an interest rate hike this year, a sharp turnaround from expectations of two hikes built after the war started.
USD/JPY technical analysis
USD/JPY plummets to near 158.20 during the day. The near-term trend of the pair has turned bearish, following a breakdown of the Symmetrical Triangle formation on a four-hour timeframe. Price now holds below the broken ascending support line from 157.46, reinforcing the loss of upside structure, while the 200-period EMA near 158.40 caps intraday rebounds as dynamic resistance.
The 14-day Relative Strength Index (RSI) has dropped to 28, entering oversold territory and signaling strong bearish momentum, though stretched conditions could slow immediate downside extension.
Initial resistance emerges at the confluence of the 200-period EMA and former support trend-line area around 158.40, with the descending trend line adding another barrier closer to 159.00. A recovery through 159.00 would open 159.60 as the next resistance band and neutralize the current downside pressure.
On the downside, minor support is seen at 157.50, and a clear break below this would confirm a deeper bearish phase toward 157.00. Oversold RSI suggests that any bounce into 158.40–159.00 is likely to be treated as a selling area while price holds below the descending trend line.
(The technical analysis of this story was written with the help of an AI tool.)
Risk sentiment FAQs
In the world of financial jargon the two widely used terms “risk-on” and “risk off” refer to the level of risk that investors are willing to stomach during the period referenced. In a “risk-on” market, investors are optimistic about the future and more willing to buy risky assets. In a “risk-off” market investors start to ‘play it safe’ because they are worried about the future, and therefore buy less risky assets that are more certain of bringing a return, even if it is relatively modest.
Typically, during periods of “risk-on”, stock markets will rise, most commodities – except Gold – will also gain in value, since they benefit from a positive growth outlook. The currencies of nations that are heavy commodity exporters strengthen because of increased demand, and Cryptocurrencies rise. In a “risk-off” market, Bonds go up – especially major government Bonds – Gold shines, and safe-haven currencies such as the Japanese Yen, Swiss Franc and US Dollar all benefit.
The Australian Dollar (AUD), the Canadian Dollar (CAD), the New Zealand Dollar (NZD) and minor FX like the Ruble (RUB) and the South African Rand (ZAR), all tend to rise in markets that are “risk-on”. This is because the economies of these currencies are heavily reliant on commodity exports for growth, and commodities tend to rise in price during risk-on periods. This is because investors foresee greater demand for raw materials in the future due to heightened economic activity.
The major currencies that tend to rise during periods of “risk-off” are the US Dollar (USD), the Japanese Yen (JPY) and the Swiss Franc (CHF). The US Dollar, because it is the world’s reserve currency, and because in times of crisis investors buy US government debt, which is seen as safe because the largest economy in the world is unlikely to default. The Yen, from increased demand for Japanese government bonds, because a high proportion are held by domestic investors who are unlikely to dump them – even in a crisis. The Swiss Franc, because strict Swiss banking laws offer investors enhanced capital protection.
World gasoline and oil prices fluctuated sharply. At the end of yesterday’s trading session, WTI oil prices decreased by 16.41%, and Brent oil decreased by 13.29%.
By this morning’s session, both oil commodities reversed to increase. At 7:30 am (Vietnam time), WTI crude oil price was at 97.04 USD/barrel, up 2.63 USD/barrel, equivalent to an increase of 2.79 percent. WTI oil closed the previous trading session at 94.41 USD/barrel and opened today’s session at 96.63 USD/barrel.
Brent oil price was at 97.10 USD/barrel, up 0.715 USD/barrel, equivalent to an increase of 0.74%. Brent oil price closed the previous trading session at 96.30 USD/barrel and opened today’s session at 96.40 USD/barrel.
According to analysts, developments related to the Strait of Hormuz are causing strong fluctuations in world oil prices.
After President Donald Trump announced a 2-week postponement of Iran’s civilian infrastructure attack plan, oil prices fluctuated sharply. This move was described by him as part of a “two-way ceasefire agreement”, depending on Iran reopening the Strait of Hormuz.
The US has received a 10-point proposal from Tehran, which is seen as the basis for negotiations, and emphasized the delay to create more time to complete a potential agreement. Iran agreed to reopen the Strait of Hormuz temporarily if hostilities are stopped, with transportation activities coordinated by its armed forces. Israel is also said to have accepted this agreement.
Previously, the near-closure of the Strait of Hormuz – a shipping route transporting about 20% of global oil supplies – had significantly disrupted the energy market.
Domestic gasoline prices today
On April 9, retail gasoline and oil prices according to the price list announced by Petrolimex in region 1 and region 2 are as follows:
Domestic gasoline and oil prices on April 9 according to the price list announced by Petrolimex
Gasoline and oil discount today
– Hoang Trong General Trading Co., Ltd.:
+ Hai Linh Warehouse, Petec, Dinh Vu: Diesel Oil 0.05S: 8,000 VND/liter; RON 95 – III gasoline: 3,000 VND/liter.
+ Bac Ninh Warehouse: Diesel Oil 0.05S: 7,850 VND/liter; RON 95 – III gasoline: 2,850 VND/liter.
+ Nghi Son Warehouse: Diesel Oil 0.05S: 8,000 VND/liter; RON 95 – III gasoline: 3,000 VND/liter.
– Tu Luc Petroleum Joint Stock Company 1:
+ Diesel oil 0.05S – II: 5,500 VND/liter;
+ Diesel oil 0.001S-V: 5,200 VND/liter;
+ RON 95 – III gasoline: 1,500 VND/liter;
+ E5 gasoline: 1,500 VND/liter.
– MIPEC Petroleum Trading and Trading Co., Ltd. – MIPEC Petro (applied to the Northern region):
+ RON 95 – III gasoline: 1,500 VND/liter.
+ Diesel oil 0.05S-II: 1,500 VND/liter.
+ Diesel oil 0.05S: 13,000 VND/liter.
Domestic gasoline and oil price forecast for the next period
According to a representative of a gasoline and oil business, domestic gasoline and oil prices will fluctuate according to the world gasoline and oil situation. According to current market developments, it is predicted that in the next price adjustment period, retail gasoline and oil prices may decrease. In which, oil prices are forecast to decrease very sharply.
Today’s gasoline and oil prices are for reference only and may change according to market developments.
Refer to more articles about gasoline and oil prices HERE.
The EURJPY pair renewed the positive attempts since yesterday, due to the continuation of providing positive momentum by the main indicators by its rally above the initial resistance at 184.80, to test the barrier at 185.45 to bounce directly to settle near 184.90.
The price might be forced to provide mixed trading by its stability below 184.45, and there is a chance for forming bearish waves to target 184.20 and 183.70 level, while its success to surpass the barrier at 185.45 will open the way for forming strong bullish waves, to expect reaching 186.00 initially, reaching 186.65.
The expected trading range for today is between 184.40 and 185.45
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The EURJPY pair renewed the positive attempts since yesterday, due to the continuation of providing positive momentum by the main indicators by its rally above the initial resistance at 184.80, to test the barrier at 185.45 to bounce directly to settle near 184.90.
The price might be forced to provide mixed trading by its stability below 184.45, and there is a chance for forming bearish waves to target 184.20 and 183.70 level, while its success to surpass the barrier at 185.45 will open the way for forming strong bullish waves, to expect reaching 186.00 initially, reaching 186.65.
The expected trading range for today is between 184.40 and 185.45
