Forex Outlook: New York Session – April 9, 2025
- forex368 Forex Education
- 3 days ago
- 3 min read
A Tariff-Driven Tornado
The stampede out of stocks and bonds accelerated today after President Trump ramped tariffs to century highs, spooking global markets and rattling safe-haven nerves.
US 30-year yield >5% – highest since Nov 2023
S&P 500 down 12% in a week
BoE flags rising global risk to UK stability
Safe-haven bid: Gold +2.1%, CHF and JPY catching flows
USD under pressure: dollar index -0.7%, EUR above 1.10
Markets are bracing for tonight’s FOMC minutes (7pm UK) and Thursday’s US CPI, with whispers of a May rate cut building. China hinted at dialog, but risk appetite remains wounded.
🌏 Asia + Europe Forex Session Recap
RBNZ held steady, but dovish tone weakened NZD
BOJ’s Ueda struck a cautiously hawkish note, supporting JPY
UK gilts spike, tracking the US bond rout
German coalition deal struck amid recession fears in Europe
Volatility remains elevated as bond markets unnerve equity investors. Thin liquidity in Tokyo exaggerated moves in USD/JPY and Gold early.
📉 Technical Setups – NY Session Outlook (April 9)
Bias: Bullish
Structure: Breakout above bull flag
RSI: Holding above 60
Trade Plan:
Entry: 1.1045
Stop Loss: 1.0980
TP1: 1.1100
TP2: 1.1165
TPx: 1.1225Dollar selloff + Fed rate cut expectations support upside.
Bias: Bearish
Structure: Lower highs, breakdown watch
RSI: Weak below 50
Trade Plan:
Entry: 145.1
Stop Loss: 146.2
TP1: 143.5
TP2: 142.2
TPx: 140.0BOJ tone firm, risk-off flows lifting yen. FOMC minutes a volatility risk.
Bias: Bullish
Structure: Bounce continuation off $3,000
RSI: Rebounding from 40s
Trade Plan:
Entry: 3,045
Stop Loss: 2,995
TP1: 3,090
TP2: 3,130
TPx: 3,200Gold remains bid into risk-off and weak USD backdrop. Watch $3,062 level from futures.
Bias: Neutral to Bullish
Structure: Short-term double bottom near $56
RSI: Lifting from sub-30
Trade Plan:
Entry: 57.2
Stop Loss: 55.7
TP1: 59.0
TP2: 61.0Pure technical bounce play — fundamentals still soft.
Bias: Bearish
Structure: Heavy selling, failed bounce attempts
RSI: Sub-30, momentum poor
Trade Plan:
Entry: 4,990
Stop Loss: 5,075
TP1: 4,900
TP2: 4,780
TPx: 4,620Watch volume — any relief rally likely short-lived unless bond yields stabilize.
Why These Setups Might Be Outdated When You See Them
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