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Economic calendar in Asia Monday, April 7, 2025 ... irrelevant!
Economic calendar in Asia Monday, April 7, 2025 ... irrelevant!
Asian Economic Calendar: Key Events and Consensus Expectations for 07 April 2025
economic calendar
More than 50 countries have now contacted the US for tariff talks
More than 50 countries have now contacted the US for tariff talks
Green shoots? Maybe, but there is still plenty of fertilizer to be dumped on 'em.
SPX
Nasdaq
Dealing desks will be staffed Sunday for the Trump crash reopening of US markets
Dealing desks will be staffed Sunday for the Trump crash reopening of US markets
Globex opens at 6pm Sunday US Eastern time, dealers will be at work
US Commerce Secretary Lutnick says there will be no delay in tariffs, set to begin April 9
US Commerce Secretary Lutnick says there will be no delay in tariffs, set to begin April 9
Lutnick offers a up a lame excuse for the penguin tariff f-up too
Politics
SPX
USD
NZD/USD Price Analysis: Kiwi plunges below 0.5600 as sellers extend their grip
NZD/USD Price Analysis: Kiwi plunges below 0.5600 as sellers extend their grip
The NZD/USD pair collapsed on Friday, diving toward the 0.5600 area as bearish momentum dominated the session. The pair traded deep in the red, shedding over 3% on the day and remaining mid-range between recent extremes at 0.5551 and 0.5798.
Technical Analysis
Currencies
Majors
NZDUSD
Silver Price Forecast: XAG/USD collapses over 7%, drops below $30.00
Silver Price Forecast: XAG/USD collapses over 7%, drops below $30.00
Silver price plummeted on Friday as financial market turmoil continued for the third straight day, following US President Donald Trump's decision to impose reciprocal tariffs. Consequently, China retaliated, sparking fears of a global economic slowdown.
Silver
XAGUSD
Technical Analysis
Australian Dollar collapses below 0.6050 as markets brace for RBA rate cuts
Australian Dollar collapses below 0.6050 as markets brace for RBA rate cuts
The AUD/USD pair crumbled below key psychological support during Friday’s American session, sliding toward the 0.6050 region and marking its lowest level in five years.
AUDUSD
Majors
SEO
Currencies
TradeWar
AUD/JPY Price Analysis: Heavy losses drag pair near 88.60 as bearish momentum accelerates
AUD/JPY Price Analysis: Heavy losses drag pair near 88.60 as bearish momentum accelerates
The AUD/JPY pair tumbled aggressively on Friday, retreating toward the 88.60 area after shedding over 4% during the day. The move represents one of the steepest intraday declines in recent sessions, dragging the pair away from the recent highs and into a mid-range zone between 87.41 and 92.64.
Crosses
Technical Analysis
Currencies
AUDJPY
Forexlive Americas FX news wrap 4 Apr; Better US jobs don't help markets. Stocks tumble
Forexlive Americas FX news wrap 4 Apr; Better US jobs don't help markets. Stocks tumble
Forex news for North American trading on Apr 4, 2025
Session wrap
Wrap Nth America
Major US indices are closing sharply to the downside with declines near by 5.5% – 6%
Major US indices are closing sharply to the downside with declines near by 5.5% – 6%
S&P index down nearly 6%. NASDAQ index down nearly 6% for the second consecutive day.
Dow Jones Industrial Average plummets as equities get pulverized by tariff tantrum
Dow Jones Industrial Average plummets as equities get pulverized by tariff tantrum
The Dow Jones Industrial Average (DJIA) had one of its worst trading days since the pandemic period, shedding over 2,000 points to fall over 5% on the day and putting the major equity index on pace for one of its worst-ever trading days in absolute points terms.
DowJones
TradeWar
Equities
SEO
SP500
Mexican Peso plunges as US-China trade war escalates, Powell pushes back on rate cuts
Mexican Peso plunges as US-China trade war escalates, Powell pushes back on rate cuts
The Mexican Peso (MXN) depreciates sharply against the US Dollar (USD) on Friday, erasing Thursday’s gains, which drove the exchange rate below the crucial 20.00 figure towards testing the 200-day Simple Moving Average (SMA) at 19.78.
US Dollar lifted by Nonfarm Payrolls surprise and Powell’s cautious stance
US Dollar lifted by Nonfarm Payrolls surprise and Powell’s cautious stance
The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, rises on Friday and is trading near the 103 area following a stronger-than-anticipated Nonfarm Payrolls report.
Currencies
SEO
DollarIndex
Washington Post: Trump chose the formula for the tariffs
Washington Post: Trump chose the formula for the tariffs
The formula chosen was one that Peter Navaro favored
Gold price crashed over 2.8% as Powell turn hawkish on tariffs and inflation
Gold price crashed over 2.8% as Powell turn hawkish on tariffs and inflation
Gold prices extend their drop for the second consecutive day, hitting a seven-day low of $3,023 per troy ounce, down more than 2.80% as Federal Reserve Chair Jerome Powell turned hawkish in a conference in Virginia.
Gold
XAUUSD
RiskAversion
Fed
EUR/USD cycles 1.10 after Powell pushes back on rate cut bets
EUR/USD cycles 1.10 after Powell pushes back on rate cut bets
EUR/USD churned near 1.1000 on Friday, sticking mostly flat as exhausted markets were greeted by an overly-cautious Federal Reserve (Fed) Chair Powell, who warned that inflation and recession risks thanks to tariffs will make it less, not more, likely that the Fed will cut rates sooner.
EURUSD
Fed
InterestRate
Inflation
TradeWar
EUR/USD with losses on Powell's words, bulls take a breather
EUR/USD with losses on Powell's words, bulls take a breather
During Friday’s session following the European close, the EUR/USD pair slipped back toward the 1.1000 area, surrendering part of its early-week strength.
EURUSD
Majors
Currencies
Technical Analysis
Trump indicates he is in deal mode after call with Vietnam
Trump indicates he is in deal mode after call with Vietnam
Vietnam tariffs were one of the biggest surprises this week
USD recovers but sentiment remains weak – Scotiabank
USD recovers but sentiment remains weak – Scotiabank
The impact of this week’s US tariff announcement continues to reverberate around global markets. Stocks continue to weaken, havens – bonds – remain strongly bid.
Technical Analysis
Banks
DollarIndex
S&P 500 futures down 2.4%
S&P 500 futures down 2.4%
US stock futures down 2.4%
Canada Unemployment Rate edged higher to 6.7% in March
Canada Unemployment Rate edged higher to 6.7% in March
The Unemployment Rate in Canada edged higher to 6.7% in March from 6.6% in February, Statistics Canada reported on Friday. This reading came in line with the market expectation.
Canada
Employment
EconomicIndicator
AUD/USD nosedives to near 0.6050 as RBA dovish bets swell dramatically
AUD/USD nosedives to near 0.6050 as RBA dovish bets swell dramatically
The AUD/USD pair tanks more than 3.5% below 0.6100 during early North American trading hours on Friday.
NFP
RBA
China
TradeWar
AUDUSD