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EUR/INR today: Indian Rupee cross rates edge higher at the start of the European session
EUR/INR today: Indian Rupee cross rates edge higher at the start of the European session
By Fxstreet
EUR/INR today: Indian Rupee cross rates edge higher at the start of the European session
Indian Rupee (INR) crosses trade on the front foot at the beginning of Wednesday, according to FXStreet data.
UK Preliminary Services PMI contracts to 48.9 in April vs. 51.3 expected
UK Preliminary Services PMI contracts to 48.9 in April vs. 51.3 expected
By Fxstreet
UK Preliminary Services PMI contracts to 48.9 in April vs. 51.3 expected
The seasonally adjusted S&P Global/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) eased to 44 in April from 44.9 in March. The data matched the market consensus of 44 in the reported period.
Manufacturing
UnitedKingdom
EconomicIndicator
PMI
GBPUSD
UK April flash services PMI 48.9 vs 51.5 expected
UK April flash services PMI 48.9 vs 51.5 expected
By Forex Live
UK April flash services PMI 48.9 vs 51.5 expected
Latest data release by S&P Global - 23 April 2025
AUD/JPY trades higher near 91.00 despite cautious remarks from Chinese Foreign Ministry
AUD/JPY trades higher near 91.00 despite cautious remarks from Chinese Foreign Ministry
By Fxstreet
AUD/JPY trades higher near 91.00 despite cautious remarks from Chinese Foreign Ministry
AUD/JPY snaps a three-day losing streak, trading around 90.90 during Wednesday’s European session.
Crosses
Australia
AUDJPY
Japan
Macroeconomics
China SMEI: Moderation in April – Standard Chartered
China SMEI: Moderation in April – Standard Chartered
By Fxstreet
China SMEI: Moderation in April – Standard Chartered
Headline SMEI retreated to 50.4 in April as all key sub-indices edged down from March. IT and transport services performance sub-indices fell below 50; manufacturing SMEs outperformed.
Growth
China
EconomicIndicator
Banks
Eurozone Preliminary Manufacturing PMI ticks up to 48.7 in April vs. 47.5 expected
Eurozone Preliminary Manufacturing PMI ticks up to 48.7 in April vs. 47.5 expected
By Fxstreet
Eurozone Preliminary Manufacturing PMI ticks up to 48.7 in April vs. 47.5 expected
The Eurozone manufacturing sector remained in contraction, while the service sector followed suit in April, according to data from the HCOB's latest Purchasing Managers' Index (PMI) Survey, published on Wednesday.
Manufacturing
EURUSD
Eurozone
EconomicIndicator
PMI
Palladium price today: Rare metals advance at the start of the European session
Palladium price today: Rare metals advance at the start of the European session
By Fxstreet
Palladium price today: Rare metals advance at the start of the European session
Platinum Group Metals (PGMs) trade with a positive tone at the beginning of Wednesday, according to FXStreet data.
Platinum
Palladium
Commodities
Here's why the data doesn't matter now
Here's why the data doesn't matter now
By Forex Live
Here's why the data doesn't matter now
You've probably noticed that economic data in the last three weeks hasn't been moving the markets as it used to. Here's the reason.
market overview
Eurozone April flash services PMI 49.7 vs 50.5 expected
Eurozone April flash services PMI 49.7 vs 50.5 expected
By Forex Live
Eurozone April flash services PMI 49.7 vs 50.5 expected
Latest data released by HCOB - 23 April 2025
S&P Global PMIs expected to confirm US economic pullback in April
S&P Global PMIs expected to confirm US economic pullback in April
By Fxstreet
S&P Global PMIs expected to confirm US economic pullback in April
This Wednesday, S&P Global will unveil its preliminary April Purchasing Managers’ Indices (PMIs) for the United States, drawing on surveys of senior private sector executives to offer an early read on economic momentum.
Manufacturing
EconomicIndicator
EURUSD
SEO
Pound Sterling retraces against US Dollar as fears of global trade war, Powell’s removal diminish
Pound Sterling retraces against US Dollar as fears of global trade war, Powell’s removal diminish
By Fxstreet
Pound Sterling retraces against US Dollar as fears of global trade war, Powell’s removal diminish
The Pound Sterling (GBP) recovers some of its initial losses against the US Dollar (USD) in Wednesday’s European session, still trading lower in the day around 1.3300. The GBP/USD pair pares some intraday losses as the US Dollar (USD) retraces after a sharp upside move on Wednesday.
GBPUSD
Fed
BOE
PMI
SEO
Crude Oil price today: WTI price bullish at European opening
Crude Oil price today: WTI price bullish at European opening
By Fxstreet
Crude Oil price today: WTI price bullish at European opening
West Texas Intermediate (WTI) Oil price advances on Wednesday, early in the European session. WTI trades at $64.53 per barrel, up from Tuesday’s close at $63.36.
Oil
WTI
Commodities
Bullish
German Preliminary Manufacturing PMI declines to 48 in April vs. 47.6 expected
German Preliminary Manufacturing PMI declines to 48 in April vs. 47.6 expected
By Fxstreet
German Preliminary Manufacturing PMI declines to 48 in April vs. 47.6 expected
The HCOB Manufacturing PMI in the Eurozone’s top economy dropped to 48 this month, compared with March’s 48.3, beating the estimate of 47.6. The measure flipped to a two-month low.
Manufacturing
EURUSD
Germany
EconomicIndicator
PMI
Germany April flash manufacturing PMI 48.0 vs 47.6 expected
Germany April flash manufacturing PMI 48.0 vs 47.6 expected
By Forex Live
Germany April flash manufacturing PMI 48.0 vs 47.6 expected
Latest data released by HCOB - 23 April 2025
China’s Foreign Ministry: US can't say it wants to reach a deal while exerting extreme pressure
China’s Foreign Ministry: US can't say it wants to reach a deal while exerting extreme pressure
By Fxstreet
China’s Foreign Ministry: US can't say it wants to reach a deal while exerting extreme pressure
Responding to US President Donald Trump’s comment regarding a trade deal with China, the Chinese Foreign Ministry said that “the US can't say it wants to reach an agreement with China and on the other hand, keeps exerting extreme pressure.”
China
TradeWar
UnitedStates
AUDUSD
France April flash services PMI 46.8 vs 47.6 expected
France April flash services PMI 46.8 vs 47.6 expected
By Forex Live
France April flash services PMI 46.8 vs 47.6 expected
Latest data released by HCOB - 23 April 2025
NZD/USD Price Forecast: Bounces off 0.5950 near ascending channel’s lower boundary
NZD/USD Price Forecast: Bounces off 0.5950 near ascending channel’s lower boundary
By Fxstreet
NZD/USD Price Forecast: Bounces off 0.5950 near ascending channel’s lower boundary
The NZD/USD pair recovers its recent losses registered in the previous session, trading around 0.6000 during early European trading hours on Wednesday. Technical analysis on the daily chart indicates a bullish bias, with the formation of an ascending channel pattern.
Technical Analysis
Majors
NZDUSD
BoJ: Japan's financial system has been maintaining stability on the whole
BoJ: Japan's financial system has been maintaining stability on the whole
By Fxstreet
BoJ: Japan's financial system has been maintaining stability on the whole
The Bank of Japan (BoJ) published its Financial System Report on Wednesday, noting that “Japan's financial system has been maintaining stability on the whole.”
BOJ
CentralBanks
USDJPY
Forex Today: US Dollar consolidates recovery gains, attention shifts to PMI data
Forex Today: US Dollar consolidates recovery gains, attention shifts to PMI data
By Fxstreet
Forex Today: US Dollar consolidates recovery gains, attention shifts to PMI data
Here is what you need to know on Wednesday, April 23:
Currencies
Majors
EconomicIndicator
Commodities
Macroeconomics
EUR/GBP tumbles to near 0.8550 ahead of Eurozone/UK PMI data
EUR/GBP tumbles to near 0.8550 ahead of Eurozone/UK PMI data
By Fxstreet
EUR/GBP tumbles to near 0.8550 ahead of Eurozone/UK PMI data
The EUR/GBP cross trades in the negative territory near 0.8550 during the early European session on Wednesday. The dovish stance of the European Central Bank (ECB) weighs on the Euro (EUR) against the Pound Sterling.
Crosses
EURGBP
Macroeconomics
What are the main events for today?
What are the main events for today?
By Forex Live
What are the main events for today?
The highlights include Flash PMIs and central bank speakers, but the focus remains on tariff related news
market overview
Eurostoxx futures +1.6% in early European trading
Eurostoxx futures +1.6% in early European trading
By Forex Live
Eurostoxx futures +1.6% in early European trading
A more positive mood after the Wall Street gains
Stocks
FX option expiries for Apr 23 NY cut
FX option expiries for Apr 23 NY cut
By Fxstreet
FX option expiries for Apr 23 NY cut
FX option expiries for Apr 23 NY cut at 10:00 Eastern Time via DTCC can be found below.
Currencies
Options
NZDUSD
It's a question of when and not if the market rhetoric will turn again
It's a question of when and not if the market rhetoric will turn again
By Forex Live
It's a question of when and not if the market rhetoric will turn again
Policy consistency and coherence are things that haven't been a pillar of Trump's tariffs war
market overview
GBP/USD trades lower around 1.3300, retreats from seven-month highs due to US optimism
GBP/USD trades lower around 1.3300, retreats from seven-month highs due to US optimism
By Fxstreet
GBP/USD trades lower around 1.3300, retreats from seven-month highs due to US optimism
GBP/USD extended its losses during Wednesday’s Asian session, trading around 1.3300 after pulling back from a seven-month high of 1.3424 recorded in the previous session.
UnitedKingdom
Majors
Macroeconomics
GBPUSD
USD/CHF Price Forecast: Outlook remains bearish below 0.8250
USD/CHF Price Forecast: Outlook remains bearish below 0.8250
By Fxstreet
USD/CHF Price Forecast: Outlook remains bearish below 0.8250
The USD/CHF pair drifts higher to near 0.8225 during the early European session on Wednesday, bolstered by the renewed US Dollar (USD) demand. Hope for the US-China trade deal provides a boost for investors.
Majors
USDCHF
Macroeconomics
And round and round we go..
And round and round we go..
By Forex Live
And round and round we go..
Trump backs down to provide some relief for US markets
market overview
EUR/USD Price Forecast: Bounces off 1.1300 neighborhood; shows resilience below 23.6% Fibo.
EUR/USD Price Forecast: Bounces off 1.1300 neighborhood; shows resilience below 23.6% Fibo.
By Fxstreet
EUR/USD Price Forecast: Bounces off 1.1300 neighborhood; shows resilience below 23.6% Fibo.
The EUR/USD pair attracts some follow-through selling for the second straight day on Wednesday and drops to a one-week low during the Asian session. Spot prices, however, rebound a few pips from the 1.1300 neighborhood and currently trade around the 1.1380 region, still down over 0.35% for the day.
EURUSD
Fed
RiskAppetite
Technical Analysis
Currencies
India Gold price today: Gold falls, according to FXStreet data
India Gold price today: Gold falls, according to FXStreet data
By Fxstreet
India Gold price today: Gold falls, according to FXStreet data
Gold prices fell in India on Wednesday, according to data compiled by FXStreet.
Gold
Commodities
Metals
India
Silver Price Forecast: XAG/USD holds position above $32.50 despite easing Fed concerns
Silver Price Forecast: XAG/USD holds position above $32.50 despite easing Fed concerns
By Fxstreet
Silver Price Forecast: XAG/USD holds position above $32.50 despite easing Fed concerns
Silver price (XAG/USD) retraces its recent losses from the previous session, trading around $32.70 per troy ounce during the Asian hours on Wednesday. However, prices of grey metal faced headwinds as investor optimism grew over the Federal Reserve's (Fed) independence.
Silver
Metals
Commodities
Macroeconomics
XAGUSD
EUR/JPY hangs near daily low, below 162.00 as traders eye Eurozone PMIs for fresh impetus
EUR/JPY hangs near daily low, below 162.00 as traders eye Eurozone PMIs for fresh impetus
By Fxstreet
EUR/JPY hangs near daily low, below 162.00 as traders eye Eurozone PMIs for fresh impetus
The EUR/JPY cross struggles to capitalize on its modest Asian session gains and attracts some intraday sellers in the vicinity of mid-162.00s on Wednesday.
RiskAppetite
Currencies
BOJ
EURJPY
PMI
Gold price touches fresh weekly low, below $3,300 amid easing US-China trade tensions
Gold price touches fresh weekly low, below $3,300 amid easing US-China trade tensions
By Fxstreet
Gold price touches fresh weekly low, below $3,300 amid easing US-China trade tensions
Gold price (XAU/USD) extends its steady intraday descent through the first half of the European session and momentarily slips below the $3,300 mark in the last hour as the upbeat market mood conditions undermine demand for safe-haven assets.
RiskAppetite
Fed
SEO
Gold
Commodities
WTI extends gains to near $64.00 on Iran sanctions, falling US inventories
WTI extends gains to near $64.00 on Iran sanctions, falling US inventories
By Fxstreet
WTI extends gains to near $64.00 on Iran sanctions, falling US inventories
West Texas Intermediate (WTI) Oil price extends its rally for a second straight session, trading around $63.90 per barrel during Asian hours on Wednesday. The continued rise in Oil prices comes amid fresh United States (US) sanctions on Iran and signs of tightening supply.
Oil
WTI
Macroeconomics
Commodities
Majors
ForexLive Asia-Pacific FX news wrap: Trump 'won't fire Powell' comment: Equities & USD up
ForexLive Asia-Pacific FX news wrap: Trump 'won't fire Powell' comment: Equities & USD up
By Forex Live
ForexLive Asia-Pacific FX news wrap: Trump 'won't fire Powell' comment: Equities & USD up
Forex news for Asian trading on Apr 23, 2025
Session wrap
Wrap Asia
USD/INR gains traction as traders await US PMI release
USD/INR gains traction as traders await US PMI release
By Fxstreet
USD/INR gains traction as traders await US PMI release
The Indian Rupee (INR) edges lower on Wednesday as rising crude oil prices and a renewed US Dollar (USD) demand weigh on sentiment and drag the Indian currency lower. The terrorist attack in Kashmir, India, contributes to the INR's downside.
EmergingMarkets
SEO
USDINR
India
Macroeconomics
USD/CAD trades higher near 1.3850 due to potential de-escalation of ongoing tariff dispute
USD/CAD trades higher near 1.3850 due to potential de-escalation of ongoing tariff dispute
By Fxstreet
USD/CAD trades higher near 1.3850 due to potential de-escalation of ongoing tariff dispute
USD/CAD edges higher, rebounding from two consecutive sessions of losses, and is trading near 1.3830 during Asian hours on Wednesday.
Canada
Oil
USDCAD
Majors
Macroeconomics
Japanese Yen climbs to the top end of its daily range against USD; bullion potential seems intact
Japanese Yen climbs to the top end of its daily range against USD; bullion potential seems intact
By Fxstreet
Japanese Yen climbs to the top end of its daily range against USD; bullion potential seems intact
The Japanese Yen (JPY) recovers early lost ground to a one-week trough touched against its American counterpart earlier this Wednesday and climbs to the top end of the daily range heading into the European session.
RiskAppetite
TradeWar
BOJ
SEO
USDJPY