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USDJPY Technical Analysis – Risk off returns amid disappointing headlines
The USDJPY rolled back to the recent lows amid disappointing headlines on the tariff negotiations front. What’s next?
JPY
USD

Nomura cuts China 2025 GDP growth forecast to 4% from 4.5% previously
Nomura the latest to join the bandwagon
CNY

This Dutch Exchange Debuts First EU-Regulated Crypto Perpetuals, Targets Retail Traders Next
One Trading has introduced the European Union's first MiFID II-regulated trading venue for crypto perpetual futures, initially for institutional investors with plans to extend access to eligible re...
One Trading
crypto
europe

OKX Legally Launches US Crypto Exchange Only 2 Months After $505M Settlement
Seychelles-based OKX has legally launched a centralised crypto exchange in the United States, less than two months after settling with the Justice Department by paying $504 million for previously o...

India Gold price today: Gold hits lifetime highs on renewed US Dollar weakness
Fears of the US-China trade war escalation and its impact on the US economy remain unabated, driving a fresh leg down in the US Dollar.
Gold
India
Commodities
TradeWar

What are the main events for today?
The highlights include the US Retail Sales report and the BoC Policy Decision, but the focus remains on tariff negotiations
market overview

EUR/GBP holds positive ground above 0.8550 after UK CPI inflation data
The EUR/GBP cross gains momentum to near 0.8565 during the early European session on Wednesday. The Pound Sterling (GBP) weakens against the Euro (EUR) after the UK Consumer Price Index (CPI) inflation report.
Crosses
UnitedKingdom
CPI
EURGBP
Macroeconomics

Eurostoxx futures -1.6% in early European trading
The risk mood goes back on the defensive today
Stocks


Nvidia Set for $5.5B Tariff Hit as Chinese Market for H20 Chips Dies
Chip giant Nvidia warns of a massive Q1 blow from U.S. tariffs, as Chinese demand for their H20 AI chip dies—and the wider tech sector might be next.
nvidia
AI
Trump Tariffs

FX option expiries for Apr 16 NY cut
FX option expiries for Apr 16 NY cut at 10:00 Eastern Time via DTCC can be found below.
Currencies
Options

Dollar comes under pressure again as risk mood gets unsettled
The greenback is down across the board going into the session ahead
USD

USD/CHF drops to mid-0.8100s, back closer to multi-year low on weaker USD
The USD/CHF pair attracts fresh sellers during the Asian session on Wednesday and erodes a major part of the previous day's modest recovery gains.
Currencies
TradeWar
Fed
RetailSales
USDCHF


USD/CAD Price Forecast: Breaks below 1.3950 as bearish bias prevails
The USD/CAD pair slips slightly after posting gains in the previous session, trading near 1.3940 during Wednesday’s Asian session. Technical analysis on the daily chart indicates a prevailing bearish trend as the pair continues to move lower within a descending channel.
Technical Analysis
Canada
USDCAD
Majors

Risk mood shaken up ahead of European trading
Tech shares under pressure as US moves to ban Nvidia from selling H20 chips to China
market overview

Gold price retreats after hitting fresh all-time peak; back below $3,300 ahead of Powell's speech
Gold price (XAU/USD) trims a part of strong intraday gains to a fresh all-time high touched during the first half of the European session and slips back below the $3,300 mark in the last hour.
TradeWar
Fed
SEO
Gold

Former FXCM Marketing Exec Ross Soodoosingh Launches Forex University
Ross Soodoosingh, a former executive at FXCM, has launched Forex University, an educational platform for traders that focuses exclusively on teaching how to trade the forex market.

ANZ downgrades China 2025 GDP forecast to 4.2% from 4.8% previously
US tariffs weigh on the outlook
CNY

EUR/USD rises to near 1.1350 ahead of Eurozone HICP inflation data
EUR/USD is trading around 1.1340 during the Asian hours on Wednesday, rebounding after two consecutive sessions of losses.
EURUSD
Macroeconomics
Majors
Eurozone
ECB

No place like gold as US-China trade tensions continue to dominate the market landscape
Gold hits a fresh record high of $3,283 ahead of European trading
Gold

ForexLive Asia-Pacific FX news wrap NVDA $5.5bn bombshell, China data solid, BOJ May hold?
Forex news for Asian trading on Wednesday, April 16, 2025
Session wrap
Wrap Asia

Silver Price Forecast: XAG/USD edges higher to near $32.50 due to safe-haven demand
Silver price (XAG/USD) is inching higher after recent losses, trading around $32.30 per troy ounce during Wednesday’s Asian session. The uptick comes as lingering uncertainty over US trade policy continues to fuel safe-haven demand for the precious metal.
Silver
Metals
Commodities
Macroeconomics
XAGUSD

USD/INR tumbles ahead of US Retail Sales release, Fed’s Powell speech
The Indian Rupee (INR) trades in positive territory for the fifth consecutive day on Wednesday. The weakening of the US Dollar (USD) and the extended decline in crude oil prices eased the Indian currency’s losses.
EmergingMarkets
SEO
USDINR
India
Macroeconomics

GBP/USD extends rally to fresh six-month highs near 1.3250 ahead of UK CPI data
The GBP/USD pair continues its winning streak that began on April 8, trading around 1.3250 during Wednesday’s Asian session. Earlier in the day, it touched a fresh six-month high at 1.3256.
UnitedKingdom
Majors
Macroeconomics
GBPUSD

AUD/JPY keeps the red below mid-90.00s after mostly upbeat Chinese macro data
The AUD/JPY cross drifts lower during the Asian session on Wednesday and moves away from over a one-week high, around the 91.40 region touched the previous day. Spot prices stick to negative bias below the mid-90.00s and move little in reaction to mostly upbeat Chinese macro releases.
AUDJPY
China
GDP
TradeWar
Currencies

China's fighting words on Trump's tariffs - world economic order has been severely damaged
US tariffs will not change the long-term improving trend in China’s economy
China

Japanese Yen retests multi-month high against USD; bulls retain control amid rising trade tensions
The Japanese Yen (JPY) jumps back closer to a multi-month high against its American counterpart heading into the European session on Wednesday and seems poised to appreciate further.
Recession
TradeWar
BOJ
SEO
USDJPY

Australian Dollar receives support from improved global risk mood, US Retail Sales eyed
The Australian Dollar (AUD) extends its winning streak against the US Dollar (USD) for a sixth consecutive session on Wednesday, with the AUD/USD pair holding firm after the release of Australia’s Westpac Leading Index.
China
SEO
Majors
AUDUSD
Macroeconomics

UK CPI inflation falls to 2.6% YoY in March vs. 2.7% forecast
The United Kingdom (UK) annual headline Consumer Price Index (CPI) rose 2.6% in March after increasing 2.8% in February, the data released by the Office for National Statistics (ONS) showed on Wednesday.
SEO
UnitedKingdom
Inflation
EconomicIndicator
GBPUSD

NZD/USD attracts some buyers above 0.5900 as China’s economy grows 5.4% YoY in Q1
The NZD/USD pair holds positive ground around 0.5905 during the Asian trading hours on Wednesday. The Kiwi strengthens against the US Dollar (USD) after the upbeat Chinese economic data.
Majors
NZDUSD
Macroeconomics

China’s NBS: External environment more complex and serious
Following the publication of the high-impact China’s first-quarter growth and December activity data, the National Bureau of Statistics (NBS) expressed its outlook on the economy during its press conference on Wednesday.
GDP
China
RetailSales
EconomicIndicator
AUDUSD

China Industrial Output March 2025 surges to +7.7% y/y (expected 5.8%, prior +5.9%)
Retail Sales beat too, +5.9% y/y (expected +4.2%, prior +4.0%)
China Stock Market
China

Breaking: China’s economy expands 5.4% YoY in Q1 2025 vs. 5.1% expected
China’s economy expanded at an annual rate of 5.4% in the first quarter (Q1) of 2025, at the same pace seen in the final quarter of last year, the official data published by the National Bureau of Statistics (NBS) showed on Wednesday. Data beat the market forecast of 5.1% in the reported period.
Breaking
GDP
China
EconomicIndicator
AUDUSD

Tesla's plans to ship Cybercab & Semi electric truck parts from China to US suspended
Due to escalating tariffs imposed by Trump
SPX
China
Nasdaq Technical Analysis

China March new home prices -0.08% m/m (prior -0.1%) and -4.6% y/y (prior -4.8%)
Marginal improvement? A tiny bit less bad at least.
China Stock Market
China

WTI drifts lower below $61.00 amid uncertainty on Trump trade war
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $60.80 during the early Asian session on Wednesday. The WTI price remains on the defensive as traders continue to assess the latest headlines on US President Donald Trump's tariff.
Oil
WTI
Commodities
Macroeconomics

Breaking: Gold price hits an all-time high near $3,275
The Gold price (XAU/USD) extends the rally and reached a record high near $3,275 per troy ounce during the early Asian session on Wednesday.
XAUUSD
Breaking
Gold
Commodities
Macroeconomics

PBOC sets USD/CNY reference rate at 7.2133 vs. 7.2096 previous
On Wednesday, the People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.2133 as compared to the previous day's fix of 7.2096 and 7.3272 Reuters estimate.
Currencies
CentralBanks
USDCNY
PBOC