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WTI climbs back closer to mid-$61.00s; upside potential seems limited
WTI climbs back closer to mid-$61.00s; upside potential seems limited
West Texas Intermediate (WTI) US Crude Oil prices attract some buyers on Tuesday following the previous day's US tariffs-led volatile price swings and currently trade just below mid-$61.00s, up over 1% for the day.
Oil
Commodities
TradeWar
Recession
WTI
USD/INR edges higher amid Trump’s tariff fallout
USD/INR edges higher amid Trump’s tariff fallout
The Indian Rupee (INR) declines on Tuesday, erasing all its gains of 2025. Fears over global trade tensions escalated after China implemented retaliatory tariffs on US goods. The heightened uncertainty has triggered risk-off sentiment, leading to outflows from emerging markets, including India.
EmergingMarkets
SEO
USDINR
India
Macroeconomics
Chinese stocks higher as state support lifts sentiment
Chinese stocks higher as state support lifts sentiment
State-owned investment firms have stepped up purchases of A-shares
China Stock Market
Japanese Yen remains on the front foot against broadly weaker USD
Japanese Yen remains on the front foot against broadly weaker USD
The Japanese Yen (JPY) sticks to its positive bias against a broadly weaker US Dollar (USD) and keeps the USD/JPY pair depressed below mid-147.00s heading into the European session on Tuesday.
Recession
TradeWar
BOJ
SEO
USDJPY
China’s Commerce Ministry: Will never accept the “blackmail nature” of the US
China’s Commerce Ministry: Will never accept the “blackmail nature” of the US
The Chinese Commerce Ministry issued a statement on Tuesday in response to the latest US threat to escalate tariffs on China.
China
TradeWar
UnitedStates
AUDUSD
Australia business confidence (March 2025) -3.0 (prior -1.0)
Australia business confidence (March 2025) -3.0 (prior -1.0)
While business conditions, a more objective measure, come in at 4.0 (prior 3.0)
PBOC says it will provide lending support to sovereign fund to stabilize Market
PBOC says it will provide lending support to sovereign fund to stabilize Market
The People’s Bank of China (PBoC) said early Tuesday that it will provide support to a sovereign fund when needed as it firmly supports its decision to buy more stocks, per Bloomberg. 
China
CentralBanks
PBOC
Macroeconomics
PBOC sets USD/CNY reference rate at 7.2038 vs. 7.1980 previous
PBOC sets USD/CNY reference rate at 7.2038 vs. 7.1980 previous
The People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead on Tuesday at 7.2038 as compared to the previous day's fix of 7.1980 and 7.3321 Reuters estimate.
Currencies
CentralBanks
USDCNY
PBOC
China commerce ministry: China will never accept the “blackmail nature” of the US
China commerce ministry: China will never accept the “blackmail nature” of the US
China responding, with words, to Trump's threats of even higher tariffs
China
AUD/USD recovers above 0.6000 amid fears of US recession
AUD/USD recovers above 0.6000 amid fears of US recession
The AUD/USD pair recovers some lost ground to near 0.6015 during the early Asian session on Tuesday. The US Dollar (USD) edges higher against the Aussie amid concerns over a recession in the United States following US President Donald Trump's sweeping tariffs on trading partners.
AUDUSD
Majors
Macroeconomics
PBoC says it will provide lending support to China state fund Huijin if needed
PBoC says it will provide lending support to China state fund Huijin if needed
Hujin and others are beefing up stock purchases to support the market
China Stock Market
EUR/USD continues to pare brief tariff gains
EUR/USD continues to pare brief tariff gains
On Monday, EUR/USD dropped again, marking a second consecutive day of declines for Fiber and pushing bids down to the 1.0900 level. Following a short break, the US Dollar is back in control of risk-off flows, with weakening investor sentiment further strengthening the Greenback across the board.
EURUSD
TradeWar
Inflation
Politics
US Treasury Sec. Bessent: Japan's non-tariff barriers are quite high
US Treasury Sec. Bessent: Japan's non-tariff barriers are quite high
US Treasury Secretary Scott Bessent late Wednesday said late Monday that he has not yet received a trade offer from Japan. Nonetheless, Bessent expects Japan to be prioritized in negotiations due to their early approach, per Fox Business Network. 
UnitedStates
Japan
Macroeconomics
TradeWar
Fed’s Goolsbee: Significant tariff retaliation could boost inflation
Fed’s Goolsbee: Significant tariff retaliation could boost inflation
Chicago Federal Reserve Bank President Austan Goolsbee said late Monday that significant tariff retaliation could boost inflation, adding that global trade war eruption may lead to a consumer behavior shift. 
Fed
CentralBanks
Macroeconomics
GBP/USD extends backslide as safe haven trade resumes
GBP/USD extends backslide as safe haven trade resumes
GBP/USD sank again on Monday, extending Cable into a second straight trading day of declines and pushing bids back down to the 200-day Exponential Moving Average (EMA) just north of 1.2700.
TradeWar
Inflation
Politics
GBPUSD
China state investment Chengtong says will increase holdings safeguard market stability
China state investment Chengtong says will increase holdings safeguard market stability
Will increase holdings in stocks and ETFs to safeguard market stability
China Stock Market
US Chamber of Commerce considering a lawsuit to block new Trump global tariffs
US Chamber of Commerce considering a lawsuit to block new Trump global tariffs
The US Chamber of Commerce is considering bringing the tariff battle to court, and some of its largest members are urging it to do so.
TradeWar
UnitedStates
Macroeconomics
USD/CAD softens below 1.4250 as investors ramp up bets on Fed rate cuts
USD/CAD softens below 1.4250 as investors ramp up bets on Fed rate cuts
The USD/CAD pair weakens to near 1.4240, snapping the two-day winning streak during the late American session on Monday.
TradeWar
USDCAD
Majors
Macroeconomics
US Chamber of Commerce weighing a lawsuit to block new Trump global tariffs
US Chamber of Commerce weighing a lawsuit to block new Trump global tariffs
Arguing that Trump is improperly using emergency powers
Bonds
Politics
SPX
USD
USD/CHF stabilizes near 0.8600 after volatility, tariffs and recession fears support USD
USD/CHF stabilizes near 0.8600 after volatility, tariffs and recession fears support USD
 The USD/CHF begins Tuesday’s Asian session slightly lower, following a wild trading day on Monday, which saw swings within the 0.8450–0.8673 range, and ended virtually unchanged. At the time of writing, the major trades at 0.8588, down 0.02%.
Technical Analysis
Currencies
USDCHF
Fundamental Analysis
ICYMI - "Global bank chiefs hold talks over Trump tariffs crisis"
ICYMI - "Global bank chiefs hold talks over Trump tariffs crisis"
"Executives from Bank of America, Barclays and Citi were among the participants in a weekend call to discuss the unfolding chaos over President Trump's tariffs blitz, Sky News learns."
Bonds
SPX
USD
New Zealand NZIER Business Confidence (Q1 2025) 19% (vs. prior 16%)
New Zealand NZIER Business Confidence (Q1 2025) 19% (vs. prior 16%)
This is for the January - March quarter before the you know what hit the fan
NZD/USD Price Analysis: Kiwi dips toward 0.5550 as bearish momentum intensifies
NZD/USD Price Analysis: Kiwi dips toward 0.5550 as bearish momentum intensifies
The NZD/USD pair continued its slide on Monday ahead of the Asian session, with the Kiwi dipping toward the 0.5550 area.
Technical Analysis
Currencies
Majors
NZDUSD
Bessent says expects no trade deals by April 9, tariffs to hit then
Bessent says expects no trade deals by April 9, tariffs to hit then
US Treasury Secretary Bessent is one of Trump's minions
Bonds
SPX
USD
AUD/JPY Price Analysis: Aussie dips toward 88.50 as bearish momentum persists
AUD/JPY Price Analysis: Aussie dips toward 88.50 as bearish momentum persists
The AUD/JPY pair extended its soft tone on Monday ahead of the Asian session, easing toward the 88.50 area. Despite a mild daily decline, the pair remains entrenched in a broader downtrend, trading well beneath its key moving averages.
Crosses
Technical Analysis
Currencies
AUDJPY
Forexlive Americas FX news wrap: A fake headline takes the market for a ride
Forexlive Americas FX news wrap: A fake headline takes the market for a ride
Forex news for North American trading on Apr 7, 2025
Session wrap
Wrap Nth America
Silver Price Forecast: XAG/USD rebounds toward $30 as bulls defend key support
Silver Price Forecast: XAG/USD rebounds toward $30 as bulls defend key support
Silver price sellers failed to decisively clear support at $28.75 daily, and buyers stepped in near yearly lows of $28.33, pushing the grey metal’s price back above $29.80 with traders eyeing the $30.00 mark. At the time of writing, XAG/USD trades at $29.89, up 0.89%.
Technical Analysis
Silver
XAGUSD
Australian Dollar extends slump toward 0.6000 as tariff anxiety deepens in Monday trade
Australian Dollar extends slump toward 0.6000 as tariff anxiety deepens in Monday trade
The AUD/USD pair remains under sustained pressure during Monday’s American session, holding near the 0.6000 zone after a short-lived rebound in Asia.
Currencies
TradeWar
SEO
Majors
AUDUSD