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EUR/USD edges higher amid flat momentum – OCBC
EUR/USD edges higher amid flat momentum – OCBC
Euro (EUR) ticked higher vs US Dollar (USD) and was last seen at 1.1044 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
Technical Analysis
EURUSD
TradeWar
Banks
China can raise their tariffs but so what? - Bessent
China can raise their tariffs but so what? - Bessent
US Treasury secretary, Scott Bessent, speaks to Fox Business
USD/JPY: Short squeeze soon? – OCBC
USD/JPY: Short squeeze soon? – OCBC
USD/JPY dipped this morning. Safe-haven demand was the main catalyst while UST-JGB yield differentials also narrowed. Pair was last at 144.74 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note, OCBC's FX analysts Frances Cheung and Christopher Wong note.
Technical Analysis
USDJPY
Banks
USD/CAD tumbles below 1.4200 as US Dollar dives amid US recession fears
USD/CAD tumbles below 1.4200 as US Dollar dives amid US recession fears
The USD/CAD pair falls sharply to near 1.4180 during European trading hours on Wednesday. The Loonie pair faces an intense sell-off as the US Dollar (USD) takes bullet for United States (US) President Donald Trump raising import duty on China to 104%.
Canada
TradeWar
Fed
USDCAD
UnitedStates
China premier Li: We are prepared to deal with uncertainties
China premier Li: We are prepared to deal with uncertainties
Remarks by China premier, Li Qiang, via state media
Oil continues to crater in the wake of a US-China trade war
Oil continues to crater in the wake of a US-China trade war
WTI crude dips to $56, its lowest since February 2021
US Dollar drops while President Trump says markets to be cool
US Dollar drops while President Trump says markets to be cool
The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, extends the previous day’s correction and hovers around 102.00 at the time of writing on Wednesday.
TradeWar
UnitedStates
SEO
Macroeconomics
DollarIndex
Brent falls below key 2024 support – Societe Generale
Brent falls below key 2024 support – Societe Generale
Brent crude has extended its decline after breaching key support levels from earlier in 2024. While momentum indicators suggest the move is stretched, signs of a significant rebound remain elusive, Societe Generale's FX analysts report.
Oil
Brent
Banks
Euro shows unexpected safe haven strength – Rabobank
Euro shows unexpected safe haven strength – Rabobank
Following President Trump's tariff announcement, the euro has shown surprising resilience, acting more like a safe haven currency alongside the Swiss franc and Japanese yen.
Technical Analysis
EURUSD
Banks
Fundamental Analysis
Breaking: China announces additional 84% tariffs on US goods from April 10
Breaking: China announces additional 84% tariffs on US goods from April 10
China's Finance Ministry said on Wednesday that they will impose additional 84% tariffs on US imports from April 10, per Reuters, up from the 34% previously announced.
Breaking
China announces additional 84% tariffs on US goods
China announces additional 84% tariffs on US goods
The additional tariffs are to go into effect on 10 April
market overview
US MBA mortgage applications w.e. 4 April +20.0% vs -1.6% prior
US MBA mortgage applications w.e. 4 April +20.0% vs -1.6% prior
Latest data from the Mortgage Bankers Association for the week ending 4 April 2025
China complains to the WTO on "reckless" US tariffs
China complains to the WTO on "reckless" US tariffs
Not like this is going to do anything
market overview
Silver Price Forecast: XAG/USD rallies above $30 as US Dollar tumbles on US-China tariff war
Silver Price Forecast: XAG/USD rallies above $30 as US Dollar tumbles on US-China tariff war
Silver price (XAG/USD) surges almost 2% to near $30.40 during European trading hours on Wednesday. The white metal strengthens as the US Dollar (USD) tumbles amid fears that the escalating trade war between Washington and Beijing could lead the United States (US) economy into a recession.
Silver
Recession
SupportResistance
XAGUSD
DollarIndex
ECB's Escriva: Worst case scenarios are materialising - FT
ECB's Escriva: Worst case scenarios are materialising - FT
Bank of Spain Governor, Jose Luis Escriva in an interview with the Financial Times
Stocks dip back lower ahead of US trading
Stocks dip back lower ahead of US trading
It felt like the buying earlier had a lot of copium in it
MXN: Inflation figures are unlikely to provide new information – Commerzbank
MXN: Inflation figures are unlikely to provide new information – Commerzbank
This afternoon the Mexican statistics office will release the March inflation figures. However, they are unlikely to tell us much new, Commerzbank's FX analyst Michael Pfister notes.
Mexico
USDMXN
Banxico
Banks
USD/CNH: Any advance is likely part of a higher range of 7.3600/7.4420 – UOB Group
USD/CNH: Any advance is likely part of a higher range of 7.3600/7.4420 – UOB Group
Further US Dollar (USD) strength is not ruled out vs Chinese Yuan (CNH), but any advance is likely part of a higher range of 7.3600/7.4420.
Technical Analysis
USDCNH
Banks
EUR/USD rallies as China retaliates with higher counter-tariffs on US
EUR/USD rallies as China retaliates with higher counter-tariffs on US
EUR/USD advances to near 1.1100 in Wednesday’s North American session. The major currency pair strengthens as the US Dollar (USD) plummets on the brewing trade war between the United States (US) and China.
ECB
China
EURUSD
Fed
SEO
How fast is too fast for the SNB? – Commerzbank
How fast is too fast for the SNB? – Commerzbank
The Swiss franc has emerged as a clear winner amidst the recent market turbulence following Donald Trump's tariff announcement, appreciating significantly against major currencies.
Banks
Technical Analysis
EURCHF
SNB
Switzerland
USD/JPY: Oversold weakness has not stabilized – UOB Group
USD/JPY: Oversold weakness has not stabilized – UOB Group
UD Dollar (USD) has gathered downward momentum vs Japanese Yen (JPY), but it might not be able to break below 145.00.
Technical Analysis
USDJPY
Banks
Germany's Merz agrees coalition deal with centre-left SPD - RTRS
Germany's Merz agrees coalition deal with centre-left SPD - RTRS
The coalition treaty for Germany's new government is agreed and will be presented at 3pm
Spotware Launches cTrader Discord Community
Spotware Launches cTrader Discord Community
News Discussion Forum
By Finance Magnates
Spotware Launches cTrader Discord Community
Join Spotware’s cTrader Discord community for real-time trading insights, collaboration and direct access to clients, traders and algo developers.
ctrader
USDCHF is now back at the cycle lows after an incredible selloff
USDCHF is now back at the cycle lows after an incredible selloff
The USDCHF pair saw one of the most aggressive selloffs in FX following the tariffs announcement last Wednesday as traders flocked to the Swiss Franc amid the risk-off flows
CHF
USD
RoboMarkets Adds 1,160 Stocks and ETFs to R StocksTrader as EU Operations Restructure
RoboMarkets Adds 1,160 Stocks and ETFs to R StocksTrader as EU Operations Restructure
News Discussion Forum
By Finance Magnates
RoboMarkets Adds 1,160 Stocks and ETFs to R StocksTrader as EU Operations Restructure
RoboMarkets has expanded the range of instruments on its R StocksTrader platform adding more than 1,160 new assets, including stocks and ETFs.
robomarkets
retail
retail brokers
retail FX
RBNZ cuts rates as expected – Commerzbank
RBNZ cuts rates as expected – Commerzbank
As expected, the Reserve Bank of New Zealand cut its key interest rate by 25 basis points to 3.5% this morning. After the RBNZ had recently cut interest rates in large steps of 50 basis points each, the pace has been slowed down, as expected.
Technical Analysis
RBNZ
NewZealand
Banks
NZDUSD
JP Morgan cuts UK GDP growth forecast to 0.6% vs 1.1% previously
JP Morgan cuts UK GDP growth forecast to 0.6% vs 1.1% previously
The firm also expects the BOE to deliver an additional rate cut in September, taking the bank rate to 3.50%
CNY: 7.35 and on it goes – Commerzbank
CNY: 7.35 and on it goes – Commerzbank
So far, the Chinese currency has not responded to the US tariffs with a major devaluation. But many small devaluations can add up to a big effect. USD/CNY rose as high as 7.35 this morning, the weakest level for the CNY since 2007.
China
USDCNY
PBOC
USDCNH
Banks
Swiss government sets up steering body specifically to manage relations with US
Swiss government sets up steering body specifically to manage relations with US
I think all governments can benefit from taking this step at this point
Politics
BoE: Major shift in global trading arrangements could harm financial stability by depressing growth
BoE: Major shift in global trading arrangements could harm financial stability by depressing growth
"A major shift in global trading arrangements could harm financial stability by depressing growth," the Bank of England's Financial Policy Committee said in a statement following its two-day meeting.
CentralBanks
BOE
GBPUSD
BoE: Hedge fund actions don't amplify market volatility
BoE: Hedge fund actions don't amplify market volatility
Key lines from the BoE's Financial Policy Committee Record, April 2025
Silver price today: Silver rises, according to FXStreet data
Silver price today: Silver rises, according to FXStreet data
Silver prices (XAG/USD) rose on Wednesday, according to FXStreet data.
Silver
Commodities
Metals
Gold price rolls to nearly 3% as China retaliates and Bessent issues warnings
Gold price rolls to nearly 3% as China retaliates and Bessent issues warnings
Gold price (XAU/USD) bounces higher and recovers to $3,045 at the time of writing on Wednesday after United States (US) President Donald Trump’s tariffs came into effect.
TradeWar
UnitedStates
SEO
Gold
Commodities
ECB's Rehn: Downside risks have materialised since March rate meeting
ECB's Rehn: Downside risks have materialised since March rate meeting
European Central Bank (ECB) policymaker Olli Rehn said on Wednesday that the case for continuing rate cuts at the April meeting is supported by downside risks materializing, per Reuters.
ECB
CentralBanks
ECB’s Villeroy: Trump administration actions offer opportunity to boost Euro's international role
ECB’s Villeroy: Trump administration actions offer opportunity to boost Euro's international role
European Central Bank (ECB) policymaker and Bank of France head Francois Villeroy de Galhau said on Wednesday that they estimate the trade conflict to reduce Eurozone growth by 0.25 percentage points this year, per Reuters.
ECB
EURUSD
CentralBanks
Macroeconomics
ATFX Q2 2025 Trader Magazine: Adapting to Global Uncertainty
ATFX Q2 2025 Trader Magazine: Adapting to Global Uncertainty
News Discussion Forum
By Finance Magnates
ATFX Q2 2025 Trader Magazine: Adapting to Global Uncertainty
Safe-haven assets such as gold are expected to gain traction, emphasizing the need for diversification and risk management.