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Markets on edge with Fed's Powell set to speak next
Markets on edge with Fed's Powell set to speak next
By Forex Live
Markets on edge with Fed's Powell set to speak next
Powell speaks on the economic outlook
Dow Jones slides as Nvidia, AMD tumble on chip tariffs; Powell speech eyed
Dow Jones slides as Nvidia, AMD tumble on chip tariffs; Powell speech eyed
By Fxstreet
Dow Jones slides as Nvidia, AMD tumble on chip tariffs; Powell speech eyed
 The Dow Jones Industrial Average (DJIA) registers minuscule losses in the mid-North American session as semiconductor-linked companies like Nvidia and AMD got hit by tariffs imposed by United States (US) President Donald Trump.  The DJIA is down 0.46% above 40,100 for the second consecutive day.
DowJones
Equities
Fed
SEO
US Customs & Border protection: Collecting $500 million under Pres. Trump's latest tariffs
US Customs & Border protection: Collecting $500 million under Pres. Trump's latest tariffs
By Forex Live
US Customs & Border protection: Collecting $500 million under Pres. Trump's latest tariffs
Trump claims tariff collections at $2 billion per day
Breaking: Gold hits a record high around $3,330/oz
Breaking: Gold hits a record high around $3,330/oz
By Fxstreet
Breaking: Gold hits a record high around $3,330/oz
Gold prices keep their upside impulse well in place and hit an all-time peak just below the $3,330 mark per troy ounce on Wednesday. Further gains in the precious metal come from a weaker US Dollar, unabated uncertainty surrounding US tariffs, and declining US yields across the curve.
Breaking
Gold
Commodities
EUR/JPY Price Analysis: Euro trades higher near 162 amid bullish moving averages
EUR/JPY Price Analysis: Euro trades higher near 162 amid bullish moving averages
By Fxstreet
EUR/JPY Price Analysis: Euro trades higher near 162 amid bullish moving averages
The EUR/JPY pair inched higher on Wednesday ahead of the Asian session, trading near the 162 area after a 0.29% daily gain.
Crosses
Technical Analysis
Currencies
EURJPY
Euro Trades Bullish
EUR/GBP Price Analysis: Cross gains traction near 0.8600 despite neutral oscillators
EUR/GBP Price Analysis: Cross gains traction near 0.8600 despite neutral oscillators
By Fxstreet
EUR/GBP Price Analysis: Cross gains traction near 0.8600 despite neutral oscillators
The EUR/GBP pair extended its upside momentum during Wednesday’s session, climbing toward the 0.8600 area after a 0.45% daily gain.
Crosses
Technical Analysis
Currencies
EURGBP
GBP/USD rises as UK inflation cools, BoE rate cut bets increase
GBP/USD rises as UK inflation cools, BoE rate cut bets increase
By Fxstreet
GBP/USD rises as UK inflation cools, BoE rate cut bets increase
The British Pound advanced during the North American session, posting soft gains of 0.14% against the Greenback as inflation slowed to its weakest level in three months. This adds to pressure on the Bank of England to reduce interest rates.
Technical Analysis
Currencies
Majors
GBPUSD
Fundamental Analysis
EIA weekly crude oil inventories +515K vs +507K expected
EIA weekly crude oil inventories +515K vs +507K expected
By Forex Live
EIA weekly crude oil inventories +515K vs +507K expected
Weekly US petroleum data for the week ending April 11, 2025
USD/CAD slumps further as BoC leaves interest rates steady at 2.75%
USD/CAD slumps further as BoC leaves interest rates steady at 2.75%
By Fxstreet
USD/CAD slumps further as BoC leaves interest rates steady at 2.75%
The USD/CAD pair extends its downside below 1.3900 during North American trading hours on Wednesday. The Loonie pair weakens further as the Bank of Canada (BoC) leaves its borrowing rates at 2.75%, as expected.
BOC
TradeWar
Fed
USDCAD
InterestRate
New US sanctions target Iran oil tankers
New US sanctions target Iran oil tankers
By Forex Live
New US sanctions target Iran oil tankers
Sanctions published on the Treasury Dept website
US NAHB housing market index 40 vs 37 expected
US NAHB housing market index 40 vs 37 expected
By Forex Live
US NAHB housing market index 40 vs 37 expected
US home builder sentiment data
US business inventories for February 0.2% versus 0.2% estimate
US business inventories for February 0.2% versus 0.2% estimate
By Forex Live
US business inventories for February 0.2% versus 0.2% estimate
Business inventories and retail inventories for February 2025
USD/JPY struggles to hold 142.00 as US-China trade war batters US Dollar
USD/JPY struggles to hold 142.00 as US-China trade war batters US Dollar
By Fxstreet
USD/JPY struggles to hold 142.00 as US-China trade war batters US Dollar
The USD/JPY pair struggles to hold the key support of 142.00 during North American trading hours on Wednesday, the lowest level seen in over four months. The pair faces selling pressure as the US Dollar (USD) has been hit hard by the intensifying trade war between the United States (US) and China.
TradeWar
Fed
BOJ
Inflation
USDJPY
Bank of Canada rate decision leaves rates unchanged, as expected
Bank of Canada rate decision leaves rates unchanged, as expected
By Forex Live
Bank of Canada rate decision leaves rates unchanged, as expected
Highlights of the April 17, 2025 Bank of Canada rate decision
US March industrial production -0.3% vs -0.2% expected
US March industrial production -0.3% vs -0.2% expected
By Forex Live
US March industrial production -0.3% vs -0.2% expected
US March industrial production data
JPY climbs as trade talks begin in DC – Scotiabank
JPY climbs as trade talks begin in DC – Scotiabank
By Fxstreet
JPY climbs as trade talks begin in DC – Scotiabank
The Japanese Yen (JPY) is up 0.4% against the US Dollar (USD), holding mid-pack among G10 peers as markets eye Japan-US trade talks in Washington.
Technical Analysis
BOJ
Japan
USDJPY
Banks
EUR rises within range – Scotiabank
EUR rises within range – Scotiabank
By Fxstreet
EUR rises within range – Scotiabank
Euro (EUR) is up an impressive 0.7% against the US Dollar (USD) and recovering back toward the upper end of its four- session range, strengthening in tandem with its regional peers Swiss Franc (CHF) and Swedish Krona (SEK), Scotiabank's Chief FX Strategist Shaun Osborne notes.
Technical Analysis
EURUSD
Banks
CAD regains some ground ahead of BoC policy decision – Scotiabank
CAD regains some ground ahead of BoC policy decision – Scotiabank
By Fxstreet
CAD regains some ground ahead of BoC policy decision – Scotiabank
The Canadian Dollar (CAD) lost ground yesterday after weaker than expected CPI data lifted market speculation that the BoC could cut interest rates at today’s policy decision (13:45 GMT), Scotiabank's Chief FX Strategist Shaun Osborne notes.
Technical Analysis
Canada
BOC
USDCAD
Banks
GBP extends rally for seventh session – Scotiabank
GBP extends rally for seventh session – Scotiabank
By Fxstreet
GBP extends rally for seventh session – Scotiabank
Pound Sterling (GBP) is up 0.3% vs. the US Dollar (USD) and a mid-performer among the G10 currencies as it extends its gains for a seventh consecutive session and pushes toward its prior (September) highs around 1.34, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Technical Analysis
Banks
GBPUSD
USD: Trade tensions keep US markets on the defensive – Scotiabank
USD: Trade tensions keep US markets on the defensive – Scotiabank
By Fxstreet
USD: Trade tensions keep US markets on the defensive – Scotiabank
The USD is trading defensively this morning again, while US Treasurys are weaker (and underperforming) and US equity futures are softer. Global stocks are lower after the US government said it would require Nvidia to obtain a license to export one of its chips to China.
Technical Analysis
US Elections
Fed
Banks
DollarIndex
US Retail Sales rise by 1.4% in March vs. 1.3% expected
US Retail Sales rise by 1.4% in March vs. 1.3% expected
By Fxstreet
US Retail Sales rise by 1.4% in March vs. 1.3% expected
Retail Sales in the United States (US) rose by 1.4% in March to $734.9 billion, the US Census Bureau announced on Wednesday. This reading followed the 0.2% increase recorded in February and came in slightly better than the market expectation for an increase 1.3%.
UnitedStates
RetailSales
EconomicIndicator
Macroeconomics
US March retail sales +1.4% vs +1.3% expected
US March retail sales +1.4% vs +1.3% expected
By Forex Live
US March retail sales +1.4% vs +1.3% expected
March 2025 US retail sales
Two things to watch in the US retail sales report
Two things to watch in the US retail sales report
By Forex Live
Two things to watch in the US retail sales report
The data is due at the bottom of the hour
ForexLive European FX news wrap: Dollar shoved lower as risk remains cautious
ForexLive European FX news wrap: Dollar shoved lower as risk remains cautious
By Forex Live
ForexLive European FX news wrap: Dollar shoved lower as risk remains cautious
Forex news from the European morning session on Apr 16, 2025
Session wrap
Wrap Europe
NZD/USD: A lower beta to AUD – ING
NZD/USD: A lower beta to AUD – ING
By Fxstreet
NZD/USD: A lower beta to AUD – ING
The New Zealand dollar has shown resilience compared to its Australian counterpart, as markets see less tariff risk for NZ.
Technical Analysis
Banks
AUDUSD
NZDUSD
USDCAD: a look at the chart ahead of the BoC rate decision
USDCAD: a look at the chart ahead of the BoC rate decision
By Forex Live
USDCAD: a look at the chart ahead of the BoC rate decision
The BoC is expected to hold rates unchanged today but there are good chances of a 25 bps cut
China: Currency weakens despite favourable data – Commerzbank
China: Currency weakens despite favourable data – Commerzbank
By Fxstreet
China: Currency weakens despite favourable data – Commerzbank
This morning, the PBoC raised its USD/CNY exchange rate fixing again, paving the way for a slightly weaker CNY, Commerzbank's FX analyst Volkmar Baur notes.
Banks
PBOC
USDCNH
China
USDCNY
White House note shows US tariffs against China could be hiked up to 245%
White House note shows US tariffs against China could be hiked up to 245%
By Forex Live
White House note shows US tariffs against China could be hiked up to 245%
The number doesn't matter all too much at this point
USD/CAD declines to near 1.3900 ahead of BoC’s monetary policy decision
USD/CAD declines to near 1.3900 ahead of BoC’s monetary policy decision
By Fxstreet
USD/CAD declines to near 1.3900 ahead of BoC’s monetary policy decision
The USD/CAD pair falls sharply to near 1.3900 in Wednesday’s European session. The Loonie pair weakens as the US Dollar (USD) falls back after a short-recovery move on Tuesday. The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, slumps to near 99.40.
BOC
TradeWar
Fed
USDCAD
DollarIndex
AUD/USD: Still the most vulnerable – ING
AUD/USD: Still the most vulnerable – ING
By Fxstreet
AUD/USD: Still the most vulnerable – ING
AUD/USD has retraced its losses, but the Australian dollar remains fragile amid cross weakness and persistent US-China trade tensions.
Technical Analysis
Banks
AUDUSD
Japan the first key litmus test on Trump's willingness to strike a compromise
Japan the first key litmus test on Trump's willingness to strike a compromise
By Forex Live
Japan the first key litmus test on Trump's willingness to strike a compromise
Keep in mind that Japan is one of the US' closest allies though
Politics
CAD: Tariffs recede into the background for the market, but does the same apply for the BoC? – Commerzbank
CAD: Tariffs recede into the background for the market, but does the same apply for the BoC? – Commerzbank
By Fxstreet
CAD: Tariffs recede into the background for the market, but does the same apply for the BoC? – Commerzbank
The tariffs no longer seem to be a major issue for the CAD, especially since the US administration has exempted Canada from the reciprocal tariffs.
Banks
USDCAD
Canada
BOC
Technical Analysis
Gold refreshes all-time highs as tariff war boosts safe-haven demand
Gold refreshes all-time highs as tariff war boosts safe-haven demand
By Fxstreet
Gold refreshes all-time highs as tariff war boosts safe-haven demand
Gold price (XAU/USD) posts a fresh all-time high (ATH) near $3,319 in Wednesday's North American session.. The precious metal remains an attractive investment amid heightening global trade tensions.
XAUUSD
Fed
SEO
Gold
DollarIndex
USD/CAD: Keeping risk premium on for longer – ING
USD/CAD: Keeping risk premium on for longer – ING
By Fxstreet
USD/CAD: Keeping risk premium on for longer – ING
While a Bank of Canada hold is widely expected, it's the looming US-Canada trade tensions and the outcome of Canada's late-April election that may shape the CAD's path.
Technical Analysis
Canada
BOC
USDCAD
Banks
US MBA mortgage applications w.e. 11 April -8.5% vs +20.0% prior
US MBA mortgage applications w.e. 11 April -8.5% vs +20.0% prior
By Forex Live
US MBA mortgage applications w.e. 11 April -8.5% vs +20.0% prior
Latest data from the Mortgage Bankers Association for the week ending 11 April 2025
China: Stronger-than-expected Q1 growth – Standard Chartered
China: Stronger-than-expected Q1 growth – Standard Chartered
By Fxstreet
China: Stronger-than-expected Q1 growth – Standard Chartered
Q1 GDP growth remained solid at 5.4% y/y, providing a cushion to meet the annual growth target. March real activity growth beat market consensus by a significant margin; outlook remains cautious.
Growth
GDP
China
Banks
EUR/CHF: Tough times for the SNB – ING
EUR/CHF: Tough times for the SNB – ING
By Fxstreet
EUR/CHF: Tough times for the SNB – ING
The Swiss franc has surged amid global equity turmoil and waning confidence in the dollar.
Technical Analysis
EURCHF
USDCHF
Banks
Switzerland