Forex News

Germany February trade balance €17.7 billion vs €17.0 billion expected

News Discussion Forum

by Forex Live

Germany February trade balance €17.7 billion vs €17.0 billion expected

Latest data released by Destatis - 7 April 2025

EUR

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UK March Halifax house prices -0.5% vs +0.1% m/m expected

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by Forex Live

UK March Halifax house prices -0.5% vs +0.1% m/m expected

Latest data released by Halifax - 7 April 2025

GBP

Halifax

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EU commissioner for industrial strategy says response to US tariffs will be proportionate

News Discussion Forum

by Forex Live

EU commissioner for industrial strategy says response to US tariffs will be proportionate

Remarks by Stéphane Séjourné, the EU commissioner for prosperity and industrial strategy

EUR

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Gold price struggles to capitalize on intraday recovery from multi-week low; remains below $3,050

News Discussion Forum

by Fxstreet

Gold price struggles to capitalize on intraday recovery from multi-week low; remains below $3,050

Gold price (XAU/USD) attracts some buyers near the $2,972-2,971 area, or a nearly four-week low touched earlier this Monday, and for now, seems to have stalled its retracement slide from the all-time peak touched last week.

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TradeWar

SEO

Gold

Commodities

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More on report of China wanting to accelerate stimulus measures to counter US tariffs

News Discussion Forum

by Forex Live

More on report of China wanting to accelerate stimulus measures to counter US tariffs

The measures are said to be focused on boosting consumption

CNY

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BoJ maintains assessment for all of Japan's nine regions

News Discussion Forum

by Fxstreet

BoJ maintains assessment for all of Japan's nine regions

In its quarterly regional economic report published on Monday, the Bank of Japan (BoJ) maintains the assessment for all of Japan's nine regions.

GDP

BOJ

CentralBanks

USDJPY

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China reportedly considers frontloading stimulus to counter hit from tariffs

News Discussion Forum

by Forex Live

China reportedly considers frontloading stimulus to counter hit from tariffs

If true, it could help to ease the nerves a little ahead of the close in Asia today

CNY

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It's a bloodbath heading into European trading

News Discussion Forum

by Forex Live

It's a bloodbath heading into European trading

The market pain continues to start the new week

market overview

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NZD/USD remains under selling pressure near 0.5550 on Chinese tariff retaliation

News Discussion Forum

by Fxstreet

NZD/USD remains under selling pressure near 0.5550 on Chinese tariff retaliation

The NZD/USD pair remains under selling pressure around 0.5565 during the early European session on Monday.

TradeWar

Majors

NZDUSD

Macroeconomics

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News Discussion Forum

by Fxstreet

FX option expiries for Apr 7 NY cut

FX option expiries for Apr 7 NY cut at 10:00 Eastern Time via DTCC can be found below.

Currencies

Options

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ECB’s Stournaras: Trump’s tariffs could slow Euro area growth by 0.5 to 1 percentage points

News Discussion Forum

by Fxstreet

ECB’s Stournaras: Trump’s tariffs could slow Euro area growth by 0.5 to 1 percentage points

European Central Bank (ECB) policymaker Yannis Stournaras warned on Monday, “Trump tariffs risk large euro-area demand shock,” per the Financial Times (FT).

ECB

EURUSD

CentralBanks

InterestRate

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ForexLive Asia-Pacific FX news wrap: Freefallin’

News Discussion Forum

by Forex Live

ForexLive Asia-Pacific FX news wrap: Freefallin’

Forex news for Asian trading on Apr 7, 2025

Session wrap

Wrap Asia

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Japan finance minister Kato says closely watching market moves

News Discussion Forum

by Forex Live

Japan finance minister Kato says closely watching market moves

Just generic comments from Kato here, nothing substantial.

JPY

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USD/CAD trades with positive bias around mid-1.4200s as Oil prices tumble to multi-year low

News Discussion Forum

by Fxstreet

USD/CAD trades with positive bias around mid-1.4200s as Oil prices tumble to multi-year low

The USD/CAD pair attracts some follow-through buying for the second consecutive day on Monday and looks to build on last week's modest recovery from the 1.4030-1.4025 region or year-to-date low.

USDCAD

TradeWar

RiskAversion

Fed

Currencies

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Treasurer Chalmers: Expect Australian GDP to take a hit due to Trump’s tariffs

News Discussion Forum

by Fxstreet

Treasurer Chalmers: Expect Australian GDP to take a hit due to Trump’s tariffs

Commenting on the impact of US President Donald Trump’s tariffs on Monday, Australian Treasurer Jim Chalmers said that he expected the economy to take a hit.

Australia

GDP

TradeWar

AUDUSD

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Japanese Yen remains close to multi-month high against a broadly weaker USD

News Discussion Forum

by Fxstreet

Japanese Yen remains close to multi-month high against a broadly weaker USD

The Japanese Yen (JPY) reverses an intraday dip against its American counterpart and climbs back closer to the top end of the daily range heading into the European session on Monday.

TradeWar

BOJ

SEO

USDJPY

RiskAversion

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WTI tumbles to a four-year low near $60.00 amid Trump’s tariff woes

News Discussion Forum

by Fxstreet

WTI tumbles to a four-year low near $60.00 amid Trump’s tariff woes

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $60.30 during the early Asian session on Monday. The WTI price falls to its lowest point since April 2021 amid the fears that US President Donald Trump’s global tariffs would push the United States (US) into a recession.

WTI

Oil

Commodities

Macroeconomics

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Ackman draws a bead on Lutnick - pick a "bad idea", "irreconcilable conflict of interest"

News Discussion Forum

by Forex Live

Ackman draws a bead on Lutnick - pick a "bad idea", "irreconcilable conflict of interest"

It looks like Ackman is jumping on the band wagon to bring down US Commerce Secretary Lutnick

Bonds

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USD/INR strengthens as Trump-induced tariffs storm intensifies

News Discussion Forum

by Fxstreet

USD/INR strengthens as Trump-induced tariffs storm intensifies

The Indian Rupee (INR) trades in negative territory on Monday. The local currency remains under pressure after US President Donald Trump unveiled a bigger-than-expected wall of tariffs around the world's largest economy, upending trade and supply chains.

EmergingMarkets

SEO

USDINR

India

Macroeconomics

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Japan’s Hayashi: Closely watching market moves with a sense of urgency

News Discussion Forum

by Fxstreet

Japan’s Hayashi: Closely watching market moves with a sense of urgency

Japanese Chief Cabinet Secretary Yohsimasa Hayashi said on Monday that he is “closely watching market moves with a sense of urgency.”

Japan

USDJPY

Macroeconomics

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PBOC boosts Gold reserves for the fifth consecutive month

News Discussion Forum

by Fxstreet

PBOC boosts Gold reserves for the fifth consecutive month

The latest data published by the People’s Bank of China (PBOC) on Monday showed that the Chinese central bank increased its state Gold reserves for the fifth consecutive month.

PBOC

CentralBanks

Gold

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Japan's PM and Cabinet Secretary comments seek to dilute market damage

News Discussion Forum

by Forex Live

Japan's PM and Cabinet Secretary comments seek to dilute market damage

Plenty of "looking closely at" types of jaw boning

Nikkei

JPY

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Goldman Sachs raises US recession probability to 45%odds, cuts 2025 growth forecast

News Discussion Forum

by Forex Live

Goldman Sachs raises US recession probability to 45%odds, cuts 2025 growth forecast

Goldman Sachs' “Countdown to Recession” cites Trump's tariff risks and rising uncertainty

SPX

USD

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China increases state gold reserves for the fifth consecutive month

News Discussion Forum

by Forex Live

China increases state gold reserves for the fifth consecutive month

Some support for gold

Gold

China

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Druckenmiller: ‘I do not support tariffs exceeding 10%’

News Discussion Forum

by Forex Live

Druckenmiller: ‘I do not support tariffs exceeding 10%’

SPX

Nasdaq

USD

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ICYMI - JPMorgan forecasts US recession in late 2025 as Trump tariffs bite

News Discussion Forum

by Forex Live

ICYMI - JPMorgan forecasts US recession in late 2025 as Trump tariffs bite

Via a note from JPM

SPX

Nasdaq

USD

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China stock index futures cratered at the open

News Discussion Forum

by Forex Live

China stock index futures cratered at the open

Not as badly as some other Asian exchanges

China Stock Market

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EUR/USD flat lines above mid-1.0900s, investors seem non-committed amid rising trade tensions

News Discussion Forum

by Fxstreet

EUR/USD flat lines above mid-1.0900s, investors seem non-committed amid rising trade tensions

The EUR/USD pair reverses an Asian session dip to the 1.0880 aera and for now, seems to have stalled its retracement slide from the vicinity of mid-1.1100s, or the highest level since September touched last week.

EURUSD

TradeWar

Resources

RiskAversion

Currencies

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PBOC sets USD/CNY reference rate at 7.1980 vs. 7.1889 previous

News Discussion Forum

by Fxstreet

PBOC sets USD/CNY reference rate at 7.1980 vs. 7.1889 previous

On Monday, the People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1980 as compared to last Thursday's fix of 7.1889 and 7.3162 Reuters estimate.

Currencies

CentralBanks

USDCNY

PBOC

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Gold Price Forecast: XAU/USD attracts some sellers below $3,000 as Trump's tariffs hit

News Discussion Forum

by Fxstreet

Gold Price Forecast: XAU/USD attracts some sellers below $3,000 as Trump's tariffs hit

The Gold price (XAU/USD) faces some selling pressure to around $2,985 during the early Asian session on Monday, pressured by some profit-taking.

Gold

XAUUSD

Macroeconomics

Commodities

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GBP/USD bounces off one-month low, defends 200-day SMA and retakes 1.2900

News Discussion Forum

by Fxstreet

GBP/USD bounces off one-month low, defends 200-day SMA and retakes 1.2900

The GBP/USD pair attracts some dip-buyers near the 1.2830 region, or over a one-month low touched during the Asian session on Monday and for now, seems to have stalled its retracement slide from a six-month peak touched last week.

Resources

Currencies

TradeWar

RiskAversion

GBPUSD

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Goldman Sachs expects fiscal easing from China to offset added growth drag from tariffs

News Discussion Forum

by Forex Live

Goldman Sachs expects fiscal easing from China to offset added growth drag from tariffs

Downgrades Taiwan

CNY

China Stock Market

China

CNH

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Japan’s Ishiba seeks for broad deal with US over tariffs

News Discussion Forum

by Fxstreet

Japan’s Ishiba seeks for broad deal with US over tariffs

Japanese Prime Minister Shigeru Ishiba said late Sunday that Japan would continue pressing the United States to lower tariffs on Japanese goods, but acknowledged that progress was unlikely to come overnight. Ishiba has said he is aiming to have a call with Trump this week.

TradeWar

UnitedStates

Japan

Macroeconomics

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Ukraine’s President Zelenskyy: Russian military strikes energy facility in Kherson

News Discussion Forum

by Fxstreet

Ukraine’s President Zelenskyy: Russian military strikes energy facility in Kherson

Ukrainian President Volodymyr Zelenskyy said late Sunday that the Russian military struck an energy facility in Kherson on Friday. Russians shelled more than 30 localities in the Kherson region, including residential areas of Kherson.

Russell

Ukraine

Macroeconomics

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