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China’s NBS: External environment more complex and serious
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%)
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
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
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%)
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
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
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
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
Hong Kong suspends postal service for good bound for US - refuses to collect tariffs
Hong Kong suspends postal service for good bound for US - refuses to collect tariffs
HK says "The US is unreasonable, bullying and imposing tariffs abusively."
USD/CAD flat lines near 1.3950, BoC rate decision in the spotlight
USD/CAD flat lines near 1.3950, BoC rate decision in the spotlight
The USD/CAD pair holds steady near 1.3955 during the early Asian session on Wednesday. The upside for the Canadian Dollar (CAD) might be limited amid the dovish expectations from the Bank of Canada (BoC).
USDCAD
Majors
Macroeconomics
BOC
InterestRate
Japan data: February Core Machinery Orders +1.5% y/y (expected -0.9%, prior +4.4%)
Japan data: February Core Machinery Orders +1.5% y/y (expected -0.9%, prior +4.4%)
A leading indicator of capital spending in the coming six to nine months
Outlook for (US ) Empire State Manufacturing Survey to second lowest reading in 20 years
Outlook for (US ) Empire State Manufacturing Survey to second lowest reading in 20 years
Future general business conditions index falling to its second lowest reading in the more than 20 year history of the survey
US plans to use tariff negotiations to isolate China - WSJ  
US plans to use tariff negotiations to isolate China - WSJ  
According to the Wall Street Journal, which cited individuals familiar with the discussions, the US President Donald Trump administration plans to use ongoing tariff negotiations to pressure US trading partners to limit their dealings with China
China
TradeWar
UnitedStates
Macroeconomics
Gold price soars past $3,240 as trade war fears deepen, yields slide
Gold price soars past $3,240 as trade war fears deepen, yields slide
Gold price ended Tuesday’s session on a higher note due to traders buying the precious metals amid uncertainty over US President Donald Trump's tariff plans, which has kept market participants on edge. The XAU/USD trades at $3,240 a troy ounce, gaining over 6.50%.
Technical Analysis
XAUUSD
SEO
Gold
Fundamental Analysis
EUR/USD gains ground above 1.1250 ahead of US Retail Sales release
EUR/USD gains ground above 1.1250 ahead of US Retail Sales release
The EUR/USD pair trades in positive territory around 1.1285 during the early Asian session on Wednesday. The US Dollar (USD) currently trades near a three-year low against the Euro (EUR) as trade tensions remain well in place.
EURUSD
Majors
Macroeconomics
U.S. plans to use tariff negotiations to isolate China (Wall Street Journal piece)
U.S. plans to use tariff negotiations to isolate China (Wall Street Journal piece)
Treasury Secretary Scott Bessent wants trading partners to limit China’s involvement in their economies in exchange for concessions on reciprocal tariffs
US President Donald Trump launches  a probe into the need for tariffs on critical minerals
US President Donald Trump launches  a probe into the need for tariffs on critical minerals
US President Donald Trump launched a probe into the need for tariffs on critical minerals, the latest move in an escalating trade war that has targeted key sectors of the global economy, per Bloomberg.
TradeWar
UnitedStates
Macroeconomics
JP Morgan says it turns bearish on base metals prices in the near-term
JP Morgan says it turns bearish on base metals prices in the near-term
Say tariff-driven cuts to economic growth forecasts, increased probability of recession this year leads to steep cuts to metals demand forecasts
BoJ’s Ueda says central bank may need to respond if US tariffs hurt economy
BoJ’s Ueda says central bank may need to respond if US tariffs hurt economy
Bank of Japan Governor Kazuo Ueda said early Wednesday that the central bank may need to take policy action if US tariffs hurt the economy, per Reuters. 
BOJ
Japan
Macroeconomics
Trump has launched a probe into the need for tariffs on critical minerals
Trump has launched a probe into the need for tariffs on critical minerals
The investigation will look at national security risks posed by US reliance on imported processed critical minerals and their derivative products
AUD/JPY Price Analysis: Aussie yen edges higher but technical bias remains bearish
AUD/JPY Price Analysis: Aussie yen edges higher but technical bias remains bearish
The AUD/JPY pair advanced on Tuesday, rising toward the upper end of its daily range and hovering near the 90.90 area ahead of the Asian session.
Crosses
Technical Analysis
Currencies
AUDJPY
Mexican Peso slips as USD/MXN reclaims 20 despite tariff exemption hopes
Mexican Peso slips as USD/MXN reclaims 20 despite tariff exemption hopes
The Mexican Peso reversed its course and dropped against the US Dollar late in the North American session, with no catalyst behind the latter move as market participants digest Trump’s tariff rhetoric, which of late hinted at making exemptions on semiconductors and electronics.
Technical Analysis
SEO
USDMXN
Banxico
Fundamental Analysis
ICYMI - BoA CFO says doesn't believe we'll see a recession
ICYMI - BoA CFO says doesn't believe we'll see a recession
Mixed comments from Bank of America CEO and CFO
NZD/USD Price Analysis: Kiwi holds near 0.5900 amid sustained bullish signals
NZD/USD Price Analysis: Kiwi holds near 0.5900 amid sustained bullish signals
The NZD/USD pair moved higher on Tuesday, seen trading near the 0.59 area ahead of the Asian session. The Kiwi continues to benefit from sustained buying interest, holding mid-range between the day’s lows and highs, and showing resilience despite broadly neutral oscillators.
Technical Analysis
Currencies
Majors
NZDUSD
Bullish
Interactive Brokers' Q1 Earnings Jump as Daily Average Revenue Trades Rise 50%
Interactive Brokers' Q1 Earnings Jump as Daily Average Revenue Trades Rise 50%
News Discussion Forum
By Finance Magnates
Interactive Brokers' Q1 Earnings Jump as Daily Average Revenue Trades Rise 50%
Increased trading volumes and a steady rise in customer accounts helped Interactive Brokers start 2025 in a strong position. The online brokerage reported sharply higher profits and revenues in the...
InteractiveBrokers
Australian Dollar pulls back as US Dollar attempts recovery from multi-year lows
Australian Dollar pulls back as US Dollar attempts recovery from multi-year lows
The Australian Dollar (AUD/USD) gave up its earlier strength on Tuesday, falling from session highs near 0.6340 to trade closer to the 0.6280 area during North American hours. The reversal came as the US Dollar Index (DXY) attempted a modest bounce off its three-year low near the 99.00 mark. 
AUDUSD
Currencies
Majors
Oil - private survey of inventory shows a headline crude oil build vs, draw expected
Oil - private survey of inventory shows a headline crude oil build vs, draw expected
This is from the privately surveyed oil stock data ahead of official government data tomorrow morning out of the US.
Forexlive Americas FX news wrap 15 Apr: Another quiet day ahead of Chair Powell tomorrow.
Forexlive Americas FX news wrap 15 Apr: Another quiet day ahead of Chair Powell tomorrow.
Forex news for North American trading on Apr 15, 2025
Session wrap
Wrap Nth America
Is OpenAI the Next Big Social Media Player? Sam Altman Teases Bold Expansion
Is OpenAI the Next Big Social Media Player? Sam Altman Teases Bold Expansion
News Discussion Forum
By Finance Magnates
Is OpenAI the Next Big Social Media Player? Sam Altman Teases Bold Expansion
OpenAI is reportedly developing a social media platform, a potential competitor to Musk’s X and Meta’s Instagram, that could mark a major shift in the AI company's expansion plans.
OpenAI
Sam Altman
Trump says tariff pause because it's a transition
Trump says tariff pause because it's a transition
Trump finding rationalisations for pausing his keystone policy
Economic calendar in Asia Wednesday, April 16, 2025 - Chinese Q1 GDP & March economic data
Economic calendar in Asia Wednesday, April 16, 2025 - Chinese Q1 GDP & March economic data
Asian Economic Calendar: Key Events and Consensus Expectations for 16 April 2025
China
economic calendar