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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."
China

Australia March Westpac Leading Index - "softens as tariff chaos starts to weigh"
Australia March Westpac Leading Index
AUD

US Treas Sec Bessent to meet South Korea’s fin min Choi next week to discuss trade issues
South Korean trade negotiaions
KRW

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

ANZ raised its year-end forecast for gold price to $3,600 per ounce
Silver to continue higher also
Silver
Gold

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
JPY

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
Bonds
SPX
USD

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 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
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)
Treasury Secretary Scott Bessent wants trading partners to limit China’s involvement in their economies in exchange for concessions on reciprocal tariffs
China

Japan Reuters Tankan - Manufacturing index +9 in April from -1 in March
Non-manufacturing index +30 in April vs. +25 in March
JPY

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
Say tariff-driven cuts to economic growth forecasts, increased probability of recession this year leads to steep cuts to metals demand forecasts
copper

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
The investigation will look at national security risks posed by US reliance on imported processed critical minerals and their derivative products
SPX
Nasdaq

US government has indefinitely banned Nvidia from selling H20 chips to China
License required to sell H20 chips to China
SPX
Nasdaq

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
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
Mixed comments from Bank of America CEO and CFO
Bonds
SPX
USD

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.

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
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
This is from the privately surveyed oil stock data ahead of official government data tomorrow morning out of the US.
Oil

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
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 finding rationalisations for pausing his keystone policy
Bonds
SPX
USD

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

Trade ideas thread - Wednesday, 16 April, insightful charts, technical analysis, ideas
Join the discussion and stay ahead in the forex market.
USD



Crude oil little changed in trading today for the second consecutive day
WTI crude oil price remains stable, hovering around $61.44. Traders watch for a breakout to determine future direction - bullish or bearish.
Oil

USD/JPY Price Analysis: Modest recovery fails to alter broader bearish outlook
The USD/JPY pair saw a slight rise on Tuesday, hovering around the 143 area as it edged higher within its daily range. The modest intraday rebound comes ahead of the Asian session but has yet to challenge the broader bearish signals dominating the chart.
Technical Analysis
Currencies
Majors
USDJPY

USD/CAD price analysis: Canadian Dollar struggles near 1.40 amid soft inflation and trade uncertainty
USD/CAD hovered near the 1.4000 zone on Tuesday, consolidating after recovering from earlier lows around the 1.3850 region. The Canadian Dollar failed to gain traction despite a cooler-than-expected inflation report for March, while traders brace for the Bank of Canada’s policy decision.
Technical Analysis
BOC
USDCAD
Majors
Inflation

Forex Today: The BoC meets, and Chief Powell speaks
The Greenback’s deep sell-off appears to have taken a breather on Tuesday despite trade tensions remained well in place, all against the backdrop of rising expectations prior to the release of US Retail Sales and the speech of Chair Powell on Wednesday.
Currencies
BOC
Fed
DollarIndex

German Regulator Orders Stablecoin Issuer Ethena to Cease Operations, Cites MiCA Compliance Breaches
Germany’s financial watchdog has made its first major enforcement move under the European Union’s new crypto regulatory framework, ordering Frankfurt-based Ethena GmbH to shut down operations and l...
Bafin
Ethena Labs

NZDUSD retests 200-day moving average after first break above since October 2024
NZDUSD broke above 200-day moving average for the first time since October 2024 earlier today. Now retests the MA Key focus for buyers and sellers. .
NZD
USD

Dow Jones struggles near 40,000 as China retaliates, targeting Boeing
The Dow Jones Industrial Average (DJIA) advanced earlier in the North American session by 0.3% or over 120 points. Nevertheless, optimism among investors faded recently, even though the CBOE Volatility Index (VIX) fell below 30 after spiking to a high near 60 last week.
DowJones
Equities
UnitedStates

White House: A deal with China remains on the table
Karoline Leavitt, the White House Press Secretary, commented on the current US-China tariffs scenario:
China
TradeWar
UnitedStates