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US Treasury Secretary Bessent sees de-escalation with China – Bloomberg
US Treasury Secretary Bessent sees de-escalation with China – Bloomberg
By Fxstreet
US Treasury Secretary Bessent sees de-escalation with China – Bloomberg
The US Treasury Secretary Scott Bessent commented that the tariff standoff with China is unsustainable and that he expects a de-escalation of the situation.
China
UnitedStates
Politics
DollarIndex
USD/CAD stalls near 1.3850 as Fed controversy fuels further weakness
USD/CAD stalls near 1.3850 as Fed controversy fuels further weakness
By Fxstreet
USD/CAD stalls near 1.3850 as Fed controversy fuels further weakness
The USD/CAD pair is treading water near the 1.3850 zone on Tuesday, struggling to extend its rebound after printing a fresh six-month low closer to the 1.3800 handle.
Currencies
Fed
USDCAD
Dow Jones jumps 900 points on Tesla optimism, but Powell tensions keep market fragile
Dow Jones jumps 900 points on Tesla optimism, but Powell tensions keep market fragile
By Fxstreet
Dow Jones jumps 900 points on Tesla optimism, but Powell tensions keep market fragile
The Dow Jones Industrial Average (DJIA) recovered on Tuesday, gaining over 900 points or 2.49% above the 39,000 figure as investors await Tesla’s (TSLA) earnings report late in the day.
DowJones
Equities
Fed
SEO
Bessent told people he sees de-escalation with China at JPMorgan private event
Bessent told people he sees de-escalation with China at JPMorgan private event
By Forex Live
Bessent told people he sees de-escalation with China at JPMorgan private event
Bessent spoke in Washington at a JPMorgan private event
EUR/USD Price Analysis: Holds bullish tone despite mild pullback from highs
EUR/USD Price Analysis: Holds bullish tone despite mild pullback from highs
By Fxstreet
EUR/USD Price Analysis: Holds bullish tone despite mild pullback from highs
The EUR/USD pair is flashing a bullish signal, currently trading around the 1.1500 area after posting a slight decline during Tuesday’s session following the European close.
Technical Analysis
Currencies
EURUSD
Majors
Bullish
S&P 500 climbs 2%, nearly erases yesterday's decline
S&P 500 climbs 2%, nearly erases yesterday's decline
By Forex Live
S&P 500 climbs 2%, nearly erases yesterday's decline
S&P 500 almost back to square on the week
GBP/USD retreats from YTD high past 1.34 on Fed turmoil
GBP/USD retreats from YTD high past 1.34 on Fed turmoil
By Fxstreet
GBP/USD retreats from YTD high past 1.34 on Fed turmoil
The Pound Sterling (GBP) reverses its course after reaching a daily high of 1.3423 due to concerns over the Federal Reserve (Fed) independence, spurred by United States (US) President Donald Trump's harsh comments against Fed Chair Jerome Powell.
Currencies
Fed
Majors
Macroeconomics
GBPUSD
USD/CAD flattens around 1.3850 as US Dollar looks for firm-footing
USD/CAD flattens around 1.3850 as US Dollar looks for firm-footing
By Fxstreet
USD/CAD flattens around 1.3850 as US Dollar looks for firm-footing
The USD/CAD pair trades flat around 1.3850 during North American trading hours on Tuesday. The Loonie pair turns sideways after posting a fresh six-month low near 1.3800 as the US Dollar (USD) looks for a cushion after having a downside run in the last two weeks.
BOC
TradeWar
Fed
USDCAD
DollarIndex
Lagarde speech: Either we cut or pause but we will be data dependent to extreme
Lagarde speech: Either we cut or pause but we will be data dependent to extreme
By Fxstreet
Lagarde speech: Either we cut or pause but we will be data dependent to extreme
In an interview with CNBC on Tuesday, European Central Bank (ECB) President Christine Lagarde said that they must be flexible and prepared to take action, per Reuters.
ECB
CentralBanks
April US Richmond Fed composite index -13 vs -4 prior
April US Richmond Fed composite index -13 vs -4 prior
By Forex Live
April US Richmond Fed composite index -13 vs -4 prior
The composite and services index from the Richmond Fed
USD/JPY Price Forecast: At make or a break around 140.00
USD/JPY Price Forecast: At make or a break around 140.00
By Fxstreet
USD/JPY Price Forecast: At make or a break around 140.00
The USD/JPY pair recovers some of its intraday losses but is still trading down near 140.65 during North American trading hours on Tuesday. The asset has demonstrated a sharp downside move in the last two weeks and revisited the 21-month low near 139.60.
China
TradeWar
Fed
BOJ
USDJPY
EUR consolidates rally from February lows – Scotiabank
EUR consolidates rally from February lows – Scotiabank
By Fxstreet
EUR consolidates rally from February lows – Scotiabank
The Euro (EUR) is softer, down 0.2% against the US Dollar (USD) and underperforming most of the G10 currencies along with Swiss Franc (CHF) and Australian Dollar (AUD), Scotiabank's Chief FX Strategist Shaun Osborne notes.
Technical Analysis
EURUSD
Banks
Fundamental Analysis
GBP/USD consolidates 10-day rally – Scotiabank
GBP/USD consolidates 10-day rally – Scotiabank
By Fxstreet
GBP/USD consolidates 10-day rally – Scotiabank
Pound Sterling (GBP) is entering Tuesday’s American session flat against the US Dollar (USD) and showing signs of exhaustion following an astounding 10-session rally that culminated in Monday’s surge through 1.34, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Technical Analysis
Banks
GBPUSD
IMF cuts global growth forecast for 2025 to 2.8% from 3.3%
IMF cuts global growth forecast for 2025 to 2.8% from 3.3%
By Fxstreet
IMF cuts global growth forecast for 2025 to 2.8% from 3.3%
The International Monetary Fund (IMF) announced in its updated World Economic Outlook report on Tuesday that it cut the global growth projections to 2.8% in 2025 and to 3% in 2026 from 3.3% for both years in the previous forecast, citing century-high US tariffs.
IMF
Growth
GDP
CentralBanks
Macroeconomics
JPY outperforming G10 currencies – Scotiabank
JPY outperforming G10 currencies – Scotiabank
By Fxstreet
JPY outperforming G10 currencies – Scotiabank
The Japanese Yen (JPY) is up 0.4% against the US Dollar (USD) and outperforming most of the G10 currencies, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Technical Analysis
BOJ
Japan
USDJPY
Banks
IMF cuts 2025 global growth forecast to 2.8% from 3.3%
IMF cuts 2025 global growth forecast to 2.8% from 3.3%
By Forex Live
IMF cuts 2025 global growth forecast to 2.8% from 3.3%
IMF cuts 2025 and 2026 GDP forecasts
USD/CAD dips below 1.38 remain well-supported – Scotiabank
USD/CAD dips below 1.38 remain well-supported – Scotiabank
By Fxstreet
USD/CAD dips below 1.38 remain well-supported – Scotiabank
The Canadian Dollar (CAD) is little changed on the session so far, reflecting a somewhat mixed trend in the USD overall, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Technical Analysis
Canada
BOC
USDCAD
Banks
USD steadies, undertone remains weak – Scotiabank
USD steadies, undertone remains weak – Scotiabank
By Fxstreet
USD steadies, undertone remains weak – Scotiabank
The US Dollar (USD) is consolidating. The major currencies are trading mixed overall as markets steady and take stock of developments after yesterday’s steep US equity declines.
DollarIndex
Banks
Technical Analysis
Fed
At least we got "the terms of reference to lay down a roadmap for the negotiations"
At least we got "the terms of reference to lay down a roadmap for the negotiations"
By Forex Live
At least we got "the terms of reference to lay down a roadmap for the negotiations"
90 deals in 90 days? Sides have finalized an agreement... on how to have future conversations about eventually reaching an agreement
Philly Fed services survey plunges to the lowest since May 2020
Philly Fed services survey plunges to the lowest since May 2020
By Forex Live
Philly Fed services survey plunges to the lowest since May 2020
Philly Fed April non-manufacturing index -42.7 vs -32.5 prior
Canada March PPI +0.5% m/m vs +0.3% expected
Canada March PPI +0.5% m/m vs +0.3% expected
By Forex Live
Canada March PPI +0.5% m/m vs +0.3% expected
Canadian March producer price index data and the raw materials price index
Richmond Fed and a handful of Fed speakers on the agenda
Richmond Fed and a handful of Fed speakers on the agenda
By Forex Live
Richmond Fed and a handful of Fed speakers on the agenda
Waiting for word from Trump as well
economic calendar
ECB's Kazimir: Uncertainty is here to stay, driven by US trade policy
ECB's Kazimir: Uncertainty is here to stay, driven by US trade policy
By Fxstreet
ECB's Kazimir: Uncertainty is here to stay, driven by US trade policy
European Central Bank (ECB) policymaker Peter Kazimir said on Tuesday that he is confident that the 2% inflation target will be reached in the next few months, per Reuters.
ECB
CentralBanks
ECB's Kazimir: Interest rates are now within the neutral range
ECB's Kazimir: Interest rates are now within the neutral range
By Forex Live
ECB's Kazimir: Interest rates are now within the neutral range
Remarks by ECB policymaker, Peter Kažimír
Forexlive European FX news wrap: Some calm after Monday's swings
Forexlive European FX news wrap: Some calm after Monday's swings
By Forex Live
Forexlive European FX news wrap: Some calm after Monday's swings
Forex news from the European morning session on Apr 22, 2025
Session wrap
Wrap Europe
AUD/USD retraces to near 0.6400 as US Dollar strives to gain ground
AUD/USD retraces to near 0.6400 as US Dollar strives to gain ground
By Fxstreet
AUD/USD retraces to near 0.6400 as US Dollar strives to gain ground
The AUD/USD pair corrects slightly to near 0.6400 during European trading hours on Tuesday after posting a fresh four-month high at 0.6440 earlier in the day. The Aussie pair retraces as the US Dollar (USD) strives to gain ground after remaining in the downside trajectory in the last few weeks.
China
TradeWar
Fed
AUDUSD
DollarIndex
US Dollar stronger as Richmond Manufacturing sinks
US Dollar stronger as Richmond Manufacturing sinks
By Fxstreet
US Dollar stronger as Richmond Manufacturing sinks
The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, is bouncing off a three-year low ahead of the US trading session.
UnitedStates
SEO
Macroeconomics
DollarIndex
Silver Price Forecast: XAG/USD wobbles below $33 as investors seek development in US-China trade
Silver Price Forecast: XAG/USD wobbles below $33 as investors seek development in US-China trade
By Fxstreet
Silver Price Forecast: XAG/USD wobbles below $33 as investors seek development in US-China trade
Silver price (XAG/USD) trades sideways around $32.50 during European trading hours on Tuesday. The white metal has turned sideways over the last three trading days as investors look for fresh development in trade relations between the United States (US) and China.
Silver
China
Fed
UnitedStates
XAGUSD
USD/JPY: Stay short into Kato-Bessent meeting – OCBC
USD/JPY: Stay short into Kato-Bessent meeting – OCBC
By Fxstreet
USD/JPY: Stay short into Kato-Bessent meeting – OCBC
USD/JPY continues to trade with a heavy bias as broad USD softness persists. Pair was last at 140.34 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
Technical Analysis
USDJPY
Banks
Gold: Another new high – OCBC
Gold: Another new high – OCBC
By Fxstreet
Gold: Another new high – OCBC
XAU/USD surged to another fresh highs as Trump doubled down on threats against Powell, OCBC's FX analysts Frances Cheung and Christopher Wong note.
Technical Analysis
XAUUSD
Metals
Gold
Banks
DXY: Short covering Soon? – OCBC
DXY: Short covering Soon? – OCBC
By Fxstreet
DXY: Short covering Soon? – OCBC
Dollar Index (DXY) continued to trade near recent lows and was last seen trading at 98.44, OCBC's FX analysts Frances Cheung and Christopher Wong note.
Technical Analysis
Banks
DollarIndex
US Vice President Vance: India and America have finalized terms of reference for a trade deal
US Vice President Vance: India and America have finalized terms of reference for a trade deal
By Fxstreet
US Vice President Vance: India and America have finalized terms of reference for a trade deal
US Vice President James David Vance announced on Tuesday that India and America have finalized the terms of reference for a trade deal.
TradeWar
UnitedStates
USDINR
India
Gold uptrend accelerates, MACD hits multiyear high – Société Générale
Gold uptrend accelerates, MACD hits multiyear high – Société Générale
By Fxstreet
Gold uptrend accelerates, MACD hits multiyear high – Société Générale
Gold continues to push higher after defending its 50-day moving average, with no immediate signs of exhaustion.
Technical Analysis
XAUUSD
Metals
Gold
Banks
UpTrend
BoC holds at 2.75%, highlights tariff risks – Danske Bank
BoC holds at 2.75%, highlights tariff risks – Danske Bank
By Fxstreet
BoC holds at 2.75%, highlights tariff risks – Danske Bank
Before the Easter break, the BoC held the policy rate at 2.75% as expected by markets and the majority of analysts, Danske Bank's FX analysts report.
BOC
CentralBanks
InterestRate
Banks