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The USD is lower vs the EUR, JPY and GBP to kickstart the trading in the US for April 16
What technical levels in those 3 currency pairs should traders be paying attention to? I will go through them in this video.
USD

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
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
The BoC is expected to hold rates unchanged today but there are good chances of a 25 bps cut
CAD
USD

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%
The number doesn't matter all too much at this point
USD

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 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
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
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 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
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
Latest data from the Mortgage Bankers Association for the week ending 11 April 2025
USD

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
The Swiss franc has surged amid global equity turmoil and waning confidence in the dollar.
Technical Analysis
EURCHF
USDCHF
Banks
Switzerland

Safety, export markets and oil as drivers – Commerzbank
Much has happened since the US 'Liberation Day' on 2 April. Tariffs have been introduced, only to be partially suspended. Negotiations have begun, though seemingly without much prospect of success. And new tariffs are already being planned. Of course, all this has not left the markets unscathed.
Technical Analysis
Oil
TradeWar
Energy
Banks

Proven Trading Strategy Checklist: What Every Trader Must Include – FBS Recommends
Whether you’re a beginner or an experienced trader, setups can serve as a practical guide.

EUR/GBP: Raising the profile – ING
EUR/GBP has held up better than expected, buoyed by euro strength and pressure on sterling from rising gilt yields.
Technical Analysis
EURGBP
Banks

Breaking: IC Markets Seeks UAE License
IC Markets, the Australia-headquartered broker, is considering strengthening its Middle East presence by obtaining a license in the United Arab Emirates.
IC Markets Global
IC Markets

Enclave Markets Brings Encrypted Trading to Every DeFi User
EnclaveX has all the features one has come to expect from a top-tier perpetuals exchange.
blockchain

Trump: Japan is coming in today to negotiate tariffs and the cost of military support
Trump post on Truth Social
USD

USD/CAD slides back into multiyear range – Societe Generale
USD/CAD continues to trend lower after February's rejection at 1.48, breaking below the 200-DMA and slipping back into a multiyear range.
Technical Analysis
USDCAD
Banks

EUR/JPY: Surprisingly steady – ING
Despite global equity market moves, EUR/JPY is diverging from its usual correlations, driven by a dollar sell-off and repatriation flows from Europe and Japan.
Technical Analysis
EURJPY
Banks

China reportedly mulls requesting Airbus to supply any new jets with extra set of engines
This reaffirms the Boeing boycott
CNY

USD/JPY under pressure amid tariff jitters – OCBC
USD/JPY continues to trade with a bearish tilt as tariff uncertainty and questions over the dollar’s safe-haven role persist.
Technical Analysis
USDJPY
Banks

FCA Allows 16,000 Firms to Skip Three Data Collections; Do CFD Providers Benefit?
The Financial Conduct Authority (FCA ) has proposed changes aimed at reducing data reporting requirements for around 16,000 firms. The regulator plans to remove three specific data collections from...
fca
The Financial Conduct Authority (FCA)
retail

Could be something or could be nothing, but things are moving on US-China front
CNBC reports that China replaced its top international negotiator as talks with the US stalled
market overview

Finance Magnates Unveils New Identity
Finance Magnates unveils a new look with a fresh logo, colors, and style—reflecting our growth and who we are today: modern, smart, and reliable.
Finance Magnates

Finance Magnates Unveils New Visual Identity
Finance Magnates unveils a new look with a fresh logo, colors, and style—reflecting our growth and who we are today: modern, smart, and reliable.
Finance Magnates

Silver price today: Silver rises, according to FXStreet data
Silver prices (XAG/USD) rose on Wednesday, according to FXStreet data.
Silver
Commodities
Metals

Traders continue to favour dovish bets amid the lack of positive developments on tariffs
Interest rate expectations remain skewed to the more dovish side as a couple of disappointing headlines weighed on risk sentiment
market overview

Saxo Unveils Fee-Free Flexible ISA as Demand Skyrockets 600%
Investment firm Saxo has introduced a new Flexible ISA product in the UK after experiencing a 591% increase in demand for its stocks and shares ISA during January and February compared to the same ...

EUR/INR today: Indian Rupee cross rates edge higher at the start of the European session
Indian Rupee (INR) crosses trade on the front foot at the beginning of Wednesday, according to FXStreet data.
India

EUR/USD bounces back as investors doubt USD’s safe-haven appeal
EUR/USD recovers strongly to near 1.1390 during European trading hours on Wednesday after a slight correction on Tuesday. The major currency pair strengthens as the US Dollar (USD) resumes its downside journey after a short-lived recovery move.
EURUSD
ECB
DollarIndex
TradeWar
SEO

China open to talks if Trump shows respect – Bloomberg
Citing a person familiar with the Chinese government’s thinking., Bloomberg reported on Wednesday that China is willing to sit across the table with the US. However, Beijing has some preconditions for the trade negotiations.
China
UnitedStates
Gold
TradeWar
RiskAversion

EUR/JPY advances to near 162.00 as Euro receives support from real money flows
EUR/JPY rebounds after two consecutive sessions of losses, trading near 162.00 during Wednesday’s European hours. The currency cross strengthens as the Euro (EUR) gains traction against its peers, supported by real money flows as investors hedge Dollar exposure or repatriate US assets.
Crosses
Eurozone
Japan
EURJPY
Macroeconomics

Eurozone March final CPI +2.2% vs +2.2% y/y prelim
Latest data released by Eurostat - 16 April 2025
EUR

BoC Governor Macklem: We have to be flexible and adaptable
Bank of Canada (BoC) Governor Tiff Macklem addressed the central bank’s policy outlook and answered questions from the media after the BoC paused its easing cycle in April.
BOC
USDCAD
SEO
InterestRate