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White House slaps 104% tariffs on China
White House slaps 104% tariffs on China
The White House announced that 104% tariffs on China went into effect at noon Eastern Time, revealed Karoline Leavitt, Press Secretary, as retaliation for China's applying 34% duties on US exports. She added that tariffs will be collected starting on Wednesday.
Sentiment
China
TradeWar
UnitedStates
RiskAversion
US stocks are starting to give up their gains
US stocks are starting to give up their gains
NASDAQ index now up 79 points after being up 713 points at session highs
EUR/USD Price Analysis: Euro holds steady near 1.0900 amid mixed momentum signals
EUR/USD Price Analysis: Euro holds steady near 1.0900 amid mixed momentum signals
The EUR/USD pair traded with a slight bearish bias on Tuesday after the European session, slipping mildly toward the 1.0900 region strugguling to hold earlier gains.
Technical Analysis
Currencies
EURUSD
Majors
GBP/USD rebounds as Trump, Bessent stoke tariff deal hopes
GBP/USD rebounds as Trump, Bessent stoke tariff deal hopes
The Pound Sterling (GBP) is recovering some ground against the Greenback on Tuesday, edging up 0.34% amid renewed hopes that tariffs are indeed used as negotiation tools, as United States (US) President Donald Trump said that “many, many, countries are coming to negotiate deals with us.” At the time
Technical Analysis
Majors
GBPUSD
Fundamental Analysis
Netanyahu takes an ultra-hawkish position on Iran's nuclear program
Netanyahu takes an ultra-hawkish position on Iran's nuclear program
The market isn't watching for the chances of a conflict in Iran
US Trade Rep. Greer: We are trying to work very quickly on trade negotiations
US Trade Rep. Greer: We are trying to work very quickly on trade negotiations
United States Trade Representative (USTR) Jamieson Greer said during the Senate Finance Committee hearing on Tuesday that they are currently in talks with about 50 countries about tariffs, per Reuters.
China
TradeWar
UnitedStates
Politics
Macroeconomics
Silver Price Forecast: XAG/USD jumps to near $30.50 on potential US-China trade war
Silver Price Forecast: XAG/USD jumps to near $30.50 on potential US-China trade war
The price of Silver (XAG) advances to near $30.50 during North American trading hours on Tuesday. The white metal strengthens as its safe-haven appeal has increased, with traders becoming increasingly concerned over the outlook of trade relations between the United States (US) and China.
Silver
TradeWar
Fed
Inflation
XAGUSD
Canada March Ivey PMI 51.3 vs 55.3 prior
Canada March Ivey PMI 51.3 vs 55.3 prior
The Canadian manufacturing survey from the Ivey business school
WH Economic Adviser Hassett: Fed will decide interest rates, we respect independence
WH Economic Adviser Hassett: Fed will decide interest rates, we respect independence
In an interview with Fox News on Tuesday, Kevin Hassett, Director of the US National Economic Council (NEC), said that they are getting ready to present a plan to US President Donald Trump on "who and when for tariff talks," per Reuters.
Fed
UnitedStates
CentralBanks
Macroeconomics
Copper: What rises high can fall deep – Commerzbank
Copper: What rises high can fall deep – Commerzbank
The Copper price was one of the biggest losers among base metals since 2 April, starting the week by falling by more than 15%, Commerzbank's commodity analyst Barbara Lambrecht notes.
Metals
Copper
Commodities
Banks
GBP/USD edges slightly lower – Scotiabank
GBP/USD edges slightly lower – Scotiabank
Pound Sterling (GBP) is soft, down a modest 0.2% vs. the US Dollar (USD) and a mid-performer among the G10 currencies, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Technical Analysis
Banks
GBPUSD
EUR underperforms amid broad USD losses – Scotiabank
EUR underperforms amid broad USD losses – Scotiabank
Euro (EUR) is quietly consolidating in a tight range in the 1.09s, eking out a marginal gain against the US Dollar (USD) while underperforming all the G10 currencies in an environment of broad-based USD weakness.
EURUSD
Banks
Technical Analysis
OPEC+ sticks to production increase for the time being – Commerzbank
OPEC+ sticks to production increase for the time being – Commerzbank
At a virtual meeting of the Joint Ministerial Monitoring Committee (JMMC) of the OPEC+ oil ministers at the weekend, the only thing that was apparently discussed was better compliance with existing production targets, Commerzbank's commodity analyst Carsten Fritsch notes.
Oil
OPEC
Energy
Commodities
Banks
CAD trades near estimated fair value on softer USD – Scotiabank
CAD trades near estimated fair value on softer USD – Scotiabank
The Canadian Dollar (CAD) has firmed up a little in response to the improvement in risk appetite, although it is lagging its commodity cousins’ intraday gains, Scotiabank's Chief FX Strategist Shaun Osborne notes.
BankStocks
Canada
BOC
USDCAD
USD: Equity markets steady, giving high beta FX a lift – Scotiabank
USD: Equity markets steady, giving high beta FX a lift – Scotiabank
Markets are steadier so far today, with a lot more green on the screen than over the past few days.
Technical Analysis
Banks
DollarIndex
US 10-year yields rise to the highs of the month
US 10-year yields rise to the highs of the month
Yields continue to rise, what's driving it
Palladium price today: Rare metals advance at the start of the American session
Palladium price today: Rare metals advance at the start of the American session
Platinum Group Metals (PGMs) trade with a positive tone at the beginning of Monday, according to FXStreet data.
Platinum
Palladium
Commodities
JPMorgan now expects four consecutive ECB rate cuts
JPMorgan now expects four consecutive ECB rate cuts
JPMorgan makes the case for a terminal rate of 1.50%
US Treasury Sec. Bessent: Trump is committed to fixing trade imbalances
US Treasury Sec. Bessent: Trump is committed to fixing trade imbalances
In an interview with CNBC on Tuesday, US Treasury Secretary Scott Bessent said that he was not involved in the calculations of tariffs rates and reiterated that US President Donald Trump is committed to fixing trade i mbalances.
TradeWar
UnitedStates
Politics
USD/CAD Price Forecast: Slumps below 1.4200
USD/CAD Price Forecast: Slumps below 1.4200
The USD/CAD pair fall sharply below the key level of 1.4200 in Tuesday’s European session.
Canada
Recession
SupportResistance
USDCAD
UnitedStates
Forexlive European FX news wrap: Hope is in the air but the deadline nears
Forexlive European FX news wrap: Hope is in the air but the deadline nears
Forex news from the European morning session on Apr 8, 2025
Session wrap
Wrap Europe
Oil prices at 4-year low – Commerzbank
Oil prices at 4-year low – Commerzbank
Oil prices remained under pressure at the start of the new trading week. Brent fell at times by more than 5% to $62.5 per barrel, the lowest level in four years, Commerzbank's commodity analyst Barbara Lambrecht notes.
Oil
Energy
Banks
Silver price plummets, Gold/Silver ratio at 100 – Commerzbank
Silver price plummets, Gold/Silver ratio at 100 – Commerzbank
Silver was hit even harder, losing a good 7% on Friday and plummeting to a 7-month low of USD 28.3 per troy ounce yesterday, Commerzbank's commodity analyst Carsten Fritsch notes.
Metals
Commodities
Banks
XAGUSD