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Trump says it depends on China how soon tariffs can come down
Trump says it depends on China how soon tariffs can come down
Trump says it depends on China how soon tariffs can come down
NZD/USD Price Analysis: Pair trades steady near 0.5900 with bullish bias ahead of Asia
NZD/USD Price Analysis: Pair trades steady near 0.5900 with bullish bias ahead of Asia
The NZDUSD pair held steady near the 0.5900 mark on Wednesday, posting a marginal daily gain as traders positioned ahead of the Asian session. The pair continues to consolidate in a tight range after recent upward momentum, suggesting a pause rather than a reversal.
Technical Analysis
Currencies
Majors
NZDUSD
Bullish
Forexlive Americas FX news wrap: US dollar rallies as the White House walks back tariffs
Forexlive Americas FX news wrap: US dollar rallies as the White House walks back tariffs
Forex news for North American trading on Apr 23, 2025
Session wrap
Wrap Nth America
USD/JPY tests 143.00 amid easing Fed fears and trade optimism
USD/JPY tests 143.00 amid easing Fed fears and trade optimism
The USD/JPY pair trades near the 143.00 mark on Wednesday, up over 1.2% on the day, extending its rebound from midweek lows. The Greenback’s gains are driven by improving risk appetite and signs that US-China trade tensions could ease.
Currencies
Fed
Majors
USDJPY
PMI
Australian Dollar steadies near 0.6400 as US Dollar weakens post-PMI
Australian Dollar steadies near 0.6400 as US Dollar weakens post-PMI
The Australian Dollar (AUD) trades flat against the US Dollar (USD) on Wednesday, holding close to the 0.6400 area after a volatile session. The pair consolidated within a tight range of 0.6349 to 0.6436, reflecting a pause in directional conviction.
Technical Analysis
Currencies
Majors
AUDUSD
Fundamental Analysis
Mexican Peso dips as Trump eases rhetoric on Powell and China
Mexican Peso dips as Trump eases rhetoric on Powell and China
The Mexican Peso (MXN) registered modest losses against the US Dollar (USD) on Wednesday amid an improvement in risk appetite and regained confidence in the Greenback as US President Donald Trump denied that he would remove Federal Reserve (Fed) Chair Jerome Powell.
Technical Analysis
USDMXN
Banxico
Fundamental Analysis
Mexico
A dozen US states are suing Trump, say his new tariffs are illegal
A dozen US states are suing Trump, say his new tariffs are illegal
Death, taxes, and lawsuits are the three certainties in the US.
Politics
USD
Forex Today: US data, Germany’s morale gauges, and tariffs take centre stage
Forex Today: US data, Germany’s morale gauges, and tariffs take centre stage
The Greenback extended their recovery on the back of auspicious headlines around the US-China trade crisis and mitigating fears around potential threats to the Fed’s independence by President Trump.
EURUSD
Germany
Currencies
DollarIndex
US Dollar soft after PMI data and gloomy Fed's Beige Book
US Dollar soft after PMI data and gloomy Fed's Beige Book
The US Dollar Index (DXY) failed to hold onto its early strength during Wednesday’s session and now drifts near the 99.50 region, reflecting continued uncertainty around US trade policy and softening business momentum.
Currencies
SEO
DollarIndex
Fed’s Beige Book: The outlook worsens due to uncertainty spurred by tariffs
Fed’s Beige Book: The outlook worsens due to uncertainty spurred by tariffs
Commonly known as the Beige Book, this report is published eight times per year. Each Federal Reserve Bank gathers anecdotal information on current economic conditions, most of which focuses on the economy’s general overview, inflation, and employment.
Fed
CentralBanks
InterestRate
DollarIndex
BoE’s Bailey: Fragmenting the world economy will be bad for growth
BoE’s Bailey: Fragmenting the world economy will be bad for growth
At an International Monetary Fund (IMF) event, Bank of England (BoE) Governor Andrew Bailey said that the central bank must take the risk to economic growth from global trade disruption very seriously.
CentralBanks
BOE
GBPUSD
China's stance on US-China trade talks revealed; Doors open for negotiation
China's stance on US-China trade talks revealed; Doors open for negotiation
Chinese embassy emphasizes openness for talks with the U.S. without threats or pressure, calling for equality and respect in negotiations.
USD/CAD price analysis: Consolidation holds below 1.3900 as Fed and trade policy risks loom
USD/CAD price analysis: Consolidation holds below 1.3900 as Fed and trade policy risks loom
The USD/CAD pair trades modestly higher around 1.3800 during Wednesday’s North American session, bouncing within a tight range after testing six-month lows earlier in the week.
Technical Analysis
Fed
USDCAD
Majors
Dow Jones soars close to 500 points as Trump calms Powell firing fears, China tariff relief eyed
Dow Jones soars close to 500 points as Trump calms Powell firing fears, China tariff relief eyed
The Dow Jones Industrial Average (DJIA) rallied over 490 points or close to 1.30% on Wednesday amid traders' relief on a possible de-escalation of the US-China trade war and US President Donald Trump's comment that he doesn’t plan to remove Federal Reserve (Fed) Chair Jerome Powell.
DowJones
Equities
Fed
SEO
EUR/GBP Price Analysis: Pair trades near 0.8600 amid neutral short-term signals
EUR/GBP Price Analysis: Pair trades near 0.8600 amid neutral short-term signals
The EURGBP pair eased slightly on Wednesday, slipping toward the lower end of its recent consolidation range after the European session. The pair was last seen hovering near the 0.8600 area, reflecting a mild pullback within a still-bullish technical setup.
Crosses
Technical Analysis
Currencies
EURGBP
US Treasury Secretary Bessent: No unilateral tariff cuts for China
US Treasury Secretary Bessent: No unilateral tariff cuts for China
On Wednesday, United States (US) Treasury Secretary Scott Bessent crossed the wires to discuss the trade war between China and his country. He commented that President Donald Trump has not offered to unilaterally lower tariffs on China.
China
UnitedStates
Politics
AUDUSD
DollarIndex
EUR/USD Price Analysis: Edges lower toward 1.1400 zone despite bullish trend structure
EUR/USD Price Analysis: Edges lower toward 1.1400 zone despite bullish trend structure
The EUR/USD pair eased lower on Wednesday, retreating slightly toward the 1.1400 zone after a recent bullish streak.
Technical Analysis
Currencies
EURUSD
Majors
Bullish
Why China's Xi will not call Trump
Why China's Xi will not call Trump
Xi doesn't do the calling
Politics
Bessent: No unilateral offer from Trump to cut China tariffs
Bessent: No unilateral offer from Trump to cut China tariffs
Some comments from Bessent and initial downside in stock markets
Politics
USD
GBP/USD slips beneath 1.3300 as USD gains on Powell relief and trade optimism
GBP/USD slips beneath 1.3300 as USD gains on Powell relief and trade optimism
The Pound Sterling (GBP) depreciates against the Greenback on Wednesday, yet slightly recovered after diving to four-day lows of 1.3230. Traders seemed relieved that US President Donald Trump, although angry with Federal Reserve (Fed) Chair Powell, is not looking to sack him.
Currencies
Fed
Majors
GBPUSD
Canadian travel to US shows shows a steep decline
Canadian travel to US shows shows a steep decline
Statistics Canada released February travel data
US: How much revenue can tariffs bring? – Standard Chartered
US: How much revenue can tariffs bring? – Standard Chartered
Tariff revenue won't compensate for the fiscal costs of TCJA extensions. Added tariff revenues will be below 1% of GDP – most likely 0.5-0.9% of GDP. Unfunded tax cuts could put further upward pressure on US rates, Standard Chartered's analysts report.
US Elections
UnitedStates
Politics
Banks
Macroeconomics
CAD unruffled by overnight swings, holds range – Scotiabank
CAD unruffled by overnight swings, holds range – Scotiabank
The Canadian Dollar (CAD) is little changed on the day as spot continues to consolidate.
Technical Analysis
Canada
BOC
USDCAD
Banks
GBP jostled by sentiment, headline risks – Scotiabank
GBP jostled by sentiment, headline risks – Scotiabank
The Pound Sterling (GBP) weakens and enters Wednesday’s American session with a modest decline, trading in tandem with the Euro (EUR), around the Trump trade/Fed headlines, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Technical Analysis
Banks
GBPUSD