Forex News

USD/CAD trades higher near 1.3850 due to potential de-escalation of ongoing tariff dispute

By Fxstreet

USD/CAD trades higher near 1.3850 due to potential de-escalation of ongoing tariff dispute

USD/CAD edges higher, rebounding from two consecutive sessions of losses, and is trading near 1.3830 during Asian hours on Wednesday.

Canada

Oil

USDCAD

Majors

Macroeconomics

Válasz

Japanese Yen climbs to the top end of its daily range against USD; bullion potential seems intact

News Discussion Forum

By Fxstreet

Japanese Yen climbs to the top end of its daily range against USD; bullion potential seems intact

The Japanese Yen (JPY) recovers early lost ground to a one-week trough touched against its American counterpart earlier this Wednesday and climbs to the top end of the daily range heading into the European session.

RiskAppetite

TradeWar

BOJ

SEO

USDJPY

Válasz

BMW will integrate DeepSeek’s AI into its new vehicles sold in China from late 2025.

News Discussion Forum

By Forex Live

BMW will integrate DeepSeek’s AI into its new vehicles sold in China from late 2025.

DeepSeek is Chinese startup AI firm

CNY

China Stock Market

China

CNH

Válasz

NZD/USD strengthens above 0.5950 amid hopes for US-China trade deal

News Discussion Forum

By Fxstreet

NZD/USD strengthens above 0.5950 amid hopes for US-China trade deal

The NZD/USD pair gathers strength to around 0.5980 during the Asian trading hours on Wednesday. The New Zealand Dollar (NZD) has risen to its highest level since early November 2024 against the US Dollar (USD) after the optimistic comments from the US Treasury Secretary Scott Bessent.

Majors

NZDUSD

Macroeconomics

Válasz

Australian Dollar holds gains as US Dollar remains subdued ahead of S&P Global PMI data

News Discussion Forum

By Fxstreet

Australian Dollar holds gains as US Dollar remains subdued ahead of S&P Global PMI data

The Australian Dollar (AUD) recovered some ground on Wednesday, retracing its losses from the previous session.

Australia

SEO

Majors

AUDUSD

Macroeconomics

Válasz

PBOC sets USD/CNY reference rate at 7.2116 vs. 7.2074 previous

News Discussion Forum

By Fxstreet

PBOC sets USD/CNY reference rate at 7.2116 vs. 7.2074 previous

On Wednesday, the People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.2116 as compared to the previous day's fix of 7.2074.

Currencies

CentralBanks

USDCNY

PBOC

Válasz

ECB's Villeroy: Trump’s trade policies will weaken financial stability and growth

News Discussion Forum

By Fxstreet

ECB's Villeroy: Trump’s trade policies will weaken financial stability and growth

European Central Bank member Francois Villeroy de Galhau said on Tuesday that US President Donald Trump’s trade tirades dampen economic growth, including for the US, and threaten to undermine financial stability, per Bloomberg.

ECB

Eurozone

CentralBanks

Macroeconomics

Válasz

Japan flash April manufacturing PMI 48.5 (prior 48.4)

News Discussion Forum

By Forex Live

Japan flash April manufacturing PMI 48.5 (prior 48.4)

Japan Jibun Bank PMI Manufacturing April 2025 Preliminary

JPY

Válasz

GBP/USD weakens below 1.3300 as US Dollar rises

News Discussion Forum

By Fxstreet

GBP/USD weakens below 1.3300 as US Dollar rises

The GBP/USD pair remains weak near 1.3280 during the early Asian session on Wednesday. Comments by US Treasury Secretary Scott Bessent hint at a thaw in US-China trade tensions, fueling optimism in markets and strengthening the US Dollar (USD) against the Pound Sterling (GBP).

Majors

Macroeconomics

GBPUSD

Válasz

JP Morgan forecast gold prices above US$4K by Q2 2026

News Discussion Forum

By Forex Live

JP Morgan forecast gold prices above US$4K by Q2 2026

Central bank demand underpinning

Gold

Válasz

News Discussion Forum

By Forex Live

Trump and Xi to meet in early May

Finally!

China

Válasz

US will aim for UK to lower its automotive tariff - WSJ

News Discussion Forum

By Fxstreet

US will aim for UK to lower its automotive tariff - WSJ

The United States is preparing its terms for trade talks with the United Kingdom, according to people familiar with the plans, aiming for London to reduce levies and other non-tariff barriers on a wide range of US goods.

TradeWar

UnitedStates

UnitedKingdom

Macroeconomics

Válasz

EUR/USD tumbles to near 1.1350 on renewed US Dollar demand

News Discussion Forum

By Fxstreet

EUR/USD tumbles to near 1.1350 on renewed US Dollar demand

The EUR/USD pair attracts some sellers to around 1.1355 during the early Asian session on Wednesday, pressured by the renewed US Dollar (USD) demand.

EURUSD

Majors

Macroeconomics

Válasz

Trump's China reversal - now we await China's response (if any)

News Discussion Forum

By Forex Live

Trump's China reversal - now we await China's response (if any)

China has more or less ignored the Trump bluster so far, and now he's dialled it back

China

Válasz

Australian S&P Global Manufacturing PMI Flash reading for April 2025: 51.7 (prior 52.1)

News Discussion Forum

By Forex Live

Australian S&P Global Manufacturing PMI Flash reading for April 2025: 51.7 (prior 52.1)

Australian preliminary PMI data

AUD

Válasz

Australia's Judo Bank Manufacturing PMI declines to 51.7 in April, Services PMI eases to 51.4

News Discussion Forum

By Fxstreet

Australia's Judo Bank Manufacturing PMI declines to 51.7 in April, Services PMI eases to 51.4

The preliminary reading of Australia's Judo Bank Manufacturing Purchasing Managers Index (PMI) declined to 51.7 in April from 52.1 in March, the latest data published by Judo Bank and S&P Global showed on Wednesday.

Australia

PMI

Macroeconomics

Válasz

Fed's Kugler: Higher than expected tariffs likely to send prices higher

News Discussion Forum

By Fxstreet

Fed's Kugler: Higher than expected tariffs likely to send prices higher

Federal Reserve Board Governor Adriana Kugler said late Tuesday that with US import tariffs significantly larger than expected and likely to put upward pressure on prices, the Fed ought to keep short-term borrowing costs unchanged until inflation risks recede, per Reuters.

Fed

UnitedStates

CentralBanks

Macroeconomics

Válasz

US to push the UK to lower its tariffs on autos, relax ag rules

News Discussion Forum

By Forex Live

US to push the UK to lower its tariffs on autos, relax ag rules

USD

Válasz

ICYMI: Citi says tariffs a stagflationary shock to US economy, 40-45% chance of recession

News Discussion Forum

By Forex Live

ICYMI: Citi says tariffs a stagflationary shock to US economy, 40-45% chance of recession

Citigroup's Chief Economist comments came before Trump's latest policy reversals

Bonds

SPX

USD

Válasz

GBP/JPY afloat near 189.00 amid risk jitters, bearish bias prevails

News Discussion Forum

By Fxstreet

GBP/JPY afloat near 189.00 amid risk jitters, bearish bias prevails

GBP/JPY trades modestly higher near 189.00 during Tuesday’s session after bouncing from intraday lows around 187.47. The pair’s upside follows a minor recovery in the Pound Sterling, which briefly reached 1.3423 against the US Dollar before retreating amid political and economic crosswinds.

Crosses

Technical Analysis

Currencies

GBPJPY

Válasz

US President Trump eases market jitters, says no plans to fire Powell, China tariffs to be lower

News Discussion Forum

By Fxstreet

US President Trump eases market jitters, says no plans to fire Powell, China tariffs to be lower

Recently, US President Donald Trump said at a press conference that his discussions with China are going well, adding that he thinks they will reach a deal. He said that tariffs on China would not be as high as 145%, but they wouldn’t be zero.

Sentiment

China

Fed

UnitedStates

DollarIndex

Válasz

EUR/JPY Price Analysis: Drifts near 162.00 as technical picture turns indecisive

News Discussion Forum

By Fxstreet

EUR/JPY Price Analysis: Drifts near 162.00 as technical picture turns indecisive

The EURJPY pair is currently neutral, trading near the 162.00 zone after easing slightly on Tuesday. The pair remains confined within a narrow range between 160.98 and 162.32, showing no clear directional bias as Asian markets approach.

Crosses

Technical Analysis

Currencies

EURJPY

Válasz

USD/CHF bounces over 1% as trade optimism lifts mood, but Powell tensions linger

News Discussion Forum

By Fxstreet

USD/CHF bounces over 1% as trade optimism lifts mood, but Powell tensions linger

The USD/CHF makes a U-turn and trade with gains of over 1% on Tuesday as market mood improved on trade headlines and a possible de-escalation of US-Sino conflict tensions. At the time of writing, the pair trades at 0.8181 after hitting a daily low of 0.8065.

Technical Analysis

Currencies

Fed

Majors

USDCHF

Válasz

Trump says he is going to be very nice to China, they have to make a deal

News Discussion Forum

By Forex Live

Trump says he is going to be very nice to China, they have to make a deal

Trump speaking

Politics

China

USD

Válasz

AUD/JPY Price Analysis: Trades soft near 90.10 zone with bearish outlook intact

News Discussion Forum

By Fxstreet

AUD/JPY Price Analysis: Trades soft near 90.10 zone with bearish outlook intact

The AUDJPY pair is flashing an overall bearish signal, currently trading around 90.10 after a modest dip during Tuesday’s session. The cross remains mid-range between the day’s low of 89.64 and high of 90.58, suggesting hesitation in either direction as markets await fresh momentum into Asia.

Crosses

Technical Analysis

Currencies

AUDJPY

Válasz

North American Forexlive Americas FX news wrap 22 Apr: Sell US shifts to Buy US today.

News Discussion Forum

By Forex Live

North American Forexlive Americas FX news wrap 22 Apr: Sell US shifts to Buy US today.

Forex news for North American trading on Apr 22, 2025

Session wrap

Wrap Nth America

Válasz

IMF Managing Director Georgieva: Biggest priority is to resolve trade tensions

News Discussion Forum

By Forex Live

IMF Managing Director Georgieva: Biggest priority is to resolve trade tensions

International Monetary Fund (IMF)

USD

Válasz

Oil: private survey of inventory shows a much bigger headline crude oil draw than expected

News Discussion Forum

By Forex Live

Oil: private survey of inventory shows a much bigger headline crude oil draw than expected

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

Oil

Válasz

Shares suspended in FX risk management firm - now in talks about emergency sale to a rival

News Discussion Forum

By Forex Live

Shares suspended in FX risk management firm - now in talks about emergency sale to a rival

The firm received margin calls linked to its foreign exchange forward and options books

USD

Válasz

USD/JPY clings to 142.00 as Fed uncertainty and Yen strength weigh

News Discussion Forum

By Fxstreet

USD/JPY clings to 142.00 as Fed uncertainty and Yen strength weigh

The USD/JPY pair struggles to regain ground on Tuesday, trading around the 142.00 mark during North American hours after bouncing off earlier lows near 140.65.

Technical Analysis

Currencies

Majors

USDJPY

Fundamental Analysis

Válasz