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Forexlive Americas FX news wrap: Hope for a tariff deal dwindles, yuan hits record low
Forexlive Americas FX news wrap: Hope for a tariff deal dwindles, yuan hits record low
Forex news for North American trading on Apr 8, 2025
Session wrap
Wrap Nth America
NZD/USD Price Analysis: Kiwi edges higher but bears keep control below key moving averages
NZD/USD Price Analysis: Kiwi edges higher but bears keep control below key moving averages
The NZD/USD pair registered neutral movements during Tuesday’s session, with the pair seen moving around the 0.5530 region but cleared gains which took it to highs above 0.5600.
Technical Analysis
Currencies
Majors
NZDUSD
Australian Dollar finds tentative footing near 0.6000 amid tariff turmoil, mixed signals on Tuesday
Australian Dollar finds tentative footing near 0.6000 amid tariff turmoil, mixed signals on Tuesday
The Australian Dollar staged a fragile bounce during Tuesday’s American session, holding near the 0.6000 zone after rebounding from session lows. This recovery came as the US Dollar’s earlier strength faded, helping risk currencies like the Aussie stabilize within their recent five-year low range.
Currencies
AUDUSD
Economic calendar Asia Wednesday, April 9, 2025: BoJ Ueda speaking, RBNZ policy decision
Economic calendar Asia Wednesday, April 9, 2025: BoJ Ueda speaking, RBNZ policy decision
Eagle eyes on the People's Bank of China today also
economic calendar
Oil - private survey of inventory shows a headline crude oil draw
Oil - private survey of inventory shows a headline crude oil draw
This is from the privately surveyed oil stock data ahead of official government data tomorrow morning out of the US.
U.S. Department of Justice Dismantles Crypto Enforcement Unit in Major Shift Under Trump
U.S. Department of Justice Dismantles Crypto Enforcement Unit in Major Shift Under Trump
News Discussion Forum
By Finance Magnates
U.S. Department of Justice Dismantles Crypto Enforcement Unit in Major Shift Under Trump
The U.S. Department of Justice dismantled its National Cryptocurrency Enforcement Team in a move away from sweeping regulation and toward a narrower focus on prosecuting serious criminal activities...
Forex Today: Markets’ attention shifts to the Fed Minutes
Forex Today: Markets’ attention shifts to the Fed Minutes
The Greenback’s recovery seems to have run out of some steam on Tuesday, encouraging the risk complex to recoup part of the recent ground lost against the backdrop renewed hopes on the tariffs front.
Currencies
EURUSD
TradeWar
Fed
DollarIndex
EURUSD stalls at 100 hour MA
EURUSD stalls at 100 hour MA
The 100-hour MA is at 1.0970. The 200-hour MA stalled the fall (with the 61.8% level)
EUR
USD
There is a simple solution to the White House economic grievances
There is a simple solution to the White House economic grievances
Why not try the obvious before embarking on this stupid, hopeless crusade?
Fed's Daly: I'm a little concerned inflation may pick back up
Fed's Daly: I'm a little concerned inflation may pick back up
Federal Reserve (Fed) Bank of San Francisco President Mary Daly noted that inflation pressure from widespread tariffs is an increasing concern.
TradeWar
Fed
CentralBanks
Inflation
Fed's Goolsbee: Tariffs are way bigger than anticipated
Fed's Goolsbee: Tariffs are way bigger than anticipated
Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee warned on Tuesday that US tariffs, which were far larger than most market watchers anticipated, poses a real risk to US importers who have very few fallback options.
TradeWar
Fed
CentralBanks
US Dollar under pressure as the White House slaps additional tariffs on China
US Dollar under pressure as the White House slaps additional tariffs on China
The US Dollar Index (DXY), which tracks the performance of the US Dollar against six major currencies, is trading near the 103.00 region during Tuesday’s session. Momentum picked up after upbeat labor market data last week, helping the index rebound from recent lows.
Currencies
DollarIndex
The Republican big money donors are starting to push back on tariffs
The Republican big money donors are starting to push back on tariffs
Billionaire Ken Griffin calls them a “huge policy mistake” after previously dismissing the threat
Politics
Dow Jones Industrial Average slows recovery as investors await tariff kick-in
Dow Jones Industrial Average slows recovery as investors await tariff kick-in
The Dow Jones Industrial Average (DJIA) fumbled an early recovery on Tuesday, briefly crossing above 39,000 before slumping back to the 38,000 handle as markets brace for tariff kick-off following the Trump administration’s “Liberation Day” tariff announcements last week.
DowJones
TradeWar
Equities
SEO
Mexico GDP forecast slashed, Banxico seen cutting rates aggressively in 2025 – Citi
Mexico GDP forecast slashed, Banxico seen cutting rates aggressively in 2025 – Citi
On Monday, Citi revealed its latest Mexico Expectations Survey, in which private economists projected that the economy would grow 0.3% in 2025, less than the 0.6% expected in the last survey. For 2026, the GDP growth is expected to decrease from 1.7% to 1.5%.
Mexico
GDP
USDMXN
Banxico
InterestRate
Mexican Peso depreciates sharply on tariff woes ahead of inflation data
Mexican Peso depreciates sharply on tariff woes ahead of inflation data
The Mexican Peso prolonged its losses for the third straight day against the Greenback as market sentiment improved, spurred by revelations of US Treasury Secretary Scott Bessent that deals could be made with major trading partners. At the time of writing, the USD/MXN trades at 20.83, up 0.75%.
Technical Analysis
SEO
USDMXN
Banxico
Fundamental Analysis
USD/CNH hits 7.40 for the first time as yuan continues to weaken
USD/CNH hits 7.40 for the first time as yuan continues to weaken
Is Beijing sending a warning to Washington?
Politics
Revolut Faces $3.8 Million Fine in Lithuania for Money-Laundering Prevention Shortcomings
Revolut Faces $3.8 Million Fine in Lithuania for Money-Laundering Prevention Shortcomings
News Discussion Forum
By Finance Magnates
Revolut Faces $3.8 Million Fine in Lithuania for Money-Laundering Prevention Shortcomings
Lithuania's central bank has fined Revolut, a British fintech company, 3.5 million euros ($3.83 million) for failures in money-laundering prevention.
fintech
Money Laundering
revolut
Lithuania
Will XRP be the Next Bitcoin? Price Stable as Ripple Acquires Prime Broker Hidden Road
Will XRP be the Next Bitcoin? Price Stable as Ripple Acquires Prime Broker Hidden Road
News Discussion Forum
By Finance Magnates
Will XRP be the Next Bitcoin? Price Stable as Ripple Acquires Prime Broker Hidden Road
Although XRP has yet to see a major price rally following Ripple's acquisition of Hidden Road, market sentiment remains optimistic about its potential to climb higher.
XRP
Ripple
White House Press Secretary Levitt says tariffs on China have not gone into effect yet
White House Press Secretary Levitt says tariffs on China have not gone into effect yet
Tears aren't supposed to go in effect for China at midnight tonight
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
Stocks
Following Match-Trade Integration, Centroid Partners with BlackArrow on Trading Tools
Following Match-Trade Integration, Centroid Partners with BlackArrow on Trading Tools
News Discussion Forum
By Finance Magnates
Following Match-Trade Integration, Centroid Partners with BlackArrow on Trading Tools
Centroid Solutions has entered a strategic partnership with BlackArrow, a trading platform developed by Nelogica, a global technology provider.
Centroid Solutions
retail
retail FX
Match-Trade
GTN Names Sham Treon Chief Risk Officer for Middle East
GTN Names Sham Treon Chief Risk Officer for Middle East
News Discussion Forum
By Finance Magnates
GTN Names Sham Treon Chief Risk Officer for Middle East
GTN appointed Sham Treon as its Chief Risk Officer for the Middle East region. With over 25 years of experience across major global institutions, Treon’s leadership is expected to boost GTN’s growt...
GBPUSD tests key swing level as sellers take control at least in the short term.
GBPUSD tests key swing level as sellers take control at least in the short term.
Break below 1.27187 opens the door to deeper downside targets; 200-day MA caps the upside
GBP
USD