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Leavitt: There will be no unilateral reduction in tariffs against China
Repeats what Bessent said earlier
Politics
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Forex Live
Beige Book: Economic activity was little changed, outlook in some districts worsened
Highlights of the Beige Book released April 23, 2025
Fed
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Fxstreet
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
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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.
China
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Forex Live
US treasury auctions off $70 billion of 5-year notes at a high yield of 3.995%
The WI level at the time of the auction was 4.005%
USD
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Fxstreet
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
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Fxstreet
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
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Fxstreet
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
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Fxstreet
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
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World Bank cuts Mexico 2025 GDP forecast to 0% from 1.5%
That's a harsh downgrade
MXN
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Fxstreet
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.
News Discussion Forum
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Forex Live
Why China's Xi will not call Trump
Xi doesn't do the calling
Politics
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Forex Live
Bessent: No unilateral offer from Trump to cut China tariffs
Some comments from Bessent and initial downside in stock markets
Politics
USD
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Fxstreet
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
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Canadian travel to US shows shows a steep decline
Statistics Canada released February travel data
CAD
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Forex Live
US crude oil inventory 0.224M vs -0.770M est
Weekly crude oil data
Oil
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Fxstreet
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
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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
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Fxstreet
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
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White House would look at lowering tariffs pending talks with Beijing
White House is putting the ball in China's court
USD
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Several OPEC+ members want the group to approve another accelerated oil output increase
Crude oil prices move lower
Oil
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Forex Live
US new home sales for March 0.724M vs 0.680M estimate
New home Sales for March 2025
USD
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Fxstreet
Silver Price Forecast: XAG/USD jumps to near $33 as US-China trade tensions ease
Silver price (XAG/USD) trades firmly around $33.00 during North American trading hours on Wednesday. The white metal strengthens as fears of an intense trade war between the United States (US) and China have diminished after President Donald Trump signaled the possibility of a deal with Beijing.
Silver
SupportResistance
TradeWar
Fed
XAGUSD
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S&P global manufacturing PMI for April 50.7 versus 49.1 estimate.
S&P global manufacturing and services PMI data for April 2025.
Stocks
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Fxstreet
White House considers slashing China tariffs to de-escalate trade war – WSJ
The Wall Street Journal reported on Wednesday that the White House is considering slashing tariffs on Chinese goods to de-escalate the trade conflict.
China
UnitedStates
Politics
Macroeconomics
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White House reportedly mulling cutting China tariffs to de-escalate trade war
According to the Wall Street Journal sources
USD
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Fxstreet
JPY fades as sentiment recovers – Scotiabank
Japanese Yen (JPY) is soft, down 0.2% against the US Dollar (USD) and underperforming most of the G10 currencies, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Technical Analysis
BOJ
Japan
USDJPY
Banks
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Canada March new housing price index 0.0% vs +0.1% prior
Canada new housing price index
CAD
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Fxstreet
EUR consolidated around 1.14 – Scotiabank
The Euro (EUR) is soft and entering Wednesday’s NA session with a modest decline against the US Dollar (USD), having recovered from a short-lived bout of early Asian session weakness, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Technical Analysis
EURUSD
Banks
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Forex Live
U.S. budget deficit projected to fall to 6.5% of GDP in 2025 due to tariff collection...
...and 5.5% in 2026. That is down from 7.3% in 2024.
USD
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Fxstreet
USD consolidates as trade/Fed concerns ease – Scotiabank
Markets are trading with a sense of relief this morning. Late yesterday, President Trump said he had no intention of firing Fed Chair Powell and remarked that the 145% tariffs on China could be reduced substantially following a trade deal.
Technical Analysis
Fed
Banks
DollarIndex
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Forex Live
Selective disclosure is making it increasingly difficult to trade
Every move is suspicious
Politics
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Forex Live
US PMIs, new home sales, Beige Book and Waller highlight the agenda
What's on the US economic calendar today
economic calendar
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Forex Live
Kazakhstan Energy Minister: National interests take priority over OPEC+ on output levels
Reuters with the report that is weighing on crude oil prices
News Discussion Forum
By
Fxstreet
ECB's Nagel: World economy is in very delicate situation
In an interview with Bloomberg on Tuesday, European Central Bank (ECB) policymaker and Bundesbank President Joachim Nagel noted that the world economy is in a very delicate situation and said that they need to have a better understanding of how to find compromises on tariffs.
ECB
EURUSD
CentralBanks
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ECB's Nagel: The Euro area is in stagnation picture this year
Comments from the ECB policymaker, Joachim Nagel
EUR
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Forexlive European FX news wrap: The mood remains positive following Trump's comments
Forex news from the European morning session on Apr 23, 2025
Session wrap
Wrap Europe
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