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Japanese Yen buying interest remains unabated, hits fresh two-week high against a broadly weaker USD
Japanese Yen buying interest remains unabated, hits fresh two-week high against a broadly weaker USD
The Japanese Yen (JPY) sticks to strong intraday gains, which, along with a broadly weaker US Dollar (USD), drags the USD/JPY pair closer to mid-143.00s, or a fresh two-week low during the early European session on Wednesday.
USDJPY
BOJ
InterestRate
Fed
SEO
Mexican Economy Minister Ebrard: Mexico’s US auto exports to benefit from tariff discounts
Mexican Economy Minister Ebrard: Mexico’s US auto exports to benefit from tariff discounts
Mexican Economy Minister Marcelo Ebrard said late Tuesday that cars assembled in Mexico and exported to the United States (US) will be levied an average tariff of 15%, not 25%, clarifying that they will avail additional discounts that local products benefit from.
Mexico
USDMXN
TradeWar
NZD/USD holds above 0.5900 on weaker US Dollar, renewed US-China tensions might cap its upside
NZD/USD holds above 0.5900 on weaker US Dollar, renewed US-China tensions might cap its upside
The NZD/USD pair attracts some buyers to around 0.5935 during the early Asian session on Wednesday, bolstered by a weaker US Dollar (USD). The Federal Reserve’s (Fed) Thomas I. Barkin is scheduled to speak later on Wednesday.
NZDUSD
Majors
Macroeconomics
TradeWar
Australian Dollar rises despite rising odds of further RBA rate cuts, focus on Fedspeak
Australian Dollar rises despite rising odds of further RBA rate cuts, focus on Fedspeak
The Australian Dollar (AUD) depreciated against the US Dollar (USD) on Wednesday, recovering after registering more than 0.50% losses in the previous session.
AUDUSD
SEO
Macroeconomics
Majors
Australia
US politics - tentative deal for $40,000 SALT deduction reached
US politics - tentative deal for $40,000 SALT deduction reached
Politico - a critical but tentative deal to boost the cap on state and local tax deductions to $40,000 in the GOP megabill, according to three Republicans with direct knowledge of the private agreement.
China's Commerce Ministry says US measures on Chinese chips are bullying, protectionist
China's Commerce Ministry says US measures on Chinese chips are bullying, protectionist
China’s Commerce Ministry said early Wednesday that US measures on China’s advanced chips are ‘typical of unilateral bullying and protectionism.’ Chinese authorities urged the US to immediately correct its erroneous practices. 
China
UnitedStates
TradeWar
Macroeconomics
PBOC sets USD/CNY reference rate at 7.1937 vs. 7.1931 previous
PBOC sets USD/CNY reference rate at 7.1937 vs. 7.1931 previous
On Wednesday, the People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1937 as compared to the previous day's fix of 7.1931 and 7.2133 Reuters estimate.
USDCNY
PBOC
CentralBanks
Currencies
China's Commerce Ministry says US measures on China chips are bullying, protectionist
China's Commerce Ministry says US measures on China chips are bullying, protectionist
MofCom statement adds that the US abuses export controls to contain and suppress China
CNY
China Stock Market
China
CNH
Australian Leading Index for April 0.0% m/m (prior -0.2%)
Australian Leading Index for April 0.0% m/m (prior -0.2%)
Australian Westpac Leading Index for April 2025
WTI climbs to near $63.00 on report that Israel is preparing to strike Iran
WTI climbs to near $63.00 on report that Israel is preparing to strike Iran
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $62.95 during the Asian trading hours on Wednesday. The WTI price surges after CNN reported that US intelligence suggests Israel is making preparations to possibly strike Iranian nuclear facilities.
Oil
WTI
Commodities
Macroeconomics
EUR/USD climbs on Greenback weakness, but key technical barriers remain in place
EUR/USD climbs on Greenback weakness, but key technical barriers remain in place
EUR/USD caught a bounce for a second day in a row on Tuesday, bolstering the pair back toward the 1.1300 handle. Despite a near-term rise in bullish momentum bolstering the Fiber, EUR/USD remains well back from recent multi-year highs near 1.1575.
EURUSD
PMI
Currencies
TradeWar
New intelligence suggests Israel is preparing possible strike on Iranian nuclear facilities - CNN
New intelligence suggests Israel is preparing possible strike on Iranian nuclear facilities - CNN
The United States (US) has obtained new intelligence suggesting that Israel is making preparations to strike Iranian nuclear facilities, even as US President Donald Trump has been pursuing a diplomatic deal with Tehran, multiple US officials familiar with the latest intelligence told CNN.
Israel
MiddleEast
Iran
Macroeconomics
Fed policymakers express concerns over economic and business sentiment
Fed policymakers express concerns over economic and business sentiment
During a discussion panel hosted by the Federal Reserve (Fed) Bank of Atlanta, the San Francisco and Cleveland Fed Bank Presidents Mary C. Daly and Beth Hammack both took the opportunity to express concern about the current state of the US economy.
Fed
CentralBanks
TradeWar
Inflation
USD/CAD softens to near 1.3900 on caution over US economy
USD/CAD softens to near 1.3900 on caution over US economy
The USD/CAD pair extended its decline to near 1.3910 during the early Asian session on Wednesday. The US Dollar (USD) weakens against the Canadian Dollar (CAD) amid renewed concerns over the US economy. Traders will keep an eye on the speech from the Federal Reserve’s (Fed) Thomas I.
USDCAD
Majors
Macroeconomics
AUD/USD hovers above 0.6400 post RBA rate cut, eyes on US Trump tax bill approval
AUD/USD hovers above 0.6400 post RBA rate cut, eyes on US Trump tax bill approval
The Australian Dollar (AUD) begins the Asian session virtually unchanged against the US Dollar (USD) on Wednesday, following a 0.49% loss in the previous session as the Reserve Bank of Australia (RBA) reduced interest rates. At the time of writing, the AUD/USD trades at 0.6420 flat.
AUDUSD
RBA
Macroeconomics
Technical Analysis
Fundamental Analysis
Silver Price Forecast: XAG/USD rallies above $33.00 as USD slips
Silver Price Forecast: XAG/USD rallies above $33.00 as USD slips
Silver price soared on Tuesday, climbing past the $33.00 mark per troy ounce as the US Dollar weakened across the board.
Technical Analysis
Silver
XAGUSD
Metals
GBP/USD drifts higher ahead of late-week run of UK and US data
GBP/USD drifts higher ahead of late-week run of UK and US data
GBP/USD rose slightly on Tuesday, climbing toward (but still not able to capture) the 1.3400 handle.
GBPUSD
TradeWar
CPI
Inflation
PMI
Binance Asks U.S. Court to Dismiss $1.76 Billion Clawback Lawsuit Filed by FTX Estate
Binance Asks U.S. Court to Dismiss $1.76 Billion Clawback Lawsuit Filed by FTX Estate
News Discussion Forum
by Finance Magnates
Binance Asks U.S. Court to Dismiss $1.76 Billion Clawback Lawsuit Filed by FTX Estate
Binance has asked a Delaware court to throw out a $1.76 billion clawback lawsuit filed by the FTX estate, arguing that the now-bankrupt crypto exchange is targeting the wrong party.
JP Morgan sees modest USD depreciation ahead amid rebalancing, hedging flows.
JP Morgan sees modest USD depreciation ahead amid rebalancing, hedging flows.
Eyes inflows for Norway, Switzerland, Canada, Sweden, the UK, Australia, and Israel.
US FAA issued an order reducing the flight arrival and departure rate at Newark Airport
US FAA issued an order reducing the flight arrival and departure rate at Newark Airport
Not FX, but info for anyone travelling via the troubled Newark Liberty International Airport
Mexican Peso surges as US Dollar weakens, USD/MXN approaches 19.00
Mexican Peso surges as US Dollar weakens, USD/MXN approaches 19.00
The Mexican Peso (MXN) rallied to a new yearly high against the US Dollar (USD) on Tuesday as investors continued to digest Moody’s downgrade to United States (US) government debt and wait for the vote on the Tax bill presented by the Trump administration.
USDMXN
Banxico
Fundamental Analysis
Technical Analysis
SEO
Oil: private survey of inventory shows headline crude oil build vs. draw expected
Oil: private survey of inventory shows headline crude oil build vs. draw expected
This is from the privately surveyed oil stock data ahead of official government data tomorrow morning out of the US.
Forexlive Americas FX news wrap: Canada rate cut hopes dwindle after hotter core CPI
Forexlive Americas FX news wrap: Canada rate cut hopes dwindle after hotter core CPI
Forex news for North American trading on May 20, 2025
Session wrap
Wrap Nth America
President Trump unveils 'Golden Dome' defence shield plans
President Trump unveils 'Golden Dome' defence shield plans
President Donald Trump outlined plans for a new defence system dubbed the "Golden Dome," highlighting advanced technology, international interest, and a projected $175 billion cost.
Macroeconomics
DollarIndex
Politics
UnitedStates
Trade ideas thread - Wednesday, 21 May, insightful charts, technical analysis, ideas
Trade ideas thread - Wednesday, 21 May, insightful charts, technical analysis, ideas
Asian Economic Calendar: Key Events and Consensus Expectations for 21 May 2025
Invictus Growth Partners Closes Oversubscribed Fund II with Funds Totaling $574 Million
Invictus Growth Partners Closes Oversubscribed Fund II with Funds Totaling $574 Million
News Discussion Forum
by Finance Magnates
Invictus Growth Partners Closes Oversubscribed Fund II with Funds Totaling $574 Million
Invictus has completed twelve platform investments and add-on acquisitions.
Fed's Bostic: More businesses say they can't delay tariff response any longer
Fed's Bostic: More businesses say they can't delay tariff response any longer
Federal Reserve (Fed) Bank of Atlanta President Raphael Bostic hit newswires on Tuesday, warning that more businesses are geared to begin adjusting their prices and employment numbers as US tariffs begin to work their way through the US economy.
Fed
CentralBanks
InterestRate
TradeWar
EURUSD moves above swing area  Makes new highs for the day
EURUSD moves above swing area Makes new highs for the day
EURUSD breaks above key swing zone and 38.2% retracement—buyers eye a move beyond 1.12876
Forex Today: Focus now shifts to UK inflation data
Forex Today: Focus now shifts to UK inflation data
The US Dollar (USD) traded in a negative fashion, extending Monday’s losses and revisiting the area of multi-day lows. Indeed, renewed concerns over the US economy kept the currency under pressure on Tuesday, while fresh trade jitters also contributed to the sour mood. 
Inflation
Currencies
GBPUSD
UnitedKingdom
XRP Futures Debut on CME With $19 Million Volume on First Day, Driving ETF Speculation
XRP Futures Debut on CME With $19 Million Volume on First Day, Driving ETF Speculation
News Discussion Forum
by Finance Magnates
XRP Futures Debut on CME With $19 Million Volume on First Day, Driving ETF Speculation
After years of speculation, XRP has officially entered the regulated derivatives market in the U.S. with the launch of futures contracts on CME Group’s platform.