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From Doomfest to Moonshot: Risk Ignites on Trade Whispers

U.S. equities ripped higher, torching Monday’s doomfest and flipping the tape into full-blown squeeze...

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Turnaround Tuesday, as Tesla blames Trump’s tariffs for poor performance

The big news on Tuesday was the rapid shift in sentiment during the US trading...

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Elliott Wave Pattern Suggests CHF Strenght Can be Reversed in 2025

Strong CHF vs USD and EUR, but there are some important Elliott Wave pattern and big level at...

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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...

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

The preliminary reading of Australia's Judo Bank Manufacturing Purchasing Managers Index (PMI) declined to 51.4 in April from 51.6 in March, the latest data published by Judo Bank and S&P Global showed on Wednesday.The Judo Bank Australian Services PMI fell to 51.7 in April from the previous...

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Asia set to rally as trade tensions ease and Trump dials down the chaos

Asian markets look poised to open on a firmer footing as traders price in a soft thaw in U.S.-China tensions β€” the first meaningful walk-back we’ve seen in...

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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)...

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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...

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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...

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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...

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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...

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Australian Dollar holds gains following Judo Bank PMI data

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

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NZD/USD strengthens above 0.5950 amid hope 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...

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Whispers of dΓ©tente, hints of order β€” And the Dollar starts to lift

It may still be too early to call a firm bottom in the DXY, but there are signs of life creeping back into the greenback β€” not from any shift in Fed policy or economic data, but from something a little less tangible:...

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Japanese Yen recovers a major part of early lost ground against USD

The Japanese Yen (JPY) drifts lower against its American counterpart for the second successive day on Wednesday and retreats further from a multi-month peak touched the previous...

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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...

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USD/INR attracts some buyers on Pahalgam terror attack

The Indian Rupee (INR) edges lower on Wednesday as rising crude oil prices and a renewed US Dollar (USD) demand weigh on sentiment and drag the Indian currency lower. The terrorist attack in Kashmir, India, contributes to the INR's...

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Gold Price Forecast: XAU/USD down but not out ahead of US PMI data

Gold price has bounced off the dip to three-day lows near $3,310 early Wednesday as buyers fight back control amid a fading US Dollar (USD) recovery ahead of the US S&P Global preliminary business PMI data...

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WTI extends gains to near $64.00 on Iran sanctions, falling US inventories

West Texas Intermediate (WTI) Oil price extends its rally for a second straight session, trading around $63.90 per barrel during Asian hours on Wednesday. The continued rise in Oil prices comes amid fresh United States (US) sanctions on Iran and signs of tightening...

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