Author: FX
China’s Finance Ministry said on Friday that the current world economic growth momentum was insufficient, with tariff and trade wars further impacting economic and financial stability, per Reuters. He called on all parties to further improve the international economic and financial system by strengthening multilateral cooperation.Key quotesTariff wars and trade wars have further affected economic and financial stability.All parties should further improve the international economic and financial system by strengthening multi-lateral cooperation.All parties should pool more resources for Africa’s development.Market reactionAt the time of writing, AUD/USD is holding higher ground near 0.6400, losing 0.14% on the day. Australian Dollar FAQs One of…
Tokyo April core CPI rises 3.4% yr/yr Source link
Uncertainty regarding global economy heighteningMust scrutinize impact on business confidenceWe will scrutinize without pre-conception whether our forecast will materialize looking at various data that will become availableWe will look at various data, particularly those related to how tariffs affect economyWants to focus on sustainably, stably achieving BOJ’s 2% inflation targetCentral bankers are thinking the same thins as everyone else: This trade war is a big shock but it’s not clear how it will play out. This article was written by Adam Button at www.forexlive.com. Source link
Gold snaps two-day losing streak, gaining 1.5% on fresh trade war fears.Trump softens tariff talk, but China denies negotiations and demands full rollback.Fed rate cut bets rise as yields drop and economic uncertainty builds.Gold price snapped two days of losses on Thursday and rose $50, or more than 1.50%, amid renewed concerns about the US-China trade war. Even though US President Donald Trump softened his stance on sticking to 145% tariffs on Beijing, the XAU/USD trades at $3,338 after jumping off daily lows of $3,287.Market mood remains upbeat with Wall Street posting gains. Although traders seem relieved by Trump’s willingness…
Crowds wait for hours to pay final respects to Pope Francis at St. Peter's Source link
Yesterday, both the NASDAQ and S&P 500 indices tested their 200-hour moving averages but encountered selling pressure near those levels, leading to a late-day pullback. Today, the tone has shifted more positive, with both indices rebounding.The NASDAQ index has broken back above its 200-hour moving average (currently at 16,987.04), reaching a new session high of 17,046.24. This move reclaims a key technical level and puts buyers back in control in the short term. The next upside target comes in at 17,738.74—near the swing lows from March 11 and 13. Beyond that, the 50% retracement of the decline from December’s all-time…
Federal Reserve (Fed) Governor Christopher Waller told Bloomberg on Thursday that tariffs are a part of most economic debates and noted that the general tone suggests that many companies are frozen by the uncertainty.Key takeaways”Firms are trying to see how to navigate tariffs.””Wouldn’t surprise me to see more layoffs, higher unemployment.””Smaller tariffs will have modest pass through.””We need better control of budget deficit.””No obvious reason why tariffs should be off table as part of fiscal debate.””Not likely by July there will be clear tariff impacts yet.””Easiest place to offset tariff costs is by cutting payrolls.””It’s possible tariffs could push up…
INVO Fertility (NASDAQ:NAYA) confirmed it will begin trading under the new symbol “IVF” at the market open on April 28, 2025. The symbol change follows NAYA’s announcement on April 14, 2025, regarding the strategic decision to separate its fertility and oncology businesses into distinct operations. NAYA shares fall 2.1% premarket on Thursday. Source: Press release Source link
Finance Magnates Africa Summit, Africa’s premier trading summit, is set to return for another edition on the 29th and 30th of May. This year’s edition, FMAS:25, will take place in Cape Town for the first time in the summit’s history. The strategic move to South Africa’s financial hub is a solid indicator of the event’s success at pushing the industry forward. This unparalleled event promises to bring together key figures from the global online trading industry, providing an extensive platform for networking, collaboration, and knowledge sharing.At FMAS:25, attendees will have the chance to meet and engage with an elite group…
German IFO Business Climate Index rose unexpectedly in April.EUR/USD extends recovery toward 1.1400 in the European session.Business sentiment in Germany improved slightly in April, with the IFO Business Climate Index rising to 86.9 in April from 86.7 in March. This reading came in above the market expectation of 85.2.Other details of the report showed that the IFO Current Assessment Index rose to 86.4 from 85.7 in the same period, while the Expectations Index edged lower to 87.4 from 87.7.Market reactionEUR/USD holds its ground following these data. At the time of press, EUR/USD was up 0.6% on the day at 1.1382.…