Author: FX
Wants Trump to rein in Cabinet members, show consistencyWants US talks to address concerns on Taiwan, sanctionsThis is causing a spike up in risk but I’m not really seeing why. China has made it clear that they are open to resolving things via dialogue as they have said many a time. And after their latest retaliation last week, they’ve pushed the ball back to Trump’s side of the court. And yet, there’s still no further progress until today.I’m guessing the algos are just jumping on the fact that the headline includes “China is open to talks” while ignoring all the…
Here is what you need to know on Wednesday, April 16:Following a meager recovery on Tuesday, the US Dollar (USD) comes under renewed selling pressure on Wednesday as markets assess the latest news on trade wars. March Retail Sales and Industrial Production data will be featured in the US economic calendar. Additionally, the Bank of Canada (BoC) will announce monetary policy decisions. Finally, Federal Reserve Chairman Jerome Powell will be delivering a speech in the late American session. US Dollar PRICE Today The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar…
After weeks of signaling a possible pause, markets now expect the ECB to move forward with a rate cut. What are traders pricing in, and how can you position ahead of the ECB decision? We have the points you need to know! This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term strategies High-impact economic event trading guides Unlimited Access access to MarketMilk™ Plus More! Source link
China appoints new top trade negotiator amid US tariff war Source link
Bitcoin has been cruising lower inside a falling channel that’s been holding since March, and it looks like another bounce off resistance is taking place. On top of that, a small double top pattern appears to be forming, suggesting that bearish pressure could pick up once the neckline breaks. Can it go lower from here? Bitcoin (BTC/USD) 4-hour Chart by TradingView Bitcoin appears to have flexed its “safe-haven” muscles earlier this month, as “digital gold” trailed the precious metal in raking in gains while global trade tensions flared. Price has been able to bounce from its descending channel support near…
The numbers are almost in for New Zealand’s first quarter inflation report! How did price pressures fare during Q1 2025 and will the numbers influence RBNZ policy expectations? Source link
1600 GMT/1200 US Eastern time – Federal Reserve Bank of Cleveland President Beth Hammack speaks on “Fed 101” and participates in a moderated question-and-answer session before event, “Columbus Metropolitan Club Weekly Forum: Insights from Cleveland Fed President Beth Hammack,” 1730 GMT/1330 US Eastern time – Federal Reserve Chair Jerome Powell speaks on the economic outlook before the Economic Club of ChicagoWill he be handing out his CV?2300 GMT/1900 US Eastern time – Federal Reserve Bank of Kansas City President Jeffrey Schmid speaks on the economy and community banking with Federal Reserve Bank of Dallas President Lorie Logan before a Global…
It was another topsy-turvy day in the financial markets, as investors reacted to global trade headlines while major currencies had their fair share of top-tier catalysts. Here are the updates from the latest trading sessions: Headlines: New Zealand Food Price Index for March 2025: 3.5% y/y (2.2% y/y forecast; 2.4%y/y previous) U.K. BRC Retail Sales Monitor for March 2025: 0.9% y/y (0.7% y/y forecast; 0.9% y/y previous) RBA March Meeting Minutes: Described risks to growth and inflation as two-sided, decided against premature policy easing despite trade headwinds Germany Wholesale Prices growth rate for March 2025: -0.2% m/m (0.4% m/m forecast;…
Australian employment is expected to see a modest rebound in March after a sharp decline in February. Will this week’s numbers indicate a higher-for-longer interest rate environment for the RBA? Or will it point to a 50bps rate cut next month? Here are the points you need to know if you’re trading Australia’s data release: This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term strategies High-impact economic event trading guides Unlimited Access access to MarketMilk™ Plus More! Source link
The Japanese Yen attracts fresh buying as trade jitters boost safe-haven demand. Hopes for a US-Japan trade deal and BoJ rate hike bets further underpin the JPY.Dovish Fed expectations keep the USD depressed and also weigh on the USD/JPY pair. The Japanese Yen (JPY) regains positive traction following the previous day’s modest downtick as trade-related uncertainties keep investors on the edge and continue to underpin traditional safe-haven assets. Adding to this data released earlier today showed that Japan’s core machinery orders rebounded sharply in February and surpassed market expectations. This, along with hopes that Japan might strike a trade deal…