Author: FX
Indonesia says to increase US imports, lower orders from other countries Source link
The IDC is just out with some smartphone stats:China smartphone shipments up 3.3% in Q1 (solid sign of growth)Huawei China sales +10%Apple China sales -9%Xiaomi was the top vendor with 18.6% share, followed by Huawei and Oppo with 18% and 15.7%, respectivelyAn iPhone was a status symbol for years in China but it appears the consumer is shifting to domestic preference.Meanwhile, tariffs on China threaten to crush Apple’s margins in the United States. This article was written by Adam Button at www.forexlive.com. Source link
The major assets traded mixed following new global trade headlines, ECB’s rate cut, mid-tier data releases, and potential profit-taking ahead of the Easter holidays. Here are the updates from the latest trading sessions! Headlines: New Zealand CPI for Q1 2025: 0.9% q/q (0.8% forecast, 0.5% previous) U.S. President Trump celebrated “big progress” on trade talks with Japan BOJ member Junko Nakagawa still favors raising rates if inflation continues to rise towards 2% as expected RBNZ sectoral factor inflation model – a preferred inflation measure – eased from 3.0% to 2.9% q/q in Q1 2025 RBNZ Assistant Gov. Simone Robbers resigned,…
USD/JPY loses ground in Friday’s early Asian session. Japanese CPI climbed 3.6% YoY in March; core CPI rose 3.2%. The US Initial Jobless Claims fell to the lowest level in two months. The USD/JPY pair softens to near 142.25 in a thin trading volume session on Friday. The US Dollar (USD) edges lower against the Japanese Yen (JPY) amid concerns over the economic impact of tariffs. Data released by the Japan Statistics Bureau on Friday showed that the National Consumer Price Index (CPI) rose by 3.6% YoY in March, compared to the previous reading of 3.7%. Meanwhile, National CPI ex Fresh food came in at 3.2%…
France says Ukraine talks in Paris with U.S. officials shows Europe at the table Source link
Trump:China has reached out a number of timesWe’re talking to ChinaI don’t want to go higher on China tariffsSays he wants US Steel to remain in USIf China tariffs go higher, people won’t buyI think China deal will be made over the next 3 to 4 weeksI think we have a lot of timeLutnick:Confident we will work something out with ChinaThese are positive comments. This article was written by Adam Button at www.forexlive.com. Source link
The Greenback grabbed some much-needed oxygen on Maundy Thursday despite alternating risk appetite trends. In addition, investors shifted their attention to another round of the Trump-Powell effervescence after Trump urged the Fed to slash interest rates and said Chair Powell should be removed as soon as possible, repeating past threats to fire him. The comments came a day after Powell emphasised the Fed’s independence in a speech.Here is what you need to know on Friday, April 18: The US Dollar Index (DXY) posted decent gains on Thursday, although it maintained its business in the lower end of the recent range…
Treasury Secretary Bessent is reportedly to meet Italy’s economic minister on Tuesday at the G20 summit. Trump is expected to meet with Italy’s prime minister today.Italy’s Economic minister says:Tax policy including domestic digital levies is matter to be negotiated with US at bilateral not EU level.Italian Prime Minister Giorgia Meloni is scheduled to meet with President Trump today in Washington. Meloni seeks to balance national interests with EU solidarity, potentially advocating for increased purchases of American liquefied natural gas and military equipment to ease tensions. An EU spokesman said yesterday that they expect tariffs to be enacted eventually as trade…
EUR/USD slides to near 1.1340 as the ECB reduces its key borrowing rates by 25 bps, as expected.The ECB omits to comment that interest rates are still restrictive.Big progress in US-Japan trade talks has provided some relief to the US Dollar.EUR/USD faces selling pressure and declines to near 1.1340 during North American trading hours on Thursday. The major currency pair slides as the European Central Bank (ECB) has cut its key borrowing rates by 25 basis points (bps), as expected, pushing the Deposit Facility Rate and the Main Refinancing Operations Rate lower to 2.25% and 2.4%, respectively.This is the sixth…
UnitedHealth pulls the heaviest weight in the Dow and so them slashing earnings outlook for the year while reporting an earnings miss in Q1 is weighing on the index. Dow futures have erased earlier gains to be down 0.8% now with UNH shares indicated down by over 16% in pre-market trading.This is also weighing slightly on the broader market mood with S&P 500 futures seeing gains chipped away to 0.6%. Tech shares remain buoyed with Nasdaq futures up 1.0% at the moment. The drag on UnitedHealth is also weighing on other health insurers such as Elevance and CVS Health. The…