Author: FX
USD/JPY could retest the seven-month low of 141.61, recorded on Thursday. If the 14-day Relative Strength Index falls below the 30 level, it could potentially trigger a short-term corrective rebound. The primary initial resistance is located near the nine-day EMA at 143.80. USD/JPY inches lower after registering gains in the previous session, trading around 142.40 during the Asian session on Friday. An analysis of the daily chart showed the pair moves downward within a descending channel, indicating a confirmed bearish bias. The USD/JPY pair continues to trade below the nine-day Exponential Moving Average (EMA), signaling subdued short-term momentum. Meanwhile, the…
The Australian Dollar moves little as trading activity remains subdued due to the Good Friday holiday. Trump struck an optimistic tone, suggesting a trade deal with China could be finalized within three to four weeks. Fed Chair Jerome Powell cautioned that a weak economy combined with sustained inflation could heighten the risk of stagflation. The Australian Dollar (AUD) remains subdued on Friday following a seven-day winning streak. However, the AUD/USD pair may regain its ground as the US Dollar (USD) weakens amid growing concerns over the economic impact of tariffs on the United States (US). Market participants are closely monitoring…
Gold price edges lower in Friday’s early European session, pressured by profit-taking. Mounting uncertainty about tariffs and recession fears could boost the safe-haven flows, supporting the Gold price. Fed’s Daly is set to speak later on Friday. The Gold price (XAU/USD) holds steady on Friday after retreating from an all-time high of $3,358 as investors book profits during a long Easter weekend. Significant uncertainty over US President Donald Trump’s tariffs on imports into the US and ongoing geopolitical tensions could underpin the Gold price, which is known as a safe haven asset.On the other hand, the Federal Reserve (Fed) Chair Jerome Powell turned…
Schwab stock was up about 2% on the day Charles Schwab (NASDAQ: SCHW) had an excellent first quarter, as trading revenue for the brokerage leader jumped significantly amid the volatility that dominated the first quarter. Schwab saw its revenue spike 18% year-over-year in the quarter to $5.6 billion, which topped estimates of $5.5 billion. Net income rose 40% to $1.9 billion, while earnings skyrocketed 46% to 99 cents per share. On an adjusted basis, earnings were $1.04 per share, which beat estimates of $1.01 per share. There were two overriding reasons why Schwab’s earnings spiked in the volatile first quarter.…
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