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GBPUSD dips back toward the 200 hour MA
GBPUSD dips back toward the 200 hour MA
The rising 200-hour MA comes in at 1.32573
GBP
USD
New Eurex Futures to Offer Hedging Tool for European Union Bonds
New Eurex Futures to Offer Hedging Tool for European Union Bonds
News Discussion Forum
By Finance Magnates
New Eurex Futures to Offer Hedging Tool for European Union Bonds
Eurex has announced it will launch futures on EU bonds starting in September. The new instrument aims to give traders a way to hedge exposure or gain market access and comes at a time when interest...
EUR/USD Price Analysis: Edges lower toward 1.1400 zone despite bullish trend structure
EUR/USD Price Analysis: Edges lower toward 1.1400 zone despite bullish trend structure
The EUR/USD pair eased lower on Wednesday, retreating slightly toward the 1.1400 zone after a recent bullish streak.
Technical Analysis
Currencies
EURUSD
Majors
Bullish
Why China's Xi will not call Trump
Why China's Xi will not call Trump
Xi doesn't do the calling
Politics
Bessent: No unilateral offer from Trump to cut China tariffs
Bessent: No unilateral offer from Trump to cut China tariffs
Some comments from Bessent and initial downside in stock markets
Politics
USD
EURUSD breaks below 200 hour MA
EURUSD breaks below 200 hour MA
Key support down at 1.0271 – 1.1275
EUR
USD
GBP/USD slips beneath 1.3300 as USD gains on Powell relief and trade optimism
GBP/USD slips beneath 1.3300 as USD gains on Powell relief and trade optimism
The Pound Sterling (GBP) depreciates against the Greenback on Wednesday, yet slightly recovered after diving to four-day lows of 1.3230. Traders seemed relieved that US President Donald Trump, although angry with Federal Reserve (Fed) Chair Powell, is not looking to sack him.
Currencies
Fed
Majors
GBPUSD
Canadian travel to US shows shows a steep decline
Canadian travel to US shows shows a steep decline
Statistics Canada released February travel data
US: How much revenue can tariffs bring? – Standard Chartered
US: How much revenue can tariffs bring? – Standard Chartered
Tariff revenue won't compensate for the fiscal costs of TCJA extensions. Added tariff revenues will be below 1% of GDP – most likely 0.5-0.9% of GDP. Unfunded tax cuts could put further upward pressure on US rates, Standard Chartered's analysts report.
US Elections
UnitedStates
Politics
Banks
Macroeconomics
CAD unruffled by overnight swings, holds range – Scotiabank
CAD unruffled by overnight swings, holds range – Scotiabank
The Canadian Dollar (CAD) is little changed on the day as spot continues to consolidate.
Technical Analysis
Canada
BOC
USDCAD
Banks
GBP jostled by sentiment, headline risks – Scotiabank
GBP jostled by sentiment, headline risks – Scotiabank
The Pound Sterling (GBP) weakens and enters Wednesday’s American session with a modest decline, trading in tandem with the Euro (EUR), around the Trump trade/Fed headlines, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Technical Analysis
Banks
GBPUSD
Revolut’s EU Trading Unit Gains MiFID II Upgrade from Lithuania Following €3.5 Million Fine
Revolut’s EU Trading Unit Gains MiFID II Upgrade from Lithuania Following €3.5 Million Fine
News Discussion Forum
By Finance Magnates
Revolut’s EU Trading Unit Gains MiFID II Upgrade from Lithuania Following €3.5 Million Fine
Revolut Securities Europe UAB (RSEUAB), the European trading subsidiary of Revolut, has received a license upgrade from the Bank of Lithuania.
revolut
fintech
Lithuania
MiFID II
MiFID2
Silver Price Forecast: XAG/USD jumps to near $33 as US-China trade tensions ease
Silver Price Forecast: XAG/USD jumps to near $33 as US-China trade tensions ease
Silver price (XAG/USD) trades firmly around $33.00 during North American trading hours on Wednesday. The white metal strengthens as fears of an intense trade war between the United States (US) and China have diminished after President Donald Trump signaled the possibility of a deal with Beijing.
Silver
SupportResistance
TradeWar
Fed
XAGUSD
S&P global manufacturing PMI for April 50.7 versus 49.1 estimate.
S&P global manufacturing PMI for April 50.7 versus 49.1 estimate.
S&P global manufacturing and services PMI data for April 2025.
White House considers slashing China tariffs to de-escalate trade war – WSJ
White House considers slashing China tariffs to de-escalate trade war – WSJ
The Wall Street Journal reported on Wednesday that the White House is considering slashing tariffs on Chinese goods to de-escalate the trade conflict.
China
UnitedStates
Politics
Macroeconomics
JPY fades as sentiment recovers – Scotiabank
JPY fades as sentiment recovers – Scotiabank
Japanese Yen (JPY) is soft, down 0.2% against the US Dollar (USD) and underperforming most of the G10 currencies, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Technical Analysis
BOJ
Japan
USDJPY
Banks
CME Group FX Volumes Jump 17% as Q1 Revenue Hits Record $1.6 Billion
CME Group FX Volumes Jump 17% as Q1 Revenue Hits Record $1.6 Billion
News Discussion Forum
By Finance Magnates
CME Group FX Volumes Jump 17% as Q1 Revenue Hits Record $1.6 Billion
CME Group Inc. (NASDAQ: CME ) reported a significant surge in foreign exchange (Forex) trading volumes as part of its record-breaking first quarter performance, with FX volumes jumping 16.
cme
CME Group
Q1 2025
EUR consolidated around 1.14 – Scotiabank
EUR consolidated around 1.14 – Scotiabank
The Euro (EUR) is soft and entering Wednesday’s NA session with a modest decline against the US Dollar (USD), having recovered from a short-lived bout of early Asian session weakness, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Technical Analysis
EURUSD
Banks
Why Is XRP Rising? Teucrium CEO Says It Has Greater Use Case Than Bitcoin
Why Is XRP Rising? Teucrium CEO Says It Has Greater Use Case Than Bitcoin
News Discussion Forum
By Finance Magnates
Why Is XRP Rising? Teucrium CEO Says It Has Greater Use Case Than Bitcoin
Teucrium CEO Sal Gilbertie has publicly highlighted the utility of the XRP token, calling it the cryptocurrency with the highest level of practical use.
ripple. xrp
XRP
XRP News
Ripple News
USD consolidates as trade/Fed concerns ease – Scotiabank
USD consolidates as trade/Fed concerns ease – Scotiabank
Markets are trading with a sense of relief this morning. Late yesterday, President Trump said he had no intention of firing Fed Chair Powell and remarked that the 145% tariffs on China could be reduced substantially following a trade deal.
Technical Analysis
Fed
Banks
DollarIndex
Monex Acquires 20% of Boston-Based Westfield Capital in Push Into U.S. Asset Management
Monex Acquires 20% of Boston-Based Westfield Capital in Push Into U.S. Asset Management
News Discussion Forum
By Finance Magnates
Monex Acquires 20% of Boston-Based Westfield Capital in Push Into U.S. Asset Management
Japan’s Monex Group has acquired a 20% stake in Boston-based Westfield Capital Management, a step the company aims to deepen its presence in the US asset management space.
monex-group
Monex
USDCHF rally stalls at key Fibonacci resistance after Trump-Powell boost
USDCHF rally stalls at key Fibonacci resistance after Trump-Powell boost
After reclaiming the 200-hour MA, USDCHF tests and rejects 38.2% retracement; focus shifts to 0.82307–0.82399 swing zone with buyers and sellers battling near key moving averages. After reclaiming the 200-hour MA, USDCHF tests and rejects 38.2% retracement; focus shifts to 0.82307–0.82399 swing zone with buyers and sellers battling near key moving averages.
CHF
USD
US PMIs, new home sales, Beige Book and Waller highlight the agenda
US PMIs, new home sales, Beige Book and Waller highlight the agenda
What's on the US economic calendar today
economic calendar
Trump's Trade Rhetoric: Tariffs, Tensions,  Market Volatility send the dollar up then down
Trump's Trade Rhetoric: Tariffs, Tensions, Market Volatility send the dollar up then down
A technical look at the EURUSD, USDJPY and GBPUSD to kickstart the trading day
ECB's Nagel: World economy is in very delicate situation
ECB's Nagel: World economy is in very delicate situation
In an interview with Bloomberg on Tuesday, European Central Bank (ECB) policymaker and Bundesbank President Joachim Nagel noted that the world economy is in a very delicate situation and said that they need to have a better understanding of how to find compromises on tariffs.
ECB
EURUSD
CentralBanks
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