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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
ECB's Nagel: The Euro area is in stagnation picture this year
ECB's Nagel: The Euro area is in stagnation picture this year
Comments from the ECB policymaker, Joachim Nagel
Forexlive European FX news wrap: The mood remains positive following Trump's comments
Forexlive European FX news wrap: The mood remains positive following Trump's comments
Forex news from the European morning session on Apr 23, 2025
Session wrap
Wrap Europe
Copper price recovers, but the physical market is still well supplied – Commerzbank
Copper price recovers, but the physical market is still well supplied – Commerzbank
The Copper price can make up further ground after the Easter break.
Banks
Metals
Copper
Commodities
AUD/USD surges to near 0.6420 as Trump expects de-escalation in US-China trade war
AUD/USD surges to near 0.6420 as Trump expects de-escalation in US-China trade war
AUD/USD gains sharply to near 0.6420 as the US Dollar gives up intraday gains.
Australia
China
Fed
UnitedStates
AUDUSD
Swiss Gold exports in the first quarter split in two – Commerzbank
Swiss Gold exports in the first quarter split in two – Commerzbank
The data on Gold exports in March published by the Swiss customs authority last Thursday showed a split picture, as in the two previous months, Commerzbank's commodity analyst Carsten Fritsch notes.
XAUUSD
Metals
Gold
Banks
Decline in Silver demand leads to lower supply deficit on the Silver market – Commerzbank
Decline in Silver demand leads to lower supply deficit on the Silver market – Commerzbank
The fact that Silver cannot keep pace with gold is explained by the importance of industrial demand, which is developing less dynamically than previously expected, Commerzbank's commodity analyst Carsten Fritsch notes.
Silver
Metals
Banks
XAGUSD
US Dollar flat on Trump’s softening towards China, Powell
US Dollar flat on Trump’s softening towards China, Powell
The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, is trading flat to marginally higher around 99.20 at the time of writing on Wednesday after a pop in early Asian trading towards the 100.00 big figure got completely erased.
TradeWar
UnitedStates
SEO
Macroeconomics
DollarIndex
Elon Musk to Scale Back DOGE Role Amid Tesla's Profit Plunge
Elon Musk to Scale Back DOGE Role Amid Tesla's Profit Plunge
News Discussion Forum
By Finance Magnates
Elon Musk to Scale Back DOGE Role Amid Tesla's Profit Plunge
Elon Musk plans to lessen his role in the Department of Government Efficiency (DOGE) as Tesla's profits fall sharply, Musk will address challenges.
DOGE
elon musk
tesla
US MBA mortgage applications w.e. 18 April -12.7% vs -8.5% prior
US MBA mortgage applications w.e. 18 April -12.7% vs -8.5% prior
Latest data from the Mortgage Bankers Association for the week ending 18 April 2025
Silver price continues to lag behind Gold – Commerzbank
Silver price continues to lag behind Gold – Commerzbank
While the Gold price is rushing from record to record and the rise recently even gained momentum, the Silver price has not even fully made up for the price drop at the beginning of April, Commerzbank's commodity analyst Carsten Fritsch notes.
Silver
Metals
Gold
Commodities
Banks
Compensatory cuts are likely to limit OPEC+ production expansion – Commerzbank
Compensatory cuts are likely to limit OPEC+ production expansion – Commerzbank
Last week, OPEC published a new compensation plan to offset the previous overproduction, Commerzbank's commodity analyst Carsten Fritsch notes.
Oil
OPEC
Energy
Banks
Oil price recovers significantly – Commerzbank
Oil price recovers significantly – Commerzbank
The Brent oil price rose significantly yesterday and regained last Thursday's interim high of just over $68 per barrel in the morning, Commerzbank's commodity analyst Carsten Fritsch notes.
Oil
Energy
Brent
Banks
Attack on the Fed boosts Gold – Commerzbank
Attack on the Fed boosts Gold – Commerzbank
Following the US President's verbal attack on Federal Reserve Chairman Powell, the price of Gold reached a new record high of $3,500 per troy ounce. In euro terms, the precious metal has now also broken through the 3,000 mark, Commerzbank's commodity analyst Carsten Fritsch notes.
XAUUSD
Metals
Gold
Commodities
Banks
Bitcoin Price Hits Two-Month High, Ethereum, Dogecoin, XRP, and Other Cryptos Skyrocket
Bitcoin Price Hits Two-Month High, Ethereum, Dogecoin, XRP, and Other Cryptos Skyrocket
News Discussion Forum
By Finance Magnates
Bitcoin Price Hits Two-Month High, Ethereum, Dogecoin, XRP, and Other Cryptos Skyrocket
Bitcoin price surges to a two-month high above $93,000, driving a cryptocurrency market rally with Ethereum, Dogecoin, XRP, and Solana gaining 7-11%.
Bitcoin Price
Bitcoin news
bitcoin
BTC
crypto
The S&P 500 is eyeing the key resistance zone again as the market remains optimistic
The S&P 500 is eyeing the key resistance zone again as the market remains optimistic
The S&P 500 continues to fade negative news and rally strongly on positive developments as markets look forward to more de-escalation. What's next?
S&P Futures
USD/CAD Price Forecast: Falls back to near 1.3800
USD/CAD Price Forecast: Falls back to near 1.3800
The USD/CAD pair retreats from the high of 1.3860 posted earlier in the day to near 1.3800 during European trading hours on Wednesday.
USDCAD
TradeWar
Canada
China
UnitedStates
360T and CobaltFX Introduce PFE Model for Automated FX Swaps Trading
360T and CobaltFX Introduce PFE Model for Automated FX Swaps Trading
News Discussion Forum
By Finance Magnates
360T and CobaltFX Introduce PFE Model for Automated FX Swaps Trading
360T has entered into a partnership with CobaltFX to increase the number of credit models available on its Swaps User Network (SUN).
360t
CobaltFX
institutional
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