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Indian Govt: Indian, US officials meet in Washington, trade talks make positive progress
Indian Govt: Indian, US officials meet in Washington, trade talks make positive progress
Comments from the Indian Government on the trade negotiations progress
Politics
Silver price today: Silver rises, according to FXStreet data
Silver price today: Silver rises, according to FXStreet data
Silver prices (XAG/USD) rose on Tuesday, according to FXStreet data.
Silver
Commodities
Metals
USD/CNH fails to sustain break above 7.37 – Société Générale
USD/CNH fails to sustain break above 7.37 – Société Générale
USD/CNH's attempt to break above key resistance at 7.37 lost traction, with the pair retreating sharply after hitting 7.43. Now trading below its 50-day moving average, the currency risks further losses unless it can reclaim 7.32 in the short term, Société Générale's FX analysts note.
Technical Analysis
USDCNH
Banks
Gold flirts with 1% loss on Tuesday while markets see tariff fears have peaked
Gold flirts with 1% loss on Tuesday while markets see tariff fears have peaked
Gold price (XAU/USD) is seeing buyers and sellers being pushed towards each other as Bullion gears up for a breakout, currently trading around $3,313 at the time of writing on Tuesday.
TradeWar
UnitedStates
SEO
Gold
Commodities
GBP/USD tests key resistance at 1.3430–1.3500 – Société Générale
GBP/USD tests key resistance at 1.3430–1.3500 – Société Générale
The Pound Sterling (GBP) is approaching a critical technical zone against the US dollar, challenging last year's high and the top of a long-term ascending channel.
Technical Analysis
Banks
GBPUSD
EUR/JPY holds gains near 162.50, downside seems possible due to ECB’s dovish signals
EUR/JPY holds gains near 162.50, downside seems possible due to ECB’s dovish signals
EUR/JPY gains ground after registering more than 0.50% losses in the previous session, trading around 162.40 during European hours on Tuesday.
Crosses
Eurozone
Japan
EURJPY
Macroeconomics
ECB survey: Eurozone Consumer Inflation Expectations rise to 2.9% over next 12 months in March
ECB survey: Eurozone Consumer Inflation Expectations rise to 2.9% over next 12 months in March
The latest monthly Consumer Expectations Survey by the European Central Bank showed on Tuesday that Eurozone inflation is seen notably higher for the year ahead in March.
ECB
EURUSD
CentralBanks
Inflation
Liberals secure fourth term; Carney becomes PM – Danske Bank
Liberals secure fourth term; Carney becomes PM – Danske Bank
Early this morning, Canada's Liberal Party secured a fourth consecutive term, with Carney elected Prime Minister, as widely expected, Danske Bank's FX analysts report, Danske Bank's FX analysts report.
Canada
Banks
EUR/USD holds steady amid USD weakness – Danske Bank
EUR/USD holds steady amid USD weakness – Danske Bank
EUR/USD remains stable in the 1.13-1.14 range, Danske Bank's FX analysts report.
Currencies
EURUSD
Majors
Banks
Canadian Liberals likely to win the election – Commerzbank
Canadian Liberals likely to win the election – Commerzbank
Based on the latest polls, it should no longer be too surprising that the Canadian Liberals appear to have won the recent election, Commerzbank's FX analyst Michael Pfister notes.
Technical Analysis
Canada
BOC
USDCAD
Banks
AUD/JPY climbs to near 91.50 as decreasing safe-haven demand weighs on Japanese Yen
AUD/JPY climbs to near 91.50 as decreasing safe-haven demand weighs on Japanese Yen
AUD/JPY gains ground after registering more than 0.50% losses in the previous session, trading around 91.50 during the European hours on Tuesday.
Crosses
Australia
AUDJPY
Japan
Macroeconomics
Eurozone April final consumer confidence -16.7 vs -16.7 prelim
Eurozone April final consumer confidence -16.7 vs -16.7 prelim
Latest data released by the European Commission - 29 April 2025
Oil slides on weakening demand concerns – ING
Oil slides on weakening demand concerns – ING
Oil prices edged lower in the early trading session today amid concerns that the US-led trade war will hurt energy demand, continuing the declines seen towards the end of yesterday, ING's commodity experts Ewa Manthey and Warren Patterson note.
Oil
Energy
Brent
Commodities
Banks
USD: A few days of key data ahead – ING
USD: A few days of key data ahead – ING
The US Dollar’s underwhelming start of the week served as a reminder that even if the worst of the confidence crisis on the dollar’s reserve value may be past us, markets remain very much minded to link the greenback’s faith with US economic performance.
Fed
UnitedStates
Banks
DollarIndex
Gold under pressure – ING
Gold under pressure – ING
Gold edges lower in the European session, ING's commodity experts Ewa Manthey and Warren Patterson note.
XAUUSD
Metals
Gold
Banks
Tariff shenanigans weigh on the USD – OCBC
Tariff shenanigans weigh on the USD – OCBC
Tariff developments remain fluid even if we are in a de-escalation phase. Trump/Bessent continued to speak about how 'all aspects' of the US government are in contact with China regarding trade even as Beijing denied the existence of negotiations.
Technical Analysis
Banks
DollarIndex
CAD: Carney projected to lead minority government – ING
CAD: Carney projected to lead minority government – ING
Canadian media projects that the Liberal party has won the general election, and Mark Carney has been confirmed as prime minister. The results have, however, been much narrower than implied by polls. Liberals are currently projected at 167 parliament seats, short of the 172 majority.
Technical Analysis
Canada
BOC
USDCAD
Banks
Stagflation fears rise as US manufacturing slumps – Commerzbank
Stagflation fears rise as US manufacturing slumps – Commerzbank
The Dallas Fed's Manufacturing Activity Indicator delivered more bad news yesterday. At roughly -36, it was almost 19 points worse than expected. New orders plummeted significantly, while prices paid rose significantly. No wonder that the US dollar came under pressure again yesterday.
Manufacturing
Fed
UnitedStates
Banks
DollarIndex
EUR/USD: Watch price action – OCBC
EUR/USD: Watch price action – OCBC
Euro (EUR) drifted lower after rising to >3Y high of 1.1570 levels last week. De-escalation in tariff angst somewhat slowed USD’s decline and helped to moderate the pace of rally in EUR. EUR was last seen at 1.1390 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
Technical Analysis
EURUSD
Banks
ECB consumer survey shows 1 year inflation expectations rising to 2.9%
ECB consumer survey shows 1 year inflation expectations rising to 2.9%
The highlights from the ECB consumer survey on inflation and growth expectations
EUR: Losing some shine – ING
EUR: Losing some shine – ING
The euro has lost some momentum as the go-to European currency amid US Dollar (USD) outflows. Since the start of the week, it has been outperformed by all other G10 currencies except for USD, CAD and NZD.
Technical Analysis
EURUSD
Banks
NZD/USD Price Forecast: Finds psychological support at 0.5950 near nine-day EMA
NZD/USD Price Forecast: Finds psychological support at 0.5950 near nine-day EMA
The NZD/USD pair remains subdued after registering gains in the previous session, trading around 0.5970 during European hours on Tuesday.
Technical Analysis
Majors
NZDUSD
Eurozone March M3 money supply +3.6% vs +4.0% y/y expected
Eurozone March M3 money supply +3.6% vs +4.0% y/y expected
Latest data released by the ECB - 29 April 2025
Breaking: US JOLTS Job Openings decline to 7.19 million in March vs. 7.5 million expected
Breaking: US JOLTS Job Openings decline to 7.19 million in March vs. 7.5 million expected
The number of job openings on the last business day of March stood at 7.19 million, the US Bureau of Labor Statistics (BLS) reported in the Job Openings and Labor Turnover Survey (JOLTS) on Tuesday.
UnitedStates
SEO
Employment
EconomicIndicator
Breaking
Pound Sterling corrects against USD, US Job Openings data misses estimates
Pound Sterling corrects against USD, US Job Openings data misses estimates
The Pound Sterling (GBP) corrects below 1.3400 against the US Dollar (USD) during North American trading hours on Tuesday from its fresh three-year high of 1.3445 posted earlier in the day.
TradeWar
Fed
SEO
BOE
GBPUSD
US Dollar Index maintains position above 99.00 as US-China trade concerns weaken
US Dollar Index maintains position above 99.00 as US-China trade concerns weaken
The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against a basket of six major currencies, is rebounding after falling over 0.50% in the previous session. The DXY is trading around 99.20 during the European hours on Monday.
DollarIndex
Fed
Macroeconomics
Majors
China’s Commerce Ministry: If the US wants resolution, it should stop making threats
China’s Commerce Ministry: If the US wants resolution, it should stop making threats
A Chinese Commerce Ministry spokesperson said on Tuesday that “if the US wants resolution, it should stop making threats.”
China
TradeWar
UnitedStates
AUDUSD
China: If US wants resolution, it should stop making threats
China: If US wants resolution, it should stop making threats
China's Ministry of Commerce spokesperson speaking
ECB’s Cipollone: Trade policy uncertainty could reduce business investment
ECB’s Cipollone: Trade policy uncertainty could reduce business investment
European Central Bank (ECB) Executive Board member Piero Cipollone said that “trade policy uncertainty could reduce business investment.”
ECB
EURUSD
CentralBanks
InterestRate
EUR/INR: Indian Rupee cross rates down at the start of the European session
EUR/INR: Indian Rupee cross rates down at the start of the European session
Indian Rupee (INR) crosses trade with a negative bias at the start of Tuesday, according to FXStreet data. The Euro (EUR) to the Indian Rupee changes hands at 97.17, with the EUR/INR pair declining from its previous close at 97.26.
USDINR
EmergingMarkets
Currencies
Macroeconomics
CROSS
USD/CAD holds gains near 1.3850 as Canadian Liberals fail to secure majority government
USD/CAD holds gains near 1.3850 as Canadian Liberals fail to secure majority government
USD/CAD has recovered its intraday losses, trading around 1.3840 during early European hours on Tuesday. The pair appreciates as the Canadian Dollar (CAD) loses ground following election results in Canada.
Canada
USDCAD
Majors
Macroeconomics
Spain Q1 preliminary GDP +0.6% vs +0.7% q/q expected
Spain Q1 preliminary GDP +0.6% vs +0.7% q/q expected
Latest data released by INE - 29 April 2025
Forex Today: US Dollar holds ground following Monday's choppy action
Forex Today: US Dollar holds ground following Monday's choppy action
Here is what you need to know on Tuesday, April 29:
Currencies
Majors
EconomicIndicator
Commodities
Macroeconomics
Spain April Flash CPI 2.2% vs 2.3% expected
Spain April Flash CPI 2.2% vs 2.3% expected
Latest data released by INE - 29 April 2025
Palladium price: Rare metals down at the start of the European session
Palladium price: Rare metals down at the start of the European session
Platinum Group Metals (PGMs) trade with a negative tone at the beginning of Tuesday, according to FXStreet data. Palladium (XPD) changes hands at $947.45 a troy ounce, with the XPD/USD pair easing from its previous close at $949.15.
Metals
Palladium
Commodities
EUR/GBP loses ground below 0.8500, investors await BoE’s Ramsden speech
EUR/GBP loses ground below 0.8500, investors await BoE’s Ramsden speech
The EUR/GBP cross extends its downside to near 0.8490 during the early European session on Tuesday. The Euro (EUR) softens against the Pound Sterling (GBP) due to the dovish remarks from the European Central Bank (ECB).
Crosses
EURGBP
Macroeconomics
What are the main events for today?
What are the main events for today?
The highlights include the Spanish CPI, the US Job Openings and the US Consumer Confidence data, but the focus will be on Bessent and Lutnick
market overview
Crude Oil price today: WTI price bearish at European opening
Crude Oil price today: WTI price bearish at European opening
West Texas Intermediate (WTI) Oil price falls on Tuesday, early in the European session. WTI trades at $61.15 per barrel, down from Monday’s close at $61.64.
Oil
WTI
Commodities
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