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News Discussion Forum
By
Fxstreet
Forex Today: US Dollar consolidates recovery gains, attention shifts to PMI data
Here is what you need to know on Wednesday, April 23:
Currencies
Majors
EconomicIndicator
Commodities
Macroeconomics


News Discussion Forum
By
Finance Magnates
SEC Alleges PGI's Forex Operations Diverted $57 Million to Fund Luxury Lifestyle
. The Securities and Exchange Commission ( SEC ) has filed charges against Ramil Palafox for allegedly defrauding investors worldwide of approximately $198 million through his company PGI Global, w...
sec
Ponzi Scheme


News Discussion Forum
By
Fxstreet
EUR/GBP tumbles to near 0.8550 ahead of Eurozone/UK PMI data
The EUR/GBP cross trades in the negative territory near 0.8550 during the early European session on Wednesday. The dovish stance of the European Central Bank (ECB) weighs on the Euro (EUR) against the Pound Sterling.
Crosses
EURGBP
Macroeconomics


News Discussion Forum
By
Forex Live
What are the main events for today?
The highlights include Flash PMIs and central bank speakers, but the focus remains on tariff related news
market overview


News Discussion Forum
By
Forex Live
Eurostoxx futures +1.6% in early European trading
A more positive mood after the Wall Street gains
Stocks


News Discussion Forum
By
Fxstreet
FX option expiries for Apr 23 NY cut
FX option expiries for Apr 23 NY cut at 10:00 Eastern Time via DTCC can be found below.
Currencies
Options
NZDUSD


News Discussion Forum
By
Forex Live
It's a question of when and not if the market rhetoric will turn again
Policy consistency and coherence are things that haven't been a pillar of Trump's tariffs war
market overview


News Discussion Forum
By
Forex Live
FX option expiries for 23 April 10am New York cut
A look at what is on the board for today
USD


News Discussion Forum
By
Fxstreet
GBP/USD trades lower around 1.3300, retreats from seven-month highs due to US optimism
GBP/USD extended its losses during Wednesday’s Asian session, trading around 1.3300 after pulling back from a seven-month high of 1.3424 recorded in the previous session.
UnitedKingdom
Majors
Macroeconomics
GBPUSD


News Discussion Forum
By
Fxstreet
USD/CHF Price Forecast: Outlook remains bearish below 0.8250
The USD/CHF pair drifts higher to near 0.8225 during the early European session on Wednesday, bolstered by the renewed US Dollar (USD) demand. Hope for the US-China trade deal provides a boost for investors.
Majors
USDCHF
Macroeconomics


News Discussion Forum
By
Forex Live
And round and round we go..
Trump backs down to provide some relief for US markets
market overview


News Discussion Forum
By
Fxstreet
EUR/USD Price Forecast: Bounces off 1.1300 neighborhood; shows resilience below 23.6% Fibo.
The EUR/USD pair attracts some follow-through selling for the second straight day on Wednesday and drops to a one-week low during the Asian session. Spot prices, however, rebound a few pips from the 1.1300 neighborhood and currently trade around the 1.1380 region, still down over 0.35% for the day.
EURUSD
Fed
RiskAppetite
Technical Analysis
Currencies


News Discussion Forum
By
Fxstreet
India Gold price today: Gold falls, according to FXStreet data
Gold prices fell in India on Wednesday, according to data compiled by FXStreet.
Gold
Commodities
Metals
India


News Discussion Forum
By
Fxstreet
Silver Price Forecast: XAG/USD holds position above $32.50 despite easing Fed concerns
Silver price (XAG/USD) retraces its recent losses from the previous session, trading around $32.70 per troy ounce during the Asian hours on Wednesday. However, prices of grey metal faced headwinds as investor optimism grew over the Federal Reserve's (Fed) independence.
Silver
Metals
Commodities
Macroeconomics
XAGUSD


News Discussion Forum
By
Forex Live
Economists now more split on next BOJ rate hike - poll
The findings from Reuters' latest poll on the BOJ outlook
BOJ


News Discussion Forum
By
Fxstreet
EUR/JPY hangs near daily low, below 162.00 as traders eye Eurozone PMIs for fresh impetus
The EUR/JPY cross struggles to capitalize on its modest Asian session gains and attracts some intraday sellers in the vicinity of mid-162.00s on Wednesday.
RiskAppetite
Currencies
BOJ
EURJPY
PMI


News Discussion Forum
By
Fxstreet
Gold price touches fresh weekly low, below $3,300 amid easing US-China trade tensions
Gold price (XAU/USD) extends its steady intraday descent through the first half of the European session and momentarily slips below the $3,300 mark in the last hour as the upbeat market mood conditions undermine demand for safe-haven assets.
RiskAppetite
Fed
SEO
Gold
Commodities


News Discussion Forum
By
Fxstreet
WTI extends gains to near $64.00 on Iran sanctions, falling US inventories
West Texas Intermediate (WTI) Oil price extends its rally for a second straight session, trading around $63.90 per barrel during Asian hours on Wednesday. The continued rise in Oil prices comes amid fresh United States (US) sanctions on Iran and signs of tightening supply.
Oil
WTI
Macroeconomics
Commodities
Majors


News Discussion Forum
By
Forex Live
ForexLive Asia-Pacific FX news wrap: Trump 'won't fire Powell' comment: Equities & USD up
Forex news for Asian trading on Apr 23, 2025
Session wrap
Wrap Asia


News Discussion Forum
By
Fxstreet
USD/INR gains traction as traders await US PMI release
The Indian Rupee (INR) edges lower on Wednesday as rising crude oil prices and a renewed US Dollar (USD) demand weigh on sentiment and drag the Indian currency lower. The terrorist attack in Kashmir, India, contributes to the INR's downside.
EmergingMarkets
SEO
USDINR
India
Macroeconomics


News Discussion Forum
By
Forex Live
Shanghai Gold exchange has increased the trade margin for some gold futures contracts
Sto 13% from 12%
Gold


News Discussion Forum
By
Forex Live
Japan economy minister Akazawa could visit U.S. for tariff talks as early as April 30
Japan media reporting
JPY


News Discussion Forum
By
Fxstreet
USD/CAD trades higher near 1.3850 due to potential de-escalation of ongoing tariff dispute
USD/CAD edges higher, rebounding from two consecutive sessions of losses, and is trading near 1.3830 during Asian hours on Wednesday.
Canada
Oil
USDCAD
Majors
Macroeconomics


News Discussion Forum
By
Forex Live
ECB's Lane, Knot, and Cipollone speaking on Wednesday, April 23, 2025
European Central Bank
ECB


News Discussion Forum
By
Fxstreet
Japanese Yen climbs to the top end of its daily range against USD; bullion potential seems intact
The Japanese Yen (JPY) recovers early lost ground to a one-week trough touched against its American counterpart earlier this Wednesday and climbs to the top end of the daily range heading into the European session.
RiskAppetite
TradeWar
BOJ
SEO
USDJPY


News Discussion Forum
By
Forex Live
BMW will integrate DeepSeek’s AI into its new vehicles sold in China from late 2025.
DeepSeek is Chinese startup AI firm
CNY
China Stock Market
China
CNH


News Discussion Forum
By
Fxstreet
NZD/USD strengthens above 0.5950 amid hopes for US-China trade deal
The NZD/USD pair gathers strength to around 0.5980 during the Asian trading hours on Wednesday. The New Zealand Dollar (NZD) has risen to its highest level since early November 2024 against the US Dollar (USD) after the optimistic comments from the US Treasury Secretary Scott Bessent.
Majors
NZDUSD
Macroeconomics


News Discussion Forum
By
Fxstreet
Australian Dollar holds gains as US Dollar remains subdued ahead of S&P Global PMI data
The Australian Dollar (AUD) recovered some ground on Wednesday, retracing its losses from the previous session.
Australia
SEO
Majors
AUDUSD
Macroeconomics


News Discussion Forum
By
Fxstreet
PBOC sets USD/CNY reference rate at 7.2116 vs. 7.2074 previous
On Wednesday, the People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.2116 as compared to the previous day's fix of 7.2074.
Currencies
CentralBanks
USDCNY
PBOC


News Discussion Forum
By
Forex Live
PBOC sets USD/ CNY mid-point today at 7.2116 (vs. estimate at 7.3466)
PBOC CNY reference rate setting for the trading session ahead.
CNY
China Stock Market
China
CNH
pboc


News Discussion Forum
By
Fxstreet
ECB's Villeroy: Trump’s trade policies will weaken financial stability and growth
European Central Bank member Francois Villeroy de Galhau said on Tuesday that US President Donald Trump’s trade tirades dampen economic growth, including for the US, and threaten to undermine financial stability, per Bloomberg.
ECB
Eurozone
CentralBanks
Macroeconomics


News Discussion Forum
By
Forex Live
ECB's Villeroy warns that Trump's trade policies will weaken financial stability & growth
European Central Bank's Francois Villeroy de Galhau
ECB


News Discussion Forum
By
Forex Live
Japan flash April manufacturing PMI 48.5 (prior 48.4)
Japan Jibun Bank PMI Manufacturing April 2025 Preliminary
JPY


News Discussion Forum
By
Fxstreet
GBP/USD weakens below 1.3300 as US Dollar rises
The GBP/USD pair remains weak near 1.3280 during the early Asian session on Wednesday. Comments by US Treasury Secretary Scott Bessent hint at a thaw in US-China trade tensions, fueling optimism in markets and strengthening the US Dollar (USD) against the Pound Sterling (GBP).
Majors
Macroeconomics
GBPUSD


News Discussion Forum
By
Forex Live
PBOC is expected to set the USD/CNY reference rate at 7.3466 – Reuters estimate
PBOC CNY reference rate setting for the trading session ahead.
CNY
China Stock Market
China
CNH
pboc


News Discussion Forum
By
Forex Live
JP Morgan forecast gold prices above US$4K by Q2 2026
Central bank demand underpinning
Gold


News Discussion Forum
By
Fxstreet
US will aim for UK to lower its automotive tariff - WSJ
The United States is preparing its terms for trade talks with the United Kingdom, according to people familiar with the plans, aiming for London to reduce levies and other non-tariff barriers on a wide range of US goods.
TradeWar
UnitedStates
UnitedKingdom
Macroeconomics