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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 Wednesday, according to FXStreet data. The Euro (EUR) to the Indian Rupee changes hands at 96.71, with the EUR/INR pair declining from its previous close at 96.95.

Bessent told French Fin Minister the idea of zero reciprocal tariffs wasn't unrealistic
French Finance Minister Lombard with the indiscretion
EUR

Switzerland April KOF leading indicator index 97.1 vs 101.5 expected
Latest data released by KOF - 30 April 2025
CHF

EUR/GBP holds positive ground near 0.8500 as traders await German, Eurozone GDP data
The EUR/GBP cross trades in positive territory near 0.8500 during the early European session on Wednesday. The Euro (EUR) remains strong after the German economic data. Traders will shift their attention to the advanced estimate of Q1 Gross Domestic Product (GDP) from Germany later on Wednesday.
Crosses
Germany
RetailSales
EURGBP
Macroeconomics

France April preliminary CPI (HICP) +0.8% vs +0.7% y/y expected
Latest data released by INSEE - 30 April 2025
EUR

Palladium price: Rare metals mixed at the start of the European session
Platinum Group Metals (PGMs) trade mixed at the beginning of Wednesday, according to FXStreet data. Palladium (XPD) changes hands at $938.30 a troy ounce, with the XPD/USD pair easing from its previous close at $939.50.
Metals
Platinum
Palladium

What are the main events for today?
We have lots of data on the agenda but the focus remains on that first trade deal announcement
market overview

Heads up: Chinese markets closure until next week
An extended break in observance of Labor Day
market overview

Crude Oil price today: WTI price bearish at European opening
West Texas Intermediate (WTI) Oil price falls on Wednesday, early in the European session. WTI trades at $59.37 per barrel, down from Tuesday’s close at $59.91.
Oil
WTI
Commodities

German Retail Sales rise 2.2% YoY in March vs. 4.9% previous
Retail Sales in Germany declined 0.2% month-over-month (MoM) in March, following the 0.8% growth reported in February, according to official data released by Destatis on Wednesday.
Germany
EconomicIndicator
RetailSales
EURUSD

Germany March import price index -1.0% vs -0.8% m/m expected
Latest data released by Destatis - 30 April 2025
EUR

Germany March retail sales -0.2% vs -0.4% m/m expected
Latest data released by Destatis - 30 April 2025
EUR

UK April Nationwide house prices -0.6% vs 0.0% m/m expected
Latest data released by Nationwide Building Society - 30 April 2025
GBP

Breaking: US GDP is expected to contract by 0.3% in the January–March period
The United States (US) economy contracted at an annualised rate of 0.3% in the first quarter of 2025, according to data released Wednesday by the Bureau of Economic Analysis (BEA), missing market forecasts of a 0.4% growth and coming down from the prior 2.4% expansion.
Breaking
GDP
UnitedStates
SEO
DollarIndex

EUR/USD flat lines below 1.1400 mark ahead of Eurozone/US macro data
The EUR/USD pair recovers a few pips from the vicinity of the mix-1.1300s, or the Asian session low, though it lacks any follow-through amid a modest US Dollar (USD) uptick. Spot prices currently trade around the 1.1375 area and remain confined in a familiar range held over the past week or so.
EURUSD
EconomicIndicator
ECB
Fed
Currencies

GBP/USD breaks below 1.3400 due to stronger US Dollar, BoE rate cut expectations
GBP/USD extends its decline for a second straight session, hovering near 1.3390 during Wednesday’s Asian trading. The pair is under pressure as the US Dollar strengthens on renewed optimism surrounding US-China trade developments.
UnitedKingdom
Majors
BOE
Macroeconomics
GBPUSD

France Q1 preliminary GDP +0.1% vs +0.1% q/q expected
Latest data released by INSEE - 30 April 2025
EUR

USD/CHF softens to near 0.6400 amid tariff uncertainty
The USD/CHF pair posts modest losses around 0.6410 during the early European session on Wednesday. The uncertainty surrounding trade policy continues to boost the safe-haven flows, supporting the Swiss Franc (CHF). The Swiss KOF Leading Indicator for April is due later on Wednesday.
Majors
USDCHF
Macroeconomics

FX option expiries for Apr 30 NY cut
FX option expiries for Apr 30 NY cut at 10:00 Eastern Time via DTCC can be found below.
Currencies
Options
USDJPY

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

AUD/JPY rises above 91.00 following key economic data from Australia, Japan
AUD/JPY edges higher after registering gains in the previous two sessions, trading around 91.30 during the Asian hours on Wednesday.
Crosses
Australia
AUDJPY
Japan
Macroeconomics

Silver Price Forecast: XAG/USD slides below $33.00; 200-period EMA on H4 holds the key for bulls
Silver (XAG/USD) struggles to capitalize on a modest Asian session uptick and slides back below the $33.00 mark, hitting a fresh daily low in the last hour.
Technical Analysis
Silver
Commodities
XAGUSD

Heads up: Germany states' CPI readings due later today
German states will be releasing their CPI prints for April today
EUR

WTI falls to near $59.50 due to weakening global economic growth, Oil demand
West Texas Intermediate (WTI) Oil price continues its decline for a third consecutive session, trading near $59.50 per barrel during Asian hours on Wednesday.
Oil
WTI
Macroeconomics
Commodities

Gold price hangs near daily low, bears flirt with $3,300 mark ahead of US macro releases
Gold price (XAU/USD) struggles to lure buyers and languishes near the daily low, just above the $3,300 mark through the first half of the European session on Wednesday as signs of easing US-China trade tensions continue to undermine safe-haven assets.
TradeWar
Fed
SEO
Gold
Commodities

ForexLive Asia-Pacific FX news: China factory activity stumbles, Australia inflation eases
Forex news for Asian trading on Apr 30, 2025
Session wrap
Wrap Asia

Trump will deliver 'Investing in America' remarks on Wednesday afternoon, US Eastern time
A heads up for Trump speaking on Wednesday, April 30, 2025
Politics
SPX
USD

USD/INR drifts higher amid heightened tensions between India and Pakistan
The Indian Rupee (INR) weakens on Wednesday, pressured by rising geopolitical tensions between India and Pakistan. Many tourist sites in Kashmir have been closed since Tuesday, as traders react to unverified reports of military activity.
EmergingMarkets
SEO
USDINR
India
Macroeconomics

Chinese markets closed tomorrow, Thursday, through to reopening on Tuesday next week
Labor Day holidays in China
China

USD/CAD holds gains near 1.3850 as trade optimism supports US Dollar
USD/CAD is holding gains for a second consecutive session, trading near 1.3840 during Wednesday’s Asian session. The pair remains supported as the US Dollar (USD) benefits from renewed optimism surrounding US-China trade developments.
Canada
USDCAD
Majors
Macroeconomics

NZD/USD remains confined in a narrow range below mid-0.5900s after Chinese PMIs
The NZD/USD pair struggles to gain any meaningful traction during the Asian session on Wednesday and languishes near the lower end of a nearly two-week-old trading range. Spot prices hold steady around the 0.5930 region and move little following the release of Chinese PMIs.
NZDUSD
China
PMI
TradeWar
Currencies

Australian Treasurer Chalmers: Market expects more interest rate cuts after inflation figures
Australian Treasurer Jim Chalmers said on Wednesday that “the market expects more interest rate cuts after inflation figures.”
Australia
RBA
Inflation
AUDUSD

Japanese Yen sticks to intraday losses; downside seems limited ahead of BoJ decision on Thursday
The Japanese Yen (JPY) remains depressed against its American counterpart heading into the European session on Wednesday as signs of easing US-China trade tensions undermine demand for safe-haven status.
RiskAppetite
TradeWar
BOJ
SEO
USDJPY

Australian Treasurer Chalmers says says the market expects more interest rate cuts
Chalmers painting an encouraging picture ahead of this weekend's election in Australia
RBA

Australian Dollar remains stronger as CPI rises in Q1, US Core PCE Price Index awaited
The Australian Dollar (AUD) is gaining ground on Wednesday following a more than 0.50% decline against the US Dollar (USD) in the previous session. The AUD/USD pair appreciates following the release of key economic data from Australia and China.
Australia
SEO
Majors
AUDUSD
Macroeconomics

China's Caixin Manufacturing PMI drops to 50.4 in April vs. 49.9 expected
China's Caixin Manufacturing Purchasing Managers' Index (PMI) fell to 50.4 in April from 51.2 in March, according to the latest data released on Wednesday.
Manufacturing
China
EconomicIndicator
AUDUSD
PMI

China Caixin Manufacturing PMI for April 2025 50.4 (expected 49.9, prior 51.2)
This is the private survey PMI, a solid beat result!
CNY
China Stock Market
China
CNH

China's NBS Manufacturing PMI contracts to 49 in April, Non-Manufacturing PMI dips to 50.4
China’s official Manufacturing Purchasing Managers' Index (PMI) contracted to 49 in April, compared to March’s 50.5. The reading came in below the market consensus of 49.9 in the reported month.
Manufacturing
China
EconomicIndicator
AUDUSD
PMI

China April official Manufacturing PMI 49.0 (expected of 49.5)
Non manufacturing 50.4 (expected 49.9)
CNY
China Stock Market
China
CNH