FT reports Trump's top economic adviser Miran 'out of his depth' in hedge fund Q&A
FT reports Trump's top economic adviser Miran 'out of his depth' in hedge fund Q&A
Miran addressed hedge funds and other major investors, he was described as incoherent and out of his depth, just spouting talking points.
Bonds
Gold Price Forecast: XAU/USD drifts lower to near $3,310 ahead of key US data releases 
Gold Price Forecast: XAU/USD drifts lower to near $3,310 ahead of key US data releases 
The Gold price (XAU/USD) extends the decline to near $3,315 during the early Asian session on Wednesday. The precious metal edges lower amid easing trade tensions and better risk sentiment in global markets.
XAUUSD
Gold
Commodities
Macroeconomics
Japan March retail sales +3.1% y/y (vs. expected +3.5%)
Japan March retail sales +3.1% y/y (vs. expected +3.5%)
The Bank of Japan meets April 30 and May 1 and are expected to leave policy unchanged
Japan March 2025 preliminary industrial production -1.1% m/m (expected -0.4%)
Japan March 2025 preliminary industrial production -1.1% m/m (expected -0.4%)
The Bank of Japan meet today and May 1, this data is unlikely to sway them either way
EUR/USD gathers strength to near 1.1400 ahead of German data, US PCE releases
EUR/USD gathers strength to near 1.1400 ahead of German data, US PCE releases
The EUR/USD pair gains ground to near 1.1390 during the early Asian session on Wednesday. The US Dollar (USD) edges lower against the Euro (EUR) due to softer-than-expected US economic data.
EURUSD
Majors
Macroeconomics
UK April business sentiment fell to its lowest level in three months
UK April business sentiment fell to its lowest level in three months
Lloyds Business Barometer for April 2025 fell to 39, from its previous month's reading of 49
Trump says Federal Reserve 'person' is not doing a good job
Trump says Federal Reserve 'person' is not doing a good job
Trump appears to be unable to recall Federal Reserve Chair Powell's name?
Politics
Fed
Mexican Peso firms as softer US data boosts risk appetite
Mexican Peso firms as softer US data boosts risk appetite
The Mexican Peso (MXN) appreciated against the US Dollar (USD) after touching a daily low of 19.65, as risk appetite improved following the release of softer-than-expected data. At the time of writing, USD/MXN trades at 19.56, down 0.12%.
Mexico
SEO
USDMXN
Banxico
Fundamental Analysis
US equity index have gapped a little lower upon Globex reopening for evening trade
US equity index have gapped a little lower upon Globex reopening for evening trade
'Overnight' trade on Globex has begun, offering up some lower prices
SPX
Nasdaq
USD/JPY edges higher as softer US data weighs on yields despite trade uncertainty
USD/JPY edges higher as softer US data weighs on yields despite trade uncertainty
The USD/JPY pair is trading around the 142.00 handle during the North American session on Tuesday. The pair saw some upward movement as the US Dollar (USD) steadied following the release of softer-than-expected US JOLTS Job Openings data and a sharp drop in Consumer Confidence.
Technical Analysis
Currencies
Majors
USDJPY
US inflation data due Wednesday - what investment banks expect for March PCE
US inflation data due Wednesday - what investment banks expect for March PCE
PCE price index is due at 10 am US Eastern time on Wednesday. 1400 GMT
SPX
Fed
USD
EUR/JPY Price Analysis: Bullish Momentum Holds Despite Minor Dip Before Asia
EUR/JPY Price Analysis: Bullish Momentum Holds Despite Minor Dip Before Asia
In the lead-up to Tuesday's Asian trading session, EUR/JPY has seen a minor decline, trading near the 162.00 mark. Despite a sell signal from one momentum indicator, the broader technical landscape suggests underlying bullish strength, supported by several key moving averages.
Crosses
Technical Analysis
Currencies
EURJPY
Bullish
Australia CPI expected to slip further in Q1, backing RBA’s dovish policy path
Australia CPI expected to slip further in Q1, backing RBA’s dovish policy path
Australia will release multiple inflation figures on Wednesday and financial markets anticipate price pressures easing further at the beginning of 2025, paving the way for additional Reserve Bank of Australia (RBA) interest rate cuts.
RBA
TradeWar
CPI
AUDUSD
Reminder - Goldman Sachs expects the US dollar has further to fall
Reminder - Goldman Sachs expects the US dollar has further to fall
And will exacerbate inflationary pressure in the US
AUD/NZD Price Analysis: Bearish signals emerge ahead of Asia open
AUD/NZD Price Analysis: Bearish signals emerge ahead of Asia open
The AUD/NZD has experienced some downward pressure, hovering near the 1.07 zone on Tuesday. Despite mixed signals from some momentum indicators, the longer-term technical picture appears to favor the bears, with several moving averages reinforcing this sentiment.
Crosses
Technical Analysis
Australia
Currencies
AUDNZD
Canadian Prime Minister Carney and Trump spoke on the phone
Canadian Prime Minister Carney and Trump spoke on the phone
Trump's threats gave Carney a huge boost in the election
Oil: private survey of inventory shows headline crude oil build much larger than expected
Oil: private survey of inventory shows headline crude oil build much larger than expected
This is from the privately surveyed oil stock data ahead of official government data tomorrow morning out of the US.
Wall Street Could Soon Trade Dogecoin as Nasdaq Submits ETF Application
Wall Street Could Soon Trade Dogecoin as Nasdaq Submits ETF Application
News Discussion Forum
By Finance Magnates
Wall Street Could Soon Trade Dogecoin as Nasdaq Submits ETF Application
Dogecoin, the meme-inspired cryptocurrency that began as a joke, may soon find itself listed on Wall Street. Nasdaq has submitted a formal request to the U.
Dogecoin
nasdaq
AUD/USD remains under pressure ahead of key data releases
AUD/USD remains under pressure ahead of key data releases
The AUD/USD pair is struggling near the 0.6400 level as trade policy uncertainty continues to impact sentiment. Investors are awaiting critical data this week, including the US Nonfarm Payrolls (NFP) and GDP figures, which could influence the Federal Reserve’s (Fed) stance on interest rates.
Currencies
SEO
Majors
AUDUSD
Forexlive Americas FX news wrap: Trade data dims outlook for tomorrow's GDP report
Forexlive Americas FX news wrap: Trade data dims outlook for tomorrow's GDP report
Forex news for North American trading on Apr 29, 2025
Session wrap
Wrap Nth America
Economic calendar in Asia Wednesday, April 30, 2025 - China PMIs, Australian CPI
Economic calendar in Asia Wednesday, April 30, 2025 - China PMIs, Australian CPI
Asian Economic Calendar: Key Events and Consensus Expectations for 30 April 2025
economic calendar
Forex Today: US hard data steal the show
Forex Today: US hard data steal the show
The renewed buying pressure prompted the Greenback to leave behind Monday’s pessimism and chart decent gains on Tuesday, always on the back of mitigating US-China trade concerns and rising prudence ahead of key US data releases later in the week.
Currencies
EURUSD
Fed
DollarIndex
US Dollar Index weakens as confidence and labor data disappoint
US Dollar Index weakens as confidence and labor data disappoint
The US Dollar Index (DXY), which measures the value of the US Dollar against a basket of currencies, is showing muted gains on Tuesday after soft labor market and consumer sentiment data raised expectations for policy easing.
Technical Analysis
Currencies
DollarIndex
Trump says he will focus on the economy
Trump says he will focus on the economy
Comments from the President
Politics
A good bet on what the country is that is near a trade deal with the USA
A good bet on what the country is that is near a trade deal with the USA
Gasparino says the "word on Wall Street" is India or South Korea; one is more likely than the other
Politics
USTR: Europe is not engaging well on tariff talks
USTR: Europe is not engaging well on tariff talks
This is from an interview on PBS
Politics
XTB Grows Client Base by Nearly 50% But Struggles with Profit Decline in Q1
XTB Grows Client Base by Nearly 50% But Struggles with Profit Decline in Q1
News Discussion Forum
By Finance Magnates
XTB Grows Client Base by Nearly 50% But Struggles with Profit Decline in Q1
While XTB welcomed a record number of new clients in the first quarter of 2024, the surge in users failed to offset the impact of declining quarterly net profit.
Dow Jones rallies 300 points as soft US data fuels Fed rate cut bets
Dow Jones rallies 300 points as soft US data fuels Fed rate cut bets
The Dow Jones Industrial Average (DJIA) surged over 300 points or 0.80% on Tuesday as softer-than-expected United States (US) economic data suggested the need for lower interest rates, as witnessed by the fall of US Treasury yields.
DowJones
Equities
Fed
SEO
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