GBP/USD weakens below 1.3300 as US Dollar rises
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
PBOC is expected to set the USD/CNY reference rate at 7.3466 – Reuters estimate
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
US will aim for UK to lower its automotive tariff  - WSJ
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
EUR/USD tumbles to near 1.1350 on renewed US Dollar demand
EUR/USD tumbles to near 1.1350 on renewed US Dollar demand
The EUR/USD pair attracts some sellers to around 1.1355 during the early Asian session on Wednesday, pressured by the renewed US Dollar (USD) demand.
EURUSD
Majors
Macroeconomics
Trump's China reversal - now we await China's response (if any)
Trump's China reversal - now we await China's response (if any)
China has more or less ignored the Trump bluster so far, and now he's dialled it back
China
Australia's Judo Bank Manufacturing PMI declines to 51.7 in April, Services PMI eases to 51.4
Australia's Judo Bank Manufacturing PMI declines to 51.7 in April, Services PMI eases to 51.4
The preliminary reading of Australia's Judo Bank Manufacturing Purchasing Managers Index (PMI) declined to 51.7 in April from 52.1 in March, the latest data published by Judo Bank and S&P Global showed on Wednesday.
Australia
PMI
Macroeconomics
More from Fed's Kugler: Facing potential shocks, mainly from tariffs and uncertainty
More from Fed's Kugler: Facing potential shocks, mainly from tariffs and uncertainty
Federal Reserve Governor Kugler spoke earlier on the transmission of monetary policy, Q&A now
Trump said had no intention of firing Fed Chair Powell (he did). Major reversal from Trump
Trump said had no intention of firing Fed Chair Powell (he did). Major reversal from Trump
The latest reversal from Trump has sent equities and the US dollar higher.
SPX
Nasdaq
Fed
USD
Fed's Kugler: Higher than expected tariffs likely to send prices higher
Fed's Kugler: Higher than expected tariffs likely to send prices higher
Federal Reserve Board Governor Adriana Kugler said late Tuesday that with US import tariffs significantly larger than expected and likely to put upward pressure on prices, the Fed ought to keep short-term borrowing costs unchanged until inflation risks recede, per Reuters.
Fed
UnitedStates
CentralBanks
Macroeconomics
ICYMI: Citi says tariffs a stagflationary shock to US economy, 40-45% chance of recession
ICYMI: Citi says tariffs a stagflationary shock to US economy, 40-45% chance of recession
Citigroup's Chief Economist comments came before Trump's latest policy reversals
Bonds
SPX
USD
EUR, JPY, GBP down vs. USD. AUD, NZD, CAD too. Trump cave in on pet issues cited.
EUR, JPY, GBP down vs. USD. AUD, NZD, CAD too. Trump cave in on pet issues cited.
Trump said he has no intention of firing Federal Reserve Chair Powell.
GBP/JPY afloat near 189.00 amid risk jitters, bearish bias prevails
GBP/JPY afloat near 189.00 amid risk jitters, bearish bias prevails
GBP/JPY trades modestly higher near 189.00 during Tuesday’s session after bouncing from intraday lows around 187.47. The pair’s upside follows a minor recovery in the Pound Sterling, which briefly reached 1.3423 against the US Dollar before retreating amid political and economic crosswinds.
Crosses
Technical Analysis
Currencies
GBPJPY
US President Trump eases market jitters, says no plans to fire Powell, China tariffs to be lower
US President Trump eases market jitters, says no plans to fire Powell, China tariffs to be lower
Recently, US President Donald Trump said at a press conference that his discussions with China are going well, adding that he thinks they will reach a deal. He said that tariffs on China would not be as high as 145%, but they wouldn’t be zero.
Sentiment
China
Fed
UnitedStates
DollarIndex
Trump backing away from tariffs, backing away from firing Powell - will it last?
Trump backing away from tariffs, backing away from firing Powell - will it last?
Trump's cave in on his pet issues is a positive for markets, but his capriciousness is a problem. Go with this for now, but take care.
Bonds
Politics
SPX
USD
EUR/JPY Price Analysis: Drifts near 162.00 as technical picture turns indecisive
EUR/JPY Price Analysis: Drifts near 162.00 as technical picture turns indecisive
The EURJPY pair is currently neutral, trading near the 162.00 zone after easing slightly on Tuesday. The pair remains confined within a narrow range between 160.98 and 162.32, showing no clear directional bias as Asian markets approach.
Crosses
Technical Analysis
Currencies
EURJPY
USD/CHF bounces over 1% as trade optimism lifts mood, but Powell tensions linger
USD/CHF bounces over 1% as trade optimism lifts mood, but Powell tensions linger
The USD/CHF makes a U-turn and trade with gains of over 1% on Tuesday as market mood improved on trade headlines and a possible de-escalation of US-Sino conflict tensions. At the time of writing, the pair trades at 0.8181 after hitting a daily low of 0.8065.
Technical Analysis
Currencies
Fed
Majors
USDCHF
AUD/JPY Price Analysis: Trades soft near 90.10 zone with bearish outlook intact
AUD/JPY Price Analysis: Trades soft near 90.10 zone with bearish outlook intact
The AUDJPY pair is flashing an overall bearish signal, currently trading around 90.10 after a modest dip during Tuesday’s session. The cross remains mid-range between the day’s low of 89.64 and high of 90.58, suggesting hesitation in either direction as markets await fresh momentum into Asia.
Crosses
Technical Analysis
Currencies
AUDJPY
North American Forexlive Americas FX news wrap 22 Apr: Sell US shifts to Buy US today.
North American Forexlive Americas FX news wrap 22 Apr: Sell US shifts to Buy US today.
Forex news for North American trading on Apr 22, 2025
Session wrap
Wrap Nth America
Oil: private survey of inventory shows a much bigger headline crude oil draw than expected
Oil: private survey of inventory shows a much bigger headline crude oil draw than expected
This is from the privately surveyed oil stock data ahead of official government data tomorrow morning out of the US.
Shares suspended in FX risk management firm - now in talks about emergency sale to a rival
Shares suspended in FX risk management firm - now in talks about emergency sale to a rival
The firm received margin calls linked to its foreign exchange forward and options books
USD/JPY clings to 142.00 as Fed uncertainty and Yen strength weigh
USD/JPY clings to 142.00 as Fed uncertainty and Yen strength weigh
The USD/JPY pair struggles to regain ground on Tuesday, trading around the 142.00 mark during North American hours after bouncing off earlier lows near 140.65.
Technical Analysis
Currencies
Majors
USDJPY
Fundamental Analysis
Economic calendar in Asia Wednesday, April 23, 2025 - Fed speaker
Economic calendar in Asia Wednesday, April 23, 2025 - Fed speaker
Asian Economic Calendar: Key Events and Consensus Expectations for 23 April 2025
economic calendar
Fed
Will Dogecoin Reach $1? Price Climbs 9% as Market Sentiment Shifts
Will Dogecoin Reach $1? Price Climbs 9% as Market Sentiment Shifts
News Discussion Forum
By Finance Magnates
Will Dogecoin Reach $1? Price Climbs 9% as Market Sentiment Shifts
After weeks of decline and indecision, Dogecoin is facing a positive sentiment. The latest market recovery has lifted sentiment, and technical indicators now point toward a potential upside.
Dogecoin
US equity close: Turnaround Tuesday as stocks get back to flat on the week
US equity close: Turnaround Tuesday as stocks get back to flat on the week
Closing changes for the main North American markets
Stocks
NZDUSD corrects lower after reaching 2025 high but work to do to give sellers more control
NZDUSD corrects lower after reaching 2025 high but work to do to give sellers more control
The price of the NZDUSD is approaching the 100 hour MA at 0.5964. Get below and stay below is more bearish.
NZD
USD
The gold reversal will be tested in Asian trading
The gold reversal will be tested in Asian trading
The US sells, but will Asian bids return?
Gold
Australian Dollar holds steady near 0.6400 despite renewed USD strength
Australian Dollar holds steady near 0.6400 despite renewed USD strength
The Australian Dollar (AUD) trades with a modestly bullish tone on Tuesday, consolidating near the 0.6400 region during North American trading hours.
Currencies
SEO
Majors
AUDUSD
Forex Today: It is PMI-day!
Forex Today: It is PMI-day!
The Greenback managed to regain strong upside traction and bounced off recent three-year lows vs.
PMI
EURUSD
Currencies
DollarIndex
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