
ForexLive Asia-Pacific FX news wrap: Trump tariff talk again, USD higher
Forex news for Asian trading on Tuesday, January 28, 2025
Session wrap
Wrap Asia

Deutsche Bank on 4 factors that could prompt further losses for US equities
No surprises here
SPX
Nasdaq

China and India are working towards warmer relations between the two states
Chinese Foreign Ministry statement
China

BoJ Rate Hike May Move Closer: Analysis & Outlook
Recent developments suggest May meeting in contention
BOJ
JPY

White House pauses all federal grants, sparking confusion – WaPo
Citing an internal memo sent by the Office of Management and Budget to agencies Monday, the Washington Post (WaPo) reported early Tuesday that “the White House budget office is ordering a pause to all grants and loans disbursed by the federal government.” Additional takeaways “Trillions of dollars could be on hold.” “Matthew J.
UnitedStates
FiscalPolicy
DollarIndex

More on White House ordering a halt to federal loans, grants
Wall Street Journal this time
Politics
USD

Report that White House budget office is ordering a pause to all federal grants and loans
Washington Post with the report
Politics
USD


Japan’s Akazawa: Will closely monitor the impact of rate hike on economy
Japan's Economy Minister Ryosei Akazawa said on Tuesday that he ”will closely monitor the impact of the rate hike on the economy.” Separately, the Bank of Japan (BoJ) announced that it would provide JPY200 billion through the outright purchase of commercial paper.
USDJPY
Japan
Currencies
BOJ

WTI remains on the defensive near $73.00 amid US tariff concerns
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $73.00 on Tuesday.
WTI
Oil
Commodities
Macroeconomics

RBNZ Chief Economist Paul Conway is speaking on Wednesday - on growth and interest rates
Reserve Bank of New Zealand speaker on Wednesday, January 29, 2025
RBNZ
NZD

Critical Australian inflation data due tomorrow - likely to tick the RBA rate cut box?
Australian Q4 CPI preview via Commonwealth Bank of Australia
RBA
AUD

Singapore and Hong Kong Lunar New Year market closures - the dates to watch
China is on holiday January 29 - February 4. HK and SG holidays are not as long.
China
SGD

There is no PBoC USD/CNY reference rate setting today - China is on holiday
Its Lunar New Year holidays in China
CNY
China Stock Market
China
CNH

NZD/USD faces some selling pressure below 0.5700 as Trump tariff threat looms
The NZD/USD pair attracts some sellers to around 0.5670 during the early Asian session on Tuesday.
NZDUSD
Majors
Macroeconomics

Australian December 2024 business confidence: -2 (prior -3)
National Australia Bank business survey, for December 2024
AUD

More on Japan's service-sector inflation data - will keep the BoJ on rate-hike simmer
BOJ is closely monitoring service-sector inflation as an indicator of whether sustained wage growth will encourage businesses to continue raising prices, keeping inflation around its 2% target.
BOJ
JPY

UK shop prices fell in January, not as fast as they fell in December
Food prices rose their fastest since April 2024
GBP

Trump says DeepSeek is a positive - a 'wake up' call. Meanwhile USD strong still.
DeepSeek is the Chinese AI
USD

Japan data - Services PPI (December) 2.9% y/y (prior 3%)
PPI Services (Corporate Services Price Index)
JPY

SNB’s Schlegel: We can't rule negative interest rates out
Swiss National Bank (SNB) Chairman Martin Schlegel said on Monday that while the central bank does not favor negative interest rates, it cannot completely rule them out, per Reuters.
USDCHF
Majors
Macroeconomics

USD surging again - Trump tariff threats, Bessent want tariffs too
Bessent wants a gradual rise in tariffs, could go as high as 20%
Politics
USD

More from Trump - will place tariffs on computer chips, pharmaceuticals
Tariff man Trump ramping up the threats
Politics
SPX
USD

USD/CAD posts modest gains above 1.4350 amid Trump tariff uncertainty
The USD/CAD pair trades with mild gains around 1.4380 during the early Asian session on Tuesday.
USDCAD
Majors
Macroeconomics

Bessent is pushing a starting 2.5% universal US tariff plan, which would rise each month
The 2.5% impost would move higher by the same amount each month
Politics
USD

Deutsche Bank European Central Bank preview - cut this week and plenty more after that
The ECB meets on Thursday January 30
ECB

ICYMI - Morgan Stanley slashes UK 2025 GDP growth forecast to 0.9% (from 1.3% previously)
The effects of the BoE 16 year high for the Bank rate lingering
GBP
BOE

SNB Chair Schlegel says doesn't want negative interest rates, but "can't rule them out"
Posting an ICYMI from an interview Schlegel gave on Monday
CHF
SNB


US equity close: Big bifurcation as chipmakers and power generation crushed
Big AI themes upended
Stocks

Economic calendar in Asia Tuesday, January 28, 2025
Asian Economic Calendar: Key Events and Consensus Expectations for 28 January 2025
economic calendar

Trade ideas thread - Tuesday, 28 January, insightful charts, technical analysis, ideas
Post 'em if ya got 'em!
USD

Forexlive Americas FX news wrap: Nvidia's market cap loss is the worst in history
Forex news for North American trading on Jan 27, 2025
Session wrap
Wrap Nth America

If AI is cheap, there are many winners
Nasdaq at the lows, Dow Jones Industrial Average at the highs
Stocks

Forex Today: Markets shift the attention to US data ahead of the Fed
The US Dollar began the new trading week on the back foot as market participants continued to digest the narrative of further tariffs from the Trump administration, while investors started gearing up for the FOMC meeting on Wednesday.
DollarIndex
EURUSD
Currencies
Fed

5 winners and losers: How DeepSeek's reshapes the investing landscape
What is the 'Don't Overthink It' trade?
China Stock Market


Canadian Dollar eases on Monday as BoC rate call looms ahead
The Canadian Dollar (CAD) fell back once again into familiar consolidation against the US Dollar (USD) on Monday, shedding a recently-gained one-third of one percent and continuing to send the USD/CAD pair on a sideways grind around the 1.4400 handle.
USDCAD
SEO
BOC
InterestRate