ForexLive Asia-Pacific FX news wrap: Trump tariff talk again, USD higher
ForexLive Asia-Pacific FX news wrap: Trump tariff talk again, USD higher
By Forex Live
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
BoJ Rate Hike May Move Closer: Analysis & Outlook
BoJ Rate Hike May Move Closer: Analysis & Outlook
By Forex Live
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
White House pauses all federal grants, sparking confusion – WaPo
By Fxstreet
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
More on White House ordering a halt to federal loans, grants
By Forex Live
More on White House ordering a halt to federal loans, grants
Wall Street Journal this time
Politics
USD
Trump is speaking with media
Trump is speaking with media
By Forex Live
Trump is speaking with media
Microsoft is in discussions on TikTok
Politics
USD
Japan’s Akazawa: Will closely monitor the impact of rate hike on economy
Japan’s Akazawa: Will closely monitor the impact of rate hike on economy
By Fxstreet
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
WTI remains on the defensive near $73.00 amid US tariff concerns
By Fxstreet
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
RBNZ Chief Economist Paul Conway is speaking on Wednesday - on growth and interest rates
By Forex Live
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?
Critical Australian inflation data due tomorrow - likely to tick the RBA rate cut box?
By Forex Live
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
Singapore and Hong Kong Lunar New Year market closures - the dates to watch
By Forex Live
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
There is no PBoC USD/CNY reference rate setting today - China is on holiday
By Forex Live
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
NZD/USD faces some selling pressure below 0.5700 as Trump tariff threat looms
By Fxstreet
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)
Australian December 2024 business confidence: -2 (prior -3)
By Forex Live
Australian December 2024 business confidence: -2 (prior -3)
National Australia Bank business survey, for December 2024
More on Japan's service-sector inflation data - will keep the BoJ on rate-hike simmer
More on Japan's service-sector inflation data - will keep the BoJ on rate-hike simmer
By Forex Live
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
UK shop prices fell in January, not as fast as they fell in December
By Forex Live
UK shop prices fell in January, not as fast as they fell in December
Food prices rose their fastest since April 2024
Japan data - Services PPI (December) 2.9% y/y (prior 3%)
Japan data - Services PPI (December) 2.9% y/y (prior 3%)
By Forex Live
Japan data - Services PPI (December) 2.9% y/y (prior 3%)
PPI Services (Corporate Services Price Index)
SNB’s Schlegel: We can't rule negative interest rates out
SNB’s Schlegel: We can't rule negative interest rates out
By Fxstreet
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
USD surging again  - Trump tariff threats, Bessent want tariffs too
By Forex Live
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
More from Trump - will place tariffs on computer chips, pharmaceuticals
By Forex Live
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
USD/CAD posts modest gains above 1.4350 amid Trump tariff uncertainty
By Fxstreet
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
Bessent is pushing a starting 2.5% universal US tariff plan, which would rise each month
By Forex Live
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
ICYMI - Morgan Stanley slashes UK 2025 GDP growth forecast to 0.9% (from 1.3% previously)
ICYMI - Morgan Stanley slashes UK 2025 GDP growth forecast to 0.9% (from 1.3% previously)
By Forex Live
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"
SNB Chair Schlegel says doesn't want negative interest rates, but "can't rule them out"
By Forex Live
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
Rabo stay bearish EUR/USD, expect parity in Q2 2025
Rabo stay bearish EUR/USD, expect parity in Q2 2025
By Forex Live
Rabo stay bearish EUR/USD, expect parity in Q2 2025
EUR to remain under pressure
Economic calendar in Asia Tuesday, January 28, 2025
Economic calendar in Asia Tuesday, January 28, 2025
By Forex Live
Economic calendar in Asia Tuesday, January 28, 2025
Asian Economic Calendar: Key Events and Consensus Expectations for 28 January 2025
economic calendar
Forexlive Americas FX news wrap: Nvidia's market cap loss is the worst in history
Forexlive Americas FX news wrap: Nvidia's market cap loss is the worst in history
By Forex Live
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
If AI is cheap, there are many winners
By Forex Live
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
Forex Today: Markets shift the attention to US data ahead of the Fed
By Fxstreet
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
5 winners and losers: How DeepSeek's reshapes the investing landscape
By Forex Live
5 winners and losers: How DeepSeek's reshapes the investing landscape
What is the 'Don't Overthink It' trade?
China Stock Market
US sells 5-year notes at 4.330% vs 4.336% WI
US sells 5-year notes at 4.330% vs 4.336% WI
By Forex Live
US sells 5-year notes at 4.330% vs 4.336% WI
US sells $70 billion in 5-year notes
Bonds
Canadian Dollar eases on Monday as BoC rate call looms ahead
Canadian Dollar eases on Monday as BoC rate call looms ahead
By Fxstreet
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
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