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Kickstart the US trading day with a technical look at the EURUSD, USDJPY and GBPUSD
Kickstart the US trading day with a technical look at the EURUSD, USDJPY and GBPUSD
What levels are in play for the 3 major currency pairs at the start of the US trading session for April 30, 2024
Germany annual CPI inflation declines to 2.1% in April
Germany annual CPI inflation declines to 2.1% in April
Inflation in Germany, as measured by the change in the Consumer Price Index (CPI), edged lower to 2.1% on a yearly basis in April from 2.2% in March, Destatis' flash estimate showed on Wednesday.
Germany
CPI
Inflation
EconomicIndicator
Macroeconomics
JPY is underperforming on data disappointment – Scotiabank
JPY is underperforming on data disappointment – Scotiabank
Japanese Yen (JPY) is weak, down 0.5% against the US Dollar (USD) and underperforming all the G10 currencies on the back of weaker than expected industrial production and retail sales data, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Technical Analysis
BOJ
Japan
USDJPY
Banks
GBP soft in quiet trade, consolidating recent rally – Scotiabank
GBP soft in quiet trade, consolidating recent rally – Scotiabank
Pound Sterling (GBP) is soft, down 0.3% against the US Dollar (USD) and underperforming most G10 currencies in quiet, mixed trade, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Technical Analysis
Banks
GBPUSD
CAD holds trading range – Scotiabank
CAD holds trading range – Scotiabank
April has been good for the Canadian Dollar (CAD) (it’s strongest month against the US Dollar (USD) since 2019) but spot continues to range trade, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Technical Analysis
Canada
BOC
USDCAD
Banks
USD consolidates ahead of GDP – Scotiabank
USD consolidates ahead of GDP – Scotiabank
The US Dollar (USD) continues to consolidate and is trading mixed versus its major currency peers on the session.
Technical Analysis
Fed
Banks
DollarIndex
Q&A with Elsy Rayess: How FxPro is Empowering African Traders Ahead of FMAS25
Q&A with Elsy Rayess: How FxPro is Empowering African Traders Ahead of FMAS25
News Discussion Forum
By Finance Magnates
Q&A with Elsy Rayess: How FxPro is Empowering African Traders Ahead of FMAS25
Elsy Rayess, Chief Business Development Officer at FxPro, to discuss how the company is driving growth and empowering traders across Africa.
EUR marginally weaker – Scotiabank
EUR marginally weaker – Scotiabank
Euro (EUR) is down a marginal 0.2% against the US Dollar (USD), trading quietly and consolidating within a narrow band at the lower end of its three-week range, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Technical Analysis
EURUSD
Banks
Forexlive European FX news wrap: Eurozone GDP beats, inflation remains in check (for now)
Forexlive European FX news wrap: Eurozone GDP beats, inflation remains in check (for now)
Forex news from the European morning session on Apr 30, 2025
Session wrap
Wrap Europe
Ukraine is ready to sign US resource deal as early as Wednesday
Ukraine is ready to sign US resource deal as early as Wednesday
Bloomberg reporting citing person familiar with the matter
Politics
US Dollar faces litmus test with top-tier PCE and GDP data releases 
US Dollar faces litmus test with top-tier PCE and GDP data releases 
The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, edges slightly higher and trades at 99.40 at the time of writing on Wednesday.
TradeWar
UnitedStates
SEO
Macroeconomics
DollarIndex
XRP and Dogecoin ETF Decisions Pushed to June as SEC Reviews 70 Crypto Proposals
XRP and Dogecoin ETF Decisions Pushed to June as SEC Reviews 70 Crypto Proposals
News Discussion Forum
By Finance Magnates
XRP and Dogecoin ETF Decisions Pushed to June as SEC Reviews 70 Crypto Proposals
The US SEC has postponed its decision on two proposed cryptocurrency exchange -traded funds (ETFs) that would provide exposure to XRP and Dogecoin.
US SEC
XRP
ripple. xrp
Etf
XRP News
Ripple News
US MBA mortgage applications w.e. 25 April -4.2% vs -12.7% prior
US MBA mortgage applications w.e. 25 April -4.2% vs -12.7% prior
Latest data from the Mortgage Bankers Association for the week ending 25 April 2025
AUD/USD rises to near 0.6400 as Australian Dollar outperforms
AUD/USD rises to near 0.6400 as Australian Dollar outperforms
The AUD/USD pair trades slightly higher near 0.6400 during European trading hours on Wednesday. The Aussie pair ticks higher as the Australian Dollar (AUD) performs strongly despite soft Reserve Bank of Australia (RBA) Q1 Trimmed Mean Consumer Price Index (CPI) data.
RBA
China
Fed
Inflation
AUDUSD
XTB's Revenue Mix Shifts From USD and Gold as Index CFDs Dominate Q1 2025 Results
XTB's Revenue Mix Shifts From USD and Gold as Index CFDs Dominate Q1 2025 Results
News Discussion Forum
By Finance Magnates
XTB's Revenue Mix Shifts From USD and Gold as Index CFDs Dominate Q1 2025 Results
Polish retail brokerage XTB reported a significant shift in its revenue composition during the first quarter of 2025, with index-based CFDs emerging as the dominant contributor while commodity and ...
xtb
CFD
Analysis
Last Chance to Get Your Cyprus Diaspora Forum 2025 Ticket
Last Chance to Get Your Cyprus Diaspora Forum 2025 Ticket
News Discussion Forum
By Finance Magnates
Last Chance to Get Your Cyprus Diaspora Forum 2025 Ticket
Registration for the Cyprus Diaspora Forum 2025 is closing soon. Connect with top minds, investors, and Cypriots from around the world.
Cyprus Diaspora Forum
CNY: Some early soft spots – Commerzbank
CNY: Some early soft spots – Commerzbank
The official purchasing managers' indices for the Chinese economy were published this morning, revealing the first signs of the impact of the prohibitive US tariffs. The PMI for the manufacturing sector fell by 1.5 points to 49.0, its lowest level since late 2023.
China
USDCNY
PBOC
USDCNH
Banks
EUR/GBP holds near 0.85 as UK outlook softens – Danske Bank
EUR/GBP holds near 0.85 as UK outlook softens – Danske Bank
EUR/GBP remained close to the 0.85 mark during yesterday's session, Danske Bank's FX analysts report.
Crosses
Currencies
EURGBP
Banks
BoJ is going to sit this one out – Commerzbank
BoJ is going to sit this one out – Commerzbank
While we enjoy the bank holiday tomorrow morning, the Bank of Japan will be holding its May monetary policy meeting. Having raised its key interest rate from 0.25% to 0.5% in January, the Bank of Japan then decided to pause in March.
Technical Analysis
BOJ
CentralBanks
Japan
Banks
EUR/USD declines as US Dollar gains ahead of US data-packed session
EUR/USD declines as US Dollar gains ahead of US data-packed session
EUR/USD slips to near 1.1355 during European trading hours on Wednesday. The major currency pair is down as the US Dollar (USD) gains ahead of a slew of United States (US) economic data, which will be published in the North American session.
ECB
EURUSD
TradeWar
Fed
SEO
USD holds ground despite weaker JOLTS data – Danske Bank
USD holds ground despite weaker JOLTS data – Danske Bank
In an otherwise relatively quiet week, the USD found some support from the continued positive risk environment, bolstered by de-escalating tariff headlines - even as JOLTS job openings saw a larger-than-expected decline in March (ahead of Liberation Day), Danske Bank's FX analysts report.
Currencies
UnitedStates
Employment
Banks
DollarIndex
US: The tariff house of cards is collapsing – Commerzbank
US: The tariff house of cards is collapsing – Commerzbank
To the impartial observer, it should be quite obvious that the US government's trade policy strategy is currently failing spectacularly. Chinese President Xi Jingping is refusing to call to make a 'deal'.
Technical Analysis
China
UnitedStates
Banks
DollarIndex
Reminder: Trump will speak at an "Investing in America" event at 16:00 ET/20:00 GMT
Reminder: Trump will speak at an "Investing in America" event at 16:00 ET/20:00 GMT
CEOs from various companies including Nvidia, General Electric, and SoftBank will visit the White House today
market overview
Silver price today: Silver falls, according to FXStreet data
Silver price today: Silver falls, according to FXStreet data
Silver prices (XAG/USD) fell on Wednesday, according to FXStreet data.
Silver
Commodities
Metals
Gold stuck at session's low on Wednesday ahead of US data
Gold stuck at session's low on Wednesday ahead of US data
Gold price (XAU/USD) dips over 1% lower halfway through the European trading session towards $3,278 on Wednesday as traders await key US economic data, which could become the catalyst for an imminent breakout.  Bullion is facing a second day of some profit taking after United States (US) President D
TradeWar
UnitedStates
SEO
Gold
Commodities
From Pharaohs’ Vaults to Digital Wallets: Gold Battles Bitcoin in the Race for Value
From Pharaohs’ Vaults to Digital Wallets: Gold Battles Bitcoin in the Race for Value
News Discussion Forum
By Finance Magnates
From Pharaohs’ Vaults to Digital Wallets: Gold Battles Bitcoin in the Race for Value
For centuries, gold has captivated societies with its rarity and value. Ancient civilizations prized it as both decoration and a symbol of wealth.
gold
bitcoin
crypto
ICSG expects Copper surplus to persist – ING
ICSG expects Copper surplus to persist – ING
In its latest forecasts, the International Copper Study Group (ICSG) expects the global Copper market to see a supply surplus of 289kt in 2025, largely on higher mine supply and rising smelting capacity, compared to the 194kt of surplus projected earlier and 138kt of surplus seen last year.
Metals
Copper
Commodities
Banks
Costs of Launching a Solution: Expert Discussion
Costs of Launching a Solution: Expert Discussion
News Discussion Forum
By Finance Magnates
Costs of Launching a Solution: Expert Discussion
Brokers often underestimate the operational and infrastructure contributions required during the launch of a new service.
Brokeree Solutions
US Dollar Index advances to near 99.50 as US yields rebound ahead of Core PCE data
US Dollar Index advances to near 99.50 as US yields rebound ahead of Core PCE data
The US Dollar Index (DXY), which tracks the US Dollar (USD) against a basket of six major currencies, extends its gains for a second consecutive day, trading near 99.40 during Wednesday’s European session.
UnitedStates
Majors
Macroeconomics
DollarIndex
Australia: Pencilling in a rate cut by RBA in May – Standard Chartered
Australia: Pencilling in a rate cut by RBA in May – Standard Chartered
Q1 trimmed mean CPI fell into the RBA’s 2-3% target range for the first time since end-2021. The growth/stability trade-off likely favours more RBA cuts amid growth headwinds posed by US tariffs.
Australia
RBA
Inflation
InterestRate
Banks
Eurozone Preliminary GDP rises 0.4% QoQ in Q1 vs. 0.2% expected
Eurozone Preliminary GDP rises 0.4% QoQ in Q1 vs. 0.2% expected
The Eurozone economy expanded by 0.4% in the three months to March of 2025 after growing by 0.2% in the fourth quarter of 2024, the preliminary estimate released by Eurostat showed Wednesday.
Eurozone
EconomicIndicator
GDP
EURUSD
USD: The worse the data, the better? – Commerzbank
USD: The worse the data, the better? – Commerzbank
Yesterday saw the next round of poor sentiment indicators from the US. According to the Conference Board, US consumer confidence fell to its lowest level since the start of the coronavirus pandemic.
DollarIndex
Banks
Technical Analysis
Fed
US Elections
Eurozone Q1 preliminary GDP +0.4% vs +0.2% q/q expected
Eurozone Q1 preliminary GDP +0.4% vs +0.2% q/q expected
Latest data released by Eurostat - 30 April 2025
USD/CAD ticks higher amid bearish Oil prices, remains below mid-1.3800s ahead of US data
USD/CAD ticks higher amid bearish Oil prices, remains below mid-1.3800s ahead of US data
The USD/CAD pair extends its sideways consolidative price move through the first half of the European session on Wednesday and remains confined in a familiar range held over the past two weeks.
Currencies
TradeWar
Fed
USDCAD
EconomicIndicator
President Xi: China needs to adapt to changing situations
President Xi: China needs to adapt to changing situations
Speaking at a symposium on economic development on Wednesday, Chinese President Xi Jinping said that “China needs to adapt to changing situations.”
China
AUDUSD
Macroeconomics
China's Xi: China needs to adapt to changing situations
China's Xi: China needs to adapt to changing situations
President Xi is holding symposium on economic development
High inventory adds pressure on oil – ING
High inventory adds pressure on oil – ING
The oil market continued to decline for a third straight session this morning, ING's commodity experts Ewa Manthey and Warren Patterson note.
Oil
Energy
Brent
Banks
USD: Equities providing shield against bad data – ING
USD: Equities providing shield against bad data – ING
The US Dollar (USD) continues to be pulled by opposing forces: US President Donald Trump’s scaling back of some protectionism measures versus data evidence of a US slowdown. Ultimately, the tiebreak for FX impact seems to be equities performance.
Technical Analysis
Fed
Banks
DollarIndex
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