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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
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

EUR/JPY holds ground near 162.50 following key economic data from Germany
EUR/JPY halts its two-day losing streak, trading around 162.40 during the European session on Wednesday. The currency cross holds ground following the release of key economic data from Germany.
Crosses
Eurozone
Japan
EURJPY
Macroeconomics

German Preliminary GDP expands 0.2% QoQ in Q1, as expected
The German economy expanded by 0.2% over the quarter in the first quarter of 2025, following a 0.2% contraction in the final quarter of 2024, according to the preliminary data published by Destatis on Wednesday. Markets expected a 0.2% growth in the reported period.
GDP
EURUSD
Germany
EconomicIndicator

Switzerland UBS April investor sentiment -51.6 vs -10.7 prior
Latest data released by UBS - 30 April 2025
CHF

Italy Q1 preliminary GDP +0.3% vs +0.2% q/q expected
Latest data released by Istat - 30 April 2025
EUR

Germany Q1 preliminary GDP +0.2% vs +0.2% q/q expected
Latest data released by Destatis - 30 April 2025
EUR


Pound Sterling slumps against US Dollar despite US economic turbulence
The Pound Sterling (GBP) extends correction to near 1.3310 against the US Dollar (USD) in Wednesday’s North American session from its fresh three-year high of 1.3445 posted on Tuesday.
GDP
SEO
Inflation
BOE
GBPUSD

Germany April unemployment change 4k vs 15k expected
Latest data released by the Federal Employment Agency - 30 April 2025
EUR

NZD/USD Price Forecast: Falls toward 0.5900 support after breaking below nine-day EMA
The NZD/USD pair extends losses for the second successive session, trading around 0.5920 during early European hours on Wednesday.
Technical Analysis
Majors
NZDUSD

Forex Today: Critical growth and inflation data from major economies to ramp up volatility
Here is what you need to know on Wednesday, April 30:
Currencies
Majors
EconomicIndicator
Commodities
Macroeconomics

EUR/INR: Indian Rupee cross rates down at the start of the European session
Indian Rupee (INR) crosses trade with a negative bias at the start of Wednesday, according to FXStreet data. The Euro (EUR) to the Indian Rupee changes hands at 96.71, with the EUR/INR pair declining from its previous close at 96.95.

Bessent told French Fin Minister the idea of zero reciprocal tariffs wasn't unrealistic
French Finance Minister Lombard with the indiscretion
EUR

Switzerland April KOF leading indicator index 97.1 vs 101.5 expected
Latest data released by KOF - 30 April 2025
CHF

EUR/GBP holds positive ground near 0.8500 as traders await German, Eurozone GDP data
The EUR/GBP cross trades in positive territory near 0.8500 during the early European session on Wednesday. The Euro (EUR) remains strong after the German economic data. Traders will shift their attention to the advanced estimate of Q1 Gross Domestic Product (GDP) from Germany later on Wednesday.
Crosses
Germany
RetailSales
EURGBP
Macroeconomics

France April preliminary CPI (HICP) +0.8% vs +0.7% y/y expected
Latest data released by INSEE - 30 April 2025
EUR

Palladium price: Rare metals mixed at the start of the European session
Platinum Group Metals (PGMs) trade mixed at the beginning of Wednesday, according to FXStreet data. Palladium (XPD) changes hands at $938.30 a troy ounce, with the XPD/USD pair easing from its previous close at $939.50.
Metals
Platinum
Palladium

What are the main events for today?
We have lots of data on the agenda but the focus remains on that first trade deal announcement
market overview

Heads up: Chinese markets closure until next week
An extended break in observance of Labor Day
market overview

Crude Oil price today: WTI price bearish at European opening
West Texas Intermediate (WTI) Oil price falls on Wednesday, early in the European session. WTI trades at $59.37 per barrel, down from Tuesday’s close at $59.91.
Oil
WTI
Commodities

German Retail Sales rise 2.2% YoY in March vs. 4.9% previous
Retail Sales in Germany declined 0.2% month-over-month (MoM) in March, following the 0.8% growth reported in February, according to official data released by Destatis on Wednesday.
Germany
EconomicIndicator
RetailSales
EURUSD

Germany March import price index -1.0% vs -0.8% m/m expected
Latest data released by Destatis - 30 April 2025
EUR

Germany March retail sales -0.2% vs -0.4% m/m expected
Latest data released by Destatis - 30 April 2025
EUR

UK April Nationwide house prices -0.6% vs 0.0% m/m expected
Latest data released by Nationwide Building Society - 30 April 2025
GBP

Breaking: US GDP is expected to contract by 0.3% in the January–March period
The United States (US) economy contracted at an annualised rate of 0.3% in the first quarter of 2025, according to data released Wednesday by the Bureau of Economic Analysis (BEA), missing market forecasts of a 0.4% growth and coming down from the prior 2.4% expansion.
Breaking
GDP
UnitedStates
SEO
DollarIndex

EUR/USD flat lines below 1.1400 mark ahead of Eurozone/US macro data
The EUR/USD pair recovers a few pips from the vicinity of the mix-1.1300s, or the Asian session low, though it lacks any follow-through amid a modest US Dollar (USD) uptick. Spot prices currently trade around the 1.1375 area and remain confined in a familiar range held over the past week or so.
EURUSD
EconomicIndicator
ECB
Fed
Currencies

GBP/USD breaks below 1.3400 due to stronger US Dollar, BoE rate cut expectations
GBP/USD extends its decline for a second straight session, hovering near 1.3390 during Wednesday’s Asian trading. The pair is under pressure as the US Dollar strengthens on renewed optimism surrounding US-China trade developments.
UnitedKingdom
Majors
BOE
Macroeconomics
GBPUSD

France Q1 preliminary GDP +0.1% vs +0.1% q/q expected
Latest data released by INSEE - 30 April 2025
EUR

USD/CHF softens to near 0.6400 amid tariff uncertainty
The USD/CHF pair posts modest losses around 0.6410 during the early European session on Wednesday. The uncertainty surrounding trade policy continues to boost the safe-haven flows, supporting the Swiss Franc (CHF). The Swiss KOF Leading Indicator for April is due later on Wednesday.
Majors
USDCHF
Macroeconomics

FX option expiries for Apr 30 NY cut
FX option expiries for Apr 30 NY cut at 10:00 Eastern Time via DTCC can be found below.
Currencies
Options
USDJPY

India Gold price today: Gold falls, according to FXStreet data
Gold prices fell in India on Wednesday, according to data compiled by FXStreet.
Gold
Commodities
Metals
India

AUD/JPY rises above 91.00 following key economic data from Australia, Japan
AUD/JPY edges higher after registering gains in the previous two sessions, trading around 91.30 during the Asian hours on Wednesday.
Crosses
Australia
AUDJPY
Japan
Macroeconomics

Silver Price Forecast: XAG/USD slides below $33.00; 200-period EMA on H4 holds the key for bulls
Silver (XAG/USD) struggles to capitalize on a modest Asian session uptick and slides back below the $33.00 mark, hitting a fresh daily low in the last hour.
Technical Analysis
Silver
Commodities
XAGUSD

Heads up: Germany states' CPI readings due later today
German states will be releasing their CPI prints for April today
EUR

WTI falls to near $59.50 due to weakening global economic growth, Oil demand
West Texas Intermediate (WTI) Oil price continues its decline for a third consecutive session, trading near $59.50 per barrel during Asian hours on Wednesday.
Oil
WTI
Macroeconomics
Commodities

Gold price hangs near daily low, bears flirt with $3,300 mark ahead of US macro releases
Gold price (XAU/USD) struggles to lure buyers and languishes near the daily low, just above the $3,300 mark through the first half of the European session on Wednesday as signs of easing US-China trade tensions continue to undermine safe-haven assets.
TradeWar
Fed
SEO
Gold
Commodities

ForexLive Asia-Pacific FX news: China factory activity stumbles, Australia inflation eases
Forex news for Asian trading on Apr 30, 2025
Session wrap
Wrap Asia

Trump will deliver 'Investing in America' remarks on Wednesday afternoon, US Eastern time
A heads up for Trump speaking on Wednesday, April 30, 2025
Politics
SPX
USD

USD/INR drifts higher amid heightened tensions between India and Pakistan
The Indian Rupee (INR) weakens on Wednesday, pressured by rising geopolitical tensions between India and Pakistan. Many tourist sites in Kashmir have been closed since Tuesday, as traders react to unverified reports of military activity.
EmergingMarkets
SEO
USDINR
India
Macroeconomics