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EUR/GBP Price Analysis: Sterling slips as Euro regains traction post-Europe session
EUR/GBP Price Analysis: Sterling slips as Euro regains traction post-Europe session
The EUR/GBP pair is trading with mild gains on Wednesday, hovering around the mid-0.8500 zone following the European session. The pair rebounded within the day’s range, showing modest upward pressure.
Crosses
Technical Analysis
Currencies
EURGBP
GBP/USD drops as US economy shrinks, inflation holds firm
GBP/USD drops as US economy shrinks, inflation holds firm
The Pound Sterling (GBP) tumbled against the US Dollar (USD) as the economy in the United States (US) contracted, as revealed by Gross Domestic Product (GDP) figures for Q1 2025. At the time of writing, GBP/USD trades at 1.3331, down 0.51%
Technical Analysis
Currencies
Majors
GBPUSD
Fundamental Analysis
Euro falls to a fresh session low
Euro falls to a fresh session low
Volatile trading at month end
EUR
USD
EUR/USD Price Analysis: Bulls remain favored despite intraday setback
EUR/USD Price Analysis: Bulls remain favored despite intraday setback
After the European session on Wednesday, EUR/USD was seen moving lower toward the 1.1350 area, retreating modestly from earlier highs. Despite this intraday softness, the pair maintains a bullish outlook, largely supported by the positioning of its moving averages.
Technical Analysis
Currencies
EURUSD
Majors
Visa sees no problems whatsoever in the economy, anywhere
Visa sees no problems whatsoever in the economy, anywhere
Aside from some travel slowdown, the message from the company is that the consumer is strong
Copper vulnerable as China holiday looms and CTA liquidations intensify – TDS
Copper vulnerable as China holiday looms and CTA liquidations intensify – TDS
Weak Chinese manufacturing PMIs kicked off the selling activity in Copper, but CTA selling activity into the liquidity vacuum has exacerbated the downside with algos on track to sell more than -7% of their max size, TDS' Senior Commodity Strategist Daniel Ghali notes.
Metals
China
Copper
Commodities
Banks
"I Do as the President Says"
"I Do as the President Says"
Trump LIVE: U.S President Donald Trump Holds Cabinet Meeting
Politics
Chinese Gold ETF outflows signal holiday-liquidity risks, not trend shift – TDS
Chinese Gold ETF outflows signal holiday-liquidity risks, not trend shift – TDS
Chinese Gold ETFs recorded their largest outflows in 264 trading sessions, TDS' Senior Commodity Strategist Daniel Ghali notes.
XAUUSD
Metals
Gold
Commodities
Banks
EIA weekly crude oil inventories -2696K vs +429K expected
EIA weekly crude oil inventories -2696K vs +429K expected
Weekly US petroleum data for the week ending April 25, 2025
US-Ukraine minerals deal hits a last-minute hurdle
US-Ukraine minerals deal hits a last-minute hurdle
The deal was expected to be signed today
ukraine
Breaking: US core PCE inflation softens to 2.6% in March as expected
Breaking: US core PCE inflation softens to 2.6% in March as expected
Inflation in the US, as measured by the change in the Personal Consumption Expenditures (PCE) Price Index, edged lower to 2.3% on a yearly basis in March from 2.5% in February, the US Bureau of Economic Analysis (BEA) reported on Wednesday. This reading came in above the market expectation of 2.2%
Breaking
UnitedStates
Inflation
EconomicIndicator
USD/CAD remains unchanged above 1.3800 after US/Canada GDP data
USD/CAD remains unchanged above 1.3800 after US/Canada GDP data
The USD/CAD pair has not moved much and stays around 1.3830 during the North American trading session on Wednesday after the release of the Gross Domestic Product (GDP) data of both the United States (US) and Canada.
Canada
GDP
Fed
USDCAD
Employment
China April PMIs show trade war hit – ABN AMRO
China April PMIs show trade war hit – ABN AMRO
China’s April manufacturing PMIs clearly hit by US-China trade war. Official non-manufacturing PMI and composite PMI also came down. Concrete signs of export shock make stepping up of support likely.
Manufacturing
China
Banks
PMI
Trump blames Biden, says to be patient
Trump blames Biden, says to be patient
Trump posts after negative GDP
Politics
Watch out for a hot print in the PCE report today
Watch out for a hot print in the PCE report today
The PCE price index data is due at 10 am ET
Treasury quarterly refunding coupon auction sizes unchanged
Treasury quarterly refunding coupon auction sizes unchanged
Sees steady auction sizes for next several quarters
US Q1 advance GDP -0.3% vs +0.3% expected
US Q1 advance GDP -0.3% vs +0.3% expected
The first look at USA growth numbers for the first quarter of 2025
US ADP private sector employment rises 62,000 in April vs. 108,000 expected
US ADP private sector employment rises 62,000 in April vs. 108,000 expected
Private sector employment in the US rose 62,000 in April and annual paw was up 4.5% year-over-year, the Automatic Data Processing (ADP) reported on Wednesday.
UnitedStates
Employment
EconomicIndicator
Macroeconomics
ADP April US employment +62K vs +115K expected
ADP April US employment +62K vs +115K expected
Results of the private payrolls survey for April 2025
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
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 Index stuck while recession and stagflation fears resurface
US Dollar Index stuck while recession and stagflation fears resurface
The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, trades flat at 99.30 at the time of writing on Wednesday.
TradeWar
UnitedStates
SEO
Macroeconomics
DollarIndex
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
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
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