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Forexlive European FX news wrap: Some calm after Monday's swings
Forexlive European FX news wrap: Some calm after Monday's swings
Forex news from the European morning session on Apr 22, 2025
Session wrap
Wrap Europe
AUD/USD retraces to near 0.6400 as US Dollar strives to gain ground
AUD/USD retraces to near 0.6400 as US Dollar strives to gain ground
The AUD/USD pair corrects slightly to near 0.6400 during European trading hours on Tuesday after posting a fresh four-month high at 0.6440 earlier in the day. The Aussie pair retraces as the US Dollar (USD) strives to gain ground after remaining in the downside trajectory in the last few weeks.
China
TradeWar
Fed
AUDUSD
DollarIndex
US Dollar stronger as Richmond Manufacturing sinks
US Dollar stronger as Richmond Manufacturing sinks
The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, is bouncing off a three-year low ahead of the US trading session.
UnitedStates
SEO
Macroeconomics
DollarIndex
Silver Price Forecast: XAG/USD wobbles below $33 as investors seek development in US-China trade
Silver Price Forecast: XAG/USD wobbles below $33 as investors seek development in US-China trade
Silver price (XAG/USD) trades sideways around $32.50 during European trading hours on Tuesday. The white metal has turned sideways over the last three trading days as investors look for fresh development in trade relations between the United States (US) and China.
Silver
China
Fed
UnitedStates
XAGUSD
USD/JPY: Stay short into Kato-Bessent meeting – OCBC
USD/JPY: Stay short into Kato-Bessent meeting – OCBC
USD/JPY continues to trade with a heavy bias as broad USD softness persists. Pair was last at 140.34 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
Technical Analysis
USDJPY
Banks
Gold: Another new high – OCBC
Gold: Another new high – OCBC
XAU/USD surged to another fresh highs as Trump doubled down on threats against Powell, OCBC's FX analysts Frances Cheung and Christopher Wong note.
Technical Analysis
XAUUSD
Metals
Gold
Banks
DXY: Short covering Soon? – OCBC
DXY: Short covering Soon? – OCBC
Dollar Index (DXY) continued to trade near recent lows and was last seen trading at 98.44, OCBC's FX analysts Frances Cheung and Christopher Wong note.
Technical Analysis
Banks
DollarIndex
US Vice President Vance: India and America have finalized terms of reference for a trade deal
US Vice President Vance: India and America have finalized terms of reference for a trade deal
US Vice President James David Vance announced on Tuesday that India and America have finalized the terms of reference for a trade deal.
TradeWar
UnitedStates
USDINR
India
Gold uptrend accelerates, MACD hits multiyear high – Société Générale
Gold uptrend accelerates, MACD hits multiyear high – Société Générale
Gold continues to push higher after defending its 50-day moving average, with no immediate signs of exhaustion.
Technical Analysis
XAUUSD
Metals
Gold
Banks
BoC holds at 2.75%, highlights tariff risks – Danske Bank
BoC holds at 2.75%, highlights tariff risks – Danske Bank
Before the Easter break, the BoC held the policy rate at 2.75% as expected by markets and the majority of analysts, Danske Bank's FX analysts report.
BOC
CentralBanks
InterestRate
Banks
USD/JPY tests key support near 139.50 – Société Générale
USD/JPY tests key support near 139.50 – Société Générale
USD/JPY continues to slide after breaking below a flag-like channel, hitting last year’s low around 139.50/138.90.
Technical Analysis
USDJPY
Banks
EUR/USD breaks 1.15 on 'Sell America' momentum – Danske Bank
EUR/USD breaks 1.15 on 'Sell America' momentum – Danske Bank
The US Dollar (USD) extended its decline as markets reacted to Trump's threats against Fed Chair Powell, worsening US asset market dynamics, and thin holiday liquidity. EUR/USD surged past 1.15, driven by ongoing risk aversion and safe-haven rotation away from the greenback.
Currencies
EURUSD
Banks
DollarIndex
Bitcoin breaks out of the range and eyes a key resistance
Bitcoin breaks out of the range and eyes a key resistance
Bitcoin was a standout yesterday as it decoupled from the stock market
FPFX Partners with Acuity Trading on Prop Trading Tools; Opens Cyprus Office
FPFX Partners with Acuity Trading on Prop Trading Tools; Opens Cyprus Office
News Discussion Forum
By Finance Magnates
FPFX Partners with Acuity Trading on Prop Trading Tools; Opens Cyprus Office
FPFX partners with Acuity Trading to add Research Terminal to its platform and white-label product, PropAccount.com, for enhanced trading insights.
FPFX Technologies
FPFX Tech
Acuity Trading
acuity
proprietary trading
prop trading
EUR/USD retraces as US Dollar finds temporary support
EUR/USD retraces as US Dollar finds temporary support
EUR/USD retraces to near 1.1470 during North American trading hours on Tuesday from an over three-year high of 1.1575, which it posted on Monday. The major currency pair has witnessed some profit-booking as the US Dollar (USD) strives to gain ground near its recent lows.
ECB
EURUSD
Fed
SEO
DollarIndex
Silver price today: Silver falls, according to FXStreet data
Silver price today: Silver falls, according to FXStreet data
Silver prices (XAG/USD) fell on Tuesday, according to FXStreet data.
Silver
Commodities
Metals
Why Is Bitcoin Price Surging? BTC Taps 6-Week High, While Expert Predicts $200K Targer in 2025
Why Is Bitcoin Price Surging? BTC Taps 6-Week High, While Expert Predicts $200K Targer in 2025
News Discussion Forum
By Finance Magnates
Why Is Bitcoin Price Surging? BTC Taps 6-Week High, While Expert Predicts $200K Targer in 2025
Why Bitcoin price is surging? BTCclimbed to its highest level since early March, trading above $88,800 amid growing concerns over Federal Reserve (Fed) independence and higher ETFs inflows.
bitcoin
Bitcoin Price
Bitcoin news
Little progress on trade negotiations keeps the market betting on more aggressive easing
Little progress on trade negotiations keeps the market betting on more aggressive easing
The market's pricing for major central banks remains skewed to the more dovish side amid lack of progress in trade negotiations
market overview
BoE’s Greene: Pricing partly reflects global factors
BoE’s Greene: Pricing partly reflects global factors
Bank of England (BoE) policymaker Megan Greene said on Tuesday that “pricing partly reflects global factors.”
BOE
CentralBanks
InterestRate
GBPUSD
Oil caught up in risk-off move – ING
Oil caught up in risk-off move – ING
Oil, though, was unable to escape the broader risk-off move in markets yesterday. ICE Brent settled 2.5% lower on the day, ING's commodity experts Ewa Manthey and Warren Patterson note
Oil
Energy
WTI
Commodities
Banks
CAD: Downside risks still prevail – Commerzbank
CAD: Downside risks still prevail – Commerzbank
USD/CAD has fallen significantly in recent weeks. However, this was due to pronounced USD weakness rather than CAD strength. If the US dollar recovers, we are likely to see higher levels again.
Technical Analysis
Canada
BOC
USDCAD
Banks
SwissBorg Awarding Up to €30,000 in Grants to Help You Take the Leap
SwissBorg Awarding Up to €30,000 in Grants to Help You Take the Leap
News Discussion Forum
By Finance Magnates
SwissBorg Awarding Up to €30,000 in Grants to Help You Take the Leap
Eligible participants can apply at no cost by submitting a short description of a project.
USD/CAD maintains losses near 1.3800, six-month lows due to higher Oil prices
USD/CAD maintains losses near 1.3800, six-month lows due to higher Oil prices
USD/CAD continues to slide for the second consecutive day, trading near 1.3810 during Tuesday’s European session. The Canadian Dollar (CAD) gains traction, buoyed by a rebound in crude Oil prices and broader macroeconomic factors.
USDCAD
Macroeconomics
Oil
Majors
Canada
TRY: Re-establishing credibility is always difficult – Commerzbank
TRY: Re-establishing credibility is always difficult – Commerzbank
Last Thursday, Turkey's central bank (CBT) surprised markets by raising its main policy rate from 42.5% to 46.0%. Simultaneously, it increased the overnight lending rate to 49%, and the overnight borrowing rate to 44.5%.
Turkey
CBRT
Banks
USDTRY
Gold price holds on to gains ahead of US session after reaching $3,500 first time ever
Gold price holds on to gains ahead of US session after reaching $3,500 first time ever
Gold price (XAU/USD) is continuing its historic performance with another record high in early Asian trading on Tuesday, at $3,500.
UnitedStates
SEO
Gold
Commodities
JPY: Strong position – ING
JPY: Strong position – ING
The Japanese Yen (JPY) is the biggest winner in this latest round of USD selling, as it responds to both the equity slump and the risks of the Fed’s independence.
Technical Analysis
BOJ
Japan
USDJPY
Banks
GBP/JPY: Pound Sterling cross rates mixed at the start of the European session
GBP/JPY: Pound Sterling cross rates mixed at the start of the European session
Pound Sterling (GBP) crosses trade mixed at the start of Tuesday, according to FXStreet data. The Pound Sterling (GBP) to the Japanese Yen changes hands at 188.02, with the GBP/JPY pair declining from its previous close at 188.44.
Currencies
GBPCAD
GBPJPY
CROSS
JPY: Strength mainly vs. the USD – Commerzbank
JPY: Strength mainly vs. the USD – Commerzbank
The Japanese yen continued to strengthen against the US dollar over the holiday weekend, with the USD/JPY approaching 140 this morning.
Technical Analysis
BOJ
Japan
USDJPY
Banks
Why Dollar Is Falling? USD Price Dives to Three-Year Low as FX Trading Platforms Expand
Why Dollar Is Falling? USD Price Dives to Three-Year Low as FX Trading Platforms Expand
News Discussion Forum
By Finance Magnates
Why Dollar Is Falling? USD Price Dives to Three-Year Low as FX Trading Platforms Expand
The U.S. dollar's slide to a three-year low is driving a boom in foreign exchange (FX) trading activity, prompting Singapore-based FX platform Spark Systems to expand its workforce as volatility in...
dollar
dollar index
usd
US dollar
USD: Confidence crisis extends – ING
USD: Confidence crisis extends – ING
US Dollar (USD) losses of the past few weeks have been a combination of mounting US growth concerns and a loss of confidence in the dollar as a safe haven. The round of USD weakness seen on Easter Monday belongs to both trends.
Technical Analysis
Fed
Banks
DollarIndex
Dollar weakness due to threat to Fed independence – Commerzbank
Dollar weakness due to threat to Fed independence – Commerzbank
The US president's attacks on Fed Chair Jay Powell are intensifying. And the dollar is weakening accordingly. The President of the United States is not well versed in conventional forms of politeness. We also know that he prefers a loose monetary policy.
Fed
Banks
DollarIndex
Airwallex Report: Reimbursement Delays Are Draining UK Employees
Airwallex Report: Reimbursement Delays Are Draining UK Employees
News Discussion Forum
By Finance Magnates
Airwallex Report: Reimbursement Delays Are Draining UK Employees
Airwallex report shows how slow, outdated expense reimbursement systems are financially impacting UK employees causing a range of issues.
Airwallex
reimbursement
trending
WTI rises to near $63.50 due to covering short positions
WTI rises to near $63.50 due to covering short positions
West Texas Intermediate (WTI) Oil price retraces its recent losses from the previous session, trading around $63.30 per barrel during the European hours on Tuesday. The uptick in crude Oil prices came as investors took advantage of Monday’s sharp sell-off to cover short positions.
Oil
Majors
WTI
Commodities
Macroeconomics
Gold surges to fresh record high – ING
Gold surges to fresh record high – ING
Gold surged to new record highs as President Trump threatened to fire US Federal Reserve Chair Jerome Powell, sparking a flight to safe-haven assets, ING's commodity experts Ewa Manthey and Warren Patterson note.
XAUUSD
Metals
Gold
Commodities
Banks
EUR/GBP today: Euro cross rates mixed at the start of the European session
EUR/GBP today: Euro cross rates mixed at the start of the European session
Euro (EUR) crosses trade mixed at the start of Tuesday, according to FXStreet data.
Currencies
EURJPY
EURGBP
CROSS
109 Million Wallets Use Stablecoins—So Why Do Brokers Still Say No?
109 Million Wallets Use Stablecoins—So Why Do Brokers Still Say No?
News Discussion Forum
By Finance Magnates
109 Million Wallets Use Stablecoins—So Why Do Brokers Still Say No?
“We’re excited to support stablecoins, with near-instant, near-free global transactions”: this line stood out in Stripe's 2024 annual letter.
stablecoins
brokers
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