UBS adds that Germany will likely be the most impacted from US tariffs while France is to be the least affected even amid a global slowdown.With Trump tariffs set to go into effect, expect analysts to continue to slash growth forecasts not just in Europe but all over...
Gold Technical Analysis – Global market rout weighs on the precious metal
Fundamental OverviewThe global stock market rout didn’t spare gold as the precious metal fell alongside equities although on a much lesser scale. There's a common misconception with gold. People think it's a safe haven in crises times. But history suggests otherwise....
European indices look for a bounce after a dreadful past few sessions
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
The yuan devaluation is now a big risk for markets
Trump escalated the trade war further yesterday threatening additional 50% tariffs on China effective tomorrow if they don't back off from the recent retaliatory tariffs. This move increased the risk of the yuan devaluation which could roil the markets if...
France February trade balance -€7.87 billion vs -€5.85 billion expected
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
China says US actions do not show willingness for serious talks
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
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US futures hold up for now but tariffs threat remains
S&P 500 futures +1.4%Nasdaq futures +1.1%Dow futures +1.7%While there is a suggestion that market players are holding out some optimism for Trump to start making deals, the threat of him just letting the world burn in the meantime is still very much alive. There's...
FX option expiries for 8 April 10am New York cut
There aren't any major expiries to take note of, at least ones closer to the current spot levels. In any case, trading sentiment in times like these are much more reliant on the risk mood and more importantly headline risk. Yesterday's fake news on the 90-day tariffs...
Markets look to the art of the deal next
What a wild day in markets yesterday. It looked like we were bound for some pain early on in US trading before a fake headline sent markets into overdrive. If anything, it shows two things. One, that this is a market that is ready to rip on any positive headlines...
ForexLive Asia-Pacific FX news wrap: Tariff tensions, China signals firm response
Proposed U.S. shipping rules could disrupt trade and ports, industry warns - From April 17Chinese stocks higher as state support lifts sentimentDeutsche Bank is now forecasting a 50bp RBA rate cut in MayGlobal turmoil raises chances of larger RBNZ rate cut - meeting...
Proposed U.S. shipping rules could disrupt trade and ports, industry warns – From April 17
The U.S. Trade Representative is expected to introduce steep fees—up to $1.5 million per port call—on vessels made in China or owned by carriers with such ships, starting April 17. In response, ocean carriers may skip smaller U.S. ports or shift capacity to other...
Chinese stocks higher as state support lifts sentiment
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
Deutsche Bank is now forecasting a 50bp RBA rate cut in May
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
Global turmoil raises chances of larger RBNZ rate cut – meeting tomorrow
The Reserve Bank of New Zealand is expected to cut its official cash rate by 25 basis points to 3.50% on Wednesday, but mounting global trade war fears may push the central bank to deliver a deeper, 50 basis point cut.Prior to the recent market selloff, all 31...
Australia business confidence (March 2025) -3.0 (prior -1.0)
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
More – China’s Huijin vows to act as market stabiliser, boost long-term share buying
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
PBOC sets USD/ CNY reference rate for today at 7.2038 (vs. estimate at 7.3321)
The People's Bank of China (PBOC), China's central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate within a certain...
China commerce ministry: China will never accept the “blackmail nature” of the US
China commerce ministry issued a statement on the US threat to escalate tariffs on ChinaThe US threatens to escalate tariffs on China, “which is a mistake on top of a mistake”China will never accept the “blackmail nature” of the USChina urges the United States to...
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