Asian stocks ended their five-day winning streak as a short-lived global rally lost steam due to mixed messages from the Trump administration about China tariffs. A regional stock index dropped 0.3% after Treasury Secretary Scott Bessent raised doubts about resolving the US-China trade war soon. Hong Kong’s stocks fell 1.2%, their first drop in four […]
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, experience level, and risk tolerance. You could lose some or all your initial investment; do not
Markets are treading water in the Asian session today, with most asset classes trading mixed and within familiar ranges. While US equities closed higher overnight, much of the early gains were pared back, signaling the fragility of the current risk-on mood. The price action reflects what is often seen during a relief rally—short-lived optimism that
Goldman Sachs was the top US dealer for foreign exchange trading revenues in 2024, which more than doubled at the firm thanks to increased trading activity at the end of the year, according to regulatory filings. The investment bank generated revenues of $6.3 billion for the year, up 125% from $2.8 billion in 2023, thanks
USD/CAD weakens as the Fed’s April Beige Book underscores the potential negative impact of tariffs on the economic outlook. The US Dollar also loses ground after the flash Composite PMI pointed to a slowdown in overall business activity. President Trump suggested the 25% tariff on Canadian auto imports to the US could be raised. USD/CAD
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, experience level, and risk tolerance. You could lose some or all your initial investment; do not
South Korea’s gross domestic product was down a seasonally adjusted 0.2 percent on quarter in the first quarter of 2025, the Bank of Korea said in Thursday’s preliminary reading. That missed forecasts for an increase of 0.1 percent, which would have been unchanged from the three months prior. On an annualized basis, GDP slipped 0.1
AUD/JPY trades near the 91.00 zone after bouncing within Wednesday’s range. The broader trend remains bearish amid pressure from longer-term moving averages. Key resistance is seen near the 91.20–91.80 zone, with support near 90.70. The AUD/JPY pair was seen around the 91.00 zone in Wednesday’s session, staging a modest intraday advance ahead of the Asian
Trump says it depends on China how soon tariffs can come down: have spoken to 90 countries regarding tariffs already over the next 2 – 3 weeks will set tariff for China Trump’s remarks coming after an executive order signing ceremony in the Oval Office. The orders were related to education. * Trump spoke yesterday
The Greenback extended their recovery on the back of auspicious headlines around the US-China trade crisis and mitigating fears around potential threats to the Fed’s independence by President Trump. Here is what you need to know on Thursday, April 24: The US Dollar Index (DXY) advanced further and retargeted the psychological 100.00 barrier, up for
Ryan Petersen from Flexport today highlights that it’s been 3 weeks since large US tariffs were put on China and that ocean container bookings are down over 60% across the industry. He notes that the US imports $600 billion in goods (though I think the correct number is $460 billion) from China annually and those
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GBP/USD is pressured by upbeat US PMIs and growing confidence in the US Dollar amid trade de-escalation signals. Trump eases market jitters by confirming no intention to fire Powell, lifting risk appetite and USD. The Pound Sterling holds above key support at 1.3250; a break below could open the door to test 1.3152 (50-day SMA).
Global financial markets are trading with a cautiously positive tone today, with modest gains across Europe and US futures pointing to a higher open. Investor sentiment has improved on the back of US President Donald Trump stepping back from recent aggressive rhetoric—both toward Fed Chair Jerome Powell and on tariffs against China. The perceived softening
