West Texas Intermediate (WTI) crude Oil price edges lower during Asian trading hours on Friday, trading near $59.80 per barrel after posting a nearly 4% gain in the previous session.
The S&P 500 ($SPX) has shown significant correction since its peak on February 17, 2025, before a tariff announcement.
Chinese Vice Foreign Minister Hua Chunying said on Friday, “China has ‘full confidence’ in its ability to manage United States (US) trade issues.”
China’s Trade Balance for April, in Chinese Yuan (CNY) terms, came in at CNY689.99 billion, showing a slight cooling off from the previous figure of CNY736.72 billion.
China Trade Balance CNY declined to 689.99B in April from previous 736.72B
China Imports (YoY) above forecasts (-5.9%) in April: Actual (-0.2%)
China Trade Balance USD registered at $96.18B above expectations ($89B) in April
China Exports (YoY) registered at 8.1% above expectations (1.9%) in April
China Exports (YoY) CNY declined to 9.3% in April from previous 13.5%
China Imports (YoY) above forecasts (-5.9%) in April: Actual (0.8%)
Indonesia Consumer Confidence up to 121.7 in April from previous 121.1
Indonesia Consumer Confidence climbed from previous 121.1 to 121.8 in April
The Indian Rupee (INR) gains ground against the US Dollar (USD), recovering losses on Friday. However, the USD/INR pair opened with a gap up following approximately a 1% gain in the previous day. Traders will likely await India’s FX Reserves data later…
The USD/CAD pair is seen building on this week’s recovery from the year-to-date low, around mid-1.3700s, and gaining positive traction for the third successive day on Friday.
Gold price (XAU/USD) turns positive following an intraday slide to the $3,275-3,274 area as geopolitical risks stemming from the Russia-Ukraine war, the escalation of tensions in the Middle East, and the India-Pakistan border revive safe-haven demand.
The AUD/USD pair recovers its daily losses, trading near 0.6400 during Friday’s Asian session, following China trade balance data. However, the Australian Dollar (AUD) remains under pressure due to stalled progress in US-China trade negotiations.
The People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead on Friday at 7.2095 as compared to the previous day’s fix of 7.2073 and 7.2581 Reuters estimate.
Japan JP Foreign Reserves rose from previous $1272.5B to $1298.2B in April
Japan JP Foreign Reserves: $1B (April) vs previous $1272.5B
EUR/USD trimmed into the low end on Thursday, shedding a little over two-thirds of one percent from the day’s opening bids after US Dollar (USD) bids caught a broad-market boost following the tentative announcement of a pending trade deal between the U…
Japan Overall Household Spending (YoY) came in at 2.1%, above forecasts (0.2%) in March
Japan Labor Cash Earnings (YoY) came in at 2.1% below forecasts (2.3%) in March
Josh Raffaelli, who has deep roots as a Silicon Valley investor and has backed a number of Elon Musk companies, is suing his former employer, the massive trillion-dollar AUM Brookfield Asset Management, reports The New York Times. Much of Raffaelli’s …
Colombia Consumer Price Index (YoY) registered at 5.16% above expectations (5%) in April
Colombia Consumer Price Index (MoM) came in at 0.66%, above expectations (0.5%) in April
South Korea Current Account Balance up to 9.14B in March from previous 7.18B
GBP/USD kicked off Thursday with an early spat of gains, fueled by the Bank of England (BoE) delivering the market a widely-anticipated quarter point rate cut.
Siver price held firm on Thursday as risk appetite improved on news of a US-UK trade deal, along with hopes that Sino-US tensions could be lowered, as delegations of both countries would meet in Switzerland this weekend. At the time of writing, XAG/USD…
United States (US) Commerce Secretary Howard Lutnick gave back-to-back interviews on CNBC and Fox Business on Thursday, reiterating some common trade talking points from the Trump administration.
The AUD/NZD pair climbed higher on Thursday, trading near the 1.0800 area after the European session, reflecting a steady bullish tone as the market approaches the Asian session.
The USD/JPY pair surged higher as the US Dollar (USD) strengthened following the Federal Reserve’s decision to leave interest rates unchanged, coupled with renewed optimism over US-UK trade ties.
The Mexican Peso advanced on Thursday against the Greenback as prices in Mexico accelerated near the top of Banco de Mexico’s (Banxico) inflation tolerance range. Additionally, an improvement in risk appetite due to the US/UK trade deal increased Peso’…
The EUR/JPY pair pushed higher on Thursday, trading near the 164.00 zone after the European session, reflecting a strong bullish tone as the pair approaches the Asian session.
The Australian Dollar (AUD) faced some pressure in the market after disappointing progress on US-China trade negotiations. Although the global risk environment remains positive, tariffs and trade policy concerns impact the Aussie’s movement.
USD/INR surged to fresh highs on Thursday, bolstered by a fresh pummeling of the Indian Rupee (INR). India and Pakistan are spooling up a direct military conflict as the two countries continue to lay competing claims over the Kashmir region.
Argentina Industrial Output n.s.a (YoY) down to 5.2% in March from previous 5.6%
Gold price tumbled for the second consecutive day as traders erased Bullion’s advance on Tuesday, which pushed its gains past the $3,400 figure. The announcement of a US-UK trade deal boosted the US Dollar (USD) to the detriment of XAU/USD, which trade…
The US Dollar Index (DXY), which measures the value of the US Dollar against a basket of currencies, trades near 100.00 on Thursday, lifted modestly by upbeat US data and expectations of extended yield differentials.
The Pound Sterling (GBP) advanced during the North American session after the Bank of England (BoE) reduced borrowing costs on a 7-2 vote split, with two members voting to hold rates unchanged.
The Dow Jones Industrial Average (DJIA) gained ground on Thursday, climbing over 650 points or 1.6% at its peak after the Trump administration announced an incoming (but still not signed) trade deal with the United Kingdom (UK).
The Canadian Dollar (CAD) hit a soft patch on Thursday, extending into a second straight day of losses as the US Dollar (USD) catches a broad bid on hopes that the Trump administration will pick up the pace of inking trade deals to subvert its own self…
The Greenback edged sharply higher as markets digested the Federal Reserve’s decision to leave interest rates unchanged, while markets’ attention remained on the trade front following news of a US-UK trade agreement.
United States 30-Year Bond Auction increased to 4.819% from previous 4.813%
The EUR/GBP pair drifted lower on Thursday, trading near the 0.8500 zone after the European session and settling within the middle of the day’s range. The decline reflects growing bearish sentiment in the short term, with technical signals tilting to t…
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