Forex News

US Treasury Secretary says situation with China is unsustainable, source says

U.S. Treasury Secretary Scott Bessent on Tuesday said that the tariff standoff with China is unsustainable and that he expects the situation to de-escalate, a source familiar said.

Tue, 22 Apr 2025 13:26:25 -0400

Treasury Secretary Bessent: China negotiations will be a 'slog'

From the private meeting with Treas. Sec. Bessent China negotiations will be a 'slog' Describes current bilateral trade situation as an embargo No one thinks the current status quo between China is sustainable.

Tue, 22 Apr 2025 13:17:26 -0400

Politico: White House reportedly close on Japan and India trade agreements

Politico is reporting that the White House says that they are close on Japan and India trade agreement: The White House is closing in on general agreements with Japan and India to stave off massive US tariffs, but they are likely to leave many of the thorny details to be hashed out at a later date. Administration officials are working to eight what three people close to the White House described as memorandums of understanding or a broad architecture for future deals.

Tue, 22 Apr 2025 13:12:28 -0400

United States 2-Year Note Auction: 3.795% vs previous 3.984%

United States 2-Year Note Auction: 3.795% vs previous 3.984%

Tue, 22 Apr 2025 13:04:47 -0400

Bessent signals US willingness to offer Argentina credit line, Bloomberg reports

U.S. President Donald Trump's administration would be willing to offer Argentina's government a specific credit line if a global shock jeopardized President Javier Milei's economic turnaround, according to Treasury Secretary Scott Bessent's comments reported by Bloomberg News on Tuesday.

Tue, 22 Apr 2025 13:01:55 -0400

US Treasury Secretary Bessent sees de-escalation with China – Bloomberg

The US Treasury Secretary Scott Bessent commented that the tariff standoff with China is unsustainable and that he expects a de-escalation of the situation.

Tue, 22 Apr 2025 12:33:51 -0400

European indices close mostly higher

US stocks are currently trading near highs with the NASDAQ now 3.3%. The S&P index is up 2.84% and the Dow industrial average is up 2.8% as investors cover shorts after the Treasury Secretary Bessent comments on China.

Tue, 22 Apr 2025 12:31:43 -0400

ECB's Lagarde urges dialogue on tariffs, rejects US claims of EU trade bias

Speaking on the sidelines of the IMF-World Bank Spring Meetings, ECB President Christine Lagarde called for constructive negotiations to resolve rising US-EU trade tensions.

Tue, 22 Apr 2025 11:15:43 -0400

Lagarde speech: Either we cut or pause but we will be data dependent to extreme

In an interview with CNBC on Tuesday, European Central Bank (ECB) President Christine Lagarde said that they must be flexible and prepared to take action, per Reuters.

Tue, 22 Apr 2025 10:20:33 -0400

Exclusive: Russia cuts 2025 energy export income estimate by 15%, document shows

Russia has cut its forecast for 2025-2027 oil and gas export revenues, a key source of funding for the state budget, due to weaker oil prices, seeing the proceeds falling by 15% this year, according to an economy ministry document seen by Reuters.

Tue, 22 Apr 2025 10:19:06 -0400

Exclusive: 'China Track' bank netting system shields Russia-China trade from Western eyes

Major Russian banks have set up a netting payments system dubbed "The China Track" for transactions with China, aiming to reduce their visibility to Western regulators and mitigate the risk of secondary sanctions, banking sources told Reuters.

Tue, 22 Apr 2025 10:08:58 -0400

Hindustan Copper Elliott Wave: Blue box support delivers another bullish reversal

Hindustan Copper Ltd. (HINDCOPPER) continues to respect the principles of Elliott Wave Theory, as the recent price action once again validated the power of the Blue Box area.

Tue, 22 Apr 2025 10:03:23 -0400

Eurozone Consumer Confidence came in at -16.7 below forecasts (-15.6) in April

Eurozone Consumer Confidence came in at -16.7 below forecasts (-15.6) in April

Tue, 22 Apr 2025 10:01:13 -0400

United States Richmond Fed Manufacturing Index registered at -13, below expectations (-6) in April

United States Richmond Fed Manufacturing Index registered at -13, below expectations (-6) in April

Tue, 22 Apr 2025 10:00:29 -0400

Natural Gas Price Outlook – Natural Gas Attempts to Stabilize on Tuesday

The natural gas market has been somewhat positive in the early hours of Tuesday, as the markets continue to see a lot of noisy trading overall. At this point, the natural gas market is likely to see less demand due to the time of year.

Tue, 22 Apr 2025 09:54:47 -0400

Crude Oil Price Outlook – Crude Continues to Build a Base

The oil markets are in the process of potentially building a base from which to launch. At this point in time, the markets are looking to go sideways, which of course is the first thing that can create an uptrend.

Tue, 22 Apr 2025 09:43:09 -0400

IMF cuts Japan's growth forecast as Trump tariffs bite

The International Monetary Fund on Tuesday cut its economic growth forecast for Japan and projected the central bank would lift interest rates at a slower-than-expected pace due to the impact of higher U.S. tariffs.

Tue, 22 Apr 2025 09:39:15 -0400

IMF cuts euro zone growth forecast amid tariff uncertainty

The International Monetary Fund on Tuesday cut its economic growth forecast for the euro zone for this year and next, citing the increase in U.S. tariffs and uncertainty surrounding their implementation.

Tue, 22 Apr 2025 09:35:01 -0400

EUR consolidates rally from February lows – Scotiabank

The Euro (EUR) is softer, down 0.2% against the US Dollar (USD) and underperforming most of the G10 currencies along with Swiss Franc (CHF) and Australian Dollar (AUD), Scotiabank's Chief FX Strategist Shaun Osborne notes.

Tue, 22 Apr 2025 09:31:03 -0400

Japanese Yen Surges To 7-Month Highs, Expects Best Year Since 2010 As Safe-Haven Stampede Intensifies

As gold rips through record highs above $3,500 an ounce, another classic safe haven is quietly staging one of its strongest comebacks in over a decade: the Japanese yen. With global investors gripped by tariff fears, central bank politicization, and a deteriorating U.S. economic backdrop, Japan's currency has emerged as a stealth winner, rallying 12% year-to-date through April 22—its strongest surge since 2010.

Tue, 22 Apr 2025 09:29:44 -0400

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