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US Dollar Index slumps below 98.50 on trade war woes
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, falls to near 98.30, the lowest since March 2022. The heightened uncertainty around US President Donald Trump’s tariffs and concerns over global economic growth amid the...Fxstreet
Mon, Apr 21
Tesla faces “code red” as Musk’s DOGE role sparks brand crisis
Tesla analyst Dan Ives warned investors on Sunday that the company faces a “code red” moment unless Chief Executive Elon Musk walks away from his controversial government activities and turns his attention back to the company. In a note to Wedbush Securities clients ahead of Tesla’s first‑quarter ea
Cryptopolitan
Mon, Apr 21
JGB yields with super-long maturities jump ahead of auction
TOKYO, April 21 (Reuters) - Yields on Japanese government bonds (JGBs) with super-long maturities jumped on Monday as investors turned cautious about a liquidity-enhancing auction in the next session, which will gauge the demand for such bonds.
Reuters
Mon, Apr 21
US beef off the menu as the trade war hits Beijing's American-style restaurants
BEIJING, April 21 (Reuters) - At Home Plate BBQ, an American-style restaurant in Beijing, staff are reprinting menus. The U.S.-China trade war means American beef - once the star ingredient - will soon be off the table.
Reuters
Mon, Apr 21
Dollar tumbles as Fed independence under threat from Trump
SINGAPORE, April 21 (Reuters) - The dollar dived on Monday as investor confidence in the U.S. economy took another hit over President Donald Trump's plans to shake up the Federal Reserve, which would throw into question the independence of the central bank.Reuters
Mon, Apr 21
WTI trades with intraday losses below $63.00 amid progress in US-Iran nuclear talks
West Texas Intermediate (WTI) US Crude Oil prices kick off the new week on a weaker note and for now, seems to have snapped a two-day winning streak to a near two-week high – levels just above the $64.00 mark touched on Friday.
Fxstreet
Mon, Apr 21
Trump’s Tariff Policies Come at a High Cost: Economic Approval Rate Hits New Low, GOP Warns of Party Rift
TradingKey - U.S. President Donald Trump’s relentless push to raise tariffs is not only threatening U.S. and global economic growth but also undermining his own presidential approval ratings, with support for his economic policies hitting a new low in his presidency. Meanwhile, there are growing...TradingKey
Mon, Apr 21
Trump’s "Golden Rule" Fuel Gold Rally, Trump’s Shadow Looms Large Over Gold Bull Market
TradingKey - Following a 25% surge in international gold prices in 2025, the rally has gained fresh momentum: U.S. President Donald Trump's threat to fire Federal Reserve Chair Jerome Powell has sparked concerns over financial stability, while Trump openly endorsed holding gold, stating, "HE WHO HAS
TradingKey
Mon, Apr 21
Japan's Nikkei drops as stronger yen pressures exporters
TOKYO, April 21 (Reuters) - Japan's Nikkei share average fell on Monday as a stronger yen pressured exporters, while investors awaited signs on the currency's direction from talks between finance chiefs of Japan and the United States this week.Reuters
Mon, Apr 21
Before Tesla Q1 Earnings, Wedbush: Musk's DOGE Role Could Make or Break Tesla
TradingKey - Ahead of Tesla's Q1 2025 earnings report, Dan Ives, a "longtime Tesla bull" and analyst at Wedbush, has issued another warning. He stated that Elon Musk’s political role in the White House’s Department of Government Efficiency (DOGE) is damaging Tesla's brand, and whether Musk stays...TradingKey
Mon, Apr 21
China leaves lending benchmarks unchanged as expected in April
SHANGHAI, April 21 (Reuters) - China held benchmark lending rates steady on Monday for the sixth successive month, matching market expectations.The one-year loan prime rate (LPR) CNYLPR1Y=CFXS was kept at 3.1%, while the five-year LPR CNYLPR5Y=CFXS was unchanged at 3.6%.Reuters
Mon, Apr 21
EUR/USD advances to 1.1485 region, fresh high since February 2022 amid bearish USD
The EUR/USD pair breaks out through a multi-day-old trading range and touches a fresh high since February 2022, around the 1.1485 area during the Asian session on Monday. The momentum is sponsored by the bearish sentiment surrounding the US Dollar (USD), which supports prospects for an extension...
Fxstreet
Mon, Apr 21
Wall St Week Ahead-Busy US earnings week confronts market grappling with tariff fallout
NEW YORK, April 18 (Reuters) - A heavy slate of U.S. company results in the coming week will test a stock market shaken by a U.S. trade policy overhaul that upended the outlook for the global economy and corporate America.Reuters
Mon, Apr 21
China sends Boeing’s $55M jet back to US threatening future sales
A brand‑new Boeing 737 MAX to be used for Xiamen Airlines flew back to Seattle on Saturday. This happened after trade tariffs were announced for China, underscoring the deepening clash between Washington and Beijing.
Cryptopolitan
Mon, Apr 21
AUD/USD edges higher above 0.6350 ahead of PBoC rate decision
The AUD/USD pair trades in positive territory around 0.6380 during the Asian session on Monday, bolstered by the weaker US Dollar (USD). Traders await the developments surrounding the United States and China trade discussions, while tensions between the two largest economies are intensifying.
Fxstreet
Mon, Apr 21
Russia's economy ministry cuts 2025 Brent price forecast by nearly 17%, Interfax reports
April 21 (Reuters) - Russia's economy ministry has cut its forecast for the average price of Brent crude in 2025 by nearly 17% from what it saw the price would be this year in its September calculations, Interfax news agency reported early on Monday.Reuters
Mon, Apr 21
