News
Important Only
USD consolidates as trade/Fed concerns ease – Scotiabank
Markets are trading with a sense of relief this morning. Late yesterday, President Trump said he had no intention of firing Fed Chair Powell and remarked that the 145% tariffs on China could be reduced substantially following a trade deal.Fxstreet
Wed, Apr 23
Bitcoin Price Forecast: BTC bullish momentum builds as premium exceeds 9% for first time in three months
Bitcoin price (BTC) is extending its gains, trading above $94,000 at the time of writing on Wednesday, following a two-day rally of 9.75% so far this week. BTC rally gathers momentum as trade war fears ease, following US President Donald Trump’s downplaying of tensions with China.
Fxstreet
Wed, Apr 23
AUD/USD breaks out of spring range – Société Générale
AUD/USD has staged a notable recovery this month, breaching key resistance levels and eyeing a test of the 200-day moving average. A sustained break higher could signal a broader bullish trend reversal, with targets at 0.6550 and beyond, Société Générale's FX analysts note.
Fxstreet
Wed, Apr 23
Signs of easing for the USD – Commerzbank
EUR-USD did not stay above 1.15 for long, instead we saw a broad-based recovery in the US dollar yesterday. A number of factors may have played a role. One of the most important was certainly Donald Trump's announcement last night that he has 'no intention of firing Fed Chairman Jerome Powell'.Fxstreet
Wed, Apr 23
US Dollar Index Price Forecast: Tests 99.00 support after pulling back from nine-day EMA
The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against a basket of six major currencies, has lost its intraday gains, trading around 99.00 during the European hours on Wednesday.Fxstreet
Wed, Apr 23
Cardano Price Forecast: ADA extends gains toward $0.80 as bullish bets and whale accumulation increase
Cardano (ADA) price is extending its gains, trading at around $0.69 at the time of writing on Wednesday after rallying nearly 9% the previous day. On-chain data supports this rise as Santiment’s Supply Distribution metric indicates that whale wallets are accumulating ADA tokens.
Fxstreet
Wed, Apr 23
NZD/USD Price Forecast: Bounces off 0.5950 near ascending channel’s lower boundary
The NZD/USD pair recovers its recent losses registered in the previous session, trading around 0.6000 during early European trading hours on Wednesday. Technical analysis on the daily chart indicates a bullish bias, with the formation of an ascending channel pattern.
Fxstreet
Wed, Apr 23
EUR/USD Price Forecast: Bounces off 1.1300 neighborhood; shows resilience below 23.6% Fibo.
The EUR/USD pair attracts some follow-through selling for the second straight day on Wednesday and drops to a one-week low during the Asian session. Spot prices, however, rebound a few pips from the 1.1300 neighborhood and currently trade around the 1.1380 region, still down over 0.35% for the day.Fxstreet
Wed, Apr 23
