News
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Gold price slips below $3,300 amid weak US data, set for over 5% monthly gains
Gold fell some 0.69% during the North American session on Wednesday after hitting a daily high of $3,328. Data from the United States (US) revealed an economic contraction and fueled speculation for further interest rate cuts by the Federal Reserve (Fed).
Fxstreet
Wed, Apr 30
AUD/USD gains as market reacts to weak US data, global uncertainty
The AUD/USD pair saw a slight uptick as investors weighed weak United States (US) economic data, including a contraction in Q1 GDP. The market now expects potential Federal Reserve (Fed) rate cuts, which have pressured the US Dollar (USD).
Fxstreet
Wed, Apr 30
Forex Today: The BoJ is widely anticipated to keep rates unchanged
Renewed buying interest prompted the US Dollar to add to Tuesday’s gains, always on the back of alleviating concerns over US-China trade effervescence and investors’ assessment of weaker-than-expected US data releases. Most markets will be closed on May 1 due to the Labour Day holiday.
US Dollar Index drifts sideways ahead of key jobs and inflation data
The US Dollar Index (DXY), which measures the value of the US Dollar against a basket of currencies, hovered near 99.30 on Wednesday as investors remained cautious ahead of the Nonfarm Payrolls and inflation data later in the week.Fxstreet
Wed, Apr 30
Ethereum Price Forecast: ETH on-chain activity indicates mixed sentiment among investors
Ethereum (ETH) is down 3% on Wednesday following mixed signals across the top altcoin’s on-chain metrics. While futures traders appeared to be positioning for a downside move, spot traders maintained a modest buying pressure.
Fxstreet
Wed, Apr 30
GBP/USD drops as US economy shrinks, inflation holds firm
The Pound Sterling tumbled against the US dollar as the economy in the United States contracted, as revealed by Gross Domestic Product (GDP) figures for Q1 2025. At the time of writing, the GBP/USD trades at 1.3331, down 0.51%
Fxstreet
Wed, Apr 30
EUR/USD Price Analysis: Bulls remain favored despite intraday setback
After the European session on Wednesday, EUR/USD was seen moving lower toward the 1.1350 area, retreating modestly from earlier highs. Despite this intraday softness, the pair maintains a bullish outlook, largely supported by the positioning of its moving averages.Fxstreet
Wed, Apr 30
JPY is underperforming on data disappointment – Scotiabank
Japanese Yen (JPY) is weak, down 0.5% against the US Dollar (USD) and underperforming all the G10 currencies on the back of weaker than expected industrial production and retail sales data, Scotiabank's Chief FX Strategist Shaun Osborne notes.Fxstreet
Wed, Apr 30
USD holds ground despite weaker JOLTS data – Danske Bank
In an otherwise relatively quiet week, the USD found some support from the continued positive risk environment, bolstered by de-escalating tariff headlines - even as JOLTS job openings saw a larger-than-expected decline in March (ahead of Liberation Day), Danske Bank's FX analysts report.Fxstreet
Wed, Apr 30
USD/CAD ticks higher amid bearish Oil prices, remains below mid-1.3800s ahead of US data
The USD/CAD pair extends its sideways consolidative price move through the first half of the European session on Wednesday and remains confined in a familiar range held over the past two weeks.Fxstreet
Wed, Apr 30
USD: Equities providing shield against bad data – ING
The US Dollar (USD) continues to be pulled by opposing forces: US President Donald Trump’s scaling back of some protectionism measures versus data evidence of a US slowdown. Ultimately, the tiebreak for FX impact seems to be equities performance.Fxstreet
Wed, Apr 30
THORChain announces integration of XRP stagenet ahead of the mainnet network launch
THORChain (RUNE) announced on Tuesday that its stagenet development of its Ripple (XRP) integration is nearing the final step, with mainnet activation imminent. This integration enhances THORChain’s economic model by increasing swap activity and protocol fees.Fxstreet
Wed, Apr 30
