EUR/USD declines as USD rebounds despite contradictory remarks from Trump-China

EUR/USD falls to near 1.1350 as the US Dollar resumes recovery on increasing odds of de-escalation in the US-China trade war. Beijing is considering pausing additional tariffs on some goods from the US. ECB’s Holzmann warns about structural weakness in the Eurozone economy. EUR/USD trades lower around 1.1350 during North American trading hours on Friday. The major currency pair…

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European equity close: Solid gains to cap a sizzling week

Closing changes on the day: German DAX, +0.8% France’s CAC +0.5% UK’s FTSE 100 +0.1% Spain’s Ibex +1.3% Italy’s FTSE MIB +1.4% On the week: German DAX, +4.9% France’s CAC +3.5% UK’s FTSE 100 +1.6% Spain’s Ibex +3.4% Italy’s FTSE MIB +3.7% The market is betting that Trump will walk back tariffs and avoid a trade war that cripples…

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We should see some trade diversion coming from China

Bank of England (BoE) policymaker Megan Greene said on Friday that they are not sure if the weakness in the UK economy is caused by demand or supply, per Reuters. Key takeaways “More worried about supply, really weak productivity growth.” “There are concerns about impact of the government’s budget changes.” “We have no idea what US tariffs will look…

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Early Bullish Reversal in Nasdaq Futures: Order Flow Predicts Potential Upside Momentum

⚡️Nasdaq Futures: Buyers Step In After Stop-Hunt Below VWAP Price Action Update – April 25, 2025 Order Flow Prediction Score: +5 (Bullish Bias, Moderate Confidence) After a sharp drop below VWAP (~19339), Nasdaq Futures are showing early signs of a bullish reversal. The move appears to be a stop-hunt, shaking out weak longs before a buyer resurgence. Real-time order…

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XAG/USD plummets to near $33.00 on US-China trade talks

Silver price falls sharply to near $33.00 on hopes of de-escalation in Sino-US trade war. China considers pausing tariffs on some US imports. Beijing denies any economic and trade talks with the US. Silver price (XAG/USD) plunges more than 1.5% to near $33.00 during North American trading hours on Friday. The white metal falls sharply from its three-week high…

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Goldman Sachs: The dollar has further to fall

Goldman Sachs’ chief economist Jan Hatzius argues that despite the dollar’s recent 5% decline, it remains significantly overvalued and poised for further depreciation. Structural portfolio imbalances and elevated valuation levels point to a multi-year adjustment. Key Points: Overvaluation Still Extreme: The dollar remains nearly two standard deviations above its long-term real average since 1973. Comparable historical peaks in the…

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Mexican Peso climbs on strong data, risk-on mood weighing on US Dollar

Mexican Peso set for 0.89% weekly gain as economic resilience surprises markets. Trump’s mixed tariff comments stir volatility, but risk appetite lifts emerging market currencies. Traders brace for Mexico’s Q1 GDP release next week to gauge recession risks. The Mexican Peso extended its gains against the US Dollar for the second consecutive day, poised to finish the week with…

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Baker Hughes oil rig count up 2 to 483

Oil rigs +2 to 483 Nat. Gas +1 to 99 Total rigs +2 to 587. Crude oil is trading up $0.21 or 0.32% at $63.00 on the day. For the trading week, the price is down $0.70 or -1.11%. The high price this week reached $64.83. The low price was at $61.55. Last week the price closed near $63.68….

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