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The euro fell close to 1% on Wednesday but has recovered. In the European session, EUR/USD is trading at 1.1430, down 0.09% on the day. Euro, German PMIs contract in April Euro and German Services PMIs disappointed in April, as they were lower than expected and fell into contraction territory. This

NZD/USD drifts lower despite stronger NZD CPI print and snaps a six-day winning streak.A modest USD uptick fails to assist spot prices to make it through the 50% Fibo. level.The bullish technical setup supports prospects for the emergence of some dip-buying. The NZD/USD pair retreats from the vicini

The Indian Rupee gathers strength in Wednesday’s Asian session. The softer US Dollar and lower crude oil prices continue to underpin the INR. The US March Retail Sales report and speech by Fed Chair Powell will be the highlights later on Wednesday. The Indian Rupee (INR) trades in positive territory

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Billionaire investor Bill Ackman said that America was heading toward a self-inflicted "economic nuclear winter" as a result of U.S. President Donald Trump's tariff policy rollout. "By placing massive and disproportionate tariffs on our friends and our enemies alike and thereby launching a global ec

In an unprecedented move for the 21st century, the United States under President Donald Trump has rolled out sweeping tariffs and “reshoring” initiatives aimed at bolstering domestic industry. The administration has framed these measures as correcting unfair trade practices and reviving American man

Rates are falling sharply for the last few weeks and one of the reasons why US yields can stay down is because FED is concerned about the economic activity due to trade wars, os there is a chance that Powell will lower rates this year, to stabilize the economy as well as stock market which is also s

Oil prices rose yesterday as the US threatened secondary tariffs on Russian and Iranian oil. Energy – Secondary tariff threat Oil prices rose yesterday amid growing threats to oil supplies. ICE Brent settled almost 2.8% higher after with President Trump threatened secondary tariffs on Russia and Ira

In focus today In the US, both ISM March Manufacturing index and February JOLTs turnover report will be released in the afternoon. Consensus expects ISM to remain steady from the previous month, and while global manufacturing indicators have generally edged higher, regional US data has pointed towar