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Global FX insights – daily market analysis

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Friday, April 25, 2025

Today’s report: Trump’s China trade thaw faces skepticism

President Trump’s softer approach toward China, aiming for a June summit, has been met with skepticism as China denies trade talks, labeling them “fake news” and demanding the U.S. eliminate all tariffs, though it’s considering suspending 125% tariffs on select U.S. imports like medical equipment in response to Trump’s tariff exemptions on electronics. read report

Wake-up call


Thursday, April 24, 2025

Next 24 hours: Trump tempers tariff cut expectations

Today’s report: Trump softens stance on China

The Trump administration is softening its stance on China, with President Trump indicating tariffs will decrease significantly but not to zero, and Treasury Secretary Bessent hinting at a potential major deal, while the Wall Street Journal has reported proposed tariffs of 50-65%, a significant reduction from China’s current 145%. read report

Wake-up call


Wednesday, April 23, 2025

Next 24 hours: Dollar rises, trade tensions ease

Today’s report: Trade optimism lifts stocks, Buck still struggling

The U.S. market rebound, sparked by reported progress in trade talks with India and a softened U.S. stance toward China, including Trump’s dismissal of tariff hikes and threats to oust Federal Reserve Chair Powell, signals a welcome shift to a de-escalation phase in Trump’s trade strategy, with Treasury Secretary Bessent promoting pro-market policies. read report

Wake-up call


Tuesday, April 22, 2025

Next 24 hours: Dollar bounces back after Euro and Yen hit key levels

Today’s report: Trump Slams Fed, Buck hits 3-Year low

Risk assets have come under added pressure following President Trump’s Truth Social post demanding “preemptive” Federal Reserve rate cuts, accusing the Fed Chair of lagging and politicizing monetary policy. This has translated to three-year lows for the US Dollar against outperforming peers. read report

Wake-up call


Monday, April 21, 2025

Today’s report: Markets consumed with ‘Sell America’ theme

The Trump administration’s efforts to undermine the independence of agencies like the SEC, the Consumer Financial Protection Bureau, and potentially the Federal Reserve, alongside escalating U.S.-China trade tensions and tariff uncertainties, are fueling a “Sell America” sentiment and contributing to the U.S. dollar’s decline. read report

Wake-up call


Friday, April 18, 2025

Today’s report: Easter slowdown hits markets

Trading conditions have thinned out into the end of the week with many market participants off the desks for the Easter weekend. As we come into Friday, things look relatively stable in the aftermath of the ECB decision to cut rates by another 25 basis points, bringing rates to a 2-year low. read report

Wake-up call


Monday, April 14, 2025

Next 24 hours: Dollar dips on structural concerns

Today’s report: De-escalation sparks rally, Dollar falters

Risk appetite has recovered for now, though the 90-day pause on reciprocal tariffs is still viewed as a tactical move to alleviate intense market stress rather than signaling a shift from the U.S. administration’s “America First” stance. read report

Wake-up call


Friday, April 11, 2025

Today’s report: Euro becoming currency of choice

The US-China trade war has intensified with tariffs on China now at 145%. President Trump has threatened to impose reciprocal tariffs on up to 70 countries within three months if trade deals aren’t reached, creating significant policy uncertainty that markets dread, especially given the complexity and time typically required for such negotiations. read report

Wake-up call


Thursday, April 10, 2025

Next 24 hours: Uncertainty remains despite tariff pause

Today’s report: Trump’s tariff timeout boosts markets

The financial strain on global markets was getting to be a little too much following the 100%+ US levy on China and China’s retaliatory 34% and 50% tariffs on US goods. And so finally, on Wednesday, President Trump cooled things down after announcing a 90-day pause on reciprocal tariffs. read report

Wake-up call


Wednesday, April 9, 2025

Next 24 hours: Flight to safety changing destinations

Today’s report: Tariffs, turmoil, and trades

US equities, Treasuries, and the US dollar have all come under added pressure as worry around the outlook for the US economy and status of the US as a safe haven is called into question amidst all the turmoil around tariffs and trade wars. read report

Wake-up call


Tuesday, April 8, 2025

Next 24 hours: Markets steady, but growth fears and tariff tensions loom large

Today’s report: Volatility grips global currencies

President Trump’s rumored 90-day tariff pause on all but China was quickly denied, leading US stock indices to slide before closing higher, halting a three-day drop, though uncertainty lingers as over 50 countries await trade talks. President Trump remains defiant, pushing for a trade reset with threats of 104% tariffs on China by Thursday. read report

Wake-up call


Monday, April 7, 2025

Today’s report: US equities back to massive previous resistance

President Trump’s rumored 90-day tariff pause on all but China was quickly denied, leading US stock indices to slide before closing higher, halting a three-day drop, though uncertainty lingers as over 50 countries await trade talks. President Trump remains defiant, pushing for a trade reset with threats of 104% tariffs on China by Thursday. read report

Wake-up call

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