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Partner Center With European traders still out for the holiday and no major data on deck, markets zeroed in on global trade tensions and chatter that Trump might oust Fed Chair Powell. How did the major assets react to these concerns? Here are the updates from the latest trading sessions! Headlines:

The dollar didn’t just slip in a sleepy, illiquid Asian session — it detonated. With half the globe still on Easter break and liquidity thinner than rice paper, all it took was one spark — and the entire FX board caught fire. That spark? NEC Director Kevin Hassett throwing Powell back under the bus,

The ECB just announced that it cut its policy interest rates by 25bp, bringing the deposit rate to 2.25%. We think that more rate cuts will follow What started last year in June as the European Central Bank's very measured attempt to gradually reduce the level of monetary policy restrictiveness has

The Australian Dollar holds steady despite the release of a softer Westpac Leading Index on Wednesday.China's GDP grew by 5.4% YoY in Q1, surpassing the expected 5.1% and maintaining a steady pace of expansion.The US Dollar remains muted ahead of the release of March Retail Sales data later in the d

China’s economy expanded at an annual rate of 5.4% in the first quarter (Q1) of 2025, at the same pace seen in the final quarter of last year, the official data published by the National Bureau of Statistics (NBS) showed on Wednesday. Data beat the market forecast of 5.1% in the reported period. On

AUD/USD AUDUSD extends steep upleg into fifth straight day and hit two-week high on Tuesday, as weakening US dollar and higher commodity prices continue to underpin Aussie dollar. Improving technical pictures on daily and weekly charts contribute to bullish outlook (daily MA’s mainly turned to bulli

United States (US) Treasury Secretary Scott Bessent noted on Monday that the US isn't even close to any emergency scenarios that nobody was even worried about to begin with, and reiterated that the US will be pursuing "fair" trade negotiations with countries looking to secure exemptions from tariffs

'Transition problems' with US Tariffs continue. The US Dollar (USD) is getting trashed. A hugely volatile week for financial markets is ending with another significant fall in the USD, softer US Treasurys and still fragile risk appetite amid China’s tit-for-tat response to the hike in US tariffs, Sc

A major selloff was witnessed yesterday in the US Stocks, Bonds, which in turn weakened Dollar. The Dollar Index slipped to the low of 99.70 yesterday. Currently it has recovered a bit but still looks vulnerable to fall to 98. The Index will have to sustain above 100 and rise higher to negate the fa

Going forward we will be seasonally adjusting data (see note the in right margin), since we now have sufficient observations post-Covid to do so. This also allows us to adjust for trading days and timing of holidays such as Easter. Note that we have rearranged the charts, so the seasonally adjusted

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Here is what you need to know on Wednesday, April 9: The US Dollar (USD) continues to weaken against its rivals on Wednesday, pressured by growing fears over a further escalation in the global trade conflict. Later in the American session, the Federal Reserve (Fed) will publish the minutes of its Ma

Hopes of seeing Donald Trump roll back tariffs before they go live were dashed this morning—along with sentiment across global financial markets. The Nikkei is down more than 2%, a Bloomberg index tracking Asian currencies fell to a record low, and European and US futures hint at another very, very