GBP/USD's correction seems to have met a decent contention around the 1.2750 zone so far on Wednesday, as investors continue to assess the ongoing US-China trade war. US doubles the bet, announced 125% levies on Chinese imports.
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EUR/USD dips below 1.1000 as Trump authorizes 90-day pause on tariffs
EUR/USD retreated below the 1.1000 mark on headlines indicating that United States President Donald Trump authorized a 90-day pause on non-retaliating countries. The pause applies to reciprocal and 10% tariffs, effective immediately, according to a Truth Social post. FOMC Minutes indicated increasing uncertainty.
UPCOMING CALENDAR EVENTS
|
GMT
|
Event
|
Vol.
|
Actual
|
Consensus
|
Previous
|
|---|---|---|---|---|---|
| Wednesday, Apr 09 | |||||
| 15:45 |
|
|
|
|
|
| 17:00 |
|
4.435%
|
|
4.310%
|
|
| 18:00 |
USD
FOMC Minutes
|
|
|
|
|
| 23:01 |
|
|
8%
|
11%
|
|
| 23:50 |
|
|
3.1%
|
3.1%
|
|
| 23:50 |
|
|
0.2%
|
0.0%
|
|
| 23:50 |
|
|
3.9%
|
4.0%
|
|
| 23:50 |
|
|
|
¥-450.4B
|
|
| 23:50 |
|
|
|
¥-5.9B
|
|
| Thursday, Apr 10 | |||||
| 01:30 |
|
|
-0.2%
|
-0.2%
|
|
| 01:30 |
|
|
0.1%
|
-0.7%
|
|
| 01:30 |
|
|
-2.3%
|
-2.2%
|
|
| 08:00 |
|
|
-1.0%
|
3.2%
|
|
| 08:00 |
|
|
-1.9%
|
-0.6%
|
|
| 08:40 |
|
|
|
3.382%
|
|
Editors’ Picks
Gold recedes to $3,050 on Trump's headlines
Gold prices now give away part of their advance and revisit the $3,050 zone per troy ounce after President Trump announced a 90-day pause on reciprocal and 10% tariffs. FOMC Minutes passed unnoticed as optimism returned.
Dow Jones Industrial Average rockets 6% higher on tariff suspension
The Dow Jones Industrial Average (DJIA) skyrocketed on Wednesday, surging over 6% on the day and returning to the 40,000 handle after the Trump administration announced yet another pivot on its own tariff policies.
TRON DAO powers $1.2B in USDT exchange inflows, igniting stablecoin activity and on-chain volume
TRON DAO facilitates $1.2 billion in USDT exchange inflows over the past seven days as on-chain volume hits $72 billion. An increase in USDT exchange inflows suggests that traders are either preparing to buy the dip or could be covering long positions.