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AUD/USD: Buyers retake 0.6350 after Chinese GDP data
AUD/USD picks up fresh bids and retakes 0.6350 in Asian trading on Wednesday. The pair finds fresh demand after Chinese Q1 GDP beat estimaes with 5.4% YoY while Retail Sales and Industrial Production data also exceeded expectations. However, the further upside could be capped by US-China trade woes ahead of Powell.
Gold price hits an all-time high near $3,275
Gold price extends the rally and reached a record high near $3,275 per troy ounce during the early Asian session on Wednesday. Safe-haven demand amid US President Donald Trump's uncertain tariff plans, softer US Dollar and prospects of further easing by the Federal Reserve provide some support to the yellow metal.
UPCOMING CALENDAR EVENTS
|
GMT
|
Event
|
Vol.
|
Actual
|
Consensus
|
Previous
|
|---|---|---|---|---|---|
| Wednesday, Apr 16 | |||||
| 02:00 |
|
4.2%
|
4.1%
|
4.1%
|
|
| 02:00 |
|
7.7%
|
5.6%
|
5.9%
|
|
| 02:00 |
|
5.9%
|
4.2%
|
4.0%
|
|
| 06:00 |
|
|
0.0%
|
0.6%
|
|
| 06:00 |
|
|
3.2%
|
3.4%
|
|
| 06:00 |
|
|
2.7%
|
2.8%
|
|
| 06:00 |
|
|
0.4%
|
0.4%
|
|
| 06:00 |
|
|
3.4%
|
3.5%
|
|
| 08:00 |
|
|
2.1%
|
2.1%
|
|
| 08:00 |
|
|
1.6%
|
1.6%
|
|
| 08:00 |
|
|
0.4%
|
0.4%
|
|
| 08:00 |
|
|
2%
|
2%
|
|
| 08:00 |
|
|
€37.3B
|
€35.4B
|
|
| 08:00 |
|
|
|
€13.2B
|
|
| 08:30 |
|
|
5.1%
|
4.9%
|
|
Editors’ Picks
USD/JPY languishes near multi-month low; seems vulnerable to slide further
USD/JPY drifts lower following the previous day's modest uptick and remains close to a multi-month low touched last week. Tariff-driven uncertainty continued to weigh on investors' sentiment. Adding to this hope for a US-Japan trade deal, the divergent BoJ-Fed policy expectations and a softer risk tone underpin the safe-haven JPY.
Binance and KuCoin traders panic as Amazon Web Service outage halts Crypto withdrawals
On Monday, a technical outage from Amazon Web Services temporarily halted operations at top cryptocurrency exchanges, including Binance and KuCoin. The outage disrupted withdrawals and trading services, sparking major concerns among cryptocurrency traders.
Axiom’s volume surpasses $100M as meme trading platform war escalates on Solana
Axiom meme coin trading volume hit $101 million for the first time, surpassing other platforms on Solana. Axiom accounts for 30% of the ecosystem’s trading users, followed by Photon and Bullx at 24% each.