Trading news

Japan Industrial Production (YoY): 2.3% (March) vs 0.4%

Japan Retail Trade s.a (MoM) rose from previous -2% to 1.3% in March

Japan Industrial Production (MoM) below forecasts (1.1%) in March: Actual (-0.5%)

Japan Retail Trade (YoY) came in at 1.7%, above forecasts (0.8%) in March

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $104.90 during the early Asian trading hours on Thursday.

Wednesday set the trap: GBP/USD spent the early part of the week trying to defend the 1.355 area, then folded.

US President Donald Trump said that the United States (US) will continue its naval blockade of Iran until he secures a deal with Tehran to address the country’s nuclear program, Bloomberg reported on Wednesday. 

The EUR/USD pair loses ground to near 1.1680 during the early European session on Thursday. The US Dollar (USD) strengthens against the Euro (EUR) after the US Federal Reserve (Fed) left interest rates unchanged.

South Korea Service Sector Output increased to 1.4% in March from previous 0.5%

South Korea Industrial Output Growth registered at 0.3% above expectations (0.2%) in March

South Korea Industrial Output (YoY) below forecasts (3.8%) in March: Actual (3.6%)

Wednesday's session had every excuse to rally. The Federal Reserve (Fed) decision was telegraphed. Big Tech earnings were teed up. The Dow Jones Industrial Average (DJIA) had reclaimed 49,000 just two days earlier.

Brazil Interest Rate Decision meets expectations (14.5%)

The US Dollar Index (DXY) is trading near the 99.00 price zone on Wednesday after the Federal Reserve (Fed) decided to keep interest rates on hold. This was Chairman Jerome Powell's last meeting as head of the Fed.

The Federal Reserve (Fed) left its policy rate unchanged at 3.50% to 3.75%, a widely expected move, but the underlying message was far from straightforward.

The AUD/USD drops towards 0.7100, down some 1%, as the Federal Reserve holds rates unchanged and Fed Chair Jerome Powell hints that, once his term as chief ends, he will remain on the Fed’s board.

GBP/USD maintains its negative intraday trend, remaining steady following the Federal Reserve’s decision to keep interest rates unchanged at Jerome Powell’s final meeting as Fed Chair.

United States (US) President Donald Trump is hitting the wires amid the Federal Reserve (Fed) monetary policy announcement. President Trump spoke with his Russian counterpart, Vladimir Putin, about the ongoing situation between Russia and Ukraine and that of the United States with Iran.

Silver (XAG/USD) remains under pressure on Wednesday as markets digest the latest interest rate decision from the Federal Reserve (Fed), with a stronger US Dollar and rising US Treasury yields weighing on the non-yielding metal.

DJIA futures dropped 0.8% on Wednesday, falling from a session high near 49,250 to trade about 48,770 after touching a session low around 48,740.