Streetbeat News

Forex Markets

FXA

The AUD/USD currency pair remains flat around 0.6275 amid anticipation of Trump's potential reciprocal tariffs and ahead of US March ADP Employment Change data. The Reserve Bank of Australia (RBA) kept its Official Cash Rate unchanged at 4.10%, with Governor Michele Bullock emphasizing caution about inflation moderation. Encouraging Chinese economic data, including an improved Caixin Manufacturing PMI, provides some support to the Australian Dollar.

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April 02, 2025 | 1:45 am

UUP

The People's Bank of China (PBOC) set the USD/CNY central reference rate at 7.1793, a marginal increase from the previous day's rate of 7.1775. This minor adjustment suggests a relatively stable approach to currency valuation.

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April 02, 2025 | 1:45 am

BTCUSD

The article discusses how potential U.S. tariffs might paradoxically benefit Bitcoin by creating economic uncertainty and potentially weakening the dollar's global dominance. Experts like Zach Pandl from Grayscale suggest that tariffs could increase appetite for non-dollar currencies, positioning Bitcoin as a potential 'digital gold' alternative.

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April 02, 2025 | 1:45 am

COIN

Crypto markets are experiencing an interesting dynamic with Bitcoin perpetual futures volumes increasing on Binance and OKX. While top perpetual futures pairs show a 2-2.5% price increase, open interest (OI) trends are mixed. Binance's BTC/USDT perpetual pair notably demonstrates rising volume and OI, suggesting potential new market entries, while other pairs show declining OI despite volume surges.

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April 02, 2025 | 1:45 am

BTCUSD

The cryptocurrency market is experiencing potential high volatility as Bitcoin approaches $90,000, with $9.41 billion in short positions at risk of liquidation. Market analysts suggest that if Bitcoin reaches this price level, it could trigger a significant short squeeze, forcing traders to buy back BTC at a loss and potentially driving prices even higher.

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April 02, 2025 | 12:45 am

FXE

The EUR/USD currency pair is trading near the 1.0800 level as traders await President Trump's potential tariff announcement scheduled for Wednesday. The market is in a state of anticipation, with uncertainty surrounding the exact details of the proposed tariffs, which have been previously delayed multiple times.

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April 02, 2025 | 12:30 am

FXC

The USD/CAD currency pair is experiencing a decline below the 1.4300 level, with market participants anticipating potential tariff-related announcements from former President Trump that could impact currency markets.

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April 01, 2025 | 11:30 pm

FXB

The GBP/USD currency pair remains stable around 1.2900 as markets anticipate President Trump's tariff announcement scheduled for Wednesday evening at 1900 GMT. Investors are on edge, waiting to see the details of the 'reciprocal' tariff package Trump has been discussing since his inauguration.

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April 01, 2025 | 11:30 pm

FXY

The GBP/JPY currency pair is experiencing a modest rebound in the Asian trading session, currently trading at 193.64. Despite Tuesday's 0.22% loss driven by risk aversion related to US trade policies, the pair is showing potential for a 200-day Simple Moving Average (SMA) breakout.

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April 01, 2025 | 11:15 pm

AAUU

The U.S. dollar's dominance as the global reserve currency is gradually eroding, with its share dropping to 57.8% in 2024, the lowest since 1994. Central banks are diversifying their holdings into non-euro currencies and gold, driven by geopolitical and economic considerations. Russia and China have been significant contributors to gold reserve accumulation, adding 3,626 tonnes since 2005.

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April 01, 2025 | 8:45 pm