FX Weekly Recap: April 14 – 18, 2025
Markets swung hard last week as traders reacted to fresh trade tension, central bank moves, and mixed data surprises.
Markets swung hard last week as traders reacted to fresh trade tension, central bank moves, and mixed data surprises.
Bitcoin surged to a new all-time high above $112,000 on Wednesday, breaking out of weeks-long consolidation after U.S. President Donald Trump called the Federal Reserve’s interest rates “at least 3 points too high.” The move came amid a broader rally across crypto assets, with Ethereum’s ether jumping 5% to $2,746, its highest in nearly a…
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The GBP/USD forecast remains positive above 1.3500 after the Fed’s dovish tone. The BOE-Fed divergence points at stronger gains towards fresh yearly highs. Markets are in a lull before key macro releases like US GDP, Core PCE, and Durable Goods Orders. The British pound pared its losses sharply on Friday after Fed Chair Powell struck…
Hong Kong Exchanges and Clearing Limited (HKEX) said Friday it plans to establish its permanent headquarters at Exchange Square. The exchange said in its press release that the move highlights its “long-term commitment to the growth and future development of Hong Kong as a leading global financial centre.” HKEX has agreed to purchase the top…
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