Forex News: Dollar Edges Higher Ahead of Tariffs Announcement; Euro Slips and more

Forex News: Dollar Edges Higher Ahead of Tariffs Announcement; Euro Slips and more

Tuesday, April 1, 2025 / No Comments

 

U.S. Dollar Gains Amid Tariff Uncertainty

The U.S. dollar posted small gains Tuesday, drifting ahead of the likely imposition of reciprocal tariffs by U.S. President Donald Trump later this week, while the euro weakened ahead of key inflation data.

At 03:05 ET (08:05 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1% higher to 103.937.

JOLTS Data Due

The dollar has largely stalled in anticipation of President Trump’s unveiling of more trade tariffs potentially as early as this evening, but more likely on Wednesday - the day he has deemed "Liberation Day."

Trump has argued that the tariffs are necessary to correct imbalances between the U.S. and its foreign trade partners, as well as a tool to bring manufacturing jobs back to the country.

However, some economists have warned that the duties will refuel inflationary pressures and weigh on growth, leading to a period of so-called "stagflation."

Eurozone CPI in Spotlight

In Europe, EUR/USD traded 0.1% lower to 1.0801, ahead of the release of key economic data, including March consumer prices.

The eurozone CPI index is expected to fall to 2.2% in March on an annual basis, from 2.3% the prior month, but a surprise to the downside is possible given German inflation fell more than expected in March.

Safe-Haven Yen Gains

In Asia, USD/JPY traded 0.3% lower to 149.61, with the safe-haven Japanese yen helped by data showing a mild, unexpected improvement in Japan’s unemployment rate.

The yen rose nearly 5% against the dollar in the January-March period on growing bets that the Bank of Japan would hike interest rates again.

Commodity Currencies Mixed

USD/CNY edged 0.2% higher to 7.2681, even as private PMI data showed better-than-expected growth in the manufacturing sector, mirroring a government reading from Monday.

AUD/USD rose 0.1% to 0.6248, trimming early gains after the RBA kept interest rates steady at 4.1%.

COT Reports for NQ, GOLD, BTC,NG and Crude OIL (simplified) last update :03/31/2025

COT Reports for NQ, GOLD, BTC,NG and Crude OIL (simplified) last update :03/31/2025

Monday, March 31, 2025 / No Comments

 

Take your trading strategies to the next level with our free and intuitive Commitments of Traders (COT) reports, covering NASDAQ, Gold, Bitcoin (BTC), Natural Gas, and Crude Oil. Updated with data as of March 31, 2025, these reports offer valuable insights into non-commercial futures positions across key markets, helping you gauge market sentiment and make smarter trading decisions.

Stay ahead in NASDAQ, commodities, and cryptocurrency trading with our clear and insightful COT breakdowns. Download the COT Trading app (LINK) today and enable notifications to receive real-time updates. Have any questions or need specific data? Reach out to us anytime!

COT Reports for FOREX MAJOR (simplified )Last Update: 03/31/2025

COT Reports for FOREX MAJOR (simplified )Last Update: 03/31/2025

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Enhance your Forex trading strategies with our easy-to-understand analysis of the Commitments of Traders (COT) Reports. We break down non-commercial futures positions in major currency pairs to give you valuable insights into market sentiment and trader behavior.

Our most recent update, dated March 31, 2025, provides crucial information to help you make more informed trading decisions. Stay on top of the market with our clear and concise COT breakdowns.

Download the COT Trading app (LINK) today and enable notifications to receive real-time alerts. Have any questions or need specific data? Feel free to get in touch!

Crypto Daily Roundup: Key Events Shaping the Market Today

Crypto Daily Roundup: Key Events Shaping the Market Today

Thursday, March 27, 2025 / No Comments

Today’s top crypto developments highlight shifting regulatory landscapes, market volatility, and growing institutional demand. Here’s what you need to know:

Survey Reveals European Banks Lag in Crypto Adoption

A recent Bitpanda survey has revealed that fewer than 20% of European financial institutions currently offer cryptocurrency services, despite growing investor interest. The study, which surveyed 10,000 retail and institutional investors across 13 European countries, found that over 40% of business investors already hold digital assets, with another 18% planning to enter the market soon.

However, a significant disconnect exists between financial institutions and market demand. While 80% of surveyed banks acknowledged the rising importance of crypto, only 19% offer related services. This gap suggests that traditional banks may be underestimating the sector’s rapid growth.

U.S. Senate Votes to Overturn IRS DeFi Reporting Rule

In a major policy shift, the U.S. Senate has passed a resolution to repeal the IRS’s controversial DeFi broker rule. The measure, which aimed to impose stricter reporting requirements on decentralized finance platforms, will now be sent to President Donald Trump, who has indicated his support for scrapping the regulation.

The Senate voted 70-28 in favor of the repeal, arguing that the rule would have placed excessive burdens on DeFi platforms while potentially stifling innovation in the industry. Critics of the resolution, however, warn that rolling back the rule could create loopholes for tax evasion.

Hyperliquid Delists JELLY Token Perpetuals Amid Market Manipulation Concerns

Crypto exchange Hyperliquid has removed perpetual futures contracts linked to the JELLY token following evidence of suspicious trading activity. The move comes after a trader allegedly executed a $6 million short position before manipulating the token’s on-chain price, triggering a self-liquidation event.

Hyperliquid’s non-profit arm, the Hyper Foundation, has announced plans to reimburse affected traders, excluding flagged accounts. Meanwhile, concerns about the platform’s decision-making process and level of decentralization have sparked debate in the crypto community.

Market Outlook: Bitcoin Holds Steady, Institutions Eye Expansion

Despite regulatory uncertainties, institutional interest in crypto remains strong. Bitcoin’s price has stabilized amid market fluctuations, and analysts predict further growth as institutional players expand their presence.

As crypto adoption accelerates globally, the gap between investor demand and financial institutions’ offerings continues to widen. Whether regulators and traditional banks will adapt to this evolving landscape remains to be seen.

Forex News:Dollar Declines ,Euro Stabilizes Amid U.S. Auto Tariff Concerns and more

Forex News:Dollar Declines ,Euro Stabilizes Amid U.S. Auto Tariff Concerns and more

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Dollar Slips as Euro Stabilizes Following U.S. Auto Tariff Announcement

The U.S. dollar edged lower on Thursday, while the euro found stability near a three-week low after the Trump administration announced a 25% tariff on imported cars. The move has raised concerns about a potential trade war, though market reaction remained subdued.

As of 05:05 ET (09:05 GMT), the U.S. Dollar Index dipped slightly to 104.077, retreating from a three-week high recorded in the previous session.

Muted Market Reaction to Tariffs

Despite the hefty import duties, the currency market’s response has been relatively restrained. The U.S. imported $474 billion in automotive products in 2024, including $220 billion in passenger cars, indicating that the economic impact could be significant.

Analysts at ING suggested that “tariff fatigue” may be a factor, with traders already pricing in the potential economic consequences. Additionally, speculation that next week’s reciprocal tariffs could be more lenient has kept market movements in check.

“Investors appear to be shifting their focus from the announcement itself to its longer-term effects on business sentiment and consumer confidence,” ING noted. “The real test will be in upcoming economic data, particularly business investment and consumption figures in the second quarter.”

With worries growing that the tariffs may slow U.S. economic growth and stoke inflation, traders are now awaiting the fourth-quarter GDP report and weekly jobless claims data, which could provide further insights into the economy’s trajectory.

Euro Rebounds, Pound Gains Strength

The euro recovered slightly, with EUR/USD rising 0.2% to 1.0774, bouncing off its earlier three-week low. Despite the U.S. being a key export market for European carmakers who shipped approximately 800,000 vehicles to the U.S. last year the single currency held firm.

“The key question now is how Europe will respond,” ING added. “A strong retaliatory move could escalate tensions and weigh on the euro in the coming weeks.”

Meanwhile, the British pound strengthened, with GBP/USD climbing 0.3% to 1.2925. The recovery follows a budget update from U.K. Finance Minister Rachel Reeves, who revised spending plans to reassure investors. Additionally, U.K. inflation data showed a decline from 3.0% in January to 2.8% in February, easing pressure on the currency.

Asian Markets Remain Cautious

In Asia, the Japanese yen saw little movement, with USD/JPY trading at 150.57, while USD/CNY slipped 0.1% to 7.2639. Investors remained cautious ahead of the April 2 deadline, when further U.S. tariff announcements are expected.

As global markets assess the economic fallout of the new trade measures, all eyes remain on upcoming U.S. economic data and potential retaliatory steps from Europe and Asia.

Top Stock Movers Now: Oklo ,UniFirst, KB Home, and More

Top Stock Movers Now: Oklo ,UniFirst, KB Home, and More

Tuesday, March 25, 2025 / No Comments

 

U.S. equities mostly gained at midday due to optimism that the Trump administration’s tariffs won't be as severe as expected and strong growth in housing prices. The S&P 500 and Nasdaq were slightly higher, while the Dow Jones Industrial Average ticked lower.

Top Stock Movers:

• CrowdStrike Holdings (CRWD): Shares jumped after an upgrade from BTIG, which stated that last year’s global internet outage caused by the firm is no longer a concern for customers and partners.
• Wynn Resorts (WYNN): Shares rose as billionaire Tilman Fertitta increased his stake in the company.
• International Paper (IP): Shares climbed after the company presented a long-term growth strategy at its investor day.
• KB Home (KBH): Shares fell after missing profit and sales estimates. The company also lowered its outlook due to high prices and economic/geopolitical concerns affecting consumer demand.
• UniFirst (UNF): Shares dropped after Cintas (CTAS) ended negotiations to acquire the company.
• Oklo (OKLO): Shares declined after reporting a widened loss and warning of increasing future expenses.

Bitcoin Whales Make Waves: $200M Buy-In and 8-Year Dormant Wallet Awakens!

Bitcoin Whales Make Waves: $200M Buy-In and 8-Year Dormant Wallet Awakens!

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A major Bitcoin whale has made waves in the crypto market by purchasing $200 million worth of BTC, coinciding with a price rebound. Meanwhile, another long-dormant wallet has resurfaced after eight years, moving over 3,000 BTC.

Whale Acquires $200M in Bitcoin

Blockchain analytics firm Arkham Intelligence reported that a large Bitcoin investor withdrew 2,400 BTC valued at over $200 million from Binance on March 24. Despite selling over 11,400 BTC in previous months, the whale now holds more than 15,000 BTC, with an estimated worth of $1.3 billion.

The accumulation began just five days ago, following sales in February when Bitcoin fluctuated between $86,000 and $100,000. Market data from CoinGecko shows that BTC hit a low of $78,940 in late February before rebounding to trade between $81,000 and $88,000 over the past week.

Dormant Wallet Awakens

Adding to the whale activity, another Bitcoin address, inactive for over eight years, recently moved 3,000 BTC in a single transaction, valued at approximately $250 million. According to Arkham Intelligence, the wallet’s holdings, originally worth $3 million in 2017, have skyrocketed in value.

Institutional Accumulation on the Rise

BlackRock, the world’s largest asset manager, has also been steadily increasing its Bitcoin holdings. Data from Bitbo’s Bitcoin treasury tracker shows that BlackRock added 4,054 BTC across 15 transactions, bringing its total Bitcoin reserves to 573,878 BTC worth over $50 billion.

Additionally, BlackRock’s iShares Bitcoin Trust (IBIT) led a surge in spot Bitcoin ETFs in the U.S., marking a net inflow of $744.4 million after a five-week streak of outflows. The fund’s strong performance was primarily driven by BlackRock ($537.5 million) and Fidelity’s Wise Origin Bitcoin Fund ($136.5 million).

Ethereum Whales Also Active

While Bitcoin investors dominate headlines, Ether (ETH) whales are also accumulating. Blockchain tracking service Lookonchain identified a whale purchasing 7,074 ETH worth $13.8 million on March 21. Ether’s price has been trading between $1,876 and $2,097, still down 57% from its all-time high of $4,878 in 2021.

Despite its price lag, Ether’s open interest reached a record high on March 21, and the number of addresses holding at least $100,000 worth of ETH has grown from 70,000 on March 10 to over 75,000 by March 22.

With major investors making moves, the crypto market continues to witness increased institutional interest and whale activity, signaling confidence in Bitcoin’s long-term trajectory.