Daily market summary – April 9, 2025

It was another day in the financial markets, but this time has kicked the risk appetite strongly during the New York session thanks to the latest conspiracy transformations in the definition drama.

Investors seemed to have fallen into global trade developments, especially the shots that are launched between the United States and China, so that FOMC’s minutes seem unprecedented.

Here is what you need to know.

Tables:

• Building permits in Australia in February 2025: -0.3 % m/m (-0.3 % m/m expectation; 6.3 % m/m previous)
• RBNZ reduced interest rates from 3.75 % to 3.50 % as expected I refer to a more look at commercial concerns
• The additional American definitions in China entered into force, making the cumulative tariff rate up to 104 %
• Consumer confidence in Japan in March 2025: 34.1 (34.3 forecasts; previous 35.0)
• Japanese machine orders for March 2025: 11.4 % on an annual basis (0.5 % y/y expectations; 3.5 % y/y)
• China has a 50 % additional definition on US goodsRising the total rate to 84 % by April 10
• According to what was reported, the Popular Bank of China contacted the main government banks to reduce purchases in dollars
• Boj UEDA ruler reiterated that it will continue to raise prices if the economy continues to improve with expectations
• Often comments from European Central Bank officials:
  • The official knot of the European Central Bank has warned that inflation is well on the right track, long -term trade war is a negative show shock
  • Rin, in charge of the European Central Bank, pointed to the negative risks that are achieved and support the issue to reduce April
  • The European Central Bank official, Villeroy, admitted the potential shocks of the trade war, but stressed that there is no stagnation on the horizon
  • European Central Bank official has warned Escriva that the worst scenarios are fulfilled, but the euro may appear as a more attractive alternative to the dollar
• The alliance treaty in Germany for a new government under the leadership of Counselor Mirz
• American wholesale stocks in February 2025: 0.3 % m/m (0.3 % m/m expectation; 0.8 % m/m previous)
• Trump has announced a temporary stop for a period of 90 days on a higher mutual tariff for most trade partners But raising the definitions of Chinese goods to 125 %, citing “disrespect” for global markets
• Changing US crude oil stocks EIA on April 4, 2025: 2.55M (6.17M)
• The United States sold $ 39 billion in 10 -year reference notes with a lower return than 4.435 % and the higher bids from the Mediterranean (2.67) in a sign of the improved American debt request
• Federal Reserve official Barkin warned that high tariff prices can start by June, and to watch the consumer sector closely
• The official Cashkari of the Federal Reserve said that the tape is higher to reduce customs tariff rates, even if the economy and the labor market are weak.
• Federal Reserve official, Daly, confirmed that the central bank has time to trade their next policy
• FOMC meetings have highlighted the increasing inflationary fears amid commercial uncertainty, and the expectations of real GDP growth are weaker than before

Work market prices:

The developments of the customs tariff were still at the top position on Wednesday, as the markets seemed concern before China entered China later in the day. The assets were transferred to risk such as crude oil, bitcoin, and stock futures contracts in the United States on side lands, while the eleventh commercial deal was not likely.

Soon after, it hit midnight (in New York) and the shoe decreased, which means that the total American definitions in China were officially 104 % (so far). It was not long before China launched a 50 % increase in definitions on American imports, raising the actual rate from 34 % to 84 % (so far).

Crude oil decreased in carbon dioxide to its lowest levels after the pillar after the ads while gold continued to advance, climbing again over the main barrier of $ 3,000 while returning risk flows. Surprisingly, Bitcoin managed to stick to a level of $ 78,000 before retracting $ 80,000 later in the day.

As it turned out, Trump withdrew the reverse card for UNO and decided to temporarily stop 90 days in the definitions of most of its commercial partners except China, which saw raising commercial fees to 125 % cumulative. As a result, the American stock markets have a strong recovery, as the S& P 500 index increased by more than 9 % to increase its daily performance since 2008, while the NASDAC has gained a massive profit by 11.5 %.

Gold managed to stick to its profits to close 3.24 %, while the cabinet returns returned previous gains, but are still closed in positive lands. FOMC meetings, which highlighted the risk of upscale inflation from customs tariffs and weaker growth expectations, under the radar.

Market behavior FX: US dollar against specialties:

The dollar is overpowered against the main currencies The graph by TradingView

Regardless of the commercial developments described above, the currency market had many other first -class incentives to work with it.

To start, RBNZ announced a policy decision to reduce prices by 0.50 % as expected, but it surprised the markets by tilting more due to uncertainty in trade. However, the dollar mostly on the back foot against the customs tariffs in China has remained on the impact and concern of the market surrounding mutual measures.

The dollar began to gradually move during the European session, before the appetite of the risks corresponded during Trump’s announcement of a 90 -day stoppage in definitions of most of its commercial partners. AUD/USD (+3.31 %) and NZD/USD (+2.13 %) record great gains while USD/CHF (+0.96 %) and USD/JPY (+0.75 %) increased while other safe declined.

Possible incentives coming to the economic evaluation:

• Rba Bullock Ruler’s speech at 10:00 am GMT
• Canada construction permits at 12:30 pm GMT
• Calls for the unemployed work at 12:30 pm GMT
• American consumer price index At 12:30 pm General Motors
• Federal Reserve Speech Logan at 1:30 pm GMT
• Mosser official speech SNB at 4:00 pm GMT
• The official Tschudin SnB Snb at 4:00 pm GMT
• Donnyry letter responsible for the European Central Bank at 4:00 pm GMT
• Golsbee official speech at the Federal Reserve at 4:00 pm GMT
• New Zealand Business Nz PMI for the month of March 2025 at 10:30 pm GMT

The markets are waiting for high numbers American CPI report Today, as inflation numbers can strongly affect politics.

However, this version of the first degree and a handful of speeches from central bank officials can have a limited impact on the price procedure if the customs tariff drama continues in the spotlight, so your eyes and ears are kept peeled on trading headlines as well.

As always, stay smart and do not forget to check our new brand Forex correlation calculator When taking any deals!