- Federal Reserve speakers Tuesday include Jefferson, Harker, Kashkari, Barkin, and Kugler
- Bank of England Deputy Governor Sarah Breeden speaks on Tuesdau - monetary policy
- Wall Street Journal says Trump Is Laying the Groundwork to Blame Powell for Any Downturn
- China's automobile exports +16% y/y in Q1 2025
- ECB policymakers Klaas Knot and Luis de Guindos speak Tuesday
- Key Congress leader says every Treasury sale of debt is a 'hold your breath' moment
- PBOC sets USD/ CNY reference rate for today at 7.2074 (vs. estimate at 7.2925)
- The U.S. Securities and Exchange Commission (SEC) has a new 'crypto friendly boss
- Tesla offers five-year zero interest financing on refreshed Model Y in China
- South Korea will implement smaller tax cuts on oil products from May
- Shanghai’s gold ATM draws crowds as prices soar
- Why you are hearing a lot, and will hear more, about bonded warehouses -Trump tariff whims
- ICYMI - China pulls back from U.S. private equity
- Japan economy min Akazawa confirms agriculture will not be compromised in US tariff talks
- Japan's Finance Minister to meet with US Treas Sec Bessent to discuss FX matters
- Moody's Zandi says Trump's policies set to severely diminish the economy for years
- New Zealand data: March trade balance NZD 970mn surplus (prior +392mn NZD)
- Morgan Stanley says Trump's erratic tariff policy has brought on COVID-level uncertainty
- Gold price up again, hits a record now above USD3430
- ICYMI - Ford suspends exports of several vehicles to China amid tariffs
- JP Morgan on the Trump risk to Federal Reserve independence
- South Korea March 2025 PPI +1.3% y/y (prior +1.5%)
- Big Tesla Tuesday coming up - Q1 2025 results due Tuesday, April 22
- ICYMI - BlackRock has purchased another US$84mn of Bitcoin for its spot Bitcoin ETF
- Major US indices close sharply lower
- ICYMI: Citigroup shifts Fed rate cut call to June, maintains 125 bps easing 2025 forecast
- Trade ideas thread - Tuesday, 22 April, insightful charts, technical analysis, ideas
- Pope Francis: A man who loved God, his neighbor and even his enemies
- Forexlive Americas FX news wrap: US dollar struggles to get off the floor
Gold rose to another record high price in early trade here in Asia and then kept adding higher throughout the morning. As I update its above US$3452 USD3472 (I can't keep up!). The catalysts are familiar:
- central banks buying as the reliability of the US and USD increasingly comes into question
- ETFs buyers
- geopolitical tension increasing
- and mix in shorts chasing their tails after trying to nail a top
News and data flow was light.
US equity index futures traded higher. The initial upmove came ahead of an announcement from Tesla that its offering five-year zero interest financing on its refreshed Model Y in China. TSLA earnings are due Tuesday afternoon, US time. There is a preview linked in the points above.
USD/JPY is net little changed on the session after a run higher to above 141.10 and a retrace back under 140.65. EUR/USD did a round-trip also, under 1.1485 before popping back to above 1.1510.
USD/CHF and GBP/USD are higher.
AUD, NZD, CAD are all not a lot changed.
