Markets Catch Breath After Tariff Chaos; Focus Turns to BoC, ECB and Economic Data
| Action Insight Daily Report 4-14-25 |
Markets Catch Breath After Tariff Chaos; Focus Turns to BoC, ECB and Economic Data |
Financial markets opened the week on a relatively steady footing in Asia, offering investors a brief respite after last week's extreme volatility driven by US tariff chaos. Major stock indexes are trading higher, though gains appear more a product of technical consolidation than renewed optimism. In currency markets, most major pairs and crosses are contained within Friday’s range. The exception is some Kiwi pairs, which have moved with a bit more momentum. For now, it appears that volatility has pulled back from the extremes seen over the past two weeks, giving investors a brief window of breathing space. Nevertheless, confusion around U.S. tariff policy continues to muddy the waters. Reports emerged over the weekend that key Chinese exports such as smartphones and computers would not be subject to the full 145% tariff hike. Instead, they would face a 20% rate. However, U.S. President Donald Trump quickly reignited uncertainty by stating he would announce a separate tariff on semiconductors next week, alongside a new national security probe targeting the chip sector. This piecemeal, ad hoc rollout is making it difficult for markets to price in risk or clarity.... |
USD/JPY Daily Outlook Daily Pivots: (S1) 143.01; (P) 145.44; (R1) 146.86; More... Intraday bias in USD/JPY remains on the downside for the moment. Current fall from 158.86 is in progress to 139.57 support. On the upside, above 144.18 minor resistance will turn intraday bias neutral first. But outlook will stay bearish as long as 151.20 resistance holds, in case of recovery. | |
| GMT | Ccy | Events | Actual | Forecast | Previous | Revised |
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| 22:30 | NZD | Business NZ PSI Mar | 49.1 | 49.1 | 49 | | 03:00 | CNY | Trade Balance (USD) Mar | 102.6B | 74.3B | 170.5B | | 04:30 | JPY | Industrial Production M/M Feb F | 2.30% | 2.50% | 2.50% | | 06:30 | CHF | Producer and Import Prices M/M Mar | 0.20% | 0.30% | | 06:30 | CHF | Producer and Import Prices Y/Y Mar | -0.10% | | 12:30 | CAD | Wholesale Sales M/M Feb | 0.40% | 1.20% |
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