Markets Steady as US Yields Dip Amid Continuous Tariff Rumors
| Action Insight Mid-Day Report 4-25-25 |
Markets Steady as US Yields Dip Amid Continuous Tariff Rumors |
Global financial markets are relatively stable heading into the end of the week, with risk appetite showing further signs of improvement. European equities are trading modestly higher, following rebounds seen earlier in Japan and Hong Kong. However, US futures are slightly in the red despite strong earnings reports from tech heavyweights Alphabet and Intel. Still, one supportive development is the continued pullback in US Treasury yields, with the 10-year dipping below 4.3% mark—viewed as a positive sign for US assets. Meanwhile, the trade war front is seeing renewed speculation, especially regarding US-China tariff relations. According to multiple media reports, China has quietly granted tariff exemptions on some US goods—including integrated circuits—previously subject to its 125% retaliatory duties. While no formal statement has been issued by Chinese authorities, there are reports of internal government consultations with foreign businesses. A list of 131 product categories is circulating on social media is believed to outline those under consideration for exemption. These steps signal a possible softening of Beijing's stance and a willingness to preserve critical supply chains. Meanwhile, US President Donald Trump told Time magazine that China is actively engaging in talks with Washington to strike a tariff deal, and claimed that President Xi Jinping had recently called him. However, China’s Foreign Ministry declined to comment on Trump’s statement and previously warned the US to stop “misleading the public” about the status of bilateral negotiations. The conflicting narratives underscore the fog of uncertainty surrounding trade diplomacy, though market participants appear cautiously hopeful that both sides are seeking a path to de-escalation.... |
USD/CHF Mid-Day Outlook Daily Pivots: (S1) 0.8237; (P) 0.8273; (R1) 0.8306; More…. USD/CHF's corrective recovery from 0.8038 is still in progress and intraday bias stays on the upside. Further rise would be seen but upside should be limited by 38.2% retracement of 0.9200 to 0.8038 at 0.8482. On the downside, below 0.8196 minor support will bring retest of 0.8038. Firm break there will resume larger down trend. | |
| GMT | Ccy | Events | Actual | Forecast | Previous | Revised |
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| 23:01 | GBP | GfK Consumer Confidence Apr | -23 | -22 | -19 | | 23:30 | JPY | Tokyo CPI Y/Y Apr | 3.50% | 2.90% | | 23:30 | JPY | Tokyo CPI Core Y/Y Apr | 3.40% | 3.20% | 2.40% | | 23:30 | JPY | Tokyo CPI Core-Core Y/Y Apr | 3.10% | 2.20% | | 06:00 | GBP | Retail Sales M/M Mar | 0.40% | -0.30% | 1.00% | 0.70% | | 12:30 | CAD | Retail Sales M/M Feb | -0.40% | -0.40% | -0.60% | | 12:30 | CAD | Retail Sales ex Autos M/M Feb | 0.50% | 0.00% | 0.20% | | 14:00 | USD | UoM Consumer Sentiment Index Apr | 50.7 | 50.8 | | 14:00 | USD | UoM Consumer Inflation Expectations Apr | 6.70% |
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