admin

Treasury Secretary Bessent is reportedly to meet Italy’s economic minister on Tuesday at the G20 summit. Trump is expected to meet with Italy’s prime minister today.

Italy’s Economic minister says:

• Tax policy including domestic digital levies is matter to be negotiated with US at bilateral not EU level.

Italian Prime Minister Giorgia Meloni is scheduled to meet with President Trump today in Washington. Meloni seeks to balance national interests with EU solidarity, potentially advocating for increased purchases of American liquefied natural gas and military equipment to ease tensions. ​

An EU spokesman said yesterday that they expect tariffs to be enacted eventually as trade talks are not making progress.

Yesterday, President Trump met with Japanese officials, including Economic Revitalization Minister Ryosei Akazawa, to discuss tariffs and trade relations. While Japan aimed to focus on trade and investment, Trump expanded the agenda to include defense cost-sharing. Despite a temporary 90-day hold on new tariffs, existing tariffs of 10% to 25% on Japanese goods remain in place. Both sides have agreed to continue discussions later this month.

China remains the main problem and while no direct meetings between President Trump and Chinese officials have been reported recently, China’s President Xi Jinping is actively engaging with Southeast Asian nations to strengthen regional ties amid U.S. tariff policies. Trump enacted tariffs of up to 145% on China imports.

This article was written by Greg Michalowski at www.forexlive.com.

Tariff headlines remain at the top of investors’ agendas. But flash S&P Global PMIs could attract special attention. Auctions to reveal information about demand for Treasuries. Tokyo CPI data and Canada’s retail sales also on tap. Trump’s back and forth tariff game Since the beginning of the month, the spotlight has been locked on headlines […]

The post Week Ahead – Eyes on Flash PMIs as Tariff Uncertainty Persists appeared first on Action Forex.

As expected, the ECB cut policy rates by 25bp today, bringing the deposit rate to 2.25%. The guidance struck a dovish tone, noting downside risks to growth and downplaying topside risks to inflation. Markets reacted by sending EUR/USD and European yields lower. We continue to expect the ECB to deliver 25bp cuts at the upcoming […]

The post ECB Review – Dovish Bias in Troubled Waters appeared first on Action Forex.

The US treasury will auction off 2, 5 and 7 year notes next week, along with traditional bill auctions. Below is the schedule.

• April 21 (Monday)
  • $76 billion in 13-week bills
  • $68 billion in 26-week bills

• April 22 (Tuesday)
  • $69 billion in 2-year notes
  • $70 billion in 6-week bills

• April 23 (Wednesday)
  • $70 billion in 5-year notes
  • $30 billion in 2-year floating rate notes (settles April 30)

• April 24 (Thursday)
  • $44 billion in 7-year notes

All auction sizes are as expected.

This article was written by Greg Michalowski at www.forexlive.com.

Markets The ECB cut the main policy rate by 25 bps to 2.25% and indicated the current stance is no longer weighing down on the economy. The decision was unanimous with no one tabling a bigger cut but no one pushing for a skip either (something which Lagarde said some governors would have done so […]

The post Sunset Market Commentary appeared first on Action Forex.