Wonderful introduction:
Without the depth of the blue sky, there can be the elegance of white clouds; without the magnificence of the sea, there can be the elegance of the stream; without the fragrance of the wilderness, there can be the emerald green of the grass. There is no seat for bystanders in life, we can always find our own position, our own light source, and our own voice.
Hello everyone, today Avatrade Aihua Foreign Exchange will bring you "[Avatradescn Official Website]: The United States and California announced the prosecution of the Trump administration!, Powell refused to save the market." Hope it will be helpful to you! The original content is as follows:
The US dollar suffered a sell-off on Wednesday, both safe-haven and risk-sensitive currencies performed relatively strongly, and there are signs that the Trump administration's tariff policy is weakening investors' confidence in the US dollar.
Derek Halpenny, head of global market research at Mitsubishi UF Financial Group, said that news of Nvidia's restricted sales of H20 chips has also hit the dollar.
Brown Brothers Harriman (BBH) strategists WinThin and Elias Haddad said they expect the dollar to continue to weaken because they "still believe that the dollar has weakened recently because of weaker confidence in the United States, and policy uncertainty has had a negative impact on the U.S. economy."
The dollar fell sharply last week as markets worry about the impact of the new tariff measures on the economy, coupled with uncertainty about policy implementation, which caused investors to transfer funds overseas. The United States is conducting trade negotiations with many countries, including Japan.
Jefferies' global foreign exchange head Brad Bechtel said: "We are in an information vacuum now, and we are watching whether the United States and other countries will be reached. Several major countries may announce agreements that will provide some structure for the U.S. tariff policy, so that the outside world can better understand what Washington is doing."
Federal Chairman Powell said on Wednesday that U.S. economic growth appears to be slowing, consumer spending has only grown moderately, and avatradescn.companies' advance imports to avoid tariffs will affect GDP estimates, and market sentiment is deteriorating. Powell also hinted that the market may be disappointed if it expects the Fed to take action to stabilize market volatility.
Robert Pavlik, senior portfolio manager at DakotaWealth, said: "The Fed is waiting for the situation to develop before it decides whether interest rates are adjusted, whether inflation is a temporary phenomenon or a one-time reaction, and is also observing whether tariffs last and whether there will be some adjustments."
Asian market
China's economy performed strongly at the beginning of this year, with GDP growing by 5.4% year-on-year in the first quarter, exceeding market expectations of 5.1%. Quarterly, growth slowed to 1.2% from 1.6% in the fourth quarter.
The overall economic activity indicators in March are optimistic. Industrial production grew by 7.7% year-on-year, far higher than the forecast of 5.6%. Retail sales rose 5.9%, also higher than the 5.1% forecast.
Fixed asset investment has increased by 4.2% year-to-date, slightly higher than expected. However, the continued weakness in the real estate industry continues to put pressure on the recovery narrative. Real estate investment fell -9.9% in the first quarter, slightly lower than the -9.8% decline recorded in the first two months of this year. A key indicator of business confidence—private sector investment grew by just 0.4%.
European market
UK consumer inflation continued to ease in March, with overall CPI slowing to 2.6% year-on-year, slightly lower than expected 2.7% and also lower than 2.8% in February. Monthly, the price rose by 0.3%, which was also lower than the market's general expectations of 0.4%.
The decline is broad-based, with annual avatradescn.commodity inflation falling from 0.8% year-on-year to 0.6%, and service industry inflation falling from 5.0% year-on-year to 4.7%.
Core CPI (excluding energyhttps://avatradescn.com, food, alcohol and tobacco) fell slightly from the previous 3.5% to the expected 3.4%, in line with expectations.
The final data confirmed that the overall inflation rate in the euro zone fell slightly to 2.2% year-on-year, down from 2.3% in February. The core inflation rate (excluding energy, food, alcohol and tobacco) also fell from 2.6% to 2.4%.
The service industry is a major contributor to price pressure in the euro zone, with an annual rate of 1.56 percentage points higher, followed by food, alcohol and tobacco, at 0.57 percentage points. Energy contribution is negative, subtracting -0.10 percentage points from the overall figure.
At the EU level, inflation ended up being 2.5% year-on-year, up from 2.7% in February. France had the lowest annual growth rate at just 0.9%, while Denmark and Luxembourg followed closely at 1.5% and 1.5% respectively. In contrast, inflation rates in Eastern Europe remained more durable, with Romania (5.1%), Hungary (4.8%) and Poland (4.4%) having the highest annual growth rates.
U.S. Market
Bank of Canada TodayThe overnight interest rate was kept unchanged at 2.75%. The Bank of Canada reiterated its intention to "act cautiously" and pointed out widespread uncertainty. The key is the drag on U.S. tariffs on Canadian exports and the downstream impact on business investment, employment and household spending. The central bank also said it was concerned about how quickly the cost increase would be passed on to consumers and how inflation expectations might be cope.
A central theme in the Bank of Canada’s April monetary policy report was the sharp deterioration of global trade prospects driven by a avatradescn.comprehensive and unstable shift in U.S. tariff policies.
To construct uncertainty, BoC proposes two situations. First, tariffs remain “limited in scope”, but high uncertainty “temporarily” suppressed growth, keeping inflation near the 2% target.
In contrast, the second scenario envisions a "long-lasting trade war" with the United States, which could put Canada into recession in 2025. Inflation may exceed 3% next year.
The Bank of England is very clear that these are not predictions, but a series of seemingly reasonable results, considering the unprecedented nature of policy shifts.
U.S. retail sales rose 1.4% month-on-month to $734.9B in March, slightly higher than the 1.3% forecast. Sales except automobiles rose 0.5% month-on-month to USD590.9B, higher than expected 0.4%. Sales without gasoline rose 1.7% month-on-month to $683.4B. Sales except automobiles and gasoline increased by 0.8% month-on-month to US$53.95 billion.
Total sales from January to March increased by 4.1% over the same period last year.
The above content is all about "[Ava Ava Official Website]: California announced the suing of the Trump administration! Powell refused to rescue the market" was carefully avatradescn.compiled and edited by the Avatrade Forex editor. I hope it will be helpful to your transaction! Thanks for the support!
Spring, summer, autumn and winter, every season is a beautiful scenery, and it stays in my heart forever. Leave~~~