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AI-Enhanced Forex News Archive

Professional trading insights from Wednesday, April 29, 2026

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News Statistics for Wednesday, April 29, 2026

15
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5
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5
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5
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Archive date: Wednesday, April 29, 2026

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Forexlive

Amazon reports revenue and guidance beat

Shares of Amazon initially fell but are now 1.7% higher on earnings. .Revenue of $181.5B vs $177.3B expQ2 revenue guide of $194-199B vs $188.9B exp Capex hit $44.2B, up 77% YoY. TTM capex stands at $147.3B, up 67% from $88.0B a year ago.
USD
Source: Finnhub
Forexlive

NZD/USD Drops 0.87% to Test 200-Bar MA on Risk-Off Sentiment

NZD/USD has fallen sharply to 0.5834, down 0.87% on the session, as the New Zealand dollar leads losses among major currencies against the U.S. dollar. The pair has printed a new session low and is now testing a critical technical level — the 200-bar moving average on the 4-hour chart — which could determine near-term direction. The selloff is being driven by a combination of risk-off sentiment across global markets and rising U.S. Treasury yields, both of which favor the greenback over higher-beta commodity currencies like the kiwi. The broader macro backdrop remains unfavorable for NZD bulls, with traders positioning defensively ahead of the FOMC decision later this week. On the technical front, a sustained break below the 200-bar MA could open the door to further downside toward the 0.5800 psychological support level. Conversely, if buyers defend this moving average, a bounce back toward the 0.5870–0.5890 resistance zone is possible. Traders should monitor U.S. yield movements and risk sentiment closely for directional cues.
NZDUSD
Sentiment: Very Negative
Source: Finnhub
investing.com

Bank of Canada Holds at 2.75% with Dovish Tilt, USD/CAD Steady

The Bank of Canada held its overnight rate steady at 2.75% in its latest policy decision, delivering what market participants are interpreting as a dovish-leaning hold. While the rate was left unchanged as widely expected, the accompanying statement and forward guidance suggested the central bank remains open to further easing if economic conditions deteriorate. The Canadian economy continues to face headwinds from softening consumer spending and a cooling housing market, while inflation has moderated closer to the BoC's 2% target. USD/CAD initially rallied on the announcement as the dovish tone weighed on the loonie, with the pair testing the 1.3000 area. Oil prices, a key driver for CAD, remain under pressure amid global demand concerns, providing an additional headwind for the currency. From a technical perspective, USD/CAD faces resistance near 1.3050, while support is established around 1.2950. Traders will now shift focus to upcoming Canadian GDP and employment data for further clarity on the BoC's rate trajectory in subsequent meetings.
USDCAD
Sentiment: Negative
Source: Marketaux
seekingalpha.com

USD/CAD Rallies to 1.30 After Bank of Canada Neutral Hold at 2.25%

USD/CAD has rallied to the 1.3000 level following the Bank of Canada's decision to hold its policy rate at 2.25%, which Seeking Alpha characterizes as a neutral hold. The pair gained momentum as traders assessed the implications of the BoC's decision against the backdrop of the upcoming Federal Reserve meeting, where U.S. rates are expected to remain unchanged. The divergence in economic outlooks between the U.S. and Canada continues to favor USD strength, with the American economy showing relative resilience compared to Canada's slower growth trajectory. Technical analysis highlights the 1.3000 psychological level as a key battleground for bulls and bears. A decisive break above this level could see the pair advance toward 1.3050–1.3080 resistance. On the downside, support is located near 1.2950 and the 1.2900 handle. The rate differential between the Fed and BoC remains a critical factor, and any hawkish surprise from the FOMC on Wednesday could further bolster USD/CAD. Traders should watch crude oil dynamics and Canadian economic releases for additional directional signals.
USDCAD
Sentiment: Positive
Source: Marketaux
rttnews.com

Forex Markets Consolidate as Traders Await FOMC Decision Wednesday

Global forex markets are trading in a cautious, range-bound fashion as participants await the Federal Reserve's interest rate decision and policy guidance due Wednesday afternoon. Sentiment across major currency pairs remains tethered to anxiety surrounding the FOMC outcome, with most traders reluctant to take on significant directional risk ahead of the announcement. The Fed is widely expected to hold rates steady, but the focus will be squarely on Chair Powell's press conference and any shifts in the dot plot or forward guidance that could signal the timing of future rate cuts. The U.S. dollar index has held relatively firm as rising Treasury yields provide support, while risk-sensitive currencies such as AUD and NZD have underperformed. EUR/USD and GBP/USD are consolidating near recent ranges, with volatility likely compressed until the Fed speaks. Key technical levels across majors are being respected as the market waits for a catalyst. Traders should prepare for heightened volatility post-announcement, with potential for sharp moves in USD pairs depending on the Fed's tone regarding inflation persistence and the economic outlook.
EURUSD GBPUSD AUDUSD NZDUSD USDCAD USDJPY
Sentiment: Neutral
Source: Marketaux
Forexlive

USD/CAD Surges Past 1.3700 as BoC Holds Rates Amid Labor Concerns

USD/CAD is pushing to new session highs, extending above the 1.3700 handle and eyeing the 1.3715 resistance level following the Bank of Canada's latest rate decision. The BoC opted to leave interest rates unchanged, but the accompanying statement revealed growing concern over a softening Canadian labor market, which weighed heavily on the loonie. The dovish undertone in the central bank's communication suggests policymakers are increasingly wary of economic headwinds, potentially opening the door for future rate cuts if employment conditions deteriorate further. The pair's decisive move above 1.3700 represents a key technical breakout, with the next significant resistance zone sitting near 1.3715. On the downside, the 1.3700 level now serves as immediate support, with stronger support found near 1.3675. Traders should monitor upcoming Canadian employment data closely, as further weakness could reinforce the BoC's dovish stance and provide additional tailwinds for USD/CAD. The US dollar's broad strength is also contributing to upside momentum in the pair.
USDCAD
Sentiment: Very Positive
Source: Finnhub
investing.com

USD/JPY Eyes Bullish Breakout on Dovish Ueda and Surging Oil Prices

USD/JPY is positioning for a potential bullish breakout, supported by two converging catalysts: a less-hawkish-than-expected tone from Bank of Japan Governor Ueda and surging crude oil prices. Governor Ueda's recent remarks fell short of the hawkish expectations that had built up in the market, diminishing near-term prospects for aggressive BoJ tightening and undermining yen demand. Simultaneously, rising oil prices are exacerbating Japan's trade deficit concerns, as the nation remains a major energy importer, adding structural pressure on the Japanese currency. The combination of a patient BoJ and elevated energy costs creates a fundamentally bearish backdrop for the yen. From a technical perspective, the pair appears to be building momentum for an upside move, with traders watching key resistance levels for confirmation of a breakout. The US Dollar Index is also finding support amid broader risk sentiment dynamics. Traders should remain alert to any shifts in BoJ rhetoric or sudden oil price reversals that could alter the current bullish USD/JPY trajectory.
USDJPY
Sentiment: Very Positive
Source: Marketaux
financefeeds.com

EUR/USD and GBP/USD Consolidate as Traders Brace for Fed Decision

EUR/USD and GBP/USD are trading in narrow consolidation ranges as markets adopt a cautious stance ahead of the upcoming Federal Reserve policy decision. Both pairs had previously staged significant rallies, breaking above key resistance levels, but momentum has stalled as traders await clarity on the Fed's rate outlook. The euro and pound are holding recent gains but lack fresh catalysts to push higher in the near term. Market participants are closely scrutinizing any signals regarding the timing and pace of potential Fed rate adjustments, which will be critical in determining the next directional move for both pairs. The consolidation phase reflects broader uncertainty, with traders unwilling to commit to large positions ahead of the high-impact event. EUR/USD is currently trading within a tight range, with support and resistance levels defining the boundaries of the consolidation pattern. Similarly, GBP/USD is hovering near recent highs without committing to further upside. A dovish Fed outcome could reignite the rally in both pairs, while a hawkish surprise would likely trigger a sharp reversal favoring the US dollar.
EURUSD GBPUSD
Sentiment: Neutral
Source: Marketaux
Forexlive

EUR/USD Under Pressure as Eurozone Confidence Plunges, Inflation Fears Surge

EUR/USD faces renewed selling pressure as the April Eurozone economic sentiment survey delivered a sharply disappointing set of readings, raising stagflation concerns across the bloc. Economic confidence dropped to 93.0, well below the 95.2 consensus, while industrial confidence fell to -7.7 versus -7.2 expected and services confidence collapsed to 0.9 against a 3.5 forecast. Consumer confidence was confirmed at -20.6. Most alarmingly, consumer inflation expectations surged to 49.1 from 43.5 prior, driven by persistently elevated energy prices weighing on household purchasing power. The combination of deteriorating growth prospects and rising inflation expectations puts the European Central Bank in a difficult policy bind, limiting its room for rate cuts to support the economy. Traders should monitor EUR/USD support near the 1.0750-1.0780 zone, with potential downside acceleration if risk sentiment deteriorates further. Resistance is seen near 1.0850. The data reinforces a bearish macro backdrop for the euro, with upcoming Eurozone GDP and CPI prints likely to drive the next directional move.
EURUSD
Sentiment: Very Negative
Source: Finnhub
investing.com

USD/JPY Approaches 160.00 as Traders Brace for Fed Rate Decision

USD/JPY is pushing toward the critical 160.00 psychological level as the pair builds bullish momentum ahead of the upcoming Federal Reserve interest rate decision. The pair's advance reflects persistent yield differentials between US Treasuries and Japanese government bonds, as markets anticipate the Fed will maintain its hawkish stance while the Bank of Japan continues its cautious approach to policy normalization. The 160.00 level represents a key technical and psychological threshold, with traders closely watching for potential intervention signals from Japanese authorities, who have previously stepped in near these levels to defend the yen. A sustained break above 160.00 could open the path toward 160.50-161.00, while a hawkish Fed surprise might accelerate the move. On the downside, support is established near 158.50 and the 157.80 area. Traders should exercise caution around the Fed announcement, as any dovish pivot or shift in forward guidance could trigger a sharp reversal. Elevated volatility is expected around the decision window.
USDJPY
Sentiment: Positive
Source: Marketaux
investing.com

AUD/USD Eyes FOMC Decision as Powell Succession Talk Adds Uncertainty

AUD/USD faces a pivotal week as markets brace for the upcoming FOMC meeting, with speculation intensifying around a potential leadership transition from Chair Jerome Powell to Kevin Warsh. The meeting is expected to hold rates steady, but forward guidance and any signals regarding future Fed leadership could inject significant volatility into the dollar. The metaphor of Powell 'passing the grenade' underscores the policy challenges awaiting the next Fed chair, including persistent inflation concerns and slowing growth dynamics. For the Australian dollar, the uncertainty surrounding US monetary policy direction creates a complex trading environment. Traders should monitor the Fed's dot plot projections and press conference tone for clues on the rate trajectory. Near-term, AUD/USD is likely to remain range-bound ahead of the announcement, with a hawkish hold potentially strengthening the greenback and pressuring the pair lower. Conversely, any dovish pivot or leadership uncertainty could weaken the dollar, providing a tailwind for the Aussie.
AUDUSD
Sentiment: Neutral
Source: Marketaux
investing.com

AUD/USD Rallies as Soft Inflation Shifts RBA Bets; US Tech Earnings in Focus

AUD/USD is navigating a dual-driver environment, with softer-than-expected Australian inflation data reshaping Reserve Bank of Australia rate cut expectations while US tech earnings season provides broader risk sentiment support. The latest CPI figures have increased market pricing for an RBA rate cut, which would typically weigh on the Aussie, but strong gains in US equity futures — particularly ahead of major tech earnings reports — are bolstering risk appetite and supporting the currency. The interplay between USD/CNH dynamics and the Aussie remains relevant, as any yuan weakness from ongoing US-China trade tensions could spill over into AUD selling pressure. On the technical front, the pair is finding support from the broader risk-on tone in equity markets, though the shifting RBA outlook creates a ceiling on sustained gains. Traders should watch S&P 500 futures and upcoming tech results closely, as disappointments could reverse the current risk-positive flows that are propping up AUD/USD in the near term.
AUDUSD USDCNH
Sentiment: Neutral
Source: Marketaux
Forexlive

EUR/USD Eyes Volatility as German CPI Readings Signal Persistent Inflation

EUR/USD faces a pivotal session as Germany's state-level CPI readings are due later today, with expectations pointing to a continuation of the inflationary jump observed in March. Surging energy prices, driven largely by the ongoing Middle East conflict, remain the primary catalyst behind rising headline inflation across Europe's largest economy. The disconnect between market-observed price levels and the actual cost pressures felt by consumers and businesses underscores the severity of the inflationary environment. For the European Central Bank, persistent elevated CPI figures could complicate any near-term pivot toward rate cuts, potentially supporting the euro against major counterparts. Traders should monitor the individual German state readings closely, as they serve as a leading indicator for the national flash CPI release. Should the data confirm accelerating price pressures, EUR/USD could see upward momentum as rate cut expectations are pushed further out. Conversely, any unexpected softening may weigh on the pair. Key support sits near recent session lows, while resistance aligns with prior weekly highs.
EURUSD
Sentiment: Positive
Source: Finnhub
Forexlive

AUD/USD drops as Australian inflation stays above RBA target

AUD/USD came under selling pressure following the release of Australia's latest inflation data, which showed prices remaining stubbornly above the Reserve Bank of Australia's target band. The Trimmed Mean CPI printed at 0.8% q/q, slightly below the 0.9% consensus and prior reading, while the March monthly headline CPI came in at 4.6%, well above the RBA's 2-3% target range. Despite the quarterly trimmed mean reading missing expectations marginally, the overall inflation picture remains elevated, complicating the RBA's policy outlook and raising questions about the timing of potential rate cuts. The higher-than-target headline figure suggests persistent price pressures in the Australian economy, which paradoxically weighed on the Australian dollar as markets digested the mixed signals. Traders are reassessing RBA rate expectations, with the central bank likely to maintain its cautious stance at upcoming meetings. Near-term support for AUD/USD sits at the session lows, while resistance aligns with pre-data levels. The data underscores ongoing uncertainty for AUD traders navigating conflicting inflation signals.
AUDUSD
Sentiment: Negative
Source: Finnhub
timesofindia.indiatimes.com

USD/INR Faces Headwinds as Indian Equities Surge Over 1,000 Points

USD/INR faces downward pressure as Indian equity markets staged a powerful rally, with the BSE Sensex surging over 1,000 points past the 77,900 mark and the Nifty50 climbing strongly above 24,300 during Wednesday's session. The robust equity inflows are supporting the Indian rupee despite headwinds from rising crude oil prices, which typically weigh on India's current account given its status as a major oil importer. The rally came against a backdrop of weak global cues, suggesting strong domestic buying interest and foreign portfolio inflows into Indian assets. The divergence between surging equities and elevated crude prices creates a tug-of-war dynamic for USD/INR. Traders should watch for oil price developments as sustained crude strength could limit rupee gains. Near-term USD/INR support is seen around the 83.20-83.30 zone, while resistance holds near 83.80. Risk appetite in emerging market assets broadly could benefit from any dovish signals from the Fed, potentially adding further downside pressure on the pair.
USDINR
Sentiment: Negative
Source: Marketaux

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