According to CNN, the White House is saying that Pres Trump and Canadian Prime Minister Trudeau spoke since the tariffs took effect (not on Wednesday)UPDATE: Canada is now saying that Canada PM did speak to Pres. Trump today. Vance and Lutnick were also on the call...
EURCHF trades to highest level since July 2024.
EURCHF technicalsThe EUR is the strongest currency vs all the major currencies today as the EU starts to stand on its own feet for defense. That increased spending has goosed the stocks higher. Yields also moved higher with the 10 year yields in German rising 27.9...
USDMXN slips after US weighs delay on the auto tariffs
For what it is worth, the US announced that the US is mulling the delay of auto tariffs on Canada, Mexico. The USDMXN fell on the news. However, the 100-day moving average at 20.33689 did a good job of holding support. The price has bounced to 20.3891...
US weighs one-month delay of Canada-Mexico tariffs on autos
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
NY Fed report shows rapidly rising inflation expectations among businesses this year
The market has pricing in 77 bps in Fed easing this year but much of that will depend on where inflation is headed. Uncertainty is high around tariffs at the moment.The New York Fed is out with a new report that surveys businesses on pricing and broad year-ahead...
European close: Germany jumps, erasing yesterday’s decline
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
AUDUSD buyers make a play to the upside. Can they keep the momentum going?
The AUDUSD initially found resistance at its 100-hour moving average yesterday before breaking above it late in the session. In today’s Asia-Pacific session, the pair tested and held support at the 100-hour MA, leading to a bounce. Buyers pushed the price toward the...
US stock markets are losing patience in the tariff waiting game
The S&P 500 is at the lows of the day, down 22 points to 5756.It was a wild ride in the futures market starting after the close yesterday when Lutnick said that some tariffs will be coming off. That's been followed by a soft ADP employment number and some mixed...
The removal of the German debt brake is a gamechanger
The reaction from financial markets is unequivocal on the new German government proposal to lift the debt brake and spending as much as 500 billion euros on infrastructure. Germany is one of the few countries left in the world with an enviable fiscal position but it's...
Canada won’t lift its tariffs until all US tariffs lifted
Trump and Trudeau are scheduled to speak later today but a report said that Canada isn't in the mood to compromise on allowing any level of US tariffs.A source cited by Bloomberg says Canada is not open to lifting tariffs until the US takes them down.The official said...
The Dollar, Trade Deficit, and Budget Deficit for Investors
The U.S. economy operates on a delicate balance, influenced by the value of the U.S. dollar, the trade deficit, and the budget deficit. Now that Donald Trump is back in office, investors should pay close attention to how his policies could shape these critical...
EIA weekly US crude oil inventories +3614K vs +341K expected
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
EURUSD breaks above 200 day MA for first time since November 6
EURUSD technicalsThe EURUSD stalled just below its 200-day moving average (1.07258) at the start of the U.S. session, while fluctuating around the 50% midpoint (1.0695) of the September-to-January decline. Buyers stepped in following weaker ADP data, while...
WTI crude oil falls below $66 for the first time since September
OPEC+ might regret adding 170k barrels per day to the April balances. The profits from that extra oil have surly been swamped by the resulting drop in the price of oil, with WTI now down $4 this week. About half of that is today's decline, which has taken out the...
The 200-day moving averages are in play for both the S&P and the Nasdaq indices
Both the S&P 500 and NASDAQ indices have been highly reactive to their 200-day moving averages over the last few days, a key technical level for market direction. The S&P 500 tested support near its 200-day MA at 5,728.26 yesterday, with buyers stepping in...
BOE’s Bailey: I think it’s less-likely we get second-round effects due to a soft economy
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
US factory orders for January 1.7% versus 1.6% expected
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
US February ISM services 53.5 vs 52.6 expected
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
Tech giants lead rally as semiconductors surge, energy stocks stumble
Stock heatmap by FinViz.com Wed, 05 Mar 2025 14:46:12 GMTSector OverviewToday’s market heatmap reveals a strong performance in the technology sector, particularly among semiconductor companies, while energy stocks faced headwinds.📈 Semiconductors: Nvidia (NVDA) soared...
US February S&P Global final services index 51.0 vs 49.7 prelim
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...