Politico with the report on Trump shifting the deckchairs. Trade team moves:Treasury Secretary Scott Bessent now at the helmPeter Navarro relegated to the sidelinesHoward Lutnick recast into the role of “bad cop”Politico cite "according to three people close to the...
Forexlive Americas FX news wrap 10 Apr: DXY has it worst day since November 2022
The US dollar moved sharply to the downside with the dollar index (DXY) down -1.83%. That was its largest one-day decline going back to November 2022.. The US dollar was the weakest versus the Swiss franc at -3.94%. The USDCHF fell to the lowest level since 2011. The...
Fed’s Collins says interest rate policy to hold steady for now
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,...
Navarro says going to get trade deals with Australia, India and the UK
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,...
EU Commissioner President Von De Leyen says could tax big tech if Trump trade talks fail
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 equity close: Bad, but not as bad as it could have been
SPX 10 minute chartThere was some heavy selling after the open that accelerated until a bottom at 12:30 pm ET. The Nasdaq came perilously close to a 7% decline but there was a bounce there and Trump's comments that hinted at possibly removing 10% tariffs at least on...
Economic calendar in Asia Friday, April 11, 2025, a very light one
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,...
Trade ideas thread – Friday, 11 April, insightful charts, technical analysis, ideas
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,...
Trump admin is moving toward a possible de-listing of Chinese public shares – report
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,...
Why the bond market continues to buckle: US 30-year yields hit a new high
Yesterday was seen as something of a crisis averted for the bond market but the vigilantes are back today. Even a strong 30-year auction with a 2.6 bps stop through was able to only briefly halt the selling.Yields are now at the highs of the day up 6.9 bps to 4.86%.US...
Crude oil futures settle at $60.07
WTI crude oil futures settled at $60.07, down $2.28 or 3.66% on the day. Price action was volatile, with a session low of $58.76 and a high of $63.34. The market continues to digest yesterday’s sharp move lower, which saw crude fall to $55.15 — the lowest level since...
More from Goolsbee: Says he is not hearing much from business contacts about layoffs
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,...
The White House thinks it can re-write the rules of economics. The market thinks otherwise
The US dollar is in the midst of its worst day since 2022 today and it's not because today's CPI report was a tad soft. The foundations of the US dollar's global dominance are cracking.The Trump administration reversed course on the worst of the 'reciprocal' tariffs...
GBPUSD extends to new highs and toward upside targets
GBPUSD technicalsGBPUSD has rebounded firmly after moving back above its 200-bar moving average on the 4-hour chart (upper green line on the chart above), and the 100-bar moving average on the 4- hour chart (blueline on the chart above) earlier today.The move above...
USDJPY bounces off the low from yesterday
USDJPY TechnicalsUSDJPY extended lower in early trading, testing the prior day’s low at 143.99 before finding buyers and rebounding. The pair is now back above a key support zone dating back to September 2024, between 144.45 and 144.56. Holding above this area keeps...
US March Federal budget deficit -161.0B vs -236.6B 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,...
Trump: We will have great certainty on tariffs in 90 days
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 sells 30-year bonds at 4.813% vs 4.839% WI
US 30sFor the second day in a row we got a good auction at the long end with a 2.6 bps stop through today after a big concession in the past few hours.It was a $22b sale and the bid-to-cover was 2.43 vs 2.37 previously.Unlike yesterday, there also wasn't any sign of...
EU and China start negotiations on abolishing EU tariffs on Chinese electric vehicles
I would imagine that if they abolish the tariffs, there will be a flood of Chinese EVs into the EU that would swamp German carmakers. There is a real rift in the EU in that many countries and consumers would love the have the cheaper cars, while Germany would suffer....
EURUSD now looks toward 2023 high
EURSUD technicalsThe EURUSD has extended above the 2024 high at 1.1213.. The price high reached 1.1228. The current price is trading at 1.1203 currentlyBuyers are making a play but they will need to keep the momentum going. Looking at the daily chart, the swing high...