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NASDAQ index now down close to 3% on the day.S&P moves away from its 200 day MA at 5730.66
Major US stock indices continue to slide with the S&P and NASDAQ index now both trading comfortably below their 200 day moving averages. The S&P index is 200 day moving average of 5730.67. The current prices trading at 5720.5 down -2.08%. The NASDAQ index has...
February non-farm payrolls preview by the numbers: A wide range of estimates and opinions
Consensus estimate +160K Estimate range +30K to +300KJanuary was +143K Private consensus +142K versus +111K priorUnemployment rate consensus estimate 4.0% versus 4.0% priorPrior unrounded unemployment rate 4.0113%Prior participation rate 62.6%Prior underemployment U6...
EURUSD is now lower on the day after failing above the 61.8% retracement
EURUSD TechnicalsThe EURUSD surged higher this week, rallying from a Monday low of 1.03879 and closing higher for three consecutive days. The momentum extended into Thursday, with the pair reaching an intraday high of 1.0853, marking a 465-pip gain over the past few...
This announcement on Canada-USA tariffs is taking way too long
In February when the first round of tariffs were called if, there were calls between Trump and Sheinbaum and then Trump and Trudeau in very short order.The longer this takes, the more I worry that something has gone wrong.For Trudeau's Liberals -- he's being replaced...
It’s been awhile since the S&P 500 touched the 200-day moving average
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 considering major NATO shift: Won’t defend countries that don’t meet spending target
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,...
S&P index moving closer to its rising 200 day moving average
As stocks continue to decline, the S&P 500 is approaching a key technical level—the rising 200-day moving average (MA), which currently stands at 5730.78. The index recently hit a low of 5737.41, edging closer to this significant support level. A confirmed break...
Bessent: If I were an Iranian, I would get all my money out of the rial 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,...
The details of what Trump announces today on USMCA will be key
US Commerce Sec Howard Lutnick announced that Canadian and Mexican tariffs will be removed today on 'USMCA compliant' goods but exactly what that means isn't clear.As Brian Platt at Bloomberg highlights, that pact covers virtually everything that crosses the border...
Atlanta Fed GDPNow estimate for Q1 -2.4% vs -2.8% on March 3
The Atlanta Fed GDPNow estimate for Q1 rises to -2.4% from -2.8% on March 3. Since the last report on March 3, Auto sales contributed to a gain to -2.3% from -2.8%. The ISM services index did not move the needle, bu the trade report and wholesale trade was a modest...
US stock markets fall to the lows of the day, Nasdaq down 2.2%
Maybe the market liked tariffs.It looks like the USMCA trade fight is about to be fully called off (Mexico tariffs are off while we're awaiting Canada) but that hasn't saved the market. There was a pop on the first hints from Lutnick but in the last hour there has...
Mexican President confirms tariff agreement with Trump
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Additional tariff exemptions coming later today – 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,...
USDCAD moves outside consolidation area below 1.4268 to 1.4279. Now close resistance.
The USDCAD dropped sharply after U.S. Commerce Secretary Lutnick suggested that tariffs on Canadian goods would be delayed or not enacted, prompting sellers to take control.Technically speaking, the price action was supportive of a move lower. Today's high stalled at...
ECB sources: The chance of a pause in rate cuts in April is growing
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: I have agreed that Mexico will not be required to pay tariffs on anything in USMCA
Trump is confirming what Lutnick earlier said was 'likely'.After speaking with President Claudia Sheinbaum of Mexico, I have agreed that Mexico will not be required to pay Tariffs on anything that falls under the USMCA Agreement. This Agreement is until April 2nd. I...
CIBC slashes Canadian and US GDP forecasts on trade war pain
Canadian trade data today underscored the first-half 2025 dynamics in the Canadian economy. There will be strong front-running of tariff exports in January and February before a total reversal afterwards, assuming the tariffs remain.CIBC is out with new forecasts that...
Canadian dollar rises to best levels since Feb 24 on signs the tariff war will pause
USD/CAD 5 minsIt looks like we will get an end to this chapter in the tariff war later today.On CNBC, Commerce Secertary Howard Lutnick said it's "likely" that tariffs will be removed on all USMCA compliant goods and services that cross the border. That covers pretty...
The ridiculous idea that Trudeau won’t step down is ridiculous
Trump is on Truth Social saying this:Believe it or not, despite the terrible job he’s done for Canada, I think that Justin Trudeau is using the Tariff problem, which he has largely caused, in order to run again for Prime Minister. So much fun to watch!I think this is...