Trump decides to go ahead with the Memorandum to introduce recipricol tariff plan. The USD moved higher and then it moved back down. The US stocks dipped a little and then rebounded. The US yields moved around as well but is now trading at session lows. The 10 year is...
This market isn’t afraid of tariff talk anymore
The market reaction to today's 'reciprocal' tariff announcement from the White House revealed one of two things:Sell-the-fact (on the dollar) as this has been telegraphed for a weekIt's a toothless threat aimed at getting negotiating leverageI'm biased towards the...
Trump expressed support in the call for a European peacekeeping force in Zelensky call
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 announces reciprocal tariffs: Could begin to impose some tariffs “within weeks”
Sending merchandise through another country to avoid tariffs will not be acceptedSays he's decided to charge reciprocal tariffsProvisions will be made for non-monetary tariffs, such as tests on carsProvisions for non-monetary tariffs will include limitations on...
The Trump administration is confused about European VAT taxes. Here is how they work
It will be interesting to see what the Trump administration today says about European VAT taxes, which seem to be a focus of several administration officials including Peter Navarro.That thinking is causing confusion because these are essentially consumption taxes.In...
US treasury sells $25 billion of 30 year bonds at a high yield of 4.748%
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,...
USDJPY reaches the cluster of MAs and finds some stall
USDJPY has extended lower, reaching a key moving average (MA) cluster highlighted in earlier posts. This support zone, spanning 152.71 to 153.03, includes the 100-hour, 200-hour, 100-day, and 200-day MAs. The pair just touched a low of 152.917 within this range before...
US treasury to auction $25B of 30 year bond at the top of the hour
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,...
Ukraine’s Zelenskiy warns: Don’t trust Putins claims of readiness to end war
Pres. Trump is keen on ending the war with Russia and Ukraine, and spoke to leaders of both nations yesterday. Whereas, Trump posted today:"GREAT TALKS WITH RUSSIA AND UKRAINE YESTERDAY. GOOD POSSIBILITY OF ENDING THAT HORRIBLE, VERY BLOODY WAR!!!"Zelenskiy is giving...
Changelly Celebrates Major Expansion: 1k Cryptos Now Available with Valentine’s Promotion
Changelly, an instant cryptocurrency exchange platform, marks two major milestones: expanding its cryptocurrency support to 1,000 coins across 185 blockchain networks. To celebrate these achievements, the platform is launching a Valentine's-themed promo campaign...
Is Trump 2.0 mirroring Trump 1.0 in the EURUSD? I will discuss that idea in this video.
At the start of Trump 1.0 in January 2017, the EURUSD was trading around 1.0400 to 1.0500. The EURUSD is trading around that same area to start the Trump 2.0 term. If you look back to 2017, the EURUSD nearly trading up to 1.2100 by the end of the first year of his...
Steady bids underping US equities while USD falls. No fear of tariffs
The market is increasingly calling the bluff on tariffs, even before they're announced.Today's 'reciprocal' tariff announcement initially left markets weary but after a CNBC report suggesting they will be delayed and have some exceptions, the market has quickly...
NY Fed: Q4 total household debt rose 0.5% to $18.04 trillion
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 makes a break for it. Exits the low of the range going back to mid-December
As reciprocal tariff news loses it fear momentum —at least for now—USDCAD has broken lower. The pair has decisively moved below the 1.4260 level, which had marked the bottom of its trading range since mid-December. It has also slipped under the 38.2% retracement of...
Core PCE is likely to fall given the PPI components
PPI mmAll the inflation news this week isn't as bad as it seems.Nick Timiraos from the WSJ and Samuel Tombs from Pantheon highlight that the components from PPI that go into PCE were "a game changer" for core PCE."Those PPI numbers were a game-changer for the January...
USDCHF sellers took the wind out of the buyers sails despite diverging inflation readings
USDCHF has trended lower despite diverging inflation data from Switzerland and the U.S.. Swiss CPI came in at -0.1% MoM and 0.4% YoY, while U.S. PPI surprised to the upside at 0.4% MoM and 3.5% YoY. Typically, stronger U.S. inflation data would support a higher...
Reciprocal tariffs announced today will have a time delay, won’t be an executive order
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 stocks show mixed signals as Tesla accelerates and Deere stumbles
Stock heatmap by FinViz.com Thu, 13 Feb 2025 14:46:12 GMTSector OverviewThe US stock market today is a reflection of contrasting performances across various sectors. Technology stocks presented mixed signals, while consumer cyclicals, led by Tesla, showed significant...
A sign of softness is creeping in for Canadian consumers
Canadian Tire is a retailing giant in Canada with several banners that offer some insight into the health of the consumer.The company reported earnings today and it painted a picture of a sluggish consumer.Same store sales at the flagship store up 1.1% vs +2.9%...
Senior Trump official: Hope to have bilateral trade deal with India this year
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