Reports that Bessent told lawmakers today that tomorrow’s tariffs are a “cap”the amounts announced tomorrow are the highest the tariffs will gocounties could then take steps to bring the tariffs downAt the margin this is encouraging news. If its true. I've no reason...
New Zealand data – February Building permits +0.7% m/m (prior +2.6%)
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,...
Markets still guessing as tariff risks escalate, warns Deutsche Bank
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 Treasury has floated a new tariff option for Trump to consider!
The Wall Street Journal report that the US Treasury has prepared another option for Trump to consider:across the board tariff increaseon a subset of nationswould not be as high as 20%The Journal cite "people with knowledge of the plans" for the new info. Pardon my...
Oil – private survey of inventory shows a headline large crude oil build vs. draw expected
Via oilprice.com:That headline is build in stocks is quite something, especially given a draw was expected. Expectations I had seen centred on:Headline crude -2.1mn barrelsDistillates -1.0 mn bblsGasoline -1.7 mn---This data point is from a privately-conducted survey...
Forexlive Americas FX news wrap: Another round of tariff fears fade
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Economic calendar in Asia 02 April 2025 – South Korean inflation data
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 – Wednesday, 2 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,...
Gold could cool off if the tariff rates aren’t too high
gold dailyI think one of the clearer trades on Wednesday after Trump announces tariffs could be gold.If tariffs are lower than expected, then we could see some of the safety bid in gold come out. That said, it's still tough to evaluate what is priced in and what level...
After tariffs, the focus will go back to the Fed and the inflation problem
In last month's fresh set of FOMC forecasts, the median on PCE inflation was 2.7% with a range of 2.5-3.4%.They may need a re-think. Ed Bradford highlights that one-year inflation swaps are now above 3.3% and already at the high end of the Fed's forecasts. Now much of...
Canada’s Carney highlights plan to fight tariffs in call with Mexico
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WTI crude oil futures settled $71.20
Crude oil technicalsCrude oil futures are settling down $0.28 or -0.39% at $71.20. The high for the day reached $72.10. The low was at $71.03.Technically, the price remains between its 100 day moving average below at $70.65 and its 200 day moving average above at...
Morgan Stanley: What we expect from the March US non-farm payrolls report on Friday
Morgan Stanley expects a cooling in U.S. job growth for March, with payroll gains softening and layoffs starting to show in federal employment. While wage growth remains steady, the risks are skewed toward a weaker labor market narrative.Key Points:Payrolls: Forecast...
Gains are dwindling in the major indices
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Trump believes Putin is stalling, could ramp up pressure
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Video: What’s priced in for ‘Liberation Day’ and why the US dollar is weakening
I was in Toronto on Monday to speak with BNNBloomberg about the playbook for trading the tariff news on Wednesday. I dove into what's priced in and how to react to the initial headlines, which are now expected at 4 pm on Wednesday but could leak out sooner.I argued...
GBPUSD rallies off lows but respecting the 100/200 hour MAs
GBPUSD technicalsGBPUSD has seen choppy, two-way price action today. Earlier in the U.S. session, the pair dipped below yesterday’s low of 1.2885, reaching a session low (and new low for the week) at 1.2878. However, as London and European traders exited for the day...
White House Press Sec.: Trump to take historic action to improve American competitiveness
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Atlanta Fed GDPNow -3.7% versus -2.8% previously (March 28)
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US 10 year yield now down around 10 basis points at 4.148%
The U.S. 10-year yield is down nearly 10 basis points on the day, trading at 4.148%. Earlier, it dipped to 4.133%, just shy of the 2025 low of 4.108% set in early March. The recent rebound in yields peaked on March 27 at 4.40%, briefly surpassing the 50% retracement...