FX analysts at Deutsche Bank today highlight three political developments:The WaPo article highlighting a narrowing of tariffs (and Trump's denial)Trump's preference for "one big beautiful bill"Trump's plan to finance tax cuts with tariffsThis year will defined in...
Lots of up and down volatility in USDCAD as politics in Canada and US dominate
The USDCAD has had a volatile trading today as tariff news from Pres.-elect Trump sent the dollar lower and then higher, and word of the resignation of Canada PM Trudeau also contributed. Technically, the price moved lower on the tariff news taking the pair below a...
European equity close: Great start to the week outside the UK
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The bond market is sniffing out that the deficit won’t be a priority
US 10 year yields dailyUS 10-year yields are up 3.5 bps to 4.63% and verging on the highest levels since April.I'm watching the signals coming out of Congress very closely and gauging the market's reaction. As I've long written, the three economic priorities of Trump...
A technical look at the AUDUSD & the NZDUSD. What levels are defining risk, bias & targets
In the video above, I take a look at both the AUDUSD and NZDUSD. Both pairs moved lower into the yearend reaching new lows for the year on the very last day of the calendar year. In the first few days of 2025, the price has moved higher with strong gains earlier today...
Trudeau says he will resign as Liberal Party leader. Parliament prorogued until March 24
Canada's Prime Minister announced that he intends to step down, as previously reported.Highlights:Says Governor General agreed House of Parliament will be prorogued until March 24Process will begin to select a new Liberal leaderRemoving me should decrease the level of...
Fed’s Barr will resign from banking supervision role in February but will stay as governor
The Fed's top bank regulator will leave his post on Feb 28, rather than fighting to keep his position, as he previously indicated. In a statement, he said that a 'dispute' over his position could be a distraction.However Barr says that he will remain as a Fed Governor...
Trudeau will seek to progrogue parliament until March 24 – 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,...
USDCHF swings with the Trump news. Trades between the 100 and 200 hour MAs
The USD/CHF pair experienced a sharp drop following a Washington Post article reporting that Trump is considering global tariffs targeting only "critical materials." This news pushed the pair below its 100-hour moving average at 0.9072 and its 200-hour moving average...
NASDAQ Price Prediction Today
NASDAQ Price Prediction and Analysis: Key Levels to Watch Today. Do not short yet...The NASDAQ 100 E-mini futures were up already by over 1.5% today, its high so far near 21,850 at the time of this analysis. This strong performance reflects growing optimism in the...
US November factory orders -0.4% vs -0.3% 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,...
Bitcoin climbs back above $100,000
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,...
Technology and semiconductor stocks soar, telecom faces pressure
Stock heatmap by FinViz.com Mon, 06 Jan 2025 14:46:10 GMTTechnology and Semiconductor Stocks Soar, Telecom Faces PressureThe U.S. stock market today highlighted a robust performance in technology and semiconductor sectors, while telecom stocks faced notable declines....
US December S&P Global final services PMI 56.8 vs 58.5 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,...
USD moves higher on Trump comment that tariff policy story is wrong
President elect Trump is saying that the Washington Post article on tariffs is wrong and that has led to a quick move to the upside in the USD, a quick move higher in yields (2 YEAR back to unchanged/10 year up 2.5 bps to 4.62%) and a rotation lower in stocks. The...
Trump denies that he will pare back his tariff policy
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,...
Fed’s Cook: It will be appropriate to cut to neutral over time
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,...
Trudeau to hold press conference, will announce he’s stepping down
On the weekend, the rumours continued that Trudeau was on the way out.Now it's virtually confirmed as the CBC reports that Trudeau will hold a press conference at 5:45 pm ET (2245 GMT) (Update: They now say it will be at 10:45 am ET) and announce he intends to step...
Why the Trump plan on putting tariffs on critical imports is moving markets
The US dollar is softening today in part due to a Washington Post report that says Trump is considering putting on global tariffs but only on 'critical materials'. The report includes a relatively short list that highlights three areas and 11 specific things:Defense...
2025 Financial Market Outlook by Octa Broker
Key messages from Octa for 2025:● In 2025, the implications of the U.S. presidential election will play out in full force.● A full-scale tariff war between the U.S. and the rest of the world is a major global risk.● An additional headwind is growing fiscal deficits in...