The earlier CNBC report I highlighted appeared to help turn around sentiment in equity markets today in a big way. The bond market has bounced much less but in FX, we're seeing some strong bids in the Canadian dollar.Deliberations are still ongoing about what path...
USD makes a run to the downside
Markets are anxious and we just saw a move lower. The CNBC report that a 20% blanket tariff was "less likely" than a tiered system of 3 different rates, and a country by country rate It is reported that chips, pharma and other tariffs would be announced later. Canada...
Canada’s Carney: We will retaliate against US tariffs
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,...
Iran advisor to supreme leader: Will develop a nuclear bomb if attacked
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,...
Service sector deteriorates in the Dallas Fed survey
Outlook -11.3 vs +4.6 priorRevenue +1.3 vs +8.2 priorEmployment +2.2 vs -0.1 priorSix months outlook -0.6 vs +13.3 priorSix months revenue +30.9 vs +43.9 priorCapex +11.9 vs +20.3 priorComments in the report:Management of companies and enterprisesWe are a bank, our...
Mixed fortunes: Tech stocks rally while healthcare declines
Stock heatmap by FinViz.com Tue, 01 Apr 2025 14:46:08 GMTSector Overview: Tech Soars, Healthcare StumblesTechnology Sector: The technology sector is displaying impressive resilience today. Microsoft (MSFT) has surged by 0.65% and Google (GOOG) by 0.93%, indicating...
Trump is evaluating three tariff proposals – report
CNBC's Megan Cassella said deliberations on exactly what Wednesday's announcement (scheduled for 4 pm ET) will look likeShe said there are "three main options" that Trump is looking at:Blanket 20% tariffs Tiered system of three different ratesCountry-by-country...
RBA holds steady, keeps cautious tone as inflation remains in focus. AUDUSD consolidates.
The Reserve Bank of Australia (RBA) left its cash rate unchanged at 4.10% in its April 2025 policy decision, as widely expected. The central bank statement maintained a cautious tone, noting that underlying inflation is moderating but emphasizing that returning...
US dollar comes under fresh pressure as Treasury yields continue to fall
The mood in equities is worsening but it's not helping the US dollar.The market is increasingly concerned that the US administration is shooting itself in the foot with a poor set of tariff policies that will chase money out of the country. Increasingly, market...
US February construction spending +0.7% 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,...
JOLTs February job openings 7.568M vs 7.616M estimate
Prior month 7.774M revised to 7.762MJOLTs job openings 7.568 million down from 7.762 million last monthFor the year the job openings are down 877,000.Jobs opening rate at 4.5%Quits rate 2.0% versus 2.1% last monthVacancy rate 4.5% versus 4.7% last month (revised up...
US March ISM manufacturing 49.0 vs 49.5 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,...
OPEC+ not expected to change its plan to gradually raise oil output from April – 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,...
US S&P Global March manufacturing PMI 50.2 vs 49.8 prior
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,...
Eight OPEC+ members will meet on Thursday
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,...
March Canada S&P Global PMI 46.3 vs 47.8 prior
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,...
April forex seasonals: A ray of sunshine at a cloudy moment
At the start of March, I highlighted the seasonals for the month and one of them was yen weakness. Despite all the turmoil, USD/JPY rose about 200 pips in the month. Even AUD/JPY managed a gain in the month.Another one was oil, and though it started soft, it managed...
USDCAD extends bounce as technicals and tariffs support bullish case
USDCAD technicalsTariff concerns tied to tomorrow’s "Liberation Day" are keeping upward pressure on USDCAD, and the technicals are aligning with that narrative.After finding strong support late last week near the 100-day moving average at 1.4269 after breaking below...
Learn to Invest: Rebalance Your Portfolio
A practical guide to keeping your investing portfolio aligned with your goals, without overthinking it."Rebalancing isn’t about reacting to every market move — it’s about keeping your investing strategy on track."Rebalance Your Investing PortfolioWhat Is Portfolio...
USDCHF tests key MA support. 100 and 200 hour MA will set the trader bias technically
USDCHF technicalsYesterday, USDCHF buyers made a push higher, breaking above the ceiling near 0.8848. However, on two separate occasions, bullish momentum faded just ahead of the 38.2% Fibonacci retracement (drawn from the February–March decline) at 0.8862. The high...