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Elon Musk says Trump administration can cut $1 trillion out of the US deficit next year
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Japan economy minister says underlying inflation is approaching 2%
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Dollar well in charge in wild start to the new week
The dollar is sitting over 1% higher against most major currencies to start the day as Trump duly delivered on his tariffs threat against Canada and Mexico. The additional 10% tariffs on China feels like a separate discussion at this stage as it sits in a different...
Wall Street Journal reports China promises not to devalue the yuan
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There is an OPEC+ (JMMC) meeting scheduled for today, to review current market conditions
OPEC is set to hold its Joint OPEC/non-OPEC Ministerial Monitoring Committee (JMMC) meeting today to review current market conditions. No recommendations for broader policy changes are anticipated. Under the existing agreement, voluntary production cuts will continue...
ForexLive Asia-Pacific FX news wrap: Trump tariff war triggers USD surge, ‘risk’ slump
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Federal Reserve speakers on Monday include Bostic and Musalem
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JP Morgan on Trump tariffs – reinforce their bullish view on gold
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Persistent Trump tariffs mean a minus 5% hit to Canada’s economy, Mexico -8%, US -1%
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AUD/USD dipped under 0.61
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Ethereum implodes
ETH 10 minsIt's turning into some kind of 'Black Sunday' in the ethereum market.Bitcoin is having a rough one as it's down to $93K but ethereum is absolutely puking, falling 25% in minutes and down by a third from Friday level.So far the September lows are holding.ETH...
Bank of Canada will implement six consecutive quarter-point interest rate cuts
Bank of Montreal (BMO) has revised its outlook for Canadian interest rates in response to the economic impact of Trump's 25% tariff. BMO now anticipates the Bank of Canada will implement six consecutive quarter-point interest rate cuts, bringing the policy rate down...
Caixin China Manufacturing PMI (January 2025) 50.1 vs. expected 50.5
Caixin China Manufacturing PMI for January 2025:A weak 50.1, but keeps its nose in expansionexpected 50.5prior 50.5This manufacturing PMI comes in better than the official manufacturing PMI:***Posted earlier, but here it is again ICYMI:***The two PMIs are quite...
Goldman Sachs says the medium term risks to oil prices is skewed to the downside
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AUD/USD falls to to its lowest since early 2020
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US TreasSec Bessent said tariffs inflationary, not good “for a US industrial renaissance”
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Australia retail sales December 2024 -0.1%% m/m (expected -0.7%)
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Australian building permits for December 2024: +0.7% m/m (expected +1.0%)
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