As we get into the new day, broader markets are fearing that Trump might not be taking a targeted approach on tariffs come 2 April. That follows from this latest report here. Liberation Day is set to be the most important event in markets this week as we will get an...
The gold train marches on for now
As the focus turns towards Trump tariffs later in the week, the gold train is not stopping to kick start proceedings. The precious metal broke the $3,100 level earlier and is now up over 1% to a fresh record high of $3,121.Gold (XAU/USD) daily chartIn a time like...
Germany February retail sales +0.8% vs 0.0% m/m expected
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Germany February import price index +0.3% vs 0.0% m/m expected
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Risk stays on the defensive with Trump tariffs in focus this week
Tech shares are leading the declines with Nasdaq futures also marked down by 1.1% currently. In case you missed it: Trump weighs broader, higher tariffs. Across-the-board hike of up to 20% consideredThe 2 April deadline draws closer and Trump will surely want to make...
Goldman Sachs now sees the Fed delivering three rate cuts this year
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Reminder: The clocks have sprung forward in Europe over the weekend
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ForexLive Asia-Pacific FX news wrap: Trump tariff chaos hits; recession chance jumps
"Trump’s tariff regime will be more disruptive to global economy than markets are pricing"China says that it has discovered a major oilfield in the eastern South China SeaReserve Bank of Australia should cut now - "Global Economic Outlook Goes Into a Tailspin"Nasdaq...
“Trump’s tariff regime will be more disruptive to global economy than markets are pricing”
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,...
China says that it has discovered a major oilfield in the eastern South China Sea
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Reserve Bank of Australia should cut now – “Global Economic Outlook Goes Into a Tailspin”
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USD/JPY drops under 149.00
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Gold to a record high above US$3100
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China – Nanjing has lifted home purchase limits starting March 31
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Weekend: Trump revoked permits and waivers allowing Western firms to operate in Venezuela
Trump rescinded permits and waivers that had allowed several Western energy firms to operate in Venezuela, further tightening pressure on President Nicolás Maduro’s regime. Affected companies include U.S.-based Global Oil Terminals—led by energy magnate Harry Sargeant...
Musk says no plans for the US government to use DOGE coin
Posting this out of interest. Crypooit folks have been, on balance, disappointed with the new administration of the reserve 9that wasn't) and other developments. I don't think there was much expectations of Doge coin to be used by the government, though?As an aside,...
Japan’s Finance Minister Kato says excessive moves on forex are undesirable
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China March official Manufacturing PMI 50.5 (expected of 50.5)
China March official Manufacturing PMI 50.5, fastest in a year. expected 50.5 (I've also seen expected at 50.4)prior 50.4Non-Manufacturing PMI 50.8expected 50.5, prior 50.4Composite PMI 51.4 prior 51.1Solid results these. Not spectacular, but for diffusion indexes...
CBA expects RBA on hold this week, with a more dovish tone
Commonwealth Bank of Australia expects the Reserve Bank to keep the official cash rate unchanged at 4.10% in April, with policymakers likely to strike a more dovish tone as they await the March quarter inflation report. While the RBA has maintained a modestly hawkish...