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,...
Is Trump building the foundations to fire Fed Chair Powell and other Fed members?
Trump has fired two Democratic Federal Trade Commission (FTC) commissioners. It remains to be seen if Trump has the authority to do so. The Wall Street Journal reports:The move runs counter to current Supreme Court precedent that says the FTC’s commissioners can only...
Deutsche Bank cuts Q1 US GDP forecast to 1.5% amid soft consumer spending, trade drag
Deutsche Bank has revised down its first-quarter U.S. GDP growth forecast to 1.5% (annualized), a 1 percentage point cut from its previous estimate, citing weaker-than-expected consumer spending and a greater drag from net exports.The downgrade also has broader...
Japan business sentiment weakens in March amid tariff and China concerns
Reuters Tankan survey for March 2025- Manufacturers' sentiment drops to -1 in March from +3 in February - Non-manufacturers' index declines to +25 from +30 - Outlook improves slightly for June, with manufacturers seen at +4 and non-manufacturers at +28Business...
White House says reciprocal tariffs still intended to take effect from April 2
This via Reuters, citing " a White House official said, clarifying comments from Treasury Secretary Scott Bessent which suggested countries could negotiate before the U.S. government begins collecting new import duties" "The intent is to enact tariffs on April 2,"...
UBS note of caution – says S&P futures & stocks liquidity declines to rarely seen levels
A UBS note highlights that liquidity in S&P 500 futures has dwindled to levels rarely seen since 2020, touching this threshold only four times in the past four years—most often in mid-summer. A similar trend is playing out in single stocks, exacerbating the...
(Not FX!) Astronauts Suni Williams and Butch Wilmore have returned to Earth
A SpaceX capsule carrying Butch Wilmore and Suni Williams has splashdowned off the Florida coast.The two were stranded on the International Space Station due to a Boeing Starliner fault. Some welcome news!SpaceX (Space Exploration Technologies Corp.) is an American...
FT reports that UK finance minister to squeeze public spending further in Spring Statement
Rachel Reeves is the UK's Chancellor of the Exchequer.The Financial Times reports that she will "squeeze public spending further in Spring Statement". Reeves is looking for further cuts to fill a deficit in the public financeswill trim proposed budgets for Whitehall...
New Zealand Q4 2024 Current account deficit larger than expected
New Zealand Q4 current account deficit data, NZD/USD not showing much response.Quarterly deficit was NZ$7.037 bn deficit of NZ$10.839 billion in the previous quarterStats NZ say the deficit is narrower than the previous quarter due to an increase in the value of...
ICYMI – Strategy software firm plans to raise up to US$500mn, will buy more Bitcoin
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,...
Central Chile M5.5 earthquake
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,...
Forexlive Americas FX news wrap 18 Mar: Putin/Trump ceasefire on energy/infrastructure
US Pres. Trump and Russian Pres. Trump met with hopes for a 30 day ceasefire as a prelude to a more lasting peace to follow. What was agreed was the idea of refraining from striking energy facilities for 30 days. Both leaders agreed to stay in contact and expressed...
Another analyst cuts target price for Tesla (TSLA)
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,...
Economic calendar in Asia Wednesday, March 19, 2025 – Bank of Japan Day!
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,...
ICYMI – Fitch says Germany’s AAA credit rating could face longer run pressure
On Tuesday the German parliament approved a significant borrowing increase to fund infrastructure and security spending while easing borrowing restrictions.Germany is expected to spend €900 billion - €1 trillion over the next ten years, over 20% of GDP. Fitch projects...
Trade ideas thread – Wednesday, 19 March, 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,...
US stocks cannot get out of the red today
The US stock indices all traded negative for the entire trading day. Trump and Putin call did not help. Nor did the Nvidia GTC conference. The market is having trouble getting off its back. The wall of worry includes tariffs and the Fed decision tomorrow. What will...
New Zealand consumer confidence weakened to 89.2 in Q1 2025, from 97.5 in Q4 2024
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,...
Zelensky: Talks about Ukraine without Ukraine will not bring about results
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,...
Trump: Agreed to immediate ceasefire on energy and infrastructure
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,...