Johnson and TrumpThere are two big things to watch this week:1) Trump's next tariffsTrump has promised 'reciprocal' tariffs on Tuesday or Wednesday but they won't go into effect immediately. It's not clear exactly what he's after here but the market reaction has been...
Warning: There is a January-effect in Wednesday’s CPI report
AI imageThe highlight of this week on the economic calendar is the January US CPI report. It will likely be a market mover and could change the narrative around the pace of Fed easing.Consensus estimates:CPI m/m +0.3%CPI y/y +2.9%Core CPI m/m +0.3%Core CPI y/y...
David Tepper put his money behind his mouth
Credit to David Tepper.Whenever someone goes on TV like he did in late September to pump stocks it raises some red flags. We are seeing some very dubious promotions in crypto lately and the stock market has a long history of the same.He went on CNBC on September 26...
Almost no one on Wall Street saw the gold rally coming (and 5 things to watch now)
Here is a telling chart from Scotia highlighting gold year-end targets from Wall Street for 2025-2027. It shows nearly no one at or above spot and the consensus way below the current price of $2905.As for Scotia, they highlight a handful of drivers and potential...
The buyers showed up on dips in AUDUSD today, but swing area resistance is doing its job.
The AUD/USD pair experienced a decline in early Asian Pacific trading as markets reacted to the looming threat of tariffs on steel and aluminum. The drop brought the pair close to the rising 200-hour moving average, which served as a critical support level. This is...
Israel’s Netanyahu to hold security cabinet meeting to discuss Hamas hostage release delay
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,...
France’s finance minister Lombard: Europe will answer to US tariff moves
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,...
European indices start the week with gains
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,...
Ukraine’s president Zelinskiy to meet US VP Vance before Munich security conference
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,...
USDCAD trades to a new low (higher CAD) despite threat of steel and aluminum tariffs
The USDCAD is trading to a new session low despite the threat of 25% tariffs on all steel and aluminum imports. Last week, Pres. Trump announced that they would impose a tariff of 25% on Mexico and Canada, but then gave a 30 day reprieve if they shored up the border....
ECB’s Lagarde: The conditions for a recovery remain in place
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,...
NY Fed Jan. survey of consumer expectations shows one year inflation 3.0% vs 3.0% last
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,...
New York Fed survey of inflation expectations to be released at the top of the hour
There is one more economic released today. The New York Fed survey of consumer expectations will be released at the top of the hour. Last month showed:Inflation Expectations:1-year horizon: Unchanged at 3.0%.3-year horizon: Increased to 3.0% (from 2.6%).5-year...
NASDAQ index up over 1%
The major US stock indices are higher. The Dow industrial average is the laggard with a gain of 0.26%. The broader S&P index is up 0.62%, and the NASDAQ index is up 1.15%.The economic calendar is like with the employment trends index the only release today. It...
Trump: No more penny production
Pres. Trump has ordered the stopping of penny production from the US Treasury. It is unsure whether or not the president has the authority to stop production, but citing the high cost of production and the DOGE initiative to cut costs, the order has been made. The...
USDCHF buyers made a play above a swing area earlier, but failed. What levels are in play?
USD/CHF buyers attempted to break above a key swing area earlier today, defined between 0.9108 and 0.9115, but failed to hold above this resistance zone. This swing area remains a critical technical level, and a decisive break above it would signal increased bullish...
US employment trends for January 108.35 versus 109.23 last month
With the US jobs report behind us, the employment trend index for January is now out: prior month 109.70 revised to 109.23Employment trends for January 108.35On Friday, nonfarm payrolls rose by 143K which was lower than the 170K estimate. The unemployment rate however...
Technology surges while Tesla stumbles: Navigating today’s mixed market
Stock heatmap by FinViz.com Mon, 10 Feb 2025 14:46:10 GMTTechnology surges while Tesla stumbles: Navigating today's mixed marketSector Overview: Tech Triumphs, Auto StrugglesToday's stock market heatmap reveals a robust performance in the technology sector, marked by...
US stocks shrug off the weekend tariff news. Look to open higher today.
The major US stock indices are struggling off the weekend US tariff news. Pres. Trump is looking to impose a 25% tariff on all aluminum and steel imports. He is looking to enact reciprocal tariffs on all countries by Tuesday or Wednesday. The markets are getting used...
EURUSD is off low but still bearish. USDJPY is below 100/200D MAs. GBPUSD bearish tilt
EURUSD: The EURUSD gapped marginally lower (in relation to the previous week) as tariff fear continue to increase inflation fears, However, prices rebounded higher only to find resistance sellers within a swing area between 1.0330 and 1.0343. The 38.2% retracement of...