UPCOMING EVENTS:Monday: NYFed Inflation Expectations.Tuesday: US NFIB Small Business Optimism Index, Fed Chair Powell Testimony.Wednesday: US CPI, Fed Chair Powell Testimony, BoC Meeting Minutes.Thursday: Japan PPI, UK GDP, Switzerland CPI, US PPI, US Jobless Claims,...
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Forexlive Americas FX news wrap 7 Feb: US jobs remains solid.Inflation expectations rise
It was Jobs Friday in North America with both the US and Canada releasing there January employment reports. For the US, the January non farm jobs for the month came in weaker than expected, with non-farm payrolls increasing by 143K compared to the 170K expected....
Major US stock indices close sharply lower.
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For the trading week, the USD is ending mostly lower.
The USD moved sharply higher at the start of the week on the Canada and Mexico tariff news. Those tariffs got a reprieve and the USD moved lower. Today, the greenback was mixed after the jobs report and the Michigan consumer sentiment but for the week, the greenback...
US consumer credit for December $40.85B vs $12.35B estimate
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Details of the Joint statement from Pres. Trump and Japan PM Ishiba
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Crude oil futures settled at $71 a barrel
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Trump: Japan to double defense spending by 2027. US committed to the defense of Japan
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Watch live: Trump holds a press conference with Ishida
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Trump is considering allowing Nippon Steel to acquire US Steel – report
Joe Biden rejecting the Nippon Steel bid for US Steel based on 'national security' concerns marks one of the low points of his Presidency.It was a non-sensical decision at the same time as the administration was paying foreign companies to build and own chip fabs in...
Ukraine Zelenskiy to Trump: “Let’s do a deal” but stresses the need for secuity guarantees
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Reuters: Canada PM Trudeau says Pres Trump talk about absorbing Canada is real
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More from Fed’s Kugler: Stable labor market gives the Fed time to make decisions
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Other comments from Trump: Want to talk to Putin (and Zelenskiy too)
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EU to offer lower tariffs on US car imports in effort to make a deal with Trump
AI image Bernd Lange, who heads the trade committee in the European parliament spoke with the Financial Times and said the bloc was willing to lower its 10% import tax on cars "closer" to the 2.5% charged by the US in an effort to avoid a trade war. “We can try to...
Trump: We do want to work on the deficit with Japan. Want to get it down to even
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,...
A best guess on what’s really happening with the Trump reciprocal tariff headlines
Reuters tossed a hand grenade into markets today with a report that Trump could announce reciprocal tariffs as soon as today. Let's sort this out....The US has low tariffs rates and most other countries have higher rates. The idea is that the US would put tariffs on...
NZDUSD corrects lower into a cluster of technical levels including 100/200 hour MAs
The NZD/USD fell sharply on Monday, reaching its lowest level since October 2022, following tariff news. However, the pair rebounded after tariffs on Mexico and Canada were delayed by 30 days. The price spiked higher, retraced into a key swing area between 0.5581 and...