Australia will not impose reciprocal tariffs on the United States after Trump proceeded with 25% tariffs on all imported steel and aluminium, Prime Minister Anthony Albanese confirmed on Wednesday. Calling the decision “entirely unjustified”, Albanese argued that...
PBOC sets USD/ CNY reference rate for today at 7.1696 (vs. estimate at 7.2324)
The People's Bank of China (PBOC), China's central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate within a certain...
Canada’s energy minister says will respond quickly if tariffs come into play
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,...
BMO: February CPI Data Key for Fed’s Inflation Outlook and Rate Cut Prospects
BMO analysts on the CPI data due on 12 March 2025 at 0830 US Eastern time.Analysts at BMO argue that Wednesday’s Consumer Price Index (CPI) report will be a crucial gauge for the Federal Reserve’s path to 2.0% inflation, providing essential input for February’s core...
USD/JPY knocking on resistance
I slapped on a horizontal line, its around 148.18 as you can see in the screenshot (white dashed line), I based the line entirely on my eyeball .... I have no doubt that better t/a folks than me will see something I haven't, but here it is - some resistance for...
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PBOC is expected to set the USD/CNY reference rate at 7.2324 – Reuters estimate
People's Bank of China USD/CNY reference rate is due around 0115 GMT.The People's Bank of China (PBOC), China's central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate...
Bank of Japan Governor Ueda says higher long term rates reflecting market views on economy
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,...
Financial Times – Toyota considers exporting from UK to US to ease impact of Trump tariffs
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,...
Japan data – February PPI flat at 0% change m/m (expected -0.1%) & +4% y/y (expected 4%)
The PPI data comes from the Bank of Japan. Producer Price Index (YoY) (Feb) 4.0%expected 4.0%, prior 4.2% Producer Price Index (MoM) (Feb) 0.0%expected -0.1%, prior 0.3%On balance this is lightly higher than expected, but there isn;t much in it. A zero m/m change is...
Canada warns of oil export restrictions as trade tensions with U.S. rise
Canada may impose non-tariff measures, including restrictions on oil exports to the United States, if trade tensions with Washington escalate further, Energy Minister Jonathan Wilkinson said Tuesday at CERAWeek. As the largest oil supplier to the U.S., Canada ships...
Japan’s Major Firms to Offer Strong Wage Hikes for Third Year
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,...
UBS downgrades China’s tech sector, citing rally-driven revaluation and tariff risks
UBS has lowered its rating on China’s technology sector from Attractive to Neutral, following a strong year-to-date gain of 32%.In a note to clients, the bank attributed the sector’s rally to growing enthusiasm around China’s recent advancements in artificial...
Deutsche Bank not so bearish US equites: Market selloff lacks hallmarks of deeper downturn
Despite the recent slide in U.S. equities, Deutsche Bank analysts contend that the decline is not a harbinger of either a broad corporate slowdown or an impending recession.In a note to clients on Tuesday, DB acknowledged that market weakness may unnerve executives...
New Zealand February retail sales data +0.3% m/m and -4.2% y/y
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,...
Yemen’s Houthi terrorists say they’ll resume attacks on Israeli ships immediately
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US House of Reps has passed the spending bill to avert government shut down. On to Senate.
This is the stop gap funding bill that would keep the US government open through until September. The lower house of Congress has passed it, now it goes to the Senate for a vote. In the Senate, the bill will need the support of at least seven Democrats to overcome the...
Trump says he may push tariffs even higher than 25%
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Forexlive Americas FX news wrap 11 Mar: Tariff “whack-a-mole” sends markets up and down
Another day. Another North American session full of tariff related headlines. The day began with President Trump imposing a 25% tariff on Canadian steel and aluminum imports, set to take effect tomorrow. This was in response to an electricity surcharge announced by...
Marko Kolanovic says S&P 500 can dip into the 4000s in the case of a Trump recession
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,...