The problem with a secret ballot is that it is as the name implies, a secret. That means as things stand, Merz wouldn’t even know who he has to talk to in order to turn the votes around unless those who opposed owns up to it. And let’s face it, that never happens in politics. […]
Dollar remains on the soft side today, although losses are so far limited. Currency market activity is subdued as traders remain cautious ahead of the upcoming FOMC rate decision. While no policy changes are expected from the Fed tomorrow, markets are watching closely for any forward guidance. Notably, expectations for a June rate cut have
The Japanese Yen attracts some intraday sellers on Tuesday, though the downside risk remains limited. Trade-related uncertainties and geopolitical risks continue to act as a tailwind for the safe-haven JPY. The divergent BoJ-Fed expectations further contribute to capping USD/JPY ahead of the FOMC meeting. The Japanese Yen (JPY) reverses an Asian session dip against its
China’s service sector grew at the slowest pace in seven months in April as disruptions to goods trade amid fresh tariffs negatively impacted new work of some service providers, survey data from S&P Global revealed Tuesday. The Caixin Services Purchasing Managers’ Index fell to 50.7 in April from 51.9 in March. The reading was forecast
Mixed market reactions across European indices European equity markets started the new week with mixed results. The Germany 40 (DAX 40) rose by over 1%, while the France 40 (CAC 40) fell by 0.6%. Meanwhile, London and the FTSE 100 enjoyed a long weekend due to the May Day public holiday. German political landscape shifts
European asset managers and pension funds are adding more currency hedges to their US equity portfolios following a breakdown of the so-called ‘dollar smile’. The greenback typically appreciates when US stocks are booming or under extreme stress. For foreign investors, the phenomenon – known as the dollar smile – offers a natural hedge against sharp
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, experience level, and risk tolerance. You could lose some or all your initial investment; do not
China’s Services Purchasing Managers’ Index (PMI) declined to 50.7 in April from 51.9 in March, the latest data published by Caixin showed on Tuesday. The data missed the market forecast of 51.7 in the reported period by a wide margin. AUD/USD reaction to China’s Services PMI The Chinese proxy, the Australian Dollar (AUD) remains deep
Australian March 2025 Building Permits -8.8% m/m expected -0.6%, prior -0.3% For the y/y +13.4% Also out were data for Australian Household Spending in March: -0.3% m/m, its slowest in 6 months +0.2% expected and +0.2% prior +3.5% y/y vs. expected 3.9%, prior 3.3% AUD/USD little changed, circa 0.6450 Later this year, ForexLive.com is evolving
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, experience level, and risk tolerance. You could lose some or all your initial investment; do not
EUR/JPY was seen around the 163.00 zone after retreating during Monday’s session. Broader bias stays bullish, with downside limited by upward-trending averages. Price holds above key supports, while resistance aligns with short-term recovery targets. The EUR/JPY pair slipped lower on Monday, falling toward the 163.00 zone as the session closed and ahead of the Asian
Yen strengthens as investors seek safety amid unconfirmed trade deal rumors between US and China. USD/JPY finds support at 20-day SMA; daily close above 144.00 needed to regain bullish traction. Break below 143.00 could expose 141.97 and the YTD low at 139.88. The USD/JPY dropped late during the North American session as investors seeking safety
I strongly suspect, the tone of the meeting and comments afterwards will be market moving for the loonie. I don’t think anyone is expecting any kind of deal or short-term changes in tariff rates. Also from Trump: China wants to make a deal very badly This article was written by Adam Button at www.forexlive.com. Source
EUR/USD trades near the 1.1300 zone after climbing modestly post-European session. Bullish structure remains supported despite mixed momentum signals. Upward-sloping trend indicators reinforce strength, with support levels holding below. The EUR/USD pair edged higher on Monday, trading around the 1.1300 zone following the European session. Price action stayed confined within the mid-range of the day’s
