Author name: The Forex Feed

Last week, major US retailers including Walmart, Target and Home Depot met with the White House. Shortly afterwards, the stock market turned around, leading to an extremely strong week in the S&P 500. Today, Hong Kong based Ming Pao (a reputable newspaper) reports from the Canton Fair, which is an import/export fair and reported that:

Reuters ECB sources report that a consensus is building for a June rate cut. At the moment the market is pricing in 71% chance of a cut but it looks like the ECB wants to bump that up, given that this report cites six sources. The report notes that data has been deteriorating but also

At the turn of the year, it looked like a certainty that Conservatives would form a large majority in this year’s Canadian election but Trump changed everything. His harsh tariffs on Canada and unceasing 51st state talk upended the focus on housing/immigration/culture and put it squarely on sovereignty. Conservative leader Pierre Poilievre struggled to strike

The markets were not all that giddy about the Time Magazine interview with Pres Trump. The article addressed several key international and economic issues. He expressed no or little concern about the bond market turmoil earlier in April, stating confidence in his economic direction. On foreign policy, he asserted that Crimea would remain with Russia

EURUSD technicals The EURUSD stretched higher in the US session, but after reaching a high price of 1.1388, and getting within four pips of its 200-hour moving average, buyers turned to sellers and have pushed the price back lower. The current price is trading at 1.13727 after reaching a post-high low price of 1.1364. Yesterday,

The upcoming week will be a busy one with a barrage of high impact data releases scheduled. There are also lingering concerns around tariffs which are unlikely to dissipate soon. President Trump said on Friday that he expects trade deals in the next three to four weeks which leaves the door open for further twists