The US Dollar kicked off the new trading week slightly on the defensive, managing to rebound from fresh multi-week lows amid tariff concerns, lower yields, and renewed jitters on the health of the US economy. Here is what you need to know on Tuesday, February 25: The US Dollar Index (DXY) dropped to new two-month […]
Germany is considering a EUR 200Billion in emergency defense spending to rebuild its military Germany is considering EUR 200 billion ($210 billion) in emergency defense spending to rebuild its military. Chancellor-in-waiting Friedrich Merz is in talks with the Social Democrats (SPD) to bypass borrowing restrictions. Plan to push a vote before March 24, before the
Volkan Benihasim has been named global head of foreign exchange, emerging markets rates and commodities at HSBC. Benihasim takes over from Richard Bibbey, who has relocated from Hong Kong to London to become global head of institution sales in the markets and securities services division. Benihasim was previously global head of FX cash and emerging
Gold is nearing the $3000/oz mark, potentially reaching it briefly before a pullback. Concerns about the stock market and a murky Fed outlook are driving investors towards gold. Key economic data releases this week include US GDP and PCE data. Most Read: Global Market Outlook 2025: Trends, Risks, and Opportunities for Traders Risk aversion persisted
The US Dollar steadies after an earlier wild ride as a flood of geopolitical news erupts this Monday. In Germany, the far-right AfD party is outpaced by the CDU. The US Dollar Index (DXY) has recovered a near 0.50% loss andd trades marginally higher at the time of writing. The US Dollar Index (DXY), which tracks
Euro’s brief post-election rally faded quickly, as investors welcomed CDU/CSU’s victory but remained cautious due to lingering uncertainties around coalition formation and fiscal policy. While a relatively centrist government comprising CDU and the Social Democrats would provide stability, challenges surrounding the “debt brake” reform and defense spending continue to cloud the outlook. A coalition with
The New Zealand dollar is showing little movement on Monday. NZD/USD is trading at 0.5745 in the European session, up 0.07% on the day. NZ retail sales hit 3-year high The week started on a high note in New Zealand, as retail sales jumped 0.9% q/q in the fourth quarter of 2024, after a revised
Fundamental Overview The S&P 500 sold off pretty aggressively on Friday following the weak US Flash Services PMI and later the Final UMich Consumer Sentiment survey where the long-term inflation expectations jumped to a new 30-year high. The bulk of the selloff came after the jump in the long-term inflation expectations. The market might be
Singapore’s consumer price inflation softened unexpectedly at the start of the year, data published by the Monetary Authority of Singapore and the Ministry of Trade and Industry showed on Monday. The consumer price index rose 1.2 percent on a yearly basis in January, slower than the 1.5 percent increase in December. Meanwhile, economists had expected
China COSCO Shipping Corporation Limited shares down 8% In response to Trump’s proposed fees on the use of China’s built commercial ships that transport traded goods, as well as mandates requiring a portion of US products to be moved on American vessels. This article was written by Eamonn Sheridan at www.forexlive.com. Source link
The Australian Dollar advanced as the Chinese government announced its annual policy statement for 2025 on Sunday. The AUD struggled as Trump instructed the Committee on Foreign Investment to limit Chinese investments in the US. The US Dollar struggles following the downbeat US economic data released last week. The Australian Dollar (AUD) retraces its recent losses
The total volume of overall retail sales in New Zealand was up a seasonally adjusted 0.9 percent on quarter in the fourth quarter of 2024, Statistics New Zealand said on Monday. That beat forecasts for an increase of 0.5 percent following the upwardly revised flat reading in the previous three months (originally -0.1 percent). The
EUR/USD edges higher to 1.0480 in Monday’s early Asian session, up 0.18% on the day. Germany’s conservatives won the election, AfD leaped to second place, exit polls showed. US February PMI data came in weaker than expected, weighing on the US Dollar. The EUR/USD pair attracts some buyers to near 1.0480 during the early Asian
🔹 Elon Musk Slams Government Standards Using AI-Generated Satire Elon Musk took to X (Twitter) to criticize government standards, using his AI tool Grok to generate a satirical response. He mocked the “low bar” of accountability, highlighting how minimal effort is considered sufficient in some government sectors. Musk’s frustration stems from what he sees as
An early-week note from ING on the German election outcome says there are “Complicated coalition negotiations ahead”. In summary, ING concludes that while coalition dynamics remain uncertain, fiscal policy will be shaped by trade-offs between tax relief, investment flexibility, and spending discipline. Markets will watch closely to see whether economic stagnation is tackled head-on—or whether
