Global markets kicked off February under heavy strain as US President Donald Trump’s long-anticipated tariffs on Canada, Mexico, and China came into full effect. Investor sentiment turned sharply negative, with Japan’s Nikkei tumbling over 1,000 points in response. Dollar opened the week with a strong gap higher and maintained solid gains throughout Asian session. Commodity-linked […]
Executive order on Canada/Mexico/China come into effect on Feb 4 New Canada tariffs don’t apply to goods loaded onto vessels or in transit before Feb 4 Can remove new Canada tariffs if enough steps taken to reduce health crisis Canada is promising to announce retaliation later today after he speaks with Mexico’s President (whom we
CTV reports that Canada was notified earlier today that the US will place 25% tariffs on Canada and Mexico while China will be hit with 10% tariffs. Canadian energy will be tariffed at 10%. The tariffs will take effect on Tuesday and will stay in place until the fentanyl overdose “issue is sorted”. Canada’s cabinet
UPCOMING EVENTS: Monday: BoJ Summary of Opinions, Australia Retail Sales, China Caixin Manufacturing PMI, Switzerland Manufacturing PMI, Eurozone Flash CPI, Canada Manufacturing PMI, US ISM Manufacturing PMI. Tuesday: US Job Openings, New Zealand Employment report. Wednesday: Japan Average Cash Earnings, China Caixin Services PMI, Eurozone PPI, US ADP, Canada Services PMI, US ISM Services PMI.
AUD/USD hovers above 0.6200, defending mild bids amid US tariff concerns and weak Chinese data. US PCE data showed no surprises, Fed remains cautious. RBA dovish bets continue to pressure the pair. The Australian Dollar clings to mild gains on Friday, trading around 0.6215 after briefly touching a two-week low. The pair remains under pressure
United States (US) Press Secretary Karoline Leavitt dashed investor hopes for a delay in tariffs on Friday, announcing from the White House’s press podium that President Donald Trump’s wide tariffs of 25% on Canada and Mexico, as well as 10% on China, would be taking effect on February 1. The announcement shattered earlier reports that
The USDCHF experienced a sharp decline on Monday, driven by a stock market tumble led by Nvidia and broad USD selling. The pair on Monday, found support at 0.8965, the 50% retracement level of the December 2024 rally, and rebounded sharply off of that key support hold. Midweek trading was volatile, with the price fluctuating
2025.01.31 2025.01.31 Forex Options Trading Explained Alan Tsagaraevhttps://www.litefinance.org/blog/authors/alan-tsagaraev/ Derivatives are a common trading instrument, and traders often choose futures or CFDs on Forex pairs. However, Forex options trading represents probably the most effective and profitable instrument. The popularity of this derivative has grown significantly, largely due to the rapid expansion of binary options trading. Owing
The Canadian dollar is steady on Friday. In the North American session, USD/CAD is trading at 1.4523, up 0.23% on the day. The week wrapped up with Canada’s GDP, a report card on the strength of the economy. The November reading of -0.2% was a disappointment. This marked the first contraction of the year. There
Forex markets remain largely subdued today, with Canadian Dollar being the exception as volatility rises ahead of the implementation of US tariffs tomorrow. Canada is reportedly well prepared to respond with retaliatory measures on US imports worth up to CAD 150B. This comes at a time when Canada’s economy is already under pressure, with November’s
EUR/USD declines to near 1.0370 as inflation in six states of Germany decelerates in January. Donald Trump threatens to impose 100% tariffs on BRICS and 25% on Mexico and Canada. The Fed kept interest rates at their current levels on Wednesday. EUR/USD faces selling pressure and declines to near 1.0370 in Friday’s European session. The major
Trump emphasized his plans to impose tariffs on Canada and Mexico. The US economy grew by 2.3%, compared to estimates of 2.7%. The yen is set to end the week with an over 1.5% gain. The USD/JPY price analysis indicates an increasing likelihood of a 25% US tariff on goods from Mexico and Canada, supporting
Bitcoin’s price surges past $105k, driven by a weaker US dollar and growing institutional interest. Several US states are considering adopting Bitcoin reserves, further enhancing Bitcoin’s appeal. Grayscale launches a Bitcoin Miners ETF. On-chain analysis suggests potential for further price appreciation. Most Read: US Dollar Index (DXY) Analysis: Hawkish FOMC Pause, Trump’s Fed Criticism, and
