UK car sales grew sharply in March from a year ago, marking its first increase in six months, data from the Society of Motor Manufacturers & Traders, or SMMT, showed Friday. Car registrations grew by 12.4 percent to 357,103 units in March, up from 317,786 units in the corresponding month last year. “This growth, in […]
Risk aversion deepened across global markets today as China unveiled a forceful response to the sweeping US tariffs announced earlier this week. Beijing will impose an additional 34% tariff on all US goods starting April 10, in a move that effectively escalates the trade war into a full-scale economic confrontation. China sent the signal that
Nonfarm Payrolls (NFP) in the US rose by 228,000 in March, the US Bureau of Labor Statistics (BLS) reported on Friday. This reading followed the 117,000 increase (revised from 151,000) recorded in February and surpassed the market expectation of 135,000 by a wide margin. Join us for our NFP Live Coverage here Other details of
The Japanese yen continues to sparkle on Friday. In the European session, USD/JPY is trading at 144.81, down 0.86% on the day. The yen is trading at its strongest level since September 2024 and is up 3.3% this week. /* Requesting advertisement by calling an endpoint assures that the advertisement is never cached together with
2025.04.04 2025.04.04 If I Invest $100 in Bitcoin Today: How Much Will It Be Worth in 2030? Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ Investing $100 in Bitcoin today is a straightforward and affordable way to delve into the realm of cryptocurrencies. As a prominent digital asset, Bitcoin has demonstrated considerable price volatility, capturing the interest of beginners and seasoned
Fundamental Overview The USD sold off hard almost across the board following Trump’s worse than expected tariffs announcement on Wednesday. The market reacted to the news by pricing in aggressively more rate cuts for the Fed in expectations of a bigger hit to the US economy compared to the rest of the world. At the
The USD/CAD outlook remains vulnerable after tariffs. US NFP and Canadian jobs data are due today. The Fed Chair’s speech is important to watch for monetary policy clues. The USD/CAD outlook remains deteriorated as the pair heads for a fourth consecutive losing day on Friday. The price is hovering around 1.4100 before hitting 4-month lows.
FX option expiries for Apr 4 NY cut at 10:00 Eastern Time via DTCC can be found below. EUR/USD: EUR amounts 1.1000 1.1b 1.1030 844m 1.1050 1.8b GBP/USD: GBP amounts USD/JPY: USD amounts USD/CHF: USD amounts AUD/USD: AUD amounts 0.6180 951m 0.6200 1.6b 0.6300 1.4b 0.6350 2.3b USD/CAD: USD amounts 1.3950 590m 1.4050 857m 1.4200 1.3b Source
There’s no relief in sight for the markets as risk aversion extends into Friday’s Asian session. Japan’s Nikkei is leading the losses once again, falling over -3% and cementing a near 10% weekly drop — the worst performance since early 2020. Singapore’s Strait Times Index has finally caught up with the global rout, slumping nearly
Philippine inflation weakened to the lowest level in nearly five years in March, giving room for the central bank to ease monetary policy further. Consumer price inflation weakened to 1.8 percent in March from 2.1 percent in February, data from the Philippine Statistics Authority showed Friday. This was the lowest rate since May 2020. Core
There are a couple to take note of on the day, as highlighted in bold. That said, I’ll begin with a big caveat in saying that the expiries board don’t matter all too much and won’t have much, if any, impact on days/weeks like these. It’s all market emotion and reaction to key headlines more
USD/CAD trades with negative bias for the fourth successive day amid the prevalent USD selling bias. Worries that Trump’s tariffs might trigger a US recession lift Fed rate cut bets and weigh on the buck. The overnight downfall in Crude Oil prices undermines the Loonie and lends some support to the major. Traders also seem
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
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
The average of household spending in Japan was down 0.5 percent on year in February, the Ministry of Internal Affairs and Communications said on Friday – standing at 290,511 yen. That beat forecasts for a decline of 0.9 percent following the 0.8 percent increase in January. Individually, spending was up for housing, fuel, medical care,
Republicans mulling the creation of a new tax bracket for those earning US$1 mn or more. talks have included a new top rate that would be around 39% to 40%. Sceptical of this one. This article was written by Eamonn Sheridan at www.forexlive.com. Source link
The Dow Jones is struggling to find its feet after steep overnight losses. US equities have taken a haircut after the Trump administration’s tariff announcements. Rate markets are now at loggerheads with growth and inflation realities. The Dow Jones Industrial Average (DJIA) bottomed out near the 40,800 level after taking a steep plunge during overnight
