Apple escaped tariffs last time. This time, it may have to raise prices.
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Trump is planning a US sovereign wealth fund
In brief: Trump signed an executive order to begin developing a U.S. government-owned investment fund. The fund could be used to profit from TikTok if an American buyer is found. TikTok has until early April to secure an approved partner or buyer. Trump wants the U.S. to take a 50% stake in TikTok. TikTok is
I like the idea of tariffs on most countries
United States (US) President Donald Trump hit the newswires with a wide swath of off-hand statements on Monday, ranging from the war in Ukraine, where President Trump expects ‘rare earth metals’ in exchange for obtaining a ceasefire with Russia. Donald Trump also noted that he remains “not happy” with the Panama situation, and reiterated that
EUR/USD slides on tariff turmoil, euro CPI rises
The euro has weakened at the start of the new week. EUR/USD slumped over the weekend and dropped as low as 1.0141, its lowest level since Nov. 2022. The euro has recovered somewhat on Monday and is trading at 1.0277 in the North American session. Still, the euro has dropped 0.76% since Friday’s close. US
US-Canada Talks Offer Hope, But Risk Aversion Keeps Yen in Demand
After a burst of volatility earlier in the session, currency markets are taking a breather as traders reassess the evolving US tariff situation. Comments from White House National Economic Council Director Kevin Hassett helped cool tensions when he clarified that, “This is not a trade war, this is a drug war,” directing the focus toward
Deutsche Bank hires JP Morgan’s James to run AutobahnFX
Deutsche Bank has appointed Richard James from JP Morgan to run its foreign exchange single-dealer platform, AutobahnFX. James will be responsible for the growth and distribution of the bank’s electronic FX client offering for cash and derivatives, as well as algorithmic execution on the platform. He will be based in London and report to Ollie
Bullish Harami Candlestick Pattern: Formation and Strategies
2025.02.03 2025.02.03 How to Trade Bullish Harami Candles Alan Tsagaraevhttps://www.litefinance.org/blog/authors/alan-tsagaraev/ A Bullish Harami pattern is a highly recognizable market reversal signal that experienced traders use to spot potential changes in trend direction. The word harami comes from an old Japanese word はらみ, which means pregnant, as the pattern visually resembles a pregnant woman. The pattern
Investors Turn to Safe-Haven Yen. Forecast as of 03.02.2025
2025.02.03 2025.02.03 Investors Turn to Safe-Haven Yen. Forecast as of 03.02.2025 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ In contrast to the volatile performance of the Mexican peso, Canadian dollar, and Chinese yuan, the Japanese yen demonstrated resilience in the face of US tariffs. The Japanese yen’s status as a safe-haven asset supported USDJPY bears. Let’s discuss this topic and make
USD/CAD Outlook: Loonie Sinks to 2003 Lows on Trum Tariff
US President Donald Trump announced the start of tariffs on Canada. Trump’s tariffs will pressure the Bank of Canada to cut interest rates. Canada’s economy contracted by 0.2%. The USD/CAD outlook indicates a looming trade war between the US and Canada after Trump implemented a 25% tariff on Canadian goods. At the same time, Canada’s
European indices marked lower at the open as Trump tariffs weigh on the market mood
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
Trade War 2.0 Shakes Global Markets as Dollar Rallies
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
Trump: Tariffs on Canada can be removed if 'enough steps' taken to reduce health crisis
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
Trump expected to sign tariff order soon
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
Weekly Market Outlook (03-07 February)
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.