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
USD/CHF plunges to the 0.8600 zone, hitting its lowest level since October 2024. US tariffs trigger global portfolio adjustments, intensifying bearish pressure on the Greenback. Technical indicators flag oversold conditions; a near-term correction may follow. During Thursday’s session, the USD/CHF pair suffered a sharp decline, tumbling toward the 0.8600 region and marking its weakest levels
Minutes of the March policy session of the European Central Bank showed that rate-setters were worried about the impact of the looming trade tariffs and the high uncertainty on the Eurozone economic growth. “Looking ahead, the point was made that the likely shocks on the horizon, including from escalating trade tensions, and uncertainty more generally,
Kenneth Fisher Market Analyst A highly experienced financial market analyst with a focus on fundamental analysis, Kenneth Fisher’s daily commentary covers a broad range of markets including forex, equities and commodities. His work has been published in several major online financial publications including Investing.com, Seeking Alpha and FXStreet. Based in Israel, Kenny has been a
The Fitch Ratings agency downgraded its expectations for United States (US) Gross Domestic Product (GDP) growth in 2025 on Thursday, specifically highlighting that the Trump administration’s “Liberation Day” tariff announcement poses a direct risk to US economic health. Key highlights Liberation Day takes US tariff rates back to a level last seen in 1909. US growth in
AI image The Fed is in a tough spot. If these tariffs last, it could lead to 5% inflation in the US this year. Now many would argue that’s a temporary shock that policymakers would look thorough but that harkens back to the the ‘Team Temporary’ talk that is a stain on Powell’s legacy. The
