Oil prices opened lower this morning with ICE Brent extending its declines from last week, hovering around $73.5/bbl. This weakness comes after Trump said he would consider ‘secondary tariffs’ on Russian oil and those who buy it if a ceasefire with Ukraine can’t be reached, ING’s commodity analysts Warren Patterson and Ewa Manthey note. Oil […]
The USD/JPY forecast indicates increasing panic over the global economy. The yen was on the front foot at the start of the week. Data showed that the US core PCE price index increased by a bigger-than-expected 0.4%. The USD/JPY forecast indicates increasing panic over the global economy as Trump’s April tariffs loom. As a result,
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
Typo in headline China’s manufacturing activity logged its fastest growth in a year in March as exports surged ahead of further tariff hikes, official survey data revealed on Monday. The factory PMI posted 50.5 in March compared to 50.2 in the prior month, the National Bureau of Statistics said. A score above 50.0 indicates expansion
Risk aversion erupted across Asian markets today, with Japan bearing the brunt of the selloff. Nikkei plummeted by nearly than -4%, marking its worst day in months and sending the index to its lowest level since September last year. The sharp move comes as traders scramble to reassess the impact of US President Donald Trump’s
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
USD/CAD lacks firm intraday direction on Monday amid a combination of diverging factors. Fed rate cut bets and concerns about a slowing economy continue to weigh on the Greenback. Subdued Crude Oil prices undermine the Loonie and support the pair amid the risk-off mood. The USD/CAD pair struggles to capitalize on its modest bounce
The Australian Dollar gains ground in Monday’s Asian session. China’s NBS Manufacturing PMI rose to 50.5 in March; Non-Manufacturing PMI climbed to 50.8. The RBA interest rate decision and US ISM Manufacturing PMI will be the highlights on Tuesday. The Australian Dollar (AUD) recovers some lost ground on Monday, bolstered by the encouraging Chinese economic
China March official Manufacturing PMI 50.5, fastest in a year. expected 50.5 (I’ve also seen expected at 50.4) prior 50.4 production index 50.5, from 50 in February new order index 51.8, from 51.1 in February new export order index is stayed in contraction, at 49.0, for the 11th month – weakness in external demand Non-Manufacturing
Private sector credit in Australia was up 0.5 percent on month in February, the Reserve Bank of Australia said on Monday – steady from the January reading. On a yearly basis, credit was up 6.5 percent. Housing credit was up 0.4 percent on month and 5.6 percent on year, while personal credit rose 0.1 percent
AUD/USD softens to around 0.6280 in Monday’s early Asian session. Global trade concerns ahead of potential US tariffs weigh on the Aussie. US core inflation climbed 2.8% YoY in February, hotter than expected. The AUD/USD pair trades in negative territory near 0.6280 during the early Asian session on Monday. The Australian Dollar (AUD) weakens due
Trump is planning to travel to Saudi Arabia in mid-May. This’ll be his first foreign trip since returning to the White House. Info via Axios citing two US officials and a source with knowledge. This article was written by Eamonn Sheridan at www.forexlive.com. Source link
Japan’s Financial Services Agency (FSA) is planning to amend the Financial Instruments and Exchange Act to officially recognize crypto assets as financial products, according to the Nikkei business daily. As part of this change, crypto assets would be subject to insider trading rules, banning trades based on non-public information. The FSA is expected to present
The S&P500 (ES) slid nearly 2.5% Friday, closing just above the 2025 low formed mid March. Last week’s red weekly candle bearishly engulfed the prior green weekly candle, suggesting an end to the Bear Flag consolidation of the past 3 weeks. Odds are elevated for an extension of the Bear Flag this week to a fresh
Shortly after the election, markets were in a great mood and it’s easy to see why. You had a Republican sweep with the promise to extend current tax cuts and maybe even deliver more. Since then, the tough math on the US deficit has eroded some of that optimism and Congress hasn’t moved particularly quick.
While US investors managed to stay relatively composed through most of last week, the calm cracked heading into the weekend. Stocks saw extended selloffs, Treasury yields dropped, and Gold surged to yet another record high — all classic signs of a decisive flight to safety. With risk appetite now clearly under pressure, traders are no
I saw this from Nomura on Friday and am a wee bit slow to post it. here it is now. – With U.S.–China trade tensions expected to escalate following the Trump administration’s latest “America First” policy review, China’s measured response to new U.S. tariffs appears to be a calculated move, according to Nomura. In a
