USD/CAD struggles to gain any meaningful traction on Monday amid mixed cues. Fed rate cut bets prompt some USD selling and act as a headwind for the major. Softer Oil prices and Canadian politics undermine the Loonie and lend support. The USD/CAD pair kicks off the new week on a softer note amid the emergence […]
Malaysia is preparing to tighten its oversight of semiconductor exports, particularly shipments of high-end Nvidia AI chips, in response to U.S. pressure to prevent illicit flows to China. Trade Minister Zafrul Aziz said the U.S. has asked Malaysia to ensure chips only reach approved data centres, in line with Washington’s broader export controls aimed at
The manufacturing sector in Japan continued to contract in March, and at a faster pace, the latest survey from Jibun Bank revealed on Monday with a manufacturing PMI score of 48.3. That’s down from 49.0 in February, and it moved further beneath the boom-or-bust line of 50 that separates expansion from contraction. Though modest, the
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Summary: Analyzing both bullish and bearish Elliott Wave counts for the SP500 and NASDAQ. The focus is on treating current market lows as completed and identifying how and when to enter long trades. As the rally from the lows may still be either impulsive or corrective, a cautious and tactical approach is required on the
The manufacturing sector in Australia continued to expand in March, and at a faster pace, the latest survey from S&P Global revealed on Monday with a manufacturing PMI score of 52.6. That’s up from 50.4 in February, and it moves further above the boom-or-bust line of 50 that separates expansion from contraction. The survey also
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
This info comes via a Bloomberg piece (gated). In brief: Bank of America forecast AUD/USD to 0.68 be December 2025: Australian dollar gradual recovery seen from Q2 2025 driven by USD depreciation and then by China stimulus (lagged impact) in H2 2025 RBA higher terminal policy rate due to the stickiness of inflation also a
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
Mark Carney announced an April 28 election, as was widely reported last week. He went straight into campaign mode and proposed reducing the lowest income tax bracket by one percentage point. Polls between the Liberals and Conservatives are tight and that will make for an interesting five-week campaign. This article was written by Adam Button
UPCOMING EVENTS: Monday: Australia/Japan/EU/UK/US Flash PMIs. Tuesday: German IFO, US Consumer Confidence. Wednesday: Australia Monthly CPI, UK CPI, US Durable Goods Orders, BoC Minutes. Thursday: US Final Q4 GDP, US Jobless Claims. Friday: Tokyo CPI, BoJ Summary of Opinions, UK Retail Sales, French CPI, Canada GDP, US PCE, University of Michigan Consumer Sentiment (Final). Monday
Reuters carry the report on discussions between European central banking and supervisory officials questioning whether they can still rely on the U.S. Federal Reserve to provide dollar funding in times of market stress Reuters cite “six people familiar with the matter” sources told Reuters they consider it highly unlikely the Fed would not honour its
NVIDIA Stock Analysis: Quiet Strength Building Underneath the Surface Price Snapshot: NVIDIA stock recently closed around $117.86, holding just above the core price zone where most recent trading activity has been concentrated — around $117.57. This zone represents what professionals call a “fair value area” — a kind of balance point where buyers and sellers
The dominant trends that shaped Q1 in global markets appear to have run their course, with most major assets entering consolidation phase last week. US stocks staged a mild recovery from steep selloff since mid-February, but upside momentum was notably weak. Meanwhile, Dollar, which had been under pressure throughout March, appeared to find a near-term
A Reuters poll revealed that on March 27, Banco de Mexico (Banxico) is expected to cut interest rates by 50 bps amid the evolution of the disinflation process and an ongoing economic slowdown. Economists expect rates to get as low as 8.25% in 2025 Of 25 economists, 23 expect the central bank to lower borrowing
AUD/JPY was seen trading around the 93.70 zone, recording its third consecutive day of mild losses. Despite the negative streak, the pair continues to hold above the 20-day SMA, suggesting downside may be limited. Momentum indicators remain soft; RSI stays in negative territory while MACD shows flat green bars. On Friday’s session the AUD/JPY edged
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
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