The dollar continues to find steadier footing on the week, with Trump’s latest tariff threats looking like he might just come down hard against many countries when we get to 1 August. In the bigger picture, the latest dollar gains isn’t too significant after having been battered down amid the policy incoherence and loss of […]
EUR/JPY gathers strength to around 171.65 in Friday’s early European session. The cross maintains a constructive view above the 100-day EMA, but the overbought RSI condition might cap its upside. The immediate resistance level is seen at 172.00; the initial support level is located at 170.00. The EUR/JPY cross gains ground to near 171.65 during the
Canadian Prime Minister Carney says that Canada has consistently protected its workers and businesses during ongoing trade talks with the US, and will maintain this approach as negotiations continue toward the August 1st deadline. He emphasizes Canada’s commitment to collaborating with the US on issues that benefit both nations’ safety and communities, while also indicating
European Central Bank Board member Piero Cipollone is speaking at 0730 US Eastern time/ 1130 GMT: on a panel at the Ukraine Recovery Conference topic ‘ Integration of the Ukrainian Financial Sector into the European Internal Market’ Seems very unlikely to include his thought on the economy or monetary policy. Which is not really what
The manufacturing sector in New Zealand continued to contract in June, albeit at a slower rate, the latest survey from BusinessNZ revealed on Friday with a Performance of Manufacturing Index score of 48.8. That’s up from the downwardly revised 47.4 in May (originally 47.5) and it remains beneath the boom-or-bust line of 50 that separates
The news: Trump letter 35% tariff on Canada. Trump has hit Canada very nard with a 35% tariff rate. Trump says will send tariff letters informing EU, Canada of the rates by Friday Trump’s letter to Canada – The Canada dollar has fallen sharply with Trump’s 35% tariff rate on the country The US dollar
The European Commission is preparing to propose a floating price cap on Russian oil as part of its 18th sanctions package, aiming to adjust the cap in line with global oil price changes. The new mechanism is being drafted after earlier proposals to lower the G7-imposed $60 per barrel cap to $45 met resistance from
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Elior Manier Market Analyst Elior brings over seven years of experience in financial markets to our analyst team. Since 2018, he has actively engaged in observing, charting, and trading, driven by his passion for mastering market dynamics. With a profound understanding of the geopolitical and macroeconomic forces that shape market movements, Elior focuses on analysing
Tariffs increase prices one time, central banks can look through that. Tariff effects not zero, but are not large either. Has been arguing a pretty restrictive policy rate can come down. Unemployment is around long run level. Reiterate case for why July rate cut could happen, says an easing would not be political. THANKS that
Most Read: S&P 500, Dow Jones Q3 Outlook: Tariffs, Tech, and Small Cap Concerns USD/CAD has been on a grind off late having finally broken out of a brief period of consolidation thanks in part to a moderate US Dollar recovery and stalling Oil prices. USD/CAD has however, failed to find acceptance above the 1.3700
Earlier today I was writing about why I don’t think the Federal Reserve will cut rates but Jamie Dimon is taking it a stel further saying there is a 40-50% chance the Fed will hike rates. He says: Tariffs are inflationary, it won’t come all at once US migration policies are inflationary Budget deficit is
Microsoft’s continued dominance in technology sector Key facts Price-to-earnings (P/E) ratio: 38.9 Dividend yield: 0.66% Five-year total return: 145% Five-year total return (annualised): 19.74% Microsoft’s robust performance continues to impress investors, with the stock trading at $503.51 and demonstrating remarkable resilience in challenging market conditions. The company’s diversified business model spans cloud computing, artificial intelligence (AI),
US mutual funds and exchange-traded funds went into April’s tariff turmoil holding the highest net long US dollar position in recent years. According to FX Markets’ Counterparty Radar data, mutual funds’ net long USD notional position, via foreign exchange forwards, stood at $455.7 billion by the end of the first quarter, the highest long USD position
Lithuania’s trade deficit increased in May from a year ago as exports fell amid an increase in imports, figures from the statistical office showed on Thursday. The trade deficit rose to EUR 584.4 in May from EUR 324.6 million in the corresponding month last year. In April, the shortfall was EUR 578 million. Exports declined
The euro continues to have a quiet week and is drifting for a third consecutive day. In the European session, EUR/USD is trading at 1.1730, up 0.09% on the day. German inflation dips to 2% as food, energy prices fall German inflation rose 2.0% y/y in June, in line with the consensus and a drop
Institutional adoption drives Bitcoin’s meteoric rise The cryptocurrency’s ascent to a new record high around the $112,000.00 mark is attributed to a confluence of factors, including heightened institutional interest, favourable macroeconomic conditions, and supportive regulatory developments. A primary driver behind Bitcoin’s recent surge is the substantial inflow into Bitcoin-focused exchange-traded funds (ETFs). Over the past week,
