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 […]
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 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
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
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
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
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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
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
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
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.
AUD/USD hovers above 0.6200, defending mild bids amid US tariff concerns and weak Chinese data. US PCE data showed no surprises, Fed remains cautious. RBA dovish bets continue to pressure the pair. The Australian Dollar clings to mild gains on Friday, trading around 0.6215 after briefly touching a two-week low. The pair remains under pressure
United States (US) Press Secretary Karoline Leavitt dashed investor hopes for a delay in tariffs on Friday, announcing from the White House’s press podium that President Donald Trump’s wide tariffs of 25% on Canada and Mexico, as well as 10% on China, would be taking effect on February 1. The announcement shattered earlier reports that
The USDCHF experienced a sharp decline on Monday, driven by a stock market tumble led by Nvidia and broad USD selling. The pair on Monday, found support at 0.8965, the 50% retracement level of the December 2024 rally, and rebounded sharply off of that key support hold. Midweek trading was volatile, with the price fluctuating
