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EUR/JPY scales higher for the fourth straight day amid the emergence of some JPY selling. The divergent BoJ-ECB policy expectations should keep a lid on the upside for the cross. Traders now look to ECB President Christine Lagarde’s speech for short-term opportunities. The EUR/JPY cross attracts follow-through buyers for the fourth straight day on Wednesday
The dollar is marginally higher on the day but the changes are relatively light overall. The euro is down slightly as Trump threatens tariffs but on the week itself, the single currency is holding up rather nicely. A case of Trump’s bark being more scary than his bite at the moment? That is one way
Investing.com – Most Asian currencies extended losses on Wednesday as investors remained cautious ahead of potential new U.S. tariffs under Donald Trump’s administration, while the Malaysian ringgit jumped on expectations that the central bank would maintain steady interest rates later in the day. The is expected to hold rates steady at 3.00% for the 10th
The Indian Rupee trades flat in Wednesday’s Asian session. Renewed USD demand and Trump’s tariff announcements might weigh on the INR. The routine RBI intervention and lower crude oil prices might cap the downside for local currency. The Indian Rupee (INR) flat lines on Wednesday. The persistent US Dollar (USD) buying from foreign portfolio investors
(Reuters) – The U.S. Securities and Exchange Commission’s new leadership said on Tuesday it had created a task force to develop a regulatory framework for crypto assets, in the first major move by President Donald Trump’s new administration to overhaul crypto policy. Trump, who campaigned on promises to be a “crypto president,” has pledged to
After a slow start, there has been steady buying in US equities today. That’s continued to session highs despite Treasury yields climbing off the lows. The S&P 500 is now up 0.8%. SPX daily Apple continues to be a laggard as it declines 4.3% (and is near a session low) as Chinese demand for iPhones
Oil prices are sliding due to a stronger US Dollar and concerns about the impact of trade policies on global growth. Aramco Chief Nasser expects oil demand to grow by 1.3 million barrels per day in 2025. Technical analysis suggests Brent Crude may have found support at the 200-day moving average. Most Read: USD Index
USD/JPY stable despite volatility after Trump announces possible 25% tariffs on neighboring countries. US Dollar Index (DXY) gains 0.29%, reaching 108.30, amid positive market sentiment. Focus on upcoming Bank of Japan meeting; potential for 25 basis point rate hike expected. The USD/JPY was virtually unchanged during the North American session on Tuesday, as traders assessed
Forex markets have settled into quieter trading as the immediate impact of US President Donald Trump’s inauguration and initial executive orders fades. While Trump’s proposed tariffs remain a significant concern, their delayed implementation suggests a more calculated and strategic approach, tied to future negotiations. This tempered stance has brought a sense of cautious optimism to
President Trump’s comments about potential tariffs on Canada and Mexico by February 1st caused increased market volatility and risk aversion. The US Dollar Index (DXY) experienced significant price swings due to uncertainty and shifting information. Tariffs are seen as potentially inflationary, which could reduce expectations of future rate cuts and support a stronger USD. The
By Samia Nakhoul and Marwa Rashad DAVOS, Switzerland (Reuters) – The vice president of Yemen’s U.N.-recognised government on Tuesday welcomed Donald Trump’s return as U.S. president, saying it was a decisive turning point to curb the Iran-backed Houthis, who he said threaten regional stability and maritime security. Aidarous al-Zubaidi told Reuters that Trump’s strong leadership
2025.01.21 2025.01.21 Gold Prices Boosted After Trump’s Inauguration. Forecast as of 21.01.2025 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The previous trade war spurred XAUUSD quotes. Today, gold has a significant competitive advantage in the form of geopolitical factors. This provides the precious metal with a resilience that allows it to withstand strong headwinds. Let’s discuss these topics and make
Canadian Dollar endured a rough ride, heavily influenced by US President Donald Trump’s tariff rhetoric. The Loonie initially gained some ground yesterday, as Dollar weakened broadly after Trump refrained from imposing immediate tariffs during his first day in office. However, optimism was short-lived as Trump warned of 25% tariffs on both Mexico and Canada starting
Trump’s administration did not give any guidance on tariff plans on Monday. Trump told reporters he was considering near-term tariffs on Canada and Mexico. Market participants are looking forward to Canada’s inflation data. The USD/CAD outlook shows a sudden shift in sentiment amid mixed signals on Trump’s tariff plans. The Canadian dollar rallied in the