South Korea’s producer price inflation accelerated for the second straight month in December to the highest level in five months, preliminary data published by the Bank of Korea showed on Tuesday. Producer prices increased 1.7 percent year-on-year in December, after a 1.4 percent rise in November. Further, this was the highest inflation rate since July, […]
GBP/USD falls to near 1.2300 as traders adopt caution ahead of Trump’s economic policies GBP/USD loses ground after registering more than 1% gains in the previous session, trading around 1.2300 during the Asian hours on Tuesday. The pair faced challenges as the US Dollar (USD) regained ground after recent losses in the previous session, supported
Does no-hedge strategy stack up for mag seven mavericks? – FX Markets End of drawer navigation content Skip to main content At Amazon, Meta and Tesla, the lack of FX hedging might raise eyebrows, but isn’t necessarily a losing technique The so-called magnificent seven – the seven largest US tech companies that famously make up
BEIJING (Reuters) – U.S. President Donald Trump has directed federal agencies to assess China’s performance under the Phase 1 trade deal that he signed with Beijing in 2020 during his first term at the White House. DETAILS OF 2020 DEAL The deal had required China to increase purchases of U.S. exports by $200 billion over
ANZ-Roy Morgan Australian Consumer Confidence weekly survey was out earlier, doing a bit of a catch up. Comes in at 85.8 prior 87.1 inflation expectations 5.2% (prior 5%) ANZ comment: positive impact of the new year appears to be waning the series is still up 1.9 points from the end of December *** Below 100
USD/CAD softens to around 1.4300 in Tuesday’s early Asian session. Trump did not impose tariffs on US trading partners on his first day in the White House. BoC’s latest Business Outlook Survey suggested that the overall economic sentiment remains subdued. The USD/CAD pair remains on the defensive around 1.4300 during the early Asian session on Tuesday, pressured
The British pound started the day with light gains but has soared in the North American session. GBP/USD is currently trading at 1.2290, up 1.06% on the day. US financial markets are closed for Martin Luther King Day and Donald Trump will be inaugurated as US president later today. Trump set to issue executive order
By Stefano Rebaudo (Reuters) -The dollar took a dive on Monday after U.S. President-elect Donald Trump was quoted as saying he will not impose trade tariffs straight after his inauguration, which is set to take place later in the session. Trump will issue a broad trade memo on Monday that stops short of imposing new
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Future Sales Expectations at +31% vs +13%: Improved outlook with stronger demand expected, boosted by interest rate cuts (highest since Q2 2021) More widespread plans to increase investment, well above historical average Recession expectations at 15% vs 16% Further easing in capacity constraints, labor shortages less intense Labor shortages among lowest in survey history (ie,
Dollar weakened broadly in early US session as reports from The Wall Street Journal indicated that Donald Trump, during his inauguration, will only outline his trade vision but avoid imposing new tariffs for now. While this temporarily calms market fears of immediate disruptions, the situation remains dynamic, and unexpected developments could trigger sharp reversals, especially
Gold prices found stability above $2700/oz after an initial drop. Historically, gold prices saw an initial two-day rally followed by a decline after Trump’s 2017 inauguration, driven by safe-haven demand and uncertainty. Technically, gold appears to be in a “wait and see” mode, with a bounce off the 2700 handle suggesting potential upside. Markets will
Investing.com – Sterling has struggled of late, weighed by concerns surrounding the UK’s financial position. UBS sees the potential for further losses near term, but thinks the fiscal concerns are undone and gains are likely later in the year. At 06:15 ET (11:15 GMT), rose 0.2% to $1.2201, but has dropped over 3% over the
New Zealand Dollar (NZD) is likely to trade sideways between 0.5560 and 0.5610. In the longer run, upward momentum has largely faded; NZD is expected to trade in a 0.5540/0.5650 range, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note. NZD to trade in a 0.5540/0.5650 range 24-HOUR VIEW: “Our view for NZD
Trump’s presidency might be bullish for the dollar. Trump’s tariffs will increase demand for locally produced goods. Traders expect the Bank of Japan to hike rates this week. The USD/JPY forecast shows indecision ahead of Trump’s inauguration speech. At the same time, market participants are gearing up for the Bank of Japan policy meeting. However,
