USD/CAD lacks firm intraday direction on Monday amid a combination of diverging factors. Fed rate cut bets and concerns about a slowing economy continue to weigh on the Greenback. Subdued Crude Oil prices undermine the Loonie and support the pair amid the risk-off mood. The USD/CAD pair struggles to capitalize on its modest bounce
The Australian Dollar gains ground in Monday’s Asian session. China’s NBS Manufacturing PMI rose to 50.5 in March; Non-Manufacturing PMI climbed to 50.8. The RBA interest rate decision and US ISM Manufacturing PMI will be the highlights on Tuesday. The Australian Dollar (AUD) recovers some lost ground on Monday, bolstered by the encouraging Chinese economic
China March official Manufacturing PMI 50.5, fastest in a year. expected 50.5 (I’ve also seen expected at 50.4) prior 50.4 production index 50.5, from 50 in February new order index 51.8, from 51.1 in February new export order index is stayed in contraction, at 49.0, for the 11th month – weakness in external demand Non-Manufacturing
Private sector credit in Australia was up 0.5 percent on month in February, the Reserve Bank of Australia said on Monday – steady from the January reading. On a yearly basis, credit was up 6.5 percent. Housing credit was up 0.4 percent on month and 5.6 percent on year, while personal credit rose 0.1 percent
AUD/USD softens to around 0.6280 in Monday’s early Asian session. Global trade concerns ahead of potential US tariffs weigh on the Aussie. US core inflation climbed 2.8% YoY in February, hotter than expected. The AUD/USD pair trades in negative territory near 0.6280 during the early Asian session on Monday. The Australian Dollar (AUD) weakens due
Trump is planning to travel to Saudi Arabia in mid-May. This’ll be his first foreign trip since returning to the White House. Info via Axios citing two US officials and a source with knowledge. This article was written by Eamonn Sheridan at www.forexlive.com. Source link
Japan’s Financial Services Agency (FSA) is planning to amend the Financial Instruments and Exchange Act to officially recognize crypto assets as financial products, according to the Nikkei business daily. As part of this change, crypto assets would be subject to insider trading rules, banning trades based on non-public information. The FSA is expected to present
The S&P500 (ES) slid nearly 2.5% Friday, closing just above the 2025 low formed mid March. Last week’s red weekly candle bearishly engulfed the prior green weekly candle, suggesting an end to the Bear Flag consolidation of the past 3 weeks. Odds are elevated for an extension of the Bear Flag this week to a fresh
Shortly after the election, markets were in a great mood and it’s easy to see why. You had a Republican sweep with the promise to extend current tax cuts and maybe even deliver more. Since then, the tough math on the US deficit has eroded some of that optimism and Congress hasn’t moved particularly quick.
While US investors managed to stay relatively composed through most of last week, the calm cracked heading into the weekend. Stocks saw extended selloffs, Treasury yields dropped, and Gold surged to yet another record high — all classic signs of a decisive flight to safety. With risk appetite now clearly under pressure, traders are no
I saw this from Nomura on Friday and am a wee bit slow to post it. here it is now. – With U.S.–China trade tensions expected to escalate following the Trump administration’s latest “America First” policy review, China’s measured response to new U.S. tariffs appears to be a calculated move, according to Nomura. In a
AUD/JPY was seen near the 94.30 zone on Friday ahead of the Asian session, retreating toward the lower end of its daily range. Despite mixed signals from oscillators, moving averages tilt the broader technical bias to the downside. Support lies near 94.00 and 93.88, while resistance is seen just above 94.40; indicators remain conflicted with
Elon Musk is combining X (formerly Twitter) and xAI (his AI company that’s known for Grok). The deal puts X under xAI with the transaction valuing X at $33 billion. That’s a 33% discount to the $44 billion he paid to take Twitter private, however with the debt component it might all wash out. There
Euro area consumers’ inflation expectations for the next 12 months and three years ahead were unchanged, while the uncertainty about the outlook for the one year ahead was the lowest in three years, survey data from the European Central Bank showed on Friday. Median expectations for inflation over the next 12 months were unchanged at
The upcoming week will focus on U.S. President Donald Trump’s plans for new tariffs. Alongside this, markets will also watch U.S. jobs data, an Australian central bank meeting, and a key eurozone inflation report. Asia Pacific Markets The main focus this week in the Asia Pacific region will be tariff developments even though we have
SPX daily chart It’s a tough one in the equity markets today with the S&P 500 now down 2% and the Nasdaq down 2.7%. Tariff angst is high ahead of Wednesday’s planned Trump tariffs. It’s very tough to estimate exactly what’s priced in for tariffs but if there is any room for de-escalation, the stock
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