WSJ: Pres Trump and China Pres. Xi are not speaking today
According to the Wall Street Journal, Pres. Trump and China’s Xi will not be speaking today. This article was written by Greg Michalowski at www.forexlive.com. Source link
Uncategorized
U.S. Job Openings Pull Back Much More Than Expected In December
The Labor Department released a report on Tuesday showing job openings U.S. fell by much more than expected in the month of December. The report said job openings tumbled to 7.6 million in December after climbing to an upwardly revised 8.2 million in November. Economists had expected job openings to dip to 8.0 million from
Bank of America (BAC) Stock Forecast for 2025, 2026, 2027–2030, 2040 and Beyond
2025.02.04 2025.02.04 Bank of America (BAC) Stock Forecast for 2025, 2026, 2027–2030 and Beyond Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ Bank of America (BAC) holds a significant position in the stock market, serving as a barometer of the US banking sector’s performance. Representing one of the world’s largest financial institutions, Bank of America has always attracted investors due to
Markets Stay Calm, Await Clarity from Trump-Xi Call
Global markets remain stable as US session begins, with sentiment lifted by the delay of tariffs on Canada and Mexico. Nonetheless, investors remain cautious about ongoing tensions between the US and China, as Washington’s additional 10% tariffs on Chinese imports have taken effect. So far, there has been no scheduled phone call between US President
EUR/USD recovers strongly as Trump defers tariff plans for Canada and Mexico
EUR/USD rebounds sharply to near 1.0350 as US President Trump postpones his orders of tariffs on Canada and Mexico for 30 days. Trump’s intentions to impose tariffs on China remain intact. The ECB is expected to cut interest rates three times more this year. EUR/USD bounces back from the intraday low of 1.0270 and rebounds
New Zealand dollar eyes NZ employment
The New Zealand dollar is trading at 0.5608 in the European session, down 0.35% on the day. On Monday, NZD/USD fell as much as 1.2% but managed to recover most of these losses. New Zealand employment expected to decline New Zealand releases its employment report on a quarterly basis and we’ll get a look at
Corporates eye complex FX hedges as carry costs mount
Corporates eye complex FX hedges as carry costs mount – FX Markets End of drawer navigation content Skip to main content Leveraged forwards and options-based structures entice treasurers facing rates uncertainty and FX volatility The shake-em-up economic policies trailed by new US president and so-called “disruptor-in-chief” Donald Trump have left corporate treasurers on both sides
Technical analysis for USCrude, XAUUSD, and EURUSD today (04 February 2025)
2025.02.04 2025.02.04 Short-Term Analysis for Oil, Gold, and EURUSD for 04.02.2025 Alex Rodiоnovhttps://www.litefinance.org/blog/authors/alex-rodionov/ I welcome my fellow traders! I have made a price forecast for the USCrude, XAUUSD, and EURUSD using a combination of margin zones methodology and technical analysis. Based on the market analysis, I suggest entry signals for intraday traders. Gold continues to
USD/CAD Outlook: Tariff Relief Sparks Recovery in Loonie
The US and Canada agreed to pause the 25% tariff announced on Monday. A 10% tariff on Chinese goods took effect on Tuesday. Business activity in Canada’s manufacturing sector slowed in January. The USD/CAD outlook shows a sharp shift in sentiment that has boosted the Canadian dollar. A pause in Trump’s tariffs on Canada allowed
Markets Stabilize, But Trade Risks Persist as US Imposes China Tariffs, Beijing Strikes Back
Global markets found some stability after the US agreed to a 30-day delay on tariffs against Mexico and Canada following agreements on fentanyl trafficking and border security measures. However, trade tensions remain elevated as Washington proceeded with the additional 10% tariff on all Chinese imports. In response, China retaliated by imposing a 15% tariff on
China anti-monopoly regulator launches investigation into Google
There’s no details on the investigation as China’s anti-monopoly regulator just issues a statement that they will be launching a probe into Google “for suspected violation of the country’s anti-monopoly law”. In China, Google’s search engine itself is blocked/banned but the firm does work with some local partners on things like advertising in the country.
Australian Dollar maintains position, upside seems limited as China braces for US tariffs
The Australian Dollar could struggle as China is due to be hit with a 10% tariff later in the day. Traders monitor the development surrounding the tariff deal with China. Trump would suspend his tariffs after both countries agreed to send 10,000 soldiers to the US border to prevent drug trafficking. The Australian Dollar (AUD) rebounds
Trump is planning a US sovereign wealth fund
In brief: Trump signed an executive order to begin developing a U.S. government-owned investment fund. The fund could be used to profit from TikTok if an American buyer is found. TikTok has until early April to secure an approved partner or buyer. Trump wants the U.S. to take a 50% stake in TikTok. TikTok is
I like the idea of tariffs on most countries
United States (US) President Donald Trump hit the newswires with a wide swath of off-hand statements on Monday, ranging from the war in Ukraine, where President Trump expects ‘rare earth metals’ in exchange for obtaining a ceasefire with Russia. Donald Trump also noted that he remains “not happy” with the Panama situation, and reiterated that
EUR/USD slides on tariff turmoil, euro CPI rises
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