United States (US) President Donald Trump will address Congress from the US Capitol at around 02:00 GMT Wednesday, marking his first appearance before lawmakers since retaking the White House. He’s expected to outline his vision for a wide range of domestic and foreign policy initiatives. In his second term, President Trump has wasted no time
Dollar fell broadly today, an unusual development in contrast to recent rallies on escalating trade tensions and tariff announcements. Market sentiment soured as traders began to weigh the risks of a “Trumpcession,” a new term coined to describe the potential for US President Donald Trump’s policies to drive the economy into contraction or a full-blown
Fundamental Overview The USD is losing ground against the major currencies as the market continues to price in more easing by the end of the year. The market is now expecting three rate cuts by the end of the year which is in stark contrast to just one seen a couple of weeks ago. The
2025.03.04 2025.03.04 Tezos (XTZ) Price Forecast for 2025, 2026, 2027–2030 and Beyond Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ Tezos is an innovative blockchain project launched in 2018. The XTZ token has garnered significant interest from investors owing to its distinctive attributes, such as the Liquid Proof-of-Stake (LPoS) mechanism and the on-chain governance system. Besides, the platform is extensively utilized
The USD/CAD outlook shows widening fears of trade wars. Trump’s 25% tariff on imports from Canada and Mexico took effect Tuesday. The US president imposed an additional 10% tariff on Chinese goods. The USD/CAD outlook shows widening fears of trade wars after Trump implemented tariffs on China, Canada and Mexico. The fears have pushed traders
Banks, the buy side and brokers are increasingly adopting automation from the beginning to the end of trading workflows, to optimise execution speed and efficiency. This evolution has been particularly evident in foreign exchange trading, where algorithmic decision-making has become more prevalent across desks, driven by the need to respond instantly to market data shifts.
Japan’s consumer sentiment decreased unexpectedly in February to the lowest level in almost two years, survey data from the Cabinet Office showed on Tuesday. The seasonally adjusted consumer confidence index weakened to 35.0 in February from 35.2 in January. Meanwhile, economists had forecast the index to rise to 35.7. Further, the latest reading was the
Japanese Prime Minister (PM) Shigeru Ishiba said on Tuesday that “Japan is not pursuing so-called currency devaluation policy.” Ishiba further noted that they “have had no phone call from US President Trump regarding forex policy.” Market reaction The Japanese Yen (JPY) is recovering some ground against the US Dollar (USD) following these comments. At the
Commonwealth Bank of Australia (CBA) CEO Matt Comyn Australia’s easing cycle would be “slower and shallower” than what people had been expecting further rate cuts would not arrive until later in the year Australia “clearly not out of the woods” when it came to inflation further rate cuts would “hinge on [economic] data points”. ***
Bitcoin’s (BTC/USD) price experienced significant volatility, dropping to $78k before rising to $95,000 due to Trump’s cryptocurrency reserve comments, then settling around $86k. Open interest for Bitcoin is at a six-month low, which historically has preceded price jumps. Spot Bitcoin ETF flows saw a $94.3 million investment on the last day of February, ending a
XAU/USD climbs to $2,888 as markets brace for tariffs, weaker US growth Gold snaps a two-day losing streak as risk-off sentiment drives safe-haven flows. Trump’s tariff threats, clash with Zelenskyy fuel market uncertainty. Atlanta Fed GDP Now forecast plunges to -2.8%, boosts Gold’s appeal. Gold price is rallying over 1% on Monday, snapping two days
A reading bhe ANZ-Roy Morgan Australian Consumer Confidence index has dropped back to 87.7 from 89.8 in the previous week, which was its highest since May 2022 A reading below 100 indicates net pessimist, where this survey has been since early 2022. This article was written by Eamonn Sheridan at www.forexlive.com. Source link
Published: March 3, 2025 at 5:02 p.m. ET U.S. stocks endured another serious setback on Monday as what one trader described as a tariff “tape bomb” from President Donald Trump caused the S&P 500 to tally its biggest daily drop in months. After a rocky month that saw the Nasdaq Composite COMP fall sharply from its
DXY erases Friday’s gains, slipping as European leaders back Ukraine peace deal guarantees. US Manufacturing PMI beats estimates, while ISM Manufacturing PMI misses expectations. Bond yields edge lower, reinforcing expectations of Fed rate cuts later in 2025. Technical indicators suggest further downside as key moving averages converge near 107.00. The US Dollar Index (DXY), which
The Australian dollar has posted strong gains to start the week. AUD/USD is trading at 0.6203 in the North American session, up 0.71% on the day. The Aussie has ended a nasty six-day losing streak, during which it declined 3% against the US dollar. Will Australian retail sales rebound? Australia releases retail sales on Tuesday,
Even aside from the possible front-running of the announcement, I’ve seldom seen such a universally skeptical response to an announcement from Trump as Sunday’s crypto reserve. Trump later added bitcoin, ethereum and ‘other valuable cryptocurrencies’. Naturally, the named coins ripped higher immediately. But if you read between the lines, it’s not clear exactly what has
