Author: FX
New Zealand has pencilled in 7 November 2026 for the election, extending the campaign runway while the formal legal timetable remains much shorter. Summary:Luxon set New Zealand’s election for Saturday, 7 November 2026. The long lead time reflects early announcement convention, not a long legal notice period. Formal election machinery begins later; writ must be issued within 7 days of dissolution/expiry. PREFU timing is legally tied to election day (20–30 working days prior). Markets get clarity, but a longer “campaign lens” now applies to policy.New Zealand Prime Minister Christopher Luxon has set the country’s next general election for Saturday, 7…
The U.K. labor market showed further signs of deterioration in the latest employment report, with the unemployment rate climbing to 5.1% for the three months to November while wage growth slowed to its weakest pace in over three years. The Office for National Statistics reported that payrolled employees fell by 43,000 in December—the steepest monthly decline since November 2020—while average earnings excluding bonuses decelerated to 4.5% from 4.6% in the previous quarter. Key Takeaways Unemployment rate held at 5.1% for the three months ending November 2025, matching October’s four-year high and slightly above the 5.0% market forecast Payrolled employees decreased…
US equities sold off sharply on Tuesday as geopolitical risk surged after President Donald Trump escalated rhetoric around acquiring Greenland, including new tariff threats against close US allies. Markets reacted swiftly to the prospect of a renewed trade conflict, with investors reducing exposure to US assets amid concerns that tariffs are being used as a political tool rather than a purely economic one. Treasury yields jumped, the US Dollar (USD) weakened around 1%, and volatility spiked as risk sentiment deteriorated.Frontline indexes decline, market withers on Greenland turmoilThe Dow Jones Industrial Average (DJIA) fell 1.4%, while the S&P 500 and Nasdaq…
FTC will appeal ruling in Meta antitrust case over Instagram, WhatsApp deals Source link
Shares of Nvidia are down 3.8% as the Nasdaq falls to the lows of the day. The index is down nearly 2% as some of its largest members come under pressure:AVGO -5.1%AMZN -3.3%TSLA -3.0%META -2.3%GOOG -1.7%Some of the selling is in anticipation of Trump’s press conference today. It’s running late but the fear is that he will say something inflammatory. The comments from some quarters in Europe also suggest that they’re willing to draw a line, including fighting back on tariffs. That can all change quickly but there is some angst out there.It would be unfair to put it all…
USD/JPY trades around 157.90 on Tuesday at the time of writing, down 0.10% on the day, as the US Dollar (USD) comes under renewed pressure from political and trade-related headwinds. The pair retreats, weighed down by broad-based weakness in the Greenback against major currencies.The decline in the US Dollar is driven by escalating tensions between the United States (US) and the European Union (EU) over Greenland’s sovereignty. Repeated tariff threats from US President Donald Trump against several European countries and the United Kingdom (UK) have fueled uncertainty over the future of transatlantic relations. This backdrop weighs on demand for US…
Here is what I wrote at the start of the year:The number one risk I see in the foreign exchange market in 2026 is Japan. The yen has been struggling for the past six months and it’s close to a boiling point in Tokyo. There were some stronger warnings about FX intervention late in December. Japan is the most-indebted major economy in the world and the demographics are terrible. The US is leaving a lot of uncertainty around its alliance with Japan and China is eating its lunch in manufacturing. There is something of ‘boy who cried wolf’ situation around…
Gold (XAU/USD) hits yet another record high on Tuesday, climbing above the $4,700 psychological mark as rising geopolitical tensions drive strong safe-haven demand. At the time of writing, XAU/USD trades around $4,730, up nearly 1.25% for the day.Market sentiment remains fragile as renewed US-EU trade tensions dominate headlines. Over the weekend, US President Donald Trump threatened fresh tariffs on eight European nations over the Greenland issue.European leaders sharply criticized the move and warned that countermeasures are being prepared if the tariffs are implemented.The developments have revived fears of a broader transatlantic trade war. The risk-off mood is weighing on global…
iQIYI (IQ) has announced that Jun Wang has resigned from his position as chief financial officer, effective today, due to personal reasons Concurrently, Ying Zeng, senior vice president of finance, has been appointed as the interim chief financial officer of the company. Source link
What Trump is threatening on Greenland is very different than the other trade dealsThe worst thing other countries can do is to escalate trade tensions against the USWe’ll see a strong economy this yearUS to have real GDP growth of around 4% to 5%Fed chair announcement could be as early as next weekThere are four candidates for the Fed chair presentlyThey look to be doubling down on the rhetoric here and it remains to be seen if they will be open to any talks on the sidelines in Davos. Trump earlier posted about a text message sent by French president…