Author: FX
Politico reports:The Trump administration is weighing new tactics to drive regime change in Cuba, including imposing a total blockade on oil imports to the Caribbean country, three people familiar with the plan said Thursday.American built up a lot of force in the Caribbean for Venezuela, maybe they redirect it to Cuba, or maybe that was the plan all along.Marco Rubio is said to be leading the push. His parents were born in Cuba but came to the US three years before the revolution. Other members of the family fled as refugees afterwards.A blockade is a brutal escalation and an act…
The US Dollar (USD) ended the week near a four-month low of around 97.80, maintaining a weak tone amid risk aversion in financial markets. Concerns escalated after US President Donald Trump threatened to impose 10% tariffs on eight European countries, which would increase over time unless Denmark agrees to sell Greenland to the US. Tensions remained high until Trump, along with NATO Secretary General Mark Rutte, announced a framework for a future deal regarding Greenland on Wednesday.In addition, the US released updated data on its Gross Domestic Product (GDP) for the third quarter (Q3), revising the annualized growth rate for…
USD/JPY plunges over 300 pips on Friday amid a suspected Japan Ministry of Finance (MoF) ‘rate check’, as excessive Yen (JPY) weakness fuels intervention fears. At the time of writing, the pair is trading around 156.18, down nearly 1.40% on the day, sliding to its lowest level since late December.At the same time, broad-based weakness in the US Dollar (USD) is adding to the downside pressure, as concerns over Federal Reserve (Fed) independence and US President Donald Trump’s protectionist trade policies continue to erode confidence in the Greenback, despite a recent easing of US-European Union (EU) trade tensions.The US Dollar…
The British Pound (GBP) continues to outperform the US Dollar (USD) on Friday, with GBP/USD climbing to the 1.3600 handle as the Greenback remains under broad-based selling pressure. At the time of writing, the pair is up nearly 0.73% on the day, marking its highest level since September 18, 2025.Sterling is also drawing support from stronger-than-expected UK economic data, which has tempered near-term rate cut expectations at the Bank of England (BoE).The flash Composite Purchasing Managers Index (PMI) rose to 53.9 in January from 51.4, with the Services PMI jumping to 54.3 from 51.4, while the Manufacturing PMI improved to…
Eyes are on the yen on a big move lower in USD/JPY ahead of the weekend. The pair is down 202 pips on the day now to 156.40, which is a sharp reversal after rising to 159.22 when the Bank of Japan left rates on hold.USDJPY 10 minutesThere is some chatter that’s unconfirmed that Japan’s Ministry of Finance (which controls FX intervention) ran a rate check. That’s where they call around to banks and ask for current yen prices. That kind of move is a bit of theater but it’s a signal to everyone that they’re closely watching the market,…
The US dollar is coming under some broad pressure ahead of the weekend, particularly in USD/JPY.There could be fears of intervention in the thin liquidity at the open on Sunday or it could reflect the record highs in precious metals and increasing talk of de-dollarization. Another curious move today is the rally in oil markets, which might suggest that something is afoot via the US military over the weekend. Given the drama since the start of the year, I wouldn’t rule that out.In any case, these moves are notable and USD/JPY is having a look at the post-BOJ lows.USDJPY 10…
Adani group firms shed $12.5 billion market cap after SEC seeks court nod to serve summonses Source link
Gold (XAU/USD) regains ground on Friday, notching yet another record high after coming under brief pressure earlier in the day. At the time of writing, XAU/USD is trading around $4,980, rebounding from an intraday low near $4,899, and remains on track for a third consecutive weekly gain.Meanwhile, a mixed batch of US economic data failed to offer meaningful support to the US Dollar (USD), allowing Gold to extend its advance.Bullion is up more than 8% this week, supported by strong safe-haven demand after renewed trade rhetoric from US President Donald Trump over the Greenland dispute unsettled global markets, reviving “Sell…
The Euro (EUR) trades flat against the US Dollar (USD) on Friday, as traders show a muted reaction to the latest US economic data. At the time of writing, EUR/USD is hovering near 1.1750 and remains on track for its first weekly gain in three weeks amid sustained weakness in the Greenback.Preliminary S&P Global Purchasing Managers Index (PMI) data showed the flash Composite PMI edging up to 52.8 in January from 52.7, while the Manufacturing PMI rose to 51.9 from 51.8, missing expectations of 52.1, and the Services PMI came in at 52.5, unchanged from December and below the 52.8…
US railway CSX isn’t seeing a macro rescue in 2026. Management is planning for flat industrial production, modest GDP growth and sticky inflation within the firm above 3%, with customers cautious under tariff pressure. Housing and autos remain headwinds, trucking is soft, and there’s no near-term catalyst—leaving infrastructure spending and power demand as the lone offsets nationally.The shares are up 4.5% today on a mix of solid execution and M&A chatter but have been flat since 2021.Here are some revealing comments on the macro outlook from the conference call.Stephen Angel – CEO“This has been a challenging year for CSX and…