Author: FX

Since US President Trump’s reciprocal tariffs address on April 2, the EUR is the second best performing G10 currency after the safe-haven CHF, Rabobank’s FX analyst Jane Foley reports. EUR holds ground amid tariff turmoil”The EUR’s resilience has stemmed from the optimism triggered by the relaxation in Germany’s debt brake in March and by the broad-based assumption that this was a game changing event for the region. The EUR was boosted further by the rotation out of US assets triggered by fears that Trump’s tariffs could push the US into recession and trigger a spike in inflation.””The rotation trade has…

EU von der Leyen is speaking and says that after a good call with Pres. Trump, that they: Will meet with Trump in Scotland on SundayWill discuss transatlantic trade relations and how we can keep them strong. HMMM is that not great a comment? Am I reading too much into the “how we can keep trade relations strong” as in “trade relations are potentially moving the other way? This article was written by Greg Michalowski at investinglive.com. Source link

There is something funny going on with financial markets this week. It could be because it’s summer, and market participants are too busy on holidays to notice, but on the one hand you have blue chip stock indices making record highs and acting like there are no concerns about US trade tariffs, the meme stock craze is back, gold is lower and Bitcoin is also lower. This is leading to more calls that markets are in a bubble and may be at risk of a correction. There is no unifying theme across financial markets this month, instead markets are moving…

AUD/USD slips from YTD high as rising US yields lift demand for the US Dollar.US Dollar gains traction on trade optimism and steady Fed expectations.AUD/USD rejection at wedge resistance raises downside risks below 0.6600.The Australian Dollar (AUD) is losing ground against the US Dollar (USD) on Friday, pressured by rising US Treasury yields that continue to support demand for the Greenback. After climbing to a year-to-date high of 0.6625 on Thursday, AUD/USD has slipped, trading below 0.6600 at the time of writing.Market sentiment toward the US Dollar has improved. While President Donald Trump continues to criticize the Federal Reserve (Fed)…

GBP/USD sinks as strong US data, weak UK Retail Sales weigh The GBP/USD tumbles to a day’s low after clearing the 1.3500 figure, following economic data from the United States (US) that justified the Federal Reserve’s need to maintain its current monetary policy. Conversely, UK Retail Sales disappointed investors after missing the mark. The pair trades at 1.3434, down 0.52%. Read More… Pound Sterling underperforms as UK Retail Sales, PMI rose moderately The Pound Sterling (GBP) weakens against its major peers on Friday as the United Kingdom (UK) Office for National Statistics (ONS) has reported that Retail Sales grew at a slower-than-projected pace in…

The major European indices are closing mixed to end the trading week. For the week, the indices are closing mostly higher the German DAX the one exception. France’s CAC was near unchanged but higherFor the trading day: German DAX -0.32%France’s CAC +0.21%UK’s FTSE 100 -0.20%Spain’s Ibex -0.13%Italy’s FTSE MIB +0.31%For the trading week, the German DAX fell modestly and France’s CAC was near unchanged but the other major indices closed higher:German DAX -0.30%France’s CAC +0.15%UK’s FTSE 100 +1.43%Spain’s Ibex +1.77%Italy’s FTSE MIB +1.03%As London/European traders head for the exits, US stocks are trading near their highs for the day: Dow…

US farmers could be facing higher costs and lower business as a result of the tariffs. Some media impacts include:Tariffs on farm equipment and partsSteel and aluminum tariffs (e.g., 25% on imported steel) raise the cost of tractors, combines, grain bins, and irrigation systems.Machinery and equipment parts from countries like China or the EU become more expensive, increasing repair and maintenance costs.Tariffs on fertilizers and chemicalsPhosphate fertilizers (from Morocco) have faced duties, making a key crop input more expensive.Urea ammonium nitrate (from Russia and Trinidad) has been tariffed, affecting nitrogen costs.Herbicides and pesticides such as glyphosate, often sourced from China,…

Durable Goods Orders in the US fell at a softer pace than expected in June.The US Dollar Index edges higher toward 98.00.Durable Goods Orders in the United States (US) declined by 9.3%, or $32.1 billion, in June to $311.8 billion, the US Census Bureau reported on Friday. This reading followed the 16.5% increase (revised from 16.4%) reported in May and came in better than the market expectation for a decrease of 10.8%.”Excluding transportation, new orders increased 0.%. Excluding defense, new orders decreased 9.4%,” the press release read. “Transportation equipment, also down two of the last three months, drove the decrease,…

Gold slips below $3,350 as rising US yields and a stronger US Dollar pressure prices.Hopes for progress in US–China and EU–US trade talks lift risk appetite, reducing demand for Bullion..XAU/USD threatens triangle support as sellers pressure prices below $3,350.Gold is trading lower on Friday as risk appetite improves, trade tensions ease, and the US Dollar firms.At the time of writing, XAU/USD is trading below $3,330, down over 1% on the day, pressured by rising US Treasury yields and fading demand for safe-haven assets.Friday’s US Durable Goods Orders report showed a 9.3% decline in June, better than the 10.8% drop expected…

Trump Accounts, recently introduced as part of the One Big Beautiful Bill Act (OBBBA), are generating a lively debate among savings and retirement experts.Presented as a new form of birthright investment account, could these accounts really rival, or even surpass, Individual Retirement Accounts (IRAs)? A closer look is in order.A financial boost from birthThe principle behind Trump Accounts is simple: for each child born between 2025 and 2028, the US Government automatically pays an initial deposit of $1,000, provided the child has a Social Security number.Thereafter, parents, employers or other entities can contribute up to $5,000 per year to this…