Author: FX
The Dow Jones Industrial Average (DJIA) found a near-term foothold to wrap up the trading week, rebounding around 240 points from recent lows and fighting to stay on the high side of key moving averages. Equities took a hit this week after multiple entities in the lending and banking sectors went bankrupt or flashed warnings about debt quality, sparking a brief period of wobbly sentiment. Investors recovered their footing to end the week.Friday rebound takes Dow back from the brinkFriday’s equity market recovery was partly driven by hope of an easing in trade tensions after US President Donald Trump soft-balled…
The Canadian Dollar (CAD) caught a fresh bid on Friday, reclaiming some lost ground against the US Dollar (USD), although the Loonie still remains trapped near six-month lows against the Greenback. The possibility of tariff easing from the US sparked a fresh round of investor risk appetite to close out an otherwise middling week that saw the US Dollar broadly gain ground. Investor nerves continue to fray at the hands of brinkmanship politics and policy setting from the Trump administration, and traders are looking for any excuse to pare back on risk-off bets as the trade gets crowded.Canadian Prime Minister…
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if you have any questions. Advisory warning: investingLive is not an investment advisor, investingLive provides references and…
No one looks smart calling for stock markets to go up, but you can look smart or you can be right so here’s what I’m thinking:The market got skittish in October.To me, it wasn’t any single thing but a whole bunch at once:September saw an intense rally in stock marketsTrump and China picking a new trade fightThe government shutdownThe regular geopolitical uncertaintyLet’s skip ahead to the end of the month and think about what’s possible.Stocks have consolidated and October seasonals are good (getting even better in Nov/Dec)Trump continues to insist China is fine and leaders will meet Nov 1The government…
Gold price (XAU/USD) falls 2% after reaching a record high at $4,379 earlier on Friday, tumbles below $4,250, sponsored by US President Donald Trump’s comment that triple-digit tariffs on China are unsustainable. At the time of writing, Bullion prices hover at around the $4,230 – $4,240 range.Bullion tumbles below $4,250 as risk appetite returns and Treasury yields climbThe Greenback is recovering some ground, a headwind for Gold prices. Yet the biggest move is seen at US Treasury yields, with the 10-year T-note yield up nearly three basis points. US President Donald Trump commented that elevated threatened tariffs on China were…
The Australian Dollar (AUD) remains well bid against the US Dollar (USD) on Friday, as US President Donald Trump’s softer stance on trade with China eases risk sentiment. The Aussie is showing resilience even as the Greenback strengthens, supported by Australia’s close trade ties with China.At the time of writing, AUD/USD is holding firm around the 0.6500 psychological level, rebounding from an intraday low of 0.6443. Meanwhile, the US Dollar Index (DXY), which tracks the Greenback’s value against a basket of six major currencies, is recovering modestly from two-week lows, trading around 98.45, but remains on track for weekly losses.US…
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if you have any questions. Advisory warning: investingLive is not an investment advisor, investingLive provides references and…
S&P 500 futures are now more than 130 off the lows in a massive reversal of earlier losses. Futures are now up 39 points, in part because Trump keeps repeating that he expects China will be ‘fine’. This article was written by Adam Button at investinglive.com. Source link
Things coming along pretty wellZelensky also said that he’s confident with US help he can stop the war and that it’s most important for Ukrainians to have security guarantees. Some times these things can happen quickly. The battlefield has stagnated and the costs are high. Maybe this really is the end? If so, I’d imagine the euro and European stocks are one of the cleanest trades and I wouldn’t want to be long oil. This article was written by Adam Button at investinglive.com. Source link
A report earlier today indicated that Treasury Secretary Scott Bessent will speak by phone today with Chinese Vice Premier He Lifeng to discuss the ongoing trade negotiations. It’s not clear what time that was scheduled for as it would have had to been early this morning Washington time or late this evening, in order for the time zones to align.The high-level talks are a good sign that there is at least a will to make progress and de-escalate. Trump today said “I think we’re going to do fine with China.”I’d assume the market is anticipating some positive developments on the…