Author: FX
Trump’s tariff threats dominated FX, sending the yen tumbling while USD surged. Australia’s surprise rate hold boosted AUD. Source link
The Canadian Dollar stumbled back on Friday as tariff fears remain.Canadian labor data overshot forecasts, bolstering the Loonie.Fresh tariff threats from Donald Trump have crimped CAD gains.The Canadian Dollar (CAD) tested lower ground against the US Dollar (USD) on Friday, shedding weight despite Canadian labor data figures outperforming median market forecasts by a sizeable margin, kicking back economic downturn concerns and forcing rate watchers to trim their bets of another Bank of Canada (BoC) rate cut at the next interest rate meeting.Adding further fuel to the risk-off fires that his administration started this week, US President Donald Trump has announced…
Canada CPI – Tuesday, July 15 at 8:30am ET Canada’s inflation data will be closely watched, with headline CPI m/m expected at 0.2%, down from 0.6% previously. Both Median and Trimmed CPI y/y are forecast to remain steady at 3.0%, signaling a still-elevated but stable inflation environment. A softer print could strengthen the case for the Bank of Canada to consider further easing, while any upside surprise may delay those expectations.US CPI – Tuesday, July 15at 8:30 AM ET US inflation is also in focus and the key release for the week with Core CPI m/m and headline CPI m/m…
Over at Kalshi, where you could move this market with a couple thousand bucks, the odds of Powell resigning have risen to about 19% from 14% on this bizarre letter from William Pulte at the FHFA. In it, he cites ‘reports’ about Powell considering resigning but neither me nor anyone else can seem to find any of those ‘reports’ and certainly not in anything remotely reputable.It’s like Pulte is trying to somehow manifest this. Later this year, ForexLive.com is evolving into investingLive.com, a new destination for intelligent market updates and smarter decision-making for investors and traders alike. Source link
This is strange statement as it indicates there are ‘reports’ that Powell is considering resigning. But there are no reports that I can find. Bizarrely, Pulte has been tweeting forever that Powell should resign and also foreshadowed this statement, even though it’s presumably based on ‘reports’.I’m not sure what to make of this but markets don’t appear to be moving at all. This article was written by Adam Button at www.forexlive.com. Source link
AUD/USD pauses below 0.6600 as bulls near the wedge resistance.The Australian Dollar benefits from the hawkish tilt of the RBA, while markets await clarity on when the Fed may begin cutting rates.AUD/USD remains in a strong short-term bull trend as prices weigh trade risks against yield differentials.The battle between the Australian Dollar (AUD) and the US Dollar (USD) persists on Friday, with bulls in the AUD/USD pair continuing to push for a break through the next major resistance level at 0.6600. This psychologically significant level has become a key battleground, holding both bulls and bears in check as price action…
Crude oil futures settled at $68.45, up $1.88 or 2.82% on the day. For the week, prices gained $2.13, marking a 3.2% increase. These gains come despite an unexpected rise in OPEC+ production of 548K barrels heading into the week. However, some support emerged midweek when OPEC+ floated the idea of pausing upcoming output hikes, signaling a more cautious stance.Running counter to the price action was a surprise build of 7 million barrels in U.S. crude inventories reported by the EIA. While that would normally be bearish, the report also showed drawdowns in gasoline and distillate stocks, providing a more…
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Gold rebounds sharply from $3,322 as risk sentiment boosts safe-haven demand.Trump hits Canada with 35% tariffs, mulls 15–20% duties on others.Traders brace for US CPI and key Fedspeak ahead of July 19 blackout.Gold price rallies nearly 1% on Friday as the market mood shifts sour on controversial trade policies imposed by US President Donald Trump on Canada and threatening to broaden duties to other countries and Copper. At the time of writing, the XAU/USD trades at $3,354 after bouncing off daily lows of $3,322.On Thursday, Trump unveiled 35% tariffs on Canadian goods, though he maintains exemptions for products that adhere…
The US Dollar gains strength on Friday, lifted by US President Trump’s renewed tariff threats and fading expectations of near-term Fed interest rate cuts.Trump targets Canada with a 35% tariff, citing fentanyl concerns and trade imbalances.The DXY hovers below key resistance at 97.80–98.00, with price supported by the 9-day EMA at 97.50The US Dollar gains strength on Friday, supported by renewed tariff threats from US President Donald Trump, which have reignited global trade tensions and sparked a new wave of risk aversion. As tensions escalate, investors are becoming increasingly cautious, favoring the Greenback’s status as a safe haven. This shift…