Author: FX

The Dow Jones shed around 150 points on Friday, falling back to 41,225.Investors are bracing for geopolitical tensions as the US and China head for initial trade talks.Even a social media post from President Trump pondering 80% tariffs could bolster market sentiment.The Dow Jones Industrial Average (DJIA) followed the broader market lower on Friday, falling below 41,250 as investors gear up for a tense weekend. The United States (US) and China are headed for opening trade talks in Switzerland this weekend, but policymakers from both administrations have cautioned that talks will be strictly preliminary. Chinese delegates have specifically warned that…

EUR/GBP trades near the 0.8500 zone after slipping modestly in Friday’s session.Short-term signals remain bearish despite mixed long-term support.Key support levels hold below, while resistance aligns just overhead.The EUR/GBP pair edged lower on Friday, trading near the 0.8500 zone after the European session as selling pressure remained consistent. The pair settled within the middle of its daily range, reflecting cautious sentiment despite the broader bearish tone. Short-term signals continue to weigh on the pair, while longer-term moving averages offer a more supportive backdrop.Technically, the pair is flashing a bearish overall signal. The Relative Strength Index (RSI) is neutral near 45,…

GBP/USD gains on US-UK agreement, holds near 1.33 The Pound Sterling posted solid gains on Friday, edging up 0.41% after the announcement of a trade deal between the US and the UK on Thursday. However, a rate cut by the Bank of England (BoE) capped its gains, but the pair remains trading near the 1.33 handle after bouncing off a daily low of 1.3211. Read More… Pound Sterling surges against US Dollar ahead of US-China trade talks The Pound Sterling (GBP) recovers intraday losses and advances to near 1.3300 against the US Dollar (USD) in North American trading hours on Friday. The GBP/USD…

NZDUSD technicalsNZDUSD attempted a downside break today, falling below key swing support and the 200-day moving average 0.58836, but after reaching a low of 0.5869, the price quickly rebounded, disappointing the sellers. The price is now showing signs of stabilization with the buyers pushing back higher. Sellers had their shot below 0..5883 to 0.58927. They missed. Earlier this week (Wednesday), the pair moved to a high near the April highs at 0.60281 (the high reached 0.6022), suggesting strong resistance remains at the upper boundary of the consolidation range. So buyers had their shot as well, but they failed to extend…

EUR/JPY trades near 163.45, slipping after rejection from 163.94 resistance.Caution ahead of ECB’s Schnabel speech limits Euro support, despite ECB-BoJ policy gap.Soft Japanese data underscores Yen weakness, but safe-haven demand keeps gains in check.US–China trade talks revive risk appetite, though Trump’s tariff threat tempers optimismThe EUR/JPY pair is trading lower on Friday, weighed down by renewed US–China trade tensions, mixed economic data out of Japan, and cautious investor positioning ahead of a scheduled speech by European Central Bank (ECB) Executive Board member Isabel Schnabel. At the time of writing, EUR/JPY is down 0.20% at 163.45, as markets recalibrate expectations around safe-haven…

Mineros S.A. Q1 GAAP EPS of $0.13, revenue of $0.16M Source link

Fair to say that uncertainty around tariffs have raised risks to higher inflation, lower growthGrowth has been strong over the last year and remains so todayThis just continues from his earlier remarks here. This article was written by Justin Low at www.forexlive.com. Source link

Yesterday afternoon, Donald Trump finally presented his first trade deal with the United Kingdom in the Oval Office. However, despite all the fanfare, it must be said that the substance was rather thin once again. There was much talk of the great opportunities that this deal offers both countries, Commerzbank’s FX analyst Volkmar Baur notes. US-UK trade deal is a warning sign”The US will probably gain preferential access to UK markets for ethanol and agricultural products, with beef being mentioned repeatedly. The size of these markets is estimated at USD 700 million for ethanol and USD 250 million for agricultural…

Canterbury Park GAAP EPS of -$0.06, revenue of $13.14M Source link

Commerzbank delivers surprise profit jump as it fends off UniCredit Source link