Author: FX
The major assets started the week on shaky footing as Trump’s 100% tariff on foreign films reignited trade tension, snapping the S&P 500’s nine-day winning streak and sending the dollar lower despite solid U.S. services data. Oil slumped on news of increased OPEC+ output, while gold surged as traders hunted safety in the face of renewed geopolitical uncertainty. Here are headlines you may have missed in the last trading sessions: Headlines: On Sunday, Trump announced plans to impose a 100% tariff on movies produced outside the U.S OPEC+ agreed to increase oil production by 411,000 barrels per day in June…
Lutnick gave a preview earlier, not bullish:Lutnick says a trade deal with Canada is possible, but its ‘really complex’ This article was written by Eamonn Sheridan at www.forexlive.com. Source link
The AUD/USD pair retreats from Monday’s five-month high of 0.6493.The US Dollar is gaining strength as the Fed is widely expected to keep interest rates unchanged on Wednesday.NAB has lifted its year-end forecast for the pair to 0.70, citing a sustained bear trend in the US Dollar.AUD/USD is retreating from a five-month high of 0.6493 reached on Monday, slipping to around 0.6450 during the Asian session on Tuesday. The decline comes as the US Dollar (USD) strengthens ahead of the Federal Reserve’s (Fed) upcoming monetary policy decision on Wednesday.While the Fed is widely expected to hold rates steady, investor focus…
Will New Zealand’s jobs data support the idea of a more neutral RBNZ? Or will we see a round of losses that could keep easing expectations in play? Here are points you need to know if you’re trading New Zealand’s jobs event! This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term strategies High-impact economic event trading guides Unlimited Access access to MarketMilk™ Plus More! Source link
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: FOREXLIVE™ is not an investment advisor, FOREXLIVE™ provides references and…
Director of the United States (US) Congressional Budget Office (CBO) Phillip Swagel noted on Monday that while US revenue projections are holding steady, the next iteration of the US’s routine debt ceiling showdown could be pushed forward if government spending and revenue conditions deteriorate.Key highlightsI still see late summer for the debt-ceiling x-date.The US still has the trust of global investors.US revenues are coming in line with projections.Of course, it is possible that the X-date estimate for the debt ceiling could come forward. Source link
Stock heatmap by FinViz.com Mon, 05 May 2025 14:46:08 GMTSector OverviewToday’s stock market heatmap reveals a distinct downturn in tech and energy sectors, leading to widespread volatility across the board. The technology sector, notably the consumer electronics and semiconductors segments, displays significant declines, with major players like Apple (AAPL) down by a steep 3.12% and Nvidia (NVDA) dipping 1.14%. Meanwhile, AMD bucks the trend, showing a positive gain of 1.97%.In the energy sector, leading companies such as ExxonMobil (XOM) and Chevron (CVX) are down 2.57% and 1.68%, respectively, contributing to the overall negative sentiment.Market Mood and TrendsThe market’s mood today…
EUR/USD moves higher to near 1.1350 as the US Dollar faces selling pressure ahead of the Fed’s monetary policy meeting on May 6-7.US President Trump said he is confident about closing trade deals this week.The ECB is expected to continue lowering interest rates despite the increase in Eurozone inflation in April.EUR/USD climbs to near 1.1360 during the North American trading hours on Monday after recovering from the three-week low of 1.1265 posted last week. The major currency pair gains as the US Dollar (USD) slumps on persistent uncertainty over United States (US)-China trade relations and as investors turn cautious ahead…
PennantPark Investment declares $0.08 dividend Source link
Urges market commentators not to speculator on Taiwan dollar situationUrges companies not to listen to untrue analysis, sell US dollar positionsFrom earlier: Surging TWD fuelling revaluation talk | MUFG on the Taiwan dollar move a “19-standard-deviation event” This article was written by Justin Low at www.forexlive.com. Source link