Author: FX
Israel will not renew visa of top UN humanitarian official Source link
Fed’s Waller supports July rate cut, pulling Treasury yields and Dollar lower.UoM survey shows improved sentiment and easing inflation expectations in the US.ECB decision, EU PMIs, and US macro data in focus for the week ahead.The EUYR/USD finished Friday’s session with gains of over 0.26% amid a weaker US Dollar, following dovish comments by Fed Governor Christopher Waller, which weighed on US Treasury yields. Still, an improvement in Consumer Sentiment capped the Euro’s gains, with the pair trading at 1.1626 at the time of writing.Wall Street ended the session on a higher note, as investors cheered comments by Waller, who…
Headline U.K. inflation accelerated from 3.4% year-on-year to 3.6% in June while the annual core CPI climbed from 3.5% to 3.7% instead of holding steady as expected. How did our watchlist setups for this top-tier catalyst fare? Watchlists are price outlook & strategy discussions supported by both fundamental & technical analysis, a crucial step towards creating a high quality discretionary trade idea before working on a risk & trade management plan. If you’d like to follow our “Watchlist” picks right when they are published throughout the week, check out our BabyPips Premium subscribe page to learn more! The Setup Event…
That is an absolutely staggering number if you think about it. And as the world continues to embrace the AI-driven future, Nvidia is now the poster boy not only for that revolution but also for the stock market. After its struggles in the first four months this year in the run up to Trump’s Liberation Day, the share price has now doubled to fresh record highs. Nvidia is also sitting prettily with 29% gains year-to-date, comfortably outpacing the S&P 500 which holds 7% gains.And with around 36,000 employees, Nvidia has a per-employee market value of over $110 million. That continues…
FX markets weathered Trump’s tariff threats & dramatic Fed Chair firing rumors, further elevating political and economic uncertainty for forex traders Source link
U.S. Treasury Secretary Scott Bessent said a trade deal with Japan remains in the “realm of possibility,” but emphasized that securing a good deal is more important than rushing one. He indicated that negotiations are ongoing and that the outcome of Japan’s upcoming election could be pivotal to reaching an agreement. Hope springs eternal, but Japan was insulted by the tariff letter. Also on tariffs, the Financial Times reported that President Trump is pushing for a 15–20% minimum tariff on all EU goods, down from the previously floated 30% in “the letter.” He also refuses to reduce the existing 25%…
The NASDAQ index is closing the day higher and has closed at record levels each day of this week. The gain however, was marginal with a rise of only 0.05%. Nevertheless, it was good enough for a record. The NASDAQ has closed at a record level 11 different times this year. The index rose 11.39 points or 0.5% to 20,895.66What wasn’t good enough for a record, was S&P’s declined of -0.01%. Yesterday, the S&P closed at a new record level for the ninth time in 2025.The Dow industrial average did not fare as well with a decline of -0.32% today…
QuantumScape (QS), the leading commercial developer of solid-state batteries, has now rallied for nine consecutive sessions. This has led the battery maker to a new three-year high with shares reaching $15.03 in Friday’s afternoon session.QuantumScape continues to benefit from news of its state-of-the-art Cobra separator process reaching production goals, which will allow the company to begin commercializing its battery technology over the next two years.The broader market has seen investors head for the exit after a positive week that saw many new index highs. The S&P 500 has gained above half a percentage point this week, while the NASDAQ Composite…
Next week, the Fed will be in the quiet period ahead of the FOMC rate meeting on July 30. The S&P Global flash manufacturing and services data will be released for Europe and the US on Thursday. The ECB will likely keep rates unchanged, but given the tariff threat, will likely be biased to more easing (although they are also near neutral rates now).US initial jobless claims fell to 221K last week and moved back toward the lower levels after a modest rise toward 250K. Below is the scheduled of released.Sunday, July 20 6:45pm ET – NZD CPI q/q –…
California Gov. Gavin Newsom proposes to ease permits for oil drilling in California.Governor Gavin Newsom has not supported new drilling, but is also under pressure to stabilize energy supplies, particularly after recent refinery closure announcements. While he remains committed to phasing out oil drilling by 2045, state regulators have recommended limited new well permitting as part of a transition strategy. The Trump administration initiated a major review process to restart oil and gas leasing on federal lands in California, marking the first significant step toward expanding fossil fuel development in the state in years. The U.S. Bureau of Land Management…