Author: FX
US House votes to rescind approval for California heavy-duty truck rules Source link
Trump speaking:After a certain amount of time there will be a tariff wall for pharmaceutical companiesinterest rates should go downhe should reduce interest ratesI understand interest rates better than him This article was written by Eamonn Sheridan at www.forexlive.com. Source link
The AUD/USD pair trades higher around 0.6400, up 0.26% on the day.US GDP data misses expectations, showing a contraction of 0.3% in Q1 2025.Market expectations for a Fed rate cut in June rise as weak data weighs on the USD.Investors remain cautious ahead of key US data releases, including NFPs and GDP for Q1 2025.The AUD/USD pair saw a slight uptick as investors weighed weak United States (US) economic data, including a contraction in Q1 GDP. The market now expects potential Federal Reserve (Fed) rate cuts, which have pressured the US Dollar (USD). Despite ongoing trade tensions and uncertainty, the…
heinstirred/iStock via Getty ImagesParsons Corporation (NYSE: NYSE:PSN) reported record first-quarter results across multiple financial metrics, but shares fell as much as 5.5% on Wednesday as investors reacted to mixed segment performance and flat overall revenue growth. Revenue for the quarter reached an all-time Source link
It’s a choppy day in the foreign exchange market, which isn’t unusual at month-end, particularly in a very volatile month.The US dollar had been slackening in the last hour broadly but there is some life in stocks now and the dollar has rebounded. At the same time, the euro is particularly soft.EUR/USD 1 hourIt’s tough to tie this back to newsflow as it as generally dovish today, which should hurt the US dollar. The market is taking a recessionary view with 132 bps in easing in the year ahead now priced in, compared to 125 bps yesterday. At the same…
The Pound Sterling retraces against the US Dollar to near 1.3310 as the former underperforms across the board.The US economy contracted by 0.3% in the January-March period.BoE Greene expects Trump’s tariff policy to be net disinflationary for the economy.The Pound Sterling (GBP) extends correction to near 1.3310 against the US Dollar (USD) in Wednesday’s North American session from its fresh three-year high of 1.3445 posted on Tuesday. The GBP/USD pair trades near its intraday low as the US Dollar (USD) gains after the release of a string of top-tier key United States (US) economic data.The US data has shown that…
Freight Technologies secures $20M to create official Trump Token ($TRUMP) treasury Source link
orderFlow Intel: Nasdaq Futures Analysis NowNasdaq futures (NQ) are currently trading at a critical juncture around 19560, a key area anchored by yesterday’s VWAP—a crucial dynamic benchmark widely respected by professional traders. The current positioning around this level suggests moderate bullish momentum, though clarity is needed to confirm direction.Today’s price action has been characterized by mixed yet mildly bullish order flow, hinting at subtle strength emerging from buyers at critical intraday supports. NQ is trading within today’s established Value Area, notably hovering just below the day’s Point of Control (POC) at 19580. Successfully reclaiming and holding above this level would…
JSW STEEL Elliott Wave technical analysis Function: Counter Trend. Mode: Corrective. Structure: Orange Wave 2. Position: Navy Blue Wave 1. Directions next higher degrees: Orange Wave 3. Details: Orange wave 1 appears complete; orange wave 2 is currently forming. Wave cancel/invalid level: 906. The daily chart for JSW STEEL indicates a counter-trend correction forming inside a broader bullish setup. Orange wave 1 appears finished, with the stock now entering orange wave 2, which is part of the larger navy blue wave 1 uptrend. This suggests a short-term pullback before the potential continuation of the dominant upward move. Wave 2 usually retraces 38% to 61% of wave 1, often manifesting as…
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