Author: FX
China shipbuilders rip Trump's 'short-sighted' US port fees Source link
Iran, US to hold talks in Rome in bid to reach nuclear deal Source link
The Good Friday holiday ensured it would be a quieter day than most this year but it wasn’t exactly quiet in the FX market. There were some decent moves on the day on Friday and the general theme remained USD selling.The brunt of it came via USD/CHF, which dropped another 35 pips. The pair is in the middle of the weekly range after hitting a 10-year low last Friday. It’s consolidating just off those lows and the lack of a bounce isn’t exactly inspiring.There are some hopes for progress in some US trade negotiations over the long weekend so keep…
Markets swung hard last week as traders reacted to fresh trade tension, central bank moves, and mixed data surprises. Source link
San Francisco Fed President Mary Daly made a rare Good Friday appearance for a moderated discussion on the economy and monetary policy outlook. She emphasized patience:On the economy:There is a little bit of pulling forward on spending, but not as much as you might thinkUS economy remains “in a good place” with “good momentum” despite some sectors like transport showing slowdownConsumer and business spending remains resilient despite sentiment concernsLabor market cooling gradually without major disruptionOn inflation:Restrictive policy continues putting “downward pressure on inflation”Sees “very, very gradual process on inflation” requiring continued restrictive stanceInflation risks have “increased” and needs vigilant monitoringCommitted…
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Trade war rattles markets! US-China tensions spiked this week as tariffs soared – 125% on US goods entering China, 145% on Chinese imports to the US. The unprecedented tariff levels triggered widespread market uncertainty and net risk aversion behavior once again. Gold was a clear winner, jumping above $3,340, while the dollar fell again. Treasuries yields dropped as bonds recovered, likely signaling their focus on growth fears over inflation. Stocks swung wildly, with tech taking a hit on trade headlines. Central banks are now signaling potential policy shifts as they assess the fallout. Investors are trying to make…
Gold rallies $90 this week as the US Dollar weakens amid rising trade tensions and geopolitical risks.Fed’s Daly says policy is still restrictive; neutral rate may be rising, echoing Powell’s hawkish tone.Traders focus on key US data next week: Flash PMIs, Durable Goods, and final Consumer Sentiment.Gold prices are set to end the week on a positive note, up by over 2.79% as the precious metal enjoyed a $90 US Dollar (USD) rally due to the latter weakness sponsored by uncertainty about global trade. At the time of writing, XAU/USD trades at $3,326.XAU/USD holds at $3,326 after hitting ATH of…
Euro edges higher amid US Dollar pressure after the White House pushes tariffs on Chinese ships, fueling global trade risks.Trump reportedly furious with Fed Chair Powell; adviser says President reviewing legality of dismissal.ECB’s Muller says lower energy prices and tariffs justify rate cut, though warns fragmentation may fuel inflation ahead.The Euro (EUR) advances against the US Dollar (USD) in muted trading as financial markets are closed on Good Friday. At the time of writing, EUR/USD trades at 1.1385, up 0.21%, lacking the strength to break the elusive 1.14 mark.EUR/USD up 0.21% in holiday-thinned trading as markets digest US-China shipping levies…
Bloomberg reports that “the US presented allies with proposals to enable a peace deal between Russia and Ukraine, including an outline of terms to end the fighting and ease sanctions on Russia in the event of a lasting ceasefire”. This follows the comments of US Secretary of State Rubio who said that they either get things done very soon or the US will move on to other matters.US Vice President JD Vance is said to be optimistic on the chances of bringing the war to a close.For the full article click here Later this year, ForexLive.com is evolving into investingLive.com,…