Author: FX
Ecuador's violence-hit coastal region focus of presidential candidates Source link
Canada PM Carney: Pause on reciprocal tariffs announced by President Trump is a welcome reprieve for the global economy Trump signal that U.S. will engage in bilateral negotiations will likely result in a fundamental restructuring of the global trading system This article was written by Eamonn Sheridan at www.forexlive.com. Source link
The Greenback reversed its initial loses to three-day lows and ended the session virtually unchanged in response to a late recovery fuelled by President Trump’s announcement of a 90-day delay on reciprocal tariffs. Source link
Everyone else down to 10% but China to 125%.From Trump:Based on the lack of respect that China has shown to the World’s Markets, I am hereby raising the Tariff charged to China by the United States of America to 125%, effective immediately. At some point, hopefully in the near future, China will realize that the days of ripping off the U.S.A., and other Countries, is no longer sustainable or acceptable. Conversely, and based on the fact that more than 75 Countries have called Representatives of the United States, including the Departments of Commerce, Treasury, and the USTR, to negotiate a…
The RBNZ’s dovish rate cut to 3.50% has reinforced the Kiwi’s bearish outlook against the Japanese yen, especially amid ongoing global trade tensions. With the central bank explicitly signaling scope for further OCR cuts and global risk aversion climbing, NZD/JPY may continue its downward trajectory in the short-term. Let’s examine how we may theoretically structure a trade plan around this development. 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
The Minutes of the Fed’s March 18-19 gathering are due on Wednesday.The Federal Reserve delivered a cautious hold at its March event.Investors contemplate a potential rate cut at the May 7 meeting. The eagerly awaited minutes from the United States (US) Federal Reserve’s (Fed) March 18-19 monetary policy meeting are set for release on Wednesday at 18:00 GMT. During the gathering, policymakers agreed to keep the Fed Funds Target Range (FFTR) unchanged at 4.25%-4.50%.The latest Summary of Economic Projections (SEP) update highlighted a palpable sense of uncertainty within the Federal Open Market Committee (FOMC).Indeed, their revised outlook for 2025 and…
China expresses grave concern to WTO about Trump tariffs Source link
Ever found yourself clinging to a trade entry point, convinced the market will return to your “fair value”? Or perhaps you’ve been waiting for price to hit that perfect round number before pulling the trigger? You’ve likely fallen into the anchoring bias trap – one of the most costly psychological pitfalls in forex trading. Anchoring bias occurs when traders become excessively fixated on a specific reference point – a price, a level, an expert prediction – and make subsequent decisions based heavily on this “anchor” rather than responding to current market conditions. Our brains love reference points. But in the…
WTI crude oil weekly chartAs risk sentiment takes another knock, oil is one of the worst hit by the latest headlines here. WTI crude is now down to around $56 at its lowest levels since early 2021. At this point, there’s no need to pick at support levels for oil. OPEC+ didn’t help and a full-blown trade war between US and China is just sending things over the edge.The bleeding will stop when it stops. Until then, it’s pure carnage at the moment in the oil market.If anything, that is perhaps one silver lining for central banks at least. Source…
UD Dollar (USD) has gathered downward momentum vs Japanese Yen (JPY), but it might not be able to break below 145.00. In the longer run, oversold weakness has not stabilized; there is a chance for USD to drop below 145.00 again before the risk of another rebound increases, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.USD can drop below 145.00 again24-HOUR VIEW: “Yesterday, we were of the view that USD ‘is likely to trade in a range between 146.00 and 149.00.’ USD traded in a 145.95/148.12 range and closed at 146.28. While the decline in the early…