Author: FX
USD/CAD edges lower to around 1.4240 in Monday’s late American session.Goods from Canada that comply with the USMCA trade agreement will remain exempt from Trump’s tariff. Investors are stepping up bets that the Fed will cut interest rates aggressively this year. The USD/CAD pair weakens to near 1.4240, snapping the two-day winning streak during the late American session on Monday. The Canadian Dollar (CAD) edged higher against the Greenback as Canada last week avoided new levies on its goods in a widening global trade war triggered by US President Donald Trump.Last week, Trump announced sweeping new tariffs for dozens of countries, imposing a 10%…
Japan needs to open up its countryWe gave one shot at thisTariffs could be permanent and could also be talksWe almost had a deal with China in my first termThis isn’t good news ahead of the April 9 but there is still time. This doesn’t look like a deal-o-rama. This article was written by Adam Button at www.forexlive.com. Source link
The Bank of Canada’s (BoC) Business Outlook Survey for the first quarter has shown that overlook economic activity expectations are contracting sharply as the United States (US) seeks to spark a global trade war across the board. According to the BoC, firms are overwhelmingly set to begin increasing prices in an effort to overcome steep import taxes being imposed by the Trump administration.Key highlightsQ1 BoC survey shows overall sentiment has deteriorated, uncertainty remains widespread.Business survey indicator has declined to -2.14 from -1.16 in Q4 2024.32% of Canadian firms expect Canada to be in a recession in 12 months’ time, up…
InterDigital (NASDAQ:IDCC) has announced that Eeva Hakoranta will step down from her role as Chief Licensing Officer effective April 4, 2025, and will remain with the company for the next three months as a Senior Advisor, to facilitate the transition of Source link
Fed's Kugler: making sure inflation doesn't rise is priority 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…
The Oil price has posted a fresh four-year low near $58.80 amid escalating concerns over the global economic outlook.US President trump has imposed a total of 54% tariffs on China.Trump has also announced a 10% baseline tariffs for all of his trading partners.West Texas Intermediate (WTI) recovers some intraday losses in European trading hours on Monday after sliding extensively to near $58.80 earlier in the day, the lowest level seen in four years. The Oil price is still 3% down near $60.40, at the time of writing.The black gold is facing significant selling pressure since the first day of April…
The Trend Direction Force Index MT4 Indicator is a powerful tool for traders seeking to identify market trends with accuracy. Many traders face challenges in determining when a trend is strong enough to follow, often leading to missed opportunities or poor trade decisions. This uncertainty can result in unnecessary losses. The Trend Direction Force Index offers a solution by combining price action and volume data to provide a reliable reading of market momentum. In this article, we’ll dive into how the TDFI works and why it’s a valuable asset for traders in making informed decisions. Understanding the Trend Direction Force…
Equities are continuing to be hammered with tech shares leading losses. Before some last-minute buying by China’s plunge protection team, the Hang Seng was down over 13% at one point just now. Meanwhile, Nasdaq futures are now down 5.8%. It’s a real bloodbath out there. The risk aversion is starting to ramp up again with 10-year yields in the US now down to 3.89% and USD/JPY nudging back towards another test of 145.00 today:USD/JPY hourly chartIt doesn’t look like there will be much relief at least to start European morning trade.As a reminder, circuit breakers for US indices and futures…
Germany’s industrial sector returned to contraction in February, according to the latest data published by Destatis on Monday.In the Eurozone’s economic powerhouse, Industrial Output dropped 1.3% MoM, the federal statistics authority Destatis said in figures adjusted for seasonal and calendar effects, against the expected 1.1% decline and a 2% rebound in January.German Industrial Production plunged 4% year-over-year (YoY) in February versus January’s -1.6%.Separately, Germany’s Trade Balance for February came in at EUR17.7 billion versus EUR17.8 billion expected and EUR16 billion previous.EUR/USD reaction to the German Industrial Production dataEUR/USD finds fresh buyers despite the mixed German data, trading 0.51% higher on the day at…