Author: FX
AUD/USD trades sideways around the 0.6300 area after the US PCE report delivered no major surprises. Fed remains cautious; tariff concerns and inflation outlook continue to dominate market attention. Bearish pressure persists technically, with indicators showing resistance near short-term moving averages. The Australian Dollar (AUD) remains directionless during Friday’s American session, with AUD/USD hovering around the 0.6300 zone. The release of the US Personal Consumption Expenditure (PCE) Price Index failed to generate significant market reaction, as the figures aligned with expectations except for the core PCE, which ticked slightly higher than forecasts. The Aussie struggled to gain ground despite weaker…
Gold surges to fresh all-time high as safe-haven demand rises ahead of Trump’s auto tariff deadline. Despite core PCE uptick, Fed’s Daly sees two cuts in 2025; market now pricing in 73.5 bps of easing. DXY weakens, US yields slide, and global tensions mount as Canada and EU prep retaliation plans. Gold price rallied sharply on Friday, hitting a new record high of $3,086 amid uncertainty over US trade policy, alongside an uptick in the Federal Reserve’s (Fed) preferred inflation gauge. After this, traders seem confident that the Fed will cut rates twice in 2025. The XAU/USD trades at 3079,…
DXY trades flat around 104.30 as PCE data offered no fresh impulse. February PCE rose 0.4%, keeping inflation fears in play ahead of the April tariff showdown. Resistance lies at 104.47, while 103.95 marks short-term support. The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against a basket of currencies, is currently flat near 104.30 on Friday following the release of the Federal Reserve’s (Fed) preferred inflation metric — the Personal Consumption Expenditures (PCE) Price Index. The reading showed a mild uptick, helping the Greenback hold recent levels. However, the rally appears capped as safe-haven…
Says he will be announcing pharma tariffs soonI don’t know if this tells us much. This article was written by Adam Button at www.forexlive.com. Source link
The Canadian Dollar whipsawed on Friday, moving in both directions before settling flat. The Trump administration remains committed to sweeping tariffs on Canadian goods. More tariff threats come on the heels of deteriorating US economic data. The Canadian Dollar was dragged in both directions on Friday, rising and then falling as market flows clash with fresh threats of tariffs on Canada from US President Donald Trump. Market sentiment is evaporating as the Trump administration barrels toward its self-imposed deadline of April 2 for a wide package of ever-changing tariffs that still remain light on firm details. Friday was heavy on…
I would like to know the context of this quote, in particular the question that was asked because some subtitles could be important.Carney says Trump respected Canada’s sovereignty today both in private and public commentsTalk with Trump was very cordialIt’s not clear whether there will be new trade discussions between Canada, the US and MexicoIt’s the preference of Canada that Mexico would be includedSays he will meet TrumpCanada’s system of agriculture supply management will never be on the table in talks with the US This article was written by Adam Button at www.forexlive.com. Source link
Nasdaq composite dailyThe pre-market picture wasn’t bad at all but some softness in the consumer spending portion of the PCE report and another weak consumer sentiment print weighed. I would suspect those were small factors though compared to worries about tariffs. No one from the White House came out to talk down auto tariffs or April 2 tariffs ahead of a critical week. I suspect we will see some of that in the days ahead but it’s a dicey moment and many are headed to the sidelines.S&P 500 -2.0%Nasdaq Comp -2.7%DJIA -1.7%Russell 2000 -2.2%Toronto TSX Comp -1.6%On the week:S&P 500…
AI imageToday might have been a turning point in Trump’s relationship with Canada though many would argue that it’s now beyond repair. Yesterday Canadian Prime Minister Mark Carney said:“The old relationship we had with the United States, based on deepening integration of our economies and tight security and military cooperation, is over.”Today though, Trump took a different tone with Canada, dropping the 51st State talk and didn’t address the PM as ‘governor’ while saying that there would be a good deal for the US and Canada.I suspect the relationship has bottomed and that’s a big opportunity in many trades. That…
Says Denmark has underinvested in security architecture in GreenlandWill respect the self-determination of GreenlandersGreenland is less secure than it was 30, 40 years agoHe’s right about Greenland being less secure but he’s not right about who it’s less secure from.That said, the ‘self-determination’ line is the most-dovish thing anyone in the White House has said about Greenland. Joining the US for them polls at about 10%. This article was written by Adam Button at www.forexlive.com. Source link
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