Author: FX
Factbox-Inside U.S. nuclear energy landscape as Trump seeks to fast-track reactor approvals Source link
DXY tumbles below 99.50, down 1.8% for the week amid broad risk-off sentiment.Trump threatens 50% tariffs on EU goods, 25% on Apple products made overseas.Markets eye upcoming FOMC Minutes, GDP, and core PCE data for policy signals.The US Dollar Index (DXY), which tracks the value of the US Dollar (USD) against a basket of six major currencies, slumps sharply on Friday, down over 1.8% for the week after posting a modest gain on Thursday to trade around 99.10 near a two-week low, ahead of the weekend. Although the US Dollar was already facing headwinds due to lingering trade tensions and growing…
Crude oil is settling the day up $0.33 on the day at $61.53. The high today reached $61.84. The low was at $60.06. For the trading week, the price is closing down marginally by about – $0.34 or -0.54%. The high for the week was at $64.14. The low was at $60.06. The decline this week was the first in 3 weeks as expectations of another OPEC+ production increase and concerns and uncertainty about growth given the tariffs environment weighs on price as well.Technically, the price action this week was above and below the 100/200 hour MA (blue and green…
USDJPY dailyBank of America maintains a bullish USD/JPY outlook, projecting the pair to rise to 155 by end-2025, citing a mix of domestic political, fiscal, and trade-related risks in Japan. They expect JPY and JGBs to weaken over the summer as structural pressures mount.Key Points:Japan-US Trade Talks Stalled:Lack of progress in bilateral trade negotiations reduces the appeal of Japanese assets, potentially delaying BoJ hikes and creating a twist-steepening in the JGB curve.Fiscal Concerns Grow:Calls for tax cuts from opposition parties and even some ruling coalition members threaten fiscal discipline. With PM Ishiba’s approval ratings under pressure, fiscal expansion may become…
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…
Credit Agricole sees the return of the “USD frown”—the relationship between USD and US equity/FI performance—driving near-term USD weakness. But they dismiss fears of a full-blown crisis akin to the UK’s “Truss moment,” citing continued global demand for Treasuries and the USD’s reserve status.Key Points:USD Selling on Risk Aversion:Investors are selling USD as US equities weaken and Treasury yields rise, fearing capital outflows and fragility in US fixed income following Moody’s sovereign downgrade.Political and Policy Concerns:Stalled fiscal stimulus talks in Congress and Fed commentary on stagflation risks have amplified worries over the macro backdrop and reinforced the USD’s vulnerability to…
AUDUSD technicalsThe AUDUSD is pushing higher today, extending above Wednesday’s high of 0.6469 and reaching a session peak of 0.6494. The pair is up 1.26% on the day, with an 87-pip trading range, well above the 22-day average of 72 pips—highlighting strong momentum in favor of buyers.Technically, the rally began in the early Asian session as the pair found support at an upward-sloping trendline. That bounce encouraged buyers, and the bullish tone strengthened once price broke above the converged 100- and 200-hour moving averages (blue and green lines on the chart near 0.6434).A brief dip in the early U.S. session…
Fritz Jorgensen/iStock Editorial via Getty ImagesVerbraucherzentrale NRW, a German consumer rights group, was unable to secure a court injunction against Meta Platforms (NASDAQ:META) to stop the tech giant from training its artificial intelligence models with user posts made on its social media platforms Facebook Source link
USD/CAD extends five-day losing streak, down nearly 1.30% this weekCanadian Retail Sales rise 0.8% in March, excluding autos it hit -0.7%.The US Dollar sinks to a two-week low amid fiscal concerns and stalled trade talks.The Canadian Dollar (CAD) strengthens further against the US Dollar (USD) on Friday, marking a five-day rally. The USD/CAD is down nearly 1.30% this week, with the pair slipping below the 1.3800 psychological mark to trade near a two-week low as traders reacted to mixed Retail Sales data from Canada.The Loonie pair was already under pressure earlier in the day due to a broadly weak US…
WTI crude oil could be getting exhausted from its climb, as the energy commodity formed a double top on its hourly chart. Can it break below the neckline soon? WTI Crude Oil 1-hour Forex Chart by TradingView An improving global trade outlook on the heels of agreements between the U.S. and the U.K. plus a 90-day tariffs truce between the U.S. and China allowed crude oil to rally throughout the first half of May. However, the positive sentiment seems to be fading, leading the commodity to retreat from the $64 per barrel major psychological mark and dip back to support…