Author: FX

past two days in the SPXIt was another rollercoaster in North American equity markets. There were some fresh tariff threats and the market is continue to digest some of the tariffs from earlier in the week.That was met with some dip buying in chipmakers and some beaten-up names. The big turn came at noon ET as the S&P 500 climbed 100 points from the lows.Closing changes:S&P 500 +31 points or +0.55%Nasdaq Comp +0.7%DJIA +0.5%Russell 2000 +0.65%Toronto TSX Comp +0.7%The weekly numbers are more-humbling:S&P 500 -3.1%Nasdaq Comp -3.5%DJIA -2.4%Russell 2000 -4.0%Toronto TSX Comp -2.5%This is the third straigh week of losses…

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…

Australian Dollar weakens as disappointing US labor data increases risk-off sentiment. US NFP report came in below forecasts, while wages slowed, raising concerns over economic resilience. China’s trade data revealed weaker imports, amplifying pressure on the Aussie. Technical indicators suggest increasing downside risk as AUD/USD approaches key support levels. The Australian Dollar extended losses on Friday against the USD after the release of the US Nonfarm Payrolls (NFP) report. The AUD/USD pair struggled to recover as risk sentiment deteriorated with traders reacting to weaker-than-expected job growth and softer wage gains. Meanwhile, China’s trade balance data showed an unexpected drop in…

US Nonfarm Payrolls show steady job growth, but Fed remains in no rush to cut rates. Powell reiterates that inflation path will be “bumpy,” keeping policy steady for now. PBoC adds 10 tonnes of Gold in early 2025, while Poland’s NBP purchases 29 tonnes. Gold prices fell on Friday as the Greenback trims some of its losses and US Treasury bond yields recover following the release of a US jobs market report. At the time of writing, the XAU/USD trades at $2,907, down 0.11%. The US Bureau of Labor Statistics (BLS) released the February Nonfarm Payrolls (NFP) report, which showed…

As the trading week, comes to a close the USD is ending with sharply lower levels:EURUSD. The EURUSD is up 466 pips or -4.49% vs the USD in the trading week. That is the largest % move going back to March 2009USDJPY: The USDJPY fell -255 pips or -1.70% vs. the USD this week.GBPUSD: The GBPUSD is currently up 342 pips or -2.71% vs the USD. The % change is the largest move since November 2022.USDCHF: The USDCHF is down -224 pips or -2.48% vs the USD. The % change is the largest since July 29, 2024 week.USDCAD: The USDCAD…

DXY plunges further, losing over 3.5% this week. February’s Nonfarm Payrolls miss expectations and the unemployment rate rises. Fed officials signal multiple rate cuts in 2025, fueling more USD weakness. Tariff uncertainty continues as President Trump hints at new Canada levies. The US Dollar Index (DXY) extends its brutal slide on Friday, heading for its worst weekly performance in over a year as traders accelerate the selloff ahead of the February employment report. The Greenback is now in freefall, with expectations of multiple Fed rate cuts and growing economic uncertainty driving capital outflows. Meanwhile, tariff-related volatility continues, with United States…

There is a nice afternoon turn in risk sentiment unfolding. The S&P 500 is now up 33 points to 5771 after falling as low as 5666. That’s a +100 turn in the index from the lows at noon ET.I didn’t see anything particularly notable from Powell as he remained in a ‘wait-and-see’ mode. If anything, he didn’t sound overly worried about rising inflation expectations or tariff inflation. Still, pricing for a rate cut in May has come down today to 36% from as high as 60% earlier in the week and close to 50% yesterday.Yields are rising with US 2s…

AI imageThere is a bit of a carrot-and-stick approach from the White House on Russian sanction today. Trump tweeted about raising Russian sanctions in order to get peace but now Reuters reports that they’re examining removing existing sanctions as an incentive to reach a deal.The report says the White House has asked the Treasury to expore options for easing energy sanctions ahead of expected talks in Saudi Arabia in the coming weeks. The report also says the Treasury is studying how removing Russian sanctions could change global oil trading patterns.I would expect this headline to weigh on oil, and it’s…

The Dow Jones dipped to fresh lows before rebounding after NFP data print. The US added less jobs than expected in February while unemployment ticked higher. Previous wages, unemployment, and NFP net job gains were all revised lower. The Dow Jones Industrial Average (DJIA) struggled on Friday, falling to a fresh seven-week low below 42,200 before staging a mild recovery to the 42, 800 region. The Dow Jones is still sharply lower on the week, falling 2.6% from Monday’s opening bids as trade war concerns weigh on investor sentiment, as well as middling data prints that hint at cracks developing…

Federal Reserve (Fed) Board of Governors member Adriana Kugler hit newswires with cautionary comments on Friday that whiplash trade policies could do a lot of damage, including pinning inflation at a persistently higher level. Key highlights It is possible that we’ll see more persistent inflation due to policies. I am paying a lot of attention to inflation expectations. I don’t expect government job cuts to show up suddenly. I am watching very closely for any sudden job market changes. Wage gain moderation has helped lower inflation. I am not that worried about small uptick in unemployment rate. The February jobs…