Author: FX
US President Donald Trump commented on Friday that he will maintain 10% universal tariffs on imports, even after trade agreements are reached with other countries. He added that there would be exemptions if their counterparts offered advantageous trading terms.Trump said to expect new trade deals in the coming weeks, but “we always have a baseline of 10%.” US-China Trade War FAQs Generally speaking, a trade war is an economic conflict between two or more countries due to extreme protectionism on one end. It implies the creation of trade barriers, such as tariffs, which result in counter-barriers, escalating import costs, and…
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…
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 US Dollar holds steady as global trade negotiations remain in focus.The PBoC continues Gold purchases, signaling long-term interest.Chinese Copper production expands, reducing reliance on imports.The Australian Dollar (AUD) remains under pressure as global trade uncertainties persist, particularly surrounding the US-China trade talks. While there has been a slight rebound in copper production from China, trade deals and economic policies continue to impact sentiment in the market, with limited positive moves for the Aussie.Daily digest market movers: Aussie steady ahead of trade talksThe US Dollar (USD) holds steady as the market reacts to trade deal uncertainties and key upcoming data.Copper…
The major indices closed mixed of the day and modestly lower for the week.A snapshot of the closing levels it shows:Dow industrial average fell -119.07 points or -0.29% at 41249.38.S&P index fell -4.03 points or -0.07% at 5659.91.NASDAQ index rose 0.78 points or 0.0% at 17928 .92.Russell 2000 fell-3.34 points or -0.16% at 2023.07For the trading week:Dow industrial average -0.16%S&P -0.47%NASDAQ index -0.27%Russell 2000+0.11% This article was written by Greg Michalowski at www.forexlive.com. Source link
Mexican Peso shrugs off soft data, extends four-day rally as traders eye US-China meeting in Switzerland.Mexico’s Consumer Confidence dips for seventh month; auto exports slump under new US tariffs.Fed officials maintain wait-and-see approach, highlighting uncertainty over tariff impact on US economy.The Mexican Peso (MXN) registered modest gains versus the US Dollar (USD) on Friday as market participants turned cautious ahead of the US-China talks in Switzerland. The emerging market (EM) currency remained unfazed by a worse-than-expected economic outlook as Mexico’s data continued to deteriorate.At the time of writing, the USD/MXN trades at 19.46, below its opening price by 0.33%, testing…
US yields moved modestly higher for the 2nd consecutive week. 2-year yield 3.883%, up 6.1 basis points for the week. That comes after a 6.6 basis point gain last week.5-year yield 3.994%, up 7.7 basis points for the week. Last week yields rose 4.0 basis points.10-year yield 4.382% up 7.4 basis points for the week. Last week yields moved up 5.3 basis points30-year yield 4.840%, up 5.1 basis points for the week. Last week yields moved up 6.8 basis points.Looking at the 10-year yield, the 100-day moving averages at 4.254%. The yield low this week reached 4.260% just above the…
zorazhuang/iStock via Getty ImagesEnbridge (NYSE:ENB) +0.6% in Friday’s trading after beating Q1 adjusted earnings expectations, driven in part by higher earnings from its Mainline crude pipeline system – the largest in North America – which it said customers want to see expanded in spite of Source link
Today, we’ve got significant news regarding potential tariff reductions on China. President Trump suggested that “80% Tariff on China seems right” ahead of upcoming trade talks with Chinese officials. This would represent a substantial decrease from the current tariffs, which reach as high as 145%. What’s particularly interesting—and telling—is the stock market’s tepid reaction to this news. Despite what would typically be considered positive for the economy (lower tariffs), the stock market hasn’t responded with enthusiasm. As of writing, stocks are slightly down, which suggests one of two things (or both): 1. The market doesn’t believe these tariff reductions will materially…
According to Reuters,:Iran is preparing to send Russia launchers for short range ballistic missiles.That is a negative for two reasons. For one, the US is trying to put a governor on Iran and have them get more in line. The second isssue is the US and Trump administration is getting increasingly frustrated with Russia’s behavior with regard to promises made and broken in Ukraine. So two bad actors are potentially acting up. This article was written by Greg Michalowski at www.forexlive.com. Source link