Author: FX
Pope Francis, first Latin American pontiff, dies after stroke and cardiac arrest Source link
A bot of another ICYMI, this time Morgan Stanley analysts warn that companies are facing the highest level of uncertainty since the early days of the pandemic. This growing murkiness is pressuring earnings estimates and accelerating downward revisions.A key source of unease is President Donald Trump’s unpredictable tariff policy, which has left many firms struggling to plan effectively. Although there is currently a 90-day pause on some reciprocal tariffs, blanket 10% levies and targeted duties on steel, autos, and aluminum remain, while U.S. tariffs on Chinese imports have surged to at least 145%. China has retaliated with 125% duties of…
USD/JPY dives to the 140.50 region amid renewed political threats to Fed independenceTrump’s remarks intensify fears of institutional instability, weighing further on the US DollarMomentum signals remain bearish, with next key support eyed near 139.60The USD/JPY pair slumped on Monday during North American trading, falling sharply toward the 140.50 mark as the broader market reacted to escalating concerns surrounding the Federal Reserve’s independence. The Greenback extended its downtrend after US President Donald Trump reiterated his displeasure with Fed Chair Jerome Powell, accusing him of politically motivated rate adjustments in late 2024. The situation has sparked intense speculation over Powell’s future…
The U.S. dollar slumped to its lowest level since late 2023 on Monday, primarily driven by China’s warning that it would retaliate against nations cooperating with the U.S. in trade deals that compromise Beijing’s interests. President Trump’s renewed criticism of Fed Chair Jerome Powell further pressured the greenback, capping recovery attempts in early U.S. trading. Key factors driving today’s market: China threatened countermeasures against countries aligning with U.S. trade policies U.S. Dollar Index futures fell as much as 1.45% from session open Trump’s criticism of Powell added to dollar weakness after a brief early-session bounce Treasury yield curve steepened with…
Pope Francis spent final day working, despite doctors' orders Source link
Trump today wrote that he stands behind Hagseth but maybe not if this story is correct. There could be pressure from Congress on this one.Could something like this buy Iran more time? I’d say on net it makes the US less likely to do anything militarily that could boost oil prices.Update: Republican congressman Bacon now says Hegseth should go. This article was written by Adam Button at www.forexlive.com. Source link
Gold price trades at a fresh all-time high near $3,425 as Trump mulls the removal of Fed Powell for supporting a “wait and see” approach on interest rates.Questions over the Fed’s independence have weighed on the US Dollar significantly.President Trump expresses confidence in trade talks with a few trading partnersGold price (XAU/USD) trades at a new all-time high near $3,425 during North American trading hours on Monday. The precious metal strengthens as the US Dollar (USD) bleeds, with the Federal Reserve’s (Fed) independence coming under threat as United States (US) President Donald Trump considers removing Fed Chairman Jerome Powell. The US…
USD/CHF comes under intense selling pressure on Monday amid a combination of factors. Trade-related uncertainties weigh on investors’ sentiment and benefit the safe-haven CHF. US recession fears and bets for more aggressive Fed rate cuts weigh on the Greenback.The USD/CHF pair attracts heavy selling at the start of a new week and plummets to levels just below mid-0.8000s, or the lowest since January 2015 during the first half of the European session. The downfall confirms a fresh breakdown through a one-week-old trading range support and suggests that the path of least resistance for spot prices is to the downside. The…
Pope Francis shook up Church with simplicity, raising conservative ire Source link
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