Author: FX
This week our currency strategists focused on the Australian Q4 2024 CPI report and FOMC monetary policy statement for potential high-quality setups in the Kiwi and U.S. Dollar. Out of the eight scenario/price outlook discussions this week, two discussions arguably saw both fundie & technical arguments triggered to become potential candidates for a trade & risk management overlay. Watchlists are price outlook & strategy discussions supported by both fundamental & technical analysis, a crucial step towards creating a high quality discretionary trade idea before working on a risk & trade management plan. If you’d like to follow our “Watchlist” picks…
Marc Bruxelle/iStock via Getty ImagesCanada Prime Minister Justin Trudeau said Canada will place 25% tariffs on $155 billion in U.S. imports in retaliation for those tariffs enacted by President Donald Trump. On Saturday, Trump imposed 25% tariffs on most imports from Canada and Mexico and a Source link
Mexico vows retaliation to Trump tariffs without detailing targets Source link
Forex trading can be an emotional rollercoaster. Many traders struggle to keep their feelings in check. Emotional discipline is key to success in forex trading goals. This guide will help you master your emotions and boost your trading skills. Key Takeaways Emotions like fear, greed, and overconfidence can hurt forex trading profits. Common traps include FOMO, revenge trading, and overtrading. A solid trading plan helps control emotions and guides decisions. Risk management tools like stop-loss orders protect capital. Keeping a trading journal builds self-awareness and improves skills. Emotional Discipline in Forex Trading Success Emotions can make or break your forex…
Executive order on Canada/Mexico/China come into effect on Feb 4New Canada tariffs don’t apply to goods loaded onto vessels or in transit before Feb 4Can remove new Canada tariffs if enough steps taken to reduce health crisisCanada is promising to announce retaliation later today after he speaks with Mexico’s President (whom we haven’t heard from).I still see room to negotiate here and the delays to implementation hint at an opening. The WSJ isn’t pulling any punches. This article was written by Adam Button at www.forexlive.com. Source link
Reaction to Trump's imposition of tariffs on Mexico, Canada, China Source link
Feb. 01, 2025 6:30 PM ETDIS, AAPL, AMZN, MSFT, CMCSA, T, GM, BA, MA, INTC, PEP, XOM, PFE, SBUX, LLY, CVX, LMT, HON, TMUS, KKR, V, PM, TSLA, META, GOOGL, UBER, PLTRBy: Akanksha Khushi, SA News Editor koto_feja Despite a sharp tech sell-off earlier this week sparked by the launch of Chinese startup DeepSeek’s AI model, major market indices on Wall Street rebounded on Friday. The week began with a jolt in Silicon Valley following DeepSeek’s release of Source link
Tariff to be on 25% of all Canadian imports except 10% on energy products25% tariffs on all Mexican products (no exemptions)Retaliation clause calls for further action, likely increased tariffsTariffs on China to include 10% tariffs on all China exports to US on top of existing tariffsRefers to International Emergency Economic Powers Act (IEEPA) lawChina has refused to cooperate with measures to restrict fentanylCanada is playing an increasing role in fentanyl shippingTariff on Canada revokes de minimis waiverThere are some moving parts here with the retaliation clause as Canada has pledged to announce (if not implement) counter-tariffs in an hour. A…
Feb. 01, 2025 3:43 PM ETSPY, XLB, IP, EMN, APD, FMC, LYB, LIN, DOW, CTVABy: Arundhati Sarkar, SA News Editor anyaberkut/iStock via Getty Images As the second-busiest week of earnings come to an end, nine materials stocks that belong to the S&P 500 Materials Sector (XLB) reported their quarterly results. Quarter-to-date, XLB has climbed about 6% compared to a 3.6% run in the SPY ( Source link
Trump says U.S. carries out airstrikes on Islamic State in Somalia Source link