Author: FX
Trump reiterates tariff threats on Mexico, Canada, and China. Fed maintains cautious stance on inflation risks, holding rates steady. AUD/USD hovers near 0.6215 amid RBA rate cut bets and China’s economic slowdown. The AUD/USD pair trades slightly higher at 0.6215 in the Asian session on Friday but remains under pressure due to fresh tariff threats from US President Trump. Market participants continue to anticipate a dovish shift from the Reserve Bank of Australia (RBA) in February, adding to the Aussie’s downside risks. Trade tensions weigh on sentiment Trump reaffirmed plans to impose tariffs on Mexico, Canada, and China, fueling safe-haven…
The US Dollar consolidates ahead of this week’s close. The weekend is expected to be an eventful one with Saturday, the US being set to impose tariffs on Mexico and Canada. The US Dollar Index (DXY) moves further away from 108.00 and resides near the fresh weekly high at 108.37. The US Dollar Index (DXY), which tracks the performance of the US Dollar against six major currencies and currently trades at 108.35 at the time of writing, is heading higher on Friday after receiving quite a few tailwinds just ahead of the weekend. The first tailwind comes from US President Donald…
Direction of travel is clear, pace is pragmaticECB should exercise agile pragmatism in pacing future cutsRise in long-term yields limiting the easing of overall financial conditionsThis is some clear communication. The market sees about 75 bps in easing this year to 2.00%. This article was written by Adam Button at www.forexlive.com. Source link
Silver’s breakout last session fueled strong price action (+3.5% close/close in SIH5) associated with several consecutive CTA buying programs that ultimately increased their net length by 70%, which is only equivalent to +13% of CTAs’ max size given repeated whipsaws have diminished trend signals’ strength, TDS’ Senior Commodity Strategist Daniel Ghali notes. XAU/XAG ratio remains at elevated level”Nonetheless, we expect this strength in prices to attract subsequent discretionary trader interest, given this cohort remained nearly flat as of last week, with gold printing new all-time highs and the XAU/XAG ratio remaining at elevated levels. Interestingly, under the hood, the cross-section…
MarineMax stays aggressive with a new acquisition in the heart of the Florida Keys Source link
In his book, “Mechanical Trading Systems: Pairing Trader Psychology with Technical Analysis,” author Richard Weissman identifies three basic trader personality profiles. Can you identify with one of the trading personalities below? Let’s discuss the trend-followers, day traders, and mean reversion traders: 1. Trend-Following Trader Weissman enumerates two traits necessary for successful trend followers: patience and fortitude. Trend-following mechanical systems get traders in strong directional moves, and signals typically form when the trend has already begun. A typical entry strategy may be to buy at recent highs or sell at recent lows, anticipating that the price will make a new high or low later on. This may seem…
Yen set for best January since 2018; dollar firm ahead of tariff deadline Source link
Fundamental OverviewThe S&P 500 continues to maintain a positive outlook although it came under some pressure recently as the DeepSeek news weighed on overvalued AI stocks.The market has been making new highs ever since the last US inflation data as it marked the top in the repricing of rate cuts expectations and inflation fears. The Fed on Wednesday kept interest rates unchanged as widely expected and Fed Chair Powell maintained a neutral stance as they are waiting for more inflation progress and more clarity on Trump’s policies before cutting again.The market is now back in expecting two rate cuts by…
The Committee decided to maintain the target range for the Fed funds rate at 4.25-4.50% at the January meeting; the decision was unanimous, OCBC’s FX Frances Cheung and Christopher Wong analysts note. Current monetary policy is ‘meaningfully above the neutral rate'”The Statement was seen as carrying a hawkish tilt on two fronts: 1/It dropped the reference that ‘inflation has made progress towards the Committee’s 2 percent objective’; and 2/ it also dropped the assessment that ‘the labor market conditions have generally eased’. Powell sounded more dovish at the post-meeting press conference, saying the economy is strong overall, and ‘has made…
GE HealthCare invests $138M in Cork, Ireland manufacturing facility Source link