Author: FX
With New Zealand’s Q4 CPI coming in slightly above expectations and Trump’s tariff threats creating market uncertainty, NZD/CHF may be setting up for an interesting move as we head into busy weeks ahead. This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term strategies High-impact economic event trading guides Access to exclusive MarketMilk™ sections Plus More! Source link
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The US Dollar regained some balance and managed to set aside part of the weekly pullback as market participants continued to assess headlines around Trump 2.0. Here is what you need to know on Thursday, January 23: The US Dollar Index (DXY) clawed back some gains, although a move above the 108.00 hurdle appeared elusive for the time being. The usual weekly initial Jobless Claims take centre stage, seconded by the EIA’s report on US crude oil inventories. EUR/USD’s upside momentum lost some impetus in the area of multi-week peaks north of 1.0400 the figure. The European Commission will publish…
primeimagesBarfresh Food Group (NASDAQ:BRFH) was the biggest gainer in the packaged food sector on Wednesday, with a 16.5% swing higher on above-average volume. The stock is now up more than 30% since announcing last week multiple new customer wins on the Source link
Investing.com — Microsoft Corporation (NASDAQ:)CEO Satya Nadella shrugged off funding concerns raised by Elon Musk over the $500 billion AI infrastructure project, Stargate, spearheaded by President Trump. “All I know is, I’m good for my $80 Billion,” Nadella told CNBC when asked about Musk’s remarks that the project lacks sufficient funding. Musk, CEO of Tesla (NASDAQ:) and a Trump ally, claimed the initiative, involving OpenAI, Oracle (NYSE:), and SoftBank (TYO:), is underfunded. He said SoftBank has secured “well under $10 billion” and expressed skepticism about its ability to meet the financial demands. The Stargate project, billed as the “largest AI…
The NZDUSD has not been without it’s volatility since the US inauguration on Monday. However, the highs reached on Monday, and Tuesday and again today, stalled near the earlier January highs and the 38.2% retracement of the move down from the end of November high. That “ceiling” has gotten stronger. Buyers would need to get and stay above that area (between 0.56837 to 0.56917) to take more control. Absent that and the ceiling is a ceiling.On the downside, the low from the day at 0.5648 is the next target. Trading to a new low for the day should give the…
The US Dollar consolidates on Wednesday after two days of losses as the correction aims to continue. Traders mull over the 10% levy over Chinese goods President Trump announced on Tuesday. The US Dollar Index (DXY) tests the 108.00 mark and is set to head to the lower end of 107.00 The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, turns flat just below the 108.00 mark in the European trading session on Wednesday. However, selling pressure persists after US President Donald Trump released more comments on a possible 10% levy on all Chinese imports…
Investing.com — Barclays (LON:) has downgraded STMicroelectronics NV (EPA:) to an “underweight” rating from its previous “equal weight” revision, citing heightened risks and valuation concerns. The analysts cited STM’s exposure to the Chinese market (about 15% of its revenue) as a major concern. Given the escalating trade restrictions and China’s push for semiconductor self-sufficiency, Barclays warns that STM could face significant headwinds if access to the Chinese market diminishes. The report also raises doubts about STM’s ability to meet its medium-term growth targets without robust contributions from its China operations. Additionally, the report points to STM’s high channel inventory in…
Fundamental OverviewThe USD has been marginally weaker recently due to lower than expected US inflation figures last week that sent Treasury yields lower and made the market to price in higher chances of a second rate cut by the end of the year. We’ve also got lots of whipsaws in the last couple of days caused by tariffs headlines. On Monday, the greenback weakened across the board following a WSJ report saying that Trump would lay out the trade vision but won’t impose tariffs yet. Yesterday, on the other hand, the US Dollar strengthened as Trump spoke to the media…
WTI price depreciated as US President Donald Trump reaffirmed his proposal for a 10% tariff on imports from China. Oil prices declined as markets assessed the impact of President Trump’s declaration of a national energy emergency. US sanctions on Russia have disrupted physical Oil and tanker markets, providing support to Oil prices. West Texas Intermediate (WTI) Oil price declines for the fifth consecutive session, trading near $75.40 per barrel during European trading hours on Wednesday. The drop in crude Oil prices comes after US President Donald Trump reiterated his proposal for a 10% tariff on imports from China, the world’s…