Author: FX

Bet_Noire/iStock via Getty ImagesEurope is ready to respond in a “proportionate way” if U.S. President Donald Trump imposes any tariffs, Valdis Dombrovskis, EU commissioner for economy and productivity, told CNBC in an interview on the sidelines of the World Economic Forum in Davos, Switzerland. Source link

LONDON (Reuters) – Oracle (NYSE:) shares jumped nearly 9% in Frankfurt on Wednesday, after U.S. President Donald Trump said the company would make a large investment in artificial intelligence infrastructure, together with OpenAI and SoftBank (TYO:). The joint venture, called Stargate, plans to invest $500 billion, Trump said at the White House the previous day. Oracle shares rose 3% after the closing bell on Tuesday, having finished regular trading up 7%, boosted by reports of the joint venture. Source link

This pound pair made a pretty strong bounce off a solid long-term support zone and could now be setting its sights on the next bullish targets. Just how high can it go from here? Check out these nearby inflection points! GBP/CAD 4-hour Forex Chart by TradingView Sterling didn’t exactly start this year off on the right foot, surging U.K. bond yields put the government’s spending plans in jeopardy, dragging GBP/CAD sharply towards the long-term floor at the 1.7500 handle. Bulls were quick to defend this support zone, though, as falling crude oil prices eventually weighed on the correlated Loonie. Can…

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Markets turned their attention to Trump’s return to office, with stocks rallying on eased trade fears. Meanwhile, oil slipped as U.S. production worries mounted, and bitcoin recovered from a sharp drop thanks to the creation of a new crypto-focused task force. We’re breaking down yesterday’s major price reactions! Headlines: Trump shared the option of imposing 25% tariffs on Mexico and Canada as early as February 1 U.K. Unemployment Rate for November 2024: 4.4% (4.3% forecast/previous); Claimant Count Change for December 2042: 0.7k (15.0k forecast; -25.1k previous); Average Earnings excl. Bonus (3Mo/Yr) through November 2024: 5.6% (5.4% forecast; 5.2% previous) Germany…

Silver price could test its initial resistance at the ascending channel’s upper boundary at $31.80. The short-term momentum is robust, as the XAG/USD pair is trading above both the nine- and 14-day EMAs. The immediate support seems to be around the nine-day EMA at $30.47 and the 14-day EMA at $30.32. Silver price (XAG/USD) extends its gains for the third successive session, trading around $30.80 per troy ounce during Asian hours on Wednesday. A daily chart analysis indicates a prevailing bullish bias for the precious metal, as its price continues to rise within an ascending channel pattern. Short-term momentum is strong,…

New Zealand’s consumer price inflation came in slightly above expectations in the fourth quarter of 2024, rising 0.5% quarter-on-quarter and holding steady at 2.2% annually. This is marginally above the RBNZ’s forecasted 2.1% annual CPI level but still within the central bank’s target inflation range. Key Takeaways: Core inflation remained elevated at 3% annually, indicating persistent underlying price pressures Non-tradeable inflation eased to 4.5% annually from 4.9% in Q3, suggesting domestic price pressures are gradually cooling International air transport and second-hand car prices were major contributors to the quarterly increase Transportation costs played a significant role in the quarterly figures,…

Canadian consumer prices fell 0.4% month-over-month in December, bringing the headline inflation rate slightly lower to 1.8% from November’s 1.9%. The decline was heavily influenced by the mid-month GST/HST holiday that took effect December 14th. The tax break had notable impacts across several consumer categories: Food from restaurants plunged 4.5% m/m Alcoholic beverages dropped 4.1% m/m Toys and games decreased 7.1% y/y Grocery prices moderated, bringing yearly food inflation down by 1.6% y/y Meanwhile, core inflation measures revealed underlying pressures. While the Bank of Canada’s (BOC) preferred gauges eased slightly – median CPI dipped to 2.4% and trimmed mean CPI…

(Reuters) – U.S. President Donald Trump vowed to hit the European Union with tariffs and said his administration was discussing imposing a 10% tariff on goods imported from China on Feb. 1 because fentanyl is being sent from China to Mexico and Canada. Trump, speaking to reporters at the White House, said he had already imposed large tariffs on China during his first term. He said the European Union and others also had troubling trade imbalances with the United States. “The European Union is very, very bad to us,” he said, repeating comments made Monday. “So they’re going to be…

Struggling to make sense of Forex market trends? Understanding Forex Market Trend Analysis is key to smarter trades. This blog breaks down tools, strategies, and techniques for analyzing trends. Get ready to trade with confidence! Key Takeaways Forex market trends show price movements: upward (bull run), downward (bear run), or sideways. Traders use these to decide when to buy, sell, or hold. Tools like trendlines, channels, and moving averages help traders find trends and predict price changes. Technical indicators such as RSI and MACD are useful for spotting opportunities. Volume confirms strong trends in the market moves. High volume supports…