Author: FX
Russian state media, RIA Novosti is reporting a joint statement from US and Russia is expected on Tuesday.talks between the two delegations in Riyhad concluded on Mondaydiscussion on trying to reach a Black Sea maritime ceasefire deal, among other issuesMeanwhile, Trump listed the other issues: talking about territory right nowtalking about lines of demarcationtalking about power, power plant ownership This article was written by Eamonn Sheridan at www.forexlive.com. Source link
Silver steadies near $33.00 after bears lose momentum at $32.89 intraday low. ‘Quasi gravestone doji’ hints at potential shift as bulls defend narrow support range. A break above $33.30 opens path to $33.94; downside risks if $32.90 support fails. Silver’s price was flatline on Monday, hovering around $33.00 an ounce, snapping three consecutive days of losses. As the Asian session begins, XAG/USD remains firm and virtually unchanged. XAG/USD Price Forecast: Technical outlook Silver price formed a ‘quasi gravestone doji’ that usually appears in an uptrend, signifying a pause or end of the trend. Nevertheless, as it is preceded by a…
There are strong headwinds against boosting potential growthWe must facilitate AI as the most likely general-purpose tech that can move the needed on growth in the economyWe must also invest in new skills in the labour forceWe have been forcefully reminded that trade policy has to include a national security dimensionHe’s not really addressing monetary policy here. This article was written by Adam Button at www.forexlive.com. Source link
United States (US) President Donald Trump spoke with reporters in Washington, DC on Monday, re-announcing plans to issue additional tariffs on automobiles, aluminum, and pharmaceuticals “soon”. This follows the Trump administration’s recent unilateral 25% import tax on all steel and aluminum entering the US. President Trump also took the opportunity to make a new tariff threat, announcing that the US would be imposing an additional 25% tariff on all goods coming to the US from countries that buy Venezuelan Crude Oil products. Never one to miss an opportunity to make a statement, Donald Trump also touched on a wide variety of…
We got some good weekend news on tariffs for a change as Bloomberg’s Josh Wingrove reported that tariffs are now planned to be more targeted than threatened.”It’s shaping up as more focused than the sprawling, fully global effort Trump has otherwise mused about, officials familiar with the matter say,” the report says.The optimism might be misplaced as it highlights that the countries spared will be the ones with trade deficits to the USA or barely any trade at all. Still, it’s a change in tone S&P 500 future are up 64 points, or 1.1%.In terms of today’s economic calendar, the…
In trading, actively managing open positions is just as important as coming up with your plan. Here are three tips to help you manage your active trades. 1. Stay in touch with the market. Whether you’re a hardcore technical or fundamentals trader, or maybe a little bit of each, you can’t deny that economic reports influence price action. This is why it pays to keep tabs on the events that pose risks to your trades. Some say that the market’s reaction to the news is more important than the news itself. But how can you make the most out of a reaction if you…
Euro (EUR) fell for a 3rd consecutive session. EUR was last seen trading at 1.0834 levels, OCBC’s FX analysts Frances Cheung and Christopher Wong note. Risks skewed to the downside in the interim “The German/European spending plans and hopes of a Ukraine peace deal are positive catalysts for EUR but given the sharp runup in EUR, and ahead of reciprocal tariff risks on 2 Apr, we continue to caution for risk of near-term pullback. To add, TRY sell-off may also have spillover effects on EUR, given some exposure of European banks to Turkish borrowers (about EUR100bn).” “On tariffs, it remains…
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The talks will involve delegations from both countries and will be taking place in Riyadh again. Do be aware that the US camp had met with their Ukrainian counterparts separately late last night.The supposed ceasefire has been nothing but that with both Russia and Ukraine still sending drones to attack each other all through the week. Kyiv suffered one of its heaviest attacks over the weekend, with three people killed during Russia’s drone strike. This article was written by Justin Low at www.forexlive.com. Source link
The Indian Rupee gains ground in Monday’s early European session. Fresh foreign and USD inflows support the INR. HSBC India Manufacturing PMI rose to 57.6 in March vs. 56.3 prior; Services PMI eased during the same reported period. The preliminary reading of the US S&P Global PMI report will be the highlight later on Monday. The Indian Rupee (INR) trades stronger on Monday after closing its strongest in over two months. Positive domestic equities and fresh foreign fund inflows could provide some support to the Indian currency. Additionally, the US Dollar (USD) inflows help mitigate the impact of the decline…