Author: FX
NZD/USD trades with mild gains around 0.5640 in Tuesday’s early Asian session. The USD softens in choppy trade on Trump tariff confusion. The upbeat economic data and supportive measures from China could support the Kiwi in the near term. The NZD/USD pair trades on a stronger note around 0.5640 during the early Asian session on Tuesday. The weakening of the US Dollar (USD) on confusion about President-elect Donald Trump’s tariff plans provides some support to the pair. The US ISM Services Purchasing Managers Index (PMI) for December is due later on Tuesday. The Washington Post reported on Monday that Trump is…
imaginima/iStock via Getty Images ONEOK (NYSE:OKE) announced, on Monday, two executive leadership appointments, both of which are effective immediately. Randy N. Lentz, chief executive officer and founder of Medallion Midstream, is assuming the newly created position of executive vice president and chief operating officer. Source link
There has been a round trip in a number of risk assets on the Trump tariff story and the subsequent denial. Stock markets have largely held up but that could be changing as we enter the latter parts of the day.The S&P 500 is up 33 points to 5975 after rising as high as 79 points, or 6021. The index is now into the opening gap.SPX 10 minutesThis is an early signal for the incoming administration: If you’re going to trade on tariff headlines, you’re going to have a bad time. Source link
By Alexandra Alper and Aatreyee Dasgupta (Reuters) -U.S. President Joe Biden violated the Constitution by blocking Nippon Steel’s $14.9 billion bid for U.S. Steel through a sham national security review, the companies alleged in a lawsuit they said was filed on Monday. The companies want the federal court to scrap Biden’s decision to scuttle the deal so they can secure another shot at approval through a fresh national security review unfettered by political influence. The lawsuit alleges Biden prejudiced the decision of the Committee on Foreign Investment in the U.S. which scrutinizes foreign investments for national security risks, and violated…
GBP/USD swings amid US tariff speculation, Trump comments The Pound Sterling begins the week on the front foot against the US Dollar after news emerged that US President-elect Trump’s aides are considering tariffs on “certain sectors,” according to the Washington Post. Nevertheless, recent news headlines suggested that Trump backpedaled, saying the Washington Post story was wrong. The GBP/USD is trading volatile within the 1.2450 – 1.2550 range as market players diggest recent news. Read More… GBP/USD holds positive ground near 1.2450 on US Dollar bullish The GBP/USD pair extends the recovery to near 1.2440 during the early European session on Monday. However, the potential…
The US dollar is softening today in part due to a Washington Post report that says Trump is considering putting on global tariffs but only on ‘critical materials’. The report includes a relatively short list that highlights three areas and 11 specific things:Defense industrial supply chain:Critical medical supplies:SyringesNeedlesVialsPharmaceutical materialsEnergy production:BatteriesRare earth mineralsSolar panelsThat’s a fleetingly small part of global trade and overall US imports. If that’s the list, it wouldn’t cause a domestic inflation problem and force the Fed to keep rates higher for longer.On the weekend, Trump also pushed a single big bill with all his priorities on the…
Annual inflation in Germany rose more than expected in December. EUR/USD clings to strong daily gains above 1.0400 after the data. Inflation in Germany, as measured by the change in the Consumer Price Index (CPI), rose to 2.6% on a yearly basis in December from 2.2% in November, Destatis’ flash estimate showed on Monday. This reading came in above the market expectation of 2.4%. On a monthly basis, the CPI rose 0.4% after declining 0.2% in November. The Harmonized Index of Consumer Prices in Germany, the European Central Bank’s preferred gauge of inflation, increased 2.9% on a yearly basis, surpassing…
Did you roll into your trading desk like a Squid Game contestant, thinking, “I’VE PLAYED THESE GAMES BEFORE!!!” while last year’s market lessons still sting? If you’ve been around the forex block long enough, you’ve probably faced moments where you felt like your trading mojo packed its bags and left for a long vacation. Whether it’s because you took a long break from trading, had a string of losing trades, lost your edge in the markets, or blew your account, there will be times when you feel like you have to start from scratch or quit trading altogether. And if you do choose…
Ridofranz/iStock via Getty Images CareTrust REIT (NYSE:CTRE) announced on Monday the closing of the second phase of its Tennessee portfolio deal with the acquisition of an additional 13 skilled nursing facilities last week. CTRE shares were trading +0.60% pre-market at $26.90. The transaction was announced on October Source link
By Mark Trevelyan (Reuters) -Russia said on Monday its forces had made important gains in eastern Ukraine while continuing to fend off a new Ukrainian offensive inside the Kursk region of western Russia, where a second day of fierce fighting was under way. The Russian defence ministry said its forces had captured the town of Kurakhove, 32 km (20 miles) south of Pokrovsk, a Ukrainian logistics hub towards which Russian forces have been advancing for months. The ministry said taking Kurakhove, which had held out for many weeks, would enable Moscow’s forces to step up the pace of their advance…