Author: FX
USD/CAD falls sharply below 1.4300 as the Canadian Dollar continues to advance on US President Trump’s decision to postpone tariffs on Canada. BofA expects US tariff threats to China will continue to persist until a new USMCA deal gets negotiated. Investors await the US ISM Services PMI and the ADP Employment data for December. The USD/CAD pair extends its losing streak below the key level of 1.4300 in Wednesday’s European session. The Loonie pair weakens as the Canadian Dollar (CAD) continues to gain, given that United States (US) President Donald Trump delayed his orders to impose 25% tariffs on Canada for…
European markets dip amid escalating trade tensions, and earnings flurry Source link
French service sector downturn deepens in January, PMI shows Source link
Gold Futures Surge to Record Highs, Set Eyes on 2900Gold futures (GC1) have decisively broken past key resistance levels, setting a new all-time high (ATH) and confirming strong bullish momentum. This breakout signifies robust buying pressure and suggests a sustained uptrend.Key Technical Insights for GoldResistance Breakout: A long-standing resistance trendline has been breached, signaling further upside potential. The move confirms bullish strength and negates immediate short-term bearish setups.Gold future bulls want more after breaking resistanceMomentum Acceleration: The rally is characterized by increasing volume and strong price action, reducing the likelihood of an immediate reversal.2900 as a Price Magnet: With limited…
Gold price continues to attract safe-haven flows amid renewed US-China trade war fears. Fed rate cut bets undermine the USD and further lend support to the XAU/USD pair. A slightly overbought RSI on the daily chart warrants some caution for bullish traders. Gold price (XAU/USD) continues scaling higher through the Asian session on Wednesday and advances to a fresh all-time peak, around the $2,858 region in the last hour. Concerns about the economic fallout from US President Donald Trump’s trade tariffs continue to underpin demand for the safe-haven bullion. Furthermore, expectations that the Federal Reserve (Fed) would maintain its easing…
The Bank of England (BOE) is widely expected to cut its interest rates later this week after a number of reports pointed to easing price pressures. But our Event Guide for the BOE Policy Decision also suggests that the move may be priced in, potentially leading to a bullish reaction for Sterling if the BOE members turn out to be less dovish than markets had expected. Here’s why we’ve got our eyes on GBP/USD and GBP/AUD’s charts if the BOE event ends up pushing the British pound higher! This Article Is For Premium Members Only Become a Premium…
Trivago GAAP EPS of €0.01, revenue of €94.8M Source link
Citi appoints Ashu Khullar as co-head of global asset managers, memo shows Source link
Markets appear to have priced in strong odds of a 0.25% rate cut from the BOE, but what if the central bank hints at even more easing to come? Our Event Guide for the BOE Policy Decision points out that majority of economic indicators have surprised to the downside and that MPC members are also concerned about public debt issues stemming from elevated borrowing costs. Here are potential GBP/NZD and GBP/JPY breakouts I’m watching if the U.K. central bank sounds more dovish this time. This Article Is For Premium Members Only Become a Premium member for full…
The major assets bounced back on Tuesday with U.S. stocks rising as Trump delayed tariffs on Mexico and Canada, though trade tensions with China kept investors cautious. Meanwhile, the U.S. dollar weakened on softer JOLTS data fueling rate cut expectations, while gold hit a record high amid safe-haven demand. Here’s how your favorite assets traded in the last trading sessions: Headlines: China announced retaliatory tariffs on select American imports and an antitrust investigation into Google France government budget deficit shrank from €172.5B to €156.3B in December U.S. job openings and labor turnover for December: 7.60M (8.01M forecast, 8.16M previous) U.S.…