Author: FX
Feb. 03, 2025 6:45 AM ETSPDR® S&P Retail ETF (XRT), XLPWMT, COST, M, AMZN, DG, F, GM, HD, PG, BBY, SBUX, LOW, HOG, DKS, TAP, BUD, TSLABy: Clark Schultz, SA News EditorKeithBinns/iStock via Getty ImagesThe share prices of U.S.-based consumer companies fell early on Monday after President Trump signed executive orders imposing new tariffs on imports from Canada, Mexico, and China, set to take effect on February 4. The executive orders allow for potential further increases if Canada, Mexico, or Source link
Key findings:Decline in production volumes loses momentum Sharp and accelerated decrease in order book volumes Firms continue to reduce charges despite rise in cost pressuresComment:Commenting on the PMI data, Jonas Feldhusen, Junior Economist at Hamburg Commercial Bank, said: “Operating conditions at Italy’s manufacturing companies remain bleak. The manufacturing Output Index remained below the 50 threshold. The start of the year was disappointing yet predictable. Structural issues such as elevated energy costs and weak economic activity in key trade partners like Germany, France, and China are contributing to the ongoing economic downturn.” “Italian factories produced less at the beginning of the…
European Central Bank (ECB) policymaker Francois Villeroy de Galhau said on Monday that US President Donald Trump’s tariffs will increase economic uncertainty, calling it a “very worrying development,” as reported by Reuters. Commenting on the policy outlook, “there will likely be further rate cuts,” Villeroy added. Market reaction EUR/USD stays under strong bearish pressure early Monday and trades below 1.0250, losing more than 1% on a daily basis. Tariffs FAQs Tariffs are customs duties levied on certain merchandise imports or a category of products. Tariffs are designed to help local producers and manufacturers be more competitive in the market by…
Trump's trade war salvo rocks markets Source link
Market watchers aren’t exactly setting the bar high for New Zealand’s jobs figures, but what if the actual results do surprise to the upside? Our Event Guide for New Zealand’s Jobs Report points out that employment intentions have picked up in October and November, before dipping in December. Better keep an eye out for these trend channels on AUD/NZD and NZD/CAD! 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…
Our Event Guide suggests weaker labor market figures than what the markets expect. Will New Zealand’s jobs report add to NZD’s pain this week? Source link
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After busting through the $2,800 resistance zone, gold seems to be back in correction mode once again. Are buyers still ready to defend these support levels? Take a look at these inflection points on the 4-hour time frame! Gold (XAU/USD) 4-hour Forex Chart by TradingView This precious metal’s uptrend is still looking pretty solid, as the pair bounced off a long-term ascending trend line that’s been holding so far this year. After all, safe-haven flows have been picking up on global economic uncertainties stemming from Trump’s tariffs threats on major U.S. trade partners. Not only could higher trade levies have…
Will New Zealand’s jobs data support talks of another RBNZ rate cut this month? We’re breaking down what the leading indicators are pointing to and how NZD has reacted to the report in the past. Here are points you need to know if you’re trading New Zealand’s jobs event! 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
USD/CAD rallies hard in reaction to Trump’s trade tariffs on Canada, Mexico, and China. The risk-off impulse lifts the USD back closer to a two-year top and weighs on the major. The divergent BoC-Fed policy outlooks contribute to the momentum and favor bulls. The USD/CAD pair builds on last week’s breakout momentum above a short-term trading range and gains strong positive traction during the Asian session on Monday. The momentum lifts spot prices to mid-1.4700s, or the highest level since April 2003, and is sponsored by the launch of US President Donald Trump’s tariff trade war. Trump on Saturday ordered…