Author: FX
The US Dollar holds ground above 108.00 as traders await weekend tariff announcements. Trump threatens 100% tariffs on BRICS nations if they challenge the US Dollar in global trade. US PCE inflation data shows steady price pressure, reinforcing the Fed’s cautious stance. The US Dollar Index hovers near 108.50, marking a fresh weekly high. The US Dollar Index (DXY), which measures the value of the US Dollar against a basket of currencies, remains stable above 108.00 ahead of a highly anticipated weekend for global trade policy. With tariffs on Canada and Mexico set to take effect on Saturday, market volatility…
Mexican Peso erased gains of 0.61% and turns negatively as Trump’s threat of 25% tariffs would be enacted. The White House denied Reuters’ report about US delaying tariffs implementation to March 1. Mixed US economic indicators and Fed commentary maintain cautious market sentiment. The Mexican Peso (MXN) erases some of its earlier gains and losses ground against the US Dollar (USD), down a minimal 0.07% on Friday, extending its drop after losing more than 1% on Thursday. The tariff trade continues to boost the Greenback, after The White House confirmed that President Donald Trump will enact 25% tariffs on Canada…
The Canadian Dollar recovered 0.65% against the Greenback on Friday. Little of note from Canada to wrap up the week as US Dollar flows dominate. Market sentiment lurched higher after Trump kicks the tariff can down the road. The Canadian Dollar (CAD) is recovering ground on Friday, climbing over six-tenths of one percent against the Greenback. The Loonie briefly tumbled to a fresh five-year low against the US Dollar during the overnight session after US President Donald Trump went on a new social media escapade promising a stiff package of tariffs against both Canada and Mexico. A last-minute pivot by…
Trump reiterates tariff threats on Mexico, Canada, and China. Fed maintains cautious stance on inflation risks, holding rates steady. AUD/USD hovers near 0.6215 amid RBA rate cut bets and China’s economic slowdown. The AUD/USD pair trades slightly higher at 0.6215 in the Asian session on Friday but remains under pressure due to fresh tariff threats from US President Trump. Market participants continue to anticipate a dovish shift from the Reserve Bank of Australia (RBA) in February, adding to the Aussie’s downside risks. Trade tensions weigh on sentiment Trump reaffirmed plans to impose tariffs on Mexico, Canada, and China, fueling safe-haven…
The US Dollar consolidates ahead of this week’s close. The weekend is expected to be an eventful one with Saturday, the US being set to impose tariffs on Mexico and Canada. The US Dollar Index (DXY) moves further away from 108.00 and resides near the fresh weekly high at 108.37. The US Dollar Index (DXY), which tracks the performance of the US Dollar against six major currencies and currently trades at 108.35 at the time of writing, is heading higher on Friday after receiving quite a few tailwinds just ahead of the weekend. The first tailwind comes from US President Donald…
Direction of travel is clear, pace is pragmaticECB should exercise agile pragmatism in pacing future cutsRise in long-term yields limiting the easing of overall financial conditionsThis is some clear communication. The market sees about 75 bps in easing this year to 2.00%. This article was written by Adam Button at www.forexlive.com. Source link
Silver’s breakout last session fueled strong price action (+3.5% close/close in SIH5) associated with several consecutive CTA buying programs that ultimately increased their net length by 70%, which is only equivalent to +13% of CTAs’ max size given repeated whipsaws have diminished trend signals’ strength, TDS’ Senior Commodity Strategist Daniel Ghali notes. XAU/XAG ratio remains at elevated level”Nonetheless, we expect this strength in prices to attract subsequent discretionary trader interest, given this cohort remained nearly flat as of last week, with gold printing new all-time highs and the XAU/XAG ratio remaining at elevated levels. Interestingly, under the hood, the cross-section…
MarineMax stays aggressive with a new acquisition in the heart of the Florida Keys Source link
In his book, “Mechanical Trading Systems: Pairing Trader Psychology with Technical Analysis,” author Richard Weissman identifies three basic trader personality profiles. Can you identify with one of the trading personalities below? Let’s discuss the trend-followers, day traders, and mean reversion traders: 1. Trend-Following Trader Weissman enumerates two traits necessary for successful trend followers: patience and fortitude. Trend-following mechanical systems get traders in strong directional moves, and signals typically form when the trend has already begun. A typical entry strategy may be to buy at recent highs or sell at recent lows, anticipating that the price will make a new high or low later on. This may seem…
Yen set for best January since 2018; dollar firm ahead of tariff deadline Source link