Author: Admin
EUR/USD opens the week on a softer note, trading near 1.1860 during the Asian session on Monday. Activity is likely to remain muted, with United States (US) markets closed for the Presidents’ Day holiday, while Mainland China is also shut for the week-long Lunar New Year break.Losses in the EUR/USD pair may be limited as the US Dollar (USD) could ease following softer January Consumer Price Index (CPI) figures, which reinforced expectations that the Federal Reserve (Fed) could cut rates later this year.US CPI rose 2.4% year-over-year (YoY) in January, slowing from 2.7% in December and coming in below the…
“She is an old-school farm girl who inherited all her money and wants to pass it down to her children.”
Highlights include US PCE and GDP, FOMC Minutes, RBNZ, Flash PMIs, UK, Canadian and Japanese Inflation Week Ahead Highlights SUN: Japanese Prelim. GDP (Q4) MON: US Holiday (Washington’s Birthday/Presidents Day); Eurogroup Meeting; Swedish Unemployment (Jan), EZ Industrial Production (Dec) TUE: RBA Minutes (Feb); UK Unemployment/Wages (Dec), German ZEW (Feb), US ADP Weekly, Canadian CPI (Jan), NY Fed (Feb), Chinese Lunar New Year (Hong Kong markets closed from 17th-19th Feb) WED: RBNZ Announcement, FOMC Minutes (Jan); Japanese Trade Balance (Jan), Australian Wage Price Index (Q4), UK CPI (Jan), US NY Fed (Feb), Industrial Production (Jan) THU: Japanese CPI (Jan), Australian…
“Average refund amounts are strong,” the IRS said in an explanation of the data.
MUFG’s Michael Wan views the detailed US–India interim trade deal, including tariff cuts and exemptions, as positive for India’s external position. He sees scope for USD/INR to briefly break below 90 in coming months, but expects only a shallow INR recovery. MUFG forecasts USD/INR at 89.50 in Q1 2026 before rising back to 93.00 by year-end on FDI repatriation and wider deficits.Tariff cuts help but upside later”USD/INR: US and India provided more details around the interim trade deal. Overall we think it is a positive, and we forecast USD/INR at 89.50 by March 2026 and 93.00 by Dec 2026″”Overall, we…
Complacent high earners may be making tens of thousands of dollars less each year than they could be making elsewhere.
Retail Prop Trading for U.S. Traders Prop Trading I was watching a news program recently when I saw an advertisement for a proprietary trading firm. It immediately made me wonder: Is retail prop trading really suitable for U.S. traders? Anyone who has traded global markets understands there is no free lunch in trading. Success requires not only skill, but discipline to survive, let alone thrive in the challenging world of retail trading. For anyone in the U.S. (or elsewhere) considering signing up for a retail prop trading challenge, it’s essential to go in with eyes wide open. The…
Applied Materials expects to see more than 20% growth in semiconductor-equipment revenue this year as AI potentially lifts overall chip-industry sales to $1 trillion.
Gold price (XAU/USD) faces some selling pressure around $4,910 during the early Asian session on Friday. The yellow metal tumbles over 3.50% on the day, with algorithmic traders appearing to amplify the precious metal’s sudden drop. Traders will closely monitor the release of the US Consumer Price Index (CPI) inflation report for January, which will be released later on Friday. Concerns about Artificial Intelligence (AI) spurred a sell-off across financial markets, with margin calls also likely adding to the downtick. “Margin calls also likely added to the selloff, with some investors forced to exit positions in commodities, including metals to provide…
The Deutsche Bank strategist who last month provoked the ire of Treasury Secretary Scott Bessent now says the dollar’s safe-haven status is a myth.