Author: Admin
The United States (US) Federal Reserve (Fed) had a busy week. On Monday, the Fed asked local New York banks about their positions in USD/JPY, fueling speculation that the US may be preparing to work with Japan on the Japanes Yen’s (JPY) weakness. The news triggered a sharp US Dollar (USD) sell-off at the beginning of the week.Mid-week, the Fed had its monetary policy meeting. The central bank held its target range for the federal funds rate unchanged at 3.50%-3.75%, as expected. Chairman Jerome Powell’s press conference was focused on politics, Powell’s future, and the subpoena, topics he declined to…
In China, conspicuous consumption is out, and “local heroes” are in.
Highlights include policy announcements from the ECB, BoE, RBA, RBI, Banxico, US & Canada jobs data, EZ flash inflation, PMI data, OPEC meeting, ISM, Treasury QRA Treasury Yield Curve SUN: OPEC+ to hold a ministerial meeting. MON: BoJ SOO (Jan); Final Manufacturing PMIs (Jan); German Retail Sales (Dec); US ISM Manufacturing PMI (Jan); Treasury Financing Estimates. TUE: RBA Announcement/SOMP; CBRT Inflation (Jan); French Prelim. CPI (Jan); US JOLTS (Dec)US JOLTS (Dec); RCM/TIPP (Feb); New Zealand Unemployment (Q4). WED: Riksbank Minutes (Jan); China PMIs (Jan); Final Composite/Services PMIs (Jan); EZ Flash HICP (Jan); US ADP (Jan); Treasury Quarterly Refunding Announcement;…
The federal tax collector seems poised to run out of funding on Saturday, just days after it started processing 2025 income-tax returns.
EUR/USD drops during the North American session, down by 0.75% amid a session characterized by overall US Dollar strength, sponsored by Trump’s mild-hawkish pick to lead the Federal Reserve and an inflation report that warrants steady rates by the Federal Reserve. At the time of writing, the pair traded at 1.1882 down from daily highs of 1.1974.Euro sinks below 1.19 as hawkish Fed leadership signals and sticky inflation crush rate-cut hopesKevin Warsh is Trump’s election to be the next Fed Chairman of the Federal Reserve, confirming rumors that leaked late on Thursday. The financial markets sent precious metals tumbling, while…
“My home is paid for and has an estimated value of $700,000.”
The EUR/USD pair attracts fresh sellers following the previous day’s good two-way price swings and retests sub-1.1900 levels during the Asian session on Friday. Spot prices, however, recover around 25 pips from the daily low and currently trade around the 1.1920-1.1925 region, down 0.35% for the day.The US Dollar (USD) gains some positive traction and looks to build on its recovery from a four-year low, touched earlier this week. Meanwhile, the European Central Bank (ECB) flagged growing concerns over the Euro’s (EUR) quick appreciation against the USD, which turns out to be another factor exerting some pressure on the EUR/USD…
Nvidia’s stock has trailed the chip sector this year, but Morgan Stanley thinks some investor concerns are overblown.
Gold (XAU/USD) adds another leg to its relentless rally on Thursday, building on the previous day’s solid gains of 3.87% as increased volatility and ongoing safe-haven demand continue to drive strong inflows into Bullion. At the time of writing, XAU/USD trades around $5,522, consolidating after setting a fresh record peak near $5,598 earlier in the day.Heightened geopolitical tensions remain a key driver behind the latest surge in Gold, with US-Iran risks back in the spotlight after Washington issued fresh warnings of potential military action. At the same time, investor confidence in the US Dollar (USD) continues to erode, pushing flows…
The S&P 500 on Wednesday blew past another psychological barrier, hitting 7,000 for the first time in history — before pulling back.