Many observers seem confused. They express disappointment that the so-called "Trump trade", a rally in the dollar has not materialized.
Sat, 22 Feb 2025 07:15:00 -0500
Geopolitical developments dominated global headlines last week, particularly surrounding peace negotiations over Russia's invasion of Ukraine and evolving US-Ukraine relations. While US President Donald Trump's tariffs took a backseat, concerns over their impact on consumer spending and economic growth resurfaced by the end of the week, triggering renewed risk aversion.
Sat, 22 Feb 2025 07:02:39 -0500
Crude oil dips as easing Mideast tensions and rising U.S. inventories counter supply disruptions. Market awaits fresh catalysts for the next big move.
Sat, 22 Feb 2025 01:48:43 -0500
Markets had another interesting week as US President Donald Trump pledged more tariffs ahead. A potential peace deal appears to be gaining traction between Russia and Ukraine but this did little to dent the appeal of Safe havens as Gold continues to hold the high ground.
Fri, 21 Feb 2025 21:56:24 -0500
Canadian gross domestic product will be in focus after firmer labour market reports in December and January, and an upside headline inflation surprise increased the odds that the Bank of Canada will forego another rate cut in March.
Fri, 21 Feb 2025 21:46:38 -0500
The Mexican Peso (MXN) lost some ground against the US Dollar (USD) on Friday as the Mexican economy decelerated in the last quarter of 2024. This indicates that the outlook is not as promising as expected amid an environment of uncertainty linked to United States (US) President Donald Trump's trade policies.
Fri, 21 Feb 2025 17:29:04 -0500
Natural gas consolidates below resistance, forming a bearish shooting star. A break below $4.15 could confirm a pullback, with possible support near $3.98 and $3.75.
Fri, 21 Feb 2025 16:37:54 -0500
The AUD/USD pair faces offers pressure near 0.6400 after the release of the United States (US) S&P Global PMI data for February. Although traders deem President Donald Trump's tariff agenda less disruptive than initially feared, the Reserve Bank of Australia's (RBA) cautious interest rate cut stance also curbs the Aussie's attempt to extend its recent upswing.
Fri, 21 Feb 2025 15:57:27 -0500
United States CFTC Oil NC Net Positions down to 197.6K from previous 220K
Fri, 21 Feb 2025 15:30:46 -0500
Eurozone CFTC EUR NC Net Positions climbed from previous €-64.4K to €-51.4K
Fri, 21 Feb 2025 15:30:29 -0500
Australia CFTC AUD NC Net Positions rose from previous $-65.6K to $-56.7K
Fri, 21 Feb 2025 15:30:23 -0500
Japan CFTC JPY NC Net Positions increased to ¥60.6K from previous ¥54.6K
Fri, 21 Feb 2025 15:30:14 -0500
United Kingdom CFTC GBP NC Net Positions rose from previous £-3.2K to £-0.6K
Fri, 21 Feb 2025 15:30:10 -0500
The US Dollar Index (DXY), which tracks the US Dollar's performance against six major currencies, is holding on to minor gains on Friday, trading around 106.50. This slight recovery follows disappointing preliminary PMI data, signaling that the US economy is no longer significantly outpacing the Eurozone or other major economic blocks.
Fri, 21 Feb 2025 15:06:08 -0500
The DAX 40 is eyeing support and EUR/USD trades around resistance ahead of the German election on Sunday!
Fri, 21 Feb 2025 13:42:03 -0500
Oil traders are worried about a potential slowdown of the U.S. economy.
Fri, 21 Feb 2025 13:38:21 -0500
For the trading week, the high this week reached $73.11. The low was $70.16.
Fri, 21 Feb 2025 13:31:21 -0500
United States Baker Hughes US Oil Rig Count increased to 487 from previous 481
Fri, 21 Feb 2025 13:03:34 -0500
Brazil's central bank is convinced that monetary policy is more restrictive than normal given its guidance for an upcoming interest rate hike, and will adjust it as needed going forward, its monetary policy director, Nilton David, said on Friday.
Fri, 21 Feb 2025 11:20:34 -0500
The US Dollar is poised for a third weekly decline with a reversal off uptrend resistance now testing key support. Battle lines drawn on the USD weekly technical chart.
Fri, 21 Feb 2025 11:16:00 -0500