US President Trump's tariff threats roiled the foreign exchange market at the start of last week, but by the end, the market seemed to have taken what many see increasingly as negotiating positions in stride. The dollar had topped out against several of the major currency pairs a week or so before the election as some participants began moving to the sidelines.
Sat, 25 Jan 2025 07:15:00 -0500
Trump's OPEC Push: Oil Prices Fall After Four Weeks of Gains as U.S. Boosts Domestic Supply. Will Trump's policies hurt crude oil's recovery?
Sat, 25 Jan 2025 03:40:48 -0500
The GBPUSD was the biggest mover as it reacted to stronger UK PMI data before the weaker US data. Some of the major currencies broke key technical levels.
Fri, 24 Jan 2025 17:06:52 -0500
Markets had a bit of a roller coaster ride this week thanks to the incoming Trump administration in the US. Markets got some of what they expected while they also received a fair amount of shocks to keep market participants guessing.
Fri, 24 Jan 2025 16:53:12 -0500
The U.S. dollar is losing its grip on a months-long rally, breaking below key technical levels and recording its worst week in years, as traders unwind bullish bets in response to President Donald Trump‘s softer-than-expected tariff stance. The greenback kicked off the week with a 1.2% drop on Trump's inauguration day.
Fri, 24 Jan 2025 16:38:00 -0500
Wall Street hit new records as Donald Trump began his second term as 47th U.S. president this week. The S&P 500 index — as tracked by the SPDR S&P 500 ETF Trust SPY — climbed above 6,100 points, surpassing its previous December peak and marking a second consecutive week of gains, fueled by a strong start to the fourth-quarter earnings season.
Fri, 24 Jan 2025 16:31:46 -0500
Natural gas remains bullish after holding support at 3.81, but sustained strength depends on breaking 4.05, with potential resistance ahead at Fibonacci retracement levels.
Fri, 24 Jan 2025 16:30:11 -0500
The weaker-than-expected U.S. Composite PMI report put pressure on the oil markets.
Fri, 24 Jan 2025 13:37:12 -0500
The Bank of Canada is expected to cut interest rates at a more gradual 25 basis-point pace on Wednesday following 50 bps cuts in each of the two prior meetings—widening a gap with U.S. policy rates as the Federal Reserve is widely expected to forego a January rate cut.
Fri, 24 Jan 2025 12:30:44 -0500
In a widely expected decision, the Bank of Japan (BoJ) took another step along its monetary policy normalization path at this week's meeting, raising its policy rate by 25 bps to 0.50%. In raising interest rates, the BoJ said growth and inflation have been developing generally in line with its forecasts, and also cited reasons for a firming in wage and price trends.
Fri, 24 Jan 2025 12:24:46 -0500
The US dollar accelerated its decline against its major peers, losing almost 2% to 107.1 this week before trimming some losses. Fundamentally, behind the dollar's corrective pullback is the resurgence of expectations that the Fed will cut its key rate once or twice later this year.
Fri, 24 Jan 2025 12:16:27 -0500
Euro posted notable gains today as lifted by encouraging Eurozone PMI data that suggests the region is beginning the year on firmer footing. Private sector activity showed cautious growth, with reduced drag from manufacturing and moderate expansion in services.
Fri, 24 Jan 2025 10:50:08 -0500
The natural gas markets are now in the process of trying to sort out when winter temperatures will disappear, as we are getting ready to roll over into the March contracts. This time of year, can be noisy, as warmer temperatures will drive down demand in most circumstances.
Fri, 24 Jan 2025 10:29:04 -0500
The crude oil markets that I follow here at FX Empire are all starting to see a bit of buying on Friday morning, as the 300 Day EMA in both grades has seemingly held up so far. Ultimately, the central bank easing, and maybe more importantly, the US economy could
Fri, 24 Jan 2025 10:23:35 -0500
US PMI data for January painted a mixed picture. PMI Manufacturing rose from 49.4 to 50.1, reaching a seven-month high and signaling a return to slight expansion.
Fri, 24 Jan 2025 10:15:17 -0500
United States UoM 5-year Consumer Inflation Expectation came in at 3.2% below forecasts (3.3%) in January
Fri, 24 Jan 2025 10:00:03 -0500
United States Existing Home Sales (MoM) above forecasts (4.19M) in December: Actual (4.24M)
Fri, 24 Jan 2025 10:00:02 -0500
United States Michigan Consumer Sentiment Index below expectations (73.2) in January: Actual (71.1)
Fri, 24 Jan 2025 10:00:00 -0500
United States Existing Home Sales Change (MoM) fell from previous 4.8% to 2.2% in December
Fri, 24 Jan 2025 10:00:00 -0500
The Japanese yen gained as much as 0.8% earlier today but has failed to consolidate these gains. In the European session, USD/JPY is trading at 156.03, dwon 0.02% on the day.
Fri, 24 Jan 2025 09:57:16 -0500