Dow down -2000+ points. Nasdaq down -900+ points. S&P down -300+ points The stocks are pushing back to the downside with the :Dow -2000+ points or -5.28%NASDAQ index -900+ points or -5.64%S&P index -300+ points or -5.76%The NASDAQ index is on pace for its second consecutive decline of over 5%. That has ...
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Geopolitics: Russia military strikes energy facility in Kherson on Friday Ukraine Pres. Zelenskyy is on the wires saying: Russian military strikes energy facility in Kherson on Fridayearlier today the Ukrainian president saidUS is close to taking steps to pressure Russia into adhering to a cease-firethere is no sense for Ukraine ...
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EU Trade commissioner Sepcovic: US tariffs are damaging and unjustified EU Trade Commissioner Sepcovic: Had frank talks with US officials over Pres. Trump tariffsHe reiterated to United States US Commerce Secretary Lutnick that US tariffs are damaging and unjustified.On US tariffs that EU is committed to meaningful negotiations but also ...
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UK offered to cut tariffs on beef and fish. The Washington Post is reporting that talks between the US and the UK are ongoing:UK offered to cut tariffs on beef and fish23 tuksRelatively speaking, the UK got off easy this week although the tariffs are ending up across different ...
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Trump: Will sign executive order to keep TikTok open for 75 more days Pres. Trump will extend the deadline for the sale to US ownership.Have made tremendous progress on TikTok dealI am signing an executive order to keep TikTok up and running for an additional 75 daysHe hopes to continue working in ...
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WH CEA Chair Miran: Tax cuts and deregulation ahead The White House Council of economic advisers Miran saysi that tax codes and regulations are ahead.Adds:March Jobs shows closing border might not hurt payrollsOf course there is some market volatility due to tearsTrump is laying the ground for economic boom, ...
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GBPUSD falls to new lows and tests the low for the week The GBPUSD is trading to a new low for the day and new low for the week.The price has now broken below the low from earlier this week at 1.2878. The low going back to March 5 reached 1.28608. A ...
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Baker Hughes oil rig counts +5 to 489 Oil rigs +5 at 489Natural gas -7 to 96Total rigs -2 to 590The price of crude oil is trading down $-5.00 or -7.59% at $61.89. The low price reached its lowest level since April 2021.
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Washington Post: Trump chose the formula for the tariffs Jeff Stein from the Washington Post is out with an article saying that there were numerous formula to calculate the reciprocal tariff levels. The other ones were said to be more sophisticated. Although a can be confirmed precisely the one ...
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Vietnam's general secretary: Vietnam ready to cut tariff to 0 Vietnam general secretary To Lam says: Vietnam ready to cut tariffs 20 and asks US to do the sameAgreed with Pres. Trump to discuss and sign bilateral agreement to concretize commitments on zero tariffsInvites Trump to Vietnam and says Pres. ...
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NZDUSD falls sharply today. Price down -3.47%. Largest decline going back to 2012 The NZDUSD is down -3.47%, marking its largest single-day decline since at least the end of 2012. Even during the height of the 2020 pandemic, the worst daily drop was -3.39%—today’s move surpasses that, making it the steepest fall in ...
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EURUSD gives the sellers a small victory in the short term The EURUSD moved into a topside range from back in September/October 2024 yesterday between 1.1001 and 1.1213, and has increased the momentum in trading today. The high price extended to 1.1098 just short of 1.1100 natural resistance. Since then, the ...
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Powell Q&A: People are still experiencing a high price level Inflation has come down quite a bit and we're close to maximum employmentData has been solid, right through today's jobs reportWhat we've learned is that tariffs are higher than almost anyone expected but we don't know where that comes to ...
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The full text from Fed Chair Powells speech Chair Jerome H. PowellAt the Society for Advancing Business Editing and Writing Annual Conference, Arlington, VirginiaThank you for having me here today. Monetary policy is more effective when the public understands what we are doing and why. Through your work, ...
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Powell: Larger tariffs risk higher inflation and slower growth. Will wait for clarity It's too soon to say what will be the appropriate path for monetary policyTariffs likely to raise inflation in coming quarters; more persistent effects possibleHighlights uncertainty about persistence of tariffs and retaliationBecoming clear that tariffs will be significantly larger than ...
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Trump says it would be a perfect time for Powell to cut rates We're watching Trump tweets very closely and Powell is set to speak in 15 minutes. The prior tweet from Trump led to a bounce in risk assets.Here is the latest from the President:This would be a PERFECT time for Fed ...
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Trump indicates he is in deal mode after call with Vietnam Shares of Nike and textile makers have rallied on a comment from Trump on Truth Social. He wrote:Just had a very productive call with To Lam, General Secretary of the
Communist Party of Vietnam, who told me that Vietnam wants ...
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AUDUSD meltdown: Sellers crush support in the biggest drop since 2012 In my post yesterday, I wrote:The pair is now sliding back toward a cluster of key moving averages on the 4-hour chart — including the 100-bar and 200-bar MAs on the 4-hour chart and the 100 day MA — currently ...
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Does the market need Powell to say something dovish today? Yesterday I wrote that the speech from Powell scheduled for today was an even-bigger event than non-farm payrolls and that's even more true now. Fed pricing has continued to take a dovish shift and the market is now pricing in ...
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NASDAQ index trades down as much as 21.2% from it's all time high U.S. stocks are trading lower despite a stronger-than-expected jobs report, as market focus has shifted sharply toward escalating trade tensions. China responded to the latest U.S. tariff measures by announcing 34% retaliatory tariffs, matching those imposed by President Trump the ...
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USDJPY caught between key support and resistance as directional bias narrows USDJPY has been under pressure since yesterday but found buyers near the 144.40–144.52 zone—a key support area that held during the most recent tumble (see renumbered circles from 2024). A break below this level would have shifted the bias more ...
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USDCHF remains under pressure near 2024 consolidation lows The USDCHF continues to trade under pressure, sitting near the lower end of the consolidation range that defined price action between August and October 2024 (see red box on the chart). The recent low held within that range, and the ...
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Trump: China played it wrong, they panicked -- the one thing they cannot afford to... Trump's latest tweet:CHINA PLAYED IT WRONG, THEY PANICKED - THE ONE THING THEY CANNOT AFFORD TO DO!Someone is going to panic when they see the losses in the market, that's for sure.
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S&P 500 futures down 2.4% S&P 500 futures are down 2.4%, which is about 1 percentage point off the lows but still an ugly outcome. I wonder if we start to see some forced selling at the open as well.If there's a good bit of ...
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USDCAD stalls at key resistance after diverging jobs data from Canada and U.S. The employment data from Canada and the U.S. diverged sharply, with Canada posting a weaker-than-expected jobs report, while the U.S. data came in stronger. This fundamental contrast pushed USDCAD higher. However, the rally has stalled near 1.42386—a key level defined ...
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Trump writes that "my policies will never change" Trump writes:TO THE MANY INVESTORS COMING INTO THE UNITED STATES AND INVESTING
MASSIVE AMOUNTS OF MONEY, MY POLICIES WILL NEVER CHANGE. THIS IS A GREAT
TIME TO GET RICH, RICHER THAN EVER BEFORE!!!He's presumably talking about tariffs here. I suspect ...
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Canada March employment change -32.6K versus 10.0K estimate Prior month 1.1 KEmployment change.-32.6 K vs 2.0 K estimateunemployment rate 6.7% vs 6.7% estimate. Last month 6.6% - the first increase since November 2024full-time employment -62.0 K versus -19.7 K last monthpart-time employment 29.5 K versus 20.8 K last ...
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US March non-farm payrolls +228K vs +135K expected Prior +151K (revised to +117K)Two-month net revision: K versus -2K priorUnemployment rate: 4.2% versus 4.1% expectedUnrounded unemployment rate: 4.1519% versus 4.1396% priorPrior unemployment rate: 4.1%Participation rate: 62.5% versus 62.4% priorU6 underemployment rate: 7.9% versus 8.0% priorAverage hourly earnings (m/m): +0.3% ...
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A technical look at the EURUSD, USDJPY and GBPUSD ahead of the US jobs report Two days after Liberation Day is not looking good for the markets. The USD fell yesterday with the CHF and the JPY leading the way. The dollar is mixed today as the flow of funds start to go out of ...
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Locked and loaded for the March edition of non-farm payrolls Liberation week isn't going great for markets, that's for sure. S&P 500 futures are down 2.9% and we're minutes away from non-farm payrolls.See our: March non-farm payrolls preview by the numbers: Sentiment is bad but what about hiring?The worst-case scenario ...
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ForexLive European FX news wrap: China counter-tariffs amplify market rout Headlines:China announces tariffs of 34% on all US goods in retaliationRisk-off flows intensify ahead of US tradingTraders are now pricing more than 50% chance of a fifth cut by year-endAUD hit the hardest amid the risk-off flowsGold picks itself back ...
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Risk-off flows intensify ahead of US trading The market moves are intense at the moment, as China delivers sweeping counter-tariffs against the US here. It's a bit of a case of blink and you'll miss it, with the price movements coming in thick and fast. In FX, ...
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AUD hit the hardest amid the risk-off flows Commodity currencies are generally very sensitive to global growth and they rise the most in risk-on environments and fall the most during negative sentiment.The Australian Dollar is also very sensitive to macro events linked to China given that the country ...
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Traders are now pricing more than 50% chance of a fifth cut by year-end Following China's retailiation news, traders increased the rate cuts expectations to 116 bps by year end. That's more than 50% chance of a fifth cut. This is the market screaming for an end to the trade war or support from ...
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S&P 500 breaks below a key level following China's retaliation. August low in sight. The US stock markets are again under some heavy pressure following the news of China's retaliation. The S&P 500 broke below the September 2024 low that was keeping the selling pressure at bay for a bit.The next key level is ...
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Gold picks itself back up as the trade war rhetoric escalates Gold was struggling earlier in the day as some selling pressures crept in, with gold being lumped alongside other precious and industrial metals in the early reaction to Trump's tariffs. But with China's response here, we're quickly turning to focusing ...
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A bloodbath in the equities space as China response sparks intense selling Stocks are being crushed hard right now in European trading with the DAX down nearly 5% and CAC 40 down over 4% on the day. China's counter-tariffs have delivered another blow to risk sentiment and that's reverberating across broader markets. ...
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Risk sentiment takes another blow as China responds with counter-tariffs This is seeing the overall risk mood slide back lower as we look towards US trading later. Trump's tariffs announcement two days ago is just the start of all this uncertainty. The retaliations and negotiations are all part of what ...
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China announces tariffs of 34% on all US goods in retaliation To impose tariffs of 34% on all US goodsAdditional tariffs will go into effect starting from 10 AprilAdds 16 US entities to export control listAdditional restrictions on some rare earths related itemsRisk sentiment is taking a further knock on the ...
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BOJ may hike rates in May or June next, says former policymaker BOJ will aim to raise rates to 1% under current rate hike cycleThe next rate hike from 0.50% to 0.75% could happen either in May or JuneThat will be followed up with a pauseFor the time being at least, traders ...
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USDJPY Technical Analysis – The JPY takes off amid recessionary fears Fundamental
OverviewThe USD sold off hard almost
across the board following Trump’s worse than expected tariffs announcement on
Wednesday. The market reacted to the news by pricing in aggressively more rate
cuts for the Fed in expectations of a bigger hit to the US ...
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Bank of Japan Governor Ueda says US tariffs have raised uncertainty Bank of Japan Governor Ueda says US tariffs have heightened uncertainty for the global economic outlookBOJ tankan showed some manufacturers saw hit from U.S. tariffs, sluggish Chinese & overseas demandMarch BOJ tankan also showed improvement in non-manufacturers’ business sentiment reflecting ...
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Federal Reserve Chair Powell is speaking on Friday, Barr and Waller also 1525/1125Federal Reserve Chair Jerome Powell speaks on the economic outlook before the Society for Advancing Business Editing and Writing (SABEW) Annual Conference, in Arlington, Va1600/1200Federal Reserve Board Governor Michael Barr speaks on "Artificial Intelligence and Banking" before the Federal Reserve ...
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BoJ Gov Ueda says US tariffs likely to exert downward pressure on Japan, gloabl economies Bank of Japan Governor UedaUS tariffs likely to exert downward pressure on Japan, global economiesHard to say now how US tariffs will affect Japan’s price movesWill closely monitor US tariff impact on Japan, overseas economic and price developments in deciding ...
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BOJ dep gov Uchida says will raise rates if inflation rises and economy improves Bank of Japan Deputy Governor UchidaWill raise interest rates if underlying inflation heightens against background of continued improvements in economyWe will examine, without any preset idea, whether our economic, price forecasts laid out in our quarterly report will be achievedWe ...
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Bank of Japan Governor Ueda will be speaking Friday in the Japanese parliament Bank of Japan Governor Ueda in the Diet today.Amongst the questions will likely be some on the rapid yen appreciation and the drop in JGB yields since Trump's tariff announcements. FWIW the speculation is that Trump's moves may prompt some ...
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Morgan Stanley scraps 2025 Fed rate cut forecast, cites Trump tariffs and inflation risks Morgan Stanley has withdrawn its forecast for a U.S. Federal Reserve rate cut in June, citing rising inflation risks stemming from Trump’s newly announced tariffs. The bank now expects the Fed to hold rates steady through to March 2026.Trump announced ...
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ANZ forecasts Reserve Bank of Australia rate cuts in May, June and August 2025 Forecasts for Reserve Bank of Australia interest rate cuts ramped higher in the wake of Trump's tariff trade war announcement on Wednesday. ANZ see the RBA cutting by 25bp at the next meeting, in Maythen further cuts in July and ...
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Reserve Bank of New Zealand is expected to cut its cash rate again on April... The Reserve Bank of New Zealand (RBNZ) is expected to lower its official cash rate by 25 basis points to 3.50% on April 9, according to a Reuters poll of 31 economists—all of whom forecast this move. This cut would ...
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AUDUSD is higher but gives up some of the gains against topside resistance The AUDUSD made a run higher in early trading, but momentum stalled at a familiar resistance zone — just below the 38.2% retracement of the move down from the December high, and near the swing high from two weeks ago.That ...
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USDJPY breaks key technical support, bias shifts more bearish The USDJPY is under pressure after breaking through several critical technical levels, shifting the near-term bias firmly to the downside.The break below the converged 100 and 200 bar moving averages on the 4-hour chart, along with the 50% retracement of ...
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More from Fed's Jefferson: Still substantial uncertainty around the trade More commentary from Fed Vice chairman Jefferson: still substantial uncertainty around tradeuncertainty can weigh on spending, investment decisions.Will be important to take our time and think about impact.When assessing policy changes, I try to focus on collective policies, including physical, ...
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Atlanta FedGDPNow moves to -2.8% from -3.7% last. The Atlanta Fed GDPNow growth estimate for GDP -2.8% from -3.7% last. Adjusting for imports and exports of gold the growth is forecast at -0.8% vs -1.4 percent. In their own words:The GDPNow model estimate for real GDP ...
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Fed Vice Chair Jeffeson: No need to be in a hurry on policy rate adjustments No need to be in a hurry on policy rate adjustmentsCurrent policy rate well-positioned to deal with risks, uncertaintiesCould retain current policy restraint for longer, or ease policy, depending on inflation progress and job marketPolicy rate is now somewhat restrictiveLabor ...
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EURUSD consolidates near highs. The new boundaries are reestablished. EURUSD is up 2.38% on the day — its largest single-day percentage gain since December 2015, when the pair rose 3.06%. Technically, the rally is pushing the pair toward key resistance from the 2024 highs, which span from 1.1200 to ...
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Nasdaq % change reaches largest decline since 2020 The NASDAQ index is now down -5.42%. That takes the percentage loss to the highest since the 2020 pandemic. In 2022 the index fell -5.16%. In June 2020, the index fell -5.27%.At the start of the pandemic in 2020 the ...
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USDCAD breaks out of range as CAD strengthens In Canada on tariffs as of April 3, 2025, the United States has imposed specific tariffs including:​Steel and Aluminum Tariffs: Effective March 12, 2025, the U.S. imposed a 25% tariff on steel and aluminum imports from Canada. ​Automobile Tariffs: On ...
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USDCHF breaks lower. What next? The USDCHF had been confined in a range within a range (see red boxes on the chart above). The price moved outside the first box at 0.8794 and then got to the low of the 2nd box at 0.8755. There ...
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S&P 500 Technical Analysis: You Gotta See This... S&P 500 Technical Analysis: Key Bear Flag Breakdown & Channel Levels to WatchMarket: S&P 500 E-mini Futures (ES)
Timeframe: 4-Hour Chart
Date: April 3, 2025, post Tariff Man Chaos! But this still shows the order.
Source: ForexLive.com (to be evolving to investingLive.com later ...
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USD is sharply lower after "Liberation Day". What technicals are driving the major pairs The USD is sharply lower vs the EURUSD, USDJPY and GBPUSD after the "Liberation Day" tariffs. As a review, below are the current new tariff view for the EU, JPY and GBPEuropean Union (EU):Baseline Tariff: A 10% tariff was imposed ...
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How to trade S&P 500 today based on tradeCompass, not based on Trump tariffs How to Trade the S&P 500 Today Using tradeCompass Without Chasing Tariff NewsCurrent Price at Time of Analysis: 5,542.5Today’s tradeCompass analysis focuses on the S&P 500 E-mini Futures (ES) and offers a clear, technical trading plan — deliberately avoiding the ...
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Stock markets retreat as reciprocal tariffs sting In adddtion to 10% blanket tariff, Trump has announced "half" tariffs on countries in reaction to tariffs on US goods. Below is the chart of some of the tariffs. He went big.If the products are made the US there will ...
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The roadmap for some of the major currency pairs through the tariff news EURUSD moved higher during the U.S. session, pushing away from the 100- and 200-hour moving averages and briefly breaking above the swing area between 1.0848 and 1.0859. However, the upside momentum fizzled, and the pair has since fallen back within ...
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Crude oil futures settle at $71.71 Crude oil futures settled $71.71. That's up $0.51 or 0.72%.The gains came despite a surprise jump in U.S. crude inventories, which rose by 6.2 million barrels last week according to the EIA, compared to analyst expectations of a 2.1 million ...
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Trump administration official has confirmed that Amazon has put in a bid to buy TikTok A member of the Pres. Trump administration has officially confirmed that Amazon as put in a bid to buy TikTok. Shares of Amazon are currently up $5.39 at $197.52. That is just off the high of $197.64. Amazon's 200 day ...
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Markets are shifting. Yields are higher. Stocks are higher. USD is tilting to the upside USDJPYThe Amazon/TikTok news is giving the US stocks a bit of a boost. The S&P is up 24.74 points or 0.44%. The NASDAQ index is up 130 points or 0.74%. Meanwhile, yields have reversed from being down about 4– 6 ...
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AUDUSD tests key resistance cluster as consolidation nears breaking point The AUDUSD is trading near a crucial inflection point as price approaches a key resistance zone between 0.6303 and 0.6319. This area hosts a powerful cluster of technical indicators, including the 100- and 200-bar moving averages on the 4-hour chart ...
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