Walmart ends Friday session down 3.1%. Executives are getting pushback from Chinese suppliers when asking for discounts. Trump paused most tariffs on Canada and Mexico this week but left in place those on China. NFP miss shows that labor market might be at outset of downturn. The US stock market seesawed on Friday, pulling … Read more
EUR/USD trades firmly around 1.0850 as US official employment data come in softer than expected. US President Trump announced exemptions on more products imported from Canada and Mexico. German debt reforms have forced traders to pare ECB dovish bets. EUR/USD trades firmly around the fresh four-month high of 1.0850 in Friday’s North American session after the release of … Read more
The US Dollar must be happy that its worst week in over one year is near its end. Traders have devalued the Greenback throughout this week. The US Dollar Index faces devastation and set to close off this week with a 3% loss for this week The US Dollar Index (DXY), which tracks the performance … Read more
A Reuters poll showed that 70 of 74 economists surveyed suggest that risks for the Mexican, Canadian and American economies are piling up amid United States (US) President Donald Trump’s controversial trade policies. US inflation risks, which remained skewed to the upside, worsened, preventing the Federal Reserve (Fed) from easing policy. Tariff announcements and sudden rollbacks have … Read more
John Williams, President of the Federal Reserve Bank of New York, indicated on Friday that, so far, there was no evidence to suggest that inflation expectations were beginning to encounter any difficulties. Key Quotes No sign of inflation expectations becoming unmoored. Inflation expectations back to pre-pandemic levels. Data shows lag before inflation shock hits short-term … Read more
The proposal from Germany’s expected coalition partners that they plan to relax the country’s debt rules to boost defence spending and support infrastructure has been billed by some commentators as Germany’s whatever it takes moment, Rabobank’s FX analyst Jane Foley notes. Risk of a move back to 1.05 on a 1 to 3-month view “We … Read more