US President Donald Trump said late Tuesday that he would likely impose tariffs of around 25% on foreign cars, while semiconductor chips and drugs are set to face higher duties, per Bloomberg. Trump added that an announcement will come as soon as April 2. Key quotes I probably will tell you that on April 2, … Read more
The Reserve Bank of New Zealand is expected to cut its key interest rate by 50 bps to 3.75% on Wednesday. The RBNZ’s updated forecasts and Governor Orr’s words are likely to offer clues on the policy outlook. The New Zealand Dollar is set to rock on the RBNZ policy announcements. The Reserve Bank of … Read more
The Dow Jones backslid around 300 points early Tuesday following a long weekend. Equities recovered their footing, pushing back to flat amid a lack of meaningful data. Latest Fed Meeting Minutes are due on Wednesday as markets watch for signs of rate cuts. The Dow Jones Industrial Average (DJIA) stumbled out of the gate on … Read more
The US Dollar managed to regain some balance and stage a tepid rebound helped by the resumption of concerns over US tariffs, as well as a widespread selling pressure in the risk-linked universe. Here is what you need to know on Wednesday, February 19: The US Dollar Index (DXY) regained the smile and reversed a … Read more
EUR/USD slips to 1.0450 on Tuesday, cooling off after last week’s strong rally. RSI declines sharply to 55, signaling waning bullish momentum while MACD remains flat with green bars. The 20-day and 100-day SMAs are converging near 1.0450, raising concerns over a potential bearish crossover. EUR/USD took a step back on Tuesday, shedding 0.32% to … Read more
Federal Reserve (Fed) Bank of San Franciso President Mary Daly noted on Tuesday that prospects of further rate cuts this year remain murky in the face of policy uncertainty despite an overall positive lean to US economic factors. Key highlights The US economy is in a good place. GDP growth and the labor market are … Read more