The Canadian Dollar (CAD) caught a rare boost on Monday, dragging USD/CAD back below 1.4400 as investors across the globe find some risk appetite after incoming US President Donald Trump made a last-minute swerve to avoid day-one tariffs via executive order.
Mon, 20 Jan 2025 12:55:54 -0500
The Mexican Peso (MXN) rallied against the US Dollar (USD) on Monday ahead of United States (US) President Donald Trump's inauguration. An article in The Wall Street Journal suggested that tariffs would not be imposed immediately after Trump's oath as the 47th President of the US.
Mon, 20 Jan 2025 12:45:23 -0500
Guggenheim Partners' chief investment officer forecast on Monday that the U.S. Federal Reserve is likely to cut interest rates roughly every quarter in 2025, bringing the reduction to around 75 basis points or even a full percentage point this year.
Mon, 20 Jan 2025 11:50:48 -0500
Croatian ECB Governing Council member Boris Vujcic commented on market expectations for rate cuts during a webinar today, noting that the recent repricing from four to five cuts this year to three to four cuts seems “reasonable.”
Mon, 20 Jan 2025 11:44:58 -0500
The dollar index was sharply down in early US trading on Monday (losing 1% so far) in immediate reaction on media report, saying that new US President will stop short on imposing new tariffs on his first day.
Mon, 20 Jan 2025 11:27:31 -0500
The dollar tumbled broadly on Monday after an official for incoming U.S. administration said President-elect Donald Trump would not impose new trade tariffs on his first day in office, alleviating some fears of an immediate blitz.
Mon, 20 Jan 2025 10:29:09 -0500
Nigeria plans to rebase its gross domestic product (GDP) and inflation data by the end of the month to capture changes in certain sectors of the economy and reflect current growth and consumption patterns, its statistics office said on Monday.
Mon, 20 Jan 2025 10:13:14 -0500
A global effort by central banks to join the fight against climate change has hit a major hurdle with the U.S. Federal Reserve's decision to leave a club devoted to policing environmental risk in finance.
Mon, 20 Jan 2025 09:56:07 -0500
The natural gas market continues to see a lot of noise, as the market isn't going to see a lot of volume during the Martin Luther King Jr. Day holiday, as traders are away from their desks in the United States.
Mon, 20 Jan 2025 09:53:26 -0500
US President-elect Donald Trump's inauguration on Monday should underpin the USD Index (DXY) this week, DBS' Senior FX Strategist Philip Wee notes.
Mon, 20 Jan 2025 09:50:42 -0500
The crude oil markets continue to be noisy, but at this point in time, the market also had to deal with the idea of there being less volume, and of course shorter hours in the futures markets.
Mon, 20 Jan 2025 09:48:04 -0500
It's inauguration day and Martin Luther King's Day — a federal holiday which means US markets are closed. The incoming president is reportedly set to sign 100 executive orders right out the gate and some of those are likely to address border security and tariffs.
Mon, 20 Jan 2025 09:27:54 -0500
Dollar weakened broadly in early US session as reports from The Wall Street Journal indicated that Donald Trump, during his inauguration, will only outline his trade vision but avoid imposing new tariffs for now. While this temporarily calms market fears of immediate disruptions, the situation remains dynamic, and unexpected developments could trigger sharp reversals, especially if the WSJ report proves inaccurate.
Mon, 20 Jan 2025 09:21:17 -0500
Russia Foreign Trade dipped from previous $9.095B to $6.018B in November
Mon, 20 Jan 2025 09:00:46 -0500
US Dollar (USD) started the week on a slightly softer footing ahead of US holiday (Martin L. King Day) and Presidential inauguration today.
Mon, 20 Jan 2025 08:46:42 -0500
Crude Oil retreated from the resistance 79.20-60 as the market closed from the target and support of 76.40. As we see over the chart, the market could hold this trading zone between 76.40 and 79.60.
Mon, 20 Jan 2025 08:06:58 -0500
WTI oil price eased further in early Monday trading, after last week's multiple upside rejections at the base of daily Ichimoku cloud ($79.00) left a weekly bull-trap, prompting traders for a partial profit-taking.
Mon, 20 Jan 2025 08:06:23 -0500
The Bank of England (BoE) is open to discussions with Britain's government about ways to help boost economic growth by changing rules for the financial services industry, Deputy Governor Sam Woods said on Monday.
Mon, 20 Jan 2025 08:03:41 -0500
With Donald Trump's pledge to quickly end the war between Ukraine and Russia, market players are starting to look at what impact that could have on the rouble, which became an outcast following sanctions.
Mon, 20 Jan 2025 08:02:31 -0500
The US Dollar Index (DXY), which tracks the Greenback's value against six major currencies, trades roughly flat and holds near 109.00 on Monday ahead of President-elect Donald Trump's inauguration as the 47th President of the United States (US). Several asset classes in the US will remain closed, such as the Wall Street trading floor and US bond trading, in observance of Martin Luther King's Day.
Mon, 20 Jan 2025 07:37:13 -0500