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US Dollar under severe selling pressure after labor data
a month ago
US Dollar under severe selling pressure after labor data
The US Dollar Index (DXY), which tracks the Greenback’s performance against six major currencies, is extending its decline for the third consecutive day on Wednesday.
DollarIndex
SEO
Currencies
Mexican Peso surges as US hits the brakes on auto tariffs
a month ago
Mexican Peso surges as US hits the brakes on auto tariffs
The Mexican Peso (MXN) is recovering some ground against the US Dollar (USD) on Wednesday, on rumors that tariffs imposed by the United States (US) since March 4 could be rolled back or at least adjusted, according to US Commerce Secretary Howard Lutnick.
Mexico
USDMXN
TradeWar
Technical Analysis
SEO
Dow Jones Industrial Average rebounds as tariff exemptions begin to materialize
a month ago
Dow Jones Industrial Average rebounds as tariff exemptions begin to materialize
The Dow Jones Industrial Average (DJIA) bounced from this week’s steep two-day plunge, recovering slim ground as investors try to prop the market back up.
DowJones
Equities
SEO
TradeWar
NFP
European close: Germany jumps, erasing yesterday's decline
a month ago
European close: Germany jumps, erasing yesterday's decline
Big changes coming to fiscal policy in Germany
EUR
Stocks
Canada won't lift its tariffs until all US tariffs lifted
a month ago
Canada won't lift its tariffs until all US tariffs lifted
Canada cool to the idea of a 'middle ground'
EUR/USD Price Analysis: Bulls tighten grip as pair surges to multi-month highs
a month ago
EUR/USD Price Analysis: Bulls tighten grip as pair surges to multi-month highs
EUR/USD gained significant ground on Wednesday, pushing further into bullish territory after an already strong performance in recent sessions.
EURUSD
Majors
Currencies
Technical Analysis
BoE’s Pill: Size and pace of further easing will hinge on inflation
a month ago
BoE’s Pill: Size and pace of further easing will hinge on inflation
BoE’s Chief Economist Huw Pill spoke before lawmakers in Parliament.
BOE
CentralBanks
GBPUSD
UnitedKingdom
GBP/USD surges as weak US data fuels Fed rate-cut bets
a month ago
GBP/USD surges as weak US data fuels Fed rate-cut bets
The Pound Sterling extended its gains versus the US Dollar on Wednesday, as market participants punished the latter.
GBPUSD
Majors
Macroeconomics
TradeWar
Technical Analysis
BoE’s Bailey: Second round inflation effects look less likely
a month ago
BoE’s Bailey: Second round inflation effects look less likely
BoE’s Governor Andrew Bailey testified before the Treasury Select Hearing.
BOE
GBPUSD
CentralBanks
US ISM Services PMI rises to 53.5 in February vs. 52.6 expected
a month ago
US ISM Services PMI rises to 53.5 in February vs. 52.6 expected
The economic activity in the US service sector continued to expand an accelerating pace in February, with the ISM Services PMI rising to 53.5 from 52.8 in January.
PMI
EconomicIndicator
UnitedStates
US factory orders for January 1.7% versus 1.6% expected
a month ago
US factory orders for January 1.7% versus 1.6% expected
US factory orders for January 2025
US February ISM services 53.5 vs 52.6 expected
a month ago
US February ISM services 53.5 vs 52.6 expected
US February 2025 ISM service
Silver Price Forecast: XAG/USD struggles around $32.40 while global trade war intensifies
a month ago
Silver Price Forecast: XAG/USD struggles around $32.40 while global trade war intensifies
Silver price (XAG/USD) struggles to extend its upside above the key resistance of $32.40 in Wednesday’s North American session.
Silver
XAGUSD
Fed
DollarIndex
TradeWar
BoE’s Greene: Appropriate to maintain cautious approach to removing monetary restrictiveness
a month ago
BoE’s Greene: Appropriate to maintain cautious approach to removing monetary restrictiveness
While testifying before the U Treasury Select Committee on Wednesday, Bank of England (BoE) policymaker Megan Greene said it is appropriate to maintain a cautious and gradual approach to removing monetary restrictiveness, as reported by Reuters.
BOE
CentralBanks
US Supreme Court rejects Trump on USAID freeze
a month ago
US Supreme Court rejects Trump on USAID freeze
The Supreme Court pushes back against Trump
Politics
OPEC production rose 170K in February
a month ago
OPEC production rose 170K in February
Reuters' secondary sources survey
Toronto housing numbers point to another kind of pain in the Canadian economy
a month ago
Toronto housing numbers point to another kind of pain in the Canadian economy
February sales decline sharply compared to last year
AUD/USD struggles to perform despite sheer weakness in US Dollar
a month ago
AUD/USD struggles to perform despite sheer weakness in US Dollar
The AUD/USD pair is slightly higher to near 0.6280 in North American trading hours on Wednesday.
AUDUSD
Fed
RBA
TradeWar
Employment
US Commerce Secretary Lutnick: We expect rates to come down if we balance the budget
a month ago
US Commerce Secretary Lutnick: We expect rates to come down if we balance the budget
In an interview with Bloomberg TV on Wednesday, US Commerce Secretary Howard Lutnick said that they will make an announcement on Canada and Mexico tariffs later in the day, adding that they will be "in the middle somewhere." Key takeaways "If Canada can stop fentanyl, US President Donald Trump is open-minded." "Trump is thinking about what sectors he can maybe consider giving Canada relief." "Trump will make the decision.
UnitedStates
Politics
InterestRate
ADP February US employment +77K vs +140K expected
a month ago
ADP February US employment +77K vs +140K expected
Results of the private payrolls survey for February 2025
GBP pulled through 200-day MA by softer USD tone – Scotiabank
a month ago
GBP pulled through 200-day MA by softer USD tone – Scotiabank
Pound Sterling (GBP) is enjoying the ride provided by the generally softer USD and the additional tow from the EUR lifting its European peers, Scotiabank's Chief FX Strategist Shaun Osborne notes.
GBPUSD
Technical Analysis
Banks