The USDCHF moved lower to start the trading week but found willing sellers near a key swing area between 0.86078 and 0.8619. The low held on Tuesday ahead of the election results. Those results sent the pair moving sharply higher. The run higher, extended back above the 100-day MA at 0.8667. It moved above the […]
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MUFG anticipates a resumption of USD appreciation over the coming months, following a brief pullback post-election. President-elect Trump’s strong mandate and planned policies on trade tariffs, tax cuts, and increased fiscal spending are expected to support higher yields and drive USD strength, particularly over the next 3-6 months. Key Points: Trump Policy Impact: Trump’s policies—tariffs, […]
By Karen Brettell and Stefano Rebaudo (Reuters) -The dollar rose on Friday and was heading for a weekly gain as investors evaluated the likely impact on the American economy of Tuesday’s election of Republican Donald Trump as U.S. president. Analysts expect Trump’s policy proposals — including more trade tariffs, a clampdown on illegal immigration, lower […]
We had a red sweep in the US election. That’s an outcome that was consensus bond bearish, on assumed larger deficits, inflationary tariffs and growth-boosting tax cuts. The initial reaction was about what you would expect, with 10-year yields rising 24 bps at the peak on Wednesday. Since then, two things happened: The first is […]
Mexican Peso weakens on fears of Trump-imposed tariffs on Mexican imports. Banxico expected to cut rates by 25 bps as inflation approaches 3% target. Upcoming US and Mexico economic data, including consumer confidence and Banxico decision, may add to Peso’s volatility. The Mexican Peso is against the ropes versus the Greenback on Friday, with the […]
EURUSD daily MUFG Research added a short EUR/USD to its Trade of the Week portfolio. MUFG is short EUR/USD with a target at 1.0400, and a stop at 1.10. “We are recommending a new short EUR/USD trade recommendation. We expect the EUR to weaken further against the USD in anticipation of Donald Trump imposing higher […]
The weekly Baker Hughes rig count remains unchanged across the board in the current week: Oil rig count 479 vs 479 last week Nat. Gas rig count 102 vs 102 last week Total rig count 585 vs 585 last week. This article was written by Greg Michalowski at www.forexlive.com. Source link
The USDCAD remained (for the most part) this week in a range between 1.38337 on the downside and 1.3958 on the topside. The topside is defined by the high from last Friday and the high from the US election buying. Both those highs took out the August high at 1.3945. Both of those levels are […]
The EURUSD is ticking lower in the US session and in the process is moving away from a swing area between 1.07609 and 1.07767. Staying below below that area keeps the buyers firmly in control. The Federal Reserve cut rates by 25 basis points yesterday, but the thoughts are that a Trump presidency will not […]
USD/JPY declines to a major trendline and finds support. It remains in an uptrend that could resume and push higher. USD/JPY has pulled back to support from a major trendline for the long-term uptrend at about 152.55. Despite the correction, the pair is in an uptrend on a short and medium-term basis and given the […]
The Pound Sterling faces mild selling pressure on Friday even though the BoE favored a more gradual rate-cut path. Both the Fed and the BoE cut interest rates by 25 bps on Thursday. The Fed is expected to cut its key borrowing rates by 25 bps again in December. The Pound Sterling (GBP) trades lower against the US Dollar […]
