MON: Eurogroup Meeting, Norwegian CPI (Feb), EZ Sentix Index (Mar), Japanese GDP (Q4) TUE: EIA STEO WED: 25% US tariff on all imports of steel and aluminium comes into effect, BoC Announcement,...
Brief Reminder In 2018, US President Donald Trump initiated a trade war update with sanctions against China. Economic disagreement between the United States and China began in 2018 when United States...
Trump’s U-Turns Keep the Market Under Pressure Both US equity indices and the US dollar remain under severe stress as US President Trump continues his back-and-forth on the tariffs front. In another...
The risk of a recession in the U.S. is not zero. This is particularly true as the current Administration tackles Government bloat and implements tariffs. However, before we discuss why the risk of a...
Gold Dips on Profit-Taking as NFP Looms The gold (XAU/USD) price declined by 0.3% on Thursday as US Treasury yields rose and traders took profits on their long positions. We are just seeing some mild...
The BLS reports nonfarm payrolls and unemployment numbers for February on Friday. It follows a weaker than expected ADP private sector jobs report. What to expect from Friday's jobs report. Only...
The trade deficit grew to $131.4 billion in January, the worst monthly deficit on record. Exports grew by $3.3 billion (+1.2%) while imports grew by $36.6 billion (+10%).Over the last 30+ years,...
NFP Key Points NFP report expectations: +160K jobs, +0.3% m/m earnings, unemployment at 4.0% Leading indicators point to near-expectation reading in this month’s NFP report, with headline job...
USD/JPY slides below 148.65, eyes key support at 147.20 as yen strengthens Nasdaq 100 futures close below 200DMA for the first time since March 2023 Tech losses weigh on carry trades, raising risk...
China’s top legislative body, the National People’s Congress (NPC), kicked off its annual meeting on Wednesday, March 5. This week-long concave, which also includes the Chinese People’s Political...