President Trump sought to ease fears of a worsening trade conflict with Beijing on Sunday, hours after threatening 100% tariffs on all Chinese imports in retaliation for China’s new export restrictions on rare earth minerals. The proposed duties would mark a sharp jump from the current average 55% tariff rate. Posting on Truth Social, Trump struck a conciliatory tone,…
United States UoM 1-year Consumer Inflation Expectations: 4.6% (October) vs previous 4.7%
Good morning, afternoon or evening to all investingLive traders and welcome to the start of the new FX week. EUR/USD 1.1610 USD/JPY 151.82 GBP/USD 1.3330 USD/CHF 0.8018 USD/CAD 1.3990 AUD/USD 0.6505 NZD/USD 0.5744 I’ll be back with weekend news soon! The impactful new from Friday ICYMI: investingLive Americas market news wrap: Trump lobs a hand grenade And then, from…
Consumer confidence in the United States (US) deteriorated slightly in early October, with the University of Michigan’s Consumer Sentiment Index edging lower to 55 in its preliminary estimate from 55.1 in September. This print came in better than the market expectation of 54.2. Other details of the publication showed that the Current Conditions Index improved to 61 from 60.4,…
Some comments from US Vice President J.D. Vance have kicked off a rebound in crypto, which is a positive signal for a broader rebound in risk assets on Monday. Talked to Trump about China yesterday Trump willing to be a reasonable negotiator with China Trump hopes US doesn’t need to use leverage on China We appreciate friendship Trump developed…
Gold (XAU/USD) holds firm on Friday following a sharp pullback the previous day after retesting Wednesday’s all-time high of $4,059. At the time of writing, XAU/USD is hovering around $3,985, as bulls struggle to extend gains beyond the $4,000 psychological mark. The pullback from record highs was largely driven by profit-taking and easing geopolitical risk following a US-brokered Gaza…
The EURUSD raced higher with the dollar selling after US China tensions increased with Pres. Trump saying that massive tariffs would need to be imposed on imported goods from China in response to their export controls on rare earths. The move to the upside saw the pair extend toward key resistance at the near converged 100-hour moving average and…
The EUR/GBP pair advances on Friday but remains shy of the 0.8700 figure after hitting a daily high of 0.8725 earlier during the European session. France’s political turmoil and a stagnating economy in the UK could keep the cross-pair trading within familiar levels of 0.8650-0.8750. Euro steadies as uncertainty in Paris offsets weak UK outlook and dovish BoE expectations…
The major European indices are all closing lower on the day. The biggest decliner was Italy’s FTSE MIB with a fall of -1.74%. Spain’s Ibex was the best performer with only a decline of -0.70%. Below is a summary of the changes for the indices: Europe (Euro Stoxx 50): 5,537.50, -88.10 (-1.57%) Germany (DAX 40): 24,241.47, -369.79 (-1.50%) France…
GBP/USD retreats toward 1.3280 during Friday’s US session, marking a fresh two-month low. The US Dollar (USD) remains firm, supported by increased safe-haven demand amid political uncertainty in Japan and France. The US Dollar Index (DXY) holds near Thursday’s two-month high of 99.56, limiting any rebound of the Cable. Despite rising expectations for further interest rate cuts by the…
