If Trump wanted Russia to lose the war in Ukraine or regime change in Iran/Venezuela, what would be his first move? The wise move would be to pull on whatever levers possible to get oil prices down in order to minimize a spike later. You could do that by leaning on Saudi Arabia and allies in OPEC to open…
Silver (XAG/USD) trades little changed on Friday, hovering around $49 per ounce as investors digest the cautious message from the US Federal Reserve (Fed) and the recent diplomatic progress between the United States (US) and China. Fed Chair Jerome Powell’s measured tone during Wednesday’s press conference weighed on expectations for further interest rate cuts this year. Powell stated that…
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you…
The Canadian Dollar (CAD) remains under pressure against the US Dollar (USD) on Friday, weighed down by renewed demand for the Greenback after the Federal Reserve’s (Fed) cautious guidance tempered expectations of another rate cut this year. At the time of writing, USD/CAD is trading around 1.4009, near a one-week high after briefly dipping to a one-month low on…
The EURUSD sellers are pressing their advantage with a break below the 1.1541–1.1546 support area — a zone that now turns into near-term resistance and defines risk for shorts. On the downside, the pair is testing an older swing area from June through August between 1.1518 and 1.1529, with the low so far reaching 1.1522. A move below 1.1518…
Colombia National Jobless Rate registered at 8.2%, below expectations (8.5%) in September
Sector Overview Today’s stock market heatmap reveals a compelling narrative unfolding across sectors, with the consumer cyclical sector skyrocketing, led by an impressive surge from Amazon (AMZN), up a remarkable 10.38%. This rally highlights a robust recovery in retail demand and investor optimism in online shopping trends. Tesla (TSLA) also shone brightly, rising 3.36%, signaling positive sentiment in the…
The Pound Sterling (GBP) extends its losing streak against the US Dollar (USD) for the fourth trading day on Friday.
A surprise in this week’s Fed decision was a hawkish dissent from Kansas City Fed President Schmid, who didn’t want to hike rates. In his published comments today regarding the dissent, one of the things he highlighted was the tailwind from ‘financial conditions’. That’s a code phrase from the Fed that mostly means ‘the stock market’ and what he’s…
The Japanese Yen (JPY) steadies against the US Dollar (USD) on Friday, with USD/JPY pausing its two-day winning streak despite the Greenback’s broader strength, as renewed verbal warnings from Japanese officials revive intervention concerns. Japan’s new Finance Minister Satsuki Katayama said the government is “closely monitoring FX with a high sense of urgency,” a remark that offered the Yen…
