The Pound Sterling (GBP) is also steady and consolidating in a tight range in the lower 1.33s, holding flat vs. the USD as we head into Friday’s NA session, Scotiabank’s Chief FX Strategists Shaun Osborne and Eric Theoret report. Markets still expect BoE easing “Fundamental data releases were better than expected, with a notable surprise in retail sales for…
Pres. Trump reacted to the new ads from Canada last night by saying all trade negotiations with Canada have been terminated due to fake news ads out of Canada. While Canada took the tact, that Reagan did not favor tariffs, Pres. Trump Trump characterized Reagan as loving tariffs for our country and national security. The Supreme Court will be…
The Japanese Yen (JPY) is soft, down 0.2% against the US Dollar (USD) and underperforming nearly all of the G10 currencies in overall quiet trade, Scotiabank’s Chief FX Strategists Shaun Osborne and Eric Theoret report. Focus on new PM’s fiscal plans & inflation with ~3% CPI “The JPY continues to trade defensively in the aftermath of PM Takaichi’s arrival,…
Shares of HUT are up 9.92% or $4.02 at $44.61. This week the East Wing of the White House was demolished to build a new ballroom. The price tag has risen to $300M from $200M. The Pres. notes that the funding will be from private donations. HMMMM. HUT profits and a donation from Binance? This article was written by…
GBP/USD trades sideways around 1.3325 on Friday at the time of writing, unchanged on the day after a volatile session triggered by multiple economic releases from the United Kingdom (UK) and the United States (US). In the UK, the latest macroeconomic data confirmed stronger-than-expected growth momentum. Retail Sales rose by 0.5% MoM in September, defying expectations of a 0.2%…
Sector Overview The US stock market is witnessing a robust day with the semiconductor sector outperforming markedly. Broadcom (AVGO) leads the pack, enjoying an impressive rise of 2.42%, followed closely by Micron Technology (MU) with gains of 3.92%. Advanced Micro Devices (AMD) also shows significant growth with a 1.52% increase. This showcases a bullish sentiment among investors towards tech…
The Japanese Yen (JPY) remains under pressure against the US Dollar (USD) on Friday, with USD/JPY trading around 152.80, up for the sixth straight day. The Greenback rebounded sharply after a brief dip triggered by softer-than-expected US Consumer Price Index (CPI) data, as upbeat business activity readings from the United States (US) helped the Greenback regain footing. The S&P…
Trump is still crying about an ad that clearly captured how Ronald Reagan felt about tariffs. This is surely just some kind of squeeze to try to get a better tariff deal. Canada was caught, red handed, putting up a fraudulent advertisement on Ronald Reagan’s Speech on Tariffs. The Reagan Foundation said that they, “created an ad campaign using…
GBP/USD trades sideways around 1.3325 on Friday at the time of writing, unchanged on the day after a volatile session triggered by multiple economic releases from the United Kingdom (UK) and the United States (US).
Dialogue between Russia and USD is continuing despite recent unfriendly steps from Washington. Such dialogue is only possible if Russia’s interests are treated with respect. Various forces, mainly UK and Europeans, trying to derail direct dialogue between Putin These things are going nowhere but the gameplan of grooming Trump (blaming UK and Europe) is back on. This article was…
