USD/JPY daily Bank of America highlights that tightening election polls in Japan and incoming US tariffs raise fiscal and political risks, making the yen vulnerable. They stay long USD/JPY targeting 152 and prefer EUR/JPY and AUD/JPY as additional ways to position for yen weakness. Key Points: Japanese Election Risk: Early polls suggest the LDP-Komeito coalition may struggle to keep…
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The major European indices are ending the week today with moves to the downside. However, for the week, share prices are higher. A snapshot of the closing levels today shows: German DAX, -0.82% France’s CAC, -0.92% UK’s FTSE 100 -0.38% Spain’s Ibex -0.94% Italy’s FTSE MIB -1.11%. For the trading week: German DAX, +1.97% France’s CAC +1.73% UK’s FTSE…
United States CFTC S&P 500 NC Net Positions: $-140K vs previous $-86.8K
AUDUSD daily MUFG notes that Q1 2025 COFER data revealed large reserve manager selling of the Japanese yen and Australian dollar, while Swiss franc holdings surged. Despite some caution on the euro, a recent OMFIF survey points to improving sentiment that could support EUR demand. Key Points: USD Holdings Steady: The global USD share of FX reserves stayed almost…
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does…
Prior was -316.0B Last June was -69B Outlays $499 billion Receipts $526 billion Customs duties $27 billion This is a pleasant surprise but comes after a huge deficit month. It’s always tough to draw trends from individual months because holidays and two-week pay periods shift around. This article was written by Adam Button at www.forexlive.com.
The Canadian Dollar stumbled back on Friday as tariff fears remain. Canadian labor data overshot forecasts, bolstering the Loonie. Fresh tariff threats from Donald Trump have crimped CAD gains. The Canadian Dollar (CAD) tested lower ground against the US Dollar (USD) on Friday, shedding weight despite Canadian labor data figures outperforming median market forecasts by a sizeable margin, kicking…
EUR/GBP daily MUFG is out with its trade of the week and highlights EUR/GBP, which is trading at 0.8650 at the moment. “We are recommending a long EUR/GBP trade idea to reflect our view that downside risks for the GBP are increasing. We have been encouraged by price action over the past week. EUR/GBP has held above the 0.8600-level…
In an interview with the Wall Street Journal, Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee warned that ongoing trade policy at the hands of Trump’s constant tariff threats could hamper the ability of the Fed to deliver interest rate cuts that both the broader market and Donald Trump himself want to see. Key highlights New tariffs unveiled…
