Trump is posting on Truth Social, that he will be raising the tariffs paid by India to the US as result of them buying massive amounts of Russian oil and then selling it in the open market. This article was written by Greg Michalowski at investinglive.com. fbs.mobi
Prior month +8.3% This article was written by Greg Michalowski at investinglive.com. fbs.mobi
The Swiss government says it is not considering any countermeasures against the US at this point. It is ready to make more attractive offer to the US. One of the surprising tariff rates was the 39% to Switzerland. The president said that they have a $40 billion trade deficit and that’s not good enough. Luxury … Read more
Headlines: Markets: GBP leads, CHF lags on the day European equities higher; S&P 500 futures up 0.6% US 10-year yields up 1 bps to 4.226% Gold up 0.1% to $3,367.74 WTI crude down 1.8% to $66.10 Bitcoin up 0.25 to $114,431 After the chaotic mess on Friday, markets are seeking a bit of a breather … Read more
Fundamental Overview The soft NFP report on Friday weighed on the risk sentiment as growth expectations took a hit. The S&P 500 fell to new lows before erasing most of the losses today as Fed’s Williams said over the weekend that he would go into the September meeting with “very much an open mind”. Overall, … Read more
That is what Morgan Stanley is arguing at least as they remain bullish on equities in the coming year. In a note following the US jobs report on Friday, the firm says that: “We’re buyers of pullbacks and bullish the next 12 months. We think the Fed will eventually transition to cuts. Friday may be … Read more
It’s a light week ahead in terms of economic events for the FX market. Monday starts off quietly, with no significant data scheduled. On Tuesday, the key release will be the ISM Services PMI from the U.S. and on Wednesday, New Zealand will publish its quarterly employment change and unemployment rate. Thursday’s highlight will be … Read more
There are a couple to take note of on the day, as highlighted in bold below. They are for EUR/USD layered in between the 1.1550 to 1.1600 levels. The dollar was dealt a blow after the US jobs report last week, with massive downward revisions to payrolls and Trump’s firing of the BLS chief giving … Read more
Citi had previously penciled their gold forecast for the next three months at $3,300. And in looking to the expected trading range, they had previously forecast that the precious metal will keep around $3,100 to $3,500. Now, they’re seeing that at $3,300 to $3,600. It’s an upgrade to their previous call, citing a deterioration in … Read more
Japan’s chief trade negotiator, Ryosei Akazawa, said the recently announced trade agreement between the United States and Japan is not a legally binding commitment, casting doubt on the scope and enforceability of the deal. In remarks that could cool optimism around the agreement, Akazawa urged caution, stating that not all comments from U.S. officials about … Read more
