The recent performance of the US dollar may be telling us somethingTrump’s attempts to influence the FEd are raising questions about Fed independenceLiberation Day tariffs called into question USD safe haven roleCanadian leaders need to chart a more-independent course given new relationship with the USA, need to find new marketsThere are no monetary policy comments here but he’s sounding like a guy whose predecessor became a politician. This article was written by Adam Button at investinglive.com. Source: investinglive.com (Read Full Article)
GBP/USD steady at 1.3518 as PMIs signal slowdown, Powell speech eyed
The Pound Sterling (GBP) remains steady during the North American session on Tuesday after business activity on both sides of the Atlantic slows down in September, according to Flash Purchasing Managers Indices (PMI) reports in the UK and the US. GBP/USD trades at 1.3518, virtually unchanged. Source: fxstreet.com (Read Full Article)
USD/JPY steadies as US Dollar holds firm ahead of Powell’s speech
The Japanese Yen (JPY) trades under modest pressure against the US Dollar (USD) on Tuesday, with USD/JPY trimming earlier losses as the Greenback holds firm on steady US economic data and cautious Federal Reserve (Fed) rhetoric. Source: fxstreet.com (Read Full Article)
Pound Sterling Price News and Forecast: GBP/USD steady at 1.3518 as PMIs signal slowdown, Powell speech eyed
The Pound Sterling remains steady during the North American session on Tuesday after business activity in both sides of the Atlantic, slows down in September, according to Flash Purchasing Managers Indices (PMI) reports in the UK and the US. Source: fxstreet.com (Read Full Article)
EURUSD Technicals: Price trades back to highs in up and down trading
The EURUSD began the week with a modest dip that tested the 100-bar moving average on the 4-hour chart. Buyers leaned against that level and quickly rotated the price back to the upside. That move carried the pair to a high of 1.1820 earlier today.During the European and early U.S. session, a pullback found support near a swing area between 1.1779 and 1.1788. Buyers stepped back in at that zone and turned momentum higher once again, pushing the price toward the session high and the next key resistance target at 1.18289.A sustained break above 1.18289 would be required to open the door for a run toward 1.1909, a level defined by a double-top from August 2021. Notably, on FOMC day last week, the pair briefly extended above that double-top to 1.19178 before sellers re-entered and forced a rotation lower. However, that level at 1.1909 remains by key target if the buyers are to push this pair to even loftier levels going back to 2021. Note that the high price in January 2021 reached 1.23494. That was a highest level going back to 2018 This article was written by Greg Michalowski at investinglive.com. Source: investinglive.com (Read Full Article)
United States 2-Year Note Auction: 3.561% vs previous 3.641%
United States 2-Year Note Auction: 3.561% vs previous 3.641% Source: fxstreet.com (Read Full Article)
Fed's Powell: If policy is not in the right place, we'll move it there
US Federal Reserve (Fed) Chair Jerome Powell said that tariff increases will likely show up as somewhat higher inflation, while speaking on the economic outlook on Tuesday. Source: fxstreet.com (Read Full Article)
Trump:With the support of the EU, Ukraine is in position to fight &win all of Ukraine back
Pres. Trump on Truth Social is cheering on Ukraine in it’s fight against Russia. In his post he says:Although Trump professes to want peace, he also wants to sell military to Europe and NATO too. What better way to reduce the deficit then my selling high ticket defense goods to allies? This article was written by Greg Michalowski at investinglive.com. Source: investinglive.com (Read Full Article)
Canadian Dollar extends declines as Loonie flows dry up
The Canadian Dollar (CAD) pared back further on Tuesday, driven down across the FX board and shedding more weight against the US Dollar (USD) as Loonie buyers evaporate into the ether. Source: fxstreet.com (Read Full Article)
Dow Jones Industrial Average taps fresh record high before hesitating
The Dow Jones Industrial Average (DJIA) clipped another record intraday high on Tuesday, peaking near 46,715 for the first time. The Dow is tilted into the bullish side this week, teasing an extension into a fifth straight green session. Source: fxstreet.com (Read Full Article)