FX

EUR/USD moves higher to near 1.0400 after the release of the flash German HICP for February and the US PCE inflation data for January. US President Trump confirmed tariffs on his North American partners and China on Thursday. Tariffs on Canada and Mexico, and an additional 10% levy on China to go into effect on March

The Pound Sterling turns flat against the US Dollar as US core PCE inflation cools on year in January. US President Trump proposes an additional 10% tariffs on China. The BoE is expected to follow a moderate policy-easing cycle. The Pound Sterling (GBP) trades flat to near 1.2600 against the US Dollar (USD) in Friday’s North

USD/CAD is falling slightly after the release of the US PCE inflation data for January and the Canadian Q4 and December GDP data. The US core PCE decelerated to 2.6% from 2.8% in December, as expected. The Canadian economy surprisingly rose at a higher growth rate of 2.6% on an annualized basis. The USD/CAD pair

The US Dollar is heading sideways on Friday after the US PCE reading for January.  Traders saw no surprises in the PCE numbers which were in line of expectations.  The US Dollar Index (DXY) locks in Thursday’s gains above 107.00 and tries to hold the level before heading into the weekend. The US Dollar Index (DXY),

USD/CAD posts a fresh 15-day high 1.4350 amid a strong recovery in the US Dollar. Investors expect Trump’s tax agenda to be pro-growth and inflationary for the economy. BoC dovish bets continue to weigh on the Canadian Dollar. The USD/CAD pair extends its winning spree for the fourth trading day on Wednesday. The Loonie pair

EUR/USD faces pressure above 1.0500 as the US Dollar gains amid a strong recovery in US bond yields. Republicans-controlled House of Representatives passed a $4.5 trillion tax cut plan on Tuesday. Investors await the preliminary German HICP for February and the US PCE inflation data for January, scheduled for Friday. EUR/USD continues to face selling pressure above

Mexican Peso weakens as Trump eyes copper tariffs, trade tensions escalate USD/MXN climbs past 20.50 as US Treasury yields rebound. US Treasury Secretary Bessent warns of economic fragility and supports tariffs as a revenue source. Mexico’s Balance of Trade and jobs data are in focus amid rising trade policy uncertainty. The Mexican Peso (MXN) begins

Extreme fear is driving US stock indexes, according to a popular CNN Business index. Their index has fallen to 22, repeating December’s lows. Only in early August last year did the indicator dip below 22 for a few days. An area of extreme fear is often seen as an attractive time to buy. However, the

The US Dollar sets forth its small recovery on Wednesday. Markets see rate cut bets by the Fed  increase with Tump’s tariffs set to kick in at the start of March. The US Dollar Index (DXY) resides near yearly lows, looking for a bounce.  The US Dollar Index (DXY), which tracks the performance of the

The SEK is the best performing G10 currency in the month to date, Rabobank’s FX analyst Jane Foley notes. EUR/SEK hits a fresh 1 year low and bounces back “At the end of last week EUR/SEK hit a fresh 1 year low and has since been bumping along close to the 11.12/11.14 support area. A

Mexico’s Q4 GDP contracts for the first time since 2021. Banxico slashes 2025 growth outlook to 0.6%, well below Finance Ministry projections. US data mixed: Manufacturing PMI improves but Services PMI falls into contraction. The Mexican Peso (MXN) lost some ground against the US Dollar (USD) on Friday as the Mexican economy decelerated in the

Gold touches all-time high of $2,954 amid trade policy uncertainty. Trump expands tariffs to lumber and soft commodities, adding market jitters. US data mixed: Manufacturing PMI improves, but Services PMI contracts. Gold price slides late on Friday, poised to end the week positively, accumulating eight straight weeks of gains that pushed the yellow metal to

The latest flash estimate shows the US S&P Global Composite PMI dropped to 50.4 in February, down from 52.7 in January. This points to a weaker expansion in overall business activity across the private sector. Meanwhile, the S&P Global Manufacturing PMI edged higher from 51.2 to 51.6, still indicating that manufacturing is expanding. In contrast,

UK Retail Sales beat expectations, rising 1.7% MoM in January. US S&P Global Services PMI drops into contraction, dragging Composite index lower. Traders price in fewer BoE rate cuts, supporting further GBP/USD upside. GBP/USD registers losses on Friday during the North American session after testing the 100-day Simple Moving Average (SMA) at 1.2658. Good economic

The US Dollar holds on to small gains after rather disappointing US PMI release.  The US economy is no longer outperforming or outpacing the Eurozone.  The US Dollar Index (DXY) heads back to the mid-106.00 region.  The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, is trading

EUR/USD slips 0.22% to 1.0450 on Friday, reversing after testing the 100-day SMA. RSI drops sharply to 55, signaling weakening bullish momentum near the midpoint. MACD histogram prints lower green bars, indicating fading buying pressure and potential for further downside. The EUR/USD pair faced a setback on Friday, declining by 0.44% to settle near 1.0450

GBP/USD slips after hitting record high past 100-day SMA GBP/USD registers losses on Friday during the North American session after testing the 100-day Simple Moving Average (SMA) at 1.2658. Good economic data from the United Kingdom (UK) pushed the pair towards year-to-date (YTD) highs of 1.2678 before stabilizing at current spot prices. The pair exchanges hands

UnitedHealth Group stock slides hard as DOJ opens investigation. Government probe involves possible fraudulent overcharging of Medicare Advantage plans. UNH stock slides as low as 438.50, a 10-month low. Health insurer calls allegations “false” and “outrageous”. UnitedHealth Group (UNH) stock crashed on Friday morning in light of a new United States (US) Department of Justice (DOJ) probe