Trump: I am increasing tariff on Canada by 10% over and above what they are paying now
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…
US stocks jumped at the open as CPI is cooler than expectations
The major US stock indices are trading higher helped by cooler CPI data and better earnings from Intel. Chips stocks are higher with Nvidia up 1.46%, Broadcom up 2.3%, AMD…
Hassett: Talks with Canada are not going well. Carney: Ready when the US is ready.
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Tech stocks surge: Semiconductors and consumer cyclical sectors lead the rally
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…
USDCAD Technicals:Trade news and CPI send the USDCAD higher and lower.Price action settles
The USDCAD popped higher earlier after Pres. Trump announced he was terminating trade talks with Canada, blaming Ontario ads that painted former Pres. Reagan as anti-tariff. The headline lit a…
European indices close higher on the day/for the week
Major European indices are closing higher on the day and for the week as well: German DAX, +0.13%. For the week 1.72% France’s CAC, unchanged. For the week +0.63% UK’s…
GBPUSD Technicals: The GBPUSD falls to new lows after 200 hour MA capped the rally
The GBPUSD moved higher after the weaker-than-expected U.S. CPI report, but the rally quickly lost steam once price reached the 100-hour moving average. Buyers turned to sellers, capping the move…
EURUSD technicals: The EURUSD is trading between 100/200 hour MA going into the weekend
The EURUSD traded both lower and higher today, extending to the upside after the weaker U.S. CPI data. However, sellers leaned against a swing area between 1.1645 and 1.1659, capping…
With US govt still shut, focus next week in the US will be on earnings and the Fed
Next week, the FOMC rate decision on Wednesday will be the highlight at 2 PM. Fed chair Powell press conference will follow at 2:30 PM ET. The Fed is expected…
Stocks trading at new highs as buyers plow in ahead of key earnings next week
The major stock indices are extending to new session rise as the day works toward a close. The NASDAQ index is up 317 points or 1.3%. The S&P index is…