House Democrats, led by Maxine Waters and Stephen Lynch, are calling for lawmakers to prevent the passage of upcoming crypto regulations. They cautioned that passage of the bills could "legitimize President Trump's crypto corruption."House … [Continue reading]
Dow Jones Industrial Average struggles as equities buckle under new tariff threats
losingThe Dow Jones fell back into the weekly red zone on Friday.President Trump has stepped up fresh tariff threats, targeting Canadian goods with new import fees.Investor sentiment remains hobbled in a constantly changing trade policy … [Continue reading]
USD/CHF Price Forecast: Holds firm below 0.8000 on US Dollar demand
USD/CHF capped by 20-day SMA and April trendline near 0.8000.RSI hints at building bullish momentum, though still below neutral.Bearish continuation may target July lows at 0.7919 and 0.7872.The USD/CHF consolidates during the North American session, … [Continue reading]
FHFA Director suggests that Fed Chair Powell may be considering resigning
Bill Pulte, the Trump-selected Director of the Federal Housing Finance Agency and former chairman of Fannie May and Freddie Mac, nodded to entirely-uncomfirmed reports that Federal Reserve (Fed) Chair Jerome Powell may be considering resigning from … [Continue reading]
Fed’s Goolsbee warns that new tariff threats could hamper rate cut hopes
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 … [Continue reading]
Canadian Dollar tests low side despite upswing in Canadian labor data
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 … [Continue reading]
United Kingdom CFTC GBP NC Net Positions increased to £33.2K from previous £31.4K
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 … [Continue reading]
United States CFTC S&P 500 NC Net Positions: $-140K vs previous $-86.8K
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 … [Continue reading]
GBP/USD crashes as UK GDP disappoints, trade war escalation boost USD
UK GDP shrinks for second straight month, boosting August BoE cut odds to 78%.Trump escalates trade war with 35% tariffs on Canadian goods, spooking markets.Rising rate cut bets and fiscal concerns pressure Sterling ahead of key UK data next week.The … [Continue reading]
EUR/GBP Price Forecast: Breaches channel top at 0.8640 after downbeat UK data
The Euro is attempting to break above the last two weeks' channel top, at 0.8640.Downbeat UK GDP and manufacturing data are weighing heavily on the Pound.EUR/GBP: Above 0.8640, the next target is the July 2 high, at 0.8665.The Euro is trading higher … [Continue reading]