Mexican Peso trades sideways against the US Dollar as US jobs data remains in focus
The Mexican Peso (MXN) is trading in a tight range against the US Dollar (USD) on Tuesday, following the Greenback’s recovery from Monday’s sell-off.
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Fed’s Cook: Tariffs could lead to stagflation environmentFederal Reserve (Fed) Board of Governors member Lisa D. Cook noted on Tuesday that although the US economy appears to be in a healthy place for the time being, the biggest economic threat to stability remains the Trump administration’s trade policies.
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Fed’s Cook: Tariffs could lead to stagflation environmentFederal Reserve (Fed) Board of Governors member Lisa D. Cook noted on Tuesday that although the US economy appears to be in a healthy place for the time being, the biggest economic threat to stability remains the Trump administration’s trade policies.
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WTI Crude Oil extends gains as Canada wildfires, geopolitical tensions, and a broadly weaker US Dollar support prices
West Texas Intermediate (WTI) Crude Oil prices continue their upward trajectory on Tuesday, marking the second day of gains. At the time of writing, WTI is hovering near Monday’s high, trading around $63.06 per barrel, reflecting a nearly 2% increase on the day. -
WTI Crude Oil extends gains as Canada wildfires, geopolitical tensions, and a broadly weaker US Dollar support prices
West Texas Intermediate (WTI) Crude Oil prices continue their upward trajectory on Tuesday, marking the second day of gains. At the time of writing, WTI is hovering near Monday’s high, trading around $63.06 per barrel, reflecting a nearly 2% increase on the day. -
Fed’s Goolsbee: We could see a direct tariff effect on prices within a monthFederal Reserve (Fed) Bank of Chicago President Austan Goolsbee fell in step with the Fed policymaker crowd on Tuesday, admitting that while things look good right now, policy uncertainty remains elevated at the hands of President Trump’s whiplash tariff policies, and the Fed is beginning to brace f
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Fed’s Goolsbee: We could see a direct tariff effect on prices within a monthFederal Reserve (Fed) Bank of Chicago President Austan Goolsbee fell in step with the Fed policymaker crowd on Tuesday, admitting that while things look good right now, policy uncertainty remains elevated at the hands of President Trump’s whiplash tariff policies, and the Fed is beginning to brace f
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Fed’s Goolsbee: We will have to wait and see if tariffs have a big or small impact
Goolsbee doesn’t have pre-released text for his speech, so I’ll update as we go if there is anything. He’s talking about the inflatino impact of tariffs in these comments.
- Could see direct effect of tariffs on prices within a month
- Slowdown related to tariffs might not show up for a while in the data
This article was written by Adam Button at www.forexlive.com.
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EUR/USD Set to Rise as Sentiment Turns Against the US Dollar
The EUR/USD pair rose to 1.1418 before pausing, as bearish sentiment towards the US dollar intensified following the release of disappointing US macroeconomic data and escalating trade tensions. The dollar is under pressure from weak data and trade uncertainty The dollar came under renewed pressure after the release of weaker-than-expected US manufacturing activity data for […]
The post EUR/USD Set to Rise as Sentiment Turns Against the US Dollar appeared first on Action Forex.
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USD/CAD Daily Outlook
Daily Pivots: (S1) 1.3677; (P) 1.3710; (R1) 1.3745; More… Intraday bias in USD/CAD is back on the downside with breach of 1.3685 support. Current fall from 1.4791 is resuming. Next target is 61.8% projection of 1.4414 to 1.3749 from 1.4014 at 1.3603. For now, outlook will stay bearish as long as 1.3860 resistance holds, in […]
The post USD/CAD Daily Outlook appeared first on Action Forex.
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