News

Ford Motor Co. has warned dealers that vehicle prices could rise on models produced from May onwards if President Trump’s auto tariffs remain in place.

While its current nationwide discount program will continue through 2 June, the company said pricing for newer models may need to be adjusted due to rising costs.

Reuters cite a memo they have seen for the info.

• Ford’s Andrew Frick said that if the current tariff policy holds, price increases will likely begin with May production, though customers wouldn’t see those changes until early July.
• However, prices on vehicles already in dealer inventory will remain unchanged.

This is despite Ford being relatively well-insulated from the worst effects of the tariffs, with 80% of its U.S. sales produced domestically.

This article was written by Eamonn Sheridan at www.forexlive.com.

Awaiting news on this.

I’ll be keen to hear the readout from Japanese officials, I suspect it’ll be more reliable than any we’ll get from the US side. I’m not suggesting the US side is deceptive, its just that the grasp they have on reality is mainly lacking.

Oh, here we go, Trump says ‘big progress’, whatever that means.

Trump me with Ishiba a few weeks ago.

This article was written by Eamonn Sheridan at www.forexlive.com.

The NZD/USD pair advanced for a third session on Wednesday, holding near the 0.5900 region ahead of the Asian session. The pair saw modest gains and remained confined within a relatively tight range between 0.58865 and 0.59308, suggesting a steady bullish tone.

Gold has surged to new highs amid persistent overnight buying from Asia, with volumes well above average. Goldman Sachs highlights that despite the rally, positioning is not yet stretched. Their bullish year-end forecast now stands at $3,700/oz, with a $4,500/oz tail-risk scenario under potential Fed policy shifts.

Key Points:

• Asian Buying Momentum:Spot gold broke Monday’s highs, marking eight consecutive overnight rallies driven by strong Asia session demand.

• Elevated Volumes:Trading volumes are currently running ~40% above the 10-session average at this time of day.

• Positioning Still Roomy:CFTC, ETF, and open interest data indicate speculative positioning is not yet extended, suggesting room for further upside.

• Goldman’s Upgraded Outlook:GS recently raised their 2025 year-end forecast to $3,700/oz, citing:

  • Increased ETF inflows

  • Continued central bank buying

  • Elevated geopolitical and macro uncertainty

• Tail Scenario:If the Fed is forced to subordinate policy due to debt concerns or US reserve currency shifts, GS sees gold potentially spiking to $4,500/oz.

Conclusion:

Goldman views the current rally as sustainable, with strong physical demand and investor inflows from Asia underpinning the move. Positioning remains far from euphoric, supporting their constructive outlook, while macro risks could trigger a super-spike scenario in the months ahead.

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This article was written by Adam Button at www.forexlive.com.

The Mexican Peso continues to appreciate against the US Dollar as market appetite remains sour, while Fed Chair Jerome Powell emphasized that he remains slightly focused on inflation as the economy is near maximum employment. At the time of writing, the USD/MXN trades at 19.96, down 0.58%.