Follow the latest analyses and key economic, financial, and global market news in this section. Our team reviews the most important market events daily and provides comprehensive insights for traders and enthusiasts.
Early Canadian gross domestic product and net trade data have broadly showed signs the economy is stabilizing after contracting in Q2. However, heavily trade-exposed sectors remain under significant pressure, driving expectations for softer industry data on Wednesday. Statistics Canada’s preliminary estimate showed manufacturing sales contracted 1.5% in August, partially reversing the stronger 2.5% gain in […]
The post Forward Guidance: U.S. Tariffs Likely Continued to Weigh on Canadian Industries in August appeared first on Action Forex.
US shutdown reaches a critical stage; dollar benefits from lingering uncertainty. US CPI report may be published but the Fed needs more data to justify the rate cut. No end to the yen’s suffering, as dollar/yen trades at intervention territory. China is potentially preparing for new support measures and a looser PBoC stance. Key jobs […]
The post Week Ahead – Markets May Grow Wary of US Shutdown and Lack of US Data appeared first on Action Forex.
US shutdown reaches a critical stage; dollar benefits from lingering uncertainty. US CPI report may be published but the Fed needs more data to justify the rate cut. No end to the yen’s suffering, as dollar/yen trades at intervention territory. China is potentially preparing for new support measures and a looser PBoC stance. Key jobs […]
The post Week Ahead – Markets May Grow Wary of US Shutdown and Lack of US Data appeared first on Action Forex.
In a TruthSocial post from Donald Trump, he says that tariffs will need to be raised on China goods coming into the US as a result of China’s recent export controls on rare Earth’s.
A summary of bullet point format:
China’s move: China has sent letters worldwide signaling intent to impose export controls on rare earths and other production elements, even those not manufactured in China.
Global reaction: Other countries are angry and alarmed, viewing this as sudden trade hostility that could disrupt markets globally.
Surprise factor: The U.S. relationship with China had been positive over the past six months, making this move especially unexpected.
China’s strategy: Seen as a plan to build a monopoly over rare earths and magnets, holding the world “captive.”
U.S. stance: The U.S. also holds stronger monopoly positions in other areas, which haven’t been used — but now may be deployed in response.
Presidential response: Trump has not spoken with Xi, canceling plans to meet at APEC in South Korea; considers the timing hostile, especially as it coincided with a peace breakthrough in the Middle East.
Potential countermeasures: U.S. preparing financial responses, including a massive increase in tariffs on Chinese goods and other measures under review.
Outlook: While potentially painful, Trump frames this as ultimately a long-term positive for the U.S.
The US market is not take it well with the NASDAQ index down 272.2 or -1.19%. The S&P index is down -56.50 point or -0.84%, while the Dow industrial average is down -285.2 or -0.61%.
US yields are lower with the 10 year yield down -7.7 basis points at 4.070%. The two-year is down 5.4 basis points at 3.545%.
The USD has moved sharply lower.
Meanwhile, the EU is preparing a new proposal with the U.S. to advance the next phase of their trade deal, seeking to sideline Washington’s push for the EU to roll back regulations that former President Trump has frequently criticized. According to sources, the plan involves creating a detailed checklist to ensure the agreement stays on track and progresses within the framework the two sides established over the summer, providing a structured path forward for implementation.
This article was written by Greg Michalowski at investinglive.com.
This week was dominated by political events. On Monday, France’s newly appointed Prime Minister Sébastien Lecornu resigned after just 26 days in the role, triggering yet another political crisis in the country. And on Wednesday evening, news emerged that Israel and Hamas would be ready to sign a ceasefire deal, pausing a devastating war that […]
The post Weekly Focus – France to Get Yet Another Prime Minister appeared first on Action Forex.
Markets just received the Canadian labor report — and unlike the still-missing U.S. one (thanks, government shutdown), this one actually delivered. Canada added +60K jobs vs. +5K expected, a sharp rebound from last month’s -65K loss. Even better, most of these gains came from full-time positions, signaling renewed strength in the labor market. Being bullish […]
The post Canadian Employment Makes a Comeback – USD/CAD Reverses appeared first on Action Forex.
Markets just received the Canadian labor report — and unlike the still-missing U.S. one (thanks, government shutdown), this one actually delivered. Canada added +60K jobs vs. +5K expected, a sharp rebound from last month’s -65K loss. Even better, most of these gains came from full-time positions, signaling renewed strength in the labor market. Being bullish […]
The post Canadian Employment Makes a Comeback – USD/CAD Reverses appeared first on Action Forex.
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