FX Weekly Recap: May 27 – 31, 2024
CHF was the one currency to rule them all thanks to positive developments from Switzerland & broad risk-off vibes from geopolitical catalysts & shifting sentiment on economic activity ahead.
CHF was the one currency to rule them all thanks to positive developments from Switzerland & broad risk-off vibes from geopolitical catalysts & shifting sentiment on economic activity ahead.
(Reuters) -General Motors will lay off 1,695 workers at its Fairfax Assembly plant in Kansas, the company said in a Worker Adjustment and Retraining Notification notice earlier this week. A GM spokesperson, confirming the layoffs initially reported by Automotive News, said the first of two rounds will begin on Nov. 18, affecting 686 full-time workers…
The Australian and Canadian dollars weakened after Donald Trump announced plans to impose 100% tariffs on Chinese goods. The escalation in trade tensions between the world’s two largest economies has increased market caution and weighed on risk-sensitive currencies. Trump stated that the tariffs would come into effect from 1 November or sooner, depending on Beijing’s…
House Speaker Mike Johnson, R-La., vowed to retaliate for the guilty verdict against former President Trump on Sunday, saying House Republicans would use “everything in our arsenal.” Johnson made the comments during an appearance on “Fox News Sunday” with host Shannon Bream. The speaker emphasized the oversight powers that the House has, and said they…
SINGAPORE (Reuters) – Australia, Britain, Malaysia, New Zealand and Singapore have agreed to stage more complex military drills in the region this year involving drones, fifth-generation fighter planes and surveillance aircraft. The announcement on Friday by defence ministers from members of the 53-year old Five Power Defence Arrangement (FPDA) on the sidelines of the Shangri-La…
2026.01.16 2026.01.16 USD/JPY: Elliott Wave Analysis and Forecast for 16.01.26–23.01.26 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Major Takeaways Main scenario: Consider long positions from corrections above the level of 156.00 with a target of 162.00–165.00. A buy signal: the price holds above 156.00. Stop Loss: below 156.00, Take Profit: 162.00–165.00. Alternative scenario: Breakout…
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not…