Trump complains about US-Japan trade talks as Bessent warns of higher tariffs

Trump complains about US-Japan trade talks as Bessent warns of higher tariffs
Source link

Trump complains about US-Japan trade talks as Bessent warns of higher tariffs
Source link
The Australian dollar remains firm near two-month highs at $0.6357 following the Reserve Bank of Australia’s (RBA) first rate cut in over four years. Despite the 25-basis-point reduction to 4.10%, the central bank signaled caution regarding further easing, leaving traders uncertain about the pace of additional cuts. Swaps indicate…
Rising US crude inventories are putting downward pressure on oil prices, interrupting a six-week slump. Geopolitical tensions in the Middle East and supply issues in Libya could potentially drive prices up. Softening demand from global airlines, especially for jet fuel, complicates the demand landscape. Conflicting signals from fundamental factors are expected to keep market participants…
The US dollar firmed after comments from Federal Reserve Chair Jerome Powell, who suggested that further rate cuts are unlikely in the coming months. While markets continue to price in policy easing by the end of the year, the current rhetoric points to a pause in the near term, supporting the dollar in USD/JPY and…
Its an almost empty economic and event calendar in the Asia-Pacific timezone today. Well, it is holidays! Professional market traders won’t really fire up again until next Monday, January 5. Nevertheless, we will be getting the Bank of Japan’s ‘Summary of Opinions’ from the December meeting at 2350 GMT which is 1850 US Eastern time…
AxiCorp Financial Services, which operates a retail contracts for differences (CFDs) brokerage under the brand Axi, is interested in acquiring the Australian trading platform SelfWealth and has submitted a bid of 23 cents per share. This would value the deal at AUD 52 million (about USD 34 million). Start of a Bidding War Axi’s latest…
By RoboForex Analytical Department The USD/JPY pair surged to 149.58 on Wednesday, marking its fourth consecutive day of gains as the Japanese yen extended its decline. The Bank of Japan’s (BoJ) latest policy decision failed to inspire confidence, leaving investors underwhelmed and further weakening the yen. Key factors driving USD/JPY movement As expected, the Bank…