Japan Money Supply M2+CD (YoY) meets forecasts (3.3%) in February

GBP/USD: Ready to breakout ahead of NFP

The NFP is likely to provide some directionality to the Cable. Support is seen at 1.3700-1.3750 support.   The GBP/USD is currently trading around 1.3814 having lost more than 80 pips on Thursday. The current price structure on the daily chart is quite similar to the one found on th ...

Japan Overall Household Spending (YoY) came in at 1.9%, above expectations (-1.2%) in January

Canada couldn’t pose a threat to the US – Canada’s Freeland

Canada's Minister of Foreign Affairs, Christina Freeland, addressing Donald Trump's justification for steel tariffs citing national security. Key highlights: Says a tremendous effort has been made to lobby the US; today marks a step forward, but there is more hard work to do. Official ...

BoJ: a dovish tale – Nomura

Ahead of today's BoJ decision, analysts at Nomura explained that Mr Kataoka, the only member of the Policy Board to indicate opposition to the BOJ's current monetary policies, once again showed his dovishness in this speech.  Key Quotes: "However, we see no sign that he ha ...

BoC’s Lane: link between uncertainty and current policies – Reuters

The Bank of Canada's deputy governor, Tim Lane, is hitting the wires via Reuters, weighing in on the BoC's current policy stance and the waffling condition of steel tariffs from the US. Key quotes: We didn't say we have to be on hold until we have more clarity, but lack of clarit ...

Mexico stocks higher at close of trade; S&P/BMV IPC up 1.21%

Investing.com – Mexico stocks were higher after the close on Thursday, as gains in the Financial Services, Consumer Goods&Services and Consumer Staples sectors led shares higher. At the close in Mexico, the S&P/BMV IPC rose 1.21%. The best performers of the session on the S&P/BMV IPC ...

AUDUSD awaiting NFP to find triangle pattern resolution

US NFP to provide directionality to Aussie. Still vulnerable to the downside. The AUDUSD is currently trading at around 0.7785 while it is sitting at support pinched between the 100 and 200-period moving averages. The large triangle pattern on the daily chart suggests that a breakout i ...

NZD/USD begins the overnight session on the low side, sees 0.7250

Electronic Card Sales figures miss, but the Kiwi was already sinking against the Greenback. Dollar confidence is bidding up the USD as Trump's tariff threats lose their bite. The NZD/USD is on the low side heading into Friday's overnight session, testing into 0.7250 territory at Ne ...

ECB: the stance of policy must remain highly accommodative – Westpac

Analysts at Nomura explained that President Draghi and the ECB continue to show increasing confidence in the effectiveness of implemented monetary policy measures and the strength of the growth uptrend. Key Quotes: "No longer is it just pent-up consumer spending that is driving momentum, bu ...

Nonfarm payrolls: will show labor markets continued to strengthen? – Nomura

Analysts at Nomura offered a preview of the nonfarm payrolls report in a preview. Key Quotes: "We expect the February employment report to show that labor markets continued to strengthen, putting additional pressure on the FOMC to stay the course with the current hiking cycle ahead of th ...

USD/MXN drops to 1-week lows as Trump excludes Mexico from tariffs

Trump signed an order imposing tariffs but excluded Mexico and Canada.  Mexico and 10 more countries signed TPP-11. USD/MXN hit lowest since February 26.  USD/MXN lost ground again on Thursday amid a rally of the Mexican peso. The strength of the US dollar was not enough to push th ...

Bitcoin Falls To 3-Week Lows as Selling Pressure Heats Up

Investing.com – Bitcoin fell to a three-week low Thursday amid broad-based crypto selling as traders slashed their bullish bets on digital currencies. On the bitfinex exchange, Bitcoin fell 5.25% to $9,379.9. The move lower in bitcoin comes amid a noticeable uptick in negative sentiment o ...

So what did we learn from the tariff proclamation today?

So what did we learn from the tariff proclamation today? ... Not a lot and that's why stocks have continued higher after an initial drop on the announcements and leading into the event. First, here are the key headlines from the proclamation: Tariffs will be 25% on steel and 10% o ...