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Thursday, January 23, 2025

American Market Recap: Trump reiterates Feb 1 data for Canada and Mexico tariffs

Trump reiterates Feb 1 data for Canada and Mexico tariffs

USD/CAD rose on this, though only by a dozen pips to 1.4377. Yesterday Deutsche Bank argued that USD/CAD would go to 1.53 with tariffs and as high as 1.61 in a trade war, so you can see that the marke... 

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Trump: Zelensky told me he's ready to make a deal

Trump said earlier today that he wants the war in Ukraine to end. Reuters also had an interesting report today citing "five sources with knowledge of the situation" that Putin is concerned about disto... 

Crude oil settled at $74.62

The price of crude oil is settling at $74.62. That is down $0.82 or -1.09% on the day. Technically, the price fell below its 200-day moving average at $75.01 (green line) going back to January 8, the... 

Trump says he expects the Fed to listen to him on interest rates

If you look at the composition of the Fed, even after Trump fills upcoming appointments, there just aren't the votes for Trump to sway the Fed. We're going to be hearing him barking about interest rat... 

Trump will sign an executive order related to AI (and crypto)

We will await the details but an aide cited by Reuters said one of the orders is in regards to establishing a commission on science and technology. Update: President Donald Trump signed an Executive O... 

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Latest Forex Orders

FX option expiries for 23 January 10am New York cut

There is arguably just one to take note of on the day, as highlighted in bold . That being for EUR/USD at the 1.0400 level once again. The larger expiries there is likely to keep price action more loc... 

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