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Friday, February 7, 2025

American Market Recap: For the trading week, the USD is ending mostly lower.

For the trading week, the USD is ending mostly lower.

The USD moved sharply higher at the start of the week on the Canada and Mexico tariff news. Those tariffs got a reprieve and the USD moved lower. Today, the greenback was mixed after the jobs report... 

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US consumer credit for December $40.85B vs $12.35B estimate

Prior month -$7.49 B revised to -$5.37% US consumer credit for December came in higher than expected at $40.85B vs $12.35 B est. Revolving credit +$22.9B vs -$13.9B last month Nonrevolving credit +$... 

Details of the joint statement from Pres. Trump and Japan PM Ishiba

In a joint statement, Reiterate opposition by China to change the status quo by force in the East China Sea. Opposition to Chinese militarization in the South China Sea was expressed, calling for a pe... 

Crude oil futures settled at $71 a barrel

Crude oil futures settled $71 a barrel, up $0.39 or 0.55%. For the week, the price of crude oil has moved down -2.12%... 

Trump: Japan to double defense spending by 2027. US committed to the defense of Japan

Pres. Trump comments Prepared to double defense spending by 2027 Approved $1B in foreign military sales for Japan Discussed how our two nations can stay on the cutting edge of artificial intelligence... 

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Latest Forex Orders

FX option expiries for 7 February 10am New York cut

There are a couple to take note of on the day, as highlighted in bold . The first one is for EUR/USD at the 1.0400 level. Given the focus is now on the US jobs report, the large expiries here is likel... 

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