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Friday, May 23, 2025

American Market Recap: Trump appears to approve the Nippon takeover of US Steel -- with a healthy dose of spin

Trump appears to approve the Nippon takeover of US Steel -- with a healthy dose of spin

US President Trump appears to have green-lighted the Nippon Steel takeover of US Steel. It's a deal that he opposed on the campaign trail and was killed by President Biden after the election. However... 

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Crude oil settles up $0.33 at $61.53

Crude oil is settling the day up $0.33 on the day at $61.53. The high today reached $61.84. The low was at $60.06. For the trading week, the price is closing down marginally by about - $0.34 or -0.54%... 

BofA: Yen faces summer weakness; we target USD/JPY at 155 by year-end

USDJPY daily Bank of America maintains a bullish USD/JPY outlook , projecting the pair to rise to 155 by end-2025 , citing a mix of domestic political, fiscal, and trade-related risks in Japan. They e... 

Trump: I'm not looking for a deal with EU, it's set at 50%

AI image Could talk about delays to EU tariffs if they start moving to the US Talks with EU are slow moving I'm not looking for a deal, it's set at 50% Numerous other deals ready to be signed Would al... 

Credit Agricole: The return of USD 'frown'; is a 'Truss Moment' inevitable?

Credit Agricole sees the return of the "USD frown" —the relationship between USD and US equity/FI performance—driving near-term USD weakness. But they dismiss fears of a full-blown crisis akin to the... 

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Latest Forex Orders

FX option expiries for 23 May 10am New York cut

EUR/USD 1.1400 (EUR 1.25bn) 1.1345 (EUR 882mn) 1.1330 (EUR 964mn) 1.1300 (EUR 1.84bn) 1.1275 (EUR 1.50 bn) USD/JPY 145.00 (US$ 2.81bn) 144.00 (US$ 2.37bn) 143.00 (US$ 1.76bn) GBP/USD 1.3600 (GBP 379mn... 

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