Tag Archives: USD
Trump Announces New Tariffs, Boosting the U.S. Dollar
U.S. Hits Canada, Mexico, and China with New Tariffs Last Friday, former President Donald Trump announced that the U.S. would impose tariffs of 25% on Canada and Mexico, along with 10% on China. He warned that punitive duties would follow if Canada and Mexico failed to take stronger measures to curb the flow of fentanyl […]
U.S Dollar Falls on Tariff Pause
Markets Await Trump’s Moves The dollar fell sharply on Monday after an official from the incoming U.S. administration indicated that President-elect Donald Trump would not impose new trade tariffs on his first day in office. This announcement eased fears of an immediate tariff blitz. (U.S Dollar Index Daily Chart, Source: Trading View) Trump, who is […]
Yen Shows Short-Term Appreciation Potential
Fundamental Analysis USDJPY Key Takeaways Technical Analysis USDJPY Daily Chart Insights (USDJPY Daily Price Chart, Source: Ultima Markets MT4) USDJPY 1-hour Chart Analysis (USDJPY H1 Price Chart, Source: Ultima Markets MT4) USDJPY Pivot Indicator (USDJPY M30 Price Chart, Source: Ultima Markets APP) Conclusion To navigate the complex world of trading successfully, it’s imperative to stay […]
U.S. Home Sales Rise, Boosting Dollar
Housing Inventory Gains Drive Market Shift On Monday, measures of US pending home sales according to signed contracts increased by 2.2% in November standing at 79.0. This was the highest level of US pending home sales since February 2023 and it is better than the recorded 77.3 for the month of October. Sales of contracts […]
Fed’s ‘Hawkish’ Rate Cut Lifts Dollar to Two-Year High
Fed Hold Rates Steady at 4.25% as Expected On Wednesday, the Federal Reserve decreased the benchmark policy rate by 25 basis points, which has reached a range of 4.25%-4.50%. The officials hinted at the possibility of a pause in further rate cuts next year as labor market conditions remained stable and the inflation trends showed […]
The Fed’s Last Meeting of the Year: To Pause or Further Ease?
A Balancing Act Between Inflation and Growth The year 2024 has been quite a roller coaster for political and economic events. The final interest rate decision meeting is scheduled for this month by the Federal Reserve. The minutes of the November meeting give insight into their next steps. A key takeaway is that many officials […]
