The US Dollar has fallen back to session lows and is on track for a more than 2% loss this week in the Dollar Index. President Trump delivered softer comments, suggesting that tariffs on China might not be imposed after all. As a result, the US Dollar Index (DXY) has …
Read More »American Express Exceeds Expectations With Strong Q4 Results
American Express reported fourth-quarter financial results that largely met market expectations. The company achieved earnings per share (EPS) of $3.04, slightly surpassing the consensus estimate, while total revenue aligned with analyst projections at $17.18 billion. Notably, billed business reached a record high of $408.4 billion, reflecting a robust 8% year-over-year …
Read More »Market Drivers: US Session
The US Dollar Index weakened on Thursday as investors digested recent announcements regarding trade policy. Market focus now shifts to key US economic data, including flash Manufacturing and Services PMIs, Existing Home Sales, and the final Michigan Consumer Sentiment.EUR/USD resumed its uptrend, boosted by a weaker dollar and supported by …
Read More »Breaking Free: The Bank of Japan’s Path to Monetary Policy Normalization
The Bank of Japan (BOJ) is poised to significantly raise its benchmark interest rate, signaling a decisive shift in its monetary policy and marking a crucial step towards economic normalization. This move, widely anticipated by markets, reflects growing confidence in the sustainability of inflation and a strengthening economic recovery.The expected …
Read More »S&P 500 Reaches Record High Amid Mixed Earnings and Trump Comments
Introduction: The benchmark S&P 500 soared to an all-time high on Thursday, driven by a blend of corporate earnings reports and remarks from President Donald Trump. Investors are closely monitoring these developments, which have significant implications for the market’s trajectory.Corporate Earnings and Market Performance: The S&P 500’s rise was accompanied …
Read More »US Dollar Pressure Before and After Trump’s Davos Remarks
US traders are closely monitoring the Federal Reserve’s looming rate decision, despite ongoing headlines about cuts. President Trump has renewed criticism of trade imbalances, sparking market chatter about new tax cuts and oil price demands. Solid US growth between 2.5% and 3.0% supports the Greenback, but policy ambiguities weigh on …
Read More »Euro Slides Amid ECB Rate Cut Expectations
The Euro continued to decline from the opening of morning trading, significantly by European interest rate expectations following increased expectations that the European Central Bank will cut interest rates at its January meeting.Statements from within the European Central Bank on Wednesday increased the likelihood of further interest rate cuts at …
Read More »Canadian Goods Spending Boosted by Strong Auto Sales in Q4
According to National Bank of Canada, while November’s retail sales report was disappointing, with overall goods spending stagnating and volumes declining due to rising prices, a surge in car sales provided a significant boost to spending in the fourth quarter.Car sales are estimated to have grown by 19.1% annualized in …
Read More »Could US Dollar Encounter Shifting Sands? Tariffs and the Trump Legacy
The Rise of BRICS+: A New Era of Global InfluenceThe recent expansion of BRICS, the economic bloc comprising Brazil, Russia, India, China, and South Africa, marks a pivotal moment in the global economic order. With the addition of Indonesia as a full member and a diverse array of nations joining …
Read More »Netflix Soars to New Highs on Record Subscriber Growth
Netflix shares surged to a new all-time high on Wednesday, driven by a strong fourth-quarter earnings report that significantly exceeded market expectations. The streaming giant added a record 18.9 million subscribers, boosting revenue and earnings well above analyst forecasts.This impressive performance ignited a wave of optimism among investors, leading to …
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