Ready to Get Started?
Start here. Join over 3M Libertex users around the world!
You were warned- USD/CAD reverses fall and more
Yesterday the noted slide in the USD/CAD, from a high at 1.4486 to a low at 1.4262 was all about the news reported by the Wall Street Journal. That news stated that Trump would not enact immediate sweeping trade tariffs on Countries such as China, Mexico and Canada. That report was later confirmed by a White House official. Well, much earlier today (yesterday evening stateside) Trump totally poured cold water on all that, when he stated that he thinks they will impose a 25% tariff on Canada and Mexico from February 1. So, what did I say about that yesterday? Please refer to the headline on the Dollar index timed at 2.55pm yesterday. So, the USD/CAD which had closed in the US last night of its worst levels, at 1.4310, spiked to 1.4516 on this news reversal. It has dropped back since, to just below 1.4400, but as you can see, betting on Trump on-way, or the other is very unpredictable and volatile business. The USD/CAD is right now 1.4435
Market News
All News-
University of Michigan consumer sentiment index falls- USD/JPY slips and rebounds
The University of Michigan consumer sentiment and inflations expectations indexes have just been released. These are the preliminary May readings and...
-
Dow Jones turns lower in very early trading
As mentioned here much earlier today the Dow Jones was the best performing major US stock market index, when it closed higher on the day, at 42,322... -
US stock markets open modestly higher- check out the Nasdaq 100
The US stock markets have just this minute reopened for the final live trading session of the week and it has been a modestly higher start to the day...
