Euro Along for the Ride as EUR/USD Trips from Resistance to Support
The Euro is a whopping 57.6% of the DXY basket so it's rare that there's another factor that could be more important than US.
Japanese Yen Short-term Outlook: USD/JPY Faces Largest Weekly Loss Since 2024– Key Support in Focus
USD/JPY has rolled over after marking an outside-day reversal on Monday with the bears approaching a technically significant floor after a third day of sustained selling pressure. The decline has carried price back toward a confluence support zone that previously served as a launch point last month.
US Treasury Secretary Bessent States US Is Monitoring Global Fund Transfers by Iran's Leadership
US Treasury Secretary Bessent announced that the US is actively tracking financial transactions conducted worldwide by Iran's leadership. This move aims to oversee and potentially restrict funds that could support activities contrary to US interests.
US Treasury Secretary Bessent: Trump Open to Dialogue on Iran
US Treasury Secretary Bessent states that President Trump maintains an open mind regarding Iran, signaling potential flexibility in US policy towards the country. This stance could influence future diplomatic and economic interactions involving Iran.
US Treasury Secretary Bessent Highlights Decline in Mortgage Rates and 10-Year Yields
US Treasury Secretary Bessent reports a decrease in mortgage rates and 10-year Treasury yields, indicating potential easing in borrowing costs. This development could influence investor sentiment and financial markets.
US Treasury Secretary Bessent Anticipates Rise in Manufacturing Jobs Soon
US Treasury Secretary Bessent projects an increase in manufacturing employment in the upcoming months, signaling potential economic strengthening. This outlook could influence market sentiment regarding the US economy.
Macron Warns of Symmetric Economic Shock Across Europe
French President Emmanuel Macron has stated that Europe is experiencing a 'symmetric shock' impacting all its economies simultaneously. This highlights widespread economic challenges facing the continent amid global uncertainties.
US Federal Budget Deficit Narrows to $94.6 Billion in January
The US federal budget deficit for January stood at $94.6 billion, matching estimates and improving from the previous deficit of $144.7 billion. This narrowing deficit reflects changes in government spending and revenue collection for the month.
Saudi Aramco Makes First Oil Export from $100 Billion Jafurah Project
Saudi Aramco has completed its first oil sale from the Jafurah unconventional gas development, marking a significant milestone for the $100 billion project. The Jafurah field, employing hydraulic fracturing, is expected to reach full gas capacity by 2030 and produce substantial liquid fuels to boost returns.
Bank of Canada Keeps Policy Options Open Amid Economic Uncertainty and Global Risks
The Bank of Canada minutes reveal members' consensus to maintain policy flexibility ahead of the January 28 rate decision, viewing current rates as stimulative amid uncertainties in growth and economic slack. The council highlighted global risks, including threats to Federal Reserve independence and trade pact reviews, as factors contributing to a turbulent economic environment.