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BoC outlook survey highlights deteriorating trade expectations on tariff fears
BoC outlook survey highlights deteriorating trade expectations on tariff fears
The Bank of Canada's (BoC) Business Outlook Survey for the first quarter has shown that overlook economic activity expectations are contracting sharply as the United States (US) seeks to spark a global trade war across the board.
BOC
TradeWar
Politics
Mexican Peso weakens as trade war jitters boost US Dollar
Mexican Peso weakens as trade war jitters boost US Dollar
The Mexican Peso (MXN) plunges against the US Dollar (USD), extending its losses for the second consecutive day as risk appetite deteriorates, with traders moving into the safe-haven status of the Greenback.
Technical Analysis
SEO
USDMXN
Banxico
Fundamental Analysis
EU proposes response to US steel tariffs
EU proposes response to US steel tariffs
Proposals from the European Commission
Dow Jones Industrial Average whipsaws on fresh tariff ramp-up
Dow Jones Industrial Average whipsaws on fresh tariff ramp-up
The Dow Jones Industrial Average (DJIA) whipsawed sharply on Monday, kicking off the new trading week with a tumultuous opening volley.
DowJones
TradeWar
Equities
SEO
Larry Fink warns about inflation impacts of tariffs
Larry Fink warns about inflation impacts of tariffs
Comments from Blackrock CEO Larry Fink
Politics
EUR/USD Price Analysis: Euro eases slightly near 1.0900 but maintains bullish bias
EUR/USD Price Analysis: Euro eases slightly near 1.0900 but maintains bullish bias
The EUR/USD pair edged lower on Monday, slipping toward the 1.0900 zone after earlier testing the upper boundary of its daily range near 1.1050. Despite the intraday pullback, the pair holds onto a bullish structure supported by higher moving averages.
Technical Analysis
Currencies
EURUSD
Majors
Bullish
US President Trump vows additional 50% tariff on China as retaliation cycle escalates
US President Trump vows additional 50% tariff on China as retaliation cycle escalates
United States (US) President Donald Trump continued his trend of issuing decrees via social media on Monday, lashing out over China's tit-for-tat tariff retaliation last week.
China
TradeWar
UnitedStates
Politics
GBP/USD crashes over 100 pips below 1.28 as trade war escalates
GBP/USD crashes over 100 pips below 1.28 as trade war escalates
The Pound Sterling (GBP) plunges over 100 pips or 0.90% against the Greenback at the beginning of the week, driven by recession fears and hopes cut short that the White House could reconsider their position in trade policies over the weekend.
Technical Analysis
Majors
GBPUSD
Fundamental Analysis
Silver Price Forecast: XAG/USD recovers strongly above $30 as Fed dovish bets swell
Silver Price Forecast: XAG/USD recovers strongly above $30 as Fed dovish bets swell
Silver price (XAG/USD) is up almost 2.4% near $30.30 during North American trading hours on Monday.
Silver
XAGUSD
Fed
Metals
TradeWar
White House: The report on a 90-day tariff pause is 'fake news'
White House: The report on a 90-day tariff pause is 'fake news'
CNBC cites the White House press secretary
Politics
White House: Not aware of Trump considering a 90-day pause in tariffs
White House: Not aware of Trump considering a 90-day pause in tariffs
Several news outlets, including Reuters, reported on Monday that Kevin Hassett, Director of the National Economic Council (NEC), told CNBC that US President Donald Trump is considering a 90-day pause in tariffs for all countries except China.
TradeWar
UnitedStates
Hassett: Trump is mulling a 90 pause on tariffs aside from China
Hassett: Trump is mulling a 90 pause on tariffs aside from China
Comment from the White House economic advisor
Politics
US stock markets get an oversold bounce
US stock markets get an oversold bounce
Some buying into margin calls
Stocks
US March employment trends 109.03 vs 108.56 prior
US March employment trends 109.03 vs 108.56 prior
Employment trends data from the Conference Board
USD/CAD trades higher around 1.4260 as Canadian Dollar underperforms
USD/CAD trades higher around 1.4260 as Canadian Dollar underperforms
The USD/CAD pair rises to near 1.4260 during North American trading hours on Monday. The Loonie pair gains as the Canadian Dollar (CAD) faces selling pressure amid growing expectations that the Bank of Canada (BoC) could continue reducing interest rates this year.
USDCAD
BOC
Employment
TradeWar
DollarIndex
EU Trade Commissioner Sefcovic: Offered zero-for-zero tariffs to US for cars and all industrial goods
EU Trade Commissioner Sefcovic: Offered zero-for-zero tariffs to US for cars and all industrial goods
European Union trade commissioner Maros Sefcovic said on Monday that a range of tariffs is hitting 380 billion Euros worth of EU exports of the US. "Some 70% of our total exports are facing tariffs," he added.
Eurozone
UnitedStates
Politics
Rough open for stocks as S&P 500 falls 3.4% to enter a technical bear market
Rough open for stocks as S&P 500 falls 3.4% to enter a technical bear market
The index is now down more than 20% from its February closing high
GBP edges slightly lower – Scotiabank
GBP edges slightly lower – Scotiabank
Pound Sterling (GBP) is soft, down a modest 0.2% vs. the USD and a mid-performer among the G10 currencies.
Technical Analysis
Banks
GBPUSD
EUR gains modestly in tight range – Scotiabank
EUR gains modestly in tight range – Scotiabank
Euro (EUR) is quietly consolidating within a relatively tight range around the mid-1.09s and strengthening modestly vs. the USD, outpacing all the G10 currencies apart from the havens JPY and CHF.
Technical Analysis
EURUSD
Banks
Japan PM Ishiba: Will continue to push US to review tariff policies
Japan PM Ishiba: Will continue to push US to review tariff policies
Japanese Prime Minister (PM) Shigeru Ishiba said on Monday that the told United States (US) President Donald Trump in a video meeting that Japan has made the biggest investment in the US for five straight years, per Reuters.
Japan
UnitedStates
Politics
TradeWar
CAD holds range ahead of BoC Business Outlook Survey – Scotiabank
CAD holds range ahead of BoC Business Outlook Survey – Scotiabank
The Canadian Dollar (CAD) is remarkably stable considering the carnage playing out in stocks. Spot has held a tight range close to Friday’s closing level throughout Asian and European trade.
Technical Analysis
BOC
USDCAD
Banks
USD mixed amid ongoing stock market weakness – Scotiabank
USD mixed amid ongoing stock market weakness – Scotiabank
Stocks screens are a sea of red as investors register deepening concerns over the impact of US tariffs on the global economy. Are countries rushing to offer the US concessions on trade? So far, it seems only Vietnam and Cambodia have started talks to lift levies.
Technical Analysis
Banks
DollarIndex
WH Trade Adviser Navarro: Any talk of recession seems silly given expected tax cuts
WH Trade Adviser Navarro: Any talk of recession seems silly given expected tax cuts
White House Trade Adviser Peter Navarro told CNBC on Monday that countries seeking a tariff relief need to lower non-tariff barriers, per Reuters.
TradeWar
UnitedStates
Politics
Trump: Don’t be weak
Trump: Don’t be weak
The latest post on Truth Social
Politics
EC President von der Leyen: We are ready to negotiate with US on tariffs
EC President von der Leyen: We are ready to negotiate with US on tariffs
European Commission President Ursula von der Leyen said on Monday that they are ready to negotiate with the United States on tariffs, per Reuters.
TradeWar
Eurozone
UnitedStates
Politics
Beware of claims of an emergency Fed meeting
Beware of claims of an emergency Fed meeting
It's making the rounds on X that the Fed is holding an emergency meeting to potentially discuss a rate cut. Unfortunately, it's just a regular meeting.
market overview
WH Economic Adviser Hasset: Trump will listen to trading partners if they offer really great deals
WH Economic Adviser Hasset: Trump will listen to trading partners if they offer really great deals
In an interview with Fox News on Monday, Kevin Hassett, Director of the US National Economic Council (NEC), said that US President Donald Trump is doubling down on something he knows works and added that Trump will listen to trading partners if they offer "really great deals," per Reuters.
UnitedStates
Politics
Peter Navarro set to speak on CNBC
Peter Navarro set to speak on CNBC
He is scheduled to speak at 8:40 am ET
Politics