US-Canada trade talks collapse as 50% tariffs take effect, Carney vows retaliation
The breakdown reintroduces cross-border trade risk into North American markets just as investors had begun pricing in a de-escalation after weeks of negotiation. The Canadian dollar has come under renewed pressure, with commentary pointing to a slide toward the low 70s against the US dollar, though
Weekly Roundup: iFOREX Cuts Outlook After Income Plunge; Who’s Liable When AI Trades?
Artificial intelligence, changing regulation and shifting business models shaped this week's financial industry news. Brokers expanded their technology offerings, while regulators continued to examine the risks surrounding complex products and emerging forms of automated trading.Elsewhere, ownership
investingLive Americas FX news wrap 21 Aug: Trump folds on beef tariffs.
Nasdaq and S&P indices are settling between risk/bias defining MAs as the week comes to a closeBaker Hughes rig count -5 at 588European stocks rebound Friday, but weekly losses dominateBrazil's Lula and US Pres. Trump held phone call on Friday.Gold surges and breaks away from its 200 day MASNB Tschu
investingLive Americas FX news wrap 21 Aug: Trump folds on beef tariffs.
Nasdaq and S&P indices are settling between risk/bias defining MAs as the week comes to a closeBaker Hughes rig count -5 at 588European stocks rebound Friday, but weekly losses dominateBrazil's Lula and US Pres. Trump held phone call on Friday.Gold surges and breaks away from its 200 day MASNB Tschu
Commodities
NZD/USD, USD/JPY, and AUD/USD: top forex pairs to watch next week
Brazil's Lula and US Pres. Trump held phone call on Friday.
Brazilian President Luiz Inácio Lula da Silva and U.S. President Donald Trump held a phone call Friday, with trade and tariffs among the issues discussed.According to the Brazilian government:Lula and Trump held a phone call on Friday, discussing both the bilateral relationship and the broader globa
Trump: Gets rid of 26.4% tariffs on imported beef and prices will come down by 25%
President Trump is looking to solve another problem - the rising cost of beef prices. He is solving the problem by getting rid of a tariff. Trump in a TruthSocial post said: Beef prices have moved sharply higher mainly because the U.S. cattle herd has been shrinking for years, leaving fewer cattle
EU consumer confidence -15.5 versus -16.3 expected
Prior month -15.9Flash estimate for August -15.5 versus -16.3 estimateEvery month, the Directorate-GeneralEconomic and Financial Affairs (DG ECFIN) of the European Commission releases the flash CCI for the EU andeuro-area aggregates, using the data available on the cut-off date. The final Consumer S
S&P Global manufacturing PMI flash estimate for August 53.2 versus 53.9 estimate
Prior month 53.9Manufacturing PMI flash 53.2 versus 53.9 estimate.Services PMI 56.8 versus 54.0 estimate. Prior month 54.6.Composite 56.0 versus 54.5 prior. The manufacturing index was lower than expectations, but the services in the composite indices were higher. All 3 indices remain above the 50 l
Commodities
India’s forex reserves reach $716.9 billion, highest in six months
Canada Retail sales for June 0.6% vs 0.4% estimate
Prior was +1.0% revised to 1.1%The advanced July reading comes in at 0.8%Retail sales for June 0.6% vs 0.4% estimateEx Autos for June 0.5% vs 0.4% estimate. Prior 1.2%.In volume terms retail sales wer up 1.5% in JuneRetail sales were up 2.2% with volume sales up 0.4%Details: Core retail sales: +1.2
investingLive European markets wrap: Gold runs higher, dollar stays under pressure
Headlines:Gold stays poised to post third straight week of gainsUS Treasury move risks creating unintended consequences for markets and the economyWhy markets care more about the signal than the size of the Treasury buybackHow have interest rate expectations changed after this week's events?Stock ma
Field Notes from an A-Book Operations Floor: The Real Decisions Behind "Pure" Execution
If you ask any executive in the forex industry what they stand for, you will hear the same words. Everyone claims to be an honest forex broker. Everyone talks about transparency. But execution quality is not built on marketing phrases. It is built on the floor, decision by decision, week in and week
Why markets care more about the signal than the size of the Treasury buyback
The first thing any trader should learn is that markets move on expectations. It doesn't matter if they are right or wrong, prices will still move based on the prevailing context and expectations about the future. If something changes those expectations, markets will just reprice to reflect the new
UK August flash services PMI 52.8 vs 51.8 expected
Prior 52.1Manufacturing PMI 51.5 vs 51.5 expectedPrior 51.9Composite PMI 52.5 vs 51.6 expectedPrior 52.2Comment:Chris Williamson, Chief Business Economist at S&P Global Market Intelligence:“The UK economy picked up a bit more pace in August, adding to signs that we should see solid economic growth o
Euro area business activity sees further pick up in August despite France, Germany softness
August flash services PMI 51.7 vs 51.5 expectedPrior 51.7August flash manufacturing PMI 52.8 vs 51.8 expectedPrior 51.9August flash composite PMI 52.1 vs 51.7 expectedPrior 52.0After the misses from France and Germany, this is a bit of a surprise - especially the services sector estimate. The pace o
Germany August flash manufacturing PMI 54.1 vs 52.0 expected
Prior 52.2Services PMI 48.5 vs 50.1 expectedPrior 49.8Composite PMI 51.0 vs 51.3 expectedPrior 51.3Comment:Phil Smith, Economics Associate Director at S&P Global Market Intelligence: "The recovery in the manufacturing sector has regained momentum, after it showed signs of stalling in the second quar
French business activity contracts further in August as demand conditions remain subdued
August flash services PMI 48.4 vs 49.8 expectedPrior 49.6August flash manufacturing PMI 51.5 vs 50.0 expectedPrior 49.8August flash composite PMI 48.8 vs 49.5 expectedPrior 49.4The French private sector economy remains weak in August, with another contraction seen in overall business activity. This
French business confidence extends recovery into August
August business confidence 98 vs 98 expectedPrior 97The French business climate indicator picks up again in August, nudging back up to the highest since February. That being said, it's still keeping below the long-term average threshold of 100 - not having touched that since May 2024.The improvement