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Asia FX treads water as Trump tariff concerns linger; Australia CPI in focus
FinanceForex

Asia FX treads water as Trump tariff concerns linger; Australia CPI in focus

Vistry suffers drop in FY profits In the corporate sector, British home construction company Vistry Group (LON:VTYV) reported a sharp drop in its full-year profits. Wacker Neuson (ETR:WACGn) reported a sharp fall in 2024 revenue, as weak demand in the construction and agricultural sectors, combined with high dealer inventories, weighed on the German manufacturer of construction equipment’s performance. Crude prices at three-week high Oil prices climbed higher Wednesday, continuing to rise on supply concerns as well as a bigger-than-expected drop in U.S. crude inventories. At 04:02 ET, Brent crude futures rose 0.2% to $72.54 a barrel, and U.S. West Texas Intermediate crude climbed 0.2% to $69.16 a barrel. Both benchmarks hit their highest in three weeks in the previous session, boosted by renewed efforts from the U.S. to limit Venezuelan and Iranian oil exports. Also helping the tone was the news from the American Petroleum Institute that showed U.S. crude inventories fell by 4.6 million barrels last week, a bigger drop than expected. Official U.S. government data on crude inventories, from the Energy Information Administration, are due later in the session, and if the API report is concerned it could signal a healthy demand for fuel in the world’s largest economy.
FinanceStocks

European stocks edge higher; U.K. Spring Statement due

Brokers

Announcing the Launch of the Forex Broker Awards 2025

STILL OFF TRACK Trump began his address in an expansive and celebratory mode, suggesting that he has turned voter attitudes around since taking office on January 20. But he still may have real work to do to win over skeptical viewers at home. “For the first time in modern history, more Americans believe that our country is headed in the right direction than the wrong direction — an astonishing record 27-point swing, the most ever,” Trump said. Trump may have his own polls he can point to, but Reuters/Ipsos polling does not support the president’s boast. In fact, the most recent poll, taken over the two days ahead of the speech, had 49% of Americans saying the country was on the wrong track compared to just 34% of those who said it was on the right one. With Trump levying steep tariffs on goods from Canada and Mexico and inflation still not tamed, the president is getting low marks on economic concerns, with only 1 in 3 Americans approving of his handling of cost of living issues, the poll found. Only 36% approved of his handling of international trade. Overall, Trump’s approval rating is holding steady at 44%. That’s only slightly higher than former President Joe Biden’s peak during the second half of his term in office. That didn’t stop Trump from calling Biden the "worst president in American history." If Trump believes that, then, according to polls, he isn’t faring all that much better.
Geopolitics

Takeaways from Trump’s address to Congress

WASHINGTON (Reuters) -Just one in three Americans approve of President Donald Trump’s handling of the cost of living in the U.S., a sign of unease as he enacts steep tariffs on imports that are stoking inflation worries, a Reuters/Ipsos survey that concluded on Tuesday found. The two-day poll, carried out just before the Republican president was due to address a joint session of Congress, showed Trump’s approval ratings below 40% on a range of issues - including the economy, foreign policy and corruption - with the notable exception being his 49% rating on immigration policy. To be sure, the share of Americans who give him a thumbs up overall - steady at 44% - remains higher than the ratings achieved by his predecessor, Democrat Joe Biden, during the second half of his 2021-2025 administration. The poll showed that 31% of Americans approve of Trump’s handling of the cost of living, a marginal three percentage point decline from 34% in a poll conducted February 21-23. Fifty-four percent disapprove. Trump has moved quickly to overhaul America’s relationships with the rest of the world, with steep 25% tariffs taking effect on Tuesday for Mexican and Canadian imports, as well as 20% tariffs on Chinese goods. Economists say the tariffs will fuel inflation. Trump’s victory in the 2024 presidential election owed in part to widespread dissatisfaction at several years of high inflation under Biden. Only 31% of people polled agreed with a statement that tariffs would be a good idea even if prices increase.
Uncategorized

Trump gets poor marks on how he is handling the cost of living, Reuters/Ipsos poll finds

Democratic lawmaker removed from Trump speech to Congress
Geopolitics

Democratic lawmaker removed from Trump speech to Congress

Democrats disrupt Trump’s Congress speech as Texas lawmaker ejected
Geopolitics

Democrats disrupt Trump’s Congress speech as Texas lawmaker ejected

Dollar retreats on growth concerns; euro gains on increased defence spending
FinanceForex

Dollar retreats on growth concerns; euro gains on increased defence spending

Risk/reward still favors long dollar positions - Citi
FinanceForex

Risk/reward still favors long dollar positions – Citi

Euro hits 2025 high vs. U.S. dollar amid European defense spending boost
FinanceForex

Euro hits 2025 high vs. U.S. dollar amid European defense spending boost

Bottom is in for EUR/USD, Macquarie says
FinanceForex

Bottom is in for EUR/USD, Macquarie says

US stock futures climb on hopes for tariff negotiations
FinanceStocks

US stock futures climb on hopes for tariff negotiations