Yet more tariff headlines from Trump, this time suggesting that they will be delayed for Canada and Mexico until the 2nd of April, before a White House official said Trump's previous March 4th deadline remained. Tariff fatigue is on everyone's lips, and I am inclined to ignore any headlines and see what actually happens next Tuesday, where I can see another climb down as he defers to the April 1st report. Nvidia earnings overnight ‘apparently' disappointed markets, yet Q4 revenue and the outlook for Q1 beat estimates, yet wasn't enough for some as GM's for Q1 were weaker. For an earnings release that was highly anticipated, the reaction was fairly muted, but the fact that it wasn't a very bad release may have allayed some market fears.
Anyway, AUDUSD is lower after breaking the 0.6320/30 support zone, and I am glad that I have moved to the sidelines at this point, especially after Capex data came in weaker than forecast at -0.2%, although the previous release was revised up 0.5%. Nevertheless, JPM economists have revised down their Q4 GDP outlook one-tenth to 0.6%. Currently on the sidelines in both, while looking towards US Claims data to see if the recent company and DOGE layoffs plus weak employment intentions in the survey data are starting to bite (although it's probably a little early for that) and month-end MSCI rebalancing for inspiration.
Anyway, AUDUSD is lower after breaking the 0.6320/30 support zone, and I am glad that I have moved to the sidelines at this point, especially after Capex data came in weaker than forecast at -0.2%, although the previous release was revised up 0.5%. Nevertheless, JPM economists have revised down their Q4 GDP outlook one-tenth to 0.6%. Currently on the sidelines in both, while looking towards US Claims data to see if the recent company and DOGE layoffs plus weak employment intentions in the survey data are starting to bite (although it's probably a little early for that) and month-end MSCI rebalancing for inspiration.
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1. AccuTrade System:
tradingview.com/v/yDFPnb1J/
2. Signal Performance:
thedailyfx.com/performance/
3. We provide Free TradingView Premium and Essential Membership.
tradingview.com/v/yDFPnb1J/
2. Signal Performance:
thedailyfx.com/performance/
3. We provide Free TradingView Premium and Essential Membership.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.