Trading has been thinned out in Asia today with multiple market holidays:
Apart from what has already been posted there is no fresh news.
Its been an active session for news, with multiple comments from Trump on all sorts of topics. Of most relevance to traders have been:
- Trump said he won’t remove Powell before his term ends in May 2026
- Trump announces more tariffs – plans 100% tariff on all movies produced overseas
- Trump says he has no plans to speak with Xi this week
- Trump’s retreat on China tariffs ICYMI – lower tariffs “At some point”
Oil has taken a hit:
- Oil price futures gap lower to open the week’s trade – OPEC+ supply hike cited
- OPEC+ to accelerate oil output hikes, warns of ending voluntary cuts if compliance lags
This article was written by Eamonn Sheridan at www.forexlive.com.
