There was some initial US Dollar selling as the market felt relief that President Trump would hold back from any major announcements relating to trade tariffs. But all of that has since fallen apart after Trump went ahead and announced 25% tariffs on Canada and Mexico from February 1.

Any opinions, news, research, analyses, prices or other information ("information") contained on this Blog, constitutes marketing communication and it has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Further, the information contained within this Blog does not contain (and should not be construed as containing) investment advice or an investment recommendation, or an offer of, or solicitation for, a transaction in any financial instrument. LMAX Group has not verified the accuracy or basis-in-fact of any claim or statement made by any third parties as comments for every Blog entry. LMAX Group will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. No representation or warranty is given as to the accuracy or completeness of the above information. While the produced information was obtained from sources deemed to be reliable, LMAX Group does not provide any guarantees about the reliability of such sources. Consequently any person acting on it does so entirely at his or her own risk. It is not a place to slander, use unacceptable language or to promote LMAX Group or any other FX, Spread Betting and CFD provider and any such postings, excessive or unjust comments and attacks will not be allowed and will be removed from the site immediately. LMAX Group will clearly identify and mark any content it publishes or that is approved by LMAX Group. FX and CFDs are leveraged products that can result in losses exceeding your deposit. They are not suitable for everyone so please ensure you fully understand the risks involved. The information on this website is not directed at residents of the United States of America, Australia (we will only deal with Australian clients who are "wholesale clients" as defined under the Corporations Act 2001), Canada (although we may deal with Canadian residents who meet the "Permitted Client" criteria), Singapore or any other jurisdiction where FX trading and/or CFD trading is restricted or prohibited by local laws or regulations. LMAX Limited operates a multilateral trading facility. LMAX Limited is authorised and regulated by the Financial Conduct Authority (firm registration number 509778) and is a company registered in England and Wales (number 6505809). Our registered address is Yellow Building, 1A Nicholas Road, London, W11 4AN.

Recommended Content


Recommended Content

Editors’ Picks

Gold retreats after setting new record-high above $3,000

Gold retreats after setting new record-high above $3,000

Gold corrects lower and trades below $3,000 after setting a new record-high above this level earlier in the day. Rising US Treasury bond yields and the upbeat market mood seems to be limiting XAU/USD's upside for the time being.

Gold News
EUR/USD advances toward 1.0900 on renewed USD weakness

EUR/USD advances toward 1.0900 on renewed USD weakness

EUR/USD gains traction and rises toward 1.0900 in the European session on Friday. The improving risk mood makes it difficult for the US Dollar (USD) to find demand and helps the pair push higher. Markets await US consumer sentiment data for March.

EUR/USD News
GBP/USD rebounds from session lows, stays near 1.2950

GBP/USD rebounds from session lows, stays near 1.2950

GBP/USD recovers toward 1.2950 after falling below 1.2920 with the immediate reaction to the disappointing macroeconomic data releases from the UK in the early European session. The renewed USD weakness amid a positive shift seen in risk sentiment helps the pair hold its ground.

GBP/USD News
US SEC may declare XRP a 'commodity' as Ripple settlement talks begins

US SEC may declare XRP a 'commodity' as Ripple settlement talks begins

The US SEC is considering declaring XRP as a commodity in the ongoing settlement talks with Ripple Labs. FOX News reports suggest Ethereum's regulatory status remains a key reference for XRP’s litigation verdict.

Read more
Brexit revisited: Why closer UK-EU ties won’t lessen Britain’s squeezed public finances

Brexit revisited: Why closer UK-EU ties won’t lessen Britain’s squeezed public finances

The UK government desperately needs higher economic growth as it grapples with spending cuts and potential tax rises later this year. A reset of UK-EU economic ties would help, and sweeping changes are becoming more likely.

Read more
The Best brokers to trade EUR/USD

The Best brokers to trade EUR/USD

SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.

Read More

Majors

Cryptocurrencies

Signatures

Best Brokers of 2025