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US Dollar Price Action Setups: EUR/USD, USD/JPY, USD/CAD, Gold
The prior week’s USD weakness was largely erased over the past week as the DXY basket returned to a massive spot of long-term interest on the chart. The 97.94 Fibonacci level came into play back in April of last year and led to a bounce in the USD after a decisive sell-off had hit in the early part of 2025. Sellers were eventually able to get below that price but for the rest of the year they weren’t able to do much below it, with that level coming in as resistance and then support in December. Early-2026 trade brought another breakdown test but, again, sellers couldn’t do much below even with an open door ... (full story)
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From ritholtz.com|Feb 20, 2026The long-awaited Supreme Court decision on tariffs is finally out; it was a 7-2 decision in part, 6-3 decision more broadly (I thought this should have been 9-0 or 8-1, but…). As ...
From @MarketsCapApp|Feb 20, 2026|4 commentsJust in | US Treasury Secretary Bessent suggests alternative trade authorities could effectively substitute for tariffs. BESSENT IN PREPARED REMARKS: TREASURY'S ESTIMATES SHOW THAT USE OF SECTION 122 AUTHORITY, COMBINED WITH POTENTIALLY ENHANCED SECTION 232 AND SECTION 301 TARIFFS WILL RESULT IN VIRTUALLY UNCHANGED TARIFF REVENUE IN 2026 ... US TREASURY SECRETARY BESSENT: TOTAL 2026 REVENUE WILL BE LITTLE CHANGED, IF AT ALL.
From @DeItaone|Feb 20, 2026|4 commentsTRUMP SAYS SOME TRADE DEALS NEGOTIATED UNDER IEEPA DON'T STAND Trump: Nothing changes on the India trade deal. TRUMP: POTENTIALLY HIGHER TARIFFS. THEY CAN BE WHATEVER WE WANT THEM TO BE. TARIFF RATES WILL BE VERY REASONABLE FOR NATIONS. ...
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From @MarketsCapApp|Feb 20, 2026|6 commentsJust in | Fed's Musalem: New Trump Tariffs Won't Impact Economic Outlook if They Follow One-for-One Structure FED'S MUSALEM: I DON'T SEE PRODUCTIVITY GROWTH IN THE MACRO DATA YET. ... Fed's Musalem: I am focused on PCE inflation, rather than CPI. Fed's Musalem: The real Fed funds rate is at or below the neutral rate. FED'S MUSALEM: SAYS COMPANIES ARE FACING COST PRESSURES AND HOUSEHOLDS REMAIN CHALLENGED BY INFLATION; ADDS THAT A NEUTRAL REAL RATE IS APPROPRIATE, THE REAL FED FUNDS RATE IS AT OR BELOW NEUTRAL, AND POLICY IS WELL POSITIONED.
From realeconomy.rsmus.com|Feb 20, 2026The Supreme Court overturned the Trump administration’s signature economic policy on Friday, ruling by a 6-3 majority that the imposition of tariffs under the International ...
From finance.yahoo.com|Feb 20, 2026Gold (GC=F) topped $5,000 on Friday after the Supreme Court struck down President Trump's most sweeping tariffs and Wall Street highlighted its bullish call on the precious metal. ...
