A dramatic escalation in the ongoing trade dispute between the US and Europe has ignited, with the US administration threatening to impose a crippling 200% tariff on European alcoholic beverages. This move comes as a direct response to the European Union’s (EU) retaliatory tariffs on American spirits, marking a rapid …

A significant downturn gripped the US stock market on Thursday, with the Dow Jones Industrial Average experiencing a sharp decline. This drop occurred despite promising inflation data, highlighting the market’s sensitivity to geopolitical factors and trade policy uncertainties.   The day’s financial landscape was marked by a surprising contradiction. While …

The cryptocurrency market is gripped by a palpable sense of unease, as Bitcoin and its brethren navigate a tumultuous sea of economic uncertainties. Fears of a significant Bitcoin crash, mirroring the volatility seen in traditional stock markets, have intensified, casting a long shadow over the entire digital asset landscape. The …

Recent economic data indicates a stabilization of wholesale prices, offering a temporary reassurance about inflationary pressures. The Producer Price Index (PPI), a key indicator of wholesale inflation, remained flat in February, showing a year-over-year increase of 3.2%. This figure fell slightly below economists’ expectations, suggesting a slowdown in price hikes …

Gold prices have ignited a spectacular rally, surging past previous records and brushing against the $3,000 threshold, a feat achieved despite the headwinds of a robust US dollar and elevated Treasury bond yields. In a display of raw bullish power, XAU/USD soared to an all-time high of $2,971 a troy …

Senate Democrats Weigh Blocking GOP Shutdown Bill, Facing Looming DeadlineWith a government shutdown looming less than 48 hours away, Senate Democrats are considering blocking a Republican-crafted funding bill, despite Republican efforts to place the blame for any potential shutdown squarely on Senate Majority Leader Chuck Schumer. The House passed the …

Today’s forex market is heavily focused on key economic data releases, with US and Australian inflation figures and jobs data taking center stage. The Asian session will make available key Australian inflation expectations awaited by market players.The US dollar experienced a slight recovery from recent multi-month lows, although persistent concerns …

Wall Street navigated a turbulent session, whipsawed by encouraging inflation data and escalating trade tensions. The Nasdaq 100 soared by a robust 1.43%, driven by the relentless strength of the Magnificent Seven and a powerful surge in chip stocks. This tech-fueled rally stood in stark contrast to the Dow Jones …

European Commission President Ursula von der Leyen announced on Wednesday the imposition of retaliatory tariffs on European imports from the United States, in escalation against the tariffs previously imposed by the Trump administration on all US imports of steel and aluminum at a rate of 25%.The European tariffs focus on …

During a public meeting with Ireland’s Prime Minister, Micheál Martin, United States President Donald Trump addressed a range of topics, including trade policies, international relations, and economic strategies. His remarks reflected his characteristic approach to addressing contentious issues, particularly in the realm of trade.President Trump criticized the European Union (EU) …