Bitcoin (BTC) is hovering just below $85,000, caught in a holding pattern as tensions escalate between U.S. President Donald Trump and Federal Reserve Chair Jerome Powell. The cryptocurrency market, already rattled by global trade uncertainties, faces fresh volatility following Trump’s reported discussions about ousting Powell, raising concerns over central bank …
Read More »ECB Rate Cuts: A Shield Against US Tariff Storm?
The European Central Bank (ECB) has slashed interest rates for the seventh time in a year, bringing borrowing costs to their lowest since late 2022. This latest move, a unanimous 25-basis-point cut to 2.25% on April 17, 2025, marks the culmination of a series of reductions that began in June …
Read More »S&P 500 Q1 2025 Earnings: Banks Shine, Tech Faces Tariff Turbulence
The first-quarter earnings season for 2025 kicked off the week of April 14 with a burst of activity, as over 30 S&P 500 companies unveiled their financial results. Major banks and healthcare giants led the charge, delivering a mix of robust performances and cautious outlooks against a backdrop of economic …
Read More »USD/JPY Struggles Below Key Levels As Dollar Falters Amid Trade Tensions
The U.S. Dollar is facing mounting pressure as trade tensions and declining Treasury yields weigh heavily on its outlook, with the USD/JPY currency pair hovering cautiously around the 143 mark. During Wednesday’s North American trading session, the pair showed a slight upward bias but struggled to gain traction, reflecting broader …
Read More »Market Drivers – US Session: Global Markets Wobble as Dollar Dips and Tariffs Fuel Safe-Haven Rush
The U.S. dollar faced renewed pressure on Wednesday, sliding to multi-month lows as persistent trade tensions and cautious remarks from the Federal Reserve chief in Chicago kept investors on edge. The dollar’s decline, mirrored by a drop in U.S. Treasury yields, set the tone for a volatile day in global …
Read More »BoC Pauses Rate Cuts Amid Economic Uncertainty
In a significant shift from traditional economic forecasts, the Bank of Canada has outlined two potential scenarios for the nation’s economy, reflecting the uncertainty gripping global markets as of April 16, 2025. The first scenario envisions a deep recession, driven by external pressures, while the second foresees a sharp spike …
Read More »Stocks Plummet as Fed Chair Jerome Powell Signals Caution on Rates
U.S. stock markets took a sharp dive on Wednesday, rattled by cautious remarks from Federal Reserve Chair Jerome Powell, who emphasized the need for greater clarity before making any changes to the central bank’s monetary policy. Speaking at the Economic Club of Chicago, Powell signaled that the Federal Reserve would …
Read More »Fed Chair Jerome Powell Sounds Alarm on Tariffs’ Economic Fallout
The U.S. economy is entering a period of unprecedented uncertainty, driven by a sweeping array of new tariffs introduced by the current administration, according to Federal Reserve Chair Jerome Powell. Speaking at a high-profile economic forum in Chicago, Powell described these trade policies as a historic shift, unparalleled in modern …
Read More »Away from US Cards, EU Seeks Freedom with New Payment System
Recent social media buzz has sparked claims that the European Union is set to ban American credit cards and payment platforms like Visa, Mastercard, and PayPal. However, these assertions misrepresent the EU’s actual plans. Far from outlawing these services, the European Central Bank is pushing for the creation of a …
Read More »Gold Soars to Record Highs Amid Global Uncertainty
Gold prices have shattered records, surging to an unprecedented $3,330 per ounce, driven by a potent mix of economic and geopolitical factors. Investors are flocking to the safe-haven metal as fears of persistent inflation, escalating tensions in key global regions, and uncertainty surrounding monetary policies grip markets. The relentless climb …
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