Following a sharp two-day decline fueled by escalating trade tensions, the Dow Jones Industrial Average (DJIA) staged a recovery, gaining approximately 470 points on Wednesday. Investors remain cautiously optimistic, hoping for signs of de-escalation in the ongoing trade disputes. The market’s volatility reflects the delicate balance between the potential for …
Read More »Gold Price Surges Amid Trade War Fears and Weak US Data; XAU/USD Eyes Record Highs
The gold market is currently experiencing significant volatility, with XAU/USD trading near a weekly high of $2,929.08. This surge is primarily driven by a weakening US Dollar, which has been pressured by escalating trade war tensions and disappointing US economic data. President Trump’s recent tariff announcements, coupled with his downplaying …
Read More »ECB Policy Preview: Eurozone At Crossroads
The European Central Bank (ECB) is poised to announce its March policy rate decision, with a 25-basis-point cut widely expected, bringing the Deposit Facility Rate down to 2.5%. This move reflects the Eurozone’s relatively weaker economic performance compared to the United States, prompting a divergence in monetary policy. While the …
Read More »Dollar Plummets as US Economic Data Disappoints
The US Dollar (USD) is experiencing a significant downturn, extending its losses for a third consecutive day against major currencies. The US Dollar Index (DXY), which measures the USD’s performance against a basket of six currencies, fell to near 105.00, its lowest level since early November, marking a more than …
Read More »U.S. Service Sector Accelerates in February, Dollar Under Pressure
The U.S. service sector demonstrated robust growth in February, according to the latest report from the Institute for Supply Management (ISM). The ISM Services PMI climbed to 53.5, exceeding both January’s reading of 52.8 and analysts’ forecasts of 52.6. This indicates a notable acceleration in the sector’s expansion.Digging deeper into …
Read More »Gold Surges as US Economic Fears and Trade Tensions Ignite Safe-Haven Demand
Gold prices have experienced a significant surge, propelled by a confluence of factors including escalating trade tensions, mounting recessionary fears within the United States, and a weakening US Dollar. The XAU/USD pair climbed to $2,918, marking a notable increase as investors sought refuge in the precious metal. This surge is …
Read More »Market Drivers – US Session: Investors bracing for a busy Wednesday
The US Dollar’s sharp decline continued Tuesday, hitting its lowest point since early December as economic concerns mounted ahead of crucial US labor data. Investors are bracing for a busy Wednesday, March 5th:Dollar Weakness: The US Dollar Index (DXY) breached the 106.00 support level, plummeting to a three-month low. This …
Read More »Tariff Tremors: Dow Plummets 550 as Trade War Erupts
The Dow Jones Industrial Average (DJIA) suffered a significant blow on Tuesday, plunging 550 points to settle at 42,600, a stark reflection of escalating trade tensions. The day’s trading saw the index dip as low as 700 points, as investor sentiment plummeted in response to President Trump’s newly implemented tariffs. …
Read More »Trump Ignites Trade Firestorm: Reciprocal Tariffs on Canada Escalate Economic Tensions
US President Donald Trump has reignited trade tensions with Canada by imposing sweeping tariffs, marking a significant escalation in his administration’s trade policies. On March 4, 2025, the United States implemented a 25% tariff on all Canadian goods entering the country, with a slightly reduced rate of 10% applied to …
Read More »EUR/USD Ignites: 1.4% Surge Breaks 100-Day SMA, Bulls Target 1.0560!
EUR/USD experienced a significant surge following the European trading session, propelling the pair beyond the 1.0520 level as bullish momentum intensified. This upward trajectory was marked by a decisive break above the crucial 100-day Simple Moving Average (SMA), a technical milestone that solidified the bullish sentiment. The pair has now …
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