The U.S. dollar lingered at its weakest level against the euro since September 2021 on Tuesday, driven by growing fiscal concerns surrounding President Donald Trump’s tax-and-spending bill and continued uncertainty over trade deals. Investors are increasingly betting on a more aggressive pace of monetary policy easing by the Federal Reserve …
Read More »Explainer: Trump’s Tax and Spending Bill: Features, Impacts, and Market Dynamics (June 2025)
Overview of the Legislative ProposalIn June 2025, President Donald Trump’s proposed tax and spending bill, dubbed the “One Big Beautiful Bill,” has emerged as a cornerstone of his second-term economic agenda. This ambitious legislation aims to permanently extend the 2017 Tax Cuts and Jobs Act (TCJA), which reduced corporate tax …
Read More »Key Events and Data to Watch This Week
As global markets head into a holiday-shortened trading week in the U.S., several key developments are set to shape investor sentiment. The focus will be on the ongoing debate in the Senate regarding President Donald Trump’s signature tax-and-spending bill, crucial job market data due on Thursday, and Tesla’s upcoming second-quarter …
Read More »Bitcoin Rises Amid Optimism Over U.S. Trade Deals and Rate Cuts; Altcoins Lag Behind
Bitcoin rose on Monday, alongside broader cryptocurrency markets, as risk appetite surged with optimism over potential U.S. trade deals and growing expectations of interest rate cuts by the Federal Reserve. The world’s largest cryptocurrency advanced by 1% to $108,358.7 by 01:10 ET (05:10 GMT), breaking out of the trading range …
Read More »Gold Prices Rebound Amid Weaker Dollar and Trade Optimism, Platinum Soars
Gold prices rebounded from a one-month low in Asian trade on Monday, buoyed by a weaker dollar and the easing of geopolitical tensions in the Middle East. While safe-haven demand for gold remained subdued due to optimism surrounding potential U.S. trade deals, the precious metal found some support. Spot Gold …
Read More »Weekly Market Wrap: US Dollar Faces Turbulence Amid Mixed Signals
The US dollar experienced significant volatility last week, caught in a tug-of-war between positive and negative market forces. Support from Federal Reserve policymakers, led by Chair Jerome Powell, emphasized a cautious “wait-and-see” approach to interest rate cuts, bolstering the dollar. This stance was reinforced by stronger-than-expected consumer confidence, with the …
Read More »Geneva framework: Will Trade Deals Dodge Looming Tariff Storm?
The U.S. dollar surged on news of advancing trade talks, particularly with China. U.S. Commerce Secretary Howard Lutnick announced that both nations are finalizing a Geneva framework, targeting rare earth minerals essential for tech, from iPhones to military drones. China’s Commerce Ministry confirmed it’s reviewing export controls to ease restrictions, …
Read More »PCE Price Index Set to Offer Key Clues on Fed’s Next Move
The upcoming release of the Personal Consumption Expenditures (PCE) Price Index data for May is expected to provide valuable insights into inflationary pressures and influence market expectations about the Federal Reserve’s interest rate policy. According to forecasts, the core PCE Price Index—considered the Fed’s preferred measure of inflation—will increase by …
Read More »ECB Confident in Meeting Inflation Target, Eyes Pause After Recent Rate Cuts
The European Central Bank (ECB) is on track to meet its 2% inflation target, according to Vice President Luis de Guindos, who expressed confidence in the ECB’s monetary policy approach. In a statement to Spanish broadcaster Antena 3 on Friday, de Guindos reaffirmed the ECB’s commitment to bringing inflation to …
Read More »European Stocks Gain on Easing Trade Tensions, Auto and Media Sectors Lead
European stocks rose on Friday, buoyed by signs of de-escalating trade tensions between the United States and China, boosting optimism for further trade deals before the deadline for the U.S. tariff pause in July. The pan-European STOXX 600 index advanced by 0.6%, reaching 540.67 points as of 07:07 GMT, positioning …
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