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 …
Read More »Wall Street Brief: Trade Tensions and Inflation Data Shake Investor Confidence
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 …
Read More »Crypto Market Trembles: Is a Major Bitcoin Crash Imminent?
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 …
Read More »Inflation Pause: PPI Holds Steady in February
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 …
Read More »Gold Shatters Records, Defying Dollar and Yields
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 …
Read More »Forex Report: Euro and Pound Hold Near Multi-Month Highs as Dollar Remains Under Pressure
The euro and the British pound remained near their multi-month highs against the U.S. dollar on Thursday, as concerns over slowing U.S. economic growth and escalating trade tensions weighed on the greenback. The euro was last seen at $1.0880, slightly lower but still near its five-month high earlier in the …
Read More »CPI Data Boosts Tech, Tariff Threats Tumble Dow: Wall Street’s Wild Ride
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 …
Read More »President Trump Asserts His Authority on Tariff Amid Current Trade Tensions
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) …
Read More »Dollar Holds Steady Despite Softer Inflation, Geopolitical Tensions Loom
The US Dollar remained surprisingly stable on Wednesday, defying expectations of a significant drop following the release of February’s Consumer Price Index (CPI). While the data revealed a slower pace of inflation than anticipated, traders appeared to largely shrug off the news, maintaining the dollar’s position in the mid-103.00 range …
Read More »BoC Governor Macklem Highlights Neutral Rate Estimate Amid Trade Policy Uncertainty
On March 12, 2025, the Bank of Canada (BoC) Governor, Tiff Macklem, addressed the central bank’s policy direction during a press conference following the decision to lower its policy rate by 25 basis points, bringing it to 2.75%. Governor Macklem also responded to questions from the media, elaborating on the …
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