Consumer sentiment in the US took a nosedive in April, marking the steepest decline since the 1990 recession, driven by chaos from ongoing trade policies. A key index tracking Americans’ financial outlooks plummeted 32% since January, reflecting widespread unease.The consumer sentiment index dropped to 52.2 in April from 57 in …
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Gold prices edged lower in Asian trading on Friday, retreating from this week’s record highs as risk appetite improved following signals of potential deescalation in the U.S.-China trade conflict and upbeat earnings from major tech firms. However, the metal remained well-supported near its all-time peak amid lingering geopolitical and economic …
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The USD/JPY pair retreated toward the 143.00 zone on Thursday, erasing earlier gains as renewed US Dollar weakness took hold. Speculation about a Federal Reserve interest rate cut in June resurfaced, fueled by dovish comments from a Fed official who emphasized a data-driven approach and potential action if economic indicators …
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The Dow Jones Industrial Average (DJIA) surged 0.62%, inching closer to the 40,000 milestone, as investors embraced a wave of optimism driven by prospects of a Federal Reserve interest rate cut in June and signs of easing US-China trade tensions. The rally, which saw the Dow rebound from a daily …
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The escalating trade war between the United States and China shows no signs of abating, as President Donald Trump’s recent hints at a softer stance have failed to sway Beijing’s resolute preparations for a prolonged economic standoff. Despite Trump and Treasury Secretary Scott Bessent adopting a more conciliatory tone, China …
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The US Dollar reversed course, sliding downward after two days of robust gains, as optimism surrounding a potential US-China trade deal evaporated. Earlier market enthusiasm, sparked by upbeat remarks from US officials about ongoing trade talks, quickly faded. On Thursday, China firmly stated that no trade negotiations with the United …
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The Pound Sterling staged a robust recovery against the US Dollar on Thursday, climbing above 1.3300 with a 0.55% gain, as escalating US-China trade tensions rattled investor confidence in the Greenback. China’s demand for a complete rollback of tariffs met firm resistance from US officials, who dismissed unilateral concessions, deepening …
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Tariffs are dominating economic discussions, casting a shadow of uncertainty that has stalled many businesses. Federal Reserve Governor Christopher Waller recently underscored the difficulties companies face as they navigate these trade policies. The prevailing mood indicates firms are reluctant to act decisively, preferring to wait for clearer tariff outcomes. This …
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Gold prices jumped in Asian trading Thursday, rebounding from recent losses as safe-haven appetite strengthened amid renewed tensions between the U.S. and China and a deadly escalation in the Russia-Ukraine conflict. Spot Gold surged 1.3% to $3,331.34/oz Gold Futures (June delivery) climbed 1.4% to $3,341.25/oz by 01:37 ET (05:37 GMT) …
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The US Dollar Index (DXY) struggled to maintain momentum on Wednesday, hovering near 99.50 after relinquishing early gains from Asian trading. A combination of mixed economic data, uncertainty surrounding US trade policies, and a gloomy Federal Reserve Beige Book weighed on the Greenback. The DXY’s failure to sustain a push …
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