The U.S. dollar held firm on Tuesday as investors viewed President Donald Trump’s tariff threats primarily as a negotiating tactic rather than an immediate escalation of trade hostilities. This assessment followed Trump’s decision to suspend planned tariffs on Mexico and Canada, a move that provided temporary relief to markets. However, …
Read More »European Markets Decline as Trade War Concerns Weigh on Sentiment
European equities edged lower on Tuesday, pressured by declines in automobile and telecom stocks, as escalating trade tensions between the United States and China unsettled investors. The pan-European STOXX 600 index declined 0.3% in early trading, extending losses from Monday when the benchmark posted its largest single-day drop in over …
Read More »China Retaliates with Tariffs and Trade Restrictions as U.S. Duties Take Effect
China swiftly responded to new U.S. tariffs, escalating tensions between the world’s two largest economies, even as President Donald Trump temporarily spared Canada and Mexico. Key Developments: U.S. Tariffs Take Effect: A 10% tariff on all Chinese imports to the U.S. started at 12:01 a.m. ET Tuesday. Trump justified the …
Read More »Bitcoin and Cryptos Rebound as Tariff Delays Boost Market Sentiment
Bitcoin and other major cryptocurrencies rebounded on Tuesday as markets welcomed U.S. President Donald Trump’s decision to delay new tariffs on Canada and Mexico, easing liquidity concerns and encouraging dip buying. Crypto Market Movements Bitcoin (BTC): +5.6% to $99,327.5 Briefly surged past $100,000 on Monday evening after the tariff delay. …
Read More »Gold Prices Edge Higher Amid U.S.-China Trade War Fears
Gold prices rose slightly in Asian trade on Tuesday, staying near record highs as safe-haven demand remained strong due to renewed U.S.-China trade tensions. Market Movements Spot gold: Up to $2,815.35 per ounce, near record high of $2,831.70 Gold futures (March): Down 0.4% to $2,846.64 per ounce Platinum futures: Down …
Read More »Market Drivers; US Session
US Dollar Strength, Jobs Data, and Fed Speakers in Focus The US dollar (USD) began the week with renewed strength, driven by market reactions to recently implemented US tariffs on Canada, Mexico, and China. This week’s economic calendar features key US labor market data releases and public appearances by Federal …
Read More »Canadian Dollar’s Plunge As A Result of Trade War’s Toll
The Canadian dollar recently plummeted to a 21-year low against the US dollar, sparking concerns about the escalating trade tensions between the two nations. This dramatic decline followed the imposition of tariffs by the US on Canadian imports, which Canada promptly countered with its own export levies. While markets have …
Read More »Gold’s Ascent: Navigating Tariffs and Economic Indicators
Gold prices have surged to record highs, driven by a confluence of factors, most notably the implications of US tariffs on global trade. This surge reflects gold’s traditional safe-haven appeal amidst economic uncertainty. The precious metal is up +0.77% at the time of writing; trading at 2,818.82 per ounce and …
Read More »Trade Tensions and the Yen: Navigating Uncertainty
Recent trade tensions, exemplified by new tariffs imposed by the U.S., have injected volatility into global markets, impacting the USD/JPY exchange rate. While the dollar initially strengthened, it subsequently retreated as market participants assessed the potential ramifications of these protectionist policies. This analysis examines the interplay of these trade dynamics …
Read More »Walking the Line: Inflation, Growth, and the Fed
Central banks worldwide face the challenge of balancing inflation without causing a severe economic downturn. This requires navigating a complex landscape of interconnected factors, including supply chain disruptions and geopolitical instability. The inflation puzzle has multiple roots, with the war in Ukraine exacerbating the situation by sending energy and food …
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