Gold prices steadied in early Asian trading on Tuesday, halting a sharp selloff triggered by the breakthrough U.S.-China tariff truce that boosted appetite for riskier assets. While the yellow metal found some footing, further upside remained capped by renewed dollar strength and cautious investor sentiment ahead of key U.S. inflation …
Read More »US Dollar Surges as US-China Trade Optimism Fuels Market Rally
The US Dollar kicked off the trading week with a robust rally on May 13, 2025, climbing close to a five-week peak as optimism from successful US-China trade talks over the weekend lifted global markets. The Dollar Index (DXY) surged to just shy of 102.00, driven by renewed confidence in …
Read More »Fed Official Flags Trade Uncertainty as a Drag on US Economy
The President of the Federal Reserve Bank of Chicago, Austan Goolsbee, expressed a cautious outlook on Monday, May 12, 2025, regarding the unpredictable trade policies emanating from the Trump administration, as detailed in his interview with the New York Times. Goolsbee highlighted how the frequent shifts in tariffs and trade …
Read More »Bitcoin Slumps Post US-China Trade Deal as Stocks Steal the Spotlight
Bitcoin experienced a notable downturn on May 12, 2025, slipping from a three-month peak of $105,720 to around $102,000, defying expectations after a US-China agreement eased trade tensions with a 90-day tariff suspension. This unexpected pullback has puzzled market observers, as the deal, which lowered import duties and hinted at …
Read More »Gold retreats 3% amid optimism after US – China trade agreement
Gold prices took a sharp hit at the start of the trading week on May 12, 2025, dropping to $3,207.82—a two-week low—as a US-China trade truce reignited market optimism and pressured safe-haven assets. The agreement, which rolls back tariffs for 90 days, saw the US reduce levies on Chinese imports …
Read More »Dow Jones Soars 1000 Points on US-China Tariff Cut Breakthrough
Wall Street kicked off the week with a dramatic surge, as the Dow Jones Industrial Average climbed approximately 1000 points on May 12, 2025, propelled by a US-China agreement to temporarily slash tariffs following two days of trade talks between Washington and Beijing. The index soared to 42,220 points, reflecting …
Read More »Brent Crude Soars Above $65 Amid US – China Trade Agreement
Brent Crude soared above $65 per barrel on May 12, 2025, climbing 2.37% to $65.40, fueled by a US-China 90-day tariff suspension that sparked a wave of risk-on sentiment across global markets. The temporary trade détente, easing tensions between the two economic giants, has bolstered expectations for stronger oil demand, …
Read More »EUR/USD Tumbles to 1.1100 as Dollar Soars on US-China Trade Breakthrough
The EUR/USD pair plummeted past 1.1100 on May 12, 2025, as the US Dollar surged following a landmark US-China agreement to slash tariffs by 115% for 90 days, a move unveiled after intense Geneva negotiations. This interim trade ceasefire, aimed at curbing soaring consumer inflation fears, propelled the US Dollar …
Read More »U.S. and China Agree to 90-Day Tariff Truce, Markets Rally on De-escalation Hopes
In a significant step toward easing trade tensions, the United States and China announced on Monday a 90-day pause on escalating tariffs, marking a rare moment of collaboration between the world’s two largest economies. The agreement includes mutual reductions in import duties, providing a temporary reprieve from a standoff that …
Read More »European Stocks Surge on U.S.-China Trade Optimism; UniCredit Hits Record Profit
European equity markets rallied on Monday, driven by renewed optimism over the state of global trade after weekend talks between the United States and China yielded signs of a potential breakthrough in their months-long tariff war. As of 03:02 ET (07:02 GMT), the DAX index in Germany jumped 1.8%, the …
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