The U.S. dollar edged lower on Thursday, while the euro remained near a three-week low, as markets reacted to the Trump administration’s new 25% tariffs on imported automobiles. Investors are weighing the potential economic impact of a global trade war and the upcoming U.S. GDP report. Dollar Index Dips After …
Read More »European Stocks Fall as Auto Tariffs Weigh on Markets
European stock markets declined on Thursday, reacting to U.S. President Donald Trump’s new 25% tariffs on all imported automobiles and auto parts. Investors remain cautious ahead of Trump’s expected announcement of broader trade levies on April 2. Market Performance (As of 08:05 GMT) Germany’s DAX: -1.5% France’s CAC 40: -1.0% …
Read More »Gold Prices Climb Amid Tariff Uncertainty
Gold prices rose in Asian trading on Thursday, driven by renewed safe-haven demand after U.S. President Donald Trump imposed a 25% tariff on all automobile imports, escalating global trade tensions. Goldman Sachs also raised its 2025 gold price forecast, citing strong central bank demand and increased inflows into exchange-traded funds …
Read More »Why Is the Crypto Market Crashing? Unpacking the Forces Behind the Downturn
The cryptocurrency market has been on a wild ride recently, with prices of major digital assets taking a steep dive. This rollercoaster has left many investors—especially newcomers—scratching their heads and asking one pressing question: Why is crypto down? From emotional rollercoasters to macroeconomic pressures, the reasons behind these declines are …
Read More »Market Drivers – US Session: U.S. Data and European Insights Set to Captivate Investors
The U.S. dollar kicked off Wednesday with a renewed upward climb, shrugging off lingering worries about tariffs and easing geopolitical jitters. Investors, however, remain laser-focused on the pulse of the American economy, eagerly awaiting fresh inflation figures that could sway markets further. As Thursday, March 27 rolls in, a packed …
Read More »Gold’s Meteoric Rise in 2025: Time to Cash In or Hold Tight?
In 2025, gold has taken the financial world by storm, skyrocketing over 16% since January and smashing through the $3,000-per-ounce barrier—a milestone that has arrived well ahead of predictions. This dazzling rally has investors and buyers alike wrestling with a pressing question: should you seize the moment to lock in …
Read More »USD Gains Ground: Durable Goods Data Fuels Optimism
The US Dollar is showing signs of strength, hovering around the 104.30 mark in Wednesday’s trading session, buoyed by a robust economic report and supportive comments from central bank officials. A surprisingly strong showing in February’s Durable Goods Orders, alongside upward revisions to prior figures, has given the currency a …
Read More »Sterling Slides as Inflation Data Fuels Rate Cut Speculation
The British pound has been on a downward trajectory since the start of Wednesday’s morning trading session, weighed down by weaker-than-expected inflation data from the United Kingdom. The latest figures have cast a spotlight on consumer price trends, intensifying speculation that the Bank of England might opt for an interest …
Read More »Economic Data Signals Waning Confidence in Major Economies
Critical economic data releases illuminated the performance of key sectors in major global economies, driving market movements throughout the trading day. A recurring theme of declining confidence among consumers and businesses emerged, evident in both the U.S. and Europe.U.S. Economic Indicators FalterIn the U.S., the Conference Board’s Consumer Confidence Index …
Read More »EUR/USD Consolidates Near 1.0800 Amidst Mixed Technical Signals
The EUR/USD pair experienced a period of mild losses on Wednesday, ultimately settling near the 1.0800 level after the European trading session closed. Despite this intraday softness, the pair remains entrenched within a broader bullish trend, characterized by its sustained position above key upward-sloping moving averages. This alignment suggests underlying …
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