The GBP/USD pair has kicked off the trading week on a strong note, revisiting the 1.3200 level as the British pound extends its bullish run. Fueled by persistent weakness in the US dollar, the so-called “Cable” has notched its fifth consecutive daily advance, reaching multi-day highs near the 1.3200 mark. …
Read More »Oil Prices Surge to $61.40 as Trade War Fears Ease, but China Tensions Linger
Oil prices climbed to near $61.30 per barrel on the New York Mercantile Exchange (NYMEX) during Monday’s North American trading session, fueled by growing optimism that the global trade war may be less severe than feared. Investors are increasingly confident that trade disputes will remain largely confined to the United …
Read More »Bitcoin Steadies as Tariff Relief Offers Breather, But Trade War Fears Persist
Bitcoin held steady on Monday, stabilizing after a period of intense volatility, as investor sentiment improved slightly on the back of temporary U.S. tariff exemptions on electronics from China. However, ongoing trade war tensions, weak risk appetite, and recession fears kept gains in check across crypto markets. As of 02:13 …
Read More »U.S. Stock Futures Climb as Tariff Relief Lifts Tech, Goldman Earnings in Focus
U.S. stock index futures rose sharply on Monday, boosted by relief over the temporary exemption of electronics from President Donald Trump’s steep tariffs on Chinese imports. Investors also looked ahead to a busy week of corporate earnings and Federal Reserve commentary, with hopes that improving sentiment could sustain recent gains. …
Read More »Oil Prices Edge Higher on U.S. Tariff Exemptions, Strong China Imports — But Trade War Caps Gains
Oil prices ticked up slightly on Monday, lifted by a combination of U.S. tariff exemptions on electronic goods and a sharp rebound in China’s crude imports for March. However, concerns over an escalating U.S.-China trade war and its impact on global economic growth continued to limit gains. As of 08:22 …
Read More »European Stocks Rally on Tariff Relief Hopes, Eyes Turn to ECB Meeting
European equity markets opened the week with solid gains on Monday, buoyed by news that the White House will exempt electronics from its steep reciprocal tariffs, easing fears of an immediate hit to global tech supply chains. The move lifted risk sentiment, especially across tech-heavy sectors, although caution lingered over …
Read More »Gold Pulls Back From Record High as U.S. Signals Partial Tariff Relief, But Outlook Remains Bullish
Gold prices edged lower on Monday, retreating slightly from last week’s record highs as risk appetite improved following news that the U.S. may exclude electronic goods from its steep tariff hike on Chinese imports. However, ongoing trade war fears, a weak dollar, and dovish signals from the Federal Reserve kept …
Read More »Market weekly recap: Gold is the king
It was a very busy week in financial markets as US president Donald Trump continues escalation of his trade attacks on a large number of states, which ended in a 90-days pause of tariffs enforcement on all countries, excluding China which was targeted by the maximum duties with “immediate” enforcement. …
Read More »Trade War Tensions Rise: Global Markets Brace for Impact
The United States has ignited a fierce trade war with China, escalating tensions that could reshape the global economy. New tariffs, some exceeding 100% on Chinese goods, have sparked immediate retaliation from Beijing, which raised duties on American imports to 125%. This tit-for-tat exchange follows a bold U.S. strategy to …
Read More »Gold Soars to Record High as Trade War Escalates and Inflation Worries Grip Markets
Gold prices surged by over 2% on Friday, hitting a new all-time high of $3,245, as investors sought refuge in the precious metal amidst a rapidly escalating trade dispute between the United States and China, coupled with persistent inflation uncertainty. The flight to safety was further amplified by a significant …
Read More »