European Commission President Ursula von der Leyen responded to US President Donald Trump’s ‘reciprocal tariffs’ on Thursday, noting that “US tariffs are a major blow to the world economy.” Additional quotes “The consequences will be dire for millions of people around the world.” “All businesses will suffer.” “There seems to be no order in the disorder.” “Agrees with Trump…
The Canadian economy has been seeing green shoots these days, convincing its central bank to tone down its dovish bias. But will the upcoming jobs report change their stance? Or are we about to see more signs of strength? Here are the points you need to know when trading the March employment report. This Article Is For…
The latest wave of tariff announcements by Trump is likely to put short-term pressure on risk assets, including equities in both the U.S. and Asia, according to Tai Hui, Chief Market Strategist for Asia Pacific at J.P. Morgan Asset Management. Hui notes that investor concerns are shifting from inflation to the risk of an economic slowdown, prompting a rotation…
Australia’s trade surplus decreased to 2,968M MoM in February versus 5,600M expected and 5,156M (revised from 5,620M) in the previous reading, according to the latest foreign trade data published by the Australian Bureau of Statistics on Thursday. Further details reveal that Australia’s Exports fell by 3.6% MoM in February from 0.8% (revised from 1.3%) seen a month earlier. Meanwhile, Imports rose by 1.6% MoM in February,…
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you…
EUR/USD briefly tapped the 1.0900 level on Tuesday before falling back to familiar levels. Markets broadly handled tariff announcements from the Trump administration with little noise on Wednesday. Economic data takes a back seat to Trump tariff stress, but NFP still looms ahead. On Wednesday, the EUR/USD pair saw a bullish surge after the Trump administration announced tariffs that…
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you…
The Dow Jones rose on Tuesday, climbing 250 points as markets digest tariffs. The Trump administration laid out widespread “reciprocal” tariffs. Tariff package includes 25% tariffs on automobiles and car parts. The Dow Jones Industrial Average (DJIA) took a step higher in early Tuesday trading, climbing 350 points and adding 0.85% from the day’s opening bids as investors lean…
more to come Finally getting some substance from Trump after a long and winding introduction: 34% on imports from China 34% on imports from Taiwan 25% on all imports from South Korea, 26% from India, 20% from EU This article was written by Eamonn Sheridan at www.forexlive.com.
The Greenback traded on the back foot on Wednesday, receding markedly against the backdrop of increasing prudence ahead of President Trump’s announcements on reciprocal tariffs. Here is what you need to know on Thursday, April 3: The US Dollar Index (DXY) broke below the 104.00 region amid a pronounced pullback and a marginal bounce in US yields across the…
