China COSCO Shipping Corporation Limited shares down 8% In response to Trump’s proposed fees on the use of China’s built commercial ships that transport traded goods, as well as mandates requiring a portion of US products to be moved on American vessels. This article was written by Eamonn Sheridan at www.forexlive.com. Source link
The Australian Dollar advanced as the Chinese government announced its annual policy statement for 2025 on Sunday. The AUD struggled as Trump instructed the Committee on Foreign Investment to limit Chinese investments in the US. The US Dollar struggles following the downbeat US economic data released last week. The Australian Dollar (AUD) retraces its recent losses
The total volume of overall retail sales in New Zealand was up a seasonally adjusted 0.9 percent on quarter in the fourth quarter of 2024, Statistics New Zealand said on Monday. That beat forecasts for an increase of 0.5 percent following the upwardly revised flat reading in the previous three months (originally -0.1 percent). The
EUR/USD edges higher to 1.0480 in Monday’s early Asian session, up 0.18% on the day. Germany’s conservatives won the election, AfD leaped to second place, exit polls showed. US February PMI data came in weaker than expected, weighing on the US Dollar. The EUR/USD pair attracts some buyers to near 1.0480 during the early Asian
🔹 Elon Musk Slams Government Standards Using AI-Generated Satire Elon Musk took to X (Twitter) to criticize government standards, using his AI tool Grok to generate a satirical response. He mocked the “low bar” of accountability, highlighting how minimal effort is considered sufficient in some government sectors. Musk’s frustration stems from what he sees as
An early-week note from ING on the German election outcome says there are “Complicated coalition negotiations ahead”. In summary, ING concludes that while coalition dynamics remain uncertain, fiscal policy will be shaped by trade-offs between tax relief, investment flexibility, and spending discipline. Markets will watch closely to see whether economic stagnation is tackled head-on—or whether
AI hype and data-center capex have been major market drivers in the past year but there is some angst lately about how much is being spent and whether there is a real business case for it all. That really kicked off with DeepSeek undercutting cost assumptions and now there is a TD note doing the
AMD Stock before NVDA’s quarterly earnings event this week: After the failed breakout After AMD’s attempt at breaking out from a potential bull flag on the daily chart failed, two key paths are under observation. It’s crucial to emphasize that this is not a forecast or a trading plan but rather an analytical perspective on
ECB Rate Decision: Inflation, Tariffs, and Market Sentiment Impact on EURJPY The European Central Bank (ECB) is scheduled to announce its interest rates and monetary policy statement on March 6th, 2025, followed by its standard press conference. The meeting occurs during a period of heightened market uncertainty due to trade wars and tariff implications. The
How DeepSeek is Changing the AI Game and Its Potential Impact on NVIDIA (NVDA) Earnings DeepSeek, a Chinese AI startup, has quickly gained attention in the AI world. While most discussions have been dominated by big names like OpenAI and Google, DeepSeek has emerged as a fresh competitor with an emphasis on efficiency and open-source
Geopolitical developments dominated global headlines last week, particularly surrounding peace negotiations over Russia’s invasion of Ukraine and evolving US-Ukraine relations. While US President Donald Trump’s tariffs took a backseat, concerns over their impact on consumer spending and economic growth resurfaced by the end of the week, triggering renewed risk aversion. Markets lacked clear direction for
