EUR/USD soars above 1.1100 as the US Dollar has been hit hard by Trump’s reciprocal tariffs announcement. US President Trump has announced 20% reciprocal levies on the Eurozone. EC von der Leyen vows to retaliate if negotiations with Washington fail. EUR/USD climbs to its highest level since October around 1.1145 in Thursday’s European session and […]
The eurozone’s private sector economy grew slightly in March, marking the third month in a row of increased business activity and ending the first quarter of 2025 on a positive note. While this was the strongest growth since August 2024, it was still modest and below the survey’s long-term average. Despite a drop in new
2025.04.03 2025.04.03 Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 03.04.2025 Roman Oneginhttps://www.litefinance.org/blog/authors/roman-onegin/ Dear readers, I’ve prepared a short-term forecast for Bitcoin, Ripple, and Ethereum based on the Elliott wave analysis. The article covers the following subjects: Major Takeaways BTCUSD: The price is expected to decline to the previous low. Consider short positions from the current
The USD/JPY outlook remains strongly bearish after Trump’s tariffs. BoJ and Fed divergence, along with falling US yields, lend more support to the yen. Tariffs pose a threat to Japan’s export-driven economy as well, igniting further uncertainty. The USD/JPY outlook is predominantly bearish as the yen capitalizes on safe-haven appeal due to President Trump’s sweeping
USD/CNY daily chart When Trump was set to win the presidential election last October, this is one chart that clearly shows how China chose to respond. The fear was an escalation in trade conflict as he takes office. And when that didn’t turn out too bad in January, the Chinese yuan managed to find some
Reactions in the US markets to the long-anticipated reciprocal tariff announcement were decisively negative. NASDAQ futures tumbled more than -3%, while DOW futures shed as much as -2% at one point. US 10-year yields plunged below the 4.1% mark, highlighting a strong wave of safe haven flows. The reactions confirm what traders feared most—not just
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
Dealers bullish on Bloomberg chat interface for FX markets – FX Markets End of drawer navigation content Skip to main content Service expanded its API offering to integrate broker chats into banks’ engines for cash FX pricing late last year Bank trading desks are optimistic that initiatives by Bloomberg to open its chat application programming
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
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
more to come Yen crosses much lower (higher yen) Gold, too, making gains: This article was written by Eamonn Sheridan at www.forexlive.com. Source link
The services sector in Australia continued to expand in March, and at a faster rate, the latest survey from S&P Global revealed on Thursday with a services PMI score of 51.6. That’s up from 50.8 in February, and it moves further above the boom-or-bust line of 50 that separates expansion from contraction. The acceleration of
Crude oil futures settled $71.71. That’s up $0.51 or 0.72%. The gains came despite a surprise jump in U.S. crude inventories, which rose by 6.2 million barrels last week according to the EIA, compared to analyst expectations of a 2.1 million barrel drawdown. The market’s focus appears to be shifting toward geopolitical risks, including new
DXY dips under the 104.00 zone as equities slide and bond yields decline. Upbeat ADP employment data clashes with market anxiety over looming US tariffs. Key resistance stands near 104.10, while bearish pressure builds below 103.90. The US Dollar Index (DXY), which measures the value of the US Dollar against a basket of currencies, is
The Trump administration’s tariff plans are here, what will the implications be for the S&P and Dow Jones? Technology companies in the S&P 500, like Apple and Microsoft, are particularly vulnerable to tariffs due to their reliance on non-US markets. Analysts expect protracted negotiations regarding tariffs, leading to continued market fluctuations. Despite the uncertainty, the
Trump to announce new tariffs at 20:00 GMT; plan may include 20% duties on nearly all US trade partners. UK hopes for exemption amid balanced trade ties; GBP rallies on optimism and cautious risk-on mood. Strong ADP and Durable Goods data fail to lift USD ahead of key NFP and Powell speech later this week.
A report released by the Energy Information Administration on Wednesday unexpectedly showed a sharp increase by U.S. crude oil inventories in the week ended March 28th. The EIA said crude oil inventories surged by 6.2 million barrels last week after slumping by 3.3 million barrels in the previous week. Economists had expected crude oil inventories
