EUR/USD reaches new multi-week lows due to Trump’s latest tariff warning to the EU
Market Overview: Euro Gains as Trade Hopes Persist The euro seems to be recovering from previous losses, buoyed by ongoing optimism about a trade agreement between the EU and the US. Investors are keen on finalizing a trade deal by the August 1 deadline. Currently, the EUR/USD is facing resistance at 1.1700, continuing its overarching […]
Asia-Pacific markets show varied performances as investors evaluate Trump’s recent tariff threats; bitcoin reaches new heights.
Asia-Pacific markets are mixed The Asia-Pacific market wrapped up a mixed day on Monday. Hong Kong’s Hang Seng index rose by 0.26% to finish at 24,203.32, while the CSI 300 index in mainland China remained unchanged at 4,017.67. In Japan, the Nikkei 225 dropped 0.28%, closing at 39,459.62, but the broader Topix index held steady […]
Exporters in China hurry to meet Trump’s upcoming tariff deadline
In June, China’s exports saw a resurgence as businesses aimed to capitalize on the fragile tariff ceasefire between Beijing and Washington, especially with strong shipments to Southeast Asia’s transport hubs. Firms on both sides of the Pacific are now uncertain about whether the world’s two largest economies can solidify a more stable deal. In the […]
Dow futures fall by almost 200 points after Trump imposes a 30% tariff on Mexico and the EU: Live updates
US Stock Futures Dip Amid Tariff Concerns On the evening of July 11, 2025, US stock futures declined as the market faced ongoing tariff risks and anticipated second-quarter earnings reports. S&P 500 futures fell by 0.4%, while Nasdaq 100 futures dropped 0.5%. The Dow Jones Industrial Average also slipped, declining by 183 points, or 0.4%. […]
How Trump’s 50% copper tariff might negatively impact US manufacturing
On Tuesday, President Trump declared plans to increase copper tariffs by as much as 50%. This announcement led to a sharp 17% surge in copper futures, marking the most significant single-day increase since 1988. Some investors see this as an opportunity to profit while others fear financial losses. Those benefiting from the tariffs are generally […]
Nvidia CEO downplays Trump tariff worries: ‘We’ll manage it’
Nvidia’s CEO, Jensen Huang, brushed off worries about President Trump’s tariff plans, stating that the California-based company would manage to adapt and highlighting the need for increased semiconductor production in the US. “Confusion and sudden change aren’t ideal, but I believe President Trump will find a way to navigate these deals, and countries will adapt,” […]
Americas FX news summary: Canadian jobs rise, EU tariff letter still pending
Market Overview Gold has risen by $33, now sitting at $3,355. The yield on US 10-year treasuries is expected to increase by 7.1 basis points, reaching 4.42%. Meanwhile, WTI crude oil has jumped from $2.14, trading at $68.71. However, the S&P 500 is down 0.3%, with the USD leading while the JPY has struggled. As […]
Dow falls almost 300 points after Trump hints at 35% tariff on Canada, fresh concern for the EU
Shares Drop Following Increased Canadian Tariffs On Friday, shares took a hit after President Trump announced a 35% tariff on Canadian goods not included in the USMCA trade agreement. The Dow Jones industrial average fell by 279 points, roughly 0.63%. This drop came after the S&P 500 and NASDAQ composite had seen record highs just […]
US Dollar strengthens amid tariff impacts and strong economic conditions
US Dollar Strengthens Amid Tariff Threats The US dollar saw an uptick on Friday due to President Trump’s new tariff announcements and rising expectations for reduced Fed interest rates. Trump has imposed a 35% tariff on Canadian goods, citing concerns about fentanyl and trade imbalances. The US Dollar Index (DXY) is currently below key resistance […]
Stock market update: Dow, S&P 500, Nasdaq decline after Trump warns of 35% tariff on Canada and increased blanket duties
US Stock Market Decline Following Tariff Announcement US markets experienced a downturn on Friday after President Trump issued a warning about imposing a 35% tariff on Canadian imports, which has raised concerns about broader implications for trade. The S&P 500 fell 0.4%, while the tech-heavy Nasdaq composite dropped by 0.2%, both indexes having reached record […]