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 […]
Stocks Decline as President Trump Intensifies Tariff Threats
Market Update The S&P 500 Index has seen a decline of -0.57%, while the Dow Jones Industrial Average has dropped by -0.65%. The Nasdaq 100 Index is down -0.51% as well. In addition, September’s E-Mini S&P Futures fell by -0.67%, and September’s E-Mini Nasdaq futures dropped by -0.57%. The stock market is experiencing a downturn […]
S&P 500 falls from all-time high after Trump imposes 35% tariff on Canada
US Stocks Decline Amid Tariff Tensions On Friday, U.S. stocks experienced a downturn, with the S&P 500 retreating from its recent highs following President Trump’s announcement of a 35% tariff on Canadian imports and hints at increased tariffs for several other nations. The S&P 500 dropped by 0.4%, settling at 6,253.10 after briefly reaching a […]
EUR/USD draws interest from sellers under 1.1700 as traders wait for US-EU tariff agreement
EUR/USD is slipping to around 1.1680 during the Asian session on Friday. Trump indicated that the EU will receive a letter regarding new tariff charges “today or tomorrow.” ECB’s Holzmann stated that the central bank does not need to further reduce interest rates. The EUR/USD currency pair is expected to decline further, nearing the 1.1680 […]
European stocks fall as White House will likely send tariff letter to the EU
What drives the Tesla boom in Norway? This week, from Oslo, a report highlighted how sales in Norway are bucking the trend of declining sales across Europe. It’s interesting to consider what has made this Scandinavian country a notable success for American electric vehicle manufacturers. Italian Cucinelli is making money. The UK makes fresh Eutelsat […]
EUR/USD continues to decline following robust US job figures and new tariff warnings.
The euro is expected to weaken further as Trump’s new tariffs dampen risk appetite Euro depreciation is anticipated due to new tariffs from Trump affecting market confidence. Unexpected drops in unemployment may undermine the Fed’s hopes for imminent interest rate cuts. EUR/USD continues to drop, with bears eyeing a support level around 1.1660. The EUR/USD […]
Trump’s copper tariff boosts U.S. prices, but experts have mixed views on investment prospects.
President Donald Trump’s implementation of a 50% tariff on copper imports, starting August 1st, has drawn significant attention to the metal market. Following the announcement, US COMEX futures saw an increase of 2.65% on Thursday, and they continued to rise on Friday, although some earlier gains were lost. On Wednesday, US copper prices jumped 13%, […]