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%, […]
Commodity companies set to gain $300 million from US copper tariff changes
Trafigura, Mercuria, Glencore, and IXM recently netted over $300 million in profits after sending significant amounts of copper to the U.S., coinciding with impending metal tariffs. Commodity traders are leading the charge in bringing unprecedented quantities of copper to the U.S. The growing price disparity with international markets has opened a lucrative arbitrage opportunity. Following […]
European stocks achieve their fourth consecutive gain as investors overlook tariff concerns.
European stock markets await US trade agreement European stock markets continued their upward trend on the fourth day as traders looked for updates on US tariffs and trade agreements. The Stoxx Europe 600 index finished the session up by 0.5%. In this context, the UK’s FTSE 100 climbed 1.2%, while the French CAC 40 saw […]
US Dollar steadies as Trump prolongs tariff efforts
The US dollar has been stable above 97.50 after experiencing a slight dip during Asian trading hours. Initial US unemployment claims decreased to 227,000, while ongoing claims rose to the highest since 2021. Minutes from the June FOMC meeting indicate most officials support potential interest rate cuts later this year. The momentum index shows that […]
Rand Paul criticizes Trump’s careless tariff on Brazil due to the Bolsonaro trial
Sen. Rand Paul Criticizes Trump’s Tariff Policy on Brazil On Thursday, Senator Rand Paul (R-Ky.) expressed strong disapproval of President Trump’s decision to impose 50% tariffs on Brazilian goods, a move aimed at protesting legal actions against Brazilian President Jair Bolsonaro, a key ally of Trump. Paul, who has been vocal against Trump’s tariff strategy, […]
Trump Sets 50% Tariff on Brazil Due to ‘Witch Hunt’ Against Jair Bolsonaro
Trump Announces 50% Tariffs on Brazilian Goods President Donald Trump declared on Wednesday that a 50% tariff would be placed on Brazilian products entering the United States. He pointed to ongoing political issues related to the former Brazilian president, Jair Bolsonaro, calling it a “witch hunt.” The new customs duties are set to begin on […]
EUR/USD approaches 1.1750 amid uncertainty about Fed rates and tariff issues
The Euro/USD Gains Ground as the Dollar Weakens Amid Tariff Concerns The Euro/USD is expected to rise as the US dollar falters amid new tariff issues. Trump’s latest letter outlines individual tariff rates between 20% and 50% for eight nations, effective since August 1. The euro strengthens following news from the White House that didn’t […]