Forex Today: US Dollar remains steady, Gold recovers amid tensions from Trump’s tariffs
Here’s what you need to know on Tuesday, February 24th. The U.S. dollar (USD) bounced back from earlier losses and remained generally stable on Monday as the markets processed the Supreme Court’s decision regarding President Trump’s tariffs alongside his announcement of further tariffs over the weekend. Gold saw a boost from risk aversion, rising to […]
The 1974 Trade Act and Trump’s Authority to Impose Tariffs
Why Trump’s Critics Are Misguided About Tariff Powers and Balance of Payments The Trump administration has relied on Section 122 of the Trade Act of 1974 to enforce interim tariffs, which has sparked intense criticism from economists and trade experts who oppose him. For instance, former IMF chief economist Geeta Gopinath mentioned on social media […]
Dow drops as concerns about tariffs and AI disruptions shake markets
Market Reactions to Tariff Proposals and AI Concerns Uncertainty surrounding President Donald Trump’s latest tariff announcements, along with anxiety over artificial intelligence, had an impact on Wall Street, resulting in a decline in stocks and an increase in gold prices on Monday. The Dow Jones Industrial Average saw a drop of 866 points, about 1.75%, […]
Nasdaq and Dow Jones begin the week on a downward trend as Trump adjusts tariffs.
Stock Market Dip Amid Tariff Concerns U.S. stocks took a hit as President Trump’s recent tariff announcements loomed over the market. By early afternoon, the Dow Jones had decreased by 1.4%, the Nasdaq was down 1%, and the S&P 500 fell by 0.9%. In contrast, measures of volatility, gold, and crude oil saw an uptick […]
Stocks drop as traders realize Trump has severe options for new trade tariffs
Market Update: Dollar Weakens as Tariff Uncertainty Looms The dollar has lost value against foreign currencies. In Asia and Europe, stock markets faced significant declines. Early trading showed S&P 500 futures down by 0.22%. Investors are starting to recognize that the ramifications of the U.S. Supreme Court’s tariff ruling, along with President Trump’s response, are […]
China Calls on the U.S. to Remove Tariffs Following Supreme Court Decision
China Urges U.S. to Lift Tariffs Following Supreme Court Ruling On Monday, China’s Ministry of Commerce appealed to the United States to remove all tariffs, especially after the U.S. Supreme Court invalidated former President Donald Trump’s emergency tariffs. A spokesperson from the Ministry emphasized that China has long opposed any form of unilateral tariff hikes, […]
EUR/USD Forex Signal 23/02: Uncertainty Surrounding US Tariffs (Chart)
Created on February 23, 2026 A short trade on EUR/USD from last Thursday has turned out to be relatively profitable, triggered by a bearish rejection at the $1.1805 mark, as indicated by the hourly pin bar. Risk involved is 0.75%. Trades can be initiated before 5pm London time today. Consider going short on the next […]
Supreme Court Justice Clarence Thomas criticizes the court’s ruling on Trump’s tariffs
Supreme Court Ruling on Trump’s Tariffs In a notable decision, Supreme Court Justice Clarence Thomas dissented against the court’s ruling that blocked President Donald Trump’s use of emergency legislation to impose tariffs. Thomas argued that the emergency law was fundamentally misinterpreted, claiming that it misreads both existing law and the Constitution’s separation of powers. He […]
Pound Sterling remains steady above 1.3500 thanks to better UK data and uncertainty over US tariffs
During early European trading on Monday, the GBP/USD pair held steady, around 1.3520. After hitting four-week lows last week, major currency pairs have bounced back, which might be related to fresh worries about U.S. tariffs. Today, Bank of England external member Alan Taylor and Federal Reserve governor Christopher Waller are set to speak. On Friday, […]
Bitcoin, Ethereum, Dogecoin, and XRP Drop After New Global Tariffs Are Imposed: Analyst Indicates BTC Is Nearing the ‘Last Decline’ of This Cycle
On Sunday night, major cryptocurrencies saw a decline, paralleling a drop in stock prices as the new president, Donald Trump, announced a 15% tariff on goods imported from the U.S. around the world. Cryptocurrency market falls into ‘extreme fear’ Bitcoin’s trading volume decreased in the last 24 hours, fluctuating between the high $65,000s and low […]