Silver Price Outlook: XAG/USD climbs past $38.00 with renewed trade worries
Silver prices could attract buyers near $38.05 during the early European session on Thursday. Uncertainties about tariffs and evolving trade concerns are bolstering silver’s appeal as a safe asset. Investors are anticipating the release of US weekly unemployment claims and statements from Federal Reserve officials later today. The price of silver (XAG/USD) is likely to […]
Australian Dollar rises slightly following improved Trade Balance figures
The Australian dollar rises following the release of domestic trade balance data on Thursday. Australia’s trade surplus for June increased to 5,365 million, surpassing the forecast of 3,250 million. Trump hinted that he might apply more tariffs on China similar to those on Russian oil purchases. On Thursday, the Australian Dollar (AUD) strengthened against the […]
Trump prefers China to India in trade matters.
As President Trump’s tariffs take effect, tangible results will soon emerge. However, the reasoning behind these tariff levels is still a bit murky, and dialogues with essential trading partners are ongoing, even after the August 1 deadline. The repercussions of these tariffs are evident, yet gauging their international diplomatic and political ramifications is tricky. It […]
Trump and Modi’s friendship deteriorates due to trade discussions and Russian oil
During his first term, President Trump developed a strong rapport with Indian Prime Minister Narendra Modi, hosting joint rallies in Texas and India, where he praised Modi as one of America’s most devoted friends. Modi was one of the first world leaders to visit the White House when Trump started his second term. However, relations […]
How Trump Achieved Victory in the Trade War Before It Even Began
A trade rebellion that never happens In mid-July, an appeal from Financial Times columnist Martin Wolf emerged, urging a response to President Trump’s new tariff strategy. He labeled the move not just irrational but also a moral failing, suggesting that U.S. trading partners should retaliate. According to him, America had been “cheated,” and it was […]
Today’s Forex: Attention on trade policy discussions and RBI decision
The US Dollar (USD) continued its positive trajectory at the beginning of the week, gaining ground amid ongoing discussions regarding trade policies from the White House, speculation about potential Federal Reserve cuts, and questions surrounding who will succeed Jerome Powell. Meanwhile, the focus is shifting to the Reserve Bank of India (RBI), which is expected […]
Mets made a significant move for Byron Buxton at the trade deadline
The Mets made a move to strengthen their center field by acquiring Cedric Mullins right at the trade deadline, but they initially looked at bigger options. They reached out to Byron Buxton’s agent, BB Abbott, to explore whether the star outfielder would consider waiving his no-trade clause to be traded from the Twins. As reported, […]
US Trade Gap Falls to Almost a 2-Year Low
The U.S. trade deficit dropped to its lowest mark in almost two years in June, with the gap between the U.S. and China reaching a level not seen in over two decades. Between May and June, the total trade deficit decreased by 16%, equivalent to $60.2 billion. Since assuming office, President Trump has employed tariffs […]
The figures in Trump’s EU trade agreement are ridiculous.
Recently, President Trump announced a trade agreement with the European Union, describing it as a transformative update to the Transatlantic Alliance. He mentioned it allows Americans unprecedented market access and boosts the U.S.’s standing in global investment and advanced manufacturing. Critics have been vocal regarding the EU’s approach, citing a tendency to yield to pressure. […]
TSMC reveals possible theft of trade secrets, three individuals detained in Taiwan
The largest semiconductor manufacturer in Taiwan, known for being the biggest chip maker globally, announced on Tuesday that it had uncovered some “fraudulent activities” involving employees likely engaged in stealing trade secrets associated with advanced computer chips. TSMC, which produces chips for big names like Apple and Nvidia, reportedly terminated several employees and alerted Taiwanese […]