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EUR/USD dips close to 1.1300 as traders wait for US ISM Services PMI – FXStreet

The EUR/USD dropped on Monday amid concerns over potential trade tensions. President Donald Trump revealed plans for 100% tariffs on diplomatic production films, raising alarms about protectionist measures. The eurozone’s harmonized consumer price index held steady at 2.2% year-on-year in April, slightly exceeding the anticipated 2.1%. The EUR/USD hovered around 1.1320 during Monday’s Asian session. […]

Gold News: Traders Position for Volatility as Fresh Safe-Haven Demand Looms – FXEmpire

Last week, Xau/USD was $3,327.37, up $89.45 or +2.76%. Granted independence under scrutiny amid Trump Powell’s clash The market focus lit up at the risk of political interference after President Trump threatened to remove Federal Reserve Chairman Jerome Powell. The clash rattles off investors’ trust and revived debates over central bank independence. Historically, similar tensions […]

China Chip Traders Grumble that Trump Tariffs Sent Orders Plummeting

South China Morning Post (SCMP) On Tuesday, President Donald Trump’s tariffs pushed up prices and stopped ordering for computer products, which saw a sense of darkness settling down in China’s vast electronic market in Shenzhen. SCMP I spoke The distributor is in Huaqiangbei, a district of the high-tech hub city of Deep Shenzhen, specializing in […]