Recent News

The European Central Bank is widely expected to cut its Main Refinancing Rate from 2.65% to 2.40% at its policy meeting today.

Gold Continues Its Long-Term Bullish Trend, Eyeing $3,300; Stock Markets Lower as Trump Restricts NVIDIA Chip Exports to China; US Dollar Index May Be Breaking Below Key Support; Canadian Inflation Lower Than Expected, Suggest BoC to Pass on Rate Cut Today

Markets See Their Lowest Volatility Yesterday Since Tariffs Announced; Trump Floats Auto Tariff Exemption, Confusion Over Tech Import Tariff Exception; US Dollar Index May Be Finding Support; Bank of Canada Seen as Less Likely to Cut Rates This Week; Gold Makes Another Record High Yesterday

After Exempting Electronics from Retaliatory Tariffs, Trump States Will be Temporary, and Will Announce Tariff on Semiconductors This Week; Stock Markets Higher on Tariff Exemption; US Dollar Trades Lower After 4-Year Low on Friday; US PPI and UoM Consumer Confidence Sentiment Data Much Lower Than Expected

US inflation drops to 2.4%, while core inflation eases to 2.8%.

White House Announces Major Temporary Hold on New Tariffs, Stock Markets and Risk Assets Soar; China Announces 84% Tariff on USA, Trump Retaliates With 125% Tariff on Chinese Imports; US Negotiating With Vietnam, India, Japan, South Korea; Markets Expect US Inflation Data to Show Drop to 2.6% Today

There was little to be excited about in the cryptocurrency market, or any financial market for that matter, as asset prices were hammered by Trump’s ongoing trade war, which saw tariffs placed on every US trading partner.

Global Stocks Moving Back Towards Long-Term Lows as US Tariffs Come into Force Today; US Applies Retaliatory 104% Tariff on China; WTI Crude Oil Plummets to New 4-Year Low; RBNZ Cuts Cash Rate by 0.25%