Prominent Economist Recognized by Trump Cautions That 25% Tariffs Could Cause ‘Irreparable Damage’ to U.S. Automakers
Noted economist honored by Trump warns that 25% tariffs risk ‘irreparable damage’ to US automakers WASHINGTON (AP) — Noted economist Arthur Laffer warns in a new analysis that President Donald Trump’s 25% tariffs on auto imports could add $4,711 to the cost of a vehicle, adding that the proposed taxes could weaken the ability of […]
Gold Price Outlook: Are Tariffs and ETF Demand Set to Boost XAU/USD?
Gold Price Forecast: Will Tariffs and ETF Demand Drive XAU/USD Higher? Gold prices faced resistance despite tariff threats, failing to reach previous highs. Gold ETFs saw their largest single-day increase since 2022, indicating strong demand. US economic data had a short-term impact on prices, but haven demand remains elevated. Most Read: EUR/USD Forecast: Will Tariffs […]
Hang Seng Index and Nikkei 225: A Comparative Overview
Hang Seng Index, Nikkei 225 Pedestrians walking across a crowded traffic at Shibuya crossing square in Tokyo, Japan. Jaczhou | E+ | Getty Images Asia-Pacific markets traded higher Wednesday, tracking Wall Street gains on expectations that U.S. President Donald Trump’s tariffs could be softer than expected earlier. Australia’s S&P/ASX 200 rose 0.71% to close at […]
Exploring the US Dollar (DXY): Analyzing Tariffs, Economic Data, and Technical Charts
Navigating the US Dollar (DXY): Tariffs, Data, and Technicals The US Dollar Index (DXY) rose to a three-week high due to positive US business activity data and improved sentiment. US Services PMI showed growth, driving the overall positive economic data. Market focus shifts to Friday’s PCE data and developments around the proposed tariffs due on […]
Stock Futures Climb as Optimism Grows Over Targeted US Tariffs: Market Update
Stock Futures Rise on Hope of Targeted US Tariffs: Markets Wrap (Bloomberg) — US and European stock-index futures climbed on signs that the next round of President Donald Trump’s tariffs may be more measured than previously suggested. Most Read from Bloomberg Futures for the S&P 500 and Euro Stoxx 50 rose along with equities in […]
Weekly Market Outlook: Analyzing the US Dollar, Inflation, and PMI Data
Markets Weekly Outlook – US Dollar, Inflation & PMI Data Analysis Zain Vawda Market Analyst Zain is an experienced financial markets analyst and educator with a rich tapestry of experience in the world of retail forex, economics, and market analysis. Initially starting out in a sales and business development role, his passion for economics and […]
StubHub Moves Forward with IPO as Companies Prepare for Public Offerings
StubHub files for IPO as companies start lining up to go public The StubHub logo is seen in a former store in New York City on April 18, 2024. Michael M. Santiago | Getty Images StubHub, an online marketplace for reselling tickets, on Friday filed to go public on the New York Stock Exchange under […]
Nasdaq 100 Technical Perspective: Anticipating a Rebound Before Possible Further Decline
Nasdaq 100 Technical Outlook: Corrective rebound before new potential down move Fed Chair Powell’s “inflation is transitory” induced rally in US stocks may be temporary. Market breadth remains weak in the Nasdaq 100. Watch the 20,340/790 key medium-term resistance on the Nasdaq 100 where it may spark another impulsive down move sequence. /* Requesting advertisement […]
中国股市回调拖累亚洲市场，尽管美联储前景乐观
Slide in Chinese shares hampers Asian markets despite Fed optimism By Rae Wee SINGAPORE (Reuters) – Asia shares were hobbled by weakness in Chinese markets on Thursday and struggled to build on Wall Street’s rally, even as investor sentiment was lifted by the prospect that the Federal Reserve could still deliver two rate cuts this […]
FOMC & Market Implications: Inflation, Interest Rates, and the US Dollar
FOMC & Market Impact: Inflation, Rates, and the US Dollar The Fed is expected to maintain current interest rates (4.25%-4.50%) and a cautious approach, emphasizing data-driven decisions. Market participants will focus on the Fed’s “dot plot” and Chair Powell’s press conference for clues about the timing and trajectory of future rate cuts. Technically, the US […]