The U.S. dollar weakened sharply on Wednesday after President Donald Trump announced a steep increase in tariffs on China, raising concerns about a prolonged trade war and the risk of a U.S. recession. As of 04:10 ET (08:10 GMT), the Dollar Index—which measures the greenback against a basket of six major currencies—fell 0.4% to 102.277, […]
Daily Technical Analysis EUR/USD: The Pair Escapes Downward Pressure, but Tariffs and Fed Caution Persist
EUR/USD saw a modest recovery on Tuesday, ending a two-day losing streak as traders locked in last-minute gains ahead of the Trump administration’s sweeping “reciprocal” tariffs, set to take effect on April 9. Meanwhile, growing market expectations of Federal Reserve rate cuts are clashing with policymakers’ caution, setting up a potential conflict between economic forecasts […]
U.S. Dissolves Crypto Crime Unit in Regulatory Shift Under Trump
The Donald Trump administration continues to roll back oversight of digital assets. In this context, the U.S. Department of Justice (DOJ) has disbanded the National Cryptocurrency Enforcement Team (NCET), a key unit in the investigation and prosecution of cryptocurrency-related crimes, according to a Fortune report based on an internal memo. The dissolution of the NCET, […]
Today’s Stocks to Watch: Nvidia, Tesla, and Toyota
Key Points To Watch Out For: Nvidia (NVDA), Intel (INTC) and Broadcom (AVGO): Boost in chips, except TSMC Semiconductor stocks rose in premarket trading, led by Nvidia, Intel, and Broadcom, while TSMC fell 3.8% in Taiwan, impacted by a broader selloff in the local market. Humana (HUM), CVS (CVS), UnitedHealth (UNH): Medicare boosts insurers Medical […]
U.S. Stock Futures Up, Investors Seek News on Tariff Talks
U.S. stock index futures surged on Tuesday, rebounding from the previous session’s volatility as uncertainty surrounding President Donald Trump’s tariff agenda continued to grip markets. As of 05:50 ET (09:50 GMT), Dow Jones Futures rose 735 points (1.9%), S&P 500 Futures gained 75 points (1.5%), and Nasdaq 100 Futures advanced 205 points (1.2%). Wall Street […]
Dollar Dragged Down by Recession Fears; Pound Sterling Punished by Weak Projections
The U.S. dollar traded steadily on Tuesday but remained near recent lows as fears of a potential U.S. recession, fueled by escalating trade tensions, continued to weigh on market sentiment. Meanwhile, the British pound slumped amid growing concerns over the U.K.’s economic outlook. Dollar Remains Under Pressure At 03:55 ET (07:55 GMT), the U.S. Dollar […]
Outlook for the Week of April 7–11
The week of April 7–11 brings key market events, with U.S. consumer spending data and the PCE inflation index in focus amid speculation over Federal Reserve rate cuts. In the UK, CPI figures and the spring budget statement could impact the pound, while the euro’s momentum hinges on PMI releases. Asia’s spotlight is on inflation […]
U.S. Requires Federal Agencies to Disclose Bitcoin and Cryptocurrency Holdings
U.S. federal agencies have until next Monday to report their holdings of Bitcoin and other digital assets to Treasury Secretary Scott Bessent, a White House official confirmed to journalist Eleanor Terrett. This measure is part of the executive order signed by President Donald Trump on March 6, which establishes the Strategic Reserve of Bitcoin and […]
Today’s Stocks to Watch: Tesla, Nvidia, and Apple
Key Points To Watch Out For: Tesla (TSLA): Aggressive Target Price Cut Puts Pressure on the Stock Tesla shares fell 4% in premarket trading, after dropping 10% on Friday. Wedbush Securities cut its 12-month target price from $550 to $315, citing growing risks to demand amid a worsening economic environment. Wells Fargo (WFC) and JPMorgan […]
U.S. Stock Futures Plummet Further, Wall Street Fear Gauge Accelerates
U.S. stock index futures tumbled on Monday, deepening the ongoing market selloff, after President Donald Trump reaffirmed his commitment to sweeping trade tariffs. The move has intensified recession concerns and heightened investor anxiety. As of 07:20 ET (11:20 GMT), Dow Jones Futures had dropped 675 points (1.8%), S&P 500 Futures declined 93 points (1.8%), and Nasdaq 100 Futures fell 380 points (2.2%). Investors fear […]