The Dow Jones Industrial Average (DJIA) shed further weight on Tuesday, dropping nearly 700 points on the day, or 1.76% after United States (US) President Donald Trump vowed to heat up his own trade war with Canada.
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The Alberta energy minister is weighing in by saying:
This article was written by Greg Michalowski at www.forexlive.com.
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The Mexican Peso holds firm against the US Dollar and fails to gain traction even though the latter refreshes year-to-date (YTD) lows against a basket of six currencies, revealed the US Dollar Index (DXY).
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The Canadian Dollar roiled on Tuesday, falling roughly six-tenths of one percent against the Greenback at its lowest as markets weigh the latest evolution in US President Donald Trump’s self-styled trade war against Canada.
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B2BROKER, a global fintech company offering solutions
for financial institutions, announced a partnership with Devexperts, the global
software developer for the capital markets industry.
This collaboration brings the DXtrade trading platform
into the B2CORE ecosystem, B2BROKER’s CRM solution. B2CORE is a SaaS product by
B2BROKER. The platform is a CRM solution and back office for
brokers, exchanges, and financial institutions. It provides onboarding tools, KYC,
multi-currency wallets, risk management, and access to the leading trading
platforms.
Integrating DXtrade and B2CORE
“Our partnerships are extremely important to us, and we
are pleased that DXtrade has been made available via B2CORE. At Devexperts, we
look to bring our 20+ years of financial software development experience to
each and every one of our products, and DXtrade is, of course, no exception,” Jon
Light, the Head of OTC Platform at Devexperts, said.
According to the announcement, this addition expands
the range of supported trading platforms available through B2CORE and offers
brokers and traders access to a better suite of trading tools and management
features.
In 2022, B2Broker licensed Devexperts’ multi-asset and
multi-market trading platform dxTrade. This agreement allows B2Broker to
operate as a Prime of Prime liquidity provider within the dxTrade network.
B2Core enables brokers looking to start their
operations to streamline basic functions such as opening real or demo accounts, payment processes including deposits and withdrawals, and transferring funds between accounts.B2BROKER now offers maintenance services for the cTrader trading servers, the company recently told Finance Magnates.
Expanding Offerings In New Partnerships
“Let us take care of everything, from the initial
configuration to the daily management of your cTrader servers, so you can focus
on achieving your business goals with confidence,” B2BROKER’s CEO and founder,
Arthur Azizov, said in a statement.
The new service encompasses maintenance, system upgrades, risk management, and market changes and can reportedly be utilized by brokers on the company’s cTrader white-label solution and others directly licensing the trading platform. Additionally, B2BROKER expanded into the proprietary
trading space early this year by launching a challenge-based platform dubbed B2PROP.
“cTrader Prop Trading WL provides a complete brokerage
infrastructure for institutional and retail brokers. Our solution enables
brokerages to offer a branded, customizable experience for our clients quickly,” commented Ivan Navodnyy, Chief Product Officer at B2BROKER.
This article was written by Jared Kirui at www.financemagnates.com.
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Sec of State Rubio:
Meanwhile,US National Security Adviser Waltz is saying
This article was written by Greg Michalowski at www.forexlive.com.
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Ukraines top aid to Zelenskiy :
PS. Zelenskiy did thank the US team for constructive talks in Saudi Arabia and says that proposal covers front line and not just air and sea exclusively
This article was written by Greg Michalowski at www.forexlive.com.
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The Pound Sterling extended its gains versus the US Dollar on Tuesday as the latter continued to plunge, due controversial trade policies by US President Donald Trump, adding an additional 25% in aluminum and steel imports from Canada, as the latter apply duties on electricity imported to New York, Michigan and Minnesota.
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Meanwhile, the stock market is taking the fireworks in stride. The Dow is still lower by -301 points and the S&P is down -0.21% but the Nasdaq is now up 0.35% in volatile trading.
This article was written by Greg Michalowski at www.forexlive.com.
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The EUR/USD pair regained bullish traction on Tuesday after the European session, advancing past the 1.0900 zone and continuing its strong upward trend.
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Apple (AAPL) stock is following the Dow Jones Industrial Average (DJIA) lower on Tuesday after US President Donald Trump added an additional 25% tariff to imports of Canadian steel and aluminum.
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The reality may have disappointed those hoping that Donald
Trump’s return to the White House would propel the U.S. stock market to new
highs — and, more importantly, help sustain those gains. Since February 20, the
S&P 500 index has
been on a downward trajectory.
As many have echoed, the main concern is the growing fear
among investors that the U.S. economy could slip into recession. Trump’s
trade wars, which could lead not only to an economic slowdown but
also to rising inflation, appear to be the main culprits for this anxiety.
According to the latest Survey of Consumer Expectations,
inflation is expected to be 3.1% a year from now, just slightly rebound from
the 3% forecast in January. The Fed’s long-term inflation target is 2%, so the
regulator will likely maintain a hawkish stance unless the economy shows signs
of slipping into recession.
And the latter is exactly why markets expect we will
ultimately see more rate cuts this year than expected, possibly as early as
this summer or even in May. However, Jerome
Powell recently stated, “Tariffs can increase
inflation, and the Fed needs time to assess their impact.”
Will this downward trend continue?
Recently, Wells Fargo and Deutsche Bank projected the index
could hit 7,000, while Morgan Stanley forecasted 6,600, and JP Morgan predicted
6,500. However, as time passes and Trump’s policies continue to create
uncertainty, these overly optimistic projections have been revised downward.
In addition to trade tensions and rising inflation, which
are likely to keep markets nervous, the US stock market continues to trade
above long-term averages due to the heavy weighting of the IT sector. Thus,
there is still room for further declines in the S&P 500 and the Nasdaq.
As for Trump’s promised economic boosts-such as ending all
wars, cutting taxes, balancing the federal budget, and bringing manufacturing
back to US soil-they will not
be easy to achieve. How, for example, can you cut the
federal budget by one-third while maintaining high economic growth?
However, keep in mind that any short-term market correction
could be followed by upward swings, as is often the case with volatile markets.
The market’s ability to recover after such declines may depend on the broader
economic environment, including geopolitical risks ahead.
In particular, Trump’s implementation of retaliatory
tariffs, expected around April 2, could send more shock waves through the
market, triggering further uncertainty. Investors are not known for their
nerves of steel, and fear and caution will likely remain strong themes in the
coming weeks.
This article was written by FL Contributors at www.forexlive.com.
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