Gold price tumbles and trades volatile within the $3,100 – $3135 as US President Donald Trump imposed reciprocal tariffs worldwide, with the details pending of being released.
Feed from Fxstreet.com
April 2, 2025 11:35 pm | FOREX NEWS
Gold price tumbles and trades volatile within the $3,100 – $3135 as US President Donald Trump imposed reciprocal tariffs worldwide, with the details pending of being released.
Feed from Fxstreet.com
April 2, 2025 11:16 pm | FOREX NEWS
Trump has announced a 10% baseline tariff on all U.S. imports, along with higher “reciprocal” tariffs on about 60 countries, including key allies and major trade partners like China (34%) and the European Union (20%).
Whiter House press sec Leavitt says the 34% rate on China will be added to the current 20% rate for a total tariff of 54%.
These measures mark a significant escalation in trade protectionism, reversing decades of trade liberalisation.
Trump justified the move as a response to unfair foreign trade practices, including tariffs and non-tariff barriers that disadvantage American goods. However, Canada and Mexico, already subject to high tariffs, will not be affected further.
The baseline tariff takes effect on April 5, while the higher tariffs will begin on April 9. Exemptions apply to certain goods like pharmaceuticals, semiconductors, copper, gold, energy, and critical minerals not sourced in the U.S.
These actions have shaken global markets, with U.S. stocks losing nearly $5 trillion in value since February, and analysts warning of rising inflation and recession risks. While the Trump administration claims these tariffs will revive key industries, many businesses and economists fear long-term economic damage and increased consumer costs.
This article was written by Eamonn Sheridan at www.forexlive.com.
Feed from Forexlive.com
April 2, 2025 10:39 pm | FOREX NEWS
Reuters reports on some of the details of the auto tariffs from Trump, which go well beyond autos and parts. A big change is that they will include a 25% tariff on all computer imports, including laptops and desktops. That was $138.5 billion in 2024 and was not something that was rumored.
Other parts of it are comprehensive as well, as there don’t appear to be many exceptions:
Reuters cites an analysis of the tariff codes listed in the Federal Register. There is a chance this is a mistake by the wire or the White House but watch computer vendors, particularly those that manufacture abroad.
This article was written by Adam Button at www.forexlive.com.
Feed from Forexlive.com
April 2, 2025 10:36 pm | FOREX NEWS
The US Dollar Index (DXY) moved lower during Wednesday’s session, lingering near the 104.00 area after President Donald Trump confirmed sweeping tariffs on global imports.
Feed from Fxstreet.com
April 2, 2025 10:27 pm | FOREX NEWS
This is obviously being ignored but there is a hawkish shift unfolding at the Fed and the 80% chance of a June cut that’s priced in is too high.
This article was written by Adam Button at www.forexlive.com.
Feed from Forexlive.com
April 2, 2025 10:18 pm | FOREX NEWS
Here is the table distributed as a summary of the new tariffs, below.
Risk FX has been slapped back lower. EUR/USD hit 1.0920 and thereabouts, its back under 1.0820 now
This article was written by Eamonn Sheridan at www.forexlive.com.
Feed from Forexlive.com
April 2, 2025 10:01 pm | FOREX NEWS
Understanding market trends and price movements is crucial. But with so much market noise, it can be tough to spot key price levels and make informed decisions. Without a reliable tool, traders often face confusion, leading to poor decisions and missed opportunities. The Relative Price Channel (RPC) MT4 indicator comes in as a solution, offering […]
Feed from Forexmt4indicators.com
April 2, 2025 9:45 pm | FOREX NEWS
Zscaler released its fiscal second-quarter 2025 earnings. Learn more about the report and what analysts forecast for the stock.
Feed from Admiralmarkets.com
April 2, 2025 9:42 pm | FOREX NEWS
I’ve been posting the first page of the list, here is the full thing:
Second page:
Gotta say I have HATED being the pessimist on this trade war, I took Trump at his word and thought it would be ugly. It is.
Risk markets are being offered as I update.
This article was written by Eamonn Sheridan at www.forexlive.com.
Feed from Forexlive.com
April 2, 2025 9:33 pm | FOREX NEWS
Zscaler publicó sus resultados del 2.º trimestre fiscal del 2025. Lea más sobre el informe que pronostican los analistas para las acciones.
Feed from Admiralmarkets.com
April 2, 2025 9:12 pm | FOREX NEWS
Gold has hit a record high, trading at $3,000 per ounce on Tuesday morning. The Bank of Japan will announce its interest rate decision early on Wednesday.
Feed from Admiralmarkets.com
April 2, 2025 9:02 pm | FOREX NEWS
Tesla investors saw a glimmer of hope on Wednesday
after reports suggested that Elon Musk could soon step down from his role in
the Trump administration. The speculation fueled a 5% rebound in Tesla’s stock,
which had earlier dropped as much as 6.4% due to disappointing first-quarter
vehicle deliveries.
While the White House dismissed the report as “garbage,” it nevertheless sparked optimism among shareholders who
believe Musk’s return to full-time leadership at Tesla could help the
struggling electric vehicle maker regain its footing.
Musk’s White House Role Under Scrutiny
According to Politico, Musk and President Donald Trump
have agreed that the billionaire will soon shift his focus back to his
businesses, including Tesla. NBC News further reported that Musk’s government
tenure might end after 130 days as a special employee. A senior official
confirmed that Musk could leave within months, potentially reducing investor
concerns about his divided attention.
Interestingly, in the digital asset space, the market is flashing mixed signals, and so is Dogecoin. At the time of this publication, the meme coin, which shares a name with Musk’s outfit, had not changed much despite a nearly 10% decline in the past week. In a recent report by FinanceMagnates.com, Musk denied any connection between the two.
⚡️ LATEST: Elon Musk confirms the US Department of Government Efficiency (D.O.G.E.) has no plans to adopt Dogecoin. pic.twitter.com/q32Y7dOaLX
— Cointelegraph (@Cointelegraph) March 31, 2025
Musk’s involvement in the White House’s Department of Government Efficiency (DOGE) has been a contentious issue for Tesla shareholders. The CEO’s political engagement has led to widespread protests, boycotts, and even violent attacks on Tesla stores and vehicles globally. Moreover, Trump’s tariffs on key automotive suppliers in Mexico and China have added further strain to Tesla’s operations.
Tesla Shares Suffer Substantial Drop
Despite the recent uptick, Tesla’s stock remains under
significant pressure. Shares have plunged over 30% year to date and suffered a
staggering 36% decline in the first quarter, its worst quarterly performance
since 2022, CNBC reported. Investor sentiment has been shaken by Musk’s external commitments,
ongoing supply chain challenges, and weakening demand for Tesla’s vehicles.
Musk himself acknowledged the financial toll of his
White House role during a rally in Green Bay, Wisconsin, on Sunday. Musk’s involvement in the White House has also drawn legal threats. New York City Comptroller
Brad Lander has urged the city to sue Tesla on behalf of NYC pension funds.
This article was written by Jared Kirui at www.financemagnates.com.
Feed from Financemagnates.com