It was another day of trade tariffs “drama” within the US White House administration. Yesterday, 23 April, the Wall Street Journal reported that the White House is considering cutting the steep tariffs on Chinese imports by more than 50%. However, US Treasury Secretary Bessent later clarified that President Trump has not made any unilateral offer […]
The post US-China De-escalation Optimism Fades with Bearish Technical Elements in US Stock Indices appeared first on Action Forex.
Germany’s Ifo Business Climate Index edged higher in April, rising from 86.7 to 86.9 and beating market expectations of 85.2. Current Assessment Index climbed to 86.4 from 85.7. Expectations, while slightly lower at 87.4 compared Read more…
Asian stocks ended their five-day winning streak as a short-lived global rally lost steam due to mixed messages from the Trump administration about China tariffs. A regional stock index dropped 0.3% after Treasury Secretary Scott Read more…
Daily Pivots: (S1) 0.9352; (P) 0.9381; (R1) 0.9428; More…. Intraday bias in EUR/CHF stays neutral and outlook remains bearish with 0.9408 resistance intact. On the downside, firm break of 0.9204 low will confirm larger down Read more…