US markets got little solace but more clarity from the FOMC Minutes overnight. It was clear from the minutes that the committee members remained highly focused on culling inflation, even if it was at the expense of a sharp economic slowdown. For July’s meeting, a 0.50% to 0.75% Fed Funds rate hike was most likely. […]
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The effective U.S. tariff rate is now at its highest level since the 1940s after U.S. President Donald Trump signed an executive order to impose 25% tariffs on Canada and Mexico on March 4. A Read more…
Key Highlights GBP/USD started a fresh increase above the 1.2750 resistance. A major bullish trend line is forming with support at 1.2670 on the 4-hour chart. EUR/USD surged above the 1.0535 and 1.0620 resistance levels. Read more…
US stock markets (Dow Jones, S&P 500) are experiencing volatility due to Trump administration tariffs. A one-month tariff exemption for US automakers has temporarily eased market pressure, but the long-term sustainability of this is uncertain. Read more…