The latest round of US tariffs on Canada, Mexico, and China officially took effect today, marking the formal start of what many are calling “Trade War 2.0” under US President Donald Trump. Markets had been bracing for impact, and the steep selloff in US stocks overnight confirmed that investors are deeply concerned about the economic […]
The post Yen Strengthens as Trade War 2.0 Formally Begins, Lifted Further by Trump’s Currency Warning appeared first on Action Forex.
Today, Brent crude is sliding towards the psychological $70 per barrel mark, with the XBR/USD chart showing a break below a key support level (marked in blue) that had been holding since autumn last year. Read more…
Nikkei 225 broke below its 200-day moving average and a four-month range configuration. US President Trump’s trade war 2.0 against major trading partners triggered a negative feedback loop in Japanese equities due to potential disruption Read more…
Daily Pivots: (S1) 188.49; (P) 190.23; (R1) 191.65; More… Range trading continues in GBP/JPY and intraday bias stays neutral. Further decline is in favor as long as 193.04 resistance holds. On the downside, firm break Read more…