The concept of ‘US exceptionalism’ covers many specific themes. For academics it may have referred to the US’s ability to attract bright minds from around the world and generate cutting edge research. Combined with the country’s entrepreneurial culture and venture capital infrastructure, this has helped it to spawn and grow most of the world’s largest … Read more
Silver price looks for a temporary support after sliding almost 1% to near $33.00 as trade tensions between the US and China have renewed. Trump accused China for non-compliance of trade agreement. The US PCE inflation cools down in April. Silver price (XAG/USD) is down almost 1% near the key level of $33.00 during North … Read more
Gold price recoups some initial losses as trade tensions between the US and China have renewed. US Appeals court lifts the ban on Trump’s tariffs temporarily. The US core PCE inflation grew moderately by 2.5%, as expected, on year in April. Gold price (XAU/USD) recovers some of its initial losses and rebounds to near $3,305 … Read more
In a post published on Truth Social on Friday, United States (US) President Donald Trump said that China has violated its agreement with the US. After explaining how “very high tariffs” made it impossible for China to trade with the US and cause factory shutdowns, President Trump continued: “I made a fast deal with China … Read more
Sharp drop in US Dollar (USD) could extend against Japanese Yen (JPY); oversold conditions indicate that any decline is unlikely to reach 142.80. In the longer run, the outlook for USD is unclear after wild swings; for the time being it could trade between 142.10 and 146.30, UOB Group’s FX analysts Quek Ser Leang and … Read more
EUR/USD trims gains as the US Dollar finds support ahead of the PCE inflation data release. A US federal court reversed the previous day’s sentence blocking tariffs and sent the US Dollar tumbling on Thursday. In Europe, the focus will be on the German CPI due later today. EUR/USD extends its reversal from Thursday’s highs, … Read more