The Australian Dollar experiences volatility amid Trump’s Congressional speech. Australia’s Gross Domestic Product grew by 0.6% QoQ in Q4 2024, surpassing market expectations of 0.5%. US Commerce Secretary Lutnick indicated that Trump may reconsider his tariff policy less than 48 hours after its implementation. The Australian Dollar (AUD) moves sideways on Wednesday, with the AUD/USD … Read more
US President Donald Trump is addressing a joint session of Congress at the Capitol Building, in Washington DC, on Wednesday. It’s his first Congressional address after returning to power. Key quotes To my fellow citizens, America is back. Our country is on the verge of a comeback the likes of which the world has never … Read more
Bank of Japan (BoJ) Deputy Governor Shinichi Uchida said on Wednesday, “if forecasts met the Bank will adjust policy further.” Additional quotes If forecasts met the Bank will adjust policy further. It will be possible for the bank to proceed while examining the response of economic activity if it raises the policy interest rate at … Read more
American Express and JPMorgan sink more than 5% on US tariffs. Trump administration has commenced 25% tariffs on Canada and Mexico, as well as an extra 10% on China. Goldman Sachs stock floundered on the news, down 6%. Many observers are expecting a downturn in the US economy. The United States (US) stock market … Read more
DXY extends Monday’s losses, dropping below 106.00 amid trade tensions. Canada and China retaliate against US tariffs, increasing economic uncertainty. Technical indicators suggest a bearish crossover is forming, which may push the Greenback lower. The US Dollar Index (DXY), which measures the Greenback’s value against six major currencies, suffers another leg lower on Tuesday, adding … Read more
US President Donald Trump will address Congress from the US Capitol at around 02:00 GMT Wednesday, marking his first appearance before lawmakers since retaking the White House. He’s expected to outline his vision for a wide range of domestic and foreign policy initiatives. In his second term, President Trump has wasted no time getting started. … Read more