EUR/USD falls to near 1.0460 as US President Trump reiterates threats to impose 25% tariffs on cars and other imports from the Eurozone. The US Dollar steadies as Trump tariff threats have improved its safe-haven appeal. Investors await the US PCE inflation data for January and preliminary HICP data of major Eurozone nations for February, … Read more
WTI Oil price holds ground amid supply concerns after Trump cancels Chevron’s Venezuela license. Oil prices faced headwinds amid rising concerns over global economic growth, with fears that Trump tariffs could weaken demand. The possibility of a Russia-Ukraine peace deal and the potential easing of Russian sanctions have weighed on Oil prices. West Texas Intermediate … Read more
The Indian Rupee trades on a softer note in Thursday’s early European session. Rising US Dollar demand and continued capital outflows undermine the INR, but RBI intervention might cap its downside. The estimate of the US Q4 GDP report will take center stage later on Thursday. The Indian Rupee (INR) weakens on Thursday. The local … Read more
Elliott Wave Analysis: S&P 500, NASDAQ 100, DAX 40, FTSE 100, ASX 200. Introduction Discover actionable Elliott Wave insights and trading strategies covering major indices like the S&P 500, NASDAQ 100, DAX 40, FTSE 100, and ASX 200. Our expert analysis helps you navigate impulsive tech stock surges and market lows, while we maintain tactical … Read more
The People’s Bank of China (PBOC) Deputy Governor Lu Lei suggested on Thursday that the Bank should actively facilitate fundraising, including the issuance of special treasury bonds, to help major state-owned banks replenish their Common Equity Tier 1 (CET1) capital. Additional quotes Strengthening capital reserves would enhance banks’ ability to manage risks and support the real … Read more
US Commerce Secretary Howard Lutnick said late Wednesday that April 3 is baseline reciprocal tariff data. Lutnick further stated that he will not allow chinese vehicles in the US as China is his major worry. Seperately, US Treasury Secretary Scott Bessent noted he is dedicated to working with Congress in making US President Donald Trump’s tax … Read more