Global Economic : Key Highlights
Today's news highlights global economic and market developments, including Biden's call for calm, China's economic performance, the attempted assassination of Trump, major corporate acquisitions, and international financial markets. Significant updates also include geopolitical dynamics, cultural trends, and sports achievements.
AUD/USD, AUD/JPY May See 2009 Lows if China Retaliates US Tariffs
The AUD/USD, AUD/JPY may reach 2009 lows as US President Donald Trump gave the green light for more tariffs against China. Retaliation may sink the Australian Dollar as the Yen gains.
Feds Powell Shakes the Dow and Dollar as Markets Confused on Next Steps
The Fed cut rates for the first time in over a decade by 25bp to 2.00-2.25% seeming to keep options for more on the table
Dow, S&P 500 Rise After Trump Tweets Jawbone Stocks Higher
Equities are gaining ground as risk assets attempt to stage a comeback after Trump's latest jawboning tweets on the US-China trade war. But, effectiveness may prove difficult as the President has a history of attempting to move markets.
EURUSD Rate at Support Ahead of Trump Auto Tariffs Decision
Spot EURUSD continues to hover around technical support near the 1.12 price level while traders await next week's looming decision from President Trump on taxing EU auto exports.
Crude Oil Price Crumbles on Trump Call to OPEC Despite US GDP Beat
Crude oil dropped a whopping 4 percent before trimming losses following reports that President Trump called OPEC to put pressure on the oil cartel to increase market supply and send prices lower.
Crude Oil Prices Plunge After Trump Tweet Bashes OPEC Supply Cuts
President Trump took his latest jab at OPEC and the oil cartel's supply cuts which sent crude plunging nearly 1 percent as the US President stated the importance of OPEC increasing the flow of oil.
Asian Stock Markets Gain As Investors Look to Trump, Kim Summit
There was plenty of green on Asia Pacific mainboards despite a shaky US lead as trade -settlement hopes endure and President Trump gets ready to
Trump to Pause Government Shutdown, Stocks and USD in Disbelief
President Trump caves on border funding demand after furloughed employee protest put pressure on politicians to reach bipartisan stopgap agreement.
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