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EUR/USD recovers from over two-week lows as traders reassess Trump’s tariff threats.US President Trump threatens 30% tariffs on all EU imports starting August 1.EU Commission proposes a second tranche of countermeasures targeting €72 billion worth of US imports.The Euro (EUR) regains ground against the US Dollar (USD) on Monday, after hitting its lowest level in over two weeks earlier in the day, as traders reassess the impact of escalating trade tensions between the United States (US) and the European Union (EU).The EUR/USD pair came under pressure after US President Donald Trump threatened over the weekend to impose 30% tariffs on…
The US Dollar Index stalls as markets weigh Trump’s tariff threats and Fed independence.The US Dollar hinges on bank earnings and US economic data releases on Tuesday.Price action for the DXY remains under pressure with psychological resistance firming at 98.00.The US Dollar Index (DXY), which measures the strength of the US Dollar (USD) against a basket of major currencies, remains under pressure at the start of the week, trading below the 98.00 level on Monday.Fresh geopolitical risks have emerged after US President Donald Trump’s announcement of tariff threats against the European Union (EU) and Mexico over the weekend. At the same time,…
The USD/CAD outlook shows robust strength in Canada’s labor market. Sentiment has remained poor since Trump announced a 35% tariff on Canada. Economists believe US inflation accelerated in June due to Trump’s tariffs. The USD/CAD outlook shows robust strength in Canada’s labor market, supporting the loonie as a result. However, a potential 35% tariff on the country’s exports to the US have put a lid on gains. Meanwhile, market participants are looking forward to the pivotal US consumer inflation report due this week. –Are you interested in learning more about Forex robots? Check our detailed guide- Data on Friday revealed…
The rupee depreciated 22 paise and fell below 86 level to close at 86.02 (provisional) against the US dollar on Monday amid a rise in global crude oil prices and a strengthening greenback. Foreign fund outflows and delay in any breakthrough in the India-US trade deal further pressured the local unit, according to forex traders. At the interbank foreign exchange, the local unit opened at 85.96 and traded in a narrow range of 85.92-86.05 before settling at 86.02 (provisional), down 22 paise from its previous close. The rupee depreciated 10 paise to close at 85.80 against the US dollar on…
The Indian rupee weakened past the 86 per U.S. dollar mark on Monday to its lowest level in more than two weeks, weighed by corporate dollar demand and equity-related outflows, traders said, amid uncertainty over U.S. trade policies. The rupee closed at 86.9850 against the U.S. dollar, down 0.2% from its close at 85.80 on Friday. The currency hit a low of 86.0475 earlier in the day, its weakest level since June 25. Dollar demand from a large Indian conglomerate and other companies pressured the rupee alongside likely outflows from Indian equities, traders said.India’s benchmark equity indexes, the BSE Sensex…
The rupee fell 17 paise to 85.97 against the US dollar in early trade on Monday amid a strengthening greenback and FII outflows. Uncertainties over US trade tariffs further pressured the rupee, according to forex experts. At the interbank foreign exchange, the local unit opened 85.96 against the US dollar before slipping to 85.97, down 17 paise from its previous close. The rupee had closed at 85.80 against the US dollar on Friday. “As (US President Donald) Trump applies tariffs on various countries, India remains out of the tariffs band for now with negotiations still on to finalise the amount…
EUR/USD posts first weekly loss in three weeks, ending at 1.1688.Trump eyes blanket tariffs, including on EU and copper exports.Dollar marks strongest week since March amid broad risk-off tone.EUR/USD finished the week with losses of over 0.70% and ended Friday’s session down 0.10% trading below the 1.1700 figure, cementing the case for a pullback to test key support levels as the Greenback posts its best week in four months. At the time of writing, the pair trades at 1.1688.A risk-off mood was triggered by US President Donald Trump, who remains focused in broadening tariffs to countries but also to commodities…
The Copper price remains firm as refining constraints pose a risk to the electronics industry.Copper trades at $5.50, still 10% above its level on Monday, as concerns about tariffs persist.Tariff-driven supply risks raise alarm across the construction sector.Copper futures are trading near $5.50 per pound on Friday, slipping from Tuesday’s high of $5.70 on the daily timeframe. Despite the modest decline, prices remain 10% higher than Monday’s close, underscoring persistent concerns over supply disruptions tied to incoming United States (US) trade tariffs.The 50% tariff on Copper imports, announced on Wednesday and set to take effect on August 1, is aimed…
losingThe Dow Jones fell back into the weekly red zone on Friday.President Trump has stepped up fresh tariff threats, targeting Canadian goods with new import fees.Investor sentiment remains hobbled in a constantly changing trade policy environment.The Dow Jones Industrial Average (DJIA) snapped a two-day recovery on Friday, testing below the 44,400 level once again as equities grapple with a new reality where trade tariffs exist in a quantum state, prone to popping in and out of existence at a moment’s notice. President Donald Trump has been busy this week, laying out a raft of new tariff threats against a slew…
USD/CHF capped by 20-day SMA and April trendline near 0.8000.RSI hints at building bullish momentum, though still below neutral.Bearish continuation may target July lows at 0.7919 and 0.7872.The USD/CHF consolidates during the North American session, is flat below the 0.8000 figure, poised to finish the week with 0.36% gains. A risk-off mood bolstered the Greenback, which so far has recovered some ground during the current week.USD/CHF Price Forecast: Technical outlookThe USD/CHF downtrend is set to continue, so the rallies should be sold in the short term. Alongside key resistance found at the 20-day SMA at 0.8037, lies a resistance trendline…