Author: FX
Donald Trump, United States President, announced on Friday through Truth Social a new round of tariffs on the European Union (EU) for cars and trucks.I am pleased to announce that, because the European Union is not complying with our fully agreed-upon Trade Deal, next week I will be increasing tariffs on cars and trucks imported into the United States from the European Union. The Tariff will be increased to 25%. It is fully understood and agreed that, if they produce Cars and Trucks in the USA. Plants, there will be NO TARIFF. Many Automobile and Truck Plants are currently under…
Well this is worrisome:Not satisfied with Iran’s latest proposalNot sure we’re going to get a dealWe’re negotiating by phoneI just had a conversation with IranWe now have talks going on, they’re not getting thereoptions: either blast them away or make a deal, when this war ends oil, gas and everything will come tumbling downNot worried about US missile inventoryWill probably go to the G7 in FranceTrump on potential Iran strikes : why would i tell youIranian leaders are in disagreement among themselvesIran is asking for things I cannot agree withI’m not satisfied because the Kurds didn’t deliver the weapons we…
West Texas Intermediate (WTI) crude Oil eases on Friday, trimming part of the strong gains registered earlier this week as renewed diplomatic efforts to end the US-Iran war lift market sentiment. At the time of writing, WTI is trading around $99, down over 3% on the day and pulling back from a seven-week high near $107.35 reached on Thursday.The latest leg lower comes as reports suggest Iran has submitted a new proposal through Pakistani mediators in response to the latest US amendments, following Washington’s rejection of an earlier Iranian offer that proposed leaving nuclear negotiations for a later stage. While…
Silver (XAG/USD) trades around $76.00 on Friday at the time of writing, up 3.05% on the day, supported by renewed demand despite a macroeconomic backdrop that remains challenging for non-yielding assets.The white metal benefits from a rebound after consolidating earlier in the week, as investors reassess the outlook for monetary policy in the United States (US). The Federal Reserve (Fed) kept interest rates unchanged within the 3.5%-3.75% range at its latest meeting, a decision widely expected by markets. However, internal divisions within the committee, with several members opposing an easing bias, reinforce the view that restrictive policy may persist for…
Markets just got another sharp turn in the tape.Iran has reportedly just sent a fresh proposal for negotiations with the U.S. through Pakistani mediators, oil eased on the news, and earnings are still doing enough to keep buyers engaged. That combination has pushed the S&P 500 back toward the 7,300 area, or close enough that traders now have to treat it as a live level. After the move into 7,265, the gap is not that wide anymore.That does not mean 7,300 has to print exactly.It means the market is already close enough for the bigger question to take over: does…
Trump announced that he’s raising EU auto tariffs to 25% from 15% “next week” in a surprise move.”I am pleased to announce that, based on the fact the European Union is not complying with our fully agreed to Trade Deal, next week I will be increasing Tariffs charged to the European Union for Cars and Trucks coming into the United States. The Tariff will be increased to 25%. It is fully understood and agreed that, if they produce Cars and Trucks in U.S.A. Plants, there will be NO TARIFF. Many Automobile and Truck Plants are currently under construction, with over…
Pres. Trump on a Truth Social post says he will increase tariffs on European cars and trucks next week to 25% citing that they are not fully agreeing to the trade deal. Stocks have come off a bit on the news but they still remain in positive territory. The US dollar has also moved modestly to the upside but remains lower on the day.Recall that the Supreme Court of the United States ruled that the initial tranche of tariffs was unconstitutional, setting the stage for an estimated $160 billion in refunds to importers. The administration has pointed to an alleged…
Bitcoin is pushing higher today, with price action gaining momentum as it breaks above both key short-term barometers—the 100-hour moving average at $76,638 and the 200-hour moving average at $77,267. That upside extension has carried the price to a session high of $78,924, bringing it right up against a critical technical level: the 50% retracement of the 2026 trading range at $78,928.While the move higher is constructive for buyers, it’s also running directly into a dense cluster of resistance. Just above sits a double top from April near $79,500, followed by the psychologically important $80,000 level. In other words, the…
The USD is trading lower today as oil slips back below $100 and Treasury yields edge down. The 10-year yield is off -2.2 bps at 4.367%, while the 2-year is also down -2.2 bps at 3.865%.On the data front, ISM Manufacturing PMI came in weaker than expected but held above the 50 level—keeping the sector in expansion. The report had a mixed tone: employment declined, while new orders and prices moved higher, pointing to ongoing demand alongside persistent cost pressures.In the video above, I walk through the major currency pairs versus the USD—breaking down the technicals that define the bias,…
Tech stocks surge as healthcare faces setbacksThe US stock market today painted a vibrant picture, with technology stocks roaring ahead, while the healthcare sector struggled to keep pace. Investors witnessed a mixed landscape where strategic choices may dictate future gains.📈 Technology Sector: Leading the chargeThe tech sector stood out, bolstered primarily by giants like Microsoft (MSFT), which saw an impressive gain of 1.38%. Oracle (ORCL) led the charge with a stunning 5.05% rise, underscoring renewed investor confidence in software infrastructure. These trends hint at potential growth ahead if this momentum carries on.📉 Highlight on SemiconductorsThe semiconductor space had a mixed…