Author: FX

The trading day began on a sour note—or a strong one, depending on your stance on tariffs—after former President Trump announced via social media that he would impose a 25% tariff on Apple products not manufactured in the U.S. The market responded swiftly: Apple shares declined for a seventh straight session, falling from a peak of $213.94 on May 14 to $195.27 today, a drop of -8.73%.Trump didn’t stop there. In a follow-up post, he proposed a flat 50% tariff on the European Union, set to begin June 1. Later in the day, he reaffirmed his position, stating, “I’m not…

EUR/USD dips to 1.1296 after Trump announces steep tariffs on EU imports starting June 1.The pair rebounds to 1.1350 as US Dollar stays pressured by rising fiscal deficit concerns.Euro shrugs off ECB rate cut talk, supported by improving German GDP figures.EUR/USD recovered during the mid-North American session on Friday after diving below 1.1300 after US President Donald Trump rattled the markets by threatening to impose 50% tariffs on the European Union (EU). At the time of writing, the pair recovered and climbed to around 1.1350US President Donald Trump posted on his social network early Friday that discussions with the European…

XAU/USD rallies as Trump warns of 50% tariffs on EU imports, escalating trade war and boosting safe-haven demand.The US House passes a $4 trillion debt-heavy budget, with the Senate vote and inflation data in focus.Talks on Ukraine and Iran ease geopolitical stress, but markets remain risk-averse.Gold’s price uptrend resumed on Friday, with the yellow metal rising close to 2% daily and 5% in the week, as the US Dollar (USD) weakened further after US President Donald Trump escalated the ‘trade war’ with the European Union (EU). This and investors’ woes regarding the US fiscal stance propel bullion prices higher, with…

The Franc surges nearly 1% as Trump’s tariff threats trigger risk aversion and deepen the US Dollar’s slide.USD/CHF breaks below 0.8250, nearing key support at May’s low of 0.8184.Bearish flag breakdown points to a possible test of the 2025 low at 0.8038.Traders pile into Swiss Franc as US protectionism and fiscal risks spook markets.USD/CHF continues to weaken as the downtrend extends past 0.8250, as the pair loses almost 1%. Investors seeking safety bought the Swiss Franc (CHF) after US President Donald Trump threatened to enact tariffs of 50% on the European Union (EU) and 25% on Apple’s iPhone manufactured overseas.…

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GBP/USD surges past 1.3500 to a three-year high on strong UK Retail Sales, weak US Dollar The British Pound (GBP) rises sharply against the US Dollar (USD) to its highest level in three years on Friday. The pair has broadly traded on the front foot over the last five days, with GBP/USD breaking above 1.3500 to trade around 1.3538, up nearly 0.80% at the time of writing during the American session. The surge in spot prices is mainly attributed to a broad-based weak US Dollar and a stronger-than-expected United Kingdom’s (UK) Retail Sales data. Read More…   Pound Sterling advances…

10-year yield falls to 4.51% as investors flee US assets amid rising protectionist risks.Trump targets iPhones made abroad and threatens 25% tariffs on Apple products.Moody’s downgrade, $3.8T tax bill, and EU trade tensions intensify fiscal and inflationary fears.US Treasury yields fall across the whole curve following Trump’s threats to impose tariffs on Apple’s iPhones not manufactured in the US and duties on European imports. At the time of writing, the US 10-year Treasury note yield is down two basis points at 4.509%.Treasury yields dip across the curve as Apple and EU tariff threats deepen concerns over trade war and US…

The Dow Jones fell on Friday, shedding 780 points at its lowest.Relief from tariff threats is over as the trade policy cycle begins anew.Markets pared back downside bets after investors remembered the odds of a tariff walkback remain high.The Dow Jones Industrial Average (DJIA) saw stiff losses during the Friday market session The major equity index declined 780 points top-to-bottom and tapped 41,200 before a slow crawl back to the 41,750 region. United States (US) President Donald Trump sent markets into a backslide after announcing his intent, or at least desire, to impose import taxes on a specific company, the…

It doesn’t sound like the US and EU make a quick deal on trade that will drop the 50% tariffs that Trump recommended today and to go into effect on June 1.The US is fully engaged and committed to securing a deal that works for both EU commission remains ready to work in good faithEU-US trade is unmatched and must be guided by mutual respectIt’s tough to tell which way this is going to go but at least Sefcovic didn’t go full-China style and announce immediate retaliatory tariffs — though there’s an argument that’s the optimal strategy. This article was…

The Mexican Peso is trading below 19.30, influenced by risk sentiment affecting emerging market (EM) currencies, even amid a weaker US Dollar. Trump’s tariff threats against the EU demonstrate growing trade tensions and an unpredictable global growth outlook.The USD/MXN has been unable to overcome Moving Average resistance. The Mexican Peso (MXN) remains steady against the US Dollar (USD) despite US President Donald Trump’s threat of sweeping tariffs on the European Union (EU).At the time of writing, USD/MXN is trading below the key psychological level of 19.30, with traders digesting developments out of Mexico and the United States.Recession fears rise on Trump’s…