Author: FX
Recapping the news from earlier, ICYMI. US President Donald Trump said Thursday that the U.S. will impose new tariffs beginning Oct. 1, targeting imports ranging from kitchen cabinets and bathroom vanities to heavy trucks and certain pharmaceuticals. The new measures, announced in a series of Truth Social posts, set duties between 30% and 100%.Trump is slamming trucks with another massive tariff, 25% from October 1Trump now slamming kitchens with 50% tariffs! Furniture also 30%Trump to hit branded or patented pharma with 100% tariffsPharmaceutical imports will be exempted if the producer is actively building a manufacturing facility in the U.S. While…
The US economy grew at a 3.8% annualized rate in Q2 2025, according to the third GDP estimate released Thursday. This marked a significant upward revision from the previous 3.3% estimate and the fastest growth pace since Q3 2023. The stronger reading was driven primarily by an upward revision to consumer spending, which accelerated to 2.5% from the previously reported 1.6%. Imports, which are a subtraction in the calculation of GDP, also edged higher from the previous estimates. Key Takeaways from Q2 2025 GDP Report GDP Growth: Q2 real GDP finalized at 3.8% (vs 3.3% previous estimate, 3.0% advance estimate)…
The Simple Scalping System MT4 Indicator is a lightweight trading tool built for short-term traders. It focuses on fast entry and exit points, using a combination of price action and market trends. Unlike complex systems, it doesn’t overload the chart with unnecessary information. Instead, it provides straightforward buy and sell signals that make decision-making easier. Traders who rely on quick moves in forex pairs or commodities find this indicator especially helpful. Why Scalpers Prefer This Indicator Scalping requires speed, accuracy, and focus. Many traditional indicators lag behind the actual price, causing missed opportunities. The Simple Scalping System MT4 Indicator, however,…
Intel is actively pursuing new investment and manufacturing alliances with firms such as Apple and Taiwan Semiconductor Manufacturing Co. (TSMC) to strengthen its turnaround plans. The U.S. government recently acquired a 10% stake in Intel and is pressing other tech companies to work with the chipmaker.SoftBank has already committed $2 billion and Nvidia $5 billion, while CEO Lip-Bu Tan has been aggressively campaigning to secure both financing and customer commitments. Intel’s outreach to potential partners began before President Trump showed interest last month but has accelerated since Washington’s stake was announced, according to people familiar with the matter. Info comes…
The major European indices are all closing lower led by the German DAX with a decline of -0.61%.A snapshot of the closing levels shows:German DAX, -0.61%France’s CAC, -0.41%UK’s FTSE 100 -0.39%Spain’s Ibex -0.27%Italy’s FTSE MIB -0.43%As London/European traders head for the exits, US stocks still remain lower but are well off their lows for the day.A snapshot of the US market currently shows:Dow industrial average -0.08%S&P index -0.31%NASDAQ index -0.24%Russell 2000-0.74%The NASDAQ index opened under pressure, with sellers pushing the price below its 100-hour moving average at 22,244.70. That early break tilted the bias lower, but downside momentum quickly faded.Since…
The Canadian Dollar (CAD) remains under slight pressure on Thursday against the US Dollar (USD) as markets anticipate the release of July’s monthly Canadian Gross Domestic Product (GDP) on Friday at 12:30 GMT.The CAD remains held back by persistent fears about the state of the domestic economy. GDP is expected to rise by 0.1% month-on-month in July following a 0.1% decline in June, which may offer a brief respite for the Canadian Dollar, but is unlikely to be enough to dispel increasing doubts about the country’s economic outlook.GDP under close scrutinyAnalysts are anticipating a modest 0.1% rebound in GDP in…
The British Pound weakens as upbeat US data drives broad-based demand for the Greenback.US GDP revised sharply higher; Jobless Claims and Durable Goods beat forecasts.Attention now shifts to Friday’s Core PCE inflation report, which will provide crucial clues on the Fed’s next moveThe British Pound (GBP) loses ground against the US Dollar (USD) on Thursday, with GBP/USD slipping below the 1.3400 psychological mark as a wave of stronger-than-expected US economic data revives demand for the Greenback.At the time of writing, GBP/USD is trading near 1.3366, falling to levels last seen three weeks ago and down nearly 0.60% on the day.…
Check today’s US markets movements. Source link
Gold slips below $3,750 after stronger US data lifts the Greenback and yields.Q2 GDP revised higher to 3.8% annualized, Durable Goods Orders surge 2.9% in August.Recent Fed remarks highlight a cautious stance, balancing inflation and labor market risks.Gold (XAU/USD) steadies on Thursday after briefly slipping on stronger-than-expected US economic data, as geopolitical risks lend support. Bloomberg reports that European diplomats privately warned Moscow they are prepared to shoot down Russian jets. At the time of writing, XAU/USD is trading around $3,740, holding above session lows as the US Dollar (USD) and Treasury yields remain firm.Initial Jobless Claims came in at…
The US economy expanded at a robust pace in the second quarter.The US Dollar Index clings to strong daily gains above 98.00.The United States’ (US) Gross Domestic Product (GDP) expanded at an annual rate of 3.8% in the second quarter, the US Bureau of Economic Analysis’ (BEA) final estimate showed on Thursday. This reading came in above the previous estimate and the market expectation of 3.3%.”Real GDP was revised up 0.5 percentage point from the second estimate, primarily reflecting an upward revision to consumer spending,” the BEA explained in its press release.Market reactionThe US Dollar (USD) continues to outperform its…