DOW FUTURES DROP OVER 400 POINTS AMID WALL STREET VOLATILITY Dow futures drop 402 points, or 0.9%, as trade tensions rise. S&P 500 and Nasdaq-100 futures both lose more than 1%. Investors remain cautious amid ongoing market volatility.
Bitcoin Price Drop: Bitcoin's price fell by 5%, reaching $85,000 on Monday. Reason for Drop: Investors are worried about US trade policies and economic data (Non-Farm Payrolls). Upcoming Event: The White House is holding a Crypto Summit soon. Trump’s BTC Policy: President Trump confirmed a new
US AUTO STOCKS RISE AFTER TARIFF EXEMPTION White House grants a one-month tariff exemption for US automakers. Stocks rise: Stellantis +8.25%, GM +5.7%, Ford +4.6%. The exemption follows talks with President Trump to avoid higher costs and supply chain disruptions. Tariffs will take effect on April 2,
The Australian Dollar (AUD) is weak against the US Dollar (USD) for the second day. The AUD/USD pair stays down after China’s Trade Balance data was released. Traders are now waiting for the US jobs report (Nonfarm Payrolls) later in the day.
GOLD PRICE RETREATS FROM ONE-WEEK HIGH Gold pulls back as risk-on sentiment rises. Trade war fears, Fed rate cut bets, and a weak USD could support gold. Traders await US NFP report on Friday. US tariff concessions boost risk appetite, pulling flows away from gold. Gold holds above $2,900
PBOC SETS USD/CNY REFERENCE RATE AT 7.1705 PBOC sets the USD/CNY reference rate for today at 7.1705, stronger than the estimated 7.2406. The PBOC sets the yuan's midpoint daily, allowing it to fluctuate within a +/- 2% band. The managed floating exchange rate
USD/JPY is weak – The exchange rate is near its lowest since October. US Dollar is struggling – Investors think the US Federal Reserve (Fed) may cut interest rates multiple times in 2025 due to slower economic growth. Japanese Yen is stronger – The Bank of Japan (BoJ) has a hawkish (strict)
AUD/USD stays strong around 0.6335 in the Asian session on Friday. Traders are waiting for the US NFP report for more direction. Weak US economic growth increases chances of Fed rate cuts, keeping the USD low. This helps AUD/USD stay higher, but concerns over tariffs make traders
GOLD RISES ON DOLLAR WEAKNESS Gold edges higher as the U.S. dollar pulls back. Investors await U.S. non-farm payrolls data later this week to gauge the Federal Reserve’s interest rate path. Global trade tensions continue to weigh on market sentiment.
The European Central Bank (ECB) is likely to cut interest rates by 0.25% on Thursday. This is because economic growth in Europe is slowing down. People will watch ECB’s new economic forecasts and what President Christine Lagarde says. The EUR/USD currency pair may become very volatile after
BANK OF ENGLAND GOVERNOR WARNS OF RISING INFLATION BoE Governor Bailey warns inflation will rise but not to past levels due to economic weakness. Chief Economist Bell sees no immediate rate cuts; cuts will depend on inflation progress. Megan Green advocates a cautious, gradual approach to policy. UK inflation expected
US OIL INVENTORIES WORSE THAN EXPECTED US oil inventories show a significant increase for the week ending February 28. Data from the US Energy Information Administration (EIA) comes in worse than market expectations. The unexpected rise in inventories impacted global oil prices negatively.