President Trump’s new tariff hikes on Canada, Switzerland, and copper imports are taking center stage, overshadowing his push to reduce drug prices.
Japanese Yen (JPY) regained ground after a four-day losing streak, benefiting from the BoJ’s slightly hawkish tone and overall market caution.
Global markets are showing routine caution ahead of today's Federal Open Market Committee (FOMC) monetary policy announcements.
After initial optimism about the U.S.-EU trade ‘framework’ agreement, market players re-evaluated the EU’s response and scaled back earlier positive bias.
The US-EU agreement on a trade 'framework,' combined with hopes for a 90-day extension of the US-China tariff pause, brings cautious optimism to the markets.
Gold prices drop for the third straight day, extending their pullback from the $3,435 resistance toward the key $3,341 support.
Risk sentiment remains slightly positive early Thursday, despite mixed trade headlines and caution ahead of key events.
Market sentiment is slightly positive early Wednesday as traders welcome the US-Japan trade deal after much drama.
Monday was a less volatile day for global markets, marked by limited economic activity due to Japan’s market holiday and fewer data releases.
Traders remain mostly inactive as Japan’s holidays and the pre-Federal Open Market Committee (FOMC) blackout period keep market moves subdued despite weekend news.
Strength in the dollar is weighing on gold prices, which are testing key support near $3,315 and are also set for their first weekly loss in three weeks.
Markets remain volatile early Thursday, following a highly turbulent day influenced by Trump’s actions, US Producer Price Index (PPI) data, and geopolitical developments.
