Monthly Archives: March 2025
US stock markets declined sharply after a brief rally, led by significant losses in Intel and Tesla.
Written on March 5, 2025 at 1:05 am, by anakin
US stocks fell late, erasing earlier recovery. Dow dropped most, while Google gained despite broader declines.
The US President has pledged to raise tariffs on Canada following its trade retaliation.
Written on March 5, 2025 at 12:41 am, by anakin
Trump to impose reciprocal tariffs on Canada, escalating trade tensions and economic challenges early in his second term.
Hassett argues that resolving the fentanyl crisis would lead to tariff resolution, emphasising drug issues over immigration.
Written on March 5, 2025 at 12:35 am, by anakin
Kevin Hassett links the fentanyl crisis to border issues, urging Canada and Mexico to address drug challenges urgently.
Developments in the tariff dispute caused intraday weakness for the US Dollar Index, dropping below 106.00.
Written on March 5, 2025 at 12:11 am, by anakin
The US Dollar declined as tariffs were announced, economic data weakened, and markets shifted towards safe-haven assets.
Amid tariffs affecting trade, the Pound continues to rise against a weakening US Dollar.
Written on March 4, 2025 at 11:41 pm, by anakin
GBP rises to 1.2708 as USD weakens; UK inflation concerns grow; Fed speeches and Trump monitored closely.
The Nasdaq returned to parity while Treasury yields increased; optimism about a trade war emerged.
Written on March 4, 2025 at 11:35 pm, by anakin
Market activity suggests easing trade tensions; Nasdaq down 0.2%; Treasury yields rise; WTI crude trims losses.
Shaun Osborne from Scotiabank observes that GBP’s rise is mainly due to USD’s general weakness.
Written on March 4, 2025 at 11:11 pm, by anakin
GBP strengthens as USD weakens, targeting 1.28 with support at 1.2715 and 1.2675/80 amid growing momentum.
Ted Cruz expressed hope that Trump’s tariffs won’t persist for long, benefiting Texas trade with Canada and Mexico.
Written on March 4, 2025 at 11:05 pm, by anakin
Ted Cruz hopes tariffs are temporary, emphasizing Texas trade with Mexico and Canada while supporting Trump’s intended outcomes.
According to Scotiabank, the EUR’s appreciation continues amidst a weaker USD and rising European defence expenditure.
Written on March 4, 2025 at 10:41 pm, by anakin
The EUR strengthens as USD weakens, with bullish momentum targeting the 1.0650/1.0750 range and 200-day average.
After a dip due to tariff reports, the Canadian Dollar recovers and performs relatively well.
Written on March 4, 2025 at 10:11 pm, by anakin
The Canadian Dollar recovers, supported by a softer US Dollar and narrowing US/Canada 2Y spreads amid tariff concerns.