GhulamRasool

Wall Street Journal reported on Wednesday that the White House was considering slashing tariffs on Chinese goods to de-escalate the trade conflict, per Reuters. Citing one senior White House official, the news outlet said that tariffs on imports from China were likely to come down to between roughly

Gold prices (XAU/USD) remain strong at the beginning of the week. The yellow metal is trading near the historic $3,500 level. Investors are increasingly turning to gold due to rising fears of a US recession. This fear comes from US President Donald Trump’s harsh international trade policies. His bac

Trading in the financial market involves buying and selling financial instruments such as stocks, currencies, commodities, or cryptocurrencies to make a profit. Unlike investing, which focuses on long-term wealth accumulation, trading involves taking advantage of short—to medium-term price movements

Hello traders and welcome to another 'blue box' blog post. In a blog post like this, we discuss most recent trade setups that the Elliottwave-Forecast members took. The spotlight will be on the GBPCAD again in this post. In the last update on GBPCAD, we discussed a bullish trade setup from the

USD/JPY sees more downside below 142.00 dur to significant weakness in the US Dollar.US President Trump aims to reduce dependency on China for vital minerals.Investors await Fed Powell’s speech and the Japan’s National CPI data for March. The USD/JPY pair struggles to hold the key support of 142.00

The US trade negotiations between the US and the EU aren’t going well, China doesn’t even want to talk. Both US and China now deploy measures other than tariffs to fight each other as Nvidia and Boeing are left in the crossfire. China announced that they will not buy Boeing and Trump administration

On Wednesday, China’s Foreign Ministry urged the US to stop threats and blackmail. “If US wants to solve issues through dialogue, it should stop exerting maximum pressure,” the Ministry added. Market reaction At the time of writing, AUD/USD is off the highs, still up 0.23% on the day, trading neat 0

On the radar Industrial output declined in Romania by -3.2% y/y in February. Inflation rate in Slovakia in March reached 4% y/y. At 10 and 11 AM CET, Poland and Croatia will publish final inflation numbers in March. There are no other releases scheduled. Economic developments Last week, Eurostat rel

The European Union will pause the adoption of its retaliatory tariffs on a swathe of U.S. goods for 90 days, European Commission President Ursula von der Leyen said, a day after the White House issued a reprieve on most of its own levies. On Wednesday, EU members voted in favor of the package, which

Downward momentum has increase slightly; Australian Dollar (AUD) is likely to edge lower but is unlikely to reach 0.5870 vs US Dollar (USD). In the longer run, further declines are not ruled out; given the deeply oversold conditions, it is unclear if AUD can reach the next support at 0.5870, UOB Gro