Crude price falls further on increased output, trade war escalation
WTI oil extends steep fall from Monday’s $70.58 lower top and hit the lowest in nearly three months on Tuesday.
A number of factors continue to weaken oil’s sentiment, with the latest decision of OPEC+ group to proceed with planned…
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Tariffs on Canada Mexico and China imports escalate trade war
On March 4, 2025, the United States implemented significant tariffs affecting imports from Canada, Mexico, and China, marking a notable shift in international trade relations.
US Tariff Measures:
Canada and Mexico: A 25%…
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Eurozone inflation ticks lower in February, adds to signals of another ECB rate cut
Eurozone inflation slowed to 2.4% in February from 2.5% in January, slightly disappointing expectations at 2.3%, while so-called core inflation, which excludes the most volatile food and fuel price components, eased to 2.6% in February from…
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Bitcoin – sentiment improves as Trump names cryptos in strategic reserve
Bitcoin price eased in early Monday after surging over 10% over the weekend, as the crypto market exploded on latest comments from President Trump that five digital assets will be included in US strategic reserves, with bitcoin to be in the…
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Gold – extended pullback approaches key $2813/00 support zone
Gold remains in red for the fourth straight day and hit the lowest levels in three weeks on Friday.
The yellow metal is also on track for a weekly loss of 3% and the first bearish week after nine consecutive weeks of gains, while the…
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Bitcoin tumbles below 80K on risk aversion wave
Bitcoin was the top loser on Friday following over 6% drop during Asian and early European trading.
The biggest crypto currency remains under increased pressure, mainly due to broader risk aversion, driven by the US tariff policies which…
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Gold – extension below $2900 to mark healthy correction ahead of fresh push higher
Gold price dips below important support at $2900 where the price action showed hesitation in past two days, but initial negative signal from double downside rejection and long tails of daily candles, is likely to be offset by fresh drop…
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German consumer sentiment weakens below expectations in March – GfK
The data from German GfK market research institute released on Wednesday, showed that German consumer sentiment fell to -24.7 points in March from -22.6 points previous month and disappointed forecast at -21.4 points.
Weaker than…
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WTI oil falls below $70 per barrel as tariff concerns further sour the sentiment
WTI oil price fell below psychological $70 support on Tuesday and hit the lowest levels in two months.
Oil was down nearly 3% on renewed fears about the global economy and lower demand after the latest economic data showed that German…
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US consumer confidence falls sharply in February
The US consumer confidence index dropped to 98.3 in February, declining from January’s upwardly revised 105.3 and strongly undershooting consensus at 102.7.
February fall was the biggest since August 2021 and hit the lowest since June…
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