U.S. SECRETARY OF STATE CALLS FOR CONTINUED NEGOTIATIONS ON CUSTOMS TARIFFS
The U.S. Secretary of State emphasized the importance of ongoing negotiations to address customs tariffs. This move aims to alleviate trade tensions and potentially impact international trade policies.
ZELENSKY CALLS FOR STRONGER SANCTIONS AND AWAITING APPROVAL OF NEW MEASURES TO PRESSURE RUSSIA
Ukrainian President Zelensky has urged for the strengthening of sanctions against Russia and is awaiting approval of a new set of measures aimed at increasing economic pressure. These actions are intended to intensify the response to ongoing conflicts involving Russia.
GERMAN LAWMAKERS APPROVE 46 BILLION EURO TAX REDUCTION PLAN
German lawmakers have given final approval to a significant tax reduction plan worth 46 billion euros. This move is expected to boost economic growth and consumer spending within Germany. The decision may influence the euro's value in the foreign-exchange market.
USD/JPY Climbs as Yen Struggles Amid Trade Tensions
On Friday, the USD/JPY pair advanced to 146.93, marking a three-week high as the US dollar continued to strengthen against a backdrop of escalating global trade tensions.
ECB'S PANETTA SAYS OFFICIALS TO REMAIN FLEXIBLE AND PRAGMATIC
ECB Executive Board member Panetta emphasized that policymakers will maintain a flexible and pragmatic approach in their decisions. This stance suggests ongoing adaptability in monetary policy amid economic uncertainties.
ECB IN A GOOD PLACE TO CAREFULLY WEIGH NEXT MOVES: PANETTA
European Central Bank Executive Board member Fabio Panetta stated that the ECB is currently well-positioned to carefully evaluate its upcoming policy decisions. This cautious approach suggests a measured stance on interest rates and monetary policy adjustments.
US Dollar Forecast: Rises as 35% Canada Tariff and Strong Jobs Data Lift DXY – GBP/USD and EUR/USD
Tariff-driven inflation concerns boost dollar; technicals point to bearish setups in GBP/USD and EUR/USD amid Fed rate pause expectations.
SAUDIS BOOST OIL PRODUCTION WELL ABOVE OPEC+ QUOTA IN JUNE, SAYS IEA
The International Energy Agency reports that Saudi Arabia increased its oil production significantly above the agreed OPEC+ quota in June. This move could impact global oil supply dynamics and influence energy markets worldwide.
ECB'S SCHNABEL SAYS RISKS TO GROWTH OUTLOOK ARE MORE BALANCED
European Central Bank Executive Board member Isabel Schnabel stated that the risks to the economic growth outlook have become more balanced, indicating a shift in the ECB's assessment of economic conditions. This perspective may influence future monetary policy decisions and impact currency markets.
Gold (XAUUSD) & Silver Price Forecast: Bullish Triangle Break Hints at $3,382 Gold Target
Gold breaks triangle pattern near $3,345, targeting $3,382, as silver eyes $38 on bullish momentum and technical breakout.