Saudi Arabia's Public Investment Fund and U.S. Export-Import Bank Sign $15 Billion MOU
Saudi Arabia's Public Investment Fund and the U.S. Export-Import Bank have signed a memorandum of understanding valued at up to $15 billion to enhance bilateral investment and trade cooperation. This agreement aims to facilitate financing for U.S. exports and strengthen economic ties between the two countries.
EUR/USD's Double Top, Why the Slide Will Continue And What to Do About It
EUR/USD has extended its decline after forming a notable double-top pattern, with the ECB's latest rate decision strengthening the bears.
Gold gains despite firm US Dollar
Gold gains despite firm US Dollar
US Dollar Breaks Bull Flag Into FOMC: EUR/USD, USD/JPY, GBP/USD
The FOMC rate decision in June is what finally helped USD bulls to take a big step forward and from the weekly chart, that move is still quite evident although it started to stall shortly after running into the Fibonacci level at 101.80.
U.S. Small Businesses Sue Over Trump’s New 'Forced Labor' Tariffs
Several U.S. small businesses have filed a lawsuit challenging the recently implemented tariffs linked to 'forced labor' allegations. The legal action argues that the tariffs unfairly impact their operations and trade practices.
Silver Price Forecast: XAG/USD consolidates as bulls struggle to clear the 21-day SMA
Silver Price Forecast: XAG/USD consolidates as bulls struggle to clear the 21-day SMA
Gold (XAUUSD), Silver, Platinum Forecasts – Gold Rebounds As Oil Prices Pull Back
Gold and silver are moving higher as traders focus on falling Treasury yields.
Two Counterparties Take $675 Billion at Fed Reverse Repo Operation
In the latest Federal Reserve reverse repurchase agreement operation, two counterparties absorbed a total of $675 billion. This significant uptake reflects ongoing liquidity management efforts by the Fed to control short-term interest rates.
Trump Vows Retaliation Against EU Over Multibillion-Dollar Fines on US Tech Giants
Former President Trump criticized the European Union for imposing hefty fines on major American companies like Apple, Meta, Amazon, and Google, labeling the actions as illegal and discriminatory. He announced plans to initiate a 301 trade investigation and hinted at imposing substantial tariffs on the EU in response. Trump framed the EU's actions as unfairly targeting the US and promised a reversal of the penalties under his administration.
Trump Condemns EU Fines on US Tech Giants, Threatens Tariffs
Former President Trump criticized the European Union for imposing hefty fines on major American tech companies like Apple, Meta, Amazon, and Google, labeling the actions as illegal and discriminatory. He announced plans to initiate a 301 investigation and warned of potential tariffs against the EU to protect American interests. The dispute highlights ongoing tensions between the US and EU over regulatory actions against US firms.