U.S. to Scrap Reciprocal Tariffs on 1,675 Argentine Products
The United States has announced the removal of reciprocal tariffs on 1,675 products imported from Argentina, aiming to enhance bilateral trade relations. This move is expected to boost economic ties and increase trade flows between the two countries.
EUR/USD Sell-Off Stalls as Shorter-Term Head and Shoulders Brews
The European Central Bank rate decision hasn't shown much impact for price yet, although if reading between the lines there has been a slight build of higher-lows as the sell-off that came into this week has suddenly stalled.
White House Has No Timeline for South Korea Tariffs, Says Press Secretary
White House Press Secretary Leavitt stated that there is currently no set timeline for implementing tariffs on South Korea. This indicates ongoing uncertainty surrounding trade policy decisions affecting US-South Korea relations.
Silver shudders, XAG/USD tumbles 13% as metals rout continues
Silver shudders, XAG/USD tumbles 13% as metals rout continues
Bank of Canada Governor Highlights Permanent Canada-U.S. Trade Challenges and China's Unsustainable Trade Surplus
Bank of Canada Governor Macklem states that structural headwinds in Canada-U.S. trade are permanent due to fundamental fractures. He also warns that China's large trade surplus is unsustainable but not an urgent issue, noting China's successful diversification of trade towards Asia and Europe.
Japanese Yen Forecast: USD/JPY Bulls Charge after Sharp Selloff- Resistance Back in Focus
USD/JPY has mounted a sharp rebound following a steep selloff, recovering from key structural support defined by prior multi-year swing highs and major retracement levels. The snap-back rally has been swift, carrying price back toward a critical resistance zone that has repeatedly capped upside attempts in recent months.
Macklem Anticipates Collaboration with Warsh, Highlights Impact of Fed Predictability on U.S. Rates
Bank of Canada Governor Macklem expressed eagerness to work with new Fed official Warsh and cautioned that a less predictable Federal Reserve could influence U.S. interest rates, including the 5-year Treasury, with worldwide repercussions.
Gold slides nearly 2% as US Dollar strength triggers fresh liquidation
Gold slides nearly 2% as US Dollar strength triggers fresh liquidation
Saudi Arabia Adjusts March Arab Light Crude Oil Prices for Key Markets
Saudi Arabia has set the March official selling price (OSP) for Arab Light crude oil flat to Oman/Dubai benchmarks for Asia, reduced prices to Northwest Europe by $0.65 per barrel against ICE Brent, and increased U.S. prices by $2.10 per barrel versus ASCI. These adjustments reflect strategic pricing to balance regional demand and market conditions.
Trump Emphasizes Strong US-Japan Relations and Trade Deal Progress
Former President Trump highlighted the robust ties between the US and Japan, noting advancements in a significant bilateral trade agreement. He also confirmed plans to host Japanese politician Takaichi at the White House on March 19.