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Trump extended the tariff truce with China, which was set to expire today, by 90 more days, announced that gold will finally not be tariffed, and confirmed that Nvidia and AMD will pay the US government a 15% cut of their Chinese sales. One emerging issue is that China doesn’t want companies to buy Nvidia’s […]

The post Tariffs, Gold, Chips, and Inflation appeared first on Action Forex.

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US July Inflation Numbers Lead Today’s Agenda

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Dollar Lost Out Against Euro

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10/07/2024

UK Data Eyed as Pound Celebrates Labour Win

Monthly GDP and production figures for June on tap Strong data might hurt August rate cut expectations Pound flirts with $1.28 ahead of Thursday’s release (06:00 GMT) Uptick in GDP expected The UK economy got off to a solid start this year, emerging strongly from a technical recession in the second half of 2023. GDP […]
01/10/2024

Crypto’s Step Back for Acceleration

Market picture The cryptocurrency market shed a further 0.7% of its capitalisation in 24 hours to $2.26 trillion, coinciding with a strengthening of the dollar and a short-term fixation in gold as markets reacted to Powell’s hints that the Fed would prefer 25-point rather than 50-point cuts. The confident momentum in equity indices suggests that […]
08/04/2025

Sunset Market Commentary

Markets Core bonds lost ground today. Bunds underperformed US Treasuries, switching places with yesterday. The moves’ sizes differ from Monday too. The violent intraday swings back then made way for a steady and solid rise in German rates with gains varying between 4.4 and 9 bps in a bear flattening move. The jury’s still out, […]