Trump says U.S. will double steel tariffs to 50%
President Trump will hold a rally Friday at a U.S. Steel plant near Pittsburgh, one week after signaling he had cleared a merger with Japan’s Nippon Steel.
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USD/CHF Price Forecast: Gains ground near 0.8200
The USD/CHF pair attracted bids after revisiting a near five-week low around 0.8185 during North American trading hours on Friday. -
Mexican Peso gains as US PCE softens, consumer sentiment in focus
The Mexican Peso (MXN) is strengthening against the US Dollar (USD) in the early hours of the American session on Friday after the release of soft inflation data in the United States, with the pair remaining vulnerable to broader geopolitical risks. -
EUR/USD Daily Outlook
Daily Pivots: (S1) 1.1258; (P) 1.1322; (R1) 1.1432; More… Intraday bias in EUR/USD stays neutral for the moment. On the upside, break of 1.1417 resistance will revive the case that correction from 1.1572 has completed at 1.1064. Retest of 1.1572 should then be seen next. Nevertheless, break of 1.1209 will extend the corrective pattern and […]
The post EUR/USD Daily Outlook appeared first on Action Forex.
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Trump lauds Elon Musk and DOGE at White House farewell
Musk, the Tesla and SpaceX CEO, worked for Trump’s DOGE effort after spending over $250 million helping to get him elected. -
Tech stocks skid as Trump’s aggravation with China, Marvell earnings lead to Friday pullbackUS tech stocks are shedding weight on Friday following several negative news stories. The NASDAQ Composite has given up as much as 0.9%, while the Dow Jones Industrial Average (DJIA) is slightly positive.
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Silver Price Forecast: XAG/USD strives to hold $33 amid renewed Sino-US trade worries
Silver price (XAG/USD) is down almost 1% near the key level of $33.00 during North American trading house on Friday. However, the white metal strives to gain ground as renewed trade tensions between the United States (US) and China are limited the upside in the US Dollar (USD). -
United States Wholesale Inventories came in at 0% below forecasts (0.4%) in April
United States Wholesale Inventories came in at 0% below forecasts (0.4%) in April -
United States Personal Consumption Expenditures – Price Index (MoM) meets expectations (0.1%) in April
United States Personal Consumption Expenditures – Price Index (MoM) meets expectations (0.1%) in April -
United States Personal Consumption Expenditures – Price Index (YoY) came in at 2.1%, below expectations (2.2%) in April
United States Personal Consumption Expenditures – Price Index (YoY) came in at 2.1%, below expectations (2.2%) in April
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