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US sentiment slump means trade deals can’t come quickly enough
Financial markets have bounced back after the chaos and confusion of 'Liberation Day', on optimism that trade deals will be signed and tax cuts will be agreed. But the collapse in economic sentiment suggests these agreements need to materialise quickly to prevent a downturn. Sentiment sours on trade
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EUR/GBP Price Analysis: Euro holds steady near 0.8500 as mixed signals persist
EUR/GBP trades near the 0.8500 zone after a quiet Wednesday session.Overall tone remains bullish, supported by longer-term averages despite mixed short-term signals.Support levels hold just below, while resistance aligns closely overhead. The EUR/GBP pair remained relatively flat on Wednesday, hover
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FOMC Fireworks: Powell’s Next Move Could Ignite Your Trades
FOMC Preview: Will the Fed Hold or Hike? The Federal Open Market Committee (FOMC) meeting on May 6-7, 2025, is looming, and traders are on edge. With the Fed expected to hold the federal funds rate at 4.25%–4.50%, the real action will come from Chair Jerome Powell&r
- KarimElBawab :Missed that
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US GDP shrinks, as imports surge, but it is not as bad as it seems
US GDP data was weaker than expected for last quarter. The US economy experienced a sharp slowdown, as expected, and growth contracted by 0.3%, vs. a 0.2% decline anticipated by analysts. However, the headline figure only tells us so much, digging a bit deeper into this report gives us a more rounde
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Port of Los Angeles says shipping volume will plummet 35% next week as China tariffs start to bite
Shipments from China to the West Coast of the U.S. will plummet next week as the impact of President Donald Trump's tariffs leads companies to cut their import orders. Gene Seroka, executive director of the Port of Los Angeles, said Tuesday on CNBC's "Squawk Box" that he expects incoming cargo volum
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