US Dollar Index Rises Above 97.50 as Trump Unveils New Tariffs
The US Dollar Index (DXY) climbed to around 97.80 during early Asian trading on Friday, gaining momentum after former President Donald Trump announced sweeping new tariffs targeting key trade partners. On Thursday, Trump revealed a 35% tariff on Canadian imports effective August 1, warning that these levies are separate from sector-specific duties and could increase […]
EUR/JPY Forecast: Bullish Momentum Intact Above 171.50, But Overbought RSI Flags Caution
EUR/JPY continues its upward trajectory, trading near 171.65 during early European hours on Friday. The Japanese Yen (JPY) shows relative weakness against the Euro (EUR) as expectations diminish for a Bank of Japan (BoJ) rate hike this year, largely due to concerns over the economic impact of heightened U.S. tariffs. From a technical standpoint, the […]
WTI Crude Falls Below $66 Amid Rising Supply Fears and Tariff Tensions
West Texas Intermediate (WTI) crude oil slipped to around $65.75 during early Asian trading on Friday, pressured by mounting concerns over rising supply, unexpected inventory builds in the U.S., and renewed tariff threats. Crude prices came under pressure after OPEC+ agreed on July 6 to boost collective production by 548,000 barrels per day (bpd) starting […]