Trade Wars 2.0 - news and analysis

The second presidency of Donald Trump initiated escalation of tariffs that triggered significant financial movements. These actions may to increased costs for businesses and consumers, disrupted supply chains, and created market uncertainty. Retaliatory tariffs from affected nations can further strain global trade, impacting economic growth and prompting concerns about long-term financial stability.

Gold's (XAU/USD) Whipsaw Price Action a Sign that Bulls are Back at the Table. $3400/oz Up Next?

Gold (XAU/USD) shows whipsaw action, driven by US data and Fed rate cut expectations. The US ISM Services PMI dropped, boosting rate cut bets and supporting gold's recovery. With an 88% probability of a September rate cut, gold is poised for further gains. Technical analysis suggests potential upside if gold holds above $3300/oz. Client sentiment leans long, but its a close call. A sign of indecision?

05-08-2025 15:37 GMT by Zain Vawda

Eurozone, US Services PMI lower than expected

Business activity remains weak in both the eurozone and the US. Eurozone Services PMI rose slightly in July to 51.0, up from 50.5 in June. In the US, the ISM Services PMI softened to 50.1, down from 50.8 in June. This points to stagnation in the services sector.

05-08-2025 15:30 GMT by Kenneth Fisher