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.

Markets Today: Switzerland Hit with 39% Tariff, Global Stocks Slide, FTSE 100 Eyes Support at 100-day MA. NFP Up Next

Today's market update: Switzerland hit with a 39% tariff, causing global stocks to slide. The FTSE 100 is eyeing support at its 100-day moving average. Investors are keenly awaiting the upcoming Non-Farm Payrolls (NFP) data for further market direction. Asian markets are experiencing their worst week since April due to new US tariffs. European markets remain steady.

01-08-2025 08:48 GMT by Zain Vawda

USD/CHF Technical: Swiss franc’s medium-term bearish trend in progress

The Swiss franc continues to weaken, hitting a fresh low against the US dollar as US tariffs on Swiss goods jump to 39%. This sharp escalation threatens Switzerland’s export-driven economy and may push the SNB to adopt a more dovish stance. With USD/CHF breaking out of its downtrend and momentum indicators staying strong, technical signals point to further upside potential in the near term. Traders now eye 0.8215/8250 and 0.8350/8380 as next resistance zones.

01-08-2025 08:20 GMT by Kelvin Wong