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.

USD/JPY: Bearish technical factors supported by unwinding of Trump Trade

USD/JPY gapped down in today, Asian opening session and shed -0.9% intraday. The current intraday weakness in the USD/JPY has moved in line with the thinning of Trump winning odds over Harris in the US presidential election as it slipped to 53.8% on Sunday based on data from betting market (Polymarket).

04-11-2024 05:28 GMT by Kelvin Wong

Gold Technical: Bullish acceleration in progress reinforced by “Trump Trade”

Republican president nominee Donald Trump prospect of winning the White House has increased in the past week based on data from betting markets. Resurgence of “Trump Trade” narrative has triggered a positive feedback loop into Gold (XAU/USD). An increase in tail-risk hedging activities also led to higher demand for Gold (XAU/USD). Watch the US$2,590 key medium-term support on Gold (XAU/USD)

22-10-2024 04:08 GMT by Kelvin Wong