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: Japans Nominal Wage Hits Four-Month High, European Shares Advance, DAX Back at Crucial 24000 Level

Global markets overview: Japan's wages hit 4-month high; European shares advance, DAX at 24000. US tariff threats loom for India and China. Discusses technicals for DAX, Nikkei, Gold, and Oil, with client sentiment data for DAX.

06-08-2025 09:30 GMT by Zain Vawda

EUR/USD Technical: Poised for a minor bullish breakout in euro strength

The euro staged a sharp rebound against the US dollar on 1 August, gaining 1.5% after weaker-than-expected US jobs data halted a week-long decline. Since 4 August, EUR/USD has traded in a narrow range, as markets digest rising stagflation risks and await President Trump’s Fed nomination. Technical indicators suggest a potential bullish breakout, with support at 1.1520 and resistance at 1.1600 and 1.1680/1705.

06-08-2025 06:37 GMT by Kelvin Wong