Beneath Bitcoin’s 5% surface decline lies worrying technical damage that suggests further downside for cryptocurrency investors. Our analysis reveals three critical breakdowns: “These are classic risk-off metrics,” noted Glass node lead analyst James Check. “The market needs to hold 80K or risk a full retest of summer lows at 72K.”
Asian currencies suffered their worst collective decline since the 2020 pandemic Thursday, with China’s yuan leading losses as Trump’s tariff proposals sparked a region-wide flight to safety. Currency Moves: Central Bank Responses: “The currency market is signaling that these tariffs would be catastrophic for Asian exporters,” said Standard Chartered FX strategist Eddie Cheung. “We’re seeing […]
Chinese trade officials have activated Operation Ruyi – an aggressive campaign to redirect $200 billion of US-bound exports to emerging markets. Leaked Commerce Ministry documents reveal: Key Targets: Implementation Tools: Sector Impacts: “China is playing chess while America plays checkers,” noted CSIS analyst Scott Kennedy. “They’re executing a decade-long diversification plan in 18 months.”
America’s retail giants are engaging in their most dramatic supply chain overall in a decade as 25% tariffs on Asian imports force radical strategy shifts: Walmart’s Three-Pronged Approach: Target’s Countermove: Amazon’s Marketplace Revolution: Financial Fallout: Industry Insight:“This isn’t just about tariffs – it’s a fundamental reshaping of global retail,” explains Harvard Business School professor James […]
European luxury stocks entered bear market territory Thursday as Trump’s expanded tariff list hit high-end consumer goods. The sector index plunged 4.3%, its worst day since pandemic lockdowns, with particular pain for: The new 15% tariffs specifically target French champagne, Italian leather goods, and Swiss watches – products that derive nearly 40% of global sales […]
A brutal tech selloff swept through Asian markets Thursday, wiping out nearly $150 billion in market value from regional tech giants. The bloodletting was led by semiconductor stocks after NVIDIA’s weak guidance sparked contagion fears across the sector. Sector Highlights: “The chip sector domino effect is worrying because it’s hitting both cyclical and defensive tech […]
President Donald Trump has announced a staggering 30% tariff on Chinese steel and aluminum imports, a move aimed at revitalizing the struggling U.S. metals industry. The decision, which comes amid rising tensions between Washington and Beijing, has drawn mixed reactions from industry leaders and policymakers. The tariffs, effective immediately, are expected to provide a boost […]
Copper, widely recognized as ‘Dr. Copper’ for its knack for forecasting economic shifts, is currently witnessing a remarkable price rally. This rise is driven by factors such as former President Trump’s proposed tariffs, rising U.S. premiums, and growing demand from industries like electric vehicles (EVs), construction, and technology. Key Drivers of Copper Prices: Top Copper […]
Shares of leading Asian automakers tumbled for a second straight session following former President Donald Trump’s latest comments on imposing steep tariffs on foreign-made vehicles. Companies like Nissan, Kia, and Subaru saw declines of up to 3% as traders braced for potential disruptions in U.S. trade relations. Trump, who has previously advocated for aggressive trade […]
European markets are poised for a bullish opening on Monday, with key indices expected to rise. IG forecasts indicate the FTSE 100 will open 14 points higher at 8,667, while Germany’s DAX could jump 83 points to 22,966. France’s CAC 40 is likely to gain 9 points, and Italy’s FTSE MIB may surge by 171 […]