Crypto traders remain on standby as political tension heats up between former U.S. President Donald Trump and Federal Reserve Chair Jerome Powell, injecting fresh uncertainty into the financial landscape. Trump Criticizes Powell Over Interest Rates and Tariffs Donald Trump lashed out at Jerome Powell on April 17, accusing the Fed Chair of being slow to […]
Schiff: Dump U.S. Debt and Empower Chinese Consumers Schiff has renewed his call for China to take drastic measures amid the escalating trade war with the United States. According to the economist and gold advocate, the most effective strategy would be for China to dump its vast holdings of U.S. Treasuries and dollar reserves. In […]
At the recent BRICS summit in Kazan, Russian Finance Minister Anton Siluanov introduced details of a groundbreaking payment system that could position itself as an alternative to SWIFT, the global interbank messaging network. This initiative reflects a shift in BRICS countries—Brazil, Russia, India, China, and South Africa, with new members including Egypt, Ethiopia, Iran, Saudi […]
The Australian Dollar (AUD) experienced a drop ahead of the weekend as investors reacted to a less-than-expected stimulus package from China. Market participants had eagerly awaited the National People’s Congress (NPC) for a potential boost to the Chinese economy, which would have had a positive ripple effect on assets closely tied to China, such as […]
Economic reports this week will provide key insights into inflation, employment, and monetary policy across China, the UK, the US, and the Eurozone. These indicators are expected to shape upcoming central bank decisions and offer a glimpse into the health of global markets. Monday: China’s Inflation China’s Consumer Price Index (CPI) is projected to rise […]
Steel prices in China have plunged to their lowest levels in over three months, driven by sluggish demand in the nation’s construction sector, the largest consumer of the metal alloy. On Wednesday, rebar prices on the Shanghai Futures Exchange (SHFE) dropped by as much as 0.8% to 3,483 yuan ($478.73) per metric ton, marking the […]
Hong Kong’s leading equity index is on the verge of a technical bull market as stocks in the city continue this month’s impressive rebound due to overseas investment.The Hang Seng Index climbed nearly 2% on Monday, marking a rise of over 20% from its low on January 22. If it closes at these levels, the […]
The rapid surge in copper prices, reaching nearly $10,000 per ton—a two-year high—may have come to a halt as buyers push back against further increases. Optimistic investors anticipating a seamless rise to record highs might face delays. Recent changes indicate that manufacturers, key consumers of copper, may be cutting back on their purchases due to […]
Aluminum prices continued their upward trajectory during the first weeks of April, repeatedly surpassing previous highs. This included breaching the $2,400/mt mark in the first week of Q2, edging closer to their peak in 2023. Currently at $2,454/mt, if aluminum prices exceed their January 18, 2023 peak of $2,662/mt, it could signal the end of […]
