Monthly Archives: November 2024
41654156156Dollar and Wall Street Bullish on
Written on November 15, 2024 at 2:32 am, by sallychang
Fundamental Analysis * Tariff Threat: The Australian dollar remains under pressure against the U.S. dollar due to concerns over Donald Trump’s recent proposal to raise tariffs on Chinese imports. Australia, a major exporter to China, could feel the economic impact of Trump’s suggested 60% tariff on all Chinese goods. Trump argues that this tariff increaseContinue Reading
Aussie Dollar Slips After Trump Tariff
Written on November 15, 2024 at 2:31 am, by sallychang
Fundamental Analysis * Tariff Threat: The Australian dollar remains under pressure against the U.S. dollar due to concerns over Donald Trump’s recent proposal to raise tariffs on Chinese imports. Australia, a major exporter to China, could feel the economic impact of Trump’s suggested 60% tariff on all Chinese goods. Trump argues that this tariff increaseContinue Reading
Gold Falls As Strong US Dollar, Trump’s
Written on November 15, 2024 at 2:28 am, by sallychang
Fundamental Analysis * Dollar Pressure: Gold prices suffered their worst weekly performance in five months, dropping sharply as speculation around a second term for Donald Trump raised concerns about a renewed escalation in trade tensions, supporting the U.S. Dollar. In overnight news, Bloomberg reported that BlackRock and JPMorgan warned the sell-off in U.S. bonds isContinue Reading
