The increase in US import duties will lead to a more pronounced slowdown in inflation in the eurozone than previously forecasted, Bloomberg reports, citing its own research. According to experts surveyed by the agency, this strengthens the likelihood that the ECB will cut interest rates this week.
The Canadian dollar slipped from a five-month high against the greenback as oil prices dropped and investors braced for the Bank of Canada (BoC) interest rate decision later this week, Reuters reports.
The euro is experiencing its most rapid growth in 15 years, and momentum doesn’t appear to be slowing. Traders anticipate further gains, with some suggesting the currency could reach $1.20, prompting strategists to revise their forecasts.
Economists polled by Reuters expect the Bank of Canada to cut interest rates twice before the end of the third quarter. However, TD Securities chief strategist Andrew Kelvin believes the central bank will keep borrowing costs at 2.75% in April, awaiting clearer data on the impact of trade tariffs.
China’s oil imports rose steeply from January and February and grew 5% on an annual basis in March. According to China’s General Admission of Customs, last month the country’s crude imports totalled 51.14 million tons, or 12.1 million barrels per day.
Goldman Sachs raised its 2025 gold price forecast to a record $3,700 per ounce, citing escalating US-China trade tensions and growing America's economic concerns. This marks the third increase this year, following a March revision to $3,300.
Liquefied natural gas (LNG) imports into Europe are expected to rise by 25% this year as the continent seeks to offset falling pipeline supplies, the International Energy Agency (IEA) reported. The agency also noted that demand in the region could get bigger on adverse weather conditions.
The European Union is set to reopen talks with the United States on increasing liquefied natural gas (LNG) imports, in order to prevent the reintroduction of Donald Trump's tariffs. This information comes from Politico, citing sources within the EU.
CoinMarketCap informs that Bitcoin is expected to rise to $1.8 million by 2035 regardless of a recent decline in its price and decreased investor interest caused by global trade tensions.
The greenback continued to weaken for the fifth consecutive day, despite the delay in imposing US tariffs on imports of some electronics. Additionally, the gauge of the dollar volatility remains near a record high level over the past two years.
The world of business and finance is constantly changing. What trends and directions are relevant today? The answer to this question is key to successfully navigating in a trading and investment environment and better assessing the risks involved.
The global economy can be greatly impacted by major events, causing stock markets and exchange rates to plummet. The repercussions of one nation's crisis may extend to other countries, creating a butterfly effect with far-reaching consequences. While these events may be frightening for some, traders and investors use them as a chance to generate profits amidst a crisis.
Financial institutions act as intermediaries between borrowers and lenders. This group typically includes banks, as well as non-bank organizations such as pension funds, insurance companies, credit unions, and pawnshops. By supporting global trade, business growth, and job opportunities, these institutions play a crucial role in maintaining a stable and thriving economy.
All governments serve as regulators for businesses, both domestically and internationally. The economic policies implemented by separate states have a significant impact on their currency exchange rates and living expenses.
Market players are always looking for tools and opportunities to make a profitable investment, which is accompanied by some risks. This is where capital management comes into play, with the goal of minimizing losses and maximizing profits
By closely monitoring worldwide events and economic strategies of the top nations, traders and investors can make well-informed decisions in the financial world
