After a volatile weekend, bitcoin and other cryptocurrencies jumped back up again. According to CoinDesk, these fluctuations were driven by Trump's Friday statements on the introduction of 50% tariffs for EU imports from June 1 and the subsequent pause in these measures until July 9.
Citi has raised its short-term outlook for gold to $3,500 citing trade and geopolitical uncertainty. Analysts expect the metal prices to consolidate between $3,100 and $3,500. The forecast released on May 12 suggested the range of $3,000–3,300.
European natural gas prices extended gains after an unplanned production cut was announced at Norway’s Troll field, which has reduced the country’s energy supplies to the EU, Bloomberg reports.
On Monday, the euro hit a one-month high against the dollar. This occurred after US President Donald Trump reversed his decision to impose 50% tariffs on EU imports. The American leader gave time to the bloc until July 9 to reach a trade agreement.
The debut of the first XRP exchange-traded fund (ETF) on Nasdaq is a big deal for the crypto industry. The new instrument greatly diminishes the barriers to entry for prominent market players, thereby facilitating access to tokens via well-known financial mechanisms.
US President Donald Trump agreed to move the imposition of tariffs on goods from Europe to July 9 during a phone call with Ursula von der Leyen, European Commission President. Last week, the US leader announced his intention to introduce a 50% levy on EU imports starting June 1.
CoinMarketCap has observed increased inflows into bitcoin spot ETFs. Since their launch in the United States in January 2024, they have attracted a record $35–36 billion. This result is hardly comparable to the performance of similar gold-based funds, according to the website.
The Solana blockchain platform has introduced an updated staking system. Previously, users had to lock up their funds to earn rewards, but now they can delegate their SOL assets to validators and receive special tokens while maintaining the ability to use or trade them, CoinMarketCap notes.
Gold prices fell to $3,350 per ounce after climbing by almost 5% last week. This decline came after US President Donald Trump postponed the imposition of tariffs on EU imports until July 9, giving both parties more time to negotiate a trade deal, Bloomberg reports.
As Bloomberg reports, the Federal Reserve (Fed) is optimistic about the lack of a significant increase in official inflation data. The monetary authority intends to keep interest rates unchanged until the impact of trade policies on the US economy becomes clearer.
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
