Trump announced 25% tariffs on imports; Canada and Mexico delayed until April 2, while the EU response awaited.
US indices mixed, Nvidia earnings ahead, Trump tariff plans, Deutsche Bank shifts, oil down, Bitcoin drops, inflation persists.
Swati Dhingra emphasized central banks’ limited ability to manage trade-based supply shocks affecting prices, especially energy and food.
Light data from New Zealand precedes Australian capital expenditure figures, contributing to fourth-quarter GDP due next week.
EUR/USD struggles as bullish momentum fades; sellers regain control. A bearish crossover may increase downside risks.
Russia’s industrial output missed forecasts; AUD/USD consolidates, USD/JPY struggles, gold steadies, meme tokens decline, Eurozone inflation stabilizes.
Nvidia’s earnings and revenue exceeded expectations, driven by strong data centre performance, despite weaker gaming and networking segments.
The US Dollar recovers slightly, but DXY stays near lows amid Fed rate cut expectations and weak data.
The White House plans 25% tariffs on Canadian and Mexican imports next week, impacting the USDCAD exchange rate.
Fear and Greed Index at 22 signals extreme fear; S&P 500, Nasdaq100, and Dow Jones risk further declines.
