New tariffs, markets selling off

lmportant news this week:

Dollar breakout looms as tariffs trigger risk-off sentiment

The US Dollar is gaining momentum and appears ready to break above an important resistance zone. Following the ECB meeting, the Euro has weakened further, while investors have shifted into the Dollar amid growing geopolitical and trade-related uncertainty. Fresh US tariffs announced by President Trump are weighing on global sentiment. Around 60 additional countries have reportedly been included in the latest tariff package, with import duties ranging from 10% to 12.5%. The measures are aimed at addressing concerns over forced labor, unfair trade practices, and protecting domestic manufacturing, adding another layer of uncertainty to global trade.
Markets have reacted with a clear risk-off tone. Equities are under pressure as investors reassess the impact of higher trade barriers on global growth and corporate earnings. Gold and Silver are also trading weaker despite the defensive environment, as the stronger US Dollar outweighs traditional safe-haven demand. Should the Dollar continue to rally, further downside in precious metals cannot be ruled out.

Market talk

Risk sentiment has deteriorated noticeably. The combination of a stronger US Dollar, renewed trade tensions, and fragile equity markets is creating a more defensive investment environment. The S&P 500 and Nasdaq are approaching important technical support levels, and a decisive break below these areas could trigger a broader wave of selling and accelerate risk-off positioning. FX traders will closely monitor whether the Dollar Index confirms its breakout, as this could put additional pressure on EURUSD, GBPUSD, commodity currencies, and precious metals. The focus now shifts to whether markets stabilise after the initial tariff reaction or whether risk aversion continues to dominate the week.

Tendencies in the markets

Equities weak, USD strong, BTC sideways, oil strong, Silver correcting, Gold correcting.