President Trump’s tax legislation initially triggered a Treasuries sell-off, but markets calmed as attention shifted to U.S. economic indicators, though Senate revisions—broadening tax breaks and reinstating program funding—could increase deficits, potentially provoking a bond market reaction.

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EUR/USD nears 1.1500 on sudden US Dollar strength

EUR/USD nears 1.1500 on sudden US Dollar strength

EUR/USD came under selling pressure and approaches the 1.1500 mark in the American session on Tuesday. The US Dollar gains bullish traction despite discouraging United States data and the poor performance of Wall Street. 

 

GBP/USD plummets below 1.3500 as sentiment sours

GBP/USD plummets below 1.3500 as sentiment sours

GBP/USD fell well below the 1.3500 mark in the second half of the day on Tuesday. The risk-averse market atmosphere amid Middle East tensions fueled by US President Trump's comments helps the USD stay resilient against its peers.

Gold fluctuates below $3,400 as traders turn reluctant ahead of Fed

Gold fluctuates below $3,400 as traders turn reluctant ahead of Fed

Gold continues to fluctuate in a relatively tight range below $3,400 in the American session on Friday. Traders remain reluctant to take large positions ahead of the Federal Reserve's policy decisions, while keeping a close eye on headlines surrounding the Iran-Israel conflict.

Bitcoin falls slightly as Trump calls security advisors to deal with Iran-Israel war

Bitcoin falls slightly as Trump calls security advisors to deal with Iran-Israel war

Bitcoin price declines slightly to around $106,000 on Tuesday following a mild recovery the previous day. Donald Trump leaves the G7 summit early to return to Washington and meet with his national security team.

Chinese data suggests economy on track to hit 2025 growth target

Chinese data suggests economy on track to hit 2025 growth target

China's May data was mixed with strong retail sales, but soft readings on fixed-asset investment and property price. Overall, though, data suggests that China remains on track to achieve its growth target in the first half of 2025.

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