Hot spot tracking

  • Trump: Tariffs will begin to be imposed on August 1st, with no extensions granted. A 50% tariff will be imposed on imported copper, and tariffs on pharmaceuticals could be as high as 200%, but pharmaceutical manufacturers will be given 18 months to adjust. Tariffs on semiconductors will be announced soon. This news is bearish for pharmaceuticals and copper prices.
  • US Treasury Secretary Besant: So far, $100 billion in tariffs have been collected, and it is expected that tariff revenue may increase to $300 billion by the end of the year. This news is negative for the US dollar.
  • The Reserve Bank of Australia unexpectedly kept the benchmark interest rate unchanged at 3.85%, while the market generally expected a 25 basis point rate cut. This news is bullish for the Australian dollar.

Product Hot Comment

  • Forex
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  • Gold
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  • Crude Oil
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  • Indice
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  • Crypto
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  • Tight spread
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