Germany’s Economy Minister Robert Habeck recently visited China and made a statement regarding the European Union’s willingness to engage in discussions about tariffs on Chinese exports. This statement comes at a crucial time as the EU proposed hefty duties on Chinese-made electric vehicles (EVs) in response to what it perceives as excessive subsidies. Habeck emphasized
On a recent visit to China, Germany’s Economy Minister Robert Habeck addressed concerns regarding proposed European Union tariffs on Chinese goods. Habeck emphasized that these tariffs should not be viewed as a form of punishment. In fact, he made a point to differentiate the EU’s approach from other countries such as the U.S., Brazil, and
The price of gold is currently hovering near a two-week high, with investors anticipating a potential rate cut by the Federal Reserve in September. The rise in US bond yields is impacting the USD, which in turn is influencing the movement of gold prices. Despite the headwinds caused by the anticipated new supply of US
The recent increase in gold prices above the $2,335 resistance level is a promising sign for investors. The hourly chart of Gold at FXOpen shows a positive trend, with the price finding support near the $2,300 zone and forming a base for further increase. The bulls successfully pushed the price above key resistance levels, including
During a recent investor meeting in London organized by Deutsche Bank, Turkish Finance Minister Mehmet Simsek outlined the progress made in the Turkish economy over the past year. Participants at the meeting agreed that Turkey has emerged as a positive standout among other emerging markets. This is largely attributed to the shift in economic policies
The USD/JPY pair has shown significant strength as it broke through the resistance level of 158.20. This movement was supported by a bullish trend line forming with a key support level at 158.20 on the 4-hour chart. The pair is currently approaching the 159.20 resistance zone, with potential for further gains towards the 160.00 level.
Over the past three years, the once-booming ecosystem of venture capital and startups in China has seen a significant slowdown. This decline can be attributed to increased regulatory scrutiny by Chinese authorities, leading to a decrease in the availability of investment capital for startups. In response to this, the State Council of China recently announced
The Australian economy is currently facing challenges as it struggles to stay above a recession. With the last quarter showing minimal growth of just 0.1 percent and the high possibility of a negative growth in the current quarter, the Reserve Bank’s ability to stimulate economic growth through interest rate cuts is limited. Upcoming Economic Data
The recent ruling by the U.S. Supreme Court on the taxation of Americans who have investments in foreign corporations has sparked a debate on the interpretation of the Constitution’s 16th Amendment. In a 7-2 decision, the justices upheld a lower court’s ruling against a retired couple from Washington who challenged the tax on foreign company
The new federal rebate program launched in New York is offering homeowners up to $14,000 in total rebates for energy-efficiency upgrades to their property. This initiative is part of the Inflation Reduction Act, signed by President Joe Biden in 2022, which allocated $8.8 billion for consumers through two Home Energy Rebates programs. The aim of
The geopolitical landscape has once again taken center stage as worries mount over the situation in the Middle East and Asia. Safe haven assets like gold (XAU/USD) are seeing a surge in demand, with prices edging towards the 2350 resistance level. Similarly, silver (XAG/USD) is also experiencing gains, pointing towards the potential for further upside.
The European Union has once again taken a firm stance against Russia’s actions in Ukraine by implementing new sanctions. This 14th package of sanctions includes restrictions on Russian gas, marking a significant step in the EU’s efforts to exert pressure on Russia. While these measures are aimed at punishing Russia for its aggression, it is