Dollar soars on tariffs announcement; euro hit hard

If you’ve been keeping an eye on the markets this year, you know it’s been a roller coaster, and it’s not just from central bank policy shifts or assets hitting record levels. I’m talking about times when U.S. President Trump announces huge tariffs and markets tumble, only for him to walk it back days later…

The Federal Reserve surprised the market yesterday by cutting the dollar rate by 0.5%, with expectations that a similar reduction might occur by the end of the year. The dollar initially dropped sharply following the announcement but then partially recovered after comments from Jerome Powell. The Fed Chair stated that the current decision would not…

The Magnificent Seven ETF (MAGS) is the first fund designed to provide equal-weight exposure to the “Magnificent Seven” tech giants—Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla. Launched in 2025, the ETF offers investors a focused way to capture the performance of these market-leading innovators that dominate the S&P 500 and drive much of its…

SIX Group revealed Wednesday that it has launched a new three-year strategic program aimed at boosting growth and improving profitability, following a 4.6% increase in total operating income for 2024.  It was explained that the initiative, Scale Up 2027, will target mid-single digit income growth and an increase in EBITDA margin from 28% to over…

The U.S. dollar’s latest pullback has traders zeroing in on a key support zone on USD/CHF. Will buyers step in and defend this area, or are we looking at more downside from here? Here’s what we’re seeing on the 4-hour time frame: USD/CHF 4-hour Forex Chart by TradingView In case you missed it, the U.S….