South Korea’s Lee plays down proposed US chip tariffs, warns of higher prices

South Korea’s Lee plays down proposed US chip tariffs, warns of higher prices
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South Korea’s Lee plays down proposed US chip tariffs, warns of higher prices
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EUR/USD steadies during Friday’s North American session set to finish the week and November’s in positive territory with gains o 0.81% and 0.59%, respectively as traders seem certain that the Federal Reserve will cut rates in December. The pair trades at 1.1601 after bouncing off daily lows of 1.1555. Euro ends week and month higher…
Key Highlights EUR/USD started a recovery wave above the 1.1620 resistance. It cleared a major bearish trend line with resistance at 1.1660 on the 4-hour chart. GBP/USD started a recovery wave above 1.3400 but faces hurdles. Gold rallied to a fresh all-time high above $4,350 before correcting some gains. EUR/USD Technical Analysis The Euro started…
Oil prices surged and the US Dollar jumped as safe haven demand continued to ratchet up. Brent crude jumping approximately 10% to $79.90 and US crude climbing over 8% to $72.64. Market participants simultaneously sought refuge in safe-haven assets, driving gold prices up 2.6% to $5,413 an ounce. A primary focus of concern remains the…
Election tax policies are a central issue in the 2024 presidential race. With former President Donald Trump and Vice President Kamala Harris unveiling their economic agendas, Americans are keenly aware of how these plans might affect their finances. As the candidates propose various changes, including modifications to the Tax Cuts and Jobs Act (TCJA), the…
GBPUSD has continued its recent struggles today with the pair on a 8-day losing streak. This comes after cable posted 5 consecutive months of gains, to rise from a 2025 low of 1.2099 to a high of 1.3788, last seen in October 2021. The rally in GBPUSD was largely facilitated by USD weakness following Donald…
In this technical blog, we will look at the past performance of the 1-hour Elliott Wave Charts of DXY. We presented to members at the elliottwave-forecast. In which, the decline from 21 November 2025 high unfolded as an impulse structure. And showed a lower low favored more downside extension to take place. Therefore, we advised members not to…