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Showing posts with the label tariffs

Crypto market wipes out $150 billion in a day amid new tariffs

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Just last week, President Donald Trump voiced his optimism that the Federal Reserve would soon start cutting interest rates after a private meeting with Chair Jerome Powell. However, upon the central bank’s decision to leave interest rates unchanged, things took a drastic turn on Thursday, July 31. Namely, the Federal Reserve kept its benchmark rate at 4.25–4.5%, citing the need for more economic data before making any cuts.  The crypto market reacted negatively following the news, with over $150 billion in market value wiped out in a day, falling from $3.89 trillion to $3.74 trillion.  Crypto market cap. Source: CoinMarketCap Cryptocurrencies see multi-week lows In the aftermath, Bitcoin (BTC) dropped as low as $114,400, its lowest price in three weeks, while Ethereum (ETH) dropped 4.94% to $3,628. Something similar happened in April, when Trump announced his first tariff increases. At the time, Bitcoin plunged to a five-month low within days ...

'This Is Not a Wobble': Rosa Warns of Real De-Dollarization

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Real de-dollarization initiatives have accelerated across various major financial sectors, and economist Brunello Rosa warns that this global currency shift represents a fundamental threat to USD dominance right now. The crypto market risks and economic uncertainty created by this movement signal that real de-dollarization efforts are spearheading serious momentum at the time of writing. Also Read: Gold Could Hit $4,000 as US Dollar Weakens, Experts Warn Crypto Risks Mount as USD Declines and Global Shifts Accelerate Source: Watcher.Guru Rosa’s Warning Signals Real De-Dollarization Momentum Through several key analytical frameworks, economist Brunello Rosa was finalizing his book “Smart Money” when he noted that critical events might unfold before publication, and his predictions about real de-dollarization have revolutionized accurate forecasting right now. The book envisions a new cold war where “digital de-dollarization” plays a central role as China cha...

De-Dollarization: 40% of Foreign Transactions Now in the Chinese Yuan

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The de-dollarization agenda is advancing as China’s central bank has asked lenders to raise their share of Chinese yuan while facilitating cross-border trade. The People’s Bank of China increased the floor ratio for Chinese yuan-denominated trade transactions from 25% to 40%. That’s a 15% increase in settling overseas trade and transactions in the recent realignment to benefit its local currency. Also Read: Russia’s New Economic Bank Fuels Global De-Dollarization Surge De-Dollarization: China to Punish Banks That Fail to Meet the 40% Chinese Yuan Criteria Source: iStock China is taking de-dollarization seriously and is cracking the whip on banks that fail to meet the 40% Chinese yuan criteria. The increase from 25% to 40% is dubbed the Macro Prudential Assessment and banks failing to meet the criteria will receive a lower score in regulatory review, said officials close to the matter to Bloomberg. Getting a low score would also affect the bank’s future business e...

Europe is Preparing €50B Trade Offer for US President Trump

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In what could be a major development for both nations, Europe is reportedly preparing a €50 billion trade offer for the US and President Donald Trump. Indeed, European Union (EU) trade commissioner Maroš Šefčovič recently told The Financial Times that both sides are making “certain progress” towards a deal. Since the Trump administration instituted a 10% baseline tariff on all countries, there has been a mad dash for nations to strike a trade deal with the United States. Now, the EU has emerged as nearing an agreement that would eliminate the import duty increase. Moreover, it should take another step toward balancing US trade. JUST IN: Europe says they're preparing a €50 billion trade offer for President Trump. — Watcher.Guru (@WatcherGuru) May 1, 2025 Also Read : Trump Says EU Must Come Forward to Negotiate New Trade Deal EU Preparing New Trade Deal to Eliminate US Tariffs In early April, the United States announced the arrival of a new America-first tariff plan. Its purp...

US Stocks Gain & Gold Hits Record as Tariffs Dictate the Market

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There has been no shortage of caution for investors as geopolitical tensions reach a fever pitch. Yet, on Tuesday, US stocks had gained and gold reached a new record high as the imposed tariffs from President Donald Trump continued to dictate the market. The finance market in the United States has been driven by ongoing pressure from the current administration’s economic policy. With 25% tariffs on Mexico, Canada, and China being delayed a month, Wall Street bounced back slightly. However, the ongoing worries derived from these tensions have driven gold as a key haven asset amid burgeoning concerns and volatility. Source: Watcher Guru Also Read: Google, Nvidia, & Intel Face Chinese Probe as US Tensions Rise Geopolitical Worries Drive US Stocks and Gold as Market Continues to Face Uncertainty The stock market has continued to operate in a state of growing volatility. Recent political developments have greatly impacted companies like Tesla (TSLA), with incoming tariffs threatening s...

AI Predicts Odds Of US Dollar Weakening Under Trump's Rule

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The current president-elect, Donald Trump, is leaving no stone unturned to bolster the US dollar. Trump is ready to put in efforts, planning strategic tariff cuts and reductions to ensure that countries diligently continue to support the US regency. But in an alternate scenario, Trump’s overprotective streak when it comes to the US dollar may backfire, ultimately leading the dollar to invite trouble. Here’s how it all may unravel. Also Read: Ripple: XRP On Track To Claim $10 – Here’s How Donald Trump and His Grandiose US Dollar Protection Plans Source: iStock The US dollar is currently a trending topic within the Trump leadership. Trump has unveiled massive plans to protect the US dollar, primarily through the deployment of extensive tariffs on nations moving away from the dollar. In one of his earlier interviews, the president-elect unveiled plans to impose tariffs on nations, particularly the BRICS bloc, who have reportedly been planning on ditching the US dollar in the long hau...