WTI futures fell further on Monday to just above $60 per barrel, the lowest level since April 2021, as concerns that the escalating trade war could slow the global economy and weaken energy demand.
It's impossible to fathom what Trump expects from this process, as it won't be simply what he campaigned on. Old saying: 'fade Euphoria, and buy Despair'. Are we nearly there?
Bitcoin performed relatively well in comparison to the rest of the markets. Although it gave up quite a bit of its gains, Bitcoin returned to where it started for the week, which is something that you cannot say for most assets.
President Donald Trump on Wednesday announced a slew of tougher-than-anticipated tariffs, but there are some notable exemptions to the steep levies. Here's a look at which products and sectors are excluded from the reciprocal tariffs:
West Texas Intermediate (WTI) US Crude Oil prices extend the previous day's retracement slide from the $72.00 neighborhood, or the highest level since February 21, and attract heavy follow-through selling during the Asian session on Thursday.
What started as a textbook red screen risk-off session turned into a classic short covering late-day rescue, but don’t be fooled—the macro minefield ahead remains firmly intact.
