In the cryptocurrency market, Bitcoin reached a record high of $111,999. This surge led to over $500 million being liquidated in leveraged positions across the sector.

Gold And US Tariffs

The GBP/USD pair fell to about 1.3530. This was driven by strong US economic data and a positive outlook from the Federal Reserve, which pushed the US Dollar higher. Gold prices stabilized, staying above $3,300 per troy ounce, following a decrease in US 10-year bond rates. At the same time, new US tariffs are aimed at Asia, potentially benefiting countries like Singapore, India, and the Philippines if negotiations go well. When trading foreign exchange on margin, there are risks involved due to high leverage. It is essential to evaluate your investment goals, experience, and risk tolerance before entering the forex market. Seeking independent advice is a good idea if you are unsure about foreign exchange trading risks. The previous section highlighted several important changes in global markets, including worsening trade balances, stronger US data, and fluctuations in both traditional and digital financial assets. With Portugal, we see its trade deficit widened from €-3.018 billion to €-3.217 billion in just one month, indicating a larger gap between imports and exports. For those observing the economy, this puts more pressure on the euro, especially in southern European nations struggling with external demand. A bigger deficit can negatively impact the currency as it increases downward pressure from rising cross-border payments.

Forex And Crypto Movements

Looking at the EUR/USD pair, the drop to 1.1650 is not surprising given the recent positive US data. Strong employment figures support the Dollar and suggest rising interest rates. Policymakers’ recent comments made it clear that rate hikes are still on the table, which attracts investment to Dollar-denominated assets. With ongoing economic strength and clear policy signals, the bears for the Euro are unlikely to back down. We are also seeing how the Fed’s position affects the British Pound. The drop in GBP/USD to 1.3530 shows the Pound’s sensitivity to US yields. For those focused on derivatives, this suggests a lower appetite for risk in currencies affected by weaker domestic data or tightening consumer spending. The yield differential remains a key factor influencing the pair, so until the Bank of England provides stronger support, it’s hard to see a rally. Create your live VT Markets account and start trading now.

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