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U.S. Court Blocks Trump Tariffs | Fed Warns on Inflation | GDP in Focus

Written on May 29, 2025 at 8:28 am
Categories: Market In Minutes
Tags: Federal Reserve, Trump Tariffs, US GDP
Chart the Market (29/05/2025)

Crude Oil, H4: Crude oil prices are trading higher following a successful breakout above both an asymmetric triangle pattern and the key resistance level at $62.20. The MACD indicates strengthening bullish momentum, while the RSI stands at 67, suggesting there is still room for further upside before entering overbought territory. If bullish momentum continues toContinue Reading
EUR/USD Edges Lower Amid Stronger Dollar, but ECB Outlook Offers Support

Key Takeaways: *Dollar strength following U.S. trade court ruling weighs on EUR/USD. *ECB’s inflation outlook supports potential for hawkish policy shift, limiting downside. EUR/USD traded slightly lower as the U.S. Dollar extended gains following a U.S. trade court ruling that invalidated President Donald Trump’s use of emergency powers to implement global tariffs. The decision wasContinue Reading
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