Wonderful Introduction:
Green life is full of hope, beautiful fantasy, hope for the future, and the ideal of longing is the green of life. The road we are going tomorrow is green, just like the grass on the wilderness, releasing the vitality of life.
Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange Decision Analysis]: Trump threatens to significantly increase Indian tariffs and shift his focus to the service industry." Hope it will be helpful to you! The original content is as follows:
On August 5, during the Asian market on Tuesday, spot gold trading around $3,378.50/ounce, gold prices rose for the third consecutive trading day on Monday, after last week's economic data stimulated expectations of the Fed's interest rate cut, and Trump's pressure on India also increased the market's risk aversion; U.S. crude oil trading around $66.30/barrel, oil prices fell to the lowest level in a week on Monday, after OPEC+ agreed to increase production again in September, which aggravated the market's concerns about oversupply, and previous U.S. data showed that fuel demand in the largest consumer country was unremarkable.
The US dollar rebounded slightly on Monday, rectifying its recent trend. Three important events affecting the market last Friday highlighted the vulnerability of the dollar: poor U.S. jobs report performance, a resignation of a Federal Reserve director, and President Trump's firing of a bureau chief. These situations hit the dollar, prompting investors to step up bets on the Fed's upcoming interest rate cut.
But analysts say the dollar’s rebound on Monday could be short-lived, given uncertainty in U.S. decision making and finally cracking in the U.S. economy, a wide-scale decline could reappear.
Last Friday data showed that U.S. job growth in July was lower than expected, while non-farm jobs were significantly downgraded by 258,000 in the first two months, indicating a sharp deterioration in labor market conditions.
MonexUSA head of trading Juan Perez said: "The United States appears to be experiencing a slowdown in various industries that are beginning to question the benefits of restricting overseas production and procurement."
He added: "Although U.S. economic indicators suggest that the Fed maySupport will be provided through interest rate cuts, but there is not much optimism around the world. ”
Caixin.com’s latest data released on Tuesday showed that the China Services Purchasing Managers Index (PMI) unexpectedly jumped to 52.6 in July and 50.6 in June. Market forecasts print volumes during the reporting period of 50.2.
Investor confidence in the euro zone was severely hit in August, with the Sentix investor confidence index plummeting from 4.5 to -3.7, well below the expected 6.2. The status index fell further to the negative area, from -7.3 to -13.0. The expected index fell sharply from 17.0 to 6.0. Germany’s data is even more disturbing: the overall index fell from -0.4 to -12.8 , the current situation has dropped from -18.8 to -29.0, and expectations plummeted from 19.8 to 5.0.
Sentix said the emotional collapse reflects investors' early judgment on the EU-U.S. tariff agreement - an assessment that is "destructive". Instead of providing clarity or relief, the agreement has sparked renewed concerns about the eurozone export sector. Recent optimism about the German recovery is now questioned, and export-oriented industries are expected to face greater pressure in the vifu.neting months. Investors are also increasingly worried about the rise in EU government debt across the board.
To make matters worse, inflation shows no signs of easing. Sentix's inflation-themed index fell to -11.75, strengthening the ECB's advancement The view that policy space is limited in one step. As market sentiment worsens, debt concerns intensify and inflation easing does not see obvious signs, the eurozone's recovery path looks increasingly fragile.
Swiss CPI was stronger than expected in July, with overall inflation remaining flat on the month-on-month, while expecting a decrease of -0.2% on the month-on-month. Core CPI (excluding fresh and seasonal products, energy and fuels) fell slightly -0.1% on the month-on-month, while domestic product prices rose 0.2% on the month-on-month, and imported product prices fell -0.9% on the month-on-month.
On the year-on-year, the overall CPI rose from 0.1% to 0.2%, which was also higher than the year-on-year forecast. Core CPI accelerated from 0.6% to 0.8% on the year-on-year. Total domestic product products Inflation stabilized at 0.7% year-on-year, while import prices were still negative, improved from -1.9% to -1.4% year-on-year.
Today's data slightly eased concerns that Switzerland is resuming a vifu.netplete deflation. There have been speculation that the Swiss National Bank could return to negative interest rates after a series of rate cuts to bring policy rates back to 0.00%. But the rise in inflation in July could buy time for policy makers to get their next meeting on September 25.
In the context, the Swiss franc weakened slightly as global markets stabilize and trade tensions eased, helping to alleviate deflationary pressures. If the August CPI data improves further, expectations may turn to a steady maintenance in September rather than re-tuning againTotal policy.
Trump said it would significantly increase India's tariff rates as the country buys Russian crude oil. India responded that the accusation was unreasonable.
Federal Daly: The time for a rate cut is approaching, and the number of interest rate cuts this year is more likely to be greater than two.
Trump: A candidate will be announced in the vifu.neting days to fill the vacant Fed's position as director.
The above content is all about "[XM Foreign Exchange Decision Analysis]: Trump threatens to significantly increase Indian tariffs and shifts its focus to the service industry". It is carefully vifu.netpiled and edited by the editor of XM Foreign Exchange. I hope it will be helpful to your transactions! Thanks for the support!
Life in the present, don’t waste your current life in missing the past or looking forward to the future.