Markets News
US dollar rallied, gold fell to a new two-week low, and U.S. stocks market “Collapsed”!
· Trump confirmed that the tariffs on Mexico and Canada will be implemented on March 4th, and said that the reciprocal tariffs will be implemented on April 2nd. Canada's prime minister responded that if the U.S. and Canada tariff policy is implemented, it will immediately and strongly respond. This news is negative for the US dollar. · U.S. initial jobless claims for the week of February 22, recorded 242,000, for the week of December 7, 2024 since the new high. With the rise in the number of new unemployed in the U.S., it can be judged that the U.S. employment situation is deteriorating. Several of this news is negative for the U.S. dollar. · U.S. durable goods orders in January recorded a monthly rate of 3.1%, for the largest increase since July 2024. Durable Goods is an important indicator of a country's economy and is often used as a leading indicator of the economic cycle, reflecting the current stabilization of manufacturing orders in the US. This news is positive for the U.S. economy and positive for U.S. stocks and the US dollar.
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