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EUR/USD stays pressured near 1.0800 on Trump's 'Liberation Day'
EUR/USD keeps the red at around 1.0800 in European trading on Wednesday as investors rush for the safe-haven US Dollar, aniticpating US President Donald Trump’s long-threatened “reciprocal” tariffs package, due to be announced at 20:00 GMT.
GBP/USD trades with caution above 1.2900, awaits Trump’s tariffs reveal
GBP/USD is trading with caution above 1.2900 in the European session on Wednesday, Traders remain wary and refrain from placing fresh bets on the major, anticopating the US 'reciprocal tariffs' announcement on "Liberation Day' at 20:00 GMT.
Gold price stabilizes ahead of Trump's tariffs announcement on “Liberation Day”
Gold price stabilizes just above $3,130 at the time of writing on Wednesday following a mean reversal move the prior day after a fresh all-time high got eked out at $3,149 before closing in negative territory. The Gold rush rally stalled ahead of Trump officially announcing the reciprocal tariff implementation later this Wednesday at the White House
ADP Employment Change projected to show US job growth gaining in March
The US labor market is poised to steal the spotlight this week as concerns over a potential slowdown in economic momentum remain on the rise — an unease fueled by recent signs of slower growth and troubling underlying data, aggravated by the ongoing uncertainty surrounding US tariffs.
Is the US economy headed for a recession?
Leading economists say a recession is more likely than originally expected. With new tariffs set to be launched on April 2, investors and economists are growing more concerned about an economic slowdown or recession.
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