Social trading: how to profit from it and what to be careful about!

AUD/USD attracted heavy selling during the Asian session on Thursday after Trump imposed sweeping trade tariffs, fueling the global risk-aversion trade and undermining the Aussie. Spot prices moved little following the release of Australian Trade Balance data, which missed consensus estimates by a big margin and showed a surplus of A$ 2.968 billion. 

USD/JPY dives to a three-week low during the Asian session on Thursday as Trump's sweeping trade tariffs provide a strong boost to traditional safe-haven assets. The anti-risk flow triggers a steep decline in the US Treasury bond yields, which drags the USD back closer to a multi-month low touched in March. 

Gold price spiked to a fresh record high on Thursday as investors grew increasingly concerned over the economic impact of Trump’s sweeping tariffs. This triggers a global risk-aversion trade and boosts the safe-haven bullion. Fed rate cut bets, declining US bond yields, and heavy USD selling benefits the non-yielding yellow metal.

XRP declined 5% on Wednesday following President Donald Trump's announcement of reciprocal tariffs on all international trading partners. The decline wiped out gains spurred by Ripple's confirmation of integrating the RLUSD stablecoin into its payments solution, Ripple Payments.

United States (US) President Donald Trump’s self-styled “Liberation Day” has finally arrived. After four straight failures to kick off Donald Trump’s “day one” tariffs that were supposed to be implemented when President Trump assumed office 72 days ago, Trump’s team is slated to finally unveil a sweeping, lopsided package of “reciprocal” tariffs. 

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