1. RBA cuts interest...from ThangHeadHunter

05 Mar 2025, 00:46 · Views 147

1. RBA cuts interest rates to 4.1% but does not commit to further easing, citing concerns over the impact on the 2.5% inflation target. The decision to cut rates comes as inflation risks have eased. 2. Canada says it is ready to impose retaliatory tariffs on the US after Donald Trump confirmed tariffs on Canada and Mexico. 3. US ISM Manufacturing PMI for February was 50.3, compared to 50.5 expected and 50.9 previously. 4. US Treasury yields continued to fall, with the yield on the five-year Treasury note falling below 4%. 5. Spot gold hit $2,890 an ounce, up 1.12% on the day. 6. Bitcoin fell to $83,000 a coin, down 2.59% on the day. Ethereum has fallen more than 5.00% on the day and is currently trading at $2,038 per coin. 7. The world's largest gold ETF, SPDR Gold Trust, saw its holdings fall by 3.45 tonnes from the previous day and its current holdings are 900.93 tonnes. ------------------- For daily updates, visit our page. https://www.facebook.com/profi... Please like and share to thank you.

Disclaimer: The views expressed are solely those of the author and do not represent the official position of Followme. Followme does not take responsibility for the accuracy, completeness, or reliability of the information provided and is not liable for any actions taken based on the content, unless explicitly stated in writing.

Reply 0

Leave Your Message Now

ThangHeadHunter

6 Posted · 58 Followers

Telegram: @Thangheadhunter

1. The world's largest gold ETF, SPDR Gold Trust, increased its gold holdings by 0.87 tonnes from the previous day, and its current holdings are 901.8 tonnes. 2. According to CME's "Fed Watch" on March 5: The probability of the Fed keeping interest rates unchanged in March is 95%, and the probability of cutting interest rates by 25 basis points is 5%. 3. Safe-haven demand pushes gold prices closer to record highs, trade tensions are a key factor. 4. The US dollar fell on concerns about the economic impact of the trade war, causing investors to seek safe-haven assets such as gold, Swiss francs and Japanese yen. 5. Australia's economy grew faster, reinforcing the RBA's hawkish stance. GDP per capita increased by 0.1%, ending a seven-quarter decline streak. 6. Canada imposes 25% tariffs on $107 billion worth of US goods in response to the US tariff decision. The first phase of tariffs takes effect immediately, the second phase takes effect in three weeks, covering cars, steel, and aluminum.

ThangHeadHunter

1. Gold prices rebounded after falling due to concerns about the economic impact of Trump's tariffs. Gold is seen as a safe haven asset when there are signs of an economic recession in the US. 2. Many investors are worried that the US economy is slowing down and the trade war will weaken the USD. 3. Trump is preparing to impose a 25% tax on most imports from Canada and Mexico (except for Canadian energy 10%) and increase the Chinese tax to 20%, greatly affecting the US economy and trade relations. 4. Trump: Will put Btc in the national reserve, which will help the cryptocurrency sector break out. Will set up a strategic fund including XRP, SOL, ADA. 5. WTI crude oil price reached $ 70 a barrel, up 0.37% on the day. #Lirunex

ThangHeadHunter

1. ECB expected to cut interest rates to 2.5%. However, the outlook beyond that remains unclear due to the volatile economic landscape. 2. Bitcoin price hits above $92,000 per coin, up 1.54% on the day. 3. Canadian government sources say Canada is ready to reduce retaliatory measures against US tariffs if Washington removes some additional tariffs. 4. US stock markets rise sharply: Dow Jones +1.14%, S&P 500 +1.12%, Nasdaq +1.46%. GM shares rise 5.3%, Ford up 4.1%. 5. Gold is under pressure as trade concerns cool, but is still supported by a weak US dollar. Spot gold is hovering around $2,919/oz. 6. US economic data raises concerns: ADP jobs report falls short of expectations, rising just 77,000, while the market awaits Friday's Nonfarm payrolls report. 7. The world's largest gold ETF, SPDR Gold Trust, saw its holdings fall by 1.44 tonnes from the previous day, with its current holdings standing at 900.36 tonnes. -------- #clbnewbieprotrader #viencongnghetaichinhvietnam #Lirunex #exness #xm #trading #forex #cfd #coin

ThangHeadHunter

1. Trump signs order to create strategic Bitcoin reserve: The US government will build the reserve with Bitcoin seized from civil and criminal cases, but will not buy or sell any more Bitcoin. 2. US stock market plunges: Nasdaq 100 drops 2.8% on the day, close to 10% correction from peak. 3. Trump postpones 25% tariffs on most goods from Mexico and Canada until April 2, facilitating easing of trade tensions. 4. The world's largest gold ETF, SPDR Gold Trust, saw its holdings fall by 1.72 tonnes from the previous day and its current holdings are 898.64 tonnes. 5. The US labor market remained stable in February with 160,000 new jobs and an unemployment rate of 4%, despite policy uncertainty. 6. Australian household spending rose 0.4% in January 2025, driven mainly by spending on services. This reinforces the RBA's cautious stance after cutting interest rates.

ThangHeadHunter