USD continues to rise, cryptocurrencies plunge, and oil loses momentum as the US considers imposing tariffs on the EU. What are the hottest financial news updates today?

INTERNATIONAL HIGHLIGHTS

• US – Ukraine: The US President declares that Ukraine is not yet ready to join NATO, emphasizing the need for dialogue solutions to stabilize the region.
• US – EU: The US administration is considering a 25% tariff on cars and various imported goods from the EU, citing the EU’s incomplete market access for US products.
• Vietnam – New Zealand: Both countries officially upgraded their partnership to a Comprehensive Strategic Partnership, expanding cooperation in trade and development.
• ASEAN 2025 Forum in Hanoi attracts 600 delegates, discussing innovation and the digital economy amid global geopolitical volatility.

FINANCIAL MARKETS

• The USD surged to 106.60 as markets reacted to new trade policies.
• The Euro slipped 0.06% to 1.0479 USD, pressured by political uncertainty in Germany.
• The Mexican Peso and Canadian Dollar remain volatile as trade decisions between the US, Mexico, and Canada are still unclear.

ENERGY MARKET

• The US revoked operating licenses of a major energy company in Venezuela, potentially tightening global crude oil supplies.
• Brent crude oil remains below $73 per barrel, while WTI hovers around $69 per barrel, impacted by supply concerns from Russia.

CRYPTOCURRENCY TURMOIL

Over $800 billion in market cap wiped out in recent days!

• Bitcoin plunged 3.6% to $85,600, extending its monthly loss to 15%.
• Ethereum tumbled 23%, while Solana lost 42% amid market uncertainty and concerns over upcoming economic policies.

GOLD PRICE OUTLOOK

Gold dropped to the $2,888 support level yesterday but shows signs of mild recovery.

• Short-term forecast: Gold may range between $2,898 – $2,930.
• Trading Strategy:
  • Buy in the $2,930 – $2,945 support zone for potential upside.
  • Long-term: If gold breaks $2,945, consider selling with targets at $2,874 – $2,866 based on Fibonacci analysis.

US stocks and Bitcoin continue to decline amid tariff concerns, potentially affecting risk assets. On February 26, Bitcoin recorded its sharpest drop to $82,096 (-4%), reflecting negative market sentiment.

MARKET INSIGHTS

The financial markets are undergoing significant turbulence, from trade policies to movements in cryptocurrencies and gold. Investors should closely monitor these factors to make informed decisions.

What’s your take on the upcoming trend?
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