US dollar rallies on continued trade deal optimism; yen slumps – Prophet Forecast Report
The U.S. dollar continued to bounce back on Thursday on some technical buying after being oversold last month, with investors…
Talks or no talks: who blinks first in US-China trade war?
China’s ministry of commerce announced that Beijing was assessing the possibility of tariff negotiations with the United States. It was…
Chinese firms in Vietnam halt new investment, face closure if Trump’s tariffs return
Shi Xinchuan, the owner of a hardware store in northern Vietnam, spends a lot of time these days sitting alone…
Where is USA now after Donald Trump assumption? – Prophet Forecast’s Analysis
China retaliated with strong measures against Washington’s record-high tariffs, but other countries have preferred a softer approach. One month after…
Volkswagen, GM, Nissan adopt Chinese technology as they strive to win back EV market share
Foreign carmakers from Volkswagen to General Motors (GM) and Nissan are fighting back in mainland China as they unveiled new…
Monthly Prophet Forecast of Gold May 2025
This isn’t to say that gold can go higher from here, quite frankly both can go straight up in the…
NZD/USD drifts higher above 0.5900 on US-China trade optimism
The NZD/USD pair posts modest gains near 0.5935 during the Asian trading hours on Thursday. The New Zealand Dollar (NZD)…
China factory activity stumbles, Australia inflation eases
Australian inflation slowed in the latest reading but still came in ahead of expectations, reinforcing expectations that the Reserve Bank…
California passes Japan as fourth largest economy- Prophet Forecast Report
California’s economy has overtaken that of the country of Japan, making the US state the fourth largest global economic force.…
Trump says he’ll blame Biden again for 2nd quarter GDP after blaming him for Q1 drop
President Donald Trump on Wednesday blamed former President Joe Biden for the U.S. economy contracting in the first quarter of…