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Trump's remarks spark market volatility

Dollar strength strengthens as uncertainty grows

Former US President Donald Trump sparked a wave of market turmoil after his fiery comments against the Federal Reserve, accusing it of mismanaging interest rates and hinting at tightening policies toward China if he wins the upcoming election. Markets responded quickly: US bond yields rose sharply, while the dollar gained momentum as a safe haven, increasing pressure on gold, oil, and other currencies. Impact: Investors were gripped by a risk-off mood amid concerns about renewed trade tensions and weakening risk appetite. Fed Outlook Although inflation remains above target, labor market data has begun to show some slowdown, leading some analysts to believe the Fed may be hinting at a potential rate cut in the second half of the year. However, repeated statements from Fed members remain cautious, preferring to wait until they see a clear and stable slowdown in inflation.

Current Expectation

Rate hold over the next few meetings, with close monitoring of economic data.

New Variable

Trump's remarks could affect market expectations for interest rates if they are viewed as a political pressure factor on the central bank.

Gold – $3,003

Gold fell below $3,030, affected by rising bond yields and a strong dollar, despite political tensions.
Trend: Bearish unless it returns above $3,035, with the next support at $2,970.

Oil – $61.13

Oil continues to decline as global demand concerns mount and concerns about international trade tensions resume following Trump's remarks.
Trend: Bearish, with a break of the $60 level likely to lead to further declines.

EUR – 1.0958

Strong dollar pressure besieges the euro amid anticipation of European inflation data.
Trend: Stable to slightly bearish.

GBP – 1.2769

The pound is relatively stable, supported by local factors, but remains sensitive to dollar movements.

Trend: Sideways to upside as long as it remains above 1.2720.

Conclusion

Trump's remarks added a new political dimension to market activity, strengthening the dollar and raising caution. The Fed maintains its cautious stance, but the market is beginning to calculate the possibility of a change as the election approaches.