Gold, Silver, and Platinum Rally as Precious Metals Recover from Sharp Selloff 
Oil Prices Steady as Markets Weigh U.S.-Iran Talks, Dollar Strength Caps Gains 
Oil Prices Climb as Middle East Tensions and U.S. Inventory Data Boost Market Sentiment 
China Services PMI Hits Three-Month High as New Orders and Hiring Improve 
Asian Currencies Strengthen as Indian Rupee and Australian Dollar Rally 
Australian Scandium Project Backed by Richard Friedland Poised to Support U.S. Critical Minerals Stockpile 
Stephen Miran Resigns as White House Economic Adviser Amid Federal Reserve Tenure 
U.S. Stock Futures Edge Lower as Tech and AI Stocks Drag Wall Street Ahead of Key Earnings 
India Services Sector Rebounds in January as New Business Gains Momentum: HSBC PMI Shows Growth 
Despite all his harshest of rhetoric and actions towards ballooning U.S. trade deficit, President Trump seems to have failed to reign on it. Since his inauguration, President Trump and his team have taken actions to reign over the tariffs; imposing tariffs on steel and aluminum, taking harsher steps in terms of anti-dumping and countervailing duties, and imposing tariffs on goods from China but so far the impact isn’t getting reflected in actual data.
According to data from U.S. census bureau, the U.S. goods trade deficit with the rest of the world reached a new record high of $76.98 billion in October. At this rate, the U.S. trade deficit is set to surpass last year’s $795.69 billion in 2018.
The increasing trade deficit with more focused from investors thanks to President’s Trump’s war to reign on it is likely to act as a negative factor for the USD in the longer term.
