China’s counter-tariffs trigger market turmoil; stocks fall, gold rises, and traders brace for rate cuts.
U6 underemployment in the U.S. jumped to 19% in March, indicating significant job market challenges.
Australian Dollar weakens against safe haven currencies due to China tensions, offering learning opportunity for traders.
US average hourly earnings miss expectations; dollar gains, gold nears $3,000, Maker sees large purchases.
Traders anticipate deeper Fed rate cuts amid China’s retaliation and growing fears of economic downturn.
U.S. nonfarm payrolls rose by 228,000 in March, surpassing forecasts and signaling labor market strength.
China’s new 34% tariff on US goods rattles markets, pushing S&P futures and yields lower.
U.S. underemployment dipped to 7.9% as the dollar strengthened, impacting EUR/USD, gold, and crypto.
UBS forecasts under 1% US GDP growth in 2025, downgrades equities outlook, cuts S&P 500 target.
Canada’s March 2025 unemployment rate held steady at 6.7%, signaling job market stability amid evolving conditions.
