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Daily Global Market Update – 18th March, 2025

Market Update: March 18, 2025

Global markets are alive with volatility, fueled by breaking economic updates, evolving trader sentiment, and commodity shifts. Here’s a look at the hottest developments shaping today’s market, focusing on Trump-related news, oil, CAD, and WTI crude oil:

Trump’s Tariff Threats Escalate Tensions with Europe

President Donald Trump’s “Trump 2.0” agenda is ramping up tariff risks, particularly for Europe, as Standard Chartered notes. His push for aggressive trade policies is raising fears of a retaliatory trade war, unsettling markets and driving uncertainty. This development is tilting sentiment toward safe-haven assets as traders weigh the potential economic fallout.

WTI Crude Hits $68.00 on Geopolitical Heat

WTI crude oil prices are surging past $68.00 per barrel, reaching a two-week peak amid Middle East tensions and optimism over China’s demand outlook. Trump’s hawkish Yemen stance is amplifying supply concerns, while a weaker US Dollar adds fuel to this bullish run, keeping oil markets on edge.

CAD Strengthens Before Canada’s CPI Data

The Canadian Dollar (CAD) is gaining ground ahead of the February CPI release, expected to show a slight easing in inflation. Rising WTI prices are bolstering the commodity-tied currency, though Trump’s tariff warnings against Canada temper the upside. The CPI outcome could either solidify CAD’s gains or spark a pullback.

Oil Prices Climb as Risks Mount

Geopolitical pressures are intensifying in the oil market, with ING pointing to Trump’s Yemen policy as a key driver. WTI’s climb above $68.00 and Brent’s push toward $71.00 reflect heightened Middle East risks and a softer USD. China’s economic optimism further supports this uptrend, keeping crude in sharp focus.

Broader Market Context

Markets are navigating a volatile mix of Trump-driven tariff fears and geopolitical flare-ups. WTI’s surge underscores oil’s sensitivity to Middle East unrest and China’s recovery, while CAD holds firm with an eye on inflation data. Trump’s policies are casting a long shadow, pressuring risk assets and lifting commodity prices. As sentiment wavers, the next moves hinge on US economic signals and global trade developments. Ready to trade these market moves? Create an account now and stay ahead of the curve!

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