US stocks and dollar sink as Trump renews attacks on Fed chair Powell
Currency sell-off intensifies after president steps up criticism of central bank head for not cutting rates
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Investors lose $25bn in leveraged ETFs in sector’s biggest meltdown
Risky funds drop almost a quarter of their value as Trump’s trade war hits market
China to cut interest rates in response to trade war with US
Half-point cut to be made to banks’ reserve requirement ratio and 1tn yuan released into banking system
China will cut interest rates and inject some much-needed liquidity into the domestic economy, as the country steels itself for a bruising trade war with the US.
The People’s Bank of China said on Wednesday it would make a half-point cut to the banks’ reserve requirement ratio, its benchmark interest rate, and release 1tn yuan (£103.6bn) into the banking system.
The man with the plan to end Europe’s Russian gas addiction
Also in this newsletter: Germany, France and the Netherlands urged to clear way for new border checks
Ukraine fails to reach deal with investors to restructure $2.6bn of debt
Kyiv due to make estimated $600mn payment on GDP warrants next month
Gann Trading Reimagined by ONTRD: Complete Guide
Gann Trading by W.D. Gann wasn’t just a trader—he was a visionary who saw geometry, time, and price as parts of one harmonious market rhythm. In the early 1900s, long before digital charts and indicators, Gann was hand-drawing angular price grids and time cycles that forecasted market turns with stunning accuracy. Today, at ONTRD.com, we’ve…