Markets

March is over, the pain is probably not. Global equity markets kicked off the week on a negative note ahead of the so-called Liberation Day, April 2nd, the day the Trump administration will reveal the reciprocal tariffs to the rest of the world. Based on the strategy adopted by the White House since the beginning of Trump’s second term, tomorrow’s announcement will likely by exaggerated, overdone, buzzy and nerve-wrecking to make the others fear, react and negotiate. From here, there are many possible scenarios – obviously – but the most likely two are 1. US tariffs sound more reasonable than many fear and global indices rebound on relief until the next tantrum. Or 2. The tariffs are unreasonable – like the 200% levies that Trump threatened the European alcoholic beverage makers with – and the world is pushed into a deeper chaos. The majority of investors appear to be hedging against the second scenario: gold prices continue their journey to the north with little hesitation, the price of an ounce of gold is trading above $3140 this morning and the USDCHF resists into the 0.8850 level. Watch the full episode to find out more! 0:00 Intro 0:32 Count down to tariff announcement 8:57 Crude oil breaks above $70pb but topside could be limited Ipek Ozkardeskaya has begun her financial career in 2010 in the structured products desk of the Swiss Banque Cantonale Vaudoise. She worked at HSBC Private Bank in Geneva in relation to high and ultra-high net worth clients. In 2012, she started as FX Strategist at Swissquote Bank. She worked as a Senior Market Analyst in London Capital Group in London and in Shanghai. She returned to Swissquote Bank as Senior Analyst in 2020. #Liberation #day #tariffs #global #trade #war #rotation #USD #EUR #GBP #JPY #AUD #XAU #Crude #oil #SXXP #Nikkei #CSI #SPX #Dow #Nasdaq #investing #trading #equities #stocks #cryptocurrencies #FX #bonds #markets #news #Swissquote #MarketTalk #marketanalysis #marketcommentary _____ Learn the fundamentals of trading at your own pace with Swissquote's Education Center. Discover our online courses, webinars and eBooks: https://swq.ch/wr _____ Discover our brand and philosophy: https://swq.ch/wq Learn more about our employees: https://swq.ch/d5 _____ Let's stay connected: LinkedIn: https://swq.ch/cH