ELON MUSK CALLS FOR CLOSING ALL US GOVERNMENT AGENCIES Elon Musk urges the US government to cut out entire agencies to improve efficiency and reduce spending. Musk made the comments at the World Government Summit in Dubai. He participated via video link during a meeting with the UAE's
MIXED RESULTS IN RESERVE BANK OF NEW ZEALAND INFLATION EXPECTATIONS 1-year inflation expectations rose to 2.15% from 2.05%. 2-year inflation expectations slightly dropped to 2.06% from 2.12%. The 2-year figure is more closely watched by policymakers for assessing the impact of monetary policy. 1-year increase might
The US is checking January's inflation data (CPI) to see if prices are rising more slowly. Investors are debating when and how much the Federal Reserve will cut interest rates in 2025. The inflation report will help decide the Fed’s next steps.
EUR/USD went up: The Euro rose above 1.0400 against the US Dollar on Wednesday. US Dollar lost strength: The Dollar couldn't hold onto its gains after the inflation report (CPI). Powell repeated his message: The US Federal Reserve Chief, Jerome Powell, gave the same comments in
FEAR AMONG RETAIL TRADERS COULD LEAD TO TESTING ALL-TIME HIGH Bitcoin remains rangebound below $100,000 on Thursday. Retail traders and small investors are capitulating due to fear, leading to a drop in non-empty wallets to the lowest since December 10. Imran Lakha suggests Bitcoin's volatility could normalize
OIL PRICES FALL AS UKRAINE PEACE DEAL EXPECTED TO EASE SUPPLY DISRUPTIONS Oil prices dropped on Thursday. Potential Ukraine-Russia peace deal could end sanctions, easing supply disruptions. Trump's plan for reciprocal tariffs raised inflation concerns.
The EUR/USD exchange rate is rising for the third day in a row. It is now close to 1.0450. This happened during Asian trading hours on Thursday. Traders are waiting for Germany’s inflation data (HICP).
Gold price is going up for the second day in a row. This is happening because of two main reasons: Worries about Trump’s trade tariffs. The US dollar is getting weaker. These factors are making more people buy gold.
PBOC TO ISSUE YUAN SOVEREIGN BONDS IN HONG KONG PBOC will issue yuan sovereign bonds in Hong Kong. The move aims to support the yuan’s global use and manage offshore liquidity. Strengthens Hong Kong’s financial market and signals China’s commitment to financial opening. Helps stabilize the yuan’
Gold price is above $2,900 but very volatile. Investors are watching US economy and Trump’s tariff plans. If tariff fears rise, gold prices may go up. People are buying gold when prices drop (buy-the-dip strategy).
GBP/USD is going up for the third day in a row. It is now around 1.2460. Traders are waiting for the UK's GDP report coming later today.
Bitcoin and other cryptocurrencies went up a little on Wednesday. This happened after new U.S. inflation (CPI) data was released. Former U.S. President Donald Trump talked to Russia’s Putin and Ukraine’s Zelenskyy. Trump is trying to help with peace talks between Russia and Ukraine. The crypto