Solana Price Drop: Solana's price fell by 1% on Tuesday. $3 Billion Token Unlock: Investors are worried because Solana will release $3 billion worth of tokens soon. ETF Interest: Franklin Templeton, a big investment company, may launch a Solana exchange-traded fund (ETF). New Filing: The company filed for
AUD/USD is steady near its highest level in two weeks. Traders are waiting for US inflation data before making new moves. Different expectations for US and Australian interest rates affect the pair. US-China trade tensions limit the Aussie dollar’s gains. A weaker US dollar helps support AUD/USD.
TRUMP'S TARIFFS “PUNITIVE,” FORMER AMBASSADOR WARNS OF JOB LOSSES Former U.S. Ambassador to Singapore, Frank Lavin, criticizes Trump’s tariffs as "punitive." Lavin warns tariffs will lead to job losses in the U.S. and negatively impact the auto industry. He anticipates “bad news” in
STOCKS FALL AMID GLOBAL TRADE TENSIONS AND AWAITED POWELL TESTIMONY U.S. stocks declined as traders awaited Jerome Powell’s testimony. Concerns over escalating global trade tensions weighed on the market. Dow Jones lost 123 points (-0.3%). S&P 500 dipped 0.3%. Nasdaq Composite shed 0.5%
OIL PRICES CLIMB AFTER U.S. TARIFF CONCERNS Oil prices rebounded on Monday after last week's declines. Investors shrugged off U.S. President Trump’s latest tariff threat on steel and aluminium. Brent crude up 1.06%, at $75.45 per barrel. U.S. WTI crude rose 1.
US TARIFFS ON CHINA COULD BE PAUSED IF PROGRESS MADE ON FENTANYL WSJ reports that US 10% tariffs on China could be paused if "serious headway" is made on fentanyl. The potential pause hinges on the next Trump-Xi meeting. The call was delayed last week and hasn'
AUSTRALIA BUSINESS CONFIDENCE IMPROVES IN JANUARY NAB January 2025 business survey shows confidence at +4 (prior -2). Business conditions at +3, down from prior 6. Sales and profits declined (sales -4, profits -2). Labour costs up 1.8% quarterly. Purchase cost growth slowed to 1.1%. Retail prices rose 0.
The GBP/USD currency pair is going down and staying near 1.2350. Investors are being careful and not taking risks. The US increased import tax on steel and aluminum to 25%. This makes it hard for GBP/USD to rise again.
FED'S HAMMACK OUTLINES ECONOMIC OUTLOOK AND POLICY STANCE The economy is in a good place, and the job market is solid, says Fed's Hammack. Fed is well-positioned to respond to economic changes. A patient approach to rates will allow time to assess the economy. Likely appropriate
DOLLAR HOLDS STEADY AHEAD OF FED TESTIMONY AND INFLATION DATA The US dollar remains steady after Trump imposed tariffs on metal imports. The dollar index is trading at 108.190, steady against a basket of currencies. Key events this week: Jerome Powell's testimony and upcoming consumer price index
Gold prices hit a record high on Tuesday. Investors bought more gold because they see it as a safe choice. U.S. President Donald Trump added new tariffs (25%) on steel and aluminum imports. People worry about a trade war and higher prices (inflation).
TRUMP'S POLICIES FACING RESTRICTIONS, MUSK CRITICIZES COURT DECISIONS Trump's policies on Government Efficiency, led by Elon Musk, face numerous restrictions. Multiple lawsuits and strict rulings from judicial circuits have impacted his policies. Both Trump and Musk criticize the lawsuits, with Musk calling for the dismissal of