WILL RIPPLE WIN THE APPEAL? SEC CRYPTO ENFORCEMENT UNIT UNDER SCRUTINY The SEC transferred a top litigator from its Ripple case to the IT department. SEC Commissioner Hester Peirce stated the agency is reviewing which crypto assets should be classified as securities. XRP could recover and rally to $4.00
GBP/USD STEADIES AROUND 1.2500, DOWNWARD RISKS AHEAD OF BOE DECISION GBP/USD remains steady around 1.2490 as traders await the Bank of England's (BoE) interest rate decision. The BoE is expected to cut rates by 25 basis points to 4.5%. The US ISM Services
BANK OF ENGLAND RESTARTS MONETARY EASING, CUTTING KEY RATE TO 4.5% Bank of England cuts its benchmark interest rate by 25 basis points to 4.5%. The decision follows concerns over sluggish economic growth in the UK. Seven out of nine members of the Monetary Policy Committee voted in
GOLD PRICE FORECAST: XAU/USD UNSTOPPABLE RECORD RALLY CONTINUES XAU/USD is currently priced at $2,875.41. US services output grew slower than expected in January. Financial markets are moving away from panic selling, though concerns remain. XAU/USD remains bullish, with speculative interest targeting $2,900 despite being
GOLDMAN SACHS DISMISSES US EQUITY MARKET BUBBLE CONCERNS Goldman Sachs rejects concerns of a financial bubble in the US equity market. The bank dismisses "irrational exuberance," a term originally coined by Alan Greenspan. Goldman Sachs attributes the strength of US equities to solid underlying fundamentals.
EUR/USD is rising: The Euro is gaining strength against the US Dollar, moving above 1.0400. US Dollar is weak: The Dollar is losing value, mainly due to uncertainty around trade policies. Trade tariffs impact: The US delayed tariffs on Canada and Mexico but kept a 10% tariff on
Citi lowered Nvidia’s stock price target from $175 to $163 but still recommends buying. The firm is worried about AI growth slowing down and less spending on AI infrastructure. Nvidia’s earnings report is on Feb. 26. Citi expects sales of ~$38 billion in January and ~$42.5 billion
TRUMP FOCUSES ON LOWERING 10-YEAR YIELD, NOT SHORT-TERM RATES Scott Bessent, Treasury Secretary, highlights Trump’s focus on lowering 10-year Treasury yields. Trump says he’s “fine” with the Fed not cutting rates, shifting focus to long-term yields. Achieving this goal requires improving the US fiscal position and addressing inflation.
OIL PARES LOSSES AFTER SAUDI PRICE INCREASE Oil prices rose in early Asian trading on Thursday, recovering from the previous day's sell-off. The rebound followed Saudi Arabia's state oil company raising March oil prices.
STOCK FUTURES CLIMB AFTER S&P 500 POSTS BACK-TO-BACK WINNING SESSIONS U.S. stock futures rose early Thursday following back-to-back winning sessions for major averages. Dow Jones futures added 102 points (+0.23%). S&P 500 futures and Nasdaq 100 futures rose by 0.25% and 0.28%
GOLD HOLDS NEAR RECORD PEAK AS TRADE JITTERS BOOST SAFE-HAVEN DEMAND Gold prices edged higher on Thursday, staying near record highs. Tensions in the China-U.S. trade war boosted demand for safe-haven assets like gold. Investors are waiting for U.S. jobs data for insights into future interest rate decisions.
EUR/USD PRICE FORECAST: CAUTION AHEAD OF NFP EUR/USD rose above 1.0400 on Wednesday, continuing Tuesday's gains. US Dollar remains weak amid ongoing tariff uncertainty. US ADP report exceeded expectations with 183K jobs added in January. DXY dropped below 108.00, reflecting continued USD weakness. The