CANADIAN DOLLAR AND MEXICAN PESO FALL, EASE SLIGHTLY BUT REMAIN SIGNIFICANT The Canadian dollar and Mexican peso fell sharply but eased slightly after initial trading in the Asia-Pacific region. The Canadian dollar weakened by 1.2%, reaching C$1.469 per USD, marking its biggest fall since September 2022. The
SEVEN FUNDAMENTALS FOR THE WEEK: TRUMP'S TRADE WAR SHADOWS NONFARM PAYROLLS Trump’s tariffs and potential changes are expected to dominate the week’s headlines. The US Dollar (USD) is reacting strongly to tariff news, with markets focused on trade tensions. The Bank of England (BoE) is likely
BITCOIN AND CRYPTO TRADERS LOSE OVER $2.25 BILLION IN LIQUIDATIONS DUE TO TRUMP’S TARIFFS Bitcoin corrected to $91,231 on Monday, dragging down altcoins in a broader market correction. President Trump's tariff announcements triggered a global market crash, impacting Bitcoin and other cryptocurrencies. Derivatives markets saw
BITCOIN PRICE DROPS SHARPLY AMID FEARS OF A NEW US TRADE WAR Bitcoin experienced a sharp decline as fears of a new US trade war triggered a sell-off in cryptocurrencies and riskier assets. The BTC/USD pair fell to its lowest level since January 13, approaching $90,000. A major
ISM MANUFACTURING PMI FORECASTS MODEST UPTICK IN US INDUSTRIAL ACTIVITY The US ISM Manufacturing PMI is expected to show a modest improvement in January. Analysts anticipate a PMI of 49.5, up from December’s 49.3, signaling a slight easing in contraction. A PMI above 50.0 indicates expansion,
EUROZONE JANUARY CPI ABOVE EXPECTATIONS, CORE CPI REMAINS STABLE Eurozone January preliminary CPI rose 2.5% YoY, slightly above the 2.4% expected. Core CPI increased 2.7% YoY, matching the previous month and above the expected 2.6%. The headline CPI accelerated in part due to rising energy prices.
EURO ZONE INFLATION RISES TO HOTTER-THAN-EXPECTED 2.5% IN JANUARY Euro zone inflation accelerated to 2.5% in January, above the expected 2.4%. The rise in inflation was driven by the fading base effects from lower energy prices. Economists had expected inflation to remain unchanged at 2.4% from
GOLD RETREATS AS US DOLLAR STRENGTHENS DUE TO TRUMP TARIFFS Gold prices fell nearly 1% on Monday after reaching an all-time high the previous session. The decline in gold came as the U.S. dollar strengthened. Fears of a global trade war, triggered by Trump’s sweeping tariff measures, boosted
FED MEMBER: I DON’T MIND SLOWING RATE CUTS, ECONOMY ON TRACK Chicago Fed Governor Austan Goolsbee expressed relief that inflation is on track for 2%. Goolsbee highlighted that uncertainty about the Fed’s policy path could impact price levels. He noted that uncertainty could ease as interest rates approach
STOCKS RISE AFTER APPLE EARNINGS AND DECEMBER INFLATION DATA Stocks gained on Friday, boosted by positive earnings reports from Apple and other major companies. Investors also reacted to the release of December’s inflation data. The S&P 500 climbed 0.6%. The Nasdaq Composite advanced 1.2%. The
GOLD WEEKLY FORECAST: US EMPLOYMENT DATA AND TRUMP TARIFFS TO DRIVE ACTION Gold reached a new record high above $2,800 as the US Dollar failed to benefit from Fed policy. US labor market data for January and Trump’s tariff policy will influence gold’s price next week. Despite
S&P 500 LOSES GAINS, DOW FALLS AS WHITE HOUSE ANNOUNCES TARIFFS BEGINNING SATURDAY S&P 500 gave up its gains on Friday after news of President Trump’s tariffs starting on Saturday. The broad market index fell 0.6%. The Dow Jones Industrial Average dropped 345 points,