The Swiss National Bank (SNB) Governor, Martin Schlegel, spoke at the World Economic Forum in Davos. He said inflation in Switzerland is under control and within the bank’s target. Schlegel is not worried about inflation right now. However, he said the bank might use negative interest rates in the
XAU/USD PAUSES BUT REMAINS BULLISH Gold took a pause on Thursday after hitting a three-month high of $2,763 on Wednesday. Uncertainty around Trump's tariffs and mixed signals from China are leaving both gold and the US Dollar in a holding pattern. Gold remains technically bullish, with
Jamie Dimon, CEO of JPMorgan Chase, said tariffs can be used both as an economic tool and a weapon. He believes national security is more important than the economic effects of tariffs. Dimon commented on US President Trump's plan to impose tariffs on goods from Mexico, Canada, the
Boosting Fossil Fuels: Trump signed orders to increase oil, gas, and coal production in the U.S. Canceling Climate Policies: He rolled back rules aimed at fighting climate change. Uncertain Impact: Oil companies say production depends on market prices, not government orders. Legal Challenges Likely: Some of Trump’s decisions
GOLD PRICE FORECAST: XAU/USD ON TRACK TO REACH RECORD HIGHS Gold prices stayed above $2,760 on Wednesday, continuing their upward trend. The US Dollar regained strength, but gold still maintained its bullish bias. Ongoing uncertainty around Trump’s policies, especially regarding tariffs, is supporting gold prices. Gold saw
TRUMP'S DAY THREE: USD DECLINES AS TARIFFS REMAIN UNCERTAIN The U.S. dollar is weakening as time passes without tariffs being imposed. While tariffs against Europe, China, Canada, and Mexico remain possible, the timeline is unclear, and the market is growing less sensitive to the threats. Markets are
RIPPLE’S XRP ETF: SEC APPROVAL POSSIBLE WITH CME FUTURES LAUNCH CME Group is rumored to launch XRP and Solana futures on February 10, though the page was later taken down. The potential futures launch could lead to an increase in XRP and Solana ETF applications. XRP is consolidating and
The U.S. Securities and Exchange Commission (SEC) is creating a special group to focus on cryptocurrency rules. This group will work on making clear rules for crypto assets. Their job includes: Defining clear rules for cryptocurrencies. Helping companies follow registration rules. Creating fair guidelines for sharing information. Using enforcement
Stocks went up on Wednesday. The S&P 500 index increased by 0.5%, getting close to its highest level ever. Technology stocks like Oracle and Nvidia grew because of excitement about artificial intelligence. Netflix and Procter & Gamble also did well after reporting strong profits. The Nasdaq index
UK NOT AFFECTING US TRADE DEFICIT, SAYS BRITAIN'S FINANCE MINISTER The UK is not contributing to the trade deficits that President Trump is concerned about. Trump is focused on countries with large trade surpluses with the U.S., but the UK does not have such surpluses. UK Finance
Oil prices went up on Wednesday after falling the day before. Traders are considering President Trump's energy policies and his threats about tariffs. A weaker U.S. dollar helped support oil prices because it makes oil cheaper for buyers using other currencies.
Investors are positive about the US dollar and US stocks, but negative about other assets. Cash holdings dropped to 3.9%, the lowest since June 2021. This triggered a “sell” signal, which suggests stock returns might weaken in the coming months.