What can President Trump do for seniors? A lot.
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Greenland, Canada and the Panama Canal: What is the real plan here?
Here is my base case. Greenland: This is a real pet project of Trump’s. He’s a real estate guy, it’s the biggest island in the world and there are only 56,000 people there. Denmark is weak, there is already a US base on the island and there are probably a lot of natural resources waiting
Gold prices dip in face of strengthening US Dollar
Gold slightly down in late trading, still up 0.40% for the week amid geopolitical tensions. Mixed US economic data; higher Housing Starts, lower Building Permits minimally impact Bullion. Fed Governor Waller’s dovish comments suggest potential for early rate cuts. Gold’s price dropped late in the North American session, but it is set to finish the
Dollar holds gains against yen, steadies ahead of Trump inauguration By Reuters
By Laura Matthews NEW YORK (Reuters) – The dollar held gains against the yen on Friday, but ended the week lower after a six-week winning streak, as investors await Donald Trump’s presidential inauguration and clarity on the course of the incoming administration’s policies. The yen was poised for its strongest weekly performance in over a
Trump plans crypto-friendly orders in first few days in power By Reuters
By Gram Slattery, Chris Prentice and Jarrett Renshaw WASHINGTON (Reuters) – President-elect Donald Trump is planning to use his executive powers to reduce the regulatory burden faced by cryptocurrency companies and promote digital asset adoption in his first few days in office, according to three people briefed on the plan. Trump, who courted crypto cash
Forexlive Americas FX news wrap 17 Jan: US Supreme Court affirms decision to shut TikTok.
Markets: Crude oil: $-0.47 at $77.38 Gold $-11.90 or -0.44% at $2701.83 Silver is $0.47 or -1.54% at $30.32 Bitcoin up $4864 or 4.87% at $104,831 The USD is ending the day higher versus all the major currency pairs. The largest move is a 0.74% gain versus the JPY. The dollar rose by 0.61% versus
Markets Weekly Outlook – Trump 2.0 Takes Flight as BoJ Decision Looms
It was a strong week for US stocks and gold, with the S&P rising about 3% by the end of the week. Markets are bracing for potential volatility and policy surprises as Donald Trump is inaugurated as US President. The Bank of Japan (BoJ) meeting on January 24th is a key event, with potential for
European indices close higher. Record closing levels for some of the indices.
The major European indices closed solidly higher not only for the day but also the week. The gains have led to record closes for the German DAX, the UK’s FTSE 100 and Italy’s FTSE MIB. The final numbers for the day show: German DAX, +1.20%. For the week the index rose 3.41%. A new record
Decline in UK Retail Sales sets stage for BoE rate cuts
Pound Sterling tumbles as decline in UK Retail Sales sets stage for BoE rate cuts GBP/USD Price Forecast: Remains below 1.2250 barrier near nine-day EMA GBP/USD snaps two-day win streak, UK Retail Sales in the pipe Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments
U.S. Industrial Production Jumps In December As Utilities, Mining Output Surges
Industrial production in the U.S. increased by much more than expected in the month of December, according to a report released by the Federal Reserve on Friday. The Fed said industrial production jumped by 0.9 percent in December after rising by a revised 0.2 percent in November. Economists had expected industrial production to climb by
Commodity Currencies Slide as Markets Brace for Trump’s Tariff Moves
Sharp selloff in commodity currencies against Dollar is dominating market action as the US session unfolds. While broader trading remains subdued, the sudden weakness in these currencies appears tied to trader caution ahead of President-elect Donald Trump’s inauguration on Monday. Concerns over tariff policies could be the main driver of the moves, in the absence
Go long USD/CNY ahead of Trump’s inauguration
Investing.com – Donald Trump’s inauguration is right around the corner, and UBS has advised its clients to go long the pair to hedge policy risks before the big day. In a light data week, Trump’s inauguration will take center stage next week, according to analysts at UBS, in a note dated Jan. 16. “While we
Canada Canadian Portfolio Investment in Foreign Securities up to $17.85B in November from previous $-2.65B
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any
XAU/USD: Elliott wave analysis and forecast for 17.01.25 – 24.01.25
2025.01.17 2025.01.17 XAU/USD: Elliott Wave Analysis and Forecast for 17.01.25 – 24.01.25 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Major Takeaways Main scenario: Consider long positions from corrections above the level of 2576.36 with a target of 2880.00 – 2976.66. A buy signal: the price holds above 2576.36. Stop Loss: below 2570.00, Take Profit: