Forex markets are trading quietly in the Asian session, remaining within Friday’s range and showing little impetus to move decisively in either direction. Dollar is staying on the back foot, with a lack of substantial buying interest to sustain a meaningful rebound. While last week’s non-farm payroll data helped calm fears of a rapid labor […]
Japan’s leading index increased less-than-expected in January to the highest level in three months, preliminary data from the Cabinet Office showed on Monday. The leading index, which measures future economic activity, rose to 108.0 in January from a downwardly revised 107.9 in December. The score was forecast to increase to 108.4. Likewise, the coincident index
Gold prices remained broadly unchanged in Saudi Arabia on Monday, according to data compiled by FXStreet. The price for Gold stood at 350.93 Saudi Riyals (SAR) per gram, broadly stable compared with the SAR 350.96 it cost on Friday. The price for Gold was broadly steady at SAR 4,093.09 per tola from SAR 4,093.57 per
Michael Saylor, the founder of Strategy, has proposed that the U.S. government acquire 25% of Bitcoin’s total supply by 2035 to establish a Strategic Bitcoin Reserve. He suggests that the government systematically purchase 5-25% of Bitcoin’s supply through daily acquisitions between 2025 and 2035, by which time 99% of Bitcoin will have been issued. Saylor
The value of overall bank lending in Japan was up 3.1 percent on year in February, the Bank of Japan said on Monday – coming in at 635.468 trillion yen. That was in line with expectations and up from the downwardly revised 2.9 percent increase in January (originally 3.0 percent). Excluding trusts, bank lending climbed
China’s Minister of Housing and Urban-Rural Development, Ni Hong, said on Sunday that the country’s property sector has shown positive change with market confidence improving. Hong further stated that the government will promote the purchase of existing housing and expand urban village renovation, per Reuters. Key quotes Said that the country’s property market is showing
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A week ago on Sunday, US President Trump made a mess of the crypto market but tweeting about a crypto reserve including Solana, Ripple and Cardano. A U.S. Crypto Reserve will elevate this critical industry after years of corrupt attacks by the Biden Administration, which is why my Executive Order on Digital Assets directed the
China inflation data for February 2025: Consumer Price Index -0.7% y/y, falling back into negative for the first time since January 2024 expected -0.5%, prior +0.5% Consumer Price Index -0.2% m/m expected -0.1%, prior +0.7% Producer Price Index -2.2% y/y expected -2.1%, prior -2.3% China’s National Bureau of Statistics (NBS) blames the y/y drop back
Mon: Eurogroup Meeting, Norwegian CPI (Feb), EZ Sentix Index (Mar), Japanese GDP (Q4) Tue: EIA STEO Wed: 25% US tariff on all imports of steel and aluminium comes into effect, BoC Announcement, ECB Wage Tracker, OPEC MOMR, US CPI (Feb) Thu: IEA OMR, EU-South Africa summit, Swedish CPIF (Feb), EZ Industrial Production (Jan), US PPI
The sharp contrast between Europe’s newfound unity and the ongoing tariff chaos in the US has been a defining theme in the financial markets. Euro’s extraordinary strength last week reflected growing investor confidence in the region’s strategic shift toward fiscal expansion and defense spending. From the formation of the “Coalition of the Willing” to the
Politics and diplomacy can be an amazing thing. Sometimes when you’re in the middle you can leverage both sides and get good deals with everyone. Other times, both sides use you as a punching bag. After getting beaten up by Canada’s ‘best friend’ all week in the USA, China decided to pile on over the
