By Douglas Gillison, Tom Bergin, Chris Prentice and Isla Binnie WASHINGTON – President Donald Trump’s administration is expected to usher in a boom time for crypto but a Reuters review shows very few members of the incoming congress are invested in bitcoin or other digital currencies. On Thursday, Trump signed an order to create a […]
Trump failed to provide guidance on the proposed 25% tariff on Canadian goods. The US president said the Fed should continue lowering borrowing costs. Data from Canada revealed that retail sales made no change in November. The USD/CAD outlook shows the impact of Trump’s tariff threats fading, allowing the Canadian dollar to recover. On the
Dollar’s decline accelerated as the week progressed towards the last day, weighed down by strong risk-on sentiment and investor optimism. S&P 500 closed at a new record high on Thursday, with NASDAQ and DOW poised to follow soon. Contributing to this sentiment were remarks from US President Donald Trump at the World Economic Forum, where
2025.01.24 2025.01.24 Short-Term Analysis for Oil, Gold, and EURUSD for 24.01.2025 Alex Rodiоnovhttps://www.litefinance.org/blog/authors/alex-rodionov/ I welcome my fellow traders! I have made a price forecast for the USCrude, XAUUSD, and EURUSD using a combination of margin zones methodology and technical analysis. Based on the market analysis, I suggest entry signals for intraday traders. Gold continues to
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
The Bank of Japan is set to hike interest rates to 0.50% on Friday. All eyes will remain on the language in the policy statement and Governor Ueda’s press conference. The Japanese Yen could witness intense volatility on the BoJ policy announcements. The Bank of Japan (BoJ) is widely expected to raise the short-term interest
By Hannah Lang and Trevor Hunnicutt (Reuters) -U.S. President Donald Trump on Thursday ordered the creation of a cryptocurrency working group tasked with proposing new digital asset regulations and exploring the creation of a national cryptocurrency stockpile, making good on his promise to quickly overhaul U.S. crypto policy. The much-anticipated action also ordered that banking
S&P Global Australian Flash PMIs for January 2025:> Manufacturing PMI: 49.8 prior was 47.8 jumps to a 12- month high Services PMI 50.4 Composite 50.3 From the reports, comments from Jingyi Pan, Economics Associate Director at S&P Global Market Intelligence: “The first set of S&P Global Flash Australia PMI data for 2025 brought positive news
Bitcoin’s price has been range-bound since reaching a fresh all-time high on inauguration day. The upcoming FOMC meeting may serve as a catalyst for Bitcoin’s price. Volatility measures suggest that a major price move is incoming. Bitcoin’s technical analysis shows a messy daily timeframe and a breakout of a symmetrical triangle pattern on the H2
United States (US) President Donald Trump ran through a long list of grievances while delivering his remarks during the World Economic Forum hosted in Davos, Switzerland on Thursday. President Trump reiterated his concerns that the US’ trade deficit with Canada, which amounts to 4% of the US’ total trade imbalance, is unsustainable. President Trump also
While Yen remains the worst performer of the week so far, it has stabilized as the markets await the highly anticipated BoJ rate hike in the upcoming Asian session. Expectations for this rate move were well set by comments from BoJ Governor Kazuo Ueda last week. Risks from US political developments—specifically tariff policies under President
The dollar recovered on Wednesday after Trump’s tariff policy plans became clearer. Traders look forward to central bank meetings in the US and Japan. Traders are pricing a 96% chance of a BoJ rate hike on Friday. The USD/JPY forecast shows a pause in the dollar’s recent climb as market participants await key central bank
Fundamental Overview The S&P 500 has been keeping the bid since last week as the softer than expected US inflation data gave the market a boost. We haven’t got any key economic report since then and no comment from Fed speakers given that they are in the blackout period. The main driver of the price
Bank of America (BofA) released a report expressing concerns over the sustainability of the Korean Won’s recent performance, predicting that the currency is likely to face challenges in the coming months due to potential global trade tensions and Korea’s export outlook for 2025. The report comes on the heels of the inauguration of the second
The forex markets remain unusually quiet today, with Dollar staying soft despite multiple attempts to rebound. The greenback has only managed meaningful gains against the weaker Yen and the struggling Canadian Dollar, while failing to build momentum against other major currencies. With little in the way of significant economic data on the calendar today, trading
