Global markets are buzzing in anticipation of Donald Trump’s inauguration on January 20, yet the latest developments suggest investors may already be looking past the immediate impact. Despite speculation surrounding Trump’s policies—particularly tariffs—various benchmarks and asset classes are charting their own directions based on localized drivers and monetary policy expectations. In the US, the strong […]
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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 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
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
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
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
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
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
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
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
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
