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
Wells Fargo shares rallied Wednesday after the bank delivered better-than-expected earnings for the fourth quarter. While the reported numbers were solid, an upbeat outlook for 2025 stole the show. Total revenue for the three months ended Dec. 31 dipped 0.5% year over year to $20.38 billion — missing analysts’ expectations of $20.59 billion, according to
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
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
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
After soft US inflation data, Gold February futures contracts at MCX opened flat on Thursday at Rs 78,805 per 10 gram, which is up by 0.12% or Rs 95 while silver March futures contracts were trading at Rs 93,139/kg, up by 0.3% or Rs 283. Gold prices have risen by Rs 840/ 10 grams in
Yen’s recovery gained some momentum today on as speculation over an imminent BoJ rate hike. Governor Kazuo Ueda reinforced Deputy Governor Ryozo Himino’s earlier comments, suggesting that next week’s policy meeting could bring a shift in monetary policy. The unified tone from BoJ’s leadership is seen a calculated effort to prime markets for potential action.
Customers shop for clothing at a Costco store on December 11, 2024 in Novato, California. Justin Sullivan | Getty Images A measure of wholesale prices increased less than expected in December, providing indication that pipeline inflation pressures eased to close the year. The producer price index rose just 0.2% on the month, less than the
A logo of Taiwan Semiconductor Manufacturing Company (TSMC) is seen during the TSMC global RnD Center opening ceremony in Hsinchu on July 28, 2023. (Photo by Amber Wang / AFP) Amber Wang | Afp | Getty Images Taiwan Semiconductor Manufacturing Company‘s fourth-quarter revenue and profit beat expectations, as demand for advanced chips used in artificial
The US Dollar is easing in the last trading session before Trump’s inauguration. Markets are clueless on what to do next after Fed’s Waller comments a March rate cut is still in the cards. The US Dollar Index (DXY) moves below 109.00 and is looking for further direction. The US Dollar Index (DXY), which tracks the
The USDJPY last week, moved up to test a key target on the daily chart near 158.88. Sellers leaned and pushed the price off those levels into the close a week ago today. This week, the price of the USDJPY has stepped lower after peaking on Tuesday near the high of a swing area at
The EURUSD bottomed this week on Monday after falling below the 61.8% of the move up from the 2022 low to the 2023 high at 1.0200. That break could not be sustained. The seller had their shot. They missed. The subsequent move higher saw the pair peak near the 38.2% of the move down from
The GBPUSD traded to new lows going back to November 2023 on Monday, but fell short of downside targets on the daily chart at 1.2039 to 1.20686. The low reached just below the 1.2100 level at 1.20989. The price bounced but quite frankly the price action was sloppy and misbehaving to the technicals for the
In the above video, I take a look at the technical levels in play for the AUDUSD heading into the new trading week. For the week, the low on Monday traded to a new low going back to 2020, but could not sustain the bearish momentum. The subsequent rise saw a double top established at
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
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 major US stock indices are closing higher for the day and for the week. The week gain, is the first for the new trading year for the broader indices. For the day: Dow industrial average rose 334.70 points or 0.78% at 43487.83 S&P index rose 59.32 points or 1.00% at 5996.66 NASDAQ index rose
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
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