Author: FX

Summary:West Virginia bill would allow up to 10% of treasury assets into metals and digital assetsOnly bitcoin currently meets the bill’s $750bn market-cap requirementStablecoins would require explicit regulatory approvalSimilar proposals have emerged across the U.S., with limited success so farPolitical support for the bill remains uncertainWest Virginia bill opens door to state investment in bitcoin and precious metals. What could possibly go wrong?A U.S. state lawmaker has proposed legislation that would allow West Virginia’s treasury to allocate a portion of its reserves into precious metals and select digital assets, adding to a growing but still limited push by state governments…

Markets delivered a mixed session on Thursday as a surprisingly robust UK economic rebound clashed with softening manufacturing activity across other regions, while traders parsed Fed commentary that signaled cautious optimism about economic resilience despite ongoing data uncertainty. Check out the forex news and economic updates you may have missed in the latest trading session! Forex News Headlines & Data: Japan PPI for December 2025: 0.1% m/m (0.2% m/m forecast; 0.3% m/m previous); 2.4% y/y (2.5% y/y forecast; 2.7% y/y previous) U.K. RICS House Price Balance for December 2025: -14.0% (-16.0% forecast; -16.0% previous) Australia Consumer Inflation Expectations for January…

The British Pound drops versus the Japanese Yen as the Friday’s Asian session begins, courtesy of Japanese authorities’ verbal intervention, which boosted the Asian currency. The GBP/JPY trades at 212.20 after falling from yearly highs near 214.30.GBP/JPY Price Forecast: Technical outlookThe technical picture shows that the GBP/JPY uptrend is poised to continue, despite the ongoing pullback. It should be said that the pair dipped as a ‘bearish harami’ two candle pattern emerged near yearly highs, followed by a subsequent bearish candle that pushed the cross to new three-day lows of 212.00.Momentum favors sellers as the Relative Strength Index (RSI) retreated…

Article Highlights Daily MACD crossover turns bearish, signaling a loss of upside momentum after GBP/JPY’s rally toward 214.00. Price pulls back from recent highs but remains mid-range near 212.25, not yet testing key support below. Follow-through is key, with traders watching whether downside momentum develops or stalls within the recent range. GBP/JPY has started to lose some upside momentum after a strong run into the 214.00 area, with price easing back modestly from recent highs. While the broader trend remains intact for now, momentum indicators are beginning to shift, hinting that the pace of the move may be changing. The…

Sometimes a Fed official drops a line so good that you have to take a moment to appreciate it. Here is Richmond Fed President Thomas Barkin:The economy has two engines: AI and the richThat’s the kind of clarity and succinctness that really pulls it all together.It speaks to the two investment themes that have been working as well. Everything AI-related has been in a boom since OpenAI released ChatGPT 3 to the world. The rich have been doing well for awhile but last year’s Big Beautiful Bill from Trump further cut taxes and that’s been compounded by huge equity gains…

USD/CAD trades around 1.3900 on Thursday at the time of writing, up 0.10% on the day. The move is mainly driven by renewed strength in the US Dollar (USD), supported by solid US macroeconomic indicators, while the Canadian Dollar (CAD) is weighed down by the pullback in Oil prices.The US Dollar draws support from the latest labor data released in the United States (US). Initial Jobless Claims fell to 198,000 last week from 207,000 previously, well below expectations. Continuing Jobless Claims also declined to 1.884 million, reinforcing the narrative of a still-resilient US economy. These figures reinforce the view that…

Safestore Holdings Plc Non-GAAP EPS of £0.40, revenue of £234.3M misses by £107.97M Source link

If you’ve been waiting for inflation to magically drop back to the Fed’s 2% target, December’s data just delivered a reality check. Consumer prices rose 2.7% year-over-year in December 2025, exactly the same pace as November, while core CPI showed a slower than expected 0.2% monthly uptick. For beginner traders trying to understand why markets reacted the way they did (or didn’t), this inflation report tells a bigger story: It’s about tariffs that haven’t fully hit consumer prices yet, shelter costs that refuse to budge, and a Fed that’s caught between sticky inflation and a cooling job market. Let’s break…

The main highlights of the European session on the news front were the monthly UK GDP data and a Bloomberg report raising the possibility of an earlier than expected BoJ rate hike. The UK data beat expectations across the board but the market reaction was muted. The main reason is the fact that the BoE is mostly focused on inflation for the next rate cut decisions. We then got a Bloomberg report saying that the BoJ officials were paying more attention than before on the weakening yen and its potential impact on inflation. According to people familiar with the matter,…

The Pound Sterling (GBP) trades lower against its major currency peers, falls 0.2% to near 1.3420 against the US Dollar (US) on Thursday, following the release of the United Kingdom (UK) monthly Gross Domestic Product (GDP) data for November.The Office for National Statistics (ONS) has reported that the economy is back in the black strongly. The data showed that GDP growth was 0.3%, faster than estimates of 0.1%. In September and October, the UK economy declined by 0.1% after remaining flat in August.A strong UK GDP figure is expected to impact the Bank of England (BoE) dovish expectations negatively. At…