Author: FX

Summary:Trump calls for 10% credit-card APR cap for one year, effective Jan 20, 2026. No enforcement detail: unclear if voluntary or government-mandated. Part of a populist “affordability” burst this week (incl. MBS buying idea and ban on institutional home buyers). Big gap to current pricing: Fed data shows 22.30% (Nov 2025) on the key credit-card rate series. Without legislation / clear authority, this looks like headline politics first, policy mechanics later.President Donald Trump has called for a one-year cap of 10% on US credit-card interest rates, saying consumers are being “ripped off” and framing the move as an “affordability” push.…

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Talk about hitting the ground running! If you were hoping to ease into 2026, the market clearly had other plans. This week was a genuine high-wire act for traders, who found themselves juggling major geopolitical shockwaves from Venezuela against a stacked economic calendar. While the headlines kept everyone glued to their news feeds early on, the focus quickly shifted to the U.S., where traders had to position themselves for Friday’s highly anticipated employment report. It was a classic battle of narratives: would political drama or cold, hard labor data dictate price action? From geopolitical jitters to inflation misses…

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EUR/USD prolonged its agony throughout the week, poising to print losses of 0.70%, as it fell 0.20% on Friday, despite the release of mixed economic data in the US. In the European Union, Retail Sales exceeded forecasts, but traders’ focus remains around the dynamics of the US and the Dollar. The pair trades at 1.1636 after hitting a daily peak of 1.1662.Euro remains under pressure despite mixed US data, as investors stay focused on Dollar dynamicsDecember’s US Nonfarm Payroll figures were mixed as the economy added 50K jobs, below forecast for a 60K increase, also below November’s 64K print. Nevertheless,…

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Markets:Gold up $28 to $4503Silver up 3.8%WTI crude up $1.20 to $58.97US 10-year yields flat at 4.17%S&P 500 up 0.8% to fresh recordUSD leads, JPY lagsIt was a lively news day but not as much as it could have been. The Supreme Court released a decision on Friday as expected but it wasn’t about tariffs, so we will continue to wait for that. The next possible date is Wednesday, which has also been scheduled as a ‘decision day’.In terms of what happened, the non-farm payrolls report led to volatile trading. The dollar rose on the kneejerk, then fell around 25…

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Friday was about the jobs report but the week ahead will see the market tilt towards earnings.. The S&P 500 is flirting with 7,000, yields are looking for direction, and the solid economy in 2026 narrative is crowded.The bank numbers and commentary will serve as a high-stakes health check on the US consumer—specifically if loan losses are finally starting to bite. If the consumer is cracking under the weight of higher rates, Jamie Dimon’s commentary will be the first place we see it.Beyond the banks, we’re looking for a signal that the freight recession has found a floor and if…

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