Author: FX

5/5 © Reuters. Taiwan President-elect Lai Ching-te, of Democratic Progressive Party’s (DPP) and his running mate Hsiao Bi-khim wave as they hold a press conference, following the victory in the presidential elections, in Taipei, Taiwan January 13, 2024. REUTERS/Ann Wang 2/5 By Yimou Lee, Sarah Wu and James Pomfret TAIPEI (Reuters) – Taiwan’s president-elect Lai Ching-te could face a tough four years in office with no parliamentary majority, an opposition which wanted to re-start a vexed service trade deal with China and the ever present threat of military action from Beijing. Lai, from the ruling Democratic Progressive Party (DPP), won…

US DOLLAR OUTLOOK – EUR/USD, GBP/USD, USD/JPYThe U.S. dollar has largely stalled its rebound, consolidating around the 102.00 level in recent daysU.S. interest rates expectations shifted in a dovish direction last week, with traders pricing in nearly 160 basis points of easing for the yearDovish wagers on the Fed’s path could be scaled back if central bank officials started pushing back against Wall Street’s projections – a situation that could boost yields and the U.S. dollarMost Read: US Dollar at Critical Juncture after US CPI, Setups on EUR/USD, USD/JPY, GBP/USDU.S. interest rate expectations turned quite dovish last week even though…

Sean Gallup/Getty Images News John Kerry will step down as President Biden’s special envoy for climate this spring after three years on the job, according to multiple reports. The 80-year-old former U.S. secretary of state, senator from Massachusetts and Democratic presidential nominee reportedly plans to help the Biden reelection campaign. The decision comes a month after Kerry played a vital role in negotiating an international agreement announced in Dubai for countries around the world to transition away from fossil fuels. (XLE), (NASDAQ:ICLN), (NASDAQ:QCLN), (PBW), (PBD), (ACES), (CNRG), (ERTH), (SMOG) Separately, the Biden administration released Friday its proposal for determining how…

2/2 © Reuters. A tank manoeuvres next to destroyed buildings in central Gaza, amid the ongoing conflict between Israel and the Palestinian Islamist group Hamas, near the Israel-Gaza border, as seen from Israel, January 13, 2024. REUTERS/Amir Cohen 2/2 LONDON (Reuters) – Israel and Hamas have been waging war for 100 days since gunmen from the Palestinian militant group went on the rampage in southern Israel, triggering an Israeli military campaign in which nearly 24,000 Palestinians have been killed. The war between Israel and Hamas that has raged since October is the latest in a conflict between Israelis and Palestinians…

Liliya Filakhtova It’s been less than a week since the U.S. Securities and Exchange Commission greenlit the country’s first spot bitcoin exchange-traded funds, marking a major milestone that’s expected to lure more investors into the 15-year-old cryptocurrency. Since then, though, bitcoin’s (BTC-USD) price action has been underwhelming, falling to $43.3K as of Friday afternoon from ~$46K at the time of approval. Instead, investors appear to have turned their focus to ether (ETH-USD), the second-largest cryptocurrency, as the token’s price advanced since the clearing of 11 bitcoin ETFs. Since the start of 2024, ETH has climbed 14.4%, while bitcoin (BTC-USD) perked…

© Reuters. FILE PHOTO: U.S. Climate Envoy John Kerry speaks during a press conference, after a draft of a negotiation deal was released, at the United Nations Climate Change Conference COP28 in Dubai, United Arab Emirates, December 13, 2023. REUTERS/Amr Alfiky/File (Reuters) – U.S. climate envoy John Kerry will leave the administration later this and plans to help President Joe Biden’s election campaign, Kerry’s office said on Saturday. Kerry, a U.S former secretary of state, informed his staff earlier on Saturday after speaking with Biden earlier this week, a spokesman for Kerry told Reuters. Axios first reported on Saturday that…

Jan. 13, 2024 1:14 PM ETSprott Uranium Miners ETF (URNM), WGMI, URNJNVD, CONL, EVAV, NVDL, NVDU, NVDX, NVDQBy: Gaurav Batavia, SA News Editor Gainers: T-Rex 2X Long NVIDIA Daily Target ETF (NVDX) +23%. Sprott Junior Uranium Miners ETF (NASDAQ:URNJ) +22%. Sprott Uranium Miners ETF (NYSEARCA:URNM) +20%. Direxion Daily Nvda Bull 1.5X Shares ETF (NVDU) +17%. GraniteShares 1.5x Long NVDA Daily ETF (NVDL) +17%. Losers: GraniteShares 1.5x Long COIN Daily ETF (CONL) -23%. T-Rex 2X Inverse NVIDIA Daily Target ETF (NVDQ) -21%. Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares ETF (EVAV) -17%. Valkyrie Bitcoin Miners ETF (NASDAQ:WGMI) -17%. Graniteshares…

On Thursday — just 30 minutes after the launch of the first US spot ETFs — bitcoin touched a 21-month high of $49,051.The peak of the hype in the first half hour is exactly what you would have expected but in the two days that followed, it’s fallen 12%, raising some big questions about what comes next.First off, there was no way the results were going to match the hype. US investors already have plenty of ways to access bitcoin, including via Coinbase and other exchanges, the BITO futures ETF and many other highly-correlated products. There’s something to be said…

Chet Strange/Getty Images News Brazilian meat giant JBS S.A. continues to struggle with its plan to list its shares in the U.S., but may finally get over the hump. Chief Financial Officer Guilherme Cavalcanti said the world’s largest meat producer decided to allow holders of American depositary receipts to vote on the transaction, but is still trying to appease U.S. regulators and politicians before submitting its plan to a vote. JBS S.A. is facing attacks from at least 15 senators including Democrats Elizabeth Warren and Cory Booker, and Republicans Marco Rubio and Josh Hawley. JBS S.A. announced its dual listing…

2/2 © Reuters. People wait for the opening of the polling station to cast their vote, in Taipei, Taiwan January 13, 2024. REUTERS/Carlos Garcia Rawlins 2/2 By Yimou Lee and James Pomfret TAIPEI (Reuters) -Taiwanese voters swept the ruling Democratic Progressive Party’s (DPP) presidential candidate Lai Ching-te into power on Saturday, strongly rejecting Chinese pressure to spurn him, as Lai pledged both to stand up to Beijing and seek talks. Lai’s party, which champions Taiwan’s separate identity and rejects China’s territorial claims, was seeking a third successive four year term, unprecedented under Taiwan’s current electoral system. “We’ve written a new…