Author: FX
The US Dollar falls lower against all major currencies. JOLTS Job Openings for December point to further job cooling in opening. The US Dollar Index (DXY) sees pressure at 108.00 for a break lower. The US Dollar Index (DXY), which tracks the performance of the US Dollar against six major currencies, is dipping lower in immediate reaction to the US Jolts Job Openings report for December. The actual number came in far lower, at 7.6 million against the expected 8 million. Clearly the US job market is starting to see lower demand for workforce as the JOLTS numbers is steadly…
CleanSpark (NASDAQ:CLSK) produced 626 Bitcoin in January. Total bitcoin holdings as of January 31 of 10,556. Throughout January 2025, the company’s average hashrate was 34.76 EH/s and average fleet efficiency was 17.37 J/Th, resulting in an average of 20.19 bitcoin mined daily. Source link
South Korean military officer says he believed Yoon's martial law 'legitimate' Source link
Fundamental OverviewThe USD opened the week higher across the board as Trump followed through with his threats and imposed tariffs on Canada, Mexico and China on Saturday. Thankfully, it seems like Trump continues to use tariffs as a way to bring countries to the table and get some resolutions on his demands.In fact, after some positive talks yesterday, the tariffs on Mexico and Canada have been paused for 30 days which brought some risk-on sentiment and weighed on the US Dollar. Today, Trump is expected to speak with Xi and positive news should weaken the greenback further.On the CAD side,…
Gold rose to a new all-time high after US President Donald Trump imposed tariffs on Canada, Mexico and China, driving investors to safe havens, ING’s commodity analysts Warren Patterson and Ewa Manthey notes.Gold is at a new record high“However, the strength in the USD did provide some strong headwinds to Gold prices through the day yesterday. Despite the US coming to a deal with Canada and Mexico, which will see tariffs delayed by at least a month, the uncertainty over trade and tariffs continues to buoy Gold prices. ”“Total known Gold ETF holdings have increased by more than 590k oz…
Ex-NATO chief Stoltenberg to become Norway's finance minister, local media report Source link
At the end of it all, the tariff can gets kicked down the road. Trump pushed the 25% tariffs on Canada and Mexico to a month from now, allowing for trade negotiations to take place in the meantime. His team might be pushing the narrative that with Canada, it’s a fentanyl issue. However, most of his disdain towards Canada seems to be on trade. So, go figure.As things stand, all there’s left is that 10% tariffs on China – at least in this opening salvo. But Trump did say that there would be talks with Xi “probably in the next…
U.S. crude oil prices almost hit the $75.00 level but dropped back down to its current $72.00 price area. What’s up with that?! We’re checkin’ out WTI crude oil’s 4-hour chart to see if the bulls can expect some gains in the next few days: WTI Crude Oil (USOIL) 4-hour Chart by TradingView Crude oil took a hit yesterday as tariff worries eased after the U.S., Canada, and Mexico decided to pump the brakes on their tariff plans—for now, at least. Adding to the pressure, OPEC+ and its crew are sticking with their plans to ramp up production starting in…
GBP/USD could lose ground as China is set to be hit with a 10% across-the-board tariff on Tuesday. Trump said on Monday afternoon that talks with China would take place probably over the next 24 hours. Traders expect the BoE to deliver a 25 basis point rate cut on Thursday amid signs of slowing inflation in the UK. GBP/USD continues to gain ground for the second successive session, trading around 1.2430 during the Asian hours on Tuesday. The pair improved amid improved risk-on sentiment after US President Donald Trump announced late Monday that he would pause tariffs on Mexico and…
Woodward narrows 2025 EPS guidance to $5.85-$6.25 amid aerospace growth and industrial challenges Source link