XRP saw brief gains above 4% following reports of the launch of XRP Depository Receipts. The receipts function similarly to an ETF, providing investors access to XRP's price without holding the asset. Ripple CEO Brad Garlinghouse is among … [Continue reading]
Ethereum Price Forecast: ETH could hit $1,200 as Trump announces plans for reciprocal tariffs next week
Ethereum price today: $2,590 Ethereum bears lead the market as President Trump announces plans for reciprocal tariffs on several countries next week. ETH's decline mirrors that of the S&P 500, underscoring crypto's rising correlation with the US … [Continue reading]
Colombia Consumer Price Index (MoM) registered at 0.94% above expectations (0.82%) in January
The January payrolls number was weaker than expected at 143k, vs a reading of 175k. However, to counteract the downside surprise in the NFP number, the unemployment rate fell to 4% from 4.1%, and average wage data jumped by 0.5% on the month, to … [Continue reading]
Colombia Consumer Price Index (YoY) came in at 5.22%, above expectations (5.11%) in January
The January payrolls number was weaker than expected at 143k, vs a reading of 175k. However, to counteract the downside surprise in the NFP number, the unemployment rate fell to 4% from 4.1%, and average wage data jumped by 0.5% on the month, to … [Continue reading]
Gold price rises as trade war tensions remain elevated
Gold gains as traders react to President Trump's threat of new reciprocal tariffs, enhancing its safe-haven status. US Nonfarm Payrolls fall short of expectations, yet a declining Unemployment Rate suggests a resilient labor market. PBoC’s increased … [Continue reading]
BlackRock doubles down on Bitcoin with a 5% stake in Strategy
Bitcoin failed to rally as BlackRock increased its stake in Strategy (formerly MicroStrategy), according to a filing with the SEC. The asset manager now holds 11.2 million shares of Strategy's stock, commanding a 5% ownership of the company. … [Continue reading]
Forecasting the upcoming week: Enter Powell and US CPI data
Despite a resurgence of optimism in the latter half of the week, the Greenback was unable to reverse its weekly pullback. Meanwhile, tariff headlines, caution from Fed policymakers, and the upcoming release of US CPI data—along with Powell’s … [Continue reading]
EUR/USD trades with caution as US NFP looms large
EUR/USD drops slightly to near 1.0370 as investors await the US NFP data for January. The Fed is expected to cut interest rates in the June policy meeting. ECB’s Cipollone expects the impact of tariffs on China to be deflationary for the … [Continue reading]
Gold price sticks to modest intraday gains, remains close to record high ahead of US NFP
Gold price regains positive traction following the overnight modest pullback. Trade war fears continue to act as a tailwind for the safe-haven XAU/USD pair. Fed rate cut bets and subdued USD demand further lend support to the bullion. … [Continue reading]
Japanese Yen moves away from near two-month top against USD; downside seems limited
The Japanese Yen retreats after touching a two-month high against the USD on Friday. The narrowing US-Japan rate differential should limit losses for the lower-yielding JPY. Subdued USD price action might cap the USD/JPY pair ahead of the US NFP … [Continue reading]