The Pound Sterling outperforms its major peers as soft UK data weighs on gilt yields. Market experts project a 100 bps interest rate reduction by the BoE this year. The risk profile turns favorable for risky assets ahead of Trump’s inauguration. The … [Continue reading]
USD/CAD Price Forecast: Pulls back from multi-year highs near 1.4500
USD/CAD retreats from 1.4485, the highest level since March 2020, approached on Monday. The bullish bias remains intact, with the 14-day RSI holding above the 50 mark, signaling sustained upward momentum. The nine-day EMA at the 1.4405 level serves … [Continue reading]
Australian Dollar maintains position following PBoC policy decision
The Australian Dollar appreciates despite a cautious mood ahead of President-elect Donald Trump’s inauguration on Monday. The PBoC maintained its one- and five-year Loan Prime Rates at 3.10% and 3.60%, respectively. Traders adopt caution amid … [Continue reading]
US President-elect Trump to issue executive orders on immigration, energy, government hiring
President-elect Donald Trump could announce as many as 100 executive orders within hours of being sworn in as the 47th President. His executive authority on day one is to push forward his top priorities related to the border, energy, and … [Continue reading]
Kraken team supports Senate in planning strategic Bitcoin reserve, ten states set to approve new legislation
Senator Cynthia Lummis met with the Kraken exchange team to discuss the strategic Bitcoin reserve and comprehensive digital asset frameworks. 10 states have introduced legislation for a strategic Bitcoin reserve. DOGE leader Vivek Ramaswamy could be … [Continue reading]
Top meme coins Shiba Inu and PEPE rally as crypto market maintains bullish momentum
Meme coins Shiba Inu and PEPE have seen double-digit gains in the past 24 hours. SHIB could rally to $0.0000299 if it validates a rounded bottom move. PEPE could rally to tackle its all-time high of $0.0000280 after overcoming a key trendline … [Continue reading]
Gold prices dip in face of strengthening US Dollar
Gold slightly down in late trading, still up 0.40% for the week amid geopolitical tensions. Mixed US economic data; higher Housing Starts, lower Building Permits minimally impact Bullion. Fed Governor Waller's dovish comments suggest potential for … [Continue reading]
Mexican Peso surges as traders eye next week’s inflation data
Mexican Peso recovers as China's 5% GDP growth for 2024 boosts global sentiment. EU-Mexico trade agreement revival pre-Trump inauguration boosts Peso optimism. IMF and World Bank predict modest Mexican growth in 2025, cite domestic and US political … [Continue reading]
Australian Dollar gives up terrain as markets fear US tariffs
AUD/USD dips 0.20% to around 0.6200 on Friday. Upbeat Chinese GDP fails to offset RBA’s dovish signals. Trump’s impending tariff plans fuel cautious market sentiment. AUD/USD returns to negative territory near 0.6200 on Friday, failing to preserve … [Continue reading]
US Dollar attracts buyers as attention turns to Trump
President-elect Donald Trump is expected to unveil a range of executive directives designed to jumpstart fiscal measures, tariffs and stimulus actions. Robust housing figures, including rising permits and starts, suggest that the United States … [Continue reading]