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]
China Producer Price Index (YoY) came in at -2.3% below forecasts (-2.1%) 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]
XRP sees gains ahead of Depository Receipts launch, Brad Garlinghouse set to join White House crypto council
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]
XRP could rally ahead of Depository Receipts launch; Brad Garlinghouse set to join White House crypto council
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]