US President Donald Trump on Monday threatened to impose a 5% tariff on Mexico if it doesn't immediately provide additional water to help US farmers, accusing the country of violating a decades-old treaty that grants US farmers access to water from … [Continue reading]
Dow Jones Industrial Average sheds 200 points as Treasury yields rise
The Dow Jones Industrial Average fell back from the 48,000 handle on Monday as investor expectations for an upcoming interest rate cut from the Federal Reserve (Fed) were overridden by a fresh upswing in 10-year Treasury yields.Rising Treasury yields … [Continue reading]
XRP steadies near $2.10 as ETFs attract inflows, retail demand subdued
Ripple (XRP) is trading at around $2,10 at the time of writing on Monday, after bouncing off its short-term support at $2.00. The cross-border remittance token has continued to receive steady support from institutional investors through spot Exchange … [Continue reading]
Silver consolidates as markets await Fed decision amid geopolitical tensions
Silver (XAG/USD) remains stable at the start of the week, trading around $58.40 on Monday at the time of writing, up 0.1% on the day. The white metal extends its consolidation phase, as investors avoid taking fresh positions before the Federal … [Continue reading]
Japanese Yen bulls seem hesitant ahead of the crucial Fed rate decision on Wednesday
The Japanese Yen (JPY) extends its sideways consolidative price move through the early European session on Monday, though the near-term bias seems tilted in favor of bullish traders. Japan's wage growth data reaffirmed market bets for an imminent … [Continue reading]
USD/CAD holds onto Friday’s losses around 1.3800, investors await Fed-BoC policy
The USD/CAD pair trades weakly near its 11-week low around 1.3800 during the Asian trading session on Monday. The Loonie pair fell drastically on Friday after the release of the Canadian labor market report for November, which showed that the … [Continue reading]
Japan says Chinese fighter jets targeted its aircraft near Okinawa
Japan said that Chinese fighter jets twice directed fire-control radar at its F-15 aircraft over international waters near Okinawa, calling the incidents highly unsafe, Reuters reported on Sunday.Defence Minister Shinjiro Koizumi said … [Continue reading]
China Foreign Exchange Reserves (MoM) below expectations ($3.36T) in November: Actual ($3.346T)
EUR/USD now loses some traction and slips back to the area of daily lows around 1.1630 on the back of a mild bounce in the US Dollar. Fresh US data, including the September PCE inflation numbers and the latest read on December consumer sentiment, … [Continue reading]
Bitcoin Weekly Forecast: BTC slips under $90K, no santa rally in sight
Bitcoin traders are counting on a year-end rally, awaiting a return above the $100,000 milestone. Bitcoin-based investment products are struggling with declining inflows and weaker institutional demand, relative to the beginning of the year. As … [Continue reading]
Colombia Consumer Price Index (YoY) below forecasts (5.45%) in November: Actual (5.3%)
EUR/USD now loses some traction and slips back to the area of daily lows around 1.1630 on the back of a mild bounce in the US Dollar. Fresh US data, including the September PCE inflation numbers and the latest read on December consumer sentiment, … [Continue reading]