According to the Bank of Canada's (BoC) minutes from the December 2024 meeting that was released Tuesday, the decision to cut rates by 50 basis points (bps) on December 11 was a close call, with some members of the governing council suggesting a … [Continue reading]
Crypto Today: BTC hits new Trump-era low as Chainlink, HBAR and AAVE lead market recovery
The cryptocurrency market capitalization fell below $3.5 trillion on Monday, marking a 2.4% decline in the last 24 hours. Bitcoin (BTC) price declined 7.2% last week, recording its first weekly loss since Trump’s victory in the election on November … [Continue reading]
USD/CAD returns above 1.4400 despite Canadian GDP beats estimates
USD/CAD bounces back above 1.4400 amid a strong recovery in the US Dollar. US Durable Goods Orders contracted by 1.1% in November, faster than estimates of 0.4%. The Canadian economy expanded by 0.3% in October against expectations of 0.1%. The … [Continue reading]
EUR/USD ticks lower as ECB Lagarde sees a victory over inflation is on the horizon
EUR/USD edges lower as ECB Lagarde is confident that inflation will sustainably return to the bank's target of 2% sooner. The Fed sees fewer interest rate cuts in 2025 as the disinflation process stalls and amid increasing uncertainty over Trump’s … [Continue reading]
Gold price holds comfortably above $2,600 mark; lacks bullish conviction
Gold price oscillates in a range at the start of a new week amid mixed fundamental cues. Geopolitical risks continue to underpin the XAU/USD amid subdued US Dollar price action. The Fed’s hawkish stance backs elevated US bond yields and caps the … [Continue reading]
Trump announces his picks for key positions in the administration
US President-elect Donald Trump is announcing his picks for key positions in his administration. Trump appoints Scott Bessent to lead the Treasury, Howard Lutnick as Commerce Secretary, and Kevin Hassett to lead the National Economic Council, … [Continue reading]
USD/CAD Price Annual Forecast: Battered Loonie unlikely to be saved by Fed rate cuts
The Canadian Dollar had a rough run in 2024, falling to nearly five-year lows. A rapid pace of rate cuts from the Bank of Canada has widened the CAD’s rate divergence. As the Fed ponders slower moves on interest rates, the Loonie’s rate differential … [Continue reading]
USD/MXN Price Annual Forecast: Economic slowdown, monetary policy, Trump to influence the Peso in 2025
Mexican Peso to be driven in 2025 by monetary policy divergence between Banxico and the Fed. Mexico’s economic slowdown and dynamism in the US will boost the Greenback. The USD/MXN is to be underpinned by Trump's trade policies amid the … [Continue reading]
SEC Commissioner Hester Pierce sheds light on Ethereum ETF staking under new administration
SEC Commissioner Hester Pierce revealed in an interview that the agency is optimistic about new changes in 2025. She shared that there will still be uncertainties with certain decisions, even with the new chairman of the agency. Pierce stated … [Continue reading]
Bitcoin dives 3% from its recent all-time high, is this the cycle top?
Bitcoin investors panicked after the Fed's hawkish rate cut decision, hitting the market with high selling pressure. Bitcoin's four-year market cycle pattern indicates that the recent correction could be temporary. Bitcoin ETFs may have altered the … [Continue reading]