europefx Key Takeaways: 💷 The pound is near three-month lows against the dollar, impacted by easing inflation in the UK 🏦 Bank of England has lowered interest rates, expecting higher inflation and economic growth 🇬🇧 UK inflation has led to slower rate cuts compared to other regions 💸 Market pricing in minimal chance of rate cut … Read more
Key Takeaways: 💲 The U.S. dollar slipped slightly ahead of key US inflation data release 📉 Dollar Index traded lower to 105.850, after being above 106 for the first time since May 🛡️ Dollar benefiting from Trump’s policies leading to expectations of lower taxes and trade tariffs 📈 Economists predict a potential increase in the … Read more
Key Takeaways: 💵 U.S. dollar at 6-1/2-month peak driven by "Trump trades" 🔍 Market focuses on U.S. inflation data and potential policies under Trump administration 📈 Expected rise in U.S. inflation could further boost the dollar 🗓️ Fed Chair speech, wholesale price data, and retail sales results upcoming 📉 Bitcoin pause in climb, while smaller … Read more
Key Takeaways: 💵 The U.S. dollar remains strong against major peers due to Trump’s election victory 📈 Inflation data, including CPI, is anticipated to impact Fed policy and market reactions 📅 Various economic data releases and speeches by Fed Chair Powell scheduled this week 🇪🇺 The Euro faces challenges amid political uncertainty in Germany and … Read more
Key Takeaways: 💸 The rupee experienced mild relief due to a slight recovery in Asia. 📈 Market sentiment improved as concerns eased over US inflation. 🇨🇳 Traders looking for more stimulus measures from China. 📈 Dollar index steadied near 4-month high in Asian trade. 📊 Traders trim bets on 25 basis point cut in December. … Read more
Key Takeaways: 💵 U.S. dollar reached a 6-1/2-month high against major peers 📈 Bitcoin reached a new all-time peak near $90,000 🏦 Expectations of inflationary import tariffs under Trump administration 💰 Higher tariffs may lead to higher prices, impacting Federal Reserve interest rates 📉 Euro at a 7-month low, yuan weakest in more than 3 … Read more
Key Takeaways: 💸 14.2% of U.S. households are underbanked 📈 Over 6% of underbanked households own digital currencies 📊 1 in 8 shoppers using buy-now-pay-later (BNPL) services have missed payments 🏦 Disparities in banking access still prevalent among different demographic groups The Rise of Cryptocurrency Ownership Among Underbanked Households A recent report by the FDIC … Read more
Key Takeaways 💵 Dollar rose to a four-month peak against major peers 📈 Bitcoin extended its record rally 🇨🇳 Yuan slumped to its lowest in more than three months due to potential Trump tariffs 🇪🇺 Euro languished at a seven-month trough due to political pressures in Germany 🇺🇸 U.S. equities, interest rates, and dollar continue … Read more
Key Takeaways 💵 Dollar has room to rally further according to Morgan Stanley 📈 Dollar Index traded at its highest level since July 📊 Three main reasons behind the expectation for dollar rally: pricing of tariff risks, better data and higher UST yields, upside risks on fiscal policy 💵 US dollar is expected to strengthen … Read more
Key Takeaways: 💰 Dollar rose to a four-month peak against major peers 🔥 Bitcoin reached an all-time high exceeding $88,000 🇺🇸 U.S. regulatory environment expected to be crypto-friendly under Trump administration 📉 Euro and yuan slumped due to potential Trump tariffs on Europe and China 📊 Market pushing U.S. equities, interest rates, and dollar higher … Read more