Key Takeaways: 💵 ECB expected to deliver its fourth quarter-point rate cut with more cuts anticipated 🇨🇭 Swiss National Bank expected to cut rates by 50 bps 📊 U.S. inflation data on Wednesday to shape trajectory of Federal Reserve policy 🎉 Bitcoin surged past $100,000 after Trump’s election promises 🇧🇷 Brazil’s central bank expected to … Read more
Key Takeaways 💼 Trump appoints former PayPal COO David Sacks as "White House A.I. & Crypto Czar" 🤖 Sacks aims to create a legal framework for the Crypto industry to thrive in the U.S. 📈 Incoming administration officials, including SEC and CFTC chairs, expected to reshape U.S. policy on digital currency ⚖️ Trump backers advocate … Read more
Key Takeaways: 💱 Most Asian currencies subdued ahead of US jobs data 🇮🇳 Indian rupee edged higher after RBI cut reserve requirements 💰 RBI lowers economic growth projection and raises inflation estimate 📉 Indian economy cooling, inflation above target range 🌐 Asian central banks holding back on rate cuts due to weakening currencies and high … Read more
Key Takeaways 💼 David Sacks appointed as "White House A.I. & Crypto Czar" by President-elect Donald Trump 📜 Legal framework to provide clarity for the crypto industry, led by Sacks 🚀 Sacks and officials to reshape U.S. policy on digital currency, focusing on making America the global leader in AI and Cryptocurrency 🤖 Trump’s backers … Read more
Key Takeaways: 💸 Work on BRICS settlement system will continue despite Trump’s threat of import duties 🌍 BRICS is focused on a settlement system, not creating a new international currency 🤝 Russian official affirmed commitment to continue work on the system 💬 Russian official warns against Trump’s threats 🌍 Tensions rise between Russia and US … Read more
Key Takeaways: 💼 Trump appoints former PayPal COO David Sacks as AI and crypto czar 🤝 Sacks to work on legal framework for crypto industry in the U.S. 💰 Trump aims to make the U.S. the "crypto capital of the planet" 📈 Bitcoin breaks $100,000 for the first time 👨💼 Sacks to lead Presidential Council … Read more
Key Takeaways 💵 Dollar has benefited from U.S. exceptionalism and crisis-prone rivals 🌏 South Korea’s political chaos impacted won negatively 🇨🇳 Fears of tariffs from Trump administration led to China’s yuan decline 🌍 Unforeseen events affected various major economies globally 💲 Dollar index value has increased modestly despite U.S. dominance in equities 🔄 Fed’s cautious … Read more
Key Takeaways: 💶 Euro rallied against the dollar as French government bonds stabilized 📉 Dollar index fell after rise in state unemployment claims 🇫🇷 French government bond stability supports the euro 📈 Bitcoin hit a record past $100,000, following nomination of pro-cryptocurrency head for SEC 📊 U.S. nonfarm payrolls report for November expected to show … Read more
Key Takeaways 💶 Euro rallied against the dollar with French government bonds stabilizing after government collapse 💵 Bitcoin surpassed $100,000, rising on news of pro-crypto SEC nominee 📉 Euro was on track for weekly losses, except for Thursday’s gains 🇪🇺 Euro’s positive price action boosted by short-term and moderate gains 🚀 Bitcoin surged due to … Read more
Key Takeaways: 💵 Dollar has benefited from "tech-led wave of U.S. exceptionalism" 🌏 Unforeseen events drew investors towards the safety of the dollar 📉 Dollar index up 5% this year, despite tightening hold over world equities 🏦 Federal Reserve’s cautious approach to rate cuts has benefitted the dollar 📈 Potential challenges for the dollar’s dominance … Read more