In his inaugural public appearance as the newly-declared President of the United States, Donald Trump reaffirmed several of his bold campaign promises. Among these, he emphasized his intention to seize control of the Panama Canal and establish an “external revenue service” to collect profits from tariffs his administration plans to …
Read More »US Dollar Declines Following Trump’s Remarks
Investors Cash in Amidst Trade Tensions and Holiday LullAfter President-elect Donald Trump’s inauguration, the US dollar faced a decline as investors cashed in their profits amidst ongoing trade tensions and a holiday pause in bond markets. Early indicators from the incoming administration suggest a deliberate approach to tariffs and fiscal …
Read More »Promoting Oil Drilling Prioritized In Trump’s Inaugural Address
President Trump Outlines Vision for a “Golden Age”In his inaugural address after being sworn in as the 47th President of the United States on January 20, 2025, Donald Trump presented his vision for ushering America into a “golden age.” Speaking at the Capitol Rotunda, Trump detailed his administration’s “America First” …
Read More »XAU/USD Rises Amidst Trump’s Inauguration
Market Response to Trump’s Inauguration Gold prices saw a moderate increase on Monday as market liquidity remained thin following the swearing-in of Donald Trump as the 47th President of the United States. During his inauguration speech, the US dollar experienced a significant dip, reaching a nine-day low, as Trump indicated …
Read More »Winds of Legal Trouble for Dogecoin Amid Donald Trump’s Inauguration
Dogecoin (DOGE) experienced a nearly 5% rally on Monday, gaining momentum as Donald Trump’s inauguration approaches. However, the cryptocurrency could be at risk of erasing its recent gains due to an imminent lawsuit uncovered by The Washington Post.Allegations Against Elon Musk’s DOGE The lawsuit alleges that Elon Musk’s Department of …
Read More »Financial Markets Weekly Reap: Q4 Earnings, CPI In Focus
Wildfires Ignite Inflation Fears as Economic Headwinds IntensifyThe recent wildfires in Los Angeles have ignited concerns beyond the immediate human and environmental toll. Economists warn that these infernos will not only scorch the land but also fan the flames of inflation, further complicating the Federal Reserve’s fight to bring prices …
Read More »Trump Coin Takes the Crypto Market by Storm
On January 17th, 2025, just days before his presidential inauguration, Donald Trump launched a meme coin, aptly named “Trump Coin.” Within 24 hours, the coin achieved an astounding market capitalization of $4.8 billion and a fully diluted valuation of $24.3 billion. This rapid rise has positioned Trump Coin to potentially …
Read More »The cryptocurrency market is buzzing with excitement as Bitcoin continues to demonstrate strength, trading comfortably above the $100,000 mark. This bullish sentiment is fueled by a confluence of factors, with the incoming Trump administration’s potential pro-crypto policies emerging as a key driver.Several economists echo this optimism, predicting a significant price …
Read More »DXY Recovers Despite Weekly Decline
The dollar steadied on Friday, but was on track to end the week lower after a six-week winning streak, while investors turned their focus to Donald Trump’s presidential inauguration and awaited the incoming administration’s policies. Earlier during the North American session, the US Dollar was easing in the last trading …
Read More »Dow Jones Rallies on Renewed Rate Cut Hopes
The Dow Jones Industrial Average surged over 500 points on Friday, fueled by renewed expectations of interest rate cuts from the Federal Reserve. This followed a period of declining Treasury yields, suggesting easing inflationary pressures.While inflation remains above target, recent data points to a potential slowdown, increasing the likelihood of …
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