The House Financial Services Committee’s new chairman, French Hill, was chosen by Republicans. Hill is an advocate for cryptocurrency and led the FIT21 bill to regulate it. Chair Patrick McHenry is retiring, and French Hill will take over. Pro-crypto members of the Republican Party Patrick McHenry, who is retiring, will …

Crude oil prices have recently seen a surge, pushing crude oil futures above the $70 per barrel mark. While this upward trend is fueled by factors like OPEC+ production cuts and geopolitical tensions, a closer look reveals a more complex picture. The recent rally in oil prices is a testament …

Canada is considering export taxes on major commodities it exports to the US, including uranium, oil and potash, if President-elect Donald Trump imposes the broad tariffs he pledged, per Bloomberg. Retaliatory tariffs on U.S.-made goods and export controls on certain Canadian products are most likely, with export levies also on …

Oil prices retreated this week, unable to sustain the momentum from the previous day’s rally. A confluence of factors, including a downward revision to global oil demand forecasts by OPEC, a strengthening US Dollar, and ample supply prospects, weighed on market sentiment. The Organization of the Petroleum Exporting Countries (OPEC) …

After European Central Bank (ECB) President Christine Lagarde acknowledged discussions of a potential 50 basis point (bps) interest rate cut, the US Dollar Index (DXY), which compares the value of the USD to a basket of currencies, increased toward 106.70 on Thursday. This comes after the ECB decided to lower …

The Dow Jones Industrial Average (DJIA) has recently encountered a roadblock in its upward trajectory, as investors grapple with persistent inflationary pressures. The latest US Producer Price Index (PPI) data, which came in hotter than expected, has ignited concerns about the Federal Reserve’s (Fed) ability to swiftly return inflation to …

Gold prices experienced a downturn this week, shedding over 1% as investors grappled with conflicting economic signals from the United States. While a softer-than-expected jobs report pointed towards a potential easing of monetary policy, a surprising uptick in producer prices raised concerns about persistent inflationary pressures.The Fed’s Tightrope WalkMarket participants …

China seeks other strong trade relations to counter existing tensions with America, EU China’s economic recovery is a delicate balancing act, as the nation navigates a complex geopolitical landscape. The once-booming economy, a cornerstone of global growth, now faces a myriad of challenges, from escalating trade tensions with the West …

ECB’s Dovish Stance Weighs on the EuroThe European Central Bank (ECB) has once again cut interest rates by 25 basis points, signaling a continued dovish stance. This move, aimed at stimulating economic growth and combating deflationary pressures, has weakened the Euro. Additionally, ECB President Christine Lagarde’s acknowledgment of discussions regarding …

The dollar/yen pair concluded Wednesday’s trading on an upward trajectory, driven by a decline in the Japanese yen following a report published by Bloomberg on the potential future path of the Bank of Japan’s monetary policy and the possible changes it could cause in the movement of the Japanese yen’s …