Incoming President Donald Trump on Saturday issued a direct threat to impose 100% tariffs on a bloc of nine nations if they attempt to undermine the value of the U.S. dollar. His warning targeted the BRICS alliance member countries—Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran, and the United Arab Emirates. Additionally, Turkey, Azerbaijan, […]
Dollar Depreciates on Trump Nominations, Euro Recovers
The U.S. dollar retreated on Monday, giving up some of its recent gains, as the nomination of Donald Trump’s choice for U.S. Treasury Secretary appeared to provide reassurance to the bond market. Meanwhile, the euro recovered from last week’s two-year low. The Dollar Index, which measures the greenback against six other currencies, fell 0.6% to […]
Dollar Rises on Safe-Haven Bid, Pound Gains on CPI Data
The U.S. dollar rose on Wednesday, supported by its safe-haven status after the closure of the U.S. embassy in Kyiv, Ukraine, while the British pound gained strength as U.K. inflation in October exceeded expectations. Earlier in the day, the Dollar Index, which measures the greenback against six other currencies, traded 0.3% higher at 106.490, recovering […]
Ethereum on the Rise: Whales Push Accumulation and Forecasts Point to a New All-Time High
Ethereum (ETH), the second-largest cryptocurrency by market capitalization, is making significant strides toward setting a new all-time high (ATH), following closely behind Bitcoin’s lead. Bullish Projection for Ethereum On-chain metrics provider Globe of Crypto recently highlighted a critical technical pattern: “Forming an ascending triangle at 1WTF. A breakout could provide a huge bullish rally towards […]
Dollar Continues to Rise, Trump’s Political Appointees Take Center Stage
The U.S. dollar rose on Tuesday after retreating from one-year highs reached last week. Traders sought political direction as attention shifted toward President-elect Donald Trump’s cabinet selections. In early trading, the Dollar Index, which tracks the greenback against a basket of six other currencies, climbed 0.2% to 106.427, recovering from a 0.4% decline in the […]
Manhattan U.S. Attorney’s Office Considers Scaling Back Cryptocurrency Prosecution with Trump in Office
Cryptocurrency enforcement cases in the United States are expected to decline under the new Donald Trump administration, as the president-elect has promoted a friendlier environment for the asset class. The U.S. Attorney’s Office in Manhattan, New York, is reportedly taking this shift into account and contemplating reducing the prosecution of cryptocurrency-related cases. This was revealed […]
Dollar Slips From Recent Highs, Fed Speeches Planned
The U.S. dollar retreated slightly from its recent one-year highs at the start of a week with limited notable economic data but featuring remarks from several Federal Reserve officials. The dollar index, which tracks the dollar’s performance against six other major currencies, rose by 1.6% in the previous week, marking its sixth weekly gain out […]
Donald Trump Announces New D.O.G.E. Agency with Elon Musk at the Helm
President-elect Donald Trump has confirmed the establishment of a new Department of Government Efficiency (DOGE), an idea originally proposed by Elon Musk. The Tesla CEO will head the new department alongside Vivek Ramaswamy, co-founder of Strive Enterprises and former GOP presidential candidate. Vision for Government Efficiency In a written statement, Trump announced that the DOGE […]
Dollar Slightly Down on U.S. Inflation Expectations
The U.S. dollar softened slightly on Wednesday, pulling back from six-month highs as markets awaited critical U.S. inflation data. This report is expected to offer further insight into the future trajectory of interest rates in the world’s largest economy. Earlier in the session, the Dollar Index, which measures the greenback against a basket of six […]
Bitcoin Overtakes Silver to Become the World’s Eighth Largest Asset by Market Capitalization
Bitcoin has achieved another remarkable milestone, surpassing silver in market capitalization to rank as the eighth largest asset globally, with a valuation of $1.736 trillion, as reported by the Companies Market Cap website. This accomplishment came after Bitcoin’s price surged past $88,000, gaining 10% in a single day. Conversely, silver’s market value declined by 2%, […]