Forex Position

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not

Ripple announces a partnership with a Portuguese currency exchange provider to expand cross-border payment support.  On-chain metrics support XRP as activity increases and the count of holders rises steadily.  CoinShares files for XRP ETF with Nasdaq, joining the ETF race.  XRP eyes double-digit gains and a re-test of the February 4 high of $2.7874.  Ripple

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not

Here is what you need to know on Monday, February 10: The US Dollar stays resilient against its major rivals on Monday as markets assess the latest headlines surrounding US President Donald Trump’s tariff policy. The economic calendar will not feature any high-impact data releases. Later in the day, European Central Bank (ECB) President Christine

Gold (XAU/USD) daily chart The threat of a trade war, escalating geopolitical tensions, and just the right amount of uncertainty has been a good recipe for gold to surge higher since the turn of the year. In January, the challenge was about staying above the 100-day moving average (red line) but with Treasury yields falling

China’s Consumer Price Index (CPI) rose at an annual pace of 0.5% in January after reporting a 0.1% growth in December. The market consensus was for a 0.4% increase in the reported period. Chinese CPI inflation came in at 0.7% MoM in January versus December’s 0%, softer than the 0.8% estimate. China’s Producer Price Index (PPI) declined 2.3% YoY in

Reciprocal tariffs will go into effect almost immediately Trump says he will announce 25% steel and aluminum tariffs on Monday Steel and aluminum tariffs to apply to all countries Nippon Steel can’t have a majority stake in US Steel There is usually a process for this so we will see how it actually shakes down.

As a devoted coffee addict, I couldn’t help but notice that the price of my favorite espresso—or even a double espresso—has been creeping up over the past year. I’ve seen the same trend with my monthly coffee bean purchases. So, what’s going on with this divine elixir? Coffee prices have soared to record highs, driven

China January CPI 0.5% y/y, highest level in five months expected 0.4%, prior 0.1% core was 0.6% y/y, from 0.4% in December the m/m was 0.7% (expected 0.8%, prior 0.0%) PPI -2.3% y/y, deflation continued expected -2.1%, prior -2.3% *** China’s consumer inflation accelerated in January, reaching its highest level in five months, while producer

UPCOMING EVENTS: Monday: NYFed Inflation Expectations. Tuesday: US NFIB Small Business Optimism Index, Fed Chair Powell Testimony. Wednesday: US CPI, Fed Chair Powell Testimony, BoC Meeting Minutes. Thursday: Japan PPI, UK GDP, Switzerland CPI, US PPI, US Jobless Claims, New Zealand Manufacturing PMI. Friday: US Retail Sales, US Industrial Production and Capacity Utilization. Wednesday The

Two weeks ago, I made the case for Chinese equities in the fallout from DeepSeek. Since then, we’ve seen Goldman Sachs write that breakthroughs in AI development and application “could materially alter” the Chinese stock market trajectory. This week, Deutsche Bank also came out with a extremely bullish note, highlighting the upside of Chinese stocks

XRP saw brief gains above 4% following reports of the launch of XRP Depository Receipts. The receipts function similarly to an ETF, providing investors access to XRP’s price without holding the asset. Ripple CEO Brad Garlinghouse is among prominent names being considered for the White House Crypto Council. XRP could rally to tackle a key wedge’s

Ethereum price today: $2,590 Ethereum bears lead the market as President Trump announces plans for reciprocal tariffs on several countries next week. ETH’s decline mirrors that of the S&P 500, underscoring crypto’s rising correlation with the US stock market. Ethereum could decline to $1,200 if it breaks a descending channel’s lower boundary line and the

Mexican Peso treads water as inflation figures hint at further easing by Banxico. Despite US payrolls falling short, a lower unemployment rate boosts the USD against the Peso. Interest rate forecasts suggest further easing in Mexico, with the Fed maintaining a cautious outlook for 2025. The Mexican Peso (MXN) reversed its course and depreciated against

Gold gains as traders react to President Trump’s threat of new reciprocal tariffs, enhancing its safe-haven status. US Nonfarm Payrolls fall short of expectations, yet a declining Unemployment Rate suggests a resilient labor market. PBoC’s increased Gold reserves and cautious comments from Fed officials contribute to the metal’s price dynamics. Gold resumed its uptrend on

It was Jobs Friday in North America with both the US and Canada releasing there January employment reports. For the US, the January non farm jobs for the month came in weaker than expected, with non-farm payrolls increasing by 143K compared to the 170K expected. However, there were positive revisions to the previous two months,

Bitcoin failed to rally as BlackRock increased its stake in Strategy (formerly MicroStrategy), according to a filing with the SEC. The asset manager now holds 11.2 million shares of Strategy’s stock, commanding a 5% ownership of the company. BlackRock could be aiming to indirectly leverage Strategy’s Bitcoin buying tactic to expand its BTC exposure. Bitcoin

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not

The USD moved sharply higher at the start of the week on the Canada and Mexico tariff news. Those tariffs got a reprieve and the USD moved lower. Today, the greenback was mixed after the jobs report and the Michigan consumer sentiment but for the week, the greenback was mostly lower. The only currency that

Gold in the green ahead of US Jobs Report for January.  Elevated expectations towards a weaker US Nonfarm Payrolls release this Friday.  Gold has a new all-time high in reach if Nonfarm Payrolls comes in even lower than anticipated.  Gold’s price (XAU/USD) is bracing for this Friday’s data release and has already moved higher ahead of the event. The

Headlines: Markets: GBP leads, JPY lags on the day European equities mixed; S&P 500 futures flat US 10-year yields up 0.2 bps to 4.440% Gold up 0.3% to $2,864.49 WTI crude up 0.9% to $71.10 Bitcoin up 0.9% to $97,716 It was a quiet session this European morning and understandably so. The main event on