Forex

Japan is closely monitoring currency market positions, including speculative bets, as excessive volatility in exchange rates is considered undesirable, Atsushi Mimura, the nation’s top currency diplomat, stated on Tuesday. “We are actively observing speculative positions daily because excessive volatility or disorderly currency movements are not in line with the G7…

President Donald Trump has mandated a full-time return to office for federal employees while simultaneously curbing job protections for civil servants. These actions mark the initial steps in his broader push to overhaul the federal bureaucracy. The dual measures would require many white-collar government workers to relinquish remote work arrangements,…

Sterling has faced recent struggles, weighed down by concerns over the UK’s financial position. UBS acknowledges the potential for further near-term losses but believes fiscal concerns are overstated, with gains likely later in the year. As of 06:15 ET (11:15 GMT), GBP/USD was up 0.2% at $1.2201, though the pair…

Dollar Slips as Stocks Remain Cautiously Positive Ahead of Trump’s Second Term and Key Policy Moves The dollar edged lower, and stocks posted cautious gains on Monday as investors anticipated a wave of policy announcements during the initial hours of Donald Trump’s second presidency. Market participants are also keeping an…

European Stocks Edge Higher as Trump’s Inauguration Takes Center Stage European stock markets posted modest gains on Monday, with activity expected to be subdued ahead of U.S. President-elect Donald Trump’s inauguration later in the day. As of 03:05 ET (08:05 GMT), Germany’s DAX index rose by 0.1%, France’s CAC 40…

Gold prices edged up in Asian trading on Monday as traders cautiously awaited U.S. President-elect Donald Trump’s inaugural speech, hoping for insights into his administration’s policies and possible indications on future interest rates. Spot gold increased by 0.3%, reaching $2,709.3 per ounce, while February gold futures rose 0.1%, trading at…

Bitcoin dropped on Monday, reversing its weekend rally, as increased market volatility followed the launch of two memecoins tied to President-elect Donald Trump, negatively affecting sentiment in the crypto markets. Traders were also cautious ahead of Trump’s inauguration later that day, with expectations of a series of executive orders outlining…

Oil prices saw minimal movement on Monday, as speculation that U.S. President-elect Donald Trump might ease restrictions on Russia’s energy sector in exchange for a resolution to the Ukraine conflict balanced concerns over potential supply disruptions from stricter sanctions. By 0229 GMT, Brent crude futures slipped 6 cents, or 0.07%,…

The dollar hovered near a two-year high on Monday, kicking off a crucial week as Donald Trump prepared to re-enter the White House with an inauguration speech that investors are keenly watching to gauge his immediate policy plans. The Japanese yen edged higher, maintaining gains near a one-month peak reached…

UBS anticipates an 8.4% year-over-year increase in earnings per share (EPS) for the S&P 500 in Q4 2024. While this growth appears slower than previous quarters, UBS expects the final results to trend closer to 12%, consistent with historical patterns of upward revisions. In Q3, a similar trend was observed,…