Following the United States intervention in Venezuela on January 3, which put an end to President Nicolás Maduro’s 13-year dictatorship, all eyes have focused on the South American country’s oil industry. Once one of the world’s largest oil producers, production has declined in recent years. However, now that US President Trump sets his sights on…
The dollar index (DXY00) rose +0.19% on Wednesday. The dollar rose on Wednesday, following the end of the partial US government shutdown after President Trump signed a deal to fund the government on Tuesday night. Additionally, weakness in stocks on Wednesday fueled some liquidity demand for the dollar. Additionally, the yen’s weakness supports the dollar…
Bitcoin (BTC-USD) fell near $67,000 on Thursday, hitting its lowest level since October 2024. The token is down more than 45% from last year’s all-time high, erasing all gains made during President Trump’s second term. Investors had been optimistic that the administration’s pro-cryptocurrency policies would lift digital asset prices. Despite the intense selling, some bitcoin…
The dollar is weakening. In simple terms, that means that one dollar buys less, especially when compared to another currency, such as the euro. A year ago, on February 2, 2025, the dollar and euro were very close to parity. One dollar would buy 0.98 euros. Today, one dollar buys 0.85 euros. Buy 0.73 British…
Gold futures (GC=F) opened at $5,013.40 per troy ounce on Monday, up 0.7% from Friday’s closing price of $4,979.70. This was the first time the gold price opened above $5,000. Gold’s move above $5,000 follows a weekend threat from President Trump to impose a 100% tariff on all Canadian imports if the American neighbor “makes…
Wall Street strategists have a message for investors concerned about the recent drama in Greenland and the flight of American assets: Expect earnings growth to drive the stock market higher this year. “We have a great backdrop for earnings growth,” Richard Saperstein, chief investment officer at Treasury Partners, told Yahoo Finance on Thursday. He pointed…
The S&P 500 Index ($SPX) (SPY) on Thursday closed up +0.55%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +0.63% and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.76%. March E-mini S&P futures (ESH26) rose +0.52% and March E-mini Nasdaq futures (NQH26) rose +0.72%. Stock indexes on Thursday extended Wednesday’s relief rally as…
The second year of President Trump’s second term just got tougher for the nation’s largest bank and its former CEO, Jamie Dimon. On Thursday, Trump’s legal team filed a $5 billion lawsuit against JPMorgan Chase (JPM) and Dimon, accusing the country’s largest bank of unseating him or terminating banking services for political reasons. The lawsuit,…
The Dollar Index (DXY00) rose to a 6-week high today and is up +0.36%. The dollar is rising today thanks to better-than-expected US economic news. Weekly jobless claims unexpectedly fell to a six-week low, and the Fed’s January Empire and January Philadelphia business outlook surveys rose more than expected. The dollar increased its gains today…
The dollar index (DXY00) rose +0.26% on Tuesday. The yen’s weakness is propping up the dollar, which fell to a 1-1/2-year low against the greenback on Tuesday. The dollar’s gains accelerated on Tuesday after U.S. new home sales in October fell less than expected and after St. Louis Federal Reserve President Alberto Musalem said the…
