U.S. consumer slowdown hits discount retailers as Dollar Tree offloads Family Dollar. The U.S. retail sector is showing clear signs of strain as inflation-weary consumers pull back on spending, forcing major industry shakeups. Dollar Tree’s decision to sell its struggling Family Dollar chain underscores the growing pressure on discount retailers. This is particularly as low-income […]
Trump and Musk Stir Debate Over U.S. Gold Reserves Trump has reignited long-standing speculation over the state of Fort Knox’s gold reserves, questioning whether the government’s supply remains intact. Speaking at the White House on Monday, he declared, “We’re actually going to Fort Knox to see if the gold is there. Because maybe somebody stole […]
U.S. Labor Market: jobless claims, wage growth, and immigration’s role. The U.S. labor market remains solid but uneven, with jobless claims rising slightly while still hovering around pre-pandemic levels. ADP Chief Economist Nela Richardson provides insights into worker sentiment, wage growth, and several pending issues. Initial jobless claims remain near two-year lows, indicating strong worker […]
US Dollar weakness persisted as lackluster economic data and declining Treasury yields pressured the currency. The US Dollar Index (DXY), which tracks the greenback against a basket of major currencies, dropped after initial jobless claims rose to 219,000 from 214,000, indicating labor market strain. Additionally, the 10-year US Treasury yield fell below 4.5%, making the […]
Dollar weakness intensified as the currency hit a fresh yearly low, pressured by soft retail sales data and uncertainty over US tariff policies. The Bloomberg Dollar Spot Index slid as much as 0.5% on Friday, reaching session lows after weaker-than-expected January retail sales fueled speculation that the Federal Reserve may implement deeper rate cuts in […]
Trump has given the green light for the creation of a US sovereign wealth fund, sparking speculation about whether Bitcoin could play a role in backing the fund. On February 3, President Donald Trump announced plans to establish a national investment vehicle aimed at generating and distributing wealth for American citizens. During a White House […]
US Dollar regained its footing today, as traders digested the latest developments around Donald Trump and upcoming economic data. The US Dollar Index (DXY) edged higher, but the 108.00 level remains a significant hurdle for further gains. US Dollar Faces Mixed Signals EUR/USD saw its bullish momentum slow near multi-week highs above 1.0400. Meanwhile, GBP/USD […]
Trump has once again made headlines, this time with the launch of his self-branded Official Trump (TRUMP) token, which quickly reached a $15 billion market cap. Within 24 hours of this milestone, Melania Trump followed suit by introducing her own meme coin, MELANIA. These launches have sparked intense debate over their timing, legality, and implications […]
Bitcoin (BTCUSD) Continues with Modest Gains Bitcoin is making modest gains as buyers drive the price upward from $91,000 toward the psychological $100,000 level. This week’s bullish market sentiment indicates a sustained upward trajectory, with buyers displaying resilience after last week’s dip from $102,720. Bitcoin Key Levels Resistance Levels: $100,000, $102,720 Support Levels: $91,000, $95,000 […]
