Since President-elect Donald Trump announced his intent to acquire Greenland from Denmark, the Danish currency, the krone, has been devaluing against the U.S. dollar. According to data from OANDA, the price of one US dollar (USD) was 7.22722 krone (DKK) on 9 January. The currency continued to fall against the US dollar to a price … Continue reading Trump’s Greenland play. A state power flex.
Analysts at FXStreet see no turn around in Europe’s growth woes especially given rising gas prices this winter. MarketWatch reports the current DXY is at 108.88 (12:21 AM EST) and FXStreet analysts can see the DXY going as high as 110.0 before making a pullback. FXStreet analysts also see continued dollar strengthening expecting the EUR/USD … Continue reading Interbank market news scan: Will trader sentiment push EUR/USD below 1.0321?
The GOP-controlled 119th Congress will take its seat around noon tomorrow. Over in the House chamber, there will be a vote for the Speaker of the House. Meanwhile, results from the Pan-European Manufacturing Purchasing Managers Index demonstrates the danger of making a five day call on where the EUR/USD may end up at week’s end. … Continue reading The 119th Congress takes its seat tomorrow as the dollar continues to strengthen.
I am grateful to have a roof over my head, and while I do not know personally four of the five people who suffer through my mental iterations, I too am grateful that you have a roof over your heads as well. That said, beyond the safety of shelter, how much is that roof worth? … Continue reading Your house is overvalued. It is worth negative infinity.
With all the talk of Brazil, Russia, India, China, and South Africa going their own way by moving away from the USD, the presumptive president-elect seeking a weaker dollar that promotes the export of goods manufactured in the United States, and a downward trend in foreign direct investment inflows to the United States, it would … Continue reading If FDI inflows are trending down, shouldn’t price of USD follow?
The State extracts, expends, and expands. I do not believe that either Elon Musk or Vivek Ramasawmy gets this concept. The wealth they created in this country is based on this concept; that as the State increases its borrowing costs to fund its expansion, that some of the raised revenues go to contracting with or … Continue reading DOGE: Will it support the currency?
The expansion of the BRICS alliance has been happening without any noticeable concern by the outgoing Biden-Harris administration. I heard no mention of BRICS by former Democratic presidential candidate Kamala Harris during her 2024 campaign. As potential de jure head of state, one would think that both her and the presumptive president-elect, Donald Trump, would … Continue reading Trump to the BRICS: “Don’t muscle in on my currency turf.”
Former U.S. president Donald Trump made the crypto industry a promise; that he would consider creating a fund that holds bitcoin as a reserve asset [1]. A number of states including Pennsylvania are reportedly considering similar proposals for incorporating state bitcoin ownership as a part of their state fiscal policies [2]. U.S. Senator Cynthia Lummis, … Continue reading Does making bitcoin a reserve asset increase transactional activity in the U.S.?
Liquidity Bitcoin. Bitcoin’s nascent DeFi scene is getting a lot of excitement, with proponents saying that it will ultimately unlock more than $1 trillion in idle capital that currently does nothing more than act as a store of value. Analytics Insight. Bitcoin. Bitcoin’s price trajectory has reached new heights, nearly hitting the $100,000 mark post-election, … Continue reading The Interbank Market: Decreasing amount of bitcoin meets liquidity crunch.
Lawyers Write the Bets. Bankers Sell the Bets. 