BITPRISMIA
President Trump's upcoming announcement regarding the new Federal Reserve Chair is highly anticipated, as it will significantly influence US monetary policy and economic stability.
Former U.S. President Donald Trump signals a potential increase in US tariffs on India due to India's continued large-scale purchases of Russian oil, which could impact trade relations and global economic stability.
The Indian Rupee's decline against the US Dollar is primarily due to the Trump Tariff threat, which has triggered capital flight and economic uncertainty, particularly affecting emerging markets like India.
Mary Daly, President of the San Francisco Federal Reserve, suggests potential Federal rate cuts due to signs of weakening in the labor market, emphasizing the need to stabilize inflation and the labor market.
Trump's recent statements on Russia, including potential tariffs on countries buying Russian oil, have caused market volatility, impacting Bitcoin, oil prices, and the US dollar.
The US stock market showed strong performance with major indices like S&P500, NASDAQ, and Dow opening higher, reflecting optimism driven by positive economic data, corporate earnings, and monetary policy expectations.
The United States holds approximately 40% of Bitcoin's circulating supply, making it the dominant force in global Bitcoin ownership and influencing crypto market dynamics.
The Pound Sterling has shown surprising resilience despite expectations of Bank of England rate cuts, driven by relative central bank policies and the UK's economic outlook.
Weak US payroll data has intensified speculation about an impending Fed rate cut, leading to a decline in the US Dollar and impacting financial markets, including cryptocurrencies.
Asia FX performance has shown unexpected strength due to US dollar weakness, driven by soft US Non-Farm Payrolls data, influencing global forex trends and interest rate outlook.