Headlines:
Markets:
- EUR leads, JPY lags on the day
- European equities little modified; S&P 500 futures down 0.1%
- Gold up 0.2% to $2,707.06
- WTI crude flat at $77.33
- Bitcoin up 5.3% to $106,527
It was a quiet session however understandably so with US markets closed for the lengthy weekend.
That mentioned, the greenback is down on the day after some “optimistic talks” between Trump and Xi over the weekend. That probably might pave the way in which for softer tariffs and that’s what’s weighing on the greenback. China vp, Han Zheng, is about to attend Trump’s inauguration in an indication of hope to begin the brand new presidency.
EUR/USD is up round 0.4% to 1.0315 and held round 1.0300 to 1.0320 principally, with massive possibility expiries maintaining the pair afloat above the determine degree. In the meantime, GBP/USD is up 0.2% to 1.2190 whereas AUD/USD is up 0.2% to 0.6200 on the day.
All eyes are on Trump’s inauguration subsequent to see what he’ll announce as he takes cost of the White Home once more.
In different markets, Bitcoin is up as Trump additionally stirred up some crypto fever by launching his personal meme coin. $TRUMP reached a market cap excessive of $14 billion earlier than falling again to only underneath $11 billion presently. Nonetheless, it launched Bitcoin to a recent file excessive simply above $109,000 earlier than easing again somewhat under the December excessive.
