Asia Morning Briefing: Bitcoin Stays Steady as Traders Hold Stablecoins Before Fed Decision
Good morning, Asia. Here’s what’s making news in the market: Welcome to Asia Morning Briefing, your daily update on noteworthy news in the markets during U.S. hours, as well as a review of market movements and insights. For a comprehensive analysis of the U.S. market, check out CoinDesk’s Crypto Daybook Americas. Bitcoin was trading at […]
Trump’s Five Candidates for Fed Chair May Indicate a New Era of Middle-Class Growth Is Coming
Treasury Secretary Scott Bessent has indicated there are five potential candidates to succeed Federal Reserve Chairman Jerome Powell when President Donald Trump’s term concludes in May 2026. On Air Force One, Bessent mentioned to reporters that Trump is contemplating appointing one of the following: Kevin Hassett, Kevin Warsh, Michelle Bowman, Christopher Waller, or Rick Rieder. […]
Bessent identifies five candidates for Powell’s position at the Fed.
U.S. Treasury Secretary Scott Bessent announced on Air Force One that he has narrowed down the list of candidates to replace Federal Reserve Chairman Jerome Powell to five, according to The Wall Street Journal. Some of these candidates are connected to central banks and the White House, while others have affiliations with major Wall Street […]
EUR/USD remains stable ahead of Fed and ECB decisions
Euro Stays Steady Against US Dollar Ahead of Central Bank Meetings The euro (EUR) held its ground against the US dollar (USD) on Monday, as market participants awaited crucial central bank decisions from the US Federal Reserve (Fed) and the European Central Bank (ECB) later this week. As things stood, the EUR/USD pair was trading […]
European markets ready to begin the week with focus on Fed, Trump, and Xi meeting
European Stock Markets Start Strong as Traders Watch U.S. Federal Reserve Meeting LONDON — European stock markets kicked off the week positively, with traders eager for the upcoming U.S. Federal Reserve meeting, encouraging earnings reports, and signs of improving U.S.-China relations. The pan-European Stocks 600 index was up 0.1% around 8:06 a.m. ET, while Britain’s […]
Gold Reaches Unprecedented Levels Over $4,300 Due to Fed Cuts, China Purchases, and Safe-Haven Demand
Current gold spot price: ~$4,118/oz (as of October 24): Gold prices recently peaked at an all-time high of $4,381/oz on October 20, but have pulled back about 6% in the week since. As of October 24, spot gold was trading at about $4,118 per ounce. Despite this dip, gold remains up approximately 55-57% year-to-date, marking […]
Dollar reaches a two-week peak against yen ahead of trade discussions and Fed meeting
TOKYO – U.S. Dollar Hits Two-Week High Against Yen The U.S. dollar climbed to a two-week high against the yen on Monday, marking the start of a busy week filled with global trade discussions and central bank meetings. President Donald Trump is set to visit Japan on Monday, where he will engage in a summit […]
Bitcoin, XRP, Solana, Ethereum Updates: Fed Rate Decision, Major 7 Earnings, Trump-Xi Summit to Influence Markets
Major cryptocurrencies have been climbing in value, with noteworthy influences like interest rate decisions from both the US Federal Reserve (FRB) and the Bank of Japan (BOJ), along with upcoming financial reports from seven critical MAG stocks scheduled for next week. Fed Likely to Cut Interest Rates The Federal Reserve is anticipated to lower interest […]
EUR/USD stays around 1.1600 as weak CPI data does not change Fed position
The EUR/USD pair is projected to finish the week down by 0.21%, though it has managed to stay above 1.16 for the third consecutive day. There seems to be a significant resistance that is limiting any upward movement, especially since recent U.S. economic data might not keep the Federal Reserve from lowering interest rates. Positive […]
Gold Drops From Record Highs as Traders Secure Profits Before Fed Decision
Weekly Market Wrap Happy Friday, traders. It’s time to look back at the previous week in the market, taking a closer look at the events, economic data, and headlines that have influenced gold prices and other related assets. Key Takeaways: This week, gold prices dropped over 2%, breaking an eight-week winning streak due to profit-taking. […]