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Friday, March 7, 2025

American Market Recap: Trump: Government will explore pathways to acquire additional bitcoin holdings

Trump: Government will explore pathways to acquire additional bitcoin holdings

bitcoin 10 mins The Treasury and Commerce Dept will explore pathways to acquire additional bitcoin holdings We are ending Operation Choke Point 2.0 (which was Biden's plan on debanking crypto) Bitcoin... 

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The USD is sharply lower this week

As the trading week, comes to a close the USD is ending with sharply lower levels: EURUSD. The EURUSD is up 466 pips or -4.49% vs the USD in the trading week. That is the largest % move going back to... 

Yen slides as the risk mood improves

There is a nice afternoon turn in risk sentiment unfolding. The S&P 500 is now up 33 points to 5771 after falling as low as 5666. That's a +100 turn in the index from the lows at noon ET. I didn't... 

White House examining options for easing energy sanctions on Russia

AI image There is a bit of a carrot-and-stick approach from the White House on Russian sanction today. Trump tweeted about raising Russian sanctions in order to get peace but now Reuters reports that... 

Non-farm payrolls solid but beware of immigration and China tariffs - CIBC

The US posted a solid jobs report today, particularly given some of the recent fears about the economy. It added 151K jobs compared to 160K expected. "Trade policy uncertainty didn't appear to have an... 

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Latest Forex Orders

FX option expiries for 7 March 10am New York cut

There are a couple to take note of on the day, as highlighted in bold . The first ones are for USD/CAD at the 1.4350-60 levels. They don't offer much of any technical significance, with the confluence... 

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