Donald Trump will be sworn in and officially move into the White House, marking a significant political transition. As this event unfolds, headlines from the Oval Office are expected to influence trading activities. Meanwhile, Swissquote Bank Ltd has prepared an informational report, advising that it should not be regarded as a solicitation or offer for financial transactions. This report emphasizes that readers should exercise their own judgment when interpreting the data provided.
In the financial sector, the US crude oil market recently traded above $80 per barrel but failed to sustain gains beyond this level. Furthermore, global bond yields have retreated from last week's peak in the developed world. The US Dollar attracted fresh sellers, eroding much of Friday's positive movement amid speculations that the Federal Reserve might cut interest rates twice this year. The currency's retreat was further influenced by soft Consumer Price Index data and easing expectations from the Federal Reserve. As a result, the EURUSD and Cable experienced a slowdown in their selloff momentum.
In the cryptocurrency market, Donald Trump's new digital currency captured attention by surging up to 600% within three days, reaching a capitalization of $15 billion before stabilizing. This surge also contributed to Solana reaching a fresh record high. On a related note, the CSI index opened the week positively following a reportedly 'good' phone call between Donald Trump and Xi Jinping, adding to market optimism.
Swissquote Bank Ltd's report also reiterated that they hold no obligation to update the information continually. It serves as a reminder for recipients to use their discretion in evaluating the data. The interaction between political events and market dynamics continues to be an area of interest for investors and analysts alike.