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An unusual interest rate check by the New York Federal Reserve has lowered the threshold for possible currency intervention in Japan, leading to a sharp rebound in the yen after months of weakness. However, according to Reuters, the prospects of a coordinated dollar selling campaign by Japan and the United States remain remote for now.The […]
That of the US Federal Reserve January 23 decision Supporting the embattled Japanese yen is believed to be responsible for gold’s historic price rise above the US$5,000 per ounce level. The New York Federal Reserve reportedly carried out a “rate check” on currency traders regarding the exchange rate between the US dollar and the Japanese […]
Could that be a major bullish factor for the long term? 2026 is off to a great start and it seems like Donald Trump is directly involved in almost every major event or news story. On the opening days of the year, the US president ordered a military operation in Venezuela, after which Nicolas Maduro […]
US President Donald Trump’s claim that Washington has reached a “framework for a future agreement” on Greenland has raised more questions than answers, especially over whether access to the Arctic’s vast natural resources and crucial minerals is part of the discussions. Trump’s recent announcement on his Truth Social platform after meetings at the World Economic […]
Freeport-McMoRan (NYSE:FCX) is preparing to bring one of the world’s most important copper assets back online, laying out plans for a phased restart of Indonesia’s Grasberg mine after a deadly mudslide that halted operations late last year. The Arizona-based miner said remediation and preparation work in the Grasberg mineral district remains on schedule thereafter September […]
As Washington accelerates efforts to secure key supply chains, rare earths and crucial minerals such as gallium have emerged as strategic priorities for U.S. industry and national security. China has long used its dominance over strategic metals to pressure the US, stepping up efforts in recent years. Beijing first tightened export licenses for gallium and […]
Brazil’s vast but underdeveloped rare earth resources are at the center of renewed talks with the US as both governments explore ways to strengthen ex-China supply chains. Washington has quietly sounded out Brasilia about a potential partnership in rare earths after a cautious diplomatic thaw between President Donald Trump and Brazilian President Luiz Inácio Lula […]
Antonio Filosa, COO of Stellantis North America and CEO of Jeep, speaks during the Stellantis press conference at the Automobility LA 2024 car show at the Los Angeles Convention Center in Los Angeles, California, November 21, 2024. Etienne Laurent | AFP | Getty Images DETROIT – Five years after the transatlantic automaker Stellar was formed […]
Bitcoin fell to a six-day low, most altcoins fell even harder. The expected volatility due to the latest developments in the US-EU trade war finally hit crypto when BTC, along with all altcoins, plummeted as Asian and some futures markets opened. Somewhat expectedly, liquidations are increasing, with more than $870 million destroyed in the past […]