News
Important Only
EUR/GBP remains above 0.8250 as France, UK propose a one-month Ukraine truce
EUR/GBP pauses its three-day losing streak, hovering around 0.8260 during Monday’s Asian session. The currency cross strengthens as the Euro (EUR) gains traction following reports that France and the United Kingdom (UK) have proposed a one-month truce in Ukraine.
Fxstreet
Mon, Mar 3
Bitcoin Is The Future, US Dollar Is A Scam—Robert Kiyosaki
Robert Kiyosaki, the well-known author of “Rich Dad Poor Dad”, is making headlines again with his criticism of the US dollar. In a recent social media post, he called the currency a “scam” and warned about the dangers of relying on the traditional banking system. Instead, he suggested that Bitcoin..
China targets US agriculture over Trump tariff threat, Global Times says
China has American agricultural exports in its cross hairs as it prepares countermeasures against fresh U.S. import tariffs, China's state-backed Global Times reported, raising the stakes in an escalating trade war between the world's top two economies.Reuters
Mon, Mar 3
Eric Trump says Wall Street must embrace crypto or die after president Trump’s SCR announcement
Eric Trump has a warning for Wall Street: adapt to crypto or go extinct. On Sunday, while traditional finance was off the clock, president Donald Trump announced the creation of a Strategic Crypto Reserve (SCR) for the United States, sending Bitcoin, Ethereum, and other cryptocurrencies soaring.BofA's take on what to expect from the EU auto action plan
The European Commission is set to announce its automotive industry action plan on 5 March. In a note this week, Bank of America (NYSE:BAC) analysts outlined key expectations, including changes to CO2 regulations, coordinated EV subsidies, and supply chain localization efforts.
Investing.com
Mon, Mar 3
Gold price trades with mild positive bias; lacks bullish conviction
Gold price (XAU/USD) kicks off the new week on a positive note and recovers further from over a three-week low, around the $2,833-2,832 region touched on Friday. Despite Friday's in-line US inflation data, traders continue to price in the possibility that the Federal Reserve (Fed) will cut interest
Fxstreet
Mon, Mar 3
EUR/JPY gathers strength above 156.50 ahead of Eurozone HICP inflation data
The EUR/JPY cross edges higher to 156.65 during the Asian trading hours on Monday. The Euro (EUR) attracts some buyers after the report that France and the UK proposed a one-month Ukraine truce. Traders await the preliminary reading of the Eurozone Harmonized Index of Consumer Prices (HICP) in...
Fxstreet
Mon, Mar 3
Tesla stock in danger of giving back all Trump bump
Investing.com -- Live by the sword… die by the sword.Shares of Tesla (NASDAQ:TSLA) saw a meteoric rise following the 2024 Presidential election due in part to CEO Elon Musk’s close relationship with President Donald Trump. Now, that same relationship is hurting the stock.Investing.com
Mon, Mar 3
Bitcoin, other cryptocurrencies rally as Trump announces U.S. crypto reserve
Cryptocurrencies rallied Sunday after U.S. President Donald Trump made good on his campaign promise to start a U.S. Crypto Reserve.Trump said in a post on Truth Social that the reserve will include Bitcoin and Ethereum, as well as XRP, SOL, and ADA.Investing.com
Mon, Mar 3
UK, European leaders join forces to draft Ukraine peace plan to take to US
Europe must boost defence spending, says von der LeyenUK, France and Ukraine to present peace deal to TrumpZelenskiy meets King Charles at his residenceMacron says deal would be a ceasefire for air and sea combatUpdates with Zelenskiy's comments in paragraphs 8-9, 24By Elizabeth Piper, Kate Holt...Reuters
Mon, Mar 3
GLOBAL MARKETS-Shares cling to hopes for tariff relief, bitcoin jumps
SYDNEY, March 3 (Reuters) - Asian share markets made guarded gains on Monday as investors waited anxiously to see if imminent tariffs would go ahead, while bitcoin surged on news it would be included in a new U.S. strategic reserve of cryptocurrencies.Reuters
Mon, Mar 3
Oil recovers as upbeat Chinese manufacturing data increases some optimism
SINGAPORE, March 3 (Reuters) - Oil prices rose 1% on Monday as upbeat manufacturing data from China, the world's biggest crude importer, led to renewed optimism for fuel demand, although uncertainty about global economic growth from potential U.S. tariffs loomed.
Reuters
Mon, Mar 3
Crypto market sees $330 billion added in 4 hours after Trump’s announcement
The crypto market’s total market cap saw a massive $330 billion surge in just four hours after president Donald Trump announced plans for a US Crypto Reserve that would include Bitcoin, Ethereum, Solana, XRP, and Cardano on Sunday. The news sent the bears packing, liquidating $160 million in BitcoinCryptopolitan
Mon, Mar 3
China's factory activity picks up but trade uncertainties weigh
BEIJING, March 3 (Reuters) - China's factory activity grew at a faster pace in February, driven by stronger supply and demand, including a rebound in export orders, a private-sector survey showed on Monday, partly due to seasonal factors related to the holiday period.The Caixin/S&P Global ma...Reuters
Mon, Mar 3
