Trump said he had reached an agreement with the Mexican president to immediately suspend the expected tariffs for one month.
The Chief Executive of the Hong Kong Monetary Authority, Yu Weiwen, said that the investment of the Exchange Fund should consider liquidity, stability, long-term returns and diversification benefits. He revealed that he currently allocates metals and mainland assets, but has no intention of allocating virtual assets.
European Central Bank Governing Council member Villeroy said that we may further cut interest rates. (Golden Ten)
Andrei Grachev, a partner at DWF Labs, said on social media that he was ready to buy gradually, "should wait a few more hours to see how the U.S. stock market reacts, everything is very dangerous now, be careful and DYOR."
Citi said that we believe a further escalation of tariffs will lead to bullish gold prices rising to $3,000 per ounce in 6-12 months; bullish silver prices rising to $36 per ounce; and bearish copper prices falling to $8,500 per ton in the next three months.
Karl Schamotta, chief market strategist at Corpay in Toronto, said: "We expect selling pressure to hit the Mexican peso and the Canadian dollar when Asian markets open on Monday, but it is difficult to assess how severe the decline will be and financial marekt could undergo a painful correction in the coming weeks as market participants start to take Trump's actions seriously."
Mr. Trump said last week that he would "absolutely" impose tariffs on the European Union. The European Union said it would "resolutely respond" if the United States imposed tariffs on the European Union, the latest sign of discontent with President Trump's trade policies, whose effects are spreading around the world. The use of tariffs is "harmful to all parties" and the European Union has expressed regret over Mr. Trump's decision to impose tariffs on Canada, Mexico and China.
On February 2nd, Canadian Prime Minister Trudeau said at a press conference that Canada will impose 25% tariffs on US goods worth 155 billion Canadian dollars, including tariffs on goods worth 30 billion Canadian dollars immediately starting Tuesday, and further tariffs on US products worth 125 billion dollars will be imposed within 21 days.
US President Donald Trump said on January 31 local time that he will meet with visiting Japanese Prime Minister Shigeru Ishiba at the White House next week. Officials familiar with the matter said that Japan plans to "make concessions" in areas such as energy and defense to avoid trade friction with the United States.
According to Bitcoin Magazine on the X platform, Eric Weiss, a member of the board of directors of US-listed company Core Scientific, said that 15 states, including Alabama, Arizona, and Florida, have launched bitcoin strategic reserve-related plans. Arizona and Utah have transitioned to the approval stage of the two houses, leaving only one step to be approved into law.
On February 1st, Swyftx principal analyst Pav Hundal said that the current bear climate has become very tense, and the macro environment in favor of cryptocurrencies indicates that bitcoin is expected to hit new highs by the end of the quarter. Arthur Hayes, co-founder of BitMEX, previously predicted that Bitcoin could fall back into the $70,000 to $75,000 range, which would trigger a "mini-financial crisis" if it did happen. However, Dr. Sean Dawson, head of research at Derive, recently said th...
On February 1, the parent company of the Texas Stock Exchange (TXSE) said that the exchange has submitted applications to operate as a national stock exchange in the United States, with the goal of launching in 2026. The exchange said it hopes to reverse the continuous decline in the number of listed companies in the United States and solve what it calls the "high cost of listing and maintaining a listed status". The exchange also said that it has raised 161 million US dollars from more than 48 ...
President Trump has said he will impose 25% tariffs on Canada and Mexico.
On January 31st, US President Donald Trump said he would impose 25% tariffs on Canada and Mexico. The dollar index DXY rose more than 40 points in the short term, and is now at 108.16. The dollar rose more than 100 points against the Canadian dollar USD/CAD in the short term, and the intraday gain expanded to 1.00%, and it is now at 1.4570. The Mexican peso fell more than 1% against the dollar.
On January 31st, US President Trump said that he may decide on Thursday night whether to impose tariffs on oil from Canada and Mexico. After the short-term rise of US and cloth oil, it fell back. WTI crude oil rose by 1% during the day and is now up 0.2% at $72.94/barrel.