Markets awaiting PCE, yoy consensus looking for 2.6% + BoJ QT (#USDJPY), and Trump's deadline with tariffs is this weekend, maybe worth putting on a small #hedgingtrade in equity after a very decent rally into month-end. #TSLA's net income down by half and trades now at 180x earnings and sales/profit declining ..(make sense?) and GOLD swaps & shipments, talk of the week
ECB cuts rates and leaves room for more easing as growth lags
BOJ to Slice Almost $500 Billion Off Balance Sheet With QT Move
London bullion market players are racing to borrow gold from CBs, which store bullion in London, following a surge in gold deliveries to the U.S. on speculation of potential import tariffs (Reuters)
Trump claims Fed Chair Jerome Powell was too busy with DEI and climate change to tackle inflation, and threat of 25% tariffs on each of Canada and Mexico beginning February 1st - video below, and finally Trump threatened 100% tariffs against ALL BRICS countries if they try to replace the US Dollar. More than 30 countries have expressed interest in joining BRICS.
Revolut: Major Confusion Over «Swiss IBAN»
France’s shrinking economy betrays urgent need to overcome budget wrangles
The European natural gas summer-winter price spread continues to balloon as regional inventories deplete much faster than over the last two (unusual) warm winters
The EU is open to extending its latest deadline for wresting euro clearing from London if the market isn’t ready, signaling a new pragmatism to one of finance’s most politically charged Brexit aftershocks
Norway's governing coalition has collapsed over the issue of energy integration with Europe. Junior coalition partner, the Centre Party leader Marit Arnstadt said "we do not want to align ourselves more closely with the EU's energy policy"
The FAA is facing a major crisis without a leader because Elon Musk pushed him out
Lots of chatters this week about it Kathleen Tyson on X: "Margin calls on gold swaps triggered the 1990 bankruptcy of Drexel Burnham investment bank. Central banks that had swapped gold to Drexel lost it all. Gold swaps are the unreported, secret vulnerability of central banks." / X
and
Ronan Manly on X: "Swiss gold exports to the US (New York) surged in December to 64.5 tonnes, an 11 fold increase on the previous month, and the highest monthly total since March 2022. Swiss gold exports to the United Kingdom (London) also surged in December to 14.3 tonnes, from 1 tonne the https://t.co/6JjMZtS43T" / X
Stephen Taylor on X: "President Trump: 25% tariffs on each of Canada and Mexico beginning February 1st. https://t.co/ncfBmMI242" / X
and
The Kobeissi Letter on X: "BREAKING: President Trump threatens 100% tariffs against ALL BRICS countries if they try to replace the US Dollar. More than 30 countries have expressed interest in joining BRICS. https://t.co/Bg5V4gyjbP" / X
Chamath Palihapitiya on X: "Deep Dive: The Current State of AI This week, DeepSeek made headlines by climbing to #1 on the App Store, generating widespread media coverage and heated discussions on X. We saw this news shift capital markets overnight, disrupting hundreds of billions of dollars in the https://t.co/Ns4305wi2w" / X
Javier Blas on X: "CHART OF THE DAY: The European natural gas summer-winter price spread continues to balloon as regional inventories deplete much faster than over the last two (unusual) warm winters. https://t.co/55vBAPfKLy" / X
Always something behind these bigly tariffs calls from Trump ! watch !
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