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BRICS has expanded its influence with Indonesia’s entry, marking the bloc’s growing dominance in emerging markets and securing its first full membership from Southeast Asia. Indonesia Joins BRICS: Southeast Asia’s First Seat at the Global Power Table Indonesia’s accession to BRICS as a full member has been officially confirmed by Brazil’s government, with the announcement … Read more
UBS predicts gold’s 2025 rally could defy rate cuts and a strong dollar, fueled by central bank demand and economic uncertainty. Why UBS Is Still Bullish on Gold for 2025—Even With Rate Cuts in Limbo UBS, the Swiss multinational investment bank and financial services giant, has offered an optimistic outlook on gold for 2025, despite … Read more
President Trump has recently pushed the idea of tariffs as an enabler for the U.S. economy. On social media, he stated that tariffs were responsible for creating a “vast wealth” for the country and disclosed that they would be used to pay for the country’s debt. Trump: Tariffs Will Be Used to Pay the $36 … Read more
BRICS will prioritize alternative payment systems in 2025, aiming to reduce reliance on the U.S. dollar and boost trade in local currencies under Brazil’s leadership. BRICS Prioritizes Alternative Payments in 2025 The development of alternative payment systems and reducing reliance on the U.S. dollar will be central to BRICS initiatives in 2025 as Brazil takes … Read more
The U.S. dollar index flexes its strength in the new year, reaching levels not seen in two years. This rise is supported by the so-called ‘Trump Trade,’ the expectation of only two more rate cuts this year, and the weakness of other currencies in the basket. Dollar Index Inches Higher Powered by Trump Trade, Fed … Read more
In just 26 days, the Federal Open Market Committee (FOMC) of the U.S. Federal Reserve will gather to deliberate on whether to adjust the federal funds rate. As of Jan. 2, 2025, with the next meeting slated for Jan. 29, the market anticipates no movement in the rate. Fed’s Rate Play: Markets Brace for January … Read more
According to data released by SWIFT, the use of the euro as a settlement currency for international payments has fallen significantly. Its utilization share has decreased by 6.83% compared to 2014, with only 22.29% of global payments employing it. Euro Tanks, Dollar Thrives in Swift Share Charts The future seems bleak for the euro, as … Read more
Jan Nieuwenhuijs, a gold market analyst, has raised concerns about the rise in the People’s Bank of China (PBOC) secret gold purchase operations. He believes the bank has accumulated over 100 tonnes of gold through unreported London gold imports during Q4 2024. Golden Chase: China Has Secretly Scooped Up Over 100 Tonnes of Gold in … Read more
Some individuals believe the U.S. is staring down the barrel of a financial headache in 2025, with a whopping $7 trillion in debt due for renewal, raising alarms about a possible economic meltdown. Financial guru Dr. Jim Willie has sounded the alarm on the massive global fallout, labeling this as a defining moment for the … Read more
Julia Zanatta, a Brazilian congresswoman, has raised concerns about the effects of implementing drex, the Brazilian CBDC, on the lives of citizens. Zanatta emphasized that drex, if not properly implemented, might lead to the prohibition of physical money and proposed a ballot for its final implementation. Brazilian Congresswoman Warns About the End of Physical Money … Read more