Forbes.com contributor Ralph Benko joins Merlin and John O’Donnell for a look at real money and the new legislation working its way through congress. The Sound Dollar Act (HR1176) will add stability to our currency, and acts as a step toward a gold standard, which has been getting much attention lately. John also walks listeners through several charts which outline the importance of having a fixed reference point like gold to help price assets and see strength or weakness.
Click on the image below to download the mp3 file:
Editors’ Picks
EUR/USD grinds higher above 1.0550 amid a cautious start to the week
EUR/USD grinds higher above 1.0550 in Monday’s European session. The pair shrugs off the re-emergence of the Russia-Ukraine geopolitical risks as the US Dollar stalls its uptrend. Divergent ECB-Fed policy outlooks could cap the upside ahead of central banks' talks.
GBP/USD defends 1.2600 on subdued US Dollar
GBP/USD defends minor bids above 1.2600 in the early European session on Monday. A broadly subdued US Dollar and less dovish BoE policy outlook support the pair amid cautious market mood, induced by resurfacing Russia-Ukraine conflict. BoE- and Fed-speak eyed.
Japanese Yen bears now ready to give up yet despite intervention fears
The Japanese Yen struggles to capitalize on Friday’s recovery from a multi-month low. BoJ Governor Ueda offered no cues about a December rate hike and weighed on the JPY. Intervention fears and subdued USD price action cap the upside for the USD/JPY pair.
Editors’ Picks
EUR/USD grinds higher above 1.0550 amid a cautious start to the week
EUR/USD grinds higher above 1.0550 in Monday’s European session. The pair shrugs off the re-emergence of the Russia-Ukraine geopolitical risks as the US Dollar stalls its uptrend. Divergent ECB-Fed policy outlooks could cap the upside ahead of central banks' talks.
GBP/USD defends 1.2600 on subdued US Dollar
GBP/USD defends minor bids above 1.2600 in the early European session on Monday. A broadly subdued US Dollar and less dovish BoE policy outlook support the pair amid cautious market mood, induced by resurfacing Russia-Ukraine conflict. BoE- and Fed-speak eyed.
Gold price faces rejection near $2,600; bulls remain on the sidelines despite softer USD
Gold price (XAU/USD) struggles to capitalize on its modest intraday gains to the $2,600 neighborhood, though it manages to hold in positive territory through the early part of the European session on Monday.
Bonk holds near record-high as traders cheer hefty token burn
Bonk (BONK) price extends its gains on Monday after surging more than 100% last week and reaching a new all-time high on Sunday. This rally was fueled by the announcement on Friday that BONK would burn 1 trillion tokens by Christmas.
The week ahead: Powell stumps the US stock rally as Bitcoin surges, as we wait Nvidia earnings, UK CPI
The mood music is shifting for the Trump trade. Stocks fell sharply at the end of last week, led by big tech. The S&P 500 was down by more than 2% last week, its weakest performance in 2 months, while the Nasdaq was lower by 3%. The market has now given back half of the post-Trump election win gains.
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