Quiet start to Asian FX trade

BMNR and MSTR slide 10% as BTC and ETH dump. Traders eye ETH $2.5k vs $4k odds as gov shutdown looms.

The US Treasury said the yuan is “substantially undervalued” and urged China to allow orderly appreciation, citing large surpluses. No country was named a manipulator, but Thailand was added to the FX monitoring list.

Gold surges past $5,400, outperforming Bitcoin; strategists see 50%+ upside. Retail favors precious metals.

UBS raised gold targets to $6,200/oz for much of 2026 and flagged a $7,200 bull case, citing strong investment demand, central bank buying and policy uncertainty. It sees prices easing to $5,900 by end-2026 after US midterms.

USD hits 4-yr lows! Traders eye inflation & Fed policy as dollar's value faces pressure.

US trade deficit balloons 94% in Nov, defying tariffs. Imports surge, raising volatility concerns for traders.

Dow Transports +1.29%, Nasdaq -0.72%. S&P 500 dips slightly. Traders eye sector rotation and tech valuations.