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The USD/JPY pair attracts some buyers to around 155.85, snapping the three-day losing streak during the early Asian session on Wednesday. The US Dollar (USD) recovers some lost ground against the Japanese Yen (JPY) as traders gear up for upcoming key US data releases.
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Trump tweets that he declares Biden pardons null and void
Trump is setting up another showdown in the Supreme Court:
Any and all Documents, Proclamations, Executive Orders, Memorandums, or
Contracts, signed by Order of the now infamous and unauthorized
“AUTOPEN,” within the Administration of Joseph R. Biden Jr., are hereby
null, void, and of no further force or effect. Anyone receiving
“Pardons,” “Commutations,” or any other Legal Document so signed, please
be advised that said Document has been fully and completely terminated,
and is of no Legal effect. Thank you for your attention to this matter!It’s not clear where he intends to go with this but it’s going to be a mess.
The Department of Justice (under George W. Bush in 2005) issued a legal opinion explicitly stating that a President can use an autopen to sign bills and documents, provided they authorized the action and Presidents since Thomas Jefferson have used proxy signatures.
The leading line of thinking is that Trump is going to use the gap in time between his declaration and when it’s shot down to rearrange some things and exploit the vacuum. He may also make life difficult for opponents and adversaries who were pardoned.
This article was written by Adam Button at investinglive.com.
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EUR/USD jumps as growing Fed-cut bets and risk-on mood lift Euro
The EUR/USD registers modest gains of 0.12% late on Tuesday during the North American session, as risk-appetite improves. Expectations for another Fed rate cut in December and Eurozone’s elevated inflation reading, keep the shared currency bid. -
Jim Cramer has faith in Danaher’s turnaround as life sciences comes back to life
Life sciences stocks are seeing a resurgence — and that’s good news for Danaher. -
RBA’s Bullock: Inflation expectations are still anchored
- Some of the rise in trimmed mean inflation is temporary
- Looking very hard at recent inflation numbers
- If inflation proves more persistent, it would have implications for policy
Australian CPI numbers are going to be very closely followed in the months ahead.
This article was written by Adam Button at investinglive.com.
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Trump said he had a very productive call with Lula
Comments from Trump after a call with Lula:
- Trade among things discussed
- Talked about organized crime, sanctions imposed on various Brazilian dignitaries, tariffs and various other items
- Discussed how to work together on organized crime, sanctions imposed on various Brazilian dignitaries and other items
- Look forward to seeing and speaking with Lula soon
These comments make it sound like the US and Brazil are getting along when it’s been a rough relationship made worse by Bolsonaro’s imprisonment.
This article was written by Adam Button at investinglive.com.
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Truth Social operator Trump Media settles legal dispute with co-founders
Trump Media operates the Truth Social app frequently used by President Donald Trump. -
Marvell to acquire Celestial AI for as much as $5.5 billion
The deal is an aggressive move for Marvell to acquire complimentary technology to its semiconductor networking business. -
United States API Weekly Crude Oil Stock declined to -2.48M in November 28 from previous -1.9M
United States API Weekly Crude Oil Stock declined to -2.48M in November 28 from previous -1.9M -
United States Total Vehicle Sales up to 15.6M in November from previous 15.3M
United States Total Vehicle Sales up to 15.6M in November from previous 15.3M
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