🟢The U.S. is planning to impose social media inspections on some tourists as President Donald Trump continues to ramp up travel restrictions for foreign visitors. Tourists — including those from Britain, Australia, France, and Japan — will be mandated to provide five years of their social media history as part of their applications to visit the U.S., according to a notice posted by the U.S. Customs and Border Protection (CBP) on Wednesday. The proposal, which has been given a 60 day-notice with requests for comments from the public, is not final and may see some revisions.
COMMERZBANK: Says China’s exports returned to growth in November, rising 5.9% year-on-year after October weakness, with no negative impact from the stronger yuan as USD/CNY fell to its lowest since last summer.
- Notes the yuan has gained against nearly all G10 currencies this quarter, except a few such as the South African rand and Malaysian ringgit.
- Says the real difference lies in China’s producer prices.
ECB'S OLLI REHN: Says the bank remains committed to keeping all options open on future rate decisions, operating on a meeting-by-meeting basis without a preset path. - Notes inflation risks are slightly tilted to the downside, but potential upside risks should not be ignored. #CPIWatch
U.S. TREASURY YIELDS HOLD STEADY AS INVESTORS AWAIT EXPECTED FED RATE CUT U.S. Treasury yields held steady Monday as bets continued to rise on expectations of an interest rate cut at the Federal Reserve’s meeting on Wednesday. 🟡At 2:39 a.m. in New York, the 10-year Treasury yield was flat at 4.141%. 🟡The 30-year Treasury yield was also little changed at 4.794%. 🟡The 2-year Treasury yield was little changed at 3.561%. One basis point is equal to 0.01% and yields and prices move in opposite directions. $BTC #CPIWatch
S&P 500 futures ticked up about 0.2% pre-market Monday as traders tiptoed into Fed week, cautiously optimistic but fully aware this meeting could flip the script in seconds.
Digital vs Physical Bitcoin: Hard cap of 21 million coins — algorithmically enforced. Gold: Scarce but still mined globally, with supply increasing yearly.
This predictable scarcity makes BTC increasingly attractive to long-term investors looking to hedge against inflation $BTC #BTCVSGOLD