Silver has just hit an all-time high of $99, driven by safe-haven demand and geopolitical tensions. This surge is part of a larger trend, with silver outperforming gold and other major commodities. $XAG $IN $SENT
The Bank of Japan (BOJ) has decided to keep its key interest rate unchanged at 0.75%, aligning with market expectations. This decision signals the BOJ's confidence in Japan's moderate economic recovery, despite rising yields and geopolitical tensions. The central bank has also revised its growth forecast for fiscal 2026 upwards to 1.0%, citing government stimulus measures and a strong U.S. economy. $SENT
The BOJ's decision is seen as bullish for global markets, as it maintains liquidity and reduces FX volatility. The move is expected to benefit risk assets, including U.S. equities, global bonds, emerging markets, and crypto & commodities.$IN $ENSO
THIS IS NO LONGER JUST POLITICS — TRUMP VS BIG BANKS HAS EXPLODED
Donald Trump has filed a $5 billion lawsuit against JPMorgan Chase and its CEO Jamie Dimon, alleging they "debanked" him and his businesses for political reasons after he left office in 2021. Trump claims JPMorgan closed his accounts and those of his companies without warning, causing significant financial and reputational harm. The bank denies these allegations, stating it doesn't close accounts for political or religious reasons but does so when accounts create legal or regulatory risks. This lawsuit highlights concerns about "debanking," where banks restrict or terminate services, potentially limiting access to financial tools and influencing individuals' or businesses' activities. The Office of the Comptroller of the Currency (OCC) has found that major banks, including JPMorgan, restricted services to certain industries between 2020 and 2023, citing reputational risks. The implications of this case are significant, as it raises questions about banks' power to choose who gets financial access and whether politics plays a role in these decisions. If banks can debank individuals or businesses based on political views, it could fundamentally change how financial services are provided. $RIVER $SENT
Donald Trump has sued JPMorgan Chase and its CEO Jamie Dimon for $5 billion, alleging the bank closed his accounts and those of his businesses for political reasons after he left office in January 2021. The lawsuit claims JPMorgan's actions were motivated by "woke" political and social motivations, aiming to distance itself from Trump's conservative views. $RIVER $SENT $FOGO
JPMorgan denies the allegations, stating it doesn't close accounts for political or religious reasons but does so when accounts create legal or regulatory risks. The bank says it's been pressured by regulators and is supporting efforts to prevent the "weaponization" of the banking sector.
This case highlights concerns about "debanking," where banks restrict or terminate services to individuals or businesses, potentially limiting access to financial tools and influencing their activities. Critics argue this can be used as a form of financial isolation, impacting not just individuals but the broader financial system.