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Introduction to EURUSD The EURUSD currency pair, frequently referred to by its popular nickname “Fiber,” represents the exchange rate between the Euro and the U.S. Dollar. As the most liquid and widely traded pair in the global foreign exchange market, it serves as a primary barometer for the economic health of both the Eurozone and […]

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Summary:

• Trump calls for 10% credit-card APR cap for one year, effective Jan 20, 2026.

• No enforcement detail: unclear if voluntary or government-mandated.

• Part of a populist “affordability” burst this week (incl. MBS buying idea and ban on institutional home buyers).

• Big gap to current pricing: Fed data shows 22.30% (Nov 2025) on the key credit-card rate series.

• Without legislation / clear authority, this looks like headline politics first, policy mechanics later.

President Donald Trump has called for a one-year cap of 10% on US credit-card interest rates, saying consumers are being “ripped off” and framing the move as an “affordability” push. The proposal would start January 20, 2026, the first anniversary of his return to the White House, but Trump provided no detail on the mechanism, leaving open whether he expects voluntary compliance from issuers or is signalling some form of government enforcement.

The lack of detail matters, because credit-card pricing is not something a president can simply “announce” into existence. In practice, a hard cap would typically require Congressional legislation and/or actions through the US regulatory framework. Yet the main federal watchdog for card practices, the Consumer Financial Protection Bureau (CFPB), has been a long-running target of conservatives, and the Trump administration has pursued steps that would reduce or constrain its reach.

What Trump is doing, clearly, is leaning into a string of populist, social-media-first affordability declarations this week, high on punchy intent, low on executable detail. In the days prior he posted about ordering “his representatives” to buy mortgage bonds to push borrowing costs lower, and about banning institutional investors from buying single-family homes. Together, the sequence reads as an attempt to reclaim the cost-of-living narrative with simple targets (banks, Wall Street, institutions) and headline-friendly numbers (10%). This all, of course, in an election year (mid-terms) with Trump's popularity continuing to make new lows and therefore threatening the Republican majorities in Congress. I posted earlier in the week that I expect populist announcements and an eventual hit to the US dollar (not yet though, the dollar higher on Friday: investingLive Americas market news wrap: Nonfarm payrolls a touch soft, no tariff decision)

On the numbers, the policy would be a dramatic cut versus prevailing rates: the Federal Reserve’s series for commercial bank credit-card interest (accounts assessed interest) shows ~22.30% in late 2025. That gap underscores why markets and issuers will focus on “how” rather than “what”, and why, without a clear legislative pathway, the announcement looks more like political signalling than an immediately actionable policy shift.

Congressional interest in caps is real and notably bipartisan, past proposals have sought a 10% ceiling, but they have not become law. Until a bill advances (or a credible regulatory/administrative route is spelled out), the most likely near-term impact is messaging and volatility in related headlines, rather than an instant repricing of consumer credit.

Just a post noting this data release.

Japanese Household Spending +6.2% m/m

• expected +2.7%, prior -3.5%

I'll be back with detail in a separate post.

ADDED, here it is to check out:

• Japan household spending rebounds while real wages still lag, complicates BOJ outlook

NZDCAD: ⬆️ Buy – NZDCAD reversed from support zone – Likely to rise to resistance level 0.8025 NZDCAD cryptocurrency recently reversed from the support zone between the long-term support level 0.7850 (which has been reversing the price from April) and.

Introduction to USDJPY The USDJPY currency pair, often nicknamed the “Gopher,” represents the exchange rate between the US Dollar and the Japanese Yen—two of the most traded currencies globally. This pair is a key indicator of market sentiment regarding the US and Japanese economies. USD-JPY is known for its liquidity and volatility, often reacting sharply […]

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Crude Oil Moderately Lower on Trump Venezuela Optimism; Trump Threatens Colombia, Cuba, Greenland; BoJ Makes Hike Threat to Prop Up Yen; US Dollar Stronger; Precious Metals, Stocks Get Bump

The US launched military operations in Venezuela and captured President Nicolas Maduro and his wife.

Images from the country showed multiple strikes and fires. US President Trump announced that Madura was captured.

An executive from state oil company PDVSA said the La Guaira port was severely damaged but that oil facilities were unscathed. Trump

We will wait to hear what Trump has to say about the plans for what comes next but in December he talked about the 2007 seizure of some assets from American oil companies and that his intention was "getting land, oil rights, whatever we had" returned.

"They took it away because we had a president that maybe wasn't watching. But they're not going to do that again."

"We want it back," he said. "They took our oil rights — we had a lot of oil there. As you know they threw our companies out, and we want it back."

Russia responded to the reports saying that if actions took place "constitute an unacceptable violation of the sovereignty of an independent state".

US Senator Mike Lee said he spoke with Secretary of State Marco Rubio who said "Maduro has been arrested by US personnel to stand trial on criminal charges in the United States, and that the kinetic action we saw tonight was deployed to protect and defend those executing the arrest warrant."

The EU foreign affairs representative Kaja Kallas said:

I have spoken with Secretary of State Marco Rubio and our Ambassador in Caracas. The EU is closely monitoring the situation in Venezuela. The EU has repeatedly stated that Mr Maduro lacks legitimacy and has defended a peaceful transition. Under all circumstances, the principles of international law and the UN Charter must be respected. We call for restraint. The safety of EU citizens in the country is our top priority.

For markets, this might be a short-lived event but that could change quickly depending on how Venezuela responds. My guess is that America had local help and there is some kind of coup underway, otherwise Maduro will be replaced by deputies.

In terms of markets, Venezuela has massive oil reserves but its production and exports are less than 1 million barrels per day and have been disrupted recently anyway.

What could be more concerning is the message this sends in Latin America and how China and Russia respond.

EURJPY: ⬆️ Buy – EURJPY reversed from support area – Likely to rise to resistance level 184.85 EURJPY currency pair recently reversed from the support area between the pivotal support level 183.25 (former resistance from the start of December) and.

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Silver: ⬆️ Buy – Silver broke round resistance level 70.00 – Likely to rise to resistance level 75.00 Silver continues to rise after the earlier breakout of the resistance zone between the round resistance level 70.00 (earlier upward target) and.