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Source: Source: Trump Is Considering Whether to Withdraw from USMCA

2 hours ago

February 11 — Sources say former President Trump is privately weighing whether to withdraw from USMCA, adding fresh uncertainty to the key renegotiation between the U.S., Canada and Mexico. Sources add Trump has asked aides why he shouldn’t leave the pact he signed during his first term, though he hasn’t explicitly signaled he will take that step. A White House official, in response to the reports, noted Trump is the final decision-maker and is consistently pushing for a better deal for Americans. The official also said talk of potential moves is unfounded speculation until Trump formally announces his plans. USMCA is scheduled for a mandatory review on July 1, at which point a decision could be made on extending the pact. What was once expected to be a routine process has now become a contentious negotiation. Trump has demanded additional trade concessions from Ottawa and Mexico City, and is pressing them to tackle unrelated issues including immigration, drug trafficking and national defense. (FX Street)
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Non-Farm Payrolls Data Far Exceeds Expectations, Traders Trim Fed Rate Cut Bets

U.S. short-term interest rate futures declined on February 11, following the release of the January non-farm payrolls (NFP) report. Traders now see only a 20% probability the Federal Reserve will cut interest rates by April—down sharply from roughly 40% before the data was published. While they still bet on another Fed rate cut in June, the odds of the central bank holding rates steady that month have risen to nearly 40%, up from about 25% prior to the jobs report.

2 minutes ago

Uniswap Labs Partners with Securitize to Provide Liquidity Support for BlackRock's BUIDL

On February 11, Uniswap Labs partnered with Securitize to provide liquidity support for BUIDL, a BlackRock-backed project.

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Goldman Sachs: NFP Better Than Expected, Friday's CPI If Unexpectedly High Could Turn Fed Hawkish

February 11: Goldman Sachs Asset Management analyst Kay Haigh noted initial signs are emerging of a re-tightening labor market, though full tightening is still some way off. With the economy continuing to outperform, the FOMC will shift its focus to the inflation outlook. We continue to expect the Fed to deliver two more rate cuts this year; a surprise rise in Friday’s CPI data, however, could tilt the central bank toward a hawkish stance. (FXStreet)

2 minutes ago

After the US Non-Farm Payrolls and Unemployment Rate release, the probability of a 25 basis points rate cut in March decreased to 6%.

February 11: CME’s FedWatch data shows the probability of a 25-basis-point Fed rate cut in March dropped to 6% (from 21.7% pre-announcement) following the release of U.S. non-farm payrolls and unemployment rate figures, with a 94% chance rates will remain unchanged. Earlier reports noted U.S. January seasonally adjusted non-farm payrolls rose by 130,000—well above the market’s 70,000 forecast—marking the largest gain since 2025. The January unemployment rate hit 4.3%, slightly below the expected 4.4% and prior reading of 4.4%.

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The U.S. Labor Market Stabilizes, Providing the Fed with Room to Hold Steady

February 11 — Foreign media analysis of the U.S. January nonfarm payroll report noted that employment growth accelerated last month, with 130,000 jobs added — far exceeding expectations — while the unemployment rate fell to 4.3%. This signals a stabilizing labor market, which could lead the Federal Reserve to keep interest rates steady for now as policymakers monitor inflation. Part of the better-than-expected job growth stems from seasonal sectors like retail and delivery, which hired fewer holiday workers last year. January typically sees the highest concentration of holiday-related layoffs. Given sluggish seasonal hiring, layoffs were likely smaller than usual, giving a boost to job growth. Even with the January payroll gain, the labor market remains lukewarm, struggling even amid solid economic growth. Anxiety about jobs and high inflation has eroded Americans’ satisfaction with the Trump administration’s economic policies. Source: FX678

2 minutes ago

K33: Bitcoin May Have Bottomed Out, Poised for Consolidation Phase Between $60,000 and $75,000

February 11th — Per The Block, crypto research firm K33 noted that Bitcoin’s drop to $60,000 last week could mark a local bottom. The latest sell-off saw capitulation-like behavior across spot, ETF, and derivatives markets, including extreme readings in trading volume, funding rates, and option skew. On-chain metrics show Bitcoin’s daily RSI fell to 15.9 — the sixth-lowest level since 2015, trailing only March 2020 and November 2018. The Crypto Fear & Greed Index also dropped to 6, its second-lowest reading on record. K33 expects Bitcoin to consolidate in the $60k-$75k range, with a potential retest of support. However, downside risk below recent lows is limited.

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