Speaking at the post-policy meeting press conference on Friday, Bank of Japan (BoJ) Governor Kazuo Ueda said that the Bank “will keep adjusting the degree of easing if our economic and price outlooks are to be realized.” The BoJ left … [Continue reading]
Bitcoin is showing rising correlation with the S&P 500
Bitcoin and the S&P 500 have exhibited similar price patterns in the past few months. The rising correlation could be due to institutional players entering the crypto market and Fed's recent rate cut. Bitcoin has outperformed over 250 altcoins in … [Continue reading]
Ethereum spikes over 6% following decision to split Pectra upgrade into two phases
Ethereum developers have agreed to split Pectra upgrade into two phases. Phase one of the Pectra upgrade will go live in early 2025 and feature a proposal to improve the wallet experience. Ethereum could continue to rally if open interest stays on an … [Continue reading]
XRP rally likely as Grayscale XRP Trust NAV climbs to $11.49
XRP trades at $0.5879, climbs closer to the psychologically important $0.60 level. Ripple prepares for launch of its stablecoin even as SEC head maintains harsh stance on crypto regulation. Grayscale XRP Trust NAV climbs to $11.49, … [Continue reading]
Canada Employment Insurance Beneficiaries Change (MoM) increased to 2.2% in July from previous 1.3%
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
Eurozone Current Account n.s.a down to €48B in July from previous €52.4B
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
Gold price regains positive traction amid a modest USD pullback from one-week high
Gold price attracts fresh buyers on Wednesday amid a modest USD pullback from a one-week peak. Concerns about an economic slowdown, along with geopolitical risks, lend support to the commodity. A further recovery in the US bond yields could underpin … [Continue reading]
USD/CAD trades with mild gains above 1.3600, Fed cuts rates for first time in four years
USD/CAD trades in positive territory near 1.3605 in Thursday’s early Asian session. The Fed lowered its benchmark interest rate by a half percentage point at its September meeting on Wednesday. Both faster rate cuts and slower cuts are on … [Continue reading]
Powell speech: If economy remains solid, we can dial back pace of cuts
Federal Reserve Chairman Jerome Powell explains the decision to cut the policy rate, federal funds rate, by 50 basis points to the range of 4.75%-5% after the September meeting and responds to questions in the post-meeting press conference. Key … [Continue reading]
EUR/JPY falls below 158.00 as EU inflation approaches ECB target
Eurozone’s HICP rose 2.2% YoY in August, aligning with expectations but capping the Euro's recovery. ECB official Francois Villeroy signals potential rate cuts, while Bundesbank’s Joachim Nael warns inflation isn’t yet at target levels. BoJ’s policy … [Continue reading]