BlackRock, Bitwise and Grayscale join fellow issuers in submitting amended spot ETH ETF 19b-4s filings on Wednesday. SEC has begun discussions on S-1s filings as they may be delayed by a few weeks before approval. Ethereum bulls appear to be … [Continue reading]
Fed Minutes Preview: Markets await clues for rate cuts as officials support higher for longer narrative
The Fed will release the minutes of the April 30-May 1 policy meeting on Wednesday. Jerome Powell and co’s discussions surrounding the inflation outlook will be scrutinized. Markets see a less than 40% probability that the Fed will leave the policy … [Continue reading]
Oil flattens despite heightened tensions over recognition of Palestinian state
Oil jumps back above $78 after a brief decline. Norway, Ireland and Spain said they will recognize a Palestinian state on May 28. The US Dollar Index is trading in a narrow range ahead of an eventful 24 hours. Oil prices are flat on … [Continue reading]
Pound Sterling strengthens as hotter-than-expected UK inflation pares back BoE rate cut bets
The Pound Sterling jumps to 1.2750 as UK inflation for April remains hotter than expected. UK annual core inflation rose by 3.9%, likely impacting BoE rate-cut hopes for August. The next move in the US Dollar will be guided by the FOMC minutes. The … [Continue reading]
Australian Dollar advances after the RBNZ policy decision
The Australian Dollar gains ground following the appreciation in the New Zealand Dollar due to their geographical proximity. RBA Minutes suggested that the board had considered raising rates in May but opted to maintain a steady policy. The RBNZ … [Continue reading]
RBNZ expected to keep key interest rate unchanged at 5.5% amid persistent inflation
The Reserve Bank of New Zealand is widely anticipated to maintain the OCR at 5.50% The language in the policy statement is expected to remain hawkish. The New Zealand Dollar has room to extend its bullish momentum against the US Dollar. The … [Continue reading]
Canadian Dollar backslides on Tuesday after Canadian CPI inflation cools
Canadian Dollar moves broadly lower as inflation tempers in April. Canada finds easing price pressures, odds of BoC June rate cut rise. Canadian Retail Sales due at end of this week. The Canadian Dollar (CAD) is broadly softer on Tuesday, … [Continue reading]
Fed’s Waller: Several more months of good inflation data needed before supporting easing in policy
Federal Reserve Governor Christopher Waller said on Tuesday that he needs to see several more months of good inflation data before being comfortable to support an easing in policy, per Reuters. Key takeaways "Exception to that would be … [Continue reading]
USD/CHF holds its position around 0.9100, FOMC Meeting Minutes eyed
USD/CHF inched lower possibly due to the higher yield on 10-year Swiss bond. SNB Chairman Thomas Jordan will deliver a speech about monetary policy at the Swiss Media Forum on Friday. The US Dollar may advance due to the hawkish remarks from the … [Continue reading]
Australian Dollar weakens as risk aversion grips the market
The Australian Dollar extends losses due to risk aversion sentiment on Tuesday. Australia’s Consumer Confidence fell 0.3% MoM in May, marking the third consecutive month of decline. RBA Meeting Minutes showed that it was challenging to rule in … [Continue reading]