Short bets on major Asian currencies were scaled back amid hopes the region's economic outlook would benefit from China easing its COVID-19 restrictions and that the Federal Reserve would temper its rate hikes, a Reuters poll showed on … [Continue reading]
PBOC: Will monitor and make appropriate responses to keep price level stable
In the latest Q3 Monetary Policy Report published on its website, the People's Bank of China (PBOC) said it “will monitor the potential for rising inflation, especially changes on the demand side, and continue to consolidate the favorable conditions … [Continue reading]
United States Net Long-Term TIC Flows: $118B (September) vs previous $197.9B
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]
LINK Price: Sell-off in the cards as crypto lending platform Genesis suspends withdrawals
LINK price stability remains shaky as investors and crypto companies adjust to the aftermath of the FTX crisis. Crypto lending unit Genesis suspends withdrawals and new loan applications, citing loss of confidence in the industry. Huobi and Bybit are … [Continue reading]
United States MBA Mortgage Applications: 2.7% (November 11) vs -0.1%
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]
USDJPY: Downside is expected to meet support at 137.60 – UOB
Extra decline in USDJPY cannot be ruled out for the time being, comment Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group. Key Quotes 24-hour view: “USD traded in a volatile manner as it swung wildly between 137.37 and 140.62 … [Continue reading]
EURUSD approaches 200-DMA hurdle amid Poland-inspired jitters ahead of US Retail Sales, ECB’s Lagarde
EURUSD picks up bids to reverse recent pullback from four-month high. Mixed concerns over Russia’s involvement in missiles attack on Poland entertained markets of late. Fears of Monetary policy divergence between US Federal Reserve and European … [Continue reading]
Decentralized v. Centralized finance: Who’s to blame for FTX exchange collapse
Decentralized exchange dYdX’s founder Antony Juliano believes the solution to the collapse of centralized exchanges is DeFi. Juliano stresses that decentralized exchanges can be audited much quicker than centralized entities and there is higher … [Continue reading]
New York Fed and global banking giants kick off a digital dollar pilot
The Federal Reserve of New York and a group of private banking firms launched a 12-week digital dollar pilot project. The project is titled “the regulated liability network,” and it will conduct a test on usage of digital dollar tokens by … [Continue reading]
EURUSD to stage another trip below parity to start 2023 – TDS
Economists at TD Securities think EURUSD will decline back below parity despite the most recent uptick. EURUSD likely to bottom out around 0.96 “The EUR is not out of the wood yet, leaving us to expect another trip below parity to start … [Continue reading]