The Bank of England’s Monetary Policy Committee (MPC) has confirmed as widely expected that interest rates will rise by 0.5% to 1.75%, in what is the biggest single rate rise since 1995. It also...
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ETH/USD Forecast: Ethereum Stabilizes Amid Uncertainty
Ethereum markets rallied ever so slightly during the day, gaining 2%. The market has recently seen a lot of choppy noise in this area, and I think that will probably continue to be the...
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The bond market still feels unsettled on the week
Following yesterday’s move in Treasuries was a bit of a doozy. 10-year yields surged up to a high of 2.849%, up by nearly 10 bps, before falling back to hold lower on the day...
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EUR/USD Forecast: Consolidating in Tight Range
The US dollar strengthened Tuesday as the euro continues to act as a punching bag. This makes sense considering that bonds in the European Union continued to fade away, and there are serious credit...
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Understanding the Process and Purpose of Bitcoin Halving
Currently, over 19 million out of the 21 million Bitcoins have been mined, meaning only around 2 million coins remain unmined. Bitcoin’s code dictates that the new coins released in circulation should be automatically cut in...
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FX OPTION EXPIRIES FOR AUGUST 2 NY CUT
FX option expiries for August 2 NY cut at 10:00 Eastern Time, via DTCC, can be found below. – EUR/USD: EUR amounts 1.0125 320m 1.0240 329m – AUD/USD: AUD amounts 0.7100 251m 0.7160 641m –...
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Beijing said to ready countermeasures to Pelosi’s Taiwan visit, including military actions
Comments from Hu Xijin, who has been a mouthpiece for the Chinese government: As much as the worst-case scenario seems to be an all out war between the US and China, I’m doubtful that...
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USD/CAD Forex Signal: Loonie Strength to Accelerate
Bearish View Sell the USD/CAD pair and set a take-profit at 1.2700. Add a stop-loss at 1.2850. Timeline: 1-2 days. Bullish View Set a buy-stop at 1.2850 and a take-profit at 1.2950. Add a...
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USD/CHF FLIRTS WITH ONE-MONTH LOW, AROUND 0.9500 MARK AMID WEAKER USD
USD/CHF slides to a one-month low on Monday amid the prevalent USD selling bias. Diminishing odds for more aggressive Fed rate hikes continue to weigh on the buck. A softer risk tone benefits the...
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South Korea’s factory activity shrank in July for the first time in nearly two years
Another less than encouraging sign for the global economy. South Korea’s manufacturing PMI dropped into contraction at 49.8 in July prior was 51.3 first time below 50 since September 2020 South Korean manufacturers reported...
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