europefx Key Takeaways 💡 US CFTC plans to publish a rule on vertically integrated models by summer 📋 Rule will address conditions for entities within vertically integrated stack 🌀 First time CFTC has allowed a vertically integrated market structure 📅 Draft rule to be finalized within a year after comments and feedback 📈 Integrated structures are … Read more
Key Takeaways 💰 Most Asian currencies stable as markets wait for U.S. inflation data 📉 Japanese yen weakens after BOJ officials’ comments on rate hike prospects 📈 Asian currencies overall trading in a flat-to-low range 💵 Dollar steadies after recent losses, focus on upcoming U.S. CPI data 🇨🇳 Chinese yuan rises slightly, but outlook remains … Read more
Key Takeaways 💰 Bitcoin hit a new all-time high of $72,662 📈 Bitcoin rose by 4.8% to reach $71,677 in European trading 🌐 The world’s most valuable cryptocurrency is benefiting from new cash flows into spot bitcoin exchange-traded funds ⛏ Supply of bitcoin will tighten in April with the halving event 🇬🇧 UK regulator allows … Read more
Key Takeaways: 💰 Bitcoin has reached a record high above $71,000 with a 70% gain for the year so far. 📈 Flows of capital into U.S. spot bitcoin exchange-traded funds reached almost $2 billion, intensifying demand. 🔒 The UK regulator permits recognised investment exchanges to launch crypto-backed exchange-traded notes for professional investors. ⛓ The rate … Read more
Key Takeaways 💸 Bitcoin reached a new record high above $70,400 📈 The surge in the cryptocurrency shows no signs of slowing down 💰 Boosted by cash influx into new spot bitcoin exchange-traded funds 🏦 Hopes for Federal Reserve interest rate cuts drive the cryptocurrency’s rise Bitcoin Hits New Record High Above $70,400 Bitcoin has … Read more
Key Takeaways: 💹 Most Asian currencies traded in a limited range on Monday 💵 Dollar stayed near a two-month low anticipating U.S. inflation data 📉 Dollar weakened due to expectations of Fed interest rate cuts 🇯🇵 Japanese yen strengthened against the dollar to a one-month high 📈 Bank of Japan potentially ending negative interest rates … Read more
Key Takeaways: 💰 S&P Global predicts Ukraine will default on its external commercial obligations 📉 Ukraine’s long-term foreign currency credit rating has been downgraded to "CC" 🤝 Expectation for Ukraine to initiate debt restructuring with private creditors soon ⚔️ Russian invasion of Ukraine has caused the deadliest war in Europe in over 70 years 📊 … Read more
Key Takeaways 💵 Dollar Index traded slightly higher at 102.787, set for a weekly loss of around 1% ❤️ Markets react to Federal Reserve Chair Jerome Powell’s comments on lower interest rates 💼 Forecasts expect nonfarm payrolls to increase by just under 200,000 in February 📈 EUR/USD slipped 0.1% to 1.0938 after hitting a two-month … Read more
Key Takeaways: 💱 Egyptian pound steadied after devaluation and IMF deal 📊 More inflows expected by Egyptian officials 📈 Foreign investors resumed purchases of Egyptian treasury bills 💰 Egypt expected $20 billion from multilateral and other partners 📉 Egyptian international bonds declined after initial surge 💵 Egypt promised move to flexible exchange rate system 💼 … Read more
Key Takeaways: 💰 Canadian Dollar gained against the U.S. dollar due to broad-risk on sentiment 📉 Greenback continued to retreat following indication of future rate cuts by the Fed Chair 🗣 Analysts expect Bank of Canada to cut rates later than the Fed, indicating potential upside for the loonie 📅 Markets now expect rate cuts … Read more