Month: September 2022

“A steady path of rate hikes, predictable adjustments based on data could improve market functioning, facilitate balance sheet runoff,” Kansas City Fed President Esther George said on Friday, as reported by Reuters. Additional takeaways “For interest rate hikes, steadiness and purposefulness over speed.” “Case for continuing to remove policy accommodation is clear cut, but peak
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Gold in the national capital rose by Rs 62 to Rs 51,131 per 10 grams on Friday amid a jump in international precious metal prices, according to HDFC Securities. In the previous trade, the yellow metal had closed at Rs 51,069 per 10 grams. Silver also jumped by Rs 579 to Rs 55,540 per kg
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Dollar’s decline accelerates today on improving risk sentiment and pull back in treasury yields. Aussie is gaining most so far but Yen catching up quickly. Euro is struggling to extend the post-ECB rally, as dragged down by selloff in crosses, in particular against Swiss Franc. Canadian Dollar turned weaker after huge employment miss. Technically, EUR/CHF’s
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Federal Reserve Governor Christopher Waller said on Friday that it was too soon to say whether inflation was moving meaningfully and persistently downward, as reported by Reuters. Key takeaways “I support another significant hike in two weeks.” “The pace of tightening is uncertain; it will depend on the data.” “Fears of a recession have faded;
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Arbitrum is one of Ethereum’s layer-2 scaling solutions designed to improve smart contracts’ efficiency and transaction execution on the network while reducing fees drastically and adding extra privacy features. L2 networks are software that sit on top of the base layer of a blockchain like Bitcoin or Ethereum to boost the platform’s efficiency and offer
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Dollar is starting to reverse recent gains, probably in a more persistent way. Australian Dollar is leading the way higher today, as supported by extended improvement in risk sentiment. But for the week, Swiss Franc and Euro are the strongest ones, followed by Canadian. Yen is still the worst performer, even though it’s in recovery
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The index loses further momentum and breaches 109.00. The risk complex regains poise and leaves behind recent weakness. Fedspeak, Wholesale Inventories next on tap in the docket. The US Dollar Index (DXY), which gauges the greenback vs. a bundle of its main competitors, sheds further ground and drops to multi-session lows in the sub-109.00 area
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The EURUSD moved lower on the news that the ECB would likely consider 75 bps at the October meeting. That meeting is still a ways away, but the “sources” comments highlighted that possibility. The 200 and 100 hour MAs were broken in the process (green and blue lines). However, after bouncing higher and stalling at
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Despite the ongoing crypto winter, global trust in crypto remains unshakable, with countries like the US showing more trust in crypto in the second quarter. In a new survey from Bitstamp exchange which included 28,000 retail and institutional investors from 23 countries, the proportion of retail investors worldwide who believe cryptocurrencies are trustworthy decreased slightly
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