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Canadian Dollar jumps higher again after data should consumer inflation rose further to multi-decade high. On the other hand, Dollar is paring some gains as stock markets are trying to recover. As for the week so far, Euro remains the worst performing one. Sterling is next and will look into BoE Governor Andrew Bailey’s comments.
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Decentralized technologies are about to revolutionize the global financial system and its institutions. Decentralized Finance (DeFi) offers interesting potential to reduce costs and increase the speed of payments by eliminating friction in terms of technology, contracting and coordination between several parties. DeFi delivers on the promise of faster, better, and cheaper payments, but a number
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At this point, I have to believe that there are oil buyers anticipating a Russian invasion of Ukraine. The buying has been absolutely relentless. Yesterday was a tell with oil up $1 despite US stocks falling 2%. Moreover, the latest gains come despite a $21 one-way rally since December 20. Crude has only had six
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Pound among top performers supported by UK CPI numbers. EUR/GBP extends slide, start looking at 0.8300. EUR/GBP extends slide and approaches 0The EUR/GBP broke to the downside and fell to 0.8312, reaching the lowest level since February 2020. It remains near the low, under pressure, looking at the 0.8300 area on the back of a
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Asian markets remain track their global counterparts as Treasury yields remain firmer ex-China. PBOC’s readiness to defend the world’s second-largest economy keeps buyers hopeful. Australia witnesses record virus-led deaths, New Zealand pushes back border reopening. Tokyo and the other 12 prefectures are up for quasi-emergency, geopolitics also plays their roles. Asian shares print losses, just
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