Progress can have its drawbacks, as the French stock market regulator, the nongovernmental Autorité des marchés financiers (AMF), has noticed. According to the AMF ombudsman, digital asset-related mediations rose sharply in 2022, as did the number of registered digital asset service providers (DASPs). In its newly released 2022 annual report, the AMF ombudsman included a
Share: Gold Price clings to mild gains while snapping three-day downtrend. Federal Reserve’s hawkish halt defends XAU/USD bulls despite upbeat FOMC announcements. China data-dump, United States Retail Sales eyed for clear directions of the Gold Price. XAU/USD bears keep poking 100-DMA as bulls struggle to keep the reins. Gold Price (XAU/USD) stays defensive around $1,945
Dollar is facing renewed selling in early US session as data reveals a further slowdown in upstream inflation via PPI. All eyes are now on the much-anticipated FOMC rate decision where a ‘hold’ is broadly expected. However, the possibility of an upside surprise in both inflation projections and the dot plot remains, suggesting that we
There is a little bit of this and a little bit of that in the Fed Chair comments and in the markets: In the forex, the major indices saw the dollar spike higher and then retrace. The US yields moved higher and came back off. The US stocks fell and recovered. EURUSD: The EURUSD moved
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
Oil prices rose on Wednesday after bullish oil demand growth forecasts from the International Energy Agency (IEA) and OPEC and as investors awaited the outcome of the U.S. Federal Reserve’s June meeting. Brent crude futures were up 95 cents, or 1.3%, at $75.24 a barrel by 1346 GMT. U.S. West Texas Intermediate (WTI) crude was
Share: Pound Sterling has shown a vertical upside post a comparative analysis of the UK’s economic prospects from other nations. More interest rate hikes by the BoE seem possible as UK’s inflationary pressures are extremely stubborn. UK’s labor wages showed more persistence as firms are offering higher payouts to offset labor supply shortage. The Pound Sterling (GBP) has
The financial markets remain firmly entrenched in a risk-on stance as signs increasingly point towards Fed “skipping” tightening at today’s rate decision. As a result, Yen, Swiss Franc, and Dollar are this week’s worst performers, exhibiting no clear indications of a resilient bounce. On the other end of the spectrum, Australian and New Zealand Dollar
The USD weakened lately following a beat in the NFP data. The weak details, such as a higher unemployment rate and lower average weekly hours, contributed to this shift towards less hawkish expectations. A looser labour market should bring down inflation faster. Additionally, the miss in the ISM Services PMI, particularly the lower prices paid
Here’s a look at how the curve in Fed funds futures have changed since a month ago and at the start of this month: It may seem like an eternity but it was just four weeks ago that traders were still convinced of three rate cuts by the Fed before year-end. That pricing was ultimately
Gold prices gained in the early trade on Wednesday on the back of a weaker dollar index (DXY). Although traders maintained their cautious approach ahead of the Federal Open Market Committee (FOMC) outcome, scheduled later in the day. MCX August Gold futures were trading at Rs 59,301 per 10 grams in the opening trade, up
Shell gas station prices are seen on May 30, 2023 in Austin, Texas. Brandon Bell | Getty Images Consumers are growing more optimistic that inflation is on the way down, according to a New York Federal Reserve survey released Monday. The central bank’s monthly Survey of Consumer Expectations for May showed one-year inflation expectations down
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What makes a decentralized autonomous organization (DAO) a DAO? In practice, the democratic structure of these organizations has been compromised because a number of self-purporting DAOs are operating like traditional corporations. With this in mind, developers at Delphi Labs proposed an alternative framework, incorporating so-called BORGs (Cybernetic Organizations) into governance structures to automate decision-making so
Share: EUR/USD prods two-day winning streak by reversing from the highest levels since late May. Mostly downbeat German, EU data fails to lure bears as US inflation challenges Fed’s rate hike. Hopes of witnessing hawkish guidance from US central bank highlights economic forecasts, dot-plot and Powell’s speech. Eurozone Industrial Production, US PPI may entertain Euro
Dollar falls significantly in early US session, reacting to reports that both headline and core CPI decelerated in May. This development boosts confidence to Fed policymakers to skip tightening at tomorrow’s decision. Meanwhile, Canadian Dollar and Yen are following as the next weakest for now. Contrarily, Sterling is witnessing a surge, rebounding from its initial
The price of crude oil did rally sharply today with the price settling at $69.42 up $2.30 or 3.43%.The high price extended to $69.83. The low was at $67.15. Looking at the hourly chart above, the run to the upside today stalled just short of the 38.2% retracement of the run down from the June