The Fed’s hawkish message sent bond and stock markets swooning, with the dollar updating a 20-year high. The yuan weakened to a fresh two-year low after Fed Chair Jerome Powell signaled a long-term rate hike, prompting the People’s Bank of China to tighten the currency tighter than expected to limit the currency’s slide. The dollar/yuan […]
Yuan Plummets to a 2-year Low After Powell Rocked Financial Markets Read More »
Many crypto companies lack basic financial security; Tether needs an audit that looks like a corporate version of a colonoscopy This year, pessimism, chaos, and panic reign in the cryptocurrency market. Under these conditions, cryptocurrency companies must prove to investors that their money is safe. So far, they are not good at it. Many lack
Crypto Market on the Brink of Collapse, Tether Still Pulling the Test Read More »
Arriving at his office in the heart of Sydney, Nick Tweedale is greeted by an endless array of dollar bills. “This is the simplest forex strategy,” claims a trader and CEO of Asia Pacific brokerage FP Markets. “Unless there is a dramatic shift in fundamentals and rhetoric from the Fed, selling the dollar is stupid.”
Fighting the Dollar Dominance, Will it Work? Read More »
The dollar tumbled to a three-week low against the yen on Thursday after Federal Reserve Chairman Jerome Powell eased investor concerns about continued aggressive monetary tightening. The US currency fell to 135.105 yen, its lowest level since July 6, after the Fed raised interest rates by 75 basis points, as expected, to bring them closer
Dollar Falls as Powell Hints Approaching Neutral Rate Level Read More »
With US interest rates hike this week and growing uncertainty about the future path of the Fed’s tightening policy, the dollar held onto a two-decade high on Tuesday. In contrast, a recent cut in gas supplies to Russia put pressure on the euro. Today, the US Federal Reserve begins a two-day meeting and is expected
Fed Uncertainty and European Gas Crisis Dominate FX Markets Read More »
During the European session, the GBP/USD forecast remains bullish as the cable looks to stay above the 1.20 psychological mark. The pair closed the week below 1.20 but started the last week of July with an upside momentum. At the time of writing, the pair is trading at 1.20399. Shaky greenback One of the main
GBP/USD Forecast: Starts the week with an upside momentum amid weaker DXY Read More »
The dollar rose strongly on Friday but remained on track for its biggest weekly fall since late May after weak US economic data meant that expectations for a 1% US Federal Reserve rate hike next week were eased somewhat. The euro fell from more than a two-week high on Thursday as the European Central Bank
Dollar Rising before Fed’s Rate Hike Read More »
If inflation accelerates, currency depreciation is likely to increase pressure on domestic prices Developing countries live their economic lives at the mercy of the US Federal Reserve. That may sound harsh, but it doesn’t make the truth any less. As monetary conditions ease in the US, capital will flow into emerging markets, making it easier
Dollar Strength Could Hit EM Harder in this Cycle Read More »
This year, demand for long-term LNG supply contracts has surged amid global efforts to reduce Russian gas imports. Manufacturers have capitalized on this trend by charging much higher prices for new long-term contracts. According to an Oil & Gas Journal report, 10-year LNG supply contracts are currently worth about 75% above 2021 levels. However, the
Long-Term LNG Supply Contracts Increasing Amid Embargo with Russia Read More »
German companies face a real risk of production cuts and layoffs as supplies of cheap and clean energy from Russia are cut off due to Western sanctions. German companies, the powerhouse of Europe’s largest economy, are contemplating painful production cuts and resorting to polluting forms of energy previously thought unthinkable as they brace for the
German Companies Bracing for the Worst after Cutting off Gas Supplies from Russia Read More »
