Unwinding of carry trade roadblock for BoJ hikes but not Fed cuts - Goldman
- The recent sharp appreciation of the yen, as a consequence of the unwinding of the “yen carry trade”, could be a roadblock to further hikes by the Bank of Japan,...
- The recent sharp appreciation of the yen, as a consequence of the unwinding of the “yen carry trade”, could be a roadblock to further hikes by the Bank of Japan,...
The BTC market shows signs of seller dominance, FxPro's analyst said.
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Cynthia Petion, one of NovaTech's co-founders, allegedly referred to the cryptocurrency company as “God’s vision” and called herself "Reverend CEO”.
- The U.S. dollar edged higher in tight trading ranges Tuesday, as traders awaited the release of the July producer price index, the first of the week’s inflation...
The dwindling metric points to declining selling pressure in the bitcoin market.
According to Odaily, Bank of America CEO Brian Moynihan has called for the Federal Reserve to lower interest rates promptly in response to the current economic slowdown and reduced consumer spending. Moynihan emphasized the importance of caution, noting that while inflation has decreased, it has not yet reached the desired levels. He warned against striving for perfection in inflation control at the risk of triggering a recession.Moynihan highlighted that a delay in reducing interest rates could negatively impact consumer confidence in the United States. He pointed out that investors are looking for data that falls within a 'sweet spot'—cool enough to justify a rate cut in September but warm enough to alleviate recent recession fears affecting the market.
The ultra-short duration fund aims to compete with established players in the cash proxy space.
According to Dave Lavalle, Grayscale Investments' global head of ETFs, the cryptocurrency exchange-traded fund (ETF) market is set to expand.