Goldman Sachs: Carry trade unwind has more room to run
Goldman Sachs strategists believe that the recent unwinding of the carry trade involving the Japanese Yen (JPY), has further to go despite the significant moves already...
Goldman Sachs strategists believe that the recent unwinding of the carry trade involving the Japanese Yen (JPY), has further to go despite the significant moves already...
- The U.S. dollar edged higher Monday, in calm trading with traders looking to the release of key inflation data later in the week for clues of future Federal Reserve...
From Ripple launching a new stablecoin to Sahm rule hitting the 0.5% increase, here is a 4-minute breakdown of everything important that happened in crypto today.
According to CoinDesk, former Bank of Japan (BOJ) official Makoto Sakurai has indicated that the central bank will likely postpone additional interest rate hikes until next year, prioritizing market stability in the near term. Sakurai, a former board member, stated on Friday that the BOJ could not implement another rate hike for the remainder of the year. He suggested that the next potential rate hike might occur by March 2023.The BOJ recently raised its key interest rate to approximately 0.25% from a range of zero on July 31, marking the first increase in over a decade. This move signalled the possibility of further rate hikes. The shift away from the zero interest rate policy led to an appreciation of the Japanese yen, which in turn caused an unwinding of the
Both parties argue the CFTC's move to regulate prediction markets is an overreach, with Dragonfly arguing that the recent 'Chevron' court ruling limits its power.
According to recent analysis on CryptoQuant, Bitcoin (BTC) is showing signs of hitting a "local bottom" in the recent early August sell-off.
-- Gold prices steadied in Asian trade on Monday, remaining close to record highs as traders awaited more cues on U.S. interest rates from key inflation data due later in the week.
Crypto markets lack a clear anchor and are susceptible to continued position adjustments based on traditional finance markets, one analyst said.
According to Odaily, Polish Central Bank member Kotecki has indicated that there is potential for interest rate cuts in 2025 if the country experiences low economic growth. This statement highlights the central bank's readiness to adjust monetary policy in response to economic conditions.