The market’s interest is focused on the critical meeting of the ECB’s board of directors next Thursday, September 8, as the pressures on the Central Bank to proceed with a significant – by 0.75% – increase in its key interest rate are increasing. According to the poll published today by the Reuters agency, about half […]
Tag: Forex
Ebury: Comments about an aggressive move by the ECB put a brake on the fall of the euro
By Enrique Diaz – Alvarez* The annual meeting of the world’s central bankers in Jackson Hole delivered a decidedly hawkish message, led by US Federal Reserve Chairman Powell giving a very short and clear speech. However, currency markets seem to have priced in this development, and the reaction was relatively subdued. All G10 currencies are […]
The Turkish lira is ‘tumbling’ towards an absolute low
Another Monday has come, another week begins with losses for the Turkish lira on Monday, nearing a record low after the Federal Reserve said interest rates in the United States could rise for some time. Higher US and European interest rates are reducing the attractiveness of emerging market assets such as Turkish bonds. The Fed’s […]
The dollar strengthened to a 20-year high
The dollar strengthened to a 20-year high today after Fed Chairman Jerome Powell signaled that interest rates will be kept higher for longer to reduce inflation. The index of the exchange rate of the US currency against a basket of other major currencies climbed to 109.48 points. Despite statements from European Central Bank officials over […]
Bitcoin is moving below $20,000
Bitcoin fell below $20,000 over the weekend – and continues to move below that level today – following a “hawkish” speech by US Federal Reserve (Fed) Chairman Jerome Powell on Friday, in which warned that interest rates would continue to rise in order to rein in inflation. Bitcoin fell about 8% after Powell’s remarks on […]
Cryptocurrencies: Bitcoin Falls Below $20,000 For First Time Since July 14
Cryptocurrencies moved in line with global markets and retreated after Jerome Powell warned against premature policy easing, with Bitcoin dipping below the lows of the narrow range it has been trading in for the past two weeks. Bitcoin lost as much as 3.4% to $19,947.32 on Saturday at 14:40 Singapore time, falling below $20,000 for […]
Gold down 1.2% below $1,750
Gold ended Friday with losses, in the aftermath of Jerome Powell’s speech at the Jackson Hole Economic Symposiumwhere he stressed the need to tame inflation, supporting the outlook for higher interest rates from the Fed. In particular, the chairman of the Federal Reserve reiterated his commitment to contain inflation, warning that he expects the US […]
Powell also ‘throws’ cryptocurrencies
Cryptocurrencies are following the decline in international markets and are taking losses after US Federal Reserve (Fed) Chairman Jerome Powell warned against premature easing of monetary policy, with Bitcoin hovering just above $20,000. “Powell’s admission that there will be pain before there is relief is hawkish,” said Josh Olszewicz, head of research at digital asset […]
The euro and bond yields are on the rise
Eurozone bond yields are showing a rise today as the European Central Bank table seems to be discussing a larger increase in interest rates, by 0.75%, at the Governing Council meeting on September 8. The mood worsened further after the speech by the head of the US Federal Bank (Fed) Jerome Powell at Jackson Hall. […]
Despite Bitcoin’s 68% Losses, Analyst Predicts ‘Warm Winter’
Bitcoin may have more than halved from record levels, but “there’s a lot more to it,” said Edith Jung, general partner at Race Capital, declaring a “crypto winter” and heralding a “warm winter.” “In a way, the ‘warm winter’ will essentially push away everyone who really [θέλουν] to be there for short-term gain,” the bullish […]