Category: Cryptocurrencies

On Wednesday at 14:00 GMT, the BoC will decide on monetary policy, with market participants raising bets of a 75bps hike after the inflation numbers for September, despite economists’ consensus staying at 50bps. However, the Read more…

A central bank extravaganza lies ahead. The show will kick off with the Bank of Canada meeting, where markets expect another rate increase but are split on the size. Meanwhile in Europe, a triple-barreled hike Read more…

Well, timing is everything. While Japan was quiet most of the day as USD/JPY marched higher, intervention finally came in early US session and knocks USD/JPY back below 150. In the background, Dollar was already Read more…

USD/JPY rallies as BoJ might stay dovish The Japanese yen weakens as quantitative tightening remains a remote prospect. As its currency sank to a 32-year low, the Bank of Japan’s ultra-loose monetary policy has become Read more…

UK Prime Minister Liz Truss stepped down this week after only 44 days in the office. The resignation follows heavy pushback on the ‘mini-budget’ presented in late September, which sparked fears of even more persistent Read more…

Markets It’s rather unusual that US, German and UK yield curve all move in a different direction, yet this week it was the case. UK Gilts obviously outperformed US Treasuries and German Bunds. The UK Read more…

Following the conclusion of the first day of the European Council meeting yesterday, it emerged that EU leaders had finally agreed on what could be called a price cap on Russian oil. It meant an Read more…

As if the political storm hitting the UK was not enough, macroeconomic data is also not encouraging markets, adding pressure to the country’s assets. GBPUSD is losing more than 1.4% since the start of the Read more…

The Euro struggled to clear the 0.9880 and 0.9900 resistance levels against the US Dollar. The EUR/USD pair reacted to the downside and declined below the 0.9820 support. There was close below the 0.9800 level Read more…