Why the bitcoin ETF inflows are a huge disappointment
On Thursday — just 30 minutes after the launch of the first US spot ETFs — bitcoin touched a 21-month high of $49,051. The peak of the hype in the…
Read More »JP Morgan warn on ‘boiling frog’ US$34 trillion debt – could easily become unsustainable
Media reports on the US’ $34 trillion debt pile: JP Morgan say it could well be a “boiling frog” phenomenon for the economy, as higher deficits and ballooning debt servicing…
Read More »China ‘wealth manager’ Zhongzhi goes bankrupt amid property market collapse
Zhongzhi is a shadow banking-linked wealth manager with major exposure to the property sector. Its not a bank so manages to operate outside many of the prudential and regulatory rules…
Read More »PBOC is expected to set the USD/CNY reference rate at 7.0971 – Reuters estimate
People’s Bank of China USD/CNY reference rate is due around 0115 GMT. The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the…
Read More »The 2023 forex trading year is done. Here are the closing changes
It was a lively year in the FX market with the yen going on a particularly wild ride but ultimately it was the Swiss franc that came out on top…
Read More »US stocks close the week mixed. Major indices rise for the 8th consecutive week
Major US stock indices are closing the day mixed. The Dow Industrial Average is modestly lower while the S&P and NASDAQ closed higher on the day. For the trading week,…
Read More »Forexlive Americas FX news wrap 22 Dec: US PCE/Core PCE show lower trend in inflation
US stocks close the week mixed. Major indices rise for the 8th consecutive week Crude oil futures settle at $73.56 European indices end the week with mixed results Nat. Economic…
Read More »Singapore data – November NODX +0.3% m/m (expected +0.2%)
Singapore Non-Oil Exports for November +1.0% y/y expected +2.3%, prior -3.5% For the m/m +0.3% expected +0.2%, prior +3.4% Singapore Non-oil Domestic Exports (NODX) measures the value of goods exported…
Read More »USD/CAD falls to the lowest since August – what’s next
The weather is cooling off in Canada but the currency has heated up. USD/CAD fell to a four-month low today despite some US dollar strength elsewhere. Bank of Canada governor…
Read More »USD/JPY hit hard after the terrible GDP figures, back under 143.50
USD/JPY has dropped to under 143.30. It was trashed even lower overnight and rebounded to 144: ForexLive Asia-Pacific FX news wrap: Ueda talks about exit, yen rallies ForexLive European FX…
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