World’s Rate Laggards at ECB and BOJ Take Center Stage: Eco Week
Central banks from the euro zone to Japan are about to reveal if they can resist the global urge for aggressive monetary tightening led by the US Federal Reserve.Almost all
Saudis give US no immediate pledge to boost oil output
Saudi Arabia has given the US no concrete commitments on boosting oil output and will only do so if the market is in deficit, state minister of foreign affairs Adel
Japan’s Suzuki Flags Sudden Yen Slide, Speculative Moves at G20
Japanese Finance Minister Shunichi Suzuki voiced his concern over the yen’s sudden drop on the back of some speculative moves, speaking on the sidelines of a Group of 20 meeting ECB’s Holzmann Foresees Steep Rate Hikes to Stem Fast Inflation
The European Central Bank should increase interest rates by as much as 125 basis points by September if the inflation outlook doesn’t improve, according to Governing Council member Robert Holzmann.
Historical Data Could Suggest Possible Price Bounce for BTC
The net unrealized profit and loss position of short-term Bitcoin (BTC) holders has reached levels that historically have marked BTC macro bottoms. When looking at BTC’s historical data, this situation
Japan ruling party set for strong election showing after Abe killing
Japanese voters went to the polls on Sunday for a parliamentary election that may give the ruling Liberal Democratic Party (LDP) a surge of support after the assassination of former
China’s June Factory Inflation Cools, Consumer Prices Accelerate
China’s factory-gate inflation cooled in June to the lowest in 15 months, as strict anti-COVID measures hit demand and global recession fears triggered a selloff in ferrous metals, while consumer Japanese Yen Q3 2022 Technical Forecast: USD/JPY Targets 1998 High
The Japanese Yen fell more than 10% versus the US Dollar in the second quarter as USD/JPY bulls pressed higher with nearly unrelenting vigor. USD/JPY broke its 2015 high in
Bitcoin indicator that nailed all bottoms predicts $15.6K BTC price floor
Bitcoin (BTC) needs to go lower before putting in a macro bottom, one of the market’s most accurate indicators shows. Data from sources including on-chain analytics firm Glassnode shows Bitcoin’s MVRV-Z Score