Crude Oil Futures: A near-term rebound seems in store
e 15th of October. This data indicates that more and more traders are interested in investing in crude oil futures markets. The trend in open interest positions is a measure of the number of contracts that have been created but not closed out. It is used to gauge investor sentiment and can also suggest whether […]
Fed funds futures traders pull back on 2023 rate-cut expectations as markets move on First Republic rescue efforts
Traders React to First Republic Bank News Following news that several major banks were in discussions to support First Republic Bank, traders have reevaluated their expectations for the number of rate cuts by the Federal Reserve for the remainder of the year. Initially, many traders were predicting a full percentage point of reductions to the […]
Ethereum Price Seems Ready For Another Leg Higher Over $1,750
Ethereum, the second largest cryptocurrency by market capitalization, has been on the rise again, trading above $1,700 against the US dollar. The ETH price has resumed its upward trend, and it could gain bullish momentum if it clears the $1,720 resistance zone. Ethereum had experienced a correction below the $1,700 support zone, trading below the […]
Group of licensed medical cannabis operators file suit against New York regulator for failing to open licensing to all applicants at the same time
A group of licensed medical cannabis operators in New York has filed a lawsuit against the state’s cannabis regulator for overstepping its authority and subverting the intent of the recently enacted Marihuana Regulation and Taxation Act (MRTA). The Coalition for Access to Regulated & Safe Cannabis claims that the Cannabis Control Board and Office of […]
FX option expiries for Mar 17 NY cut
Foreign exchange (FX) options give traders the ability to hedge against unforeseen currency movements or to speculate on potential movements. These options grant the right, but not the obligation, to buy or sell a currency at a specified price within a specific timeframe. The price paid for the option is known as the premium, and […]
Nikola to move battery production to Arizona ahead of schedule
Nikola Corp. announces battery manufacturing relocation to Coolidge, AZ Nikola Corp., the leading electric truck manufacturer, announced on Thursday, December 31st, 2020, that it is relocating its battery manufacturing operation from Cypress, CA, to its Coolidge, AZ, plant. The company plans to complete the move by April of this year, months earlier than the original […]
All banks are currently operating above our minimum regulatory requirements
The Reserve Bank of New Zealand (RBNZ) recently released a statement on Friday indicating that all of the country’s banks are currently operating above the minimum regulatory requirements. This is good news for the country’s banking industry, and it ensures that the public can have confidence in the stability of the financial system. In the […]
FDIC Denies Report Buyers Signature Bank Must Stop Cryptocurrencies Services
The Federal Deposit Insurance Corporation (FDIC) has denied Reuter’s report that the agency is offering Signature Bank to buyers on the condition of waiving all crypto-related services. A spokesperson for the FDIC also stated that the agency published two joint statements with the Office of the Comptroller of the Currency and the Federal Reserve, which […]
Sarepta Therapeutics plummets 20% after FDA contradicts company and requires advisory meeting
Sarepta Therapeutics Inc., a biotech company, recently suffered a major setback after the US Food and Drug Administration (FDA) declared that it would require an advisory committee meeting for the company’s experimental drug for Duchenne muscular dystrophy. This news triggered a massive sell-off in Sarepta’s shares, which plummeted as much as 20% in the after-hours […]
6.9052 compared with the last close of 6.8998
The People’s Bank of China (PBOC) recently set the yuan at 6.9052, compared to its previous close of 6.8998. This daily midpoint fix is based on the previous day’s closing level of the yuan and quotations taken from inter-bank dealers. China maintains strict control over the yuan’s rate on the mainland, with the onshore yuan […]