“Credit Suisse: Unveiling Secrets Beneath the 4195 YTD High – Reach the Top in Style!”
The S&P 500 remains capped below its year-to-date high of 4195, and analysts at Credit Suisse maintain their bias of looking for a top, which will be confirmed if the index falls below the 4052/48 range. With the daily MACD momentum having turned lower, the broader risk is shifting towards a “risk off” phase, suggesting […]
“Bitcoin Bear Battle: BTC Must Slip Below $27K Before Friday’s $900M Options Expiration!”
Rewrite and expand this content to 900 words Bitcoin The $900 million Bitcoin (BTC) weekly options expiry on May 12 might play a decisive role in determining whether the price will succumb below $27,000. Bitcoin price rejected again at $30,000 BTC bears will try to take advantage of macroeconomic headwinds, Silk Road coins’ FUD, and […]
“Treasury Yield Plummets: Traders Eye Inflation Data, Debt-Ceiling Breakthrough in 2-Month T-Bill Slump”
The US Treasury market experienced a decline in yields on Wednesday afternoon, led by the yield on the 2-month T-bill. This comes as traders considered April’s consumer-price index data and the possibility of a resolution to the US debt ceiling in the coming months. The 2-month rate dropped to 5.009% as of 12 p.m. Eastern […]
April Sees Significant FX Reserves Dip: UOB Uncovers Surprising Changes
Enrico Tanuwidjaja and Junior Economist Agus Santoso, economists at UOB Group, have reviewed the latest release of foreign exchange (FX) reserves in Indonesia. In April 2023, Indonesia’s foreign exchange reserves slightly decreased by $1 billion to reach $144.2 billion. This latest reserve level is enough to finance 6.4 months of imports or 6.3 months’ worth […]
“Bitcoin Futures OI Plummets to One-Month Low as Decline Persists – What’s Next?”
Bitcoin (BTC) may be experiencing a decline in investor interest as its open interest (OI) in perpetual futures across significant exchanges has been dropping since May 1. Consequently, OI recently fell to a one-month low. Data from Glassnode shows that bitcoin’s OI on leading exchange Bitfinex has dropped to a one-month low of $133.6 million. […]
Breaking: U.S. Oil Futures Drop Following Unexpected Weekly Surge in Crude Supplies!
U.S. oil futures settled with a loss on Wednesday after the Energy Information Administration reported the first weekly gain in U.S. crude supplies in four weeks. June West Texas Intermediate crude CLM23 fell $1.15, or 1.6%, to settle at $72.56 a barrel on the New York Mercantile Exchange.
“EUR/PLN Skyrockets Towards 4.75, Commerzbank Predicts Huge Gains!”
Economists at Commerzbank have recently revised their EUR/PLN forecast path, albeit only slightly lower. They predict that the Euro will remain strong through 2023 but weaken once again during 2024. With the Zloty’s high-beta relationship to the Euro, they see the EUR/PLN rising towards 4.75 as inflation in Poland will likely remain stubbornly above target. […]
Discover the Two Groundbreaking Crypto ETPs Revolutionizing the Investing Game – Don’t Miss Out!
A collaboration between Swiss company Crypto Finance and Swedish pioneer index provider Vinter has resulted in two unique and innovative crypto exchange-traded products (ETPs). Crypto Finance specializes in providing cryptocurrency and blockchain services to institutional and professional clients since 2017. It has been awarded numerous accolades for its impressive work in the cryptocurrency industry, including […]
“US Stocks Conquer Volatility: Soar Post-Inflation Data Reveal, Market Resilience Showcased!”
US stocks mostly saw gains on Wednesday, with the S&P 500 and the Nasdaq Composite ending the day in the green, while the Dow Jones Industrial Average was slightly down. This came after a report showed that inflation pressures in April eased around as much as expected, and the market reacted accordingly. The S&P 500 […]
“Unveiling Exciting FX Option Expiries for May 11: Don’t Miss the NY Cut Action!”
Foreign exchange option expiries as of May 11, New York Cut at 10:00 Eastern Time, as sourced via The Depository Trust & Clearing Corporation (DTCC), are detailed below. For EUR/USD, key EUR amounts are expiring at the following rates: – 1.0895-1.0900 with a notional size of €1.7b – 1.0925 with a notional size of €1.7b […]