2-year Treasury yield heads toward its biggest three-week decline since November 1987
On Friday, 23rd September, Treasury yields sunk to their lowest level since 2012, as global banking jitters continue to shake the financial markets. With worries that the Deutsche Bank crisis will spark further stress for the financial sector, a policy-sensitive 2-year treasury bond fell by a significant 18 basis points to 3.66% in morning trading. […]
Oil to trade at $80 by mid-year, rising to $90 by end-2023 –Commerzbank
At the start of this week, the prices of crude oil hit a new low, declining below the prices last witnessed 15 months ago. The prices of crude oil are highly volatile, and the market is often influenced by a wide range of factors. The decline in crude oil prices this week is significant and […]
US Fed Prints $400 Billion, Bitcoin Price and Ethereum Sets To Rally
The U.S. Federal Reserve has increased its balance sheet by almost $100 billion this week, reaching a total of $400 billion. The central bank continues to print more money in order to rescue cash-strapped banks that have suffered since the collapse of Silvergate, Silicon Valley Bank, and Signature Bank. As a result of this development, […]
There is evidence of encouraging progress on inflation
Bank of England Governor, Andrew Bailey, was recently interviewed by the BBC, where he spoke on the progress of inflation and the current state of the risk of recession in the UK. In a statement that was encouraging for the economy, Bailey said that there is evidence of progress regarding inflation and that the Bank […]
MASK up by more than 18% as ARB drops by nearly 90%
MASK Network’s MASK token has experienced a significant increase in value in the last 24 hours, surging by over 18%, while ARB has dropped by nearly 90% following Arbitrum’s ARB token airdrop. The MASK Network is a dedicated project aimed at bridging the gap between web2 and web3, allowing social media users to interact with […]
FX option expiries for Mar 24 NY cut
Foreign exchange (FX) option expiries for March 24, 10:00 Eastern Time, via Depository Trust & Clearing Corporation (DTCC) indicates the amount of foreign currency options that will expire at a specific time in the global foreign exchange market. The FX market is the largest financial market globally, with daily trading estimated to be around $6.6 […]
Binance Adds ARB/TUSD, ARB/EUR, ARB/TRY, ID/TUSD, ID/EUR & ID/TRY Trading Pairs
Binance Adds Six New Trading Pairs In recent news, Binance, one of the most popular cryptocurrency exchanges in the world, has announced the addition of six new trading pairs to their platform. These new pairs include ARB/TUSD, ARB/EUR, ARB/TRY, ID/TUSD, ID/EUR, and ID/TRY, and they will be available for users to begin trading on March […]
6.8374 vs. the prior close of 6.8286
China is one of the world’s largest economies and its currency, the yuan, is an important factor in the global financial market. The Chinese government has strict control over the yuan’s exchange rate on the mainland, with the central bank, the People’s Bank of China (PBOC), setting a daily midpoint fix for it. This daily […]
Central Limit Book Efficacy Fails to Convince Everyone
Central limit order book (CLOB) trading has seen a significant increase across several platforms over the last 12 months. For instance, LSEG’s average daily volume in 2022 was up 20% year-on-year, EBS Market reported an 11% volume increase over the same period, and Cürex saw volumes rise more than 29% compared to 2021. CLOBs are […]
Novogratz Calls Bitcoin (BTC) “Report Card” on Financial Stability
Mike Novogratz, a prominent figure in the cryptocurrency world, recently made a bold statement about Bitcoin. According to Novogratz, Bitcoin is a report card on monetary policy and financial stability. This statement was made on Twitter, where Novogratz emphasized that BTC was built for the current economic climate. Novogratz’s statements are backed up by a […]