6-month T-bill rate heads for highest level in 16 years
On Tuesday morning, the rate on the 6-month T-bill surged to 5.140%, according to Tradeweb. This marks the highest level for the rate since February 2007. The rise in short-term rates is attributed to inflation data from France and Spain, which indicates inflation is still an issue outside of the United States. This suggests that […]
Bitcoin miner Marathon expected to see revenue triple in Q4
Mining giant Marathon is expected to report its fourth quarter earnings after the U.S. close today, and analysts are predicting that the company’s revenue will be triple what it was in the third quarter. According to estimates compiled by FactSet, Marathon is expected to report $38.4 million in revenue, still down year-over-year from $60.3 million, […]
Still a long way to go to 2% – Commerzbank
The beginning of 2023 has brought a significant damper to hopes of a swift further decline in the inflation rate. This has led economists at Commerzbank to predict that the Federal Reserve (the Fed) will raise interest rates several more times. Upon review of various core measures, the economists found that the inflation trend is […]
Ongoing pressure higher towards a retest of the 1.37 area – Scotiabank
The US Dollar/Canadian Dollar (USD/CAD) exchange rate has been on the rise, gaining through 1.35 points to test 1.37, according to Shaun Osborne, Chief FX Strategist at Scotiabank. This bullish trend could continue as the trend strength (DMI) oscillators are aligned in favor of the US Dollar on intraday, daily, and weekly studies. The USD/CAD […]
Shiba Inu’s PAW Token Listed by Major LBank Exchange Ahead of Shibarium Launch
Shiba Inu’s PAW Token has been listed by a major crypto exchange, LBank, ahead of the upcoming launch of Shibarium. The news was announced by both LBank and SHIB-themed Twitter handle “SHIBARMY CANADA” (@Dezaxe). PAW (PawSwap) is the native token of the first multi-chain decentralized trading venue that will be built on Shibarium once the […]
Natural Gas Futures: Recovery could be losing momentum
data. Monday marked the second consecutive session of decreased open interest in natural gas futures markets, with preliminary data showing a nearly 22K contract drop. This downward trend is a concerning one, as it reflects a lack of investor confidence in the natural gas market. The natural gas market has been in a prolonged period […]
Twitter Analyst Shares Top 7 Upcoming Token Unlocks for March
The Twitter analyst account Technical Crypto Analyst (@TechCryptoAnlst) recently tweeted about the upcoming token unlocks in March 2023. The tweet included a graphic that showed the amount of tokens that will be unlocked, the respective date for each token unlock, as well as the approximate dollar amount of each token unlock. Hedera (HBAR) will have […]
Fed rate hike call for March lifted to 50 basis points by NatWest
NatWest Markets has recently revised their forecast for the March meeting of the Federal Open Market Committee (FOMC), expecting a 50 basis point hike instead of the previously predicted 25 basis point rise. This change of prediction comes after the release of the Personal Consumption Expenditures (PCE) report, which provides an insight into the current […]
FX option expiries for Feb 28 NY cut
Foreign exchange (FX) option expiries for February 28th New York cut at 10:00 a.m. Eastern Time, via the Depository Trust & Clearing Corporation (DTCC), can be found below. For the Euro/US Dollar (EUR/USD) currency pair, the expiries are for EUR amounts. The amounts are 1.0500 for 1.3 billion, 1.0530 for 656 million, and 1.0625 for […]
ETH Aims Fresh Increase Above $1,700
Ethereum price is currently in a consolidation phase above the $1,580 mark against the US Dollar. The bears have tried to push the price below the $1,600 support zone, but the bulls managed to defend the $1,580 level. There is a key bearish trend line forming with resistance near $1,660 on the 4-hours chart (data […]