Financial News
- Bob Mason
It could be a pivotal week ahead for investors eyeing more conviction from central banks on their policy intentions for interest rates.
- Bob Mason
US inflation and retail sales figures raised investor expectations of a September Fed rate cut, driving buyer demand for BTC and the broader crypto market.
- Ibrahim Ajibade
Crypto News Today: U.S. Senate votes against SEC crypto rule, CME Group plans spot Bitcoin trading, and JPMorgan reports a drop in Bitcoin mining costs. Stay updated on the latest developments in cryptocurrency. In today’s crypto news, the U.S. Senate votes to overturn an SEC rule affecting banks’ dealings with
- Eiko Sievert
Italy’s government needs to devise a credible medium-term fiscal consolidation plan to stabilise public debt given challenges of high interest costs, excessive past tax incentives, and delays in recovery plan spending.
- James Hyerczyk
Euro area inflation remained stable in April 2024, driven primarily by the services sector, while overall EU inflation also remained steady.
- Ibrahim Ajibade
Spot bitcoin exchange-traded funds in the U.S. reported a total daily net inflow of $257.34 million on Thursday, recording a fourth consecutive day of inflows. Blackrock’s IBIT ETF Leads the Way with $94M Inflows BlackRock’s IBIT, the second largest in terms of net asset value, saw the largest amount of
- Bob Mason
China’s economic indicators show strength and strain in April, affecting the Hang Seng Index trajectory early in the Friday Asian session.
- Ibrahim Ajibade
The crypto market entered a mild-correction phase on May 16 after pulling in over 100 billion capital inflows in the last 24-hours. As institutional involvement in crypto grows, Vanguard, Microstrategy and Blocktower dominated the headlines with varying landmark events. Vanguard’s New CEO Rules Out Spot Bitcoin ETF Launch Salim Ramji,
- Vladimir Zernov
Natural gas prices test new highs as traders react to the bullish report.
- James Hyerczyk
Jobless claims rise, above forecast, showing minor labor issues, while Philly Fed’s survey reveals declining manufacturing and negative new orders.
- Vladimir Zernov
Gasoline inventories decreased by 0.2 million barrels.
- James Hyerczyk
The April CPI reading is hinting at easing inflation, however, the Fed is expected to hold rates steady despite investor optimism.
- Vladimir Zernov
Fed Chair does not think it’s likely that the next move is a rate hike.
- James Hyerczyk
The unexpected rise in the PPI adds to the inflationary pressures facing the economy, potentially influencing the Fed’s monetary policy decisions.
- Bob Mason
The UK Labor Market Overview Report sent mixed signals. Upward wage growth trends may test investor bets on a June BoE rate cut.
- Ibrahim Ajibade
Billionaire Mark Cuban responded to former 2024 Republican presidential candidate Donald Trump’s courting of crypto in a Friday social media post, claiming that crypto will play a large role in the 2024 election. “If Joe Biden loses, there is a good chance you will be able to thank Gary Gensler and
- Bob Mason
The US CPI Report could prove pivotal for the global financial markets. Nevertheless, stats will also put the BoE, ECB, and the RBA in focus.
- Ibrahim Ajibade
PEPE has showcased some impressive performance over the last few days, with the memecoin now steadily closing in on its all-time high.
- Bob Mason
The US BTC-spot ETF market saw modest inflows in the week ending May 10, with Fed policy uncertainty and intensifying SEC scrutiny testing buyer demand.
- Ibrahim Ajibade
Binance Hit with $4.3 Million Fine in Canada Canadian financial regulators levied a C$6 million ($4.3 million) fine against leading cryptocurrency exchange Binance citing two separate “administrative violations” of the country’s financial regulations. The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), the nation’s financial intelligence unit, said in