Day: March 23, 2022
Powell’s speech yesterday definitely impressed investors as the Fed Chair took the opportunity to communicate a possibility of faster rate hikes which was interpreted as the policy bias of the Fed getting more hawkish. Markets were quick to price in 50 bp hike on May as a baseline scenario, the odds of the outcome rose […]
Type: Bullish BounceKey Levels:Resistance: 19.88Pivot: 19.01Support: 18.56Preferred Case:Price is near the pivot level of 19.01 in line with 38.2% Fibonacci retracement and overlap support. We expect price to move towards 1st resistance level of 19.88 in line with 61.8% Fibonacci projection, along with a swing high resistance.Alternative Scenario:Price may break our pivot structure and head […]
Gold futures finished lower on Tuesday, pressured by strength in Treasury yields in the wake of comments from Federal Reserve officials on interest-rate hikes. Fed Chairman Jerome Powell on Monday said policy makers could delivery half percentage point rate hikes at future meetings and St. Louis Fed President James Bullard said Tuesday that the central […]
The experimental CBDC platform proved that the design approaches used to address three major issues of access, jurisdictional boundaries and governance were effective. 2636 Total views 41 Total shares Bank of International Settlement (BIS) Innovation Hub has completed an experimental central bank digital currency (CBDC) platform pilot for international settlement with the central banks of Australia, […]
Bitcoin (BTC) set a new all-time high for hash rate last week, but opinions are divided as to whether the uptrend can continue. In a Twitter debate on March 21, Preston Pysh, host of The Investor‘s Podcast, eyed changing behavior in Bitcoin‘s hash ribbons metric for signs of a new hash rate “lull.” Questions over […]
During his trip to Europe later this week, President Joe Biden will “join our partners in imposing further sanctions on Russia and tightening the existing sanctions to crack down on evasion and to ensure robust enforcement,” said Jake Sullivan, Biden’s national security adviser, during a Tuesday briefing for reporters. When asked for details, Sullivan said […]
