Latest Market News
BNY Mellon Reserve Import Cover Shows Vulnerability Although August macro data for APAC countries in general showed continued deterioration, one relative bright spot was tentative signs of stabilization in economic conditions in China. Aside from declining credit growth (aggregate financing eased 0.2ppt to 10.5%), China’s activity data otherwise was encouraging. Examples of recovery signs came […]
The UAE Ministry of Economy continues its push into the Metaverse with the announcement of a “third address” located in a virtual world. 259 Total views 24 Total shares The United Arab Emirates (UAE) Ministry of Economy has announced a new headquarters located where anyone in the world can visit — the Metaverse. According to […]
Institutional appetite for Ethereum will grow now that the network is ESG compliant, according to the BitMEX boss. 429 Total views 11 Total shares In a recent interview, BitMEX chief executive Alexander Höptner shared his thoughts about institutional investors who, in his view, still have an appetite for crypto and Ethereum. Speaking at the Token2049 […]
The commissioner said the potential of blockchain and cryptocurrency to change existing markets necessitates a new retail investor protection office similar to that of the SEC. 142 Total views 5 Total shares Commodity Futures Trading Commissioner (CFTC) Caroline Pham has proposed the creation of an “Office of the Retail Advocate” aimed at expanding the CFTC’s […]
AUDJPY Reversing Heavily AUDJPY has undergone a sharp shift in sentiment over recent weeks. Following the breakout to fresh 2022 highs in mid-September, the pair has now collapsed and traded down from around 98.80s to 92.20s currently. The reversal comes amidst a heavy wave of risk aversion sweeping across markets which is fuelling safe-haven demand […]
Copper Turning Lower The recent short idea issued in copper futures has triggered on a break of the 3.3445 lows this week. Copper prices have turned sharply lower following the rejection at the 3.7300 and with support now broken, the focus is on a move down towards the 2.9610 level next. With the US Dollar […]