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The main event in the European session was the UK employment report. The data was much better than expected, especially on the wage growth side, and the GBP got a boost from that. In terms of market pricing it shouldn’t change much as the BoE is widely expected to keep the Bank Rate unchanged this week. In the American session, the Canadian CPI and the US Retail Sales will take the spotlight. 13:30 GMT/08:30 ET – Canada November CPIThe Canadian CPI Y/Y is expected at 2.0% vs. 2.0% prior, while the M/M figure is seen at 0.1% vs. 0.4% prior.…
Este artículo también está disponible en español. Amid its historic price action, Bitcoin (BTC) has quietly hit a new all-time high (ATH) against gold. The insight was highlighted by veteran trader Peter Brandt in an X post. Bitcoin Hits New ATH Against Gold: Room For Further Growth? Brandt’s analysis revealed that the BTC-to-gold ratio has reached a new ATH of 32.19 ounces of gold per BTC. In his post, the seasoned trader also took a subtle dig at long-time gold advocate Peter Schiff, a vocal Bitcoin critic. Related Reading For those unfamiliar, the BTC-to-gold ratio measures Bitcoin’s performance relative to…
Investing.com– Asian currencies were largely subdued on Tuesday as markets were cautious ahead of interest rate decisions from major central banks, including the U.S. Federal Reserve. The Fed is expected to cut by 25 basis points on Wednesday, but signal a slower pace of easing in 2025. Expectations of a slower rate cut path have underpinned the U.S. dollar and created downward pressure on Asian currencies. The was largely steady in Asia hours on Tuesday, while the were marginally higher. Asia FX dips ahead of regional interest rate decisions The Japanese yen’s pair was largely unchanged. Reuters had reported the Bank…
Dec. 17, 2024 1:09 AM ETEWJ, JEQ, FXI, PGJ, EWH, DXJ, CAF, FXY, USD, GXC, TDF, CHIQ, YINN, YANG, CQQQ, MCHI, CXSE, KWEB, ASHR, KBA, CWEB, BTC-USD, KURE, AS51, NKY:IND, SHCOMP, HSI, SENSEX, AUD:USD, NZD:USD, USD:KRW, JPY:USD, CNY:USD, INR:USD, HKD:USDBy: Meghavi Singh, SA News Editor tadamichi Asia-Pacific markets trade mixed on Tuesday as cautious traders anticipated interest rate decisions from major central banks, including the US Fed, this week. A monthly review of key lending rates in China will also take place in the coming days, following the PBoC’s move to ADVERTISEMENT: Halo, para pengemar slot! pernahkah mendengar istilah “raja…
New York CNN Business — A tumultuous quarter at Tesla ended with some very good sales numbers. The company delivered 83,500 vehicles during the third quarter, a strong performance that should calm investor fears about logistical problems and a looming cash crunch. That included almost 56,000 of the lower-priced Model 3. Production was a bit below that number: Tesla said it built about 53,000 Model 3s. But that was within the company’s projections. Only three months ago, the company struggled to build 5,000 Model 3s in a week, a long-delayed target. Tesla did not maintain that pace, but production was…
The UK Financial Conduct Authority (FCA) has released a discussion paper outlining several proposals and inviting public feedback on crypto regulations in the country. Notably, one proposal seeks to ban public crypto offers from non-regulated entities. Cryptocurrency Public Offers Draw The FCA’s Attention According to the FCA, the proposals – detailed in the discussion paper titled “DP24/4” – aim to mitigate risks associated with digital assets while fostering growth and innovation within the sector. The paper is directed toward investors, crypto firms, industry groups, and other professional bodies involved in the virtual assets space. One proposal garnering significant attention is…
US President-elect Donald Trump is meeting the CEO of TikTok as the social media giant fights plans to have it banned in the US. Trump was due to meet Shou Zi Chew at his Mar-a-Lago estate in Florida on Monday, the BBC’s US partner CBS News reports, citing sources familiar with the meeting. A law passed earlier this year means TikTok will be banned unless it is sold by its Chinese parent company, ByteDance, before 19 January.The company has made an emergency application to the US Supreme Court to have the ban delayed.The US wants TikTok sold or banned because…
Created on November 20, 2024 Canadian CPI (inflation) data ticked higher yesterday in all its metrics, suggesting advanced economy inflation is proving to be a bit sticky as it nears its target range.Canadian CPI data released yesterday showed inflation ticking unexpectedly higher, but not by a great deal. Month-on-month inflation rose from -0.4% to 0.4%, causing annualized Median CPI to rise from 2.3% to 2.5%, when a rate of 2.4% was expected. This has helped boost the Canadian Dollar over recent hours, notably threatening to break to a long-term high against the weak Japanese Yen in the CAD/JPY currency cross.The…
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if you have any questions. Advisory warning: FOREXLIVE™ is not an investment advisor, FOREXLIVE™ provides references and…
On December 17, COINOTAG reported significant activity within the U.S. Bitcoin spot ETF market, highlighting a remarkable net inflow of $637.5 million over the prior day, according to data sourced from Farside Investors. The leading contributor to this surge was BlackRock’s IBIT, attracting a substantial $418.8 million. Other noteworthy inflows included BITB with $30.7 million, ARKB receiving $47.7 million, and Grayscale’s GBTC and BTC, which garnered net inflows of $17.6 million and $6.6 million, respectively. These figures underscore the growing institutional interest and confidence in cryptocurrency investments, particularly Bitcoin ETFs, which are now seen as a pivotal element in the…