Author: FX

Share: “Several members said must be vigilant to risk inflation may accelerate more than expected,” as per the March month’s Monetary Policy Meeting Minutes from the Bank of Japan (BoJ). Key statements Members agreed there was very high uncertainty surrounding Japan’s economy. Several members said cost-push price pressure might last longer than expected if global commodity prices rise more than projected. A few members said there were some positive signs towards achieving BoJ price target. A few members said must scrutinize balance of effect, cost of stimulus, but must maintain massive stimulus for now. One member said BoJ…

Douglas Rissing The clock is ticking for a divided U.S. Congress to raise the federal government’s debt ceiling, which currently stands at $31.4T, but risks running out of cash as soon as June 1. Razor-thin margins in Congress are complicating the matter, as only a handful of rejections could derail any deal, and concessions are a lot harder to come by, with extreme flanks enveloping both sides of the debt limit debate. While President Biden has invited House Speaker Kevin McCarthy to a meeting on Tuesday, things can quickly spiral in the danger zone, and is one of three make-or-break…

3/3 © Reuters. Undocumented migrants from Venezuela who were in limbo at Chile-Peru border, stand at the airport while they board a special homecoming flight to Venezuela from Arica airport, Chile May 7, 2023. REUTERS/Alexander Infante 2/3 SANTIAGO (Reuters) -Chile’s government said that 115 Venezuelan migrants who had been stranded on the border with Peru were repatriated to Venezuela on a humanitarian flight Sunday. Hundreds of migrants, mostly Venezuelans seeking to return home, had been stranded in the country’s northern border after being denied entry into Peru. The incident sparked diplomatic tensions as Peru sent police and soldiers to the…

Comments from Vitol head of Asia, Mike Muller, speaking on a webcast over the weekend. On China: “Gasoline demand in China is still pretty good,” … “has surprised on the upside” “The bit missing from the China demand equation is long-haul jet travel, long-haul aviation. I think it’s fair to say globally and in China, domestic air travel is back to pre-pandemic levels if not above in many places but long-haul is not.”More widely:global oil demand is expected to grow in excess of 1.5 milion b/d to 1.6 million b/d this year”People are revising diesel demand down to a point…

Share: Weekly forecast, May 8 – 12, 2023 Uptrend scenario The uptrend may be expected to continue, while market is trading above support level 4068, which will be followed by reaching resistance level 4206 – 4244. Downtrend scenario An downtrend will start as soon, as the market drops below support level 4068, which will be followed by moving down to support level 3981. Monthly forecast, May 2023 Uptrend scenario The uptrend may be expected to continue, while market is trading above support level 4068, which will be followed by reaching resistance level 4206 – 4244 and if it…

Letitia James has reportedly proposed legislation that would give the New York Attorney General’s office more authority to regulate the crypto industry. In a May 5 announcement, the NY AG’s office planned to submit a bill called the Crypto Regulation, Protection, Transparency and Oversight Act, or CRPTO, in the state’s 2023 legislative session. The proposed legislation would give New York officials the enforcement power to issue subpoenas, impose civil penalties for crypto firms violating state law, and shut down companies allegedly involved in fraud or illicit activities. Continue Reading on Coin Telegraph Source link

Recommended by Manish Jaradi Introduction to Forex News Trading The US dollar declined in the past week after the US Federal Reserve hinted at a pause in the historic rate hiking campaign. Global equity markets ended largely flat, with US markets ending mixed in a volatile week driven by better-than-expected earnings, regional banking woes, debt-ceiling jitters, and optimism that the Fed is near the end of the tightening cycle.The US dollar index (DXY index) ended the week lower by 0.4%, while the MSCI All Country World Index was largely flat. Within equities, the S&P 500 fell 0.8%, while the Nasdaq…

Dmitriy83/iStock via Getty Images Patients in the U.S are expected to dish out $10B on obesity medicines in 2027, marking an $8.1B rise or over 378% growth for the period 2023 – 2027, the latest industry report on pharma spending from the drug analytics firm IQVIA Holdings (IQV) indicates. According to the report, 2 – 5 new weight loss drugs targeted at the gut hormones, glucagon-like peptide-1 (GLP-1) and glucose-dependent insulinotropic polypeptide (GIP), will reach the market over the forecast period. The publication titled “The Use of Medicines in the U.S. 2023” notes that obesity was among a handful of…

Yellen speaking on ABC News’s “This Week” said: The US could face a potential constitutional crisis due to debt ceiling negotiations, with major consequences to the financial markets and interest ratesDebt ceiling negotiations should not take place “with a gun to the head of the American people” Reiterated that the government could pay its bills only through early June President Joe Biden will meet with Republican and Democratic leaders this week (on May 9) to discuss debt ceiling negotiations and financial challenges ahead of the June 1 deadline. Source link

LDO Recently Recorded Its Largest Transaction in 2 Years Santiment, the blockchain analytics firm, tweeted yesterday that LDO recorded its largest transaction in 2 years.According to the post, $135 million LDO was recently sent from one self custody wallet to another.At press time, LDO’s price was trading at $1.85 following a 1.45% drop. In a tweet yesterday, the blockchain analytics firm Santiment mentioned that Lido DAO (LDO) recently saw its largest transaction in 2 years. According to the post, $135 million worth of LDO was moved from one self custody address to a new one. Notably, this is the 8th…