Author: FX

Recommended by Daniel Dubrovsky Get Your Free Equities Forecast Below is a chart showing how various corners of financial markets performed in the first quarter. Bitcoin greatly outperformed and gold also did solidly. In the currency space, the British Pound outperformed the Japanese Yen, Euro, US Dollar and Australian Dollar. Meanwhile, crude oil sank. Do any of these surprise you?Perhaps the most interesting is a solid 3 months for the tech-heavy Nasdaq 100 despite the fallout of Silicon Valley Bank’s collapse. In fairness, the Federal Reserve and the government stepped in to protect depositors. Financial market volatility cooled amid early…

© Reuters. FILE PHOTO: A general view shows the French Alpine resort of Les Contamines-Montjoie, France, February 8, 2020. REUTERS/Denis Balibouse PARIS (Reuters) -Four people have died and nine others have been injured in an avalanche southwest of Mont Blanc in the French Alps, interior minister Gerald Darmanin said on Sunday. The avalanche occurred in the middle of the day on the Armancette glacier, he wrote on Twitter. Those caught up in it were backcountry skiing in the mountains, said Emmanuel Coquand, spokesperson for the local authorities of Haute-Savoie, adding that they were still confirming the identity of the victims.…

Carsten Koall/Getty Images News “With rising geopolitical tensions and still-high inflation, a robust recovery remains elusive,” Kristalina Georgieva, managing director of the International Monetary Fund, said in a recent speech in Washington. That’s on top of the recent pressures in the banking sector that have made the global inflation fight that much more complex, she added. Ahead of the IMF’s World Economic Outlook release this week, Georgieva called for global growth to remain around 3% over the next five years, marking the weakest medium-term growth projection since 1990 and well below the 3.8% average from the past two decades. The…

US Dollar Weakness to Make Headway as Fed Abandons Hawkish PledgeAfter a steep sell-off late last year and early 2023, the U.S. dollar, as measured by the DXY index, staged a strong recovery in February, bolstered by hotter-than-expected U.S. economic reports, including labor market and CPI data.Strong business hiring, coupled with elevated inflationary pressures, led traders to assume that the Fed would need to raise borrowing costs more aggressively to return inflation to the 2.0% long-term target over the forecast horizon, a view that was later reinforced by hawkish central bank commentary.In this context, expectations for the FOMC’s terminal rate…

Mike Coppola Sen. Elizabeth Warren (D-MA) and three Democrat lawmakers request that the U.S. Dept. of Justice investigate Warner Bros. Discovery (NASDAQ:WBD) deal over alleged anticompetitive behavior a year after it was completed. “The antitrust laws seek to promote consumer choice, product variety, and industry innovation,” Warren along Joaquin Castro (D-TX), David Cicilline (D-RI) and Pramila Jayapal (D-WA) wrote in a letter to the DOJ on Friday. “Accordingly, if a consummated merger results in dramatically less available content and discourages innovation, the merger should be reassessed.” Warren and the three representatives claim that the Warner Bros. Discovery (WBD) deal has…

Private Keys Of Staked ETH Addresses At Risk: Warns Cobo Founder The upcoming Shanghai Upgrade for generates interest, but scrutiny may harm ETH’s future.The founder of Cobo warns private keys of staked ETH addresses may be vulnerable.Validators still support the upgrade, and traders show positive sentiments toward ETH. The upcoming Shanghai Upgrade for Ethereum is generating interest in the crypto community, but increased scrutiny may harm the future of ETH. The founder of Cobo has warned that private keys of staked ETH addresses may be vulnerable to exposure. 对于机构，尤其是提供中心化staking的机构，需要reviewer下私钥保管方式及相关有权限的人员状态，检查下服务器日志，监控后续提现状态，制定紧急事件预案。希望大家一切安好，HK见。— DiscusFish (@bitfish1) April 9, 2023According to Shenyu, the founder of Cobo,…

EURUSD, H4 EURUSD,H4 Last week’s non-farm payrolls data showed that the US labor market remains resilient, but also confirmed a continued slowdown in job growth, while also revealing job losses in several sectors of the economy. The USD was widely but briefly bought, after the Bureau of Labor Statistics said non-farm payrolls rose 236k in March, down from an upwardly revised 326k in February but higher than consensus. Federal Funds rate futures showed lending rates increased somewhat on Friday, but the March payrolls report and other recent statistics have some analysts expressing concern that non-farm payroll growth may only reach…

© Reuters. Fishermen unload shrimp which they caught in the Taiwan Strait as their ship discharges its catch at a harbour on Pingtan Island, Fujian province, China, April 7, 2023. REUTERS/Thomas Peter By Josh Arslan and Thomas Peter PINGTAN, China (Reuters) – As China sends warships and fighter jets to the Taiwan Strait after a U.S. visit by Taiwan President Tsai Ing-wen, deemed a separatist by Beijing, fishing crews plying the narrow waterway say they fret more about their livelihood than politics. For years, Chinese fishermen trawling for fish, shrimp and crab have played cat and mouse with Taiwanese authorities…

OPEC Anticipates Lower (QoQ) Global Oil Demand in Q2According to revised forecasts in OPEC’s monthly report for March, Q2 remains likely to see a drop in global oil demand compared to Q1, although the group now sees a slight improvement of an additional 70,000 barrels per day (bpd) compared to last month’s figures. In Q2, OPEC anticipates global oil demand of 100.77 million barrels per day (mbpd), down from the Q1 figure of 101.28 mbpd.This article delves into the fundamental factors surrounding oil. For a full technical forecast, see our guide below Recommended by Richard Snow Find out what key…

straga/iStock via Getty Images Europe has failed to secure enough long-term contracts for liquefied natural gas to offset cut-off Russian gas imports, which may prove costly next winter as a rebound in Chinese demand could sharply tighten the market, according to a new analysis this week from Reuters. Europe imported 121M metric tons of LNG last year ahead of the 2022-23 winter season to replace Russian gas – 60% more than the previous year – to help the continent to get through winter with higher than expected gas storage levels. But Europe bought much of its LNG last year on…