Author: FX
LAVA Medtech Acquisition Corp (LVAC) Announces Liquidation LAVA Medtech Acquisition Corp. (LVAC) (the “Company”) announced today that the board of directors of the Company (the “Board”) has elected to abandon and not implement the extension that was approved by stockholders on April 25, 2023, because despite significant efforts to identify and complete an initial business combination, the Board does not believe that the Company will be able to complete an initial business combination on favorable terms even with the extension. In making its decision, the Board has carefully considered the costs, benefits, and risks of prolonging the Company’s life, including…
It was a very bullish end to April with Treasuries and Wall Street ending in the green on the month. Better than expected earnings news from most of big tech, and data reflecting a still resilient economy helped propel the major indexes higher. Today, USD to the upside, extending to 101.60. Wall Street is firmer in spite of upcoming Fed hike, while all the attention is on First Republic. The Wall Street Journal reported that: “Federal regulators were poised to seize the First Republic Bank (-43.34% Friday) and sell it to a larger lender. JPMorgan Chase…
This had been in the works already since the weekend as Adam posted here. The completion of the auction/deal would mean First Republic Bank offices will reopen as JP Morgan branches after this. The breakdown shows that First Republic Bank had total deposits of roughly $104 billion and total assets of about $229 billion. Source link
Share: Gold price remains depressed after slipping beneath short-term key support confluence. Sour sentiment, firmer US Dollar weigh on XAU/USD price ahead of Fed, US NFP. Off in Europe, UK and China restrict market moves as crucial week begins. Gold Price (XAU/USD) holds lower grounds within a short-term trading range past $2,000 as holidays in multiple markets restrict the bullion’s moves as the key week begins. Even so, the US Dollar’s recent run-up, backed by upbeat US inflation clues, weighs on the Gold price. On the same line, the First Republic bank woes, hawkish Fed bets and downbeat…
The Reserve Bank of Australia (RBA) will kick off a week of central bank decisions, so you know we’ll be looking at AUD pairs! Are you also seeing a consolidation that might put AUD/CHF in a better position for a short trade? Before you check out the setup, make sure you know all of last week’s major market movers as well as this week’s potential market catalysts! AUD/USD 1-hour Forex Chart by TradingView AUD/CHF making higher lows since last week got me taking a closer look at the pair’s ascending triangle pattern on the 1-hour time frame. A breakout above…
Crude Oil, China PMI, Japanese Yen, BoJ, USD/JPY, FDIC, Gold – Talking PointsCrude support wilted somewhat after questioning of China’s growth prospectsThe Japanese Yen remains under pressure after Friday’s BoJ announcementsIt might be a quiet start to a busy week today but market liquidity will keep traders on edge Recommended by Daniel McCarthy How to Trade Oil Crude oil dipped today after Chinese data missed forecasts with the manufacturing PMI coming in at 49.2 for April rather than the estimated 51.4 and 51.9 previously. Non-manufacturing PMI was 56.4 instead of the 57.0 anticipated and 58.2 prior.The nearest WTI futures contract…
The markets are in for a busy week as traders price in not one, not two, but THREE monetary policy decisions. And then there’s the latest reading of Uncle Sam’s labor market at the end of the week, which could spice up volatility for the USD on Friday. Before all that, ICYMI, I’ve written a quick recap of the market themes that pushed currency pairs around last week. Check it! And now for the closely-watched economic indicators on the economic calendar this week: RBA’s monetary policy decision The Reserve Bank of Australia (RBA)’s last meeting minutes showed that members considered…
© Reuters (BTC) Ordinals — also known by some as Bitcoin NFTs — could renew developer enthusiasm for Bitcoin and boost mining fees, according to cryptocurrency investment firm Grayscale. In an April 27 “Market Byte” blog post, the firm suggested that Ordinals provide two key benefits to the growth and development of the Bitcoin ecosystem. Fees spent on inscribing Ordinal NFTs on the Bitcoin blockchain. Source: Dune AnalyticsContinue Reading on Coin Telegraph Source link
Gold, XAU/USD, US Dollar, FOMC, Fed, Treasury Yields, GVZ Index – Talking PointsThe gold price appears poised for action this week after a stint of range tradingTreasury and real yields are tinkering at the edges for direction ahead of FOMCIf the Fed surprises markets, will real yields and USD break out to drive gold’s direction? Recommended by Daniel McCarthy Get Your Free Gold Forecast Gold continues to tread water ahead of a crucial week of US data points and a Federal Open Market Committee (FOMC) meeting.While ISM and non-farm payrolls data will be closely watched, the FOMC gathering will be…
China’s State Council published a new plan to promote employment.Will expand recruitment at government businesses, State-owned Enterprises (SOEs)The aim is for aims for over a million new internshipsgovernment subsidies will be provided to employersBloomberg had the info over the weekend. China’s Premier Li Qiang Source link