Author: FX
Recommended by IG Traits of Successful Traders With the conclusion of the recent Federal Open Market Committee (FOMC) meeting, a series of hawkish Fedspeak is lined up on the horizon. We have a glimpse from Fed Governor Christopher Waller and Richmond Fed President Thomas Barkin last Friday, with persistent core inflation still at the top of their minds and that more tightening may need to be done.Nevertheless, market participants continue to have their doubts, with interest rate futures firmly in the camp that the Fed will head towards its final phase of tightening with one last 25 basis-point (bp) move…
While the Arbitrum governance token ARB has been in a consistent downturn since the airdrop in late March, its ecosystem shows healthy growth. A recent Nansen report shows that Arbitrum’s activity improved after the airdrop, stabilizing “at a level higher” than before the airdrop. The daily active users, gas fees and transaction count have maintained consistently higher levels since April 2023. Daily active users of Arbitrum, and Optimism (past 6 months). Source: NansenThe trading volume of DEXs on Arbitrum. Source: DefiLlamaFunds (purple) and smart wallets (green) are still holding ARB. Source: NansenFunding rate across the perpetual swap markets. Source: CoinGlassARB/USDT…
China’s State Council met on Friday. Premier Li Qiang chaired the meeting. In a statement after, said:the Council considered a batch of macroeconomic policies designed to expand “effective demand”, strengthen the real economy and defuse risks in key areas:”it is imperative to introduce policies that are more powerful”“Policies that meet the necessary conditions should be promptly unveiled and implemented without delay,”The statement was light on details though – there were none. Info via China media outlets. Source link
SPDR S&P MIDCAP 400 ETF Trust declares quarterly distribution of $1.5133 Source link
5/5 © Reuters. FILE PHOTO: Prospective students tour the University of California, Berkeley campus before beginning of the new semester, in Berkeley, California, U.S., June 8, 2023. REUTERS/Carlos Barria/File Photo 2/5 By Sharon Bernstein BERKELEY, California (Reuters) – In the 25 years since California voters banned all consideration of race in college admissions, the state has spent more than $500 million to help create diverse student bodies across the University of California system – with some success. Yet in classes at the University of California at Berkeley, philosophy major James Bennett, who is Black and Filipino, sees almost no one…
Recommended by Manish Jaradi The Fundamentals of Trend Trading Global equity markets rose to a 14-month high while the US dollar fell to a one-month low on hopes that US interest rates are peaking and expectations of more stimulus from China.The MSCI All Country World index rose 0.6%, the S&P 500 index jumped 2.6%, and the Nasdaq 100 index surged 3.8%. The German DAX 40 advanced 2.5% and the UK FTSE 100 rose 1.0%. In Asia, the Hang Seng index rose 3.3%, while Japan’s Nikkei 225 soared 4.5%. Risk-sensitive currencies, including the Australian dollar and the New Zealand dollar, rose…
© Reuters. FILE PHOTO: A general view of the Nova Kakhovka dam that was breached in Kherson region, Ukraine June 6, 2023 in this screen grab taken from a video obtained by Reuters/via REUTERS /File Photo (Reuters) – The death toll from flooding following the destruction of the Kakhovka dam has risen to 16 in Ukraine, Kyiv officials said, while Russian officials said 29 people have died in territories that Moscow controls. The breaching of the Kakhovka Dam on June 6 unleashed floodwaters across a large swath of land in southern Ukraine and in Russia-occupied parts of Ukraine, destroying farmland…
US Dollar, DXY Index – Outlook:The Fed kept interest rates on hold but projected two additional rate hikes in 2023 and not rate cuts until 2025.However, the market is pricing in one more rate hike this year and rate cuts as soon as next year.What does this mean for the US dollar? Recommended by Manish Jaradi Traits of Successful Traders The US dollar index’s (DXY index) fall below key support suggests the market seems to be at odds with the US Federal Reserve’s hawkish hold.The Fed kept interest rates steady at its meeting in the past week but unexpectedly delivered…
Warning: MIXT is at high risk of cutting its dividend Source link
5/5 © Reuters. A tank truck gets partially submerge in water in Perryton as the town gets struck by a tornado, in Texas, U.S. June 15, 2023, in this screengrab obtained from a social media video. Sabrina Devers via TMX/via REUTERS 2/5 By Brad Brooks LUBBOCK, Texas (Reuters) – The Texas panhandle town of Perryton was struck on Thursday by one or more tornadoes, causing fatalities, the mayor said, as images from the ground showed much of the town left in rubble by the twister as emergency crews searched for survivors. “It’s bad, it’s very bad. It’s non-stop crazy. It…