Author: FX
The nonprofit Human Rights Foundation (HRF) has launched a central bank digital currency (CBDC) tracker, the organization announced at the same Oslo Freedom Forum event it hosts. The online tracker has published educational materials and a tip line. It is expected to become fully functional by year-end. The tracker came out of an eight-month fellowship at the HRF that was announced in January. The fellowship was awarded to Cato Institute policy analyst Nick Anthony, researcher Janine Romer and podcaster Matthew Mezinskis. The Cato Institute is an ardent opponent of CBDCs. Continue Reading on Coin Telegraph Source link
The International Energy Agency issued its monthly report on Wednesday. IEA executive director Fatih Birol comments in the report said he expects oil demand will “slow almost to a halt” in the years ahead, citing the pivot away from fossil fuels accelerating. “The shift to a clean energy economy is picking up pace, with a peak in global oil demand in sight before the end of this decade as electric vehicles, energy efficiency and other technologies advance”I wonder if his view is just following the oil price lower? Where were such comments when it was surging? Source link
Share: Natural Gas rises as analysts fear supply shortages and hotter weather over the summer. US Dollar reverses after June FOMC meeting despite Fed not hiking, as Fed officials signal more hikes may be on the horizon. The technical picture is still long-term bearish, although price action throughout most of 2023 has been broadly sideways. Natural Gas price is trading almost 1% higher on Wednesday as traders fret about possible supply constraints pushing prices up over the summer. Forecasts of hotter weather and supply outages at key fields in Norway – despite robust storage figures – are having the effect…
On Friday, it’ll be the Bank of Japan’s turn to announce their monetary policy decision. Will they shift their tone this time? And if so, how can this affect JPY pairs? Here are the important points you need to know if you’re planning on trading the news: Event in Focus: Bank of Japan (BOJ) Monetary Policy Statement When Will it Be Released: June 16, Friday: tentatively 3:00 am GMT BOJ Governor Kazuo Ueda will hold a press conference after the announcement. Use our Forex Market Hours tool to convert GMT to your local time zone. Expectations: BOJ to keep policy rate…
FOMC DECISION KEY POINTS:The Fed holds its benchmark rate unchanged at 5.00%-5.25% at the end of its June meeting, in line with expectationsPolicymakers signal a higher peak rate than envisioned in March, meaning the hiking cycle is not over despite today’s pauseGold prices erase session gains after the FOMC announcement crosses the wires Recommended by Diego Colman Get Your Free Gold Forecast Most Read: Japanese Yen Still Battered by BOJ’s Policy Outlier StatusThe Federal Reserve today concluded one of its most closely watched and highly anticipated policy meetings, opting to leave its benchmark interest rate unchanged at its current range…
imagedepotpro U.S. stocks on Wednesday traded near the flatline, as investors refrained from big moves ahead of the Federal Reserve’s monetary policy decision in the afternoon. Market participants received further economic data that showed a cooling in producer inflation. Treasury yields slid after the figures and amid expectations for a pause in rate hikes. Ahead of the Fed’s announcement at 1400 ET, the tech-heavy Nasdaq Composite (COMP.IND) had added 0.14% to 13,592.47 points, while the benchmark S&P 500 (SP500) had risen 0.13% to 4,374.62 points. The Dow (DJI) was under pressure, falling 0.45% to 34,058.88 points. The blue-chip index was…
© Reuters. FILE PHOTO: U.S. Secretary of State Antony Blinken attends a joint press conference with Saudi Foreign Minister Faisal Bin Farhan, at the Intercontinental Hotel in Riyadh, Saudi Arabia, June 8, 2023. REUTERS/Ahmed Yosri/Pool/File Photo By Humeyra Pamuk, David Brunnstrom and Simon Lewis WASHINGTON (Reuters) -The United States on Wednesday played down expectations of any breakthrough from the first trip by a U.S. Secretary of State to China in five years, after a tense call with China’s foreign minister ahead Antony Blinken’s visit to Beijing next week. Chinese foreign minister Qin Gang urged the United States to stop meddling…
The NZDUSD has the biggest change of the major currency pairs with a gain of nearly 1%. That move took the price above its 50% midpoint of the move down from the May high at 0.61838, and also above a swing area between 0.6202 and 0.62059. Close support will now be at the 0.6200 level. Stay above that level and a run toward the 100-day moving average at 0.62235 would be expected. The price has not traded above its 100-day moving average since May 23. Key level.Break back below the 0.6200 level with momentum and a retest of the 50%…
Share: EUR/USD has jumped strongly to near 1.0820 as US PPI has softened significantly inspired by lower gasoline prices. US monthly headline PPI has registered deflation while core PPI has maintained its pace at 0.2%. The ECB is expected to raise interest rates by 25bps to 4% in order to sharpen its quantitative tools in the battle above 6% inflation. The EUR/USD pair has accelerated dramatically to near 1.0820 after the United States Producer Price Index (PPI) data shows wider-than-expectations deflation. Monthly core PPI contracted by 0.3% in May while the street was anticipating a 0.1% contraction. Investors should…
Investors will hear from central banks on both sides of USD/JPY this weekThe Bank of Japan looks set to stick with its ultra-loose policy settingsIf so the Yen will continue to lose out to better yielders Recommended by David Cottle Learn how to prep ahead of major news like FOMC this week The Japanese Yen rose a little against the United States Dollar on Wednesday. However the broader prognosis for USD/JPY remains unremittingly bullish in a week sure to highlight the monetary policy disparities so much in the greenback’s favor.Both the US Federal Reserve and the Bank of Japan will…