Author: FX
China’s securities regulator has informally told some domestic brokerages to pause real-world asset (RWA) tokenisation businesses in Hong Kong, sources told Reuters. The move highlights Beijing’s caution over a rush into digital asset markets offshore, even as Hong Kong promotes itself as a hub for tokenised products, stablecoins, and virtual asset trading.RWA tokenisation converts traditional assets such as stocks, bonds, funds, and property into blockchain-based tokens. Several Chinese firms have recently launched such products in Hong Kong, including GF Securities and CMBI, while developers like Seazen Group have also entered the space.The China Securities Regulatory Commission (CSRC) reportedly wants firms…
Will Global PMIs signal deterioration or improvement ahead? Let’s take a quick look at these top tier reports and potential effects on gold, S&P 500 and US Dollar Index! Source link
Explainer-What is antifa and why is Trump targeting it? Source link
Since gold broke out of its recent range, I’ve been highlighting the reasons why it could go higher. It’s done just and at a neck-breaking pace. It’s up $420/oz in four weeks to $3747, including a $63 gain today.If you’re a gold bull (and I certainly am) this is good news but if you take a step back and look at the real world, this is a five-alarm fire. Gold is signalling many things about the real economy/world and none of them are good.You can take your pick as a series of long and short-term factors collide:1) The rally first…
JHVEPhoto Omnicare, a unit of CVS Health (NYSE:CVS) that acts as a pharmacy for long-term care and post-acute facilities, as well as assisted living communities, has voluntarily filed for Chapter 11 bankruptcy protection. The company noted the filing is the result Source link
Largest US rail union endorses Union Pacific, Norfolk Southern merger after job deal Source link
St. Louis Fed President Alberto Musalem explained on Monday that he backed last week’s rate cut, describing it as a precaution to safeguard the job market. At the same time, he cautioned that with inflation still running above the Fed’s 2% goal, there might not be much room left for further cuts.Key QuotesHe supported a quarter-point cut as a precautionary move to help the labour market but sees limited room for further easing.Monetary policy must continue to lean against inflation that remains above target.Overemphasis on the labour market could lead to policy that is too loose and does more harm…
Gold hits a fresh all-time high above $3,730 on Monday, extending gains for a sixth straight week.US Dollar and Treasury yields ease at the start of the week, adding fresh support to bullion.Fed Chair Jerome Powell speaks on Tuesday, alongside several other Fed officials throughout the week.Gold (XAU/USD) continues its record-breaking rally on Monday, extending gains for the sixth straight week as dovish Federal Reserve (Fed) expectations and robust safe-haven flows keep demand elevated. At the time of writing, XAU/USD is trading at a fresh all-time high of $3,731, pushing deeper into uncharted territory.The latest leg higher is underpinned by…
USD/CAD steadies above 1.3800 as the Canadian Dollar underperforms despite a weaker Greenback.The BoC cut rates to 2.50% last week, its eighth reduction since September 2023, and signaled readiness to ease further if risks rise.Fed’s Bostic said on Monday he sees little reason to cut further for now, penciling in only one reduction in 2025.The Canadian Dollar (CAD) trades on the back foot against the US Dollar (USD) on Monday, with USD/CAD hovering around 1.3808 at the time of writing. The advance comes even as the Greenback trades lower against most of its major peers, as traders continue to assess…
The Global X Silver Miners ETF (SIL), launched in April 2010, tracks the Solactive Global Silver Miners Total Return Index, offering exposure to silver mining companies like Wheaton Precious Metals and Pan American Silver. With over $1 billion in assets, SIL provides a volatile yet targeted investment option for those seeking to capitalize on silver price movements through mining equities. Below we will look at the Elliott Wave path of the instrument. SIL (Silver Miners ETF) monthly Elliott Wave chart The monthly Elliott Wave chart indicates that the Silver Miners Junior ETF (SIL) formed a Grand Super Cycle wave ((II))…