Oil Resumes Decline, Tech Shares Extend Slump, Greenback Trades Heavier north There have been two key developments this week and they are both evident today. The first is the continued pullback in oil prices. August WTI is off almost 9% this week, after dropping as much last week and 5.25% the week before. It is near $69 compared with slightly below $66 before the war [...]
Dollar Consolidates, Oil Slips Lower, Equities Helped by Micron Earnings north The strong dollar advance seen in recent days is consolidating today. The G10 currencies are trading in narrow ranges. Most of them are +/- 0.1%. The New Zealand dollar and Norwegian krone are off a little more. The Canadian dollar is threatening to extend its losing streak for the 11th [...]
Binance withdraws Greece-filed MiCA application north Binance said it plans to seek authorization in another EU jurisdiction just days ahead of the July 1 MiCA deadline, as unlicensed crypto firms are expected to wind down activities in the bloc.
Dollar Extends Gains Without Support of Higher Rates north The US dollar’s rally is extending today, but the market remains cautious about intervention by Japanese officials. The Dollar Index has not fallen since last Tuesday. It has risen by a little more than 2% since the Fed delivered its hawkish hold last week. Yet, for the second consecutive [...]
Gnosis Pay Now Supports Celo, Bringing Global Card Infrastructure to the Leading Stablecoin… north Gnosis Pay Now Supports Celo, Bringing Global Card Infrastructure to the Leading Stablecoin Payments NetworkGnosis Pay now supports Celo, bringing institutional-grade card infrastructure to the blockchain where stablecoin payments already happen at global scale. To date, Celo has facilitated [...]
Stocks Slide, Tech Hit, Greenback Trades Higher but Market Turns more Cautious on Yen north The markets have weathered the US tariffs and war in the Middle East. A new disruption has emerged—unwinding tech investment--. The S&P and Nasdaq are poised gap lower and the South Korea’s Kospi dropped 10% today (and is still up nearly 95% for the year). The risk-off has pushed yields lower [...]
The EF’s new structure north Today, the EF is changing shape, concluding a months-long process of reorganization as part of the implementation of the Mandate and the Treasury Management Policy. We come out of this process with the structure, activities, and people necessary for execution on the critical tasks ahead of us, [...]