War in Middle East Sends Oil Prices and Yields Higher, Underpins the Dollar north The US has rejected Iran’s latest offer and appears to be moving more force into the region. Oil prices have jumped, which is also serving to push up yields. The dollar is firmer against most of the G10 currencies. New verbal intervention by Japanese officials, clinging on to the cooperation [...]
Glamsterdam Testnet Announcement north Glamsterdam follows the Fusaka upgrade, advancing Ethereum's L1 scaling roadmap with enshrined proposer-builder separation, block-level access lists, and changes to gas pricing that better reflect the cost of execution and state growth. The Glamsterdam network upgrade is scheduled to activate [...]
Week Ahead: Dollar Bulls may be Challenged north Our assessment of the dollar's technical condition and the upcoming economic data appear to be aligning in a way that warns of the downside risks. The greenback has climbed on the sharp rise in interest rates. With the market discounting nearly 100 bp of tightening over the next 12 months, [...]
No Kings but King Dollar north The surge in US rates continues to underpin the greenback. The market anticipates a more aggressive tightening cycle than the Federal Reserve’s recent Summary of Economic Projections suggested. The Atlanta Fed’s GDP tracker points to 5.1% growth this quarter, which would surely surpass [...]