Euro Marked Down, China's GDP Firmer than Expected, AI Equities Stabilize north The US dollar is mixed against the G10 currencies to start the new week. The dollar-bloc and Scandis are firmer, while the euro, Swiss franc, sterling and yen are softer. The euro is weakest after being marked down initially on the social strife in Europe, especially France, the weekend. [...]
Week Ahead: Rates, AI, and Oil north In understanding and anticipating exchange rate movement we often privilege interest rates and the drivers of capital flows instead of trade flows. However, a new player may have entered the game. Or perhaps, more aptly, left the game. The AI meme may have cracked. From 30k feet, the [...]
Glamsterdam Hoodi Testnet Announcement north Following its activation on Sepolia on October 6, the Glamsterdam network upgrade is now scheduled for the Hoodi testnet. Glamsterdam advances Ethereum's L1 scaling roadmap with enshrined proposer-builder separation, block-level access lists, and changes to gas pricing that better reflect the [...]
‘Bunker mode’ won’t protect your crypto, critics say north Even if Justin Drake’s prediction that AI could break cryptography proves correct, critics say “bunker mode” is an impractical suggestion that’s unlikely to protect your crypto.
China's Trade Surplus Swells and the Market Awaits US CPI north (Business travel disrupts the commentary for the next two days, but the weekly will be posted October 17. Thank you for your patience.) Investors are wary of the unwinding one of the most crowded trades, long the AI ecosystem. Despite cracks, the market remains resilient. So far, the rise in [...]