EUR/USD 1.17586
0.271%
Gold 4741.38
-0.382%
Oil 92.770
2.324%
USD/JPY 159.339
0.026%
GBP/USD 1.35035
0.266%
GBP/JPY 215.167
0.291%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
April 14th - According to a CNN report on Monday, a source familiar with the negotiations revealed that the Trump administration is discussing the specific details of arranging a second round of face-to-face talks with Iranian officials before the US-Iran ceasefire expires next week, depending on the situation. However, whether such a meeting will actually take place remains uncertain. If negotiations with Iran and regional mediators progress in the coming days, officials are studying potential dates and locations for the talks, describing these discussions as an initial phase. "If the situation develops in that direction, we need to be prepared to quickly initiate the relevant arrangements," the source said. A regional source indicated that a new round of negotiations is possible, with Turkey working to bridge the differences between the two sides. Sources familiar with the matter revealed that Geneva and Islamabad have again been listed as potential locations for the next round of negotiations. Sources said that government officials remain hopeful of resolving the issue through diplomatic means. Depending on the pace of progress in negotiations in the coming days, the US and Iran may also extend the ceasefire to buy more time.Hang Seng Index futures closed up 1.01% at 15,924 points in overnight trading, a premium of 263 points.SanDisk (SNDK.O) shares rose more than 10%, bringing its total market capitalization close to $140 billion.On April 14th, Bank of England Governor Andrew Bailey warned on Monday that private credit funds are facing a higher risk from a one-off shock that could shake confidence across the industry. In his capacity as Chairman of the Financial Stability Board (FSB), Bailey wrote to finance ministers outlining how the Middle East conflict could, for the first time, test the $1.8 trillion global private credit market, as some highly leveraged borrowers face pressure. Bailey wrote, “The lack of transparency in these markets presents a higher risk, and even if the specific cause of the problem is limited to individual borrowers, it could trigger a broader loss of confidence.” He added that the FSB will “continue to monitor and conduct further work in the coming months.” The FSB is currently preparing a detailed report on private credit vulnerabilities, aiming to uncover hidden corners of the market that policymakers have been concerned about for years, an area that has expanded rapidly in a relatively lax regulatory environment.According to Futures News on April 14, as of the close of trading at 2:30 PM, the main Shanghai Gold futures contract fell by 0.48%, the main Shanghai Silver futures contract fell by 0.19%, and the main SC crude oil futures contract rose by 0.65%.

Investors May Turn From Crypto on Fed Interest Hike Hopes

Cory Russell

Apr 20, 2022 09:51


微信截图_20220420093954.png


  • This year, the Fed may raise its rate objective to as high as 3.5 percent.

  • According to economists, being overly proactive might lead to a lengthier slump.

  • This month, crypto markets have lost more than 12% of their value.


Cryptocurrencies may have an issue with interest rates; as soon as they start to rise, trade volumes drop and markets plummet.


As the Federal Reserve of the United States increases interest rates, as it did last month, investors may be drawn to riskier assets. The Federal Reserve hiked interest rates from 0.25 percent to 0.5 percent in March, which is still a small increase but the first in almost three years.


President of the Federal Reserve Bank, James Bullard, has said that the central bank must work quickly in order to attain a rate of roughly 3.5 percent this year. According to April 18 estimates, this may be accomplished with successive half-point increments and even 75-point rises. At the Fed's meeting in early May, Fed Chair Jerome Powell stated a 50-basis-point hike may be considered.

Defending Against Inflation

Central banks throughout the globe are stepping up their anti-inflation efforts, but many are expecting a lengthy and drawn-out war. Inflation in the United States is at a four-decade high of 8.5 percent, driving investors into safe-haven commodities like gold and Bitcoin (BTC).


Investor appetite for crypto assets looks to be decreasing as the interest rate recovery continues. Higher borrowing rates may also have an effect on people who are using leverage to invest in bitcoin.


On the other side, economist Mohamed El-Erian told CNBC on Monday that if the Fed raises its interest rate objective, gold and Bitcoin prices would rise.


He went on to say that the Fed may be afraid that failing to meet its objective "may force this economy into a longer-term recession, not just a short-term recession."


When fiat currencies are weak, bitcoin and crypto assets are in high demand; however, this has not been the case lately.

Cryptocurrency Markets Are In Decline

Since the beginning of the month, the market capitalization of cryptocurrencies has dropped 12.3 percent. As a consequence, the space industry has lost roughly $300 billion.


The overall market capitalization is now just under $2 trillion, down 34% from its all-time high of just over $3 trillion in November.


Markets have gained a tiny 2% in the last 24 hours, but the overall trend in digital assets remains gloomy, and this trend might continue for the remainder of the year.

Suggestion