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Japanese Chief Cabinet Secretary Minoru Kihara: I hope the Bank of Japan will work closely with the government to formulate appropriate monetary policies to achieve the 2% inflation target in a stable and sustainable manner, and that inflation should not be driven by cost-push factors but by wage growth.On March 19th, the Reserve Bank of Australia (RBA) warned on Thursday that the Middle East conflict could trigger a severe international shock, but that Australian banks are well-positioned to support the economy should a significant downturn occur. In its semi-annual Financial Stability Review, the RBA listed a range of global vulnerabilities, including a potential collapse in financial markets, cyberattacks, and the spread of unconventional policies. This implies that the risk of a significant adverse shock to the domestic economy has increased in recent weeks. The RBA stated, "The Middle East conflict could trigger a larger shock, thereby disrupting the global economy, particularly given the continued supply disruptions in oil and other commodity markets… Given the significant increase in leverage and concentration in key global asset markets in recent years under low-risk premiums, this increases the likelihood of disorderly asset repricing in the event of further adverse developments." The RBA also stated that investments related to artificial intelligence could face a significant sell-off risk if productivity fails to improve as expected.On March 19, the Russian Ministry of Defense reported that on March 18, Russian forces conducted strikes in 145 regions against targets serving Ukrainian energy and transportation infrastructure, as well as temporary deployments of Ukrainian troops and foreign mercenaries, shooting down three precision-guided bombs and 316 drones. Additionally, Russian forces seized control of a settlement in the Donetsk region. On the same day, the General Staff of the Ukrainian Armed Forces reported that Ukrainian forces were thwarting Russian attempts to advance deeper into Ukraine, inflicting significant personnel and equipment losses in multiple locations. The Ukrainian Air Force, missile units, and artillery attacked three Russian personnel assembly areas and three drone control points, shooting down over 1,100 Russian drones.March 19th, Futures News: Positive news in the oil market boosted bullish sentiment in the fuel oil market. Some downstream users moderately replenished their inventories at lower prices, while refineries were reluctant to sell at low prices, significantly pushing up the negotiation point. With major refineries in northern China about to shut down, the tightening supply of low-sulfur residue oil/asphalt is expected to further support the market. Fuel oil negotiations are expected to maintain a slight upward trend today.A chart summarizing the overnight price movements of international spot platinum and palladium.

Powell failed to frighten Crypto

Alina Haynes

Nov 03, 2022 19:35

 截屏2022-11-03 下午7.32.53.png

 

Bitcoin is currently trading near $20,3K, which is only 0.5% below yesterday's levels, despite the fact that the range of changes over this period has been quite large. The initial reaction to the Fed's official announcement caused BTC to rise to $20,800, but the subsequent press conference doubled the pressure on the exchange rate, causing it to fall below $20,000.

 

The crypto market's value increased by 0.13 percent overnight, to $1.01 trillion, demonstrating significantly greater resistance to stock market volatility. The pressure on Bitcoin and Ether, which is strongly related to institutional sentiment, is counterbalanced by the ascent of altcoins one by one.

 

You should only trade with capital that you can afford to lose while trading derivatives. The trading of derivatives may not be suitable for all investors; thus, you should ensure that you fully comprehend the risks involved and, if necessary, seek independent counsel. Before entering into a transaction with us, a Product Disclosure Statement (PDS) can be received through this website or upon request from our offices and should be reviewed. Raw Spread accounts offer spreads beginning at 0 pips and commissions of $3.50 every 100k traded. Spreads on standard accounts begin at 1 pip with no additional commission fees. CFD index spreads begin at 0.4 points. This information is not intended for inhabitants of any country or jurisdiction where distribution or use would violate local law or regulation.

 

In addition to Dogecoin's price doubling in just over a week, Litecoin (+13%) and Polygon (+15%) were among the surging currencies. The year-long bear market has worn down crypto investors, who now appear receptive to new pump ideas. This may indicate that the market is sufficiently inexpensive and stable.

 

Charles Edwards, founder of Capriola Investments, hypothesized that the entry of major energy companies into the business explains Bitcoin's new hash rate high. According to him, the rise in hash rate notwithstanding BTC's stagnation does not indicate that miners are giving up. According to Glassnode, the network processing capacity of the first cryptocurrency on November 1 was 272,4 EH/s (smoothed by the 7-day moving average).

 

DeFi providers are increasingly using stablecoins as collateral. According to a research by CoinMarketCap and TokenInsight, this is the case. Ethereum continues to dominate DeFi-ecosystems by a significant margin.

 

Money transfer company MoneyGram has teamed with the cryptocurrency exchange Coinme to add trading and storage options for Bitcoin, Ethereum, and Litecoin to its mobile app for US customers.

 

UnionBank, the largest bank in the Philippines, has announced the pilot launch of trading and storage services for Bitcoin and Ethereum. The program is being out in collaboration with the Swiss custodian Metaco.