The European Union pioneered crypto regulation with its Markets in Crypto Assets Regulation (Mica), but it has fallen behind the US in crypto derivatives, where new products and instruments are winning rapid adoption, according to market participants. The divergence is increasingly shaping where crypto derivatives liquidity forms – and on whose regulatory terms. “What we […]
Gold and Silver came under renewed pressure after the Federal Reserve delivered a more hawkish-than-expected set of projections, prompting investors to quickly price in another rate hike later this year. While the Fed left rates unchanged at 3.50%-3.75%, the updated dot plot showed that policymakers have become increasingly concerned about inflation persistence. The median projection
The Netherlands’ unemployment held steady in May after falling to an 8-month low in April, data from the Central Bureau of Statistics showed on Thursday. The seasonally adjusted ILO jobless rate stood at 3.9 percent in May, the same as in the previous month. In the corresponding month last year, the rate was 3.8 percent.
Bitcoin is trying to repair after its recent sharp pullback, but I am not treating this as a clean bullish reversal yet. The short-term bounce is constructive, especially after the recovery from the $59,100 area, but the key level I cannot ignore is $61,775. If Bitcoin loses that zone, the bullish repair case weakens quickly.
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Equities: The S&P 500 slumped 1.2% to settle at 7,420, while the tech-heavy Nasdaq 100 dropped 1%. The Dow Jones Industrial Average suffered a 507-point drop (1.0%) to finish at 51,498, reversing an intraday gain of 0.5% recorded earlier in the morning session. Small caps shared the pain, with the Russell 2000 closing down 0.7%.
USD/JPY surged to a fresh two-year high after the Federal Reserve delivered a significantly more hawkish message than markets had anticipated, reviving expectations that US interest rates could rise again before year-end. While the Fed left the federal funds rate unchanged at 3.50%-3.75% as widely expected, the updated projections painted a much more inflation-focused picture.
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The jump in September hike probability from 30% to above 50% after the decision reflects the dot plot shift rather than any clarity from Warsh himself, which is precisely the problem for rates markets. Without a framework explaining how the committee reasons about inflation and growth, every data print becomes a binary event and volatility
A price increase on the iPhone, the world’s best-selling consumer electronics device, will draw immediate Washington scrutiny even though memory and storage carry a limited weighting in the CPI basket. Morgan Stanley’s estimate of a 15% price bump across smartphones and PCs this year adds a sticky, goods-driven inflation impulse that complicates the Fed’s already
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Goldman’s base case of Brent at $80 by year-end and $75 in 2027 suggests limited further downside from current levels, with the bank arguing the market has largely priced the recovery already. The asymmetry in the risk scenarios is the key trading signal: $50 of upside in the slow-recovery scenario against only $20 of downside
Iran and the US have signed the MOU text electronically, but Tehran immediately ruled out missile negotiations, nuclear material exports and Hormuz fee waivers, keeping oil risk premium firmly in play. investingLive Exclusive 8m ago Source link
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My expectation is the task forces will begin work ‘in the next couple weeks’ Most or all will conclude by year end The ‘no reason’ comment is hawkish. More: Inflation is primarily determined by monetary policy We have the capability to deliver on 2% and that’s exactly what we’re going to do Can’t provide forward
Following Kevin Warsh’s first monetary policy meeting as Federal Reserve chairman, the central bank on Wednesday announced its widely expected decision to leave interest rates unchanged. The Fed said it decided to maintain the target range for the federal funds rate at 3.50 to 3.75 percent, citing its dual goals of maximum employment and inflation
