This Week’s Financial Markets November 7, 2022 Looking back to last week, we had a busy week on the calendar. Kicking off the Central Banks was the RBA on Tuesday morning who hiked rates for the 7th consecutive meeting, by 25bps, but sparked some speculation that they could in fact end their hiking cycle earlier than expected. However, with the YoY Trimmed [...]
Last week’s mini rally a distant memory as Bitcoin and Ethereum lose ground November 7, 2022 Bitcoin price is down 2.5% from yesterday, trading for $20,773 this morning, but BTC is still holding on to a seven-day 0.7% increase.
Euro on course to stay below US dollar parity for some time, Goldman warns November 6, 2022 The euro is on course to stay below parity with the US dollar for some time if gas prices do not fall markedly, a top Wall Street bank has said. The currency used by the 19 countries that make up the eurozone is set to drop to $0.94, according to Goldman Sachs. The euro last [...]
EU sets eyes on Airbnb in latest data regulation push November 3, 2022 After taking on Big Tech in a swathe of new laws, European regulators are now setting their sights on the short-term home rental industry.
The serious money will be bullish on Fed decision that gave volatility back to crypto markets November 3, 2022 DeVere chief Nigel Green explains why the price of Bitcoin surged and then pulled back following Fed Chair Jerome Powell's latest speech.
Bitcoin clings on to $20k in wake of rate hike announcement November 3, 2022 After almost touching $20,000 yesterday, Bitcoin opened at $20,312 this morning, down by less than a percentage point on the day.
Federal Reserve hikes rates 75bps again and Powell signals higher peak November 2, 2022 The US Federal Reserve today hoisted the world’s most important interest rate 75 basis points for the fourth time in a row and signalled the borrowing cost peak will be higher than previously thought, scrapping any bets on a so-called “Fed pivot”. The Washington headquartered central bank hiked rates to a target range of 3.75-four [...]
Cutting edge tech rarely sits still, so why is ESG slowing things down? November 2, 2022 Dr Chris Kacher turns his attention to energy consumption in world economics and what effect ESG is having on progress.
Looking ahead to the FED this evening November 2, 2022 Wednesday the 2nd of November today and we are a few hours away from the next monetary policy update from the Federal Reserve. Looking ahead to today’s meeting the FED is widely expected to hike their target Fed Funds range by another 75 basis points to bring it to a range of 3.75%-4%. This would [...]
Sideways movement in crypto markets continues as investors sweat over today’s interest rate announcement November 2, 2022 Most cryptocurrencies continue to trade sideways this morning, as Bitcoin remains unchanged around $20,415 and Ethereum at $1,550.