Powell signals Fed will raise rates by half-point in May April 21, 2022 Jerome Powell, chairman of the Federal Reserve Bank, has confirmed his intention to act swiftly to tame soaring inflation.
Industrial giants tumble in London as commodities boom runs out of steam April 21, 2022 Sharp falls among industrial giants led to a mixed day for London’s top indexes today. The capital’s premier FTSE 100 index edged 0.02 per cent lower to 7,627.95 points, while the mid-cap domestically-focused FTSE 250 index, which is more aligned with the health of the UK economy, jumped 0.36 per cent to 21,159.68 points. Growing [...]
Banning proof-of-work is the biggest threat facing Bitcoin April 21, 2022 Dr Chris Kacher suggests the game is rigged, and the world needs to push back against the proof-of-work naysayers.
1 Minute Market Rundown – 20th April 2022 April 20, 2022 Russia – UkraineCrypto ConsolidatesPowell to Speak Later in the Week We highlighted Yen weakness as the current theme and that continues yesterday as the JPY slid to a 2 decade low against the USD trading above 129.00. Overnight and this morning we are seeing the USD pare back its losses – not all too unsurprising [...]
1 Minute Market Rundown – 19th April 2022 April 19, 2022 Russia – UkraineRisk Holds InCrypto ConsolidatesPowell to Speak Later in the Week We spoke last week of the path of least resistance being the USD higher and yields higher and that continues to be the main themes of the markets at the moment. The greenback has made fresh 2 year highs, especially against the low [...]
Heathrow travel chaos eases as Easter is over: BA re-loading bags again after temporary stop April 19, 2022 Chaos at Heathrow seems to be calming as the weekend has passed, with a British Airways spokesperson confirming to City A.M. this morning that the airline is loading all bags on its planes after a temporary stop on Thursday evening. British Airways reportedly stopped loading luggage on numerous European flights as it struggled to cope [...]
Goldman Sachs says odds of a US recession 35 per cent in next two years April 18, 2022 The odds of the US facing an economic recession in the next two years have hit 35 per cent according to top Goldman Sachs analysts.
1 Minute Market Rundown – 14th April 2022 April 14, 2022 Russia – UkraineChina Indicates Looser Monetary PolicyCrypto ConsolidatesECB in Focus We have spoken about the path of least resistance being the USD higher, yields higher and risk lower. Thus naturally it made sense that we saw the total opposite yesterday… We saw, in our minds, a relief rally across the board heading into the ECB [...]
Amazon passes inflation surcharges onto sellers as the ecommerce giant battles rocketing costs April 14, 2022 Amazon is set to introduce a five per cent "fuel and inflation surcharge" as the ecommerce giant grapples with the rocketing costs.
Bitcoin picks up, but volumes remain low April 14, 2022 The price of Bitcoin, the leading cryptocurrency by market cap, is up three per cent over the past 24 hours to around $41,100.