The Federal Reserve Bank of Dallas has produced the first central-bank estimate of what the tokenised deposit build-out costs the banks funding it, and the headline figure is being read backwards. The $700 billion in…
Pound targets 1.33 on Brexit Optimism
Asian stocks markets finished slightly higher after the testimony from Federal Reserve Chairman Jerome Powell during the US trading session. In Hong Kong the Hang Seng ended flat at 28,759 while the Shanghai Composite index…
Market Entered Corrective Rally Ahead of Powell’s Speech
Major markets saw corrective price action on profit booking post yesterday’s price rally inspired by Sino-U.S. trade optimism and investors now await Powell’s speech for short term directional cues while awaiting headlines on UK parliament…
Busy Week for Committee Hearings
The proverbial ideological battle lines were drawn in the new Congress as the hearing season was in full swing this week. The US Senate Banking Committee is the most relevant committee to traders in the…
Crypto MidWeek Buzz: Bitcoin ownership amassing to ‘whales,’…
Bitcoin’s biggest wallets keep getting bigger. According to a Bitcoin.com report, a hundred of the largest wallets have accumulated thousands coins since the start of 2019. Some of the concentration occurred over the course of…
Dollar, Bond Yields Fall, Sterling Soars on May…
Summary: Finally, things are beginning to move. Yes! The Dollar lost ground against it’s Major Rivals weighed by lower US bond yields. Jerome Powell in his testimony to the US Senate said that the Fed…