The Impact of the UK CPI Report on Monetary Policy Decision Introduction And this is one of, if not arguably the key report in settling that debate. Because the next UK CPI report for May will only come a day before the June monetary policy decision. So, what is the backdrop like as we head…
Federal Reserve Bank of Chicago President Goolsbee speaking Wednesday – FOMC minutes later Wow, another day in the world of finance and central banking! It seems like there is always something happening in the financial world, whether it be a speech from a central bank president or the release of meeting minutes. Today, we have…
The Future of Bitcoin: Will It Reach a New All-Time High? What Happened: Geoff Kendrick, the Head of FX Research and Digital Assets Research at Standard Chartered Bank, has made a bold prediction regarding Bitcoin. According to Kendrick, Bitcoin (CRYPTO: BTC) is expected to reach a new all-time high by the weekend, surpassing the $73,798…
Meta, Coinbase, and Others Join Forces to Fight Online Scams A New Initiative to Combat Fraud Recently, a coalition of tech giants including Meta, Coinbase, Match Group, Kraken, Ripple, and Gemini has come together to form “Tech Against Scams.” This initiative aims to tackle online fraud, particularly in areas such as romance scams, cryptocurrency scams,…
The US and the International Criminal Court: A Clash of Power Should the US Sanction ICC Officials? Recently, a top foreign policy adviser to Donald Trump suggested that the US should impose sanctions on International Criminal Court officials who seek an arrest warrant for Israeli Prime Minister Benjamin Netanyahu. This proposal has sparked a debate…
The People’s Bank of China Sets Yuan Reference Rate Understanding the USD/CNY and USD/CNH Exchange Rates The People’s Bank of China (PBOC) recently set the onshore yuan (CNY) reference rate for the trading session ahead. The USD/CNY is the onshore yuan, which is permitted to trade within a range of plus or minus 2% from…
The Recent Market Recovery and the Future of Altcoins Understanding the Recent Shift in the Crypto Industry The crypto industry has seen a positive shift with the recent market recovery. After a Q1 full of bullish sentiment, Q2 saw many sectors of the crypto space brewing a pessimistic feeling toward altcoins. Experts and market watchers…
Japan Trade Data and Machinery Orders Update Overview In recent news, Japan’s trade data for April has shown an increase in both exports and imports, with imports seeing a particularly notable rise. April exports were up by 8.3% year-on-year, slightly below expectations of 11.1%, while imports grew by 8.3%, surpassing the expected 9.0% increase. Additionally,…
