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Federal Reserve (Fed) Chair Powell didn’t say anything we didn’t know, or we wouldn’t expect in the first day of his semiannual testimony before the American lawmakers yesterday. He said that the Fed will continue hiking rates, but because they are getting closer to the destination, it’s normal to slow down the pace. He repeated that two more hikes are a good guess, and that the economy will suffer a period of tight credit conditions, below-average growth, and higher unemployment to return to lower inflation.
The US 2-year yield pushed higher. The 10-year yield was flat given that higher short...

Is the Bitcoin ETF finally coming or is it just a false alarm? And what are the ETH devs discussing these days?

00:00 Intro
00:21 Preview
00:31 Bitcoin
03:52 Ethereum
06:00 Ripple
09:19 Subscribe & Good bye

#crypto #cryptonews #cryptotrading #swissquote

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Risk takers are not out dancing on the Wall Street this week before the Federal Reserve (Fed) President Powell’s semiannual congressional testimony scheduled for today and tomorrow. Equities are down, oil is down, sovereign bonds are up.
A strong housing market and tight jobs market will encourage Fed to hike more, and encourage other central banks to do more, as well. But not everyone is as lucky as Powell, because in Britain, the skyrocketing mortgage rates are turning into a serious headache that no one can solve for now. The 2-year gilt yield slid below 5% yesterday, as a result...

Asian stocks were moody, European indices traded lower, and US futures were under pressure on Monday. The rest of the week will likely prove to be challenging both in the US and elsewhere, as central bankers continue pressing economies like lemons, while signs of pain are just before their eyes, as average mortgage rates in the US are at the highest levels since the subprime crisis whereas mortgage rates in the UK are again above 6%. The last time we saw these levels was back during Liz Truss mini-budget crisis.
The UK 2-year yield spiked above 5% and has more...

The week kicks off on positive geopolitical vibes as the weekend talks between the US and China went well, and more senior level talks, including Xi Jinping are expected in the next few hours.
The S&P500 and Nasdaq both fell on Friday, but the S&P500 ended last week having gained 2.6%. It was the 5th straight week of gains for the S&P500, while Nasdaq closed the week 3.3% higher than where it had started. Both indices are now at the highest levels since last spring, and both are in overbought territory. Volatility continues fading, while any investors questions whether this...

It was mostly a good day for the global markets, except for Europe, which saw the European Central Bank (ECB) expectedly raise interest rates by 25bp, but unexpectedly raised inflation forecast, as well.
At the wake of the ECB meeting, the implied probability of a July hike jumped from 50% to 80%, sending the EURUSD rallying.
The US dollar sank below its 50-DMA, impacted by softening retail sales, rising jobless claims, slowing industrial production and perhaps by a broadly stronger euro following the ECB’s higher inflation forecasts, as well.
Elsewhere, rally in EURJPY gained momentum above the 150 mark, as...

The Federal Reserve (Fed) refrained from raising interest rates at this week’s monetary policy meeting.
Yet the median forecast on the Fed’s dot plot suggested that there could be two more rate hikes before the end of this year.
The US 2-year yield continues pushing higher, while enthusiasm at the long end of the yield curve is lesser, as higher rates increase recession odds. The S&P500 hit a fresh high since last year but closed almost flat. The US dollar rebounded off its 100-DMA, and the EURUSD rallied above its own 100-DMA and holds ground above the 1.08 mark this...

While the SEC case against crypto in the US continues on, we are discussing why Bitcoin and Ethereum might be safe and what Polygon is planning for the next step in terms of protocol

00:00 Intro
00:24 Preview
00:36 Crypto-News
03:02 Bitcoin
04:55 Ethereum
08:15 Polygon
10:13 Subscribe & Good bye

#crypto #cryptonews #cryptotrading #swissquote

_____
Learn the fundamentals of trading at your own pace with Swissquote's Education Center. Discover our online courses, webinars and eBooks: https://swq.ch/wr
_____
Discover our brand and philosophy: https://swq.ch/wq
Learn more about our employees: https://swq.ch/d5
_____
Let's stay connected:
LinkedIn: https://swq.ch/cH

US inflation data gave investors a good reason to cheer up yesterday. The headline number fell more than expected to 4%, and core inflation met analysts’ expectations at 5.3%.
The expectation of a no rate hike at today’s decision jumped past 90%, while the expectation of a no rate hike in July meeting rose from below 30% to above 35%. The S&P500 extended its advance to 4375, while Nasdaq 100 rallied past the 14900 level. Small companies followed suit, with Russell 2000 jumping to the highest levels since the mini banking crisis.
The Fed’s decision for today is considered as...