Market Update

After FTX collapsed, Binance’s CEO, Zhao Weibo, found Changpeng Zhao, also known as C.Z., guilty of fraud. Binance is the largest cryptocurrency exchange in the world. In addition to paying $4.3 billion in fines and restitution, Binance will also step down as CEO and pay a $50 million fine. In …

The Federal Open Market Committee members have agreed that monetary policy must remain restrictive until inflation is moving towards the 2% goal, according to minutes from their most recent meeting. The minutes also show that the committee members still worry that inflation could be stubborn or move higher, and that …

The DXY Index rose to 103.65, up by 0.20%. FOMC members considered that the progress on inflation is “limited”. The US yields are still down on the day, limiting the US Dollar’s advance.In Tuesday’s session, the US Dollar Index traded with 0.20% gains around the 103.65 area as investors seemed …

China’s economy is seen as more sustainable because it is deflating its bubbles and raising productivity, while the US is doing the opposite – feeding the Bernanke bubble and hoping for an AI cure for falling productivity. The “twin cancers” plaguing China’s economy are a property bubble plus a shadow …

During the North American session, the GBP/USD pair has gained 0.26%, supported by hawkish remarks made by Bank of England officials and weak US economic data. The pair is trading at 1.2536 at the time of writing.The Federal Reserve’s most recent monetary policy meeting minutes, which are predicted to show …

On Tuesday, US stocks dipped and benchmark Treasury yields edged lower due to few market moving catalysts. All three major US stock indexes were lower, with the tech-laden Nasdaq down the most as investors await Nvidia Corp’s results after the closing bell. The S&P 500 and the Nasdaq appeared set …

Gold Index (XAU/USD) rose by 1.40% in Tuesday’s trading session, breaking through the $2,000 barrier and rising by 1.40%. This was primarily driven by the downdraft in US yields and a weak US dollar. The FOMC November minutes will be released later in the session, where investors will look for …

During his most recent press statements and remarks, Federal Reserve Chair Jerome Powell used the word “careful” to characterise the U.S. central bank’s attempt to strike a balance between tightening credit conditions and the Fed’s belief that the economy was about to slow down, and the risks of still-high inflation …

The yen rose against the dollar for a fourth straight session on Tuesday, with investors anticipating the possibility that the Bank of Japan will tighten monetary policy next year while the Federal Reserve will ease it. The dollar reached its lowest level since mid-September at 147.16 yen, and recorded in …

European stocks recorded limited movement on Tuesday amid a decline in the financial sector that offset gains in mining stocks, while investors continue to search for evidence to support expectations that major central banks have finished raising interest rates. The European STOXX 600 index rose 0.1 percent by 0810 GMT. …