Non-farm data is coming! Will the market push the Fed's interest rate cut expectations to the other extreme? Gold may have two plays tonight! The Bank of Japan has begun to test the market's tone?
The dollar headed for its best annual performance in nearly a decade as a stronger US economy damped expectations of a Federal Reserve rate-cutting cycle and President-elect Donald Trump's threat of tough tariffs supported bullish bets on the greenback. The Bloomberg dollar index is up more than 7 per cent so far this year, its best performance since 2015. All developed world currencies weakened against the dollar as other central banks had to step in to support their economies.
According to the Federal Reserve's FOMC statement, inflation has "made progress" towards its 2% objective, but remains elevated.
ECB policymakers appeared satisfied with lower inflation at last month's meeting, but argued for a gradual easing in light of continued pressure, according to European Central Bank meeting notes. The ECB cut interest rates last month and said it would be open to October, but many policymakers have made the case for follow-through, suggesting that next week's rate cut is almost a DingTalk on the board and that the real debate will take place around December. "The path to the 2 per cent target lie...
European Central Bank Governing Council Nagel: Good progress towards achieving the inflation target. Inflation is expected to reach 2% by the end of next year.
Mr. Nagel, the ECB's governing council member, said he was well on his way to meeting his inflation target, which is expected to reach 2 per cent by the end of next year.
The governor of the Philippine central bank said that the direction of monetary policy will eventually trend towards easing. When conditions are ripe, when we feel that inflation is under control, we intend to ease policy. We do not want to maintain high interest rates that would result in a loss of output.
Binance Research Institute released a report on "The Road to a Billion Users on the Chain": The adoption rate of blockchain networks is significantly slower than that of social media networks, and decentralized systems are inherently more complex than centralized systems. Many blockchain projects are dedicated to creating decentralized alternatives to existing centralized products and services. The report examines three categories of future users, namely, computer users.
ZachXBT, a detective on the chain, posted on social media that about an hour ago, verso.sol, one of the big names in DJT, sold $832,000 worth of DJT and then deposited USDC into CEX. Coincidentally, he is also the whale holder of Shoggoth, another project of Martin.