GBP remains volatile

The Bank of England announced that it would start making temporary purchases of long-term UK government bonds on September 28 in order to restore orderly market conditions. The British pound remained volatile, first rising to above $1.08 before dropping to $1.05.

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EUR/USD rises above 1.0900

EUR/USD rose above 1.0900 after the Fed raised interest rates, the highest since early February. Another Fed’s rate hike of 25bps was delivered, but the US dollar weakened all around the place.

Russia to internationalize Chinese Yuan

Putin advocated for the internationalization of the Chinese yuan, saying that around two-thirds of trade between Russia and China is conducted in yuan and ruble. The president said his country supports the use of the yuan in trade between Russia and countries in Asia, Africa, and Latin America.

EUR gains on all fronts

The euro strengthened against all fiat currencies, supporting the ongoing trends. EUR/AUD jumped 1.5%, while EUR/JPY and EUR/GBP are up 1.2%.

JPY gains momentum

The Japanese yen continues to appreciate against all currency pairs. NZD/JPY is down 1.33%, and CAD/JPY along with USD/JPY fell 1%.

JPY appreciates against all currencies

The Japanese yen drastically strengthened after the members of the Bank of Japan signaled the need to keep an ultra-easy policy. EUR/JPY is down 3%, and other currency pairs like AUD/JPY, NZDJPY, GBP/JPY along with CAD/JPY are 1.8% lower.

US dollar declines after US data

The US data released on Friday caused a selloff in the US dollar (USD) against all fiat currencies. USD/CHF fell 1.4%, USD/JPY dropped 1.35%, and GBP/USD is up 1.5%.

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Do Kwon reportedly arrested

The Interior Minister of Montenegro claims Do Kwon has been arrested in Podgorica, the capital of Montenegro. The identity verification should be confirmed soon.

BoE lifts interest rates again

The Bank of England lifted the UK’s interest rates by 25 bps, the eleventh rate hike in a row. The interest rates were increased from 4% to 4.25%, reaching 15-year highs, with the aim of bringing inflation down.

Firms invest $250m in eToro

Trading platform eToro raised $250 million in an advanced investment agreement, topping the company’s valuation at $3.5 billion. ION Group, Social Leverage, SoftBank, and other major industry players invested in eToro in the recent deal. 

SNB raises interest rates to 1.5%

The Swiss National Bank joined the Fed with another rate hike of 50 bps. The interest rates were increased from 1% to 1.5%, the highest since 2008. The central bank suggested more rate hikes could occur this year. 

SEC’s fight with crypto intensifies

The SEC filed a new lawsuit against Jake Paul, citing crypto promotions without disclosing the payment he received for the promotion. Justin Sun is being sued for fraud and market manipulation. The SEC alleges unregistered sales of securities (TRX and BitTorrent). Moreover, Coinbase received a Wells Notice focused on staking and asset listing.

EUR/USD rises above 1.0900

EUR/USD rose above 1.0900 after the Fed raised interest rates, the highest since early February. Another Fed’s rate hike of 25bps was delivered, but the US dollar weakened all around the place.

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USD/JPY plunges toward 130; more losses likely

The bearish pressure is expected to continue as there is little support for the USD at the moment.
Mixed messages after the Fed – markets are in a waiting mode
SP500
0.3%

Mixed messages after the Fed – markets are in a waiting mode

The US market turned green across the board as volatility makes for a roller coaster trading.
Natural gas lifted after EIA data – is gas dead?
NG
-2.13%

Natural gas lifted after EIA data – is gas dead?

The fresh EIA storage data lifted the price of natural gas, however nothing ground-breaking happened. Will we see a rise ever again?

FTSE struggles after BoE hike – future movement uncertain

Another rate hike seems to have disrupted the short-term bullish trend in the FTSE index.