March 21 2023 🕓 4 min
Banks cool down even more before Fed – another green day for stocks
The US Treasury stepped in again to make sure every little bank can count on it. All eyes are starting to turn on Fed.
Russia lowering interest rates
September 16 2022
As expected, the Central Bank of Russia lowered its interest rates by 50bps to 7.5% during its September 2022 meeting. It was the sixth consecutive rate cut as current consumer price growth rates remain low. USD/RUB is up by 1.34% for the day.
More market movers from category
March 21 2023
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%.
March 16 2023
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%.
March 15 2023
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.
March 10 2023
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%.
March 10 2023
JPY declines after BoJ meeting
The Bank of Japan held interest rates steady at -0.1% at its meeting. JPY immediately weakened against all fiat currencies, with GBP/JPY rising 0.6% and NZD/JPY jumping 0.5%.
March 8 2023
The Bank of Canada (BoC) left interest rates unchanged at 4.5%. The Canadian dollar (CAD) immediately weakened against all the other fiat currencies.
More market movers
March 21 2023
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%.
March 21 2023
Texas introduces a Bitcoin bill
Texas introduced a bill that should protect Bitcoin miners, holders, and developers. The bill explains how Bitcoin made several technological breakthroughs, including blockchain and distributed ledger.
March 21 2023
FRC gains 30% amid banking mayhem
After a banking bloodbath for the past few weeks, First Republic Bank (FRC) gained 30%. The stock jumped from $12 to $16, but is still down from $120 three weeks ago.
March 21 2023
Canada’s annual inflation rate dropped to 5.2% from the previous month’s 5.9%. This is the lowest reading since January 2022 and falls short of the market’s projection of 5.4%. Core inflation decreased as well, from 5% to 4.7%.
March 21 2023
After Balaji made a bet that Bitcoin would hit $1 million, Strike CEO, Jack Mallers, joined him. This is due to fears of hyperinflation in the US. In the meantime, the fear and greed index reached 16-month highs, bringing euphoria to the crypto market.
March 20 2023
Florida Governor wants to ban CBDCs
Florida Governor Ron DeSantis called for a ban on central bank digital currencies (CBDCs). He pointed out some negative effects, including higher surveillance over citizens or a cap on CBDC holdings.
News
March 21 2023 🕓 3 min
Gold respects $2,000 resistance for now – can it smash through?
Gold could pause its rally as investors now anticipate the Fed’s monetary policy meeting, which can go either way.
March 21 2023 🕓 3 min
Financial sector jumps as Yellen calms investors
Markets think the crisis is over, bidding up regional banks and the whole financial sector.
March 21 2023 🕓 7 min
Bitcoin: An extraordinary asset class defying traditional labels
Discover how Bitcoin challenges traditional asset classes and reshapes the financial landscape with its unique attributes.