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After the Federal Reserve brought forward a 50bps rate cut from the March 18 meeting this week we saw the USD fall off quickly on the announcement. The expectations from the futures market were 100% for a 50bps rate cut and 70% for a 75bps rate cut. The delivered cut, early, pushed the dollar...
EY and ConsenSys announced the formation of the Baseline Protocol, a project aimed at enterprises. The new protocol will allow enterprises to access decentralized finance (DeFi) services built on the Ethereum blockchain to deliver secure and private business processes at low cost. The project...
USDJPY has extended its recent decline and GOLD looks like it's getting ready to make another run. While there has been USD selling this week in the aftermath of the 50 basis point rate cut, it seems like most of the activity out there is less about yield differential and more about the...
After the turnaround in the market yesterday, the old habits from the past week started to resurface as virus fears continue to eat away at optimism in trading today.
European equities began with modest gains but that quickly dissipated in early trades with US futures also sinking further after...
As North American traders enter for the day, and the sentiment in pre-market for stocks reverses some of the gains from yesterday, the JPY is the strongest and the CAD is the weakest. The USD is mostly weaker with the greenback down vs the EUR, GBP, JPY, CHF and NZD. and higher vs the CAD and...
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