Category: Cut
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Bitcoin Jumps 22% Post-Fed Rate Cut, Yet Key Resistance Sparks Crash Fears – Bitfinex
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Bitcoin (BTC), the world’s largest cryptocurrency, has surged more than 22% over the past two weeks to trade at around $63,200, after a sharp drop to $52,000 on September 6. That’s the highest level Bitcoin has reached in nearly two months. Critical resistance looms at $65,200 According to a recent…
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China central bank will cut banks’ reserve requirement ratio by 50 bps By Reuters
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Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some or all of your investment amount, and may not be suitable for all investors. Cryptocurrency prices are highly volatile and may be affected by external factors such as financial, regulatory or political events.…
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Fed’s Kashkari: 50 bps rate cut was the right decision
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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Asian stocks rise; China up on repo rate cut, Australia hit by retailer losses By Investing.com
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Most Asian shares rose slightly on Monday amid continued optimism over lower interest rates, while Australian markets lagged as major retail stocks fell sharply in the face of an antitrust lawsuit. Chinese markets rose after the People’s Bank of China cut its short-term lending rate, although overall gains were limited.…
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Fed Is About to Get Validation for Its Jumbo Rate Cut
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(Bloomberg) — The Federal Reserve’s preferred gauge of prices and the picture of consumer demand are expected to underscore the central bank’s aggressive rate cuts and Chairman Jerome Powell’s view that the economy remains strong. Most Read from Bloomberg Economists expect the personal consumption expenditures price index to rise just…
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Wales considers 25% income tax cut to tackle rural depopulation and ‘brain drain’
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The Welsh government is considering introducing tax cuts to stem the tide of people leaving the country, especially from rural areas, and to preserve the Welsh language. Inspired by Spain’s Castilla-La Mancha, where rural residents are offered a 25% income tax cut, the Welsh-speaking Communities Commission has recommended a similar…
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Wales considers 25% income tax cut to tackle rural depopulation and ‘brain drain’
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The Welsh government is considering introducing tax cuts to stem the tide of people leaving the country, especially from rural areas, and to preserve the Welsh language. Inspired by Spain’s Castilla-La Mancha, where rural residents are offered a 25% income tax cut, the Welsh-speaking Communities Commission has recommended a similar…
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Avalanche (AVAX) Rallies On Fed Rate Cut, DeFi Growth Boosts Long-Term Outlook
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With its price up 17% over the past seven days, Avalanche (AVAX) has recently been in winning streakThe cryptocurrency is currently trading at $28.12, up 7% in the past 24 hours alone. This sudden surge fits into a larger cryptocurrency market rally driven by a major shift in the US…
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Avalanche (AVAX) Rallies On Fed Rate Cut, DeFi Growth Boosts Long-Term Outlook
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With its price up 17% over the past seven days, Avalanche (AVAX) has recently been in winning streakThe cryptocurrency is currently trading at $28.12, up 7% in the past 24 hours alone. This sudden surge fits into a larger cryptocurrency market rally driven by a major shift in the US…
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Fed’s Bowman explains dissent. Says she would have preferred a smaller rate cut
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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Fed’s Bowman explains dissent. Says she would have preferred a smaller rate cut
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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Asia FX rises as rate cut dents dollar; yen firms as BOJ holds course By Investing.com
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Most Asian currencies rose on Friday, while the dollar suffered losses after the Federal Reserve cut interest rates by a wide margin and began an easing cycle. The Japanese yen was among the best performing currencies, rising after the Bank of Japan kept interest rates on hold and said it…
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Global investors brace for turmoil as big Fed cut sows confusion By Reuters
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By Naomi Rovnick and Yoruk Bahceli LONDON (Reuters) – Major global investors are on alert for sharp market volatility after a big U.S. interest rate cut sparked confusion over whether the market-dominating global economy will boom or slump, clouding the outlook for stocks, bonds and currencies around the world. Global…
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Asian stocks rise on rate cut cheer; Japan trims gains after BOJ By Investing.com
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Most Asian stocks rose on Friday, tracking gains on Wall Street overnight, as investors welcomed a major interest rate cut by the Federal Reserve. Japanese stocks outperformed their regional peers, but pared early gains after the Bank of Japan kept interest rates steady but said it expected inflation to continue…
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US rate cut brings cheer to Kenyan investors
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Kenya is expected to see lower bank borrowing costs, gains on the Nairobi Stock Exchange and a rise in the shilling against the dollar after the US Federal Reserve began expected interest rate cuts on Wednesday, sending dollars into emerging markets. The US central bank cut its benchmark interest rate…
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CBA shifts expected RBA rate cut timing to December 2024 (from November)
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The Commonwealth Bank of Australia has decided to postpone the expected date of the Reserve Bank of Australia’s first interest rate cut from November 2024 to December 2024. Expect a 25 basis point cut. The recent strength in employment growth coupled with relatively hawkish rhetoric from the RBA Governor means…
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Asia FX muted as dollar rises past bumper rate cut; yen down before BOJ By Investing.com
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Most Asian currencies moved in a flat-to-low range on Thursday as the dollar rose sharply after a large interest rate cut by the Federal Reserve was offset by less dovish signals on future interest rates. The Japanese yen was among the worst performing currencies on the day, falling amid pressure…
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Bitcoin Climbs With US Equity Futures as Traders Digest Fed Cut
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(Bloomberg) — Bitcoin hit a three-week high alongside a jump in U.S. stock futures as a sharp interest rate cut by the Federal Reserve rattled markets. Most Read from Bloomberg The digital currency rose about 3.9% before trading at $61,900 as of 7:11 a.m. Thursday in London. S&P 500 futures…
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$200m in crypto liquidated following 50bps Fed rate cut
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The cryptocurrency market has seen impressive bullish momentum following the long-awaited interest rate cut by the US Federal Reserve, which has led to increased liquidation. According to data provided by Coinglass, total crypto liquidations have increased by 46% over the past day, reaching nearly $200 million. Most of the liquidated…